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Peter Tmilano Scholarship Fund Inc

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

EIN: 223844186 ✦ Yardley, PA ✦ Designated as a 501(c)(3)

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Overview

What is Peter Tmilano Scholarship Fund Inc?

Peter Tmilano Scholarship Fund Inc is a charitable organization based in Middletown, New Jersey. Its primary mission is to honor the memory of Peter T. Milano by awarding educational scholarships to deserving students at both the high school and college levels. The fund has supported numerous students, distributing a total of $3,000, $10,800, $4,000, and $11,000 to different schools in Middletown, and $16,200 to a group of students and a school in the Middletown area. The organization's aim is to contribute to the education of young individuals in the community, thereby fostering intellectual growth and opportunity.


Official website here: www.petermilano.org

Is Peter Tmilano Scholarship Fund Inc legitimate?

Peter Tmilano Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peter Tmilano 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.


Official website here: www.petermilano.org

What is the mission statement of Peter Tmilano Scholarship Fund Inc?

The Peter Tmilano Scholarship Fund Inc's mission is centered around providing educational support to deserving students at both the high school and college levels. They distribute scholarships to a significant number of students, with amounts varying. For instance, six students received a combined $3,000, while another eight students received $11,000. Furthermore, 17 students from a specific school in Middletown, New Jersey, were awarded a substantial scholarship sum of $16,200. The primary aim of the fund is to honor the memory of Peter T. Milano by offering educational opportunities to students in the Middletown, New Jersey, area.


Official website here: www.petermilano.org

Who is the CEO of Peter Tmilano Scholarship Fund Inc?

John C Silano is the President of Peter Tmilano Scholarship Fund Inc.


Official website here: www.petermilano.org

What is the revenue of Peter Tmilano Scholarship Fund Inc?

Peter Tmilano Scholarship Fund Inc's revenue in 2022 was $4,080.


Official website here: www.petermilano.org

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


Here are 7 key members and their salaries:


Patricia Milano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Declan Cassidy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny A Desimone (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothy Holly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Holly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Sidoti (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John C Silano (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.petermilano.org

Where can I find the form 990EZ for Peter Tmilano Scholarship Fund Inc?

Peter Tmilano Scholarship Fund Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.petermilano.org

Learn more at the official website: www.petermilano.org

Mission Statement of Peter Tmilano Scholarship Fund Inc

The Peter Tmilano Scholarship Fund Inc is committed to honoring the memory of Peter T. Milano by distributing educational scholarships to deserving students. This nonprofit organization focuses its efforts on providing financial aid to students at both the high school and college levels. The Scholarship Fund has demonstrated its generosity by awarding various amounts to several schools and individual students. For instance, six students received a combined total of $3,000.00 and $10,800.00, while another eight students received a combined total of $4,000.00 and $11,000.00. Moreover, 17 students and a school, specifically the CBA of Middletown, NJ, were awarded a substantial total of $16,200. By offering these scholarships, the Peter Tmilano Scholarship Fund Inc is making a significant contribution to the educational pursuits of students in the Middletown, New Jersey, area.

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Impact




August, 2024

The Peter Tmilano Scholarship Fund Inc has had a significant impact on deserving students in the Middletown, New Jersey area by providing educational scholarships at the high school and college level. A total of 31 students and a school, CBA of Middletown, NJ, have benefited from the fund, receiving a total of $33,000 in scholarships. This support not only helps students pursue their academic goals but also honors the memory of Peter T. Milano through the distribution of scholarships. The fund's dedication to education is evident in its commitment to providing financial assistance to students in need, ultimately making a positive difference in the local community.




This information is meant to be a general summary of Peter Tmilano 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
$4,080 (2022)
201120122013201420152016201720182019202020212022$0$8,500$17,000$25,500$34,000
Expenses
$13,398 (2022)
201120122013201420152016201720182019202020212022$0$6,500$13,000$19,500$26,000
Efficiency
2011201220132014201520162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,535
  • Gross Receipts: $18,214

Assets and Liabilities:

  • Total Assets: $98,069
  • Total Liabilities: $0
  • Net Assets: $98,069

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Organization Details

Principal Officer

John C Silano

Main Address

PO BOX 128, YARDLEY, PA, 19067

NTEE Category

Code: B82 - Education

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