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Paramus Scholarship Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223071366 ✦ Paramus, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Paramus Scholarship Fund Inc?

Paramus Scholarship Fund Inc is a nonprofit organization based in Paramus, New Jersey. Their primary mission involves organizing various fundraisers annually, with the earnings distributed as scholarships to deserving high school graduates residing within the town. These scholarships aid students pursuing their higher education. The fund's purpose is to support the academic aspirations of young individuals from the Paramus community.

Is Paramus Scholarship Fund Inc legitimate?

Paramus Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramus Scholarship Fund Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Paramus Scholarship Fund Inc?

The Paramus Scholarship Fund Inc is committed to raising funds through various events throughout the year. The primary objective of these efforts is to award scholarships to graduating high school students residing in the area. These scholarships are intended to support the further education of these students, specifically in the form of college scholarships. The fund's mission is to provide financial assistance, thereby facilitating educational opportunities for deserving students.

Who is the CEO of Paramus Scholarship Fund Inc?

Steven Cohen is the Treasurer of Paramus Scholarship Fund Inc.

What is the revenue of Paramus Scholarship Fund Inc?

Paramus Scholarship Fund Inc's revenue in 2023 was $51,579.

Who are the executives of Paramus Scholarship Fund Inc and what are their salaries?


Here are 5 key members and their salaries:


Stacy Sheridan (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Cohen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy O'Neil (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne Weber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Flo Scivolettu (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Paramus Scholarship Fund Inc?

Paramus Scholarship Fund Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Paramus Scholarship Fund Inc

The Paramus Scholarship Fund Inc is a dedicated organization that undertakes numerous fundraising activities annually. Their primary mission is to utilize the funds raised to award scholarships to deserving high school graduates residing within the Borough of Paramus, New Jersey. These scholarships are intended to aid these students in their pursuit of higher education, specifically college. The fund's initiatives play a significant role in supporting the educational aspirations of local youth, thereby contributing to their future success.

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Impact




August, 2024

Paramus Scholarship Fund Inc has a direct impact on the academic pursuits and future success of high school students residing in Paramus, NJ. By holding fundraisers and distributing scholarships to graduating seniors, this organization plays a crucial role in alleviating the financial burden of college education. Through their efforts, they are enabling young individuals to pursue higher education and achieve their academic goals, ultimately contributing to the intellectual and economic growth of the community.




This information is meant to be a general summary of Paramus Scholarship Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$51,579 (2023)
Expenses
$56,589 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $291
  • Gross Receipts: $60,663

Assets and Liabilities:

  • Total Assets: $32,830
  • Total Liabilities: $0
  • Net Assets: $32,830

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Organization Details

Principal Officer

Steven Cohen

Main Address

396 Willard Road, Paramus, NJ, 07652

NTEE Category

Code: B82 - Education

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