Edison Scholarship & Memorial Fund

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

EIN: 416023937 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Edison Scholarship & Memorial Fund?

The Edison Scholarship & Memorial Fund is a charitable organization that provides financial assistance to deserving students from Edison High School. They offer scholarships worth $12,059.99 to eight varied educational institutions, benefiting eleven talented graduates. Additionally, the organization honors all high-achieving graduates with Presidential Award pins. While the information does not specify the fund's broader mission or activities, it is clear that they focus on supporting the educational aspirations of their alma mater's students.

Is Edison Scholarship & Memorial Fund legitimate?

Edison Scholarship & Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edison Scholarship & Memorial Fund 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 Edison Scholarship & Memorial Fund?

The Edison Scholarship & Memorial Fund's primary activity involves providing financial aid in the form of scholarships. During a recent period, they distributed $12,059.99 to 11 students from Edison High School, who were pursuing their education at various universities, colleges, and post-secondary institutions. Additionally, Presidential Award pins were presented to all the honors graduates from the high school. While the information does not provide an explicit mission statement, it implies that the fund's purpose is to support the educational endeavors of deserving students, thereby fostering their academic growth.

Who is the CEO of Edison Scholarship & Memorial Fund?

Michael Iacarella is the President of Edison Scholarship & Memorial Fund.

What is the revenue of Edison Scholarship & Memorial Fund?

Edison Scholarship & Memorial Fund's revenue in 2022 was $11,854.

Who are the executives of Edison Scholarship & Memorial Fund and what are their salaries?


Here are 5 key members and their salaries:


Michael Iacarella (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claire Hypolite (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tara Stassen-Ferguson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nora Guerin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theodore Stassen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Edison Scholarship & Memorial Fund?

Edison Scholarship & Memorial Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Edison Scholarship & Memorial Fund

The Edison Scholarship & Memorial Fund is an organization dedicated to providing financial assistance to deserving students who have graduated from Edison High School. This nonprofit disburses scholarships totalling $12,059.99 to eight different universities, colleges, or post-secondary institutions, thereby benefiting a total of eleven students. In addition to the monetary scholarships, the Edison Scholarship & Memorial Fund also awards Presidential Award pins worth $225.85 to all honors graduates from Edison High School. This nonprofit's mission is to support the educational pursuits of its alumni and recognize their achievement with prestigious awards.

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Impact




August, 2024

The Edison Scholarship & Memorial Fund has made a significant impact by providing $12,059.99 in scholarships to 11 different students who graduated from Edison High School. This financial support helped these students pursue their education at 8 different universities, colleges, and post-secondary institutions. Additionally, the fund recognized the achievements of honors graduates by awarding them Presidential Award pins, further motivating them to excel in their academic pursuits. Through these initiatives, the Edison Scholarship & Memorial Fund is making a tangible difference in supporting and encouraging educational success among students from its community.




This information is meant to be a general summary of Edison Scholarship & Memorial Fund. 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
$11,854 (2022)
Expenses
$12,283 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $104
  • Gross Receipts: $11,854

Assets and Liabilities:

  • Total Assets: $113,882
  • Total Liabilities: $0
  • Net Assets: $113,882

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Organization Details

Principal Officer

Michael Iacarella

Main Address

700 22nd Avenue NE, Minneapolis, MN, 55418

NTEE Category

Code: B82 - Education

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