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Marcy Houses Memorial Scholarship Fund Inc

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

EIN: 842758847 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Marcy Houses Memorial Scholarship Fund Inc?

The Marcy Houses Memorial Scholarship Fund Inc is a nonprofit organization dedicated to uplifting post-secondary students living in low-income housing developments. It achieves this by offering scholarships, mentoring, and various forms of support. Recognizing the issue of "Summer Melt," where low-income students who have been accepted into college or trade school fail to enroll, the fund initiates the Summer Bridge program. In 2020, the organization granted its initial two scholarships, and by 2022, it had dispensed a total of 13 scholarships, worth $6,525. Beyond scholarships, the fund actively engages in outreach efforts to spread awareness of these opportunities.


Official website here: www.marcyscholarship.org

Is Marcy Houses Memorial Scholarship Fund Inc legitimate?

Marcy Houses Memorial Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marcy Houses Memorial 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.marcyscholarship.org

What is the mission statement of Marcy Houses Memorial Scholarship Fund Inc?

The Marcy Houses Memorial Scholarship Fund's primary mission is to inspire and support post-secondary students residing in low-income housing developments. This is achieved by offering scholarships, mentoring, and various forms of assistance. To address the issue of "Summer Melt," where low-income students accepted into college or trade school do not enroll, the organization provides the Summer Bridge program. In 2020, the fund awarded its initial scholarships, and in 2022, it made 13 scholarship allotments, amounting to $6,525. Furthermore, the organization is committed to extensive scholarship outreach efforts.


Official website here: www.marcyscholarship.org

Who is the CEO of Marcy Houses Memorial Scholarship Fund Inc?

Matthew Williams is the Treasurer of Marcy Houses Memorial Scholarship Fund Inc.


Official website here: www.marcyscholarship.org

What is the revenue of Marcy Houses Memorial Scholarship Fund Inc?

Marcy Houses Memorial Scholarship Fund Inc's revenue in 2022 was $15,448.


Official website here: www.marcyscholarship.org

Who are the executives of Marcy Houses Memorial Scholarship Fund Inc and what are their salaries?


Here are 6 key members and their salaries:


Valerie Johnson (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Williams (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adele Johnson-Davis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Antoinette Wirth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denzel Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.marcyscholarship.org

Where can I find the form 990EZ for Marcy Houses Memorial Scholarship Fund Inc?

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


Official website here: www.marcyscholarship.org

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

Mission Statement of Marcy Houses Memorial Scholarship Fund Inc

The Marcy Houses Memorial Scholarship Fund, as its primary mission, aims to inspire and support post-secondary students residing in low-income housing developments. It accomplishes this by providing scholarships, mentoring, and various forms of assistance. Recognizing the issue of "Summer Melt," where students who are accepted into college or trade schools do not enroll, the organization offers the Summer Bridge program. This program helps bridge the gap for low-income students, ensuring they transition smoothly into their educational journeys. In 2020, Marcy Houses Memorial Scholarship Fund awarded its first two scholarships, and by 2022, it had made a total of 13 scholarship allotments, amounting to $6,525. Furthermore, the organization is actively engaged in scholarship outreach efforts, demonstrating its commitment to supporting and encouraging academic pursuits among its target demographic.

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Impact




August, 2024

The Marcy Houses Memorial Scholarship Fund Inc's impact is significant in motivating post-secondary students residing in low-income housing developments. Through scholarships, mentoring, and other forms of support, the organization aims to empower these students to pursue higher education opportunities. Additionally, their Summer Bridge program helps combat "Summer Melt" by assisting low-income students accepted into college or trade school but do not enroll. As of 2022, the organization has already awarded multiple scholarships and continues to engage in outreach efforts to support deserving students in their educational pursuits.




This information is meant to be a general summary of Marcy Houses Memorial 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
$15,448 (2022)
Expenses
$19,163 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $15,448

Assets and Liabilities:

  • Total Assets: $23,479
  • Total Liabilities: $0
  • Net Assets: $23,479

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Organization Details

Principal Officer

Matthew Williams

Main Address

571 Decatur Street, Brooklyn, NY, 11233

NTEE Category

Code: B82 - Education

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