Civic Intelligence

The Frank Vasfailoiii Memorial Scholarship Fund Inc

EIN 80-0793084 • 501(c)3 • Long Branch, NJ

Profile

To provide scholarships to students attending wesley college

178 Castlewall AvenueLong Branch, NJ 07740

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.01x

Higher debt load relative to assets than 82% of similar nonprofits.

NTEE B11 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.00x

Higher debt load relative to revenue than 80% of similar nonprofits.

NTEE B11 • <$500k nonprofits • Source year 2024

Net Margin

20th percentile

-17%

Higher net margin than 20% of similar nonprofits.

NTEE B11 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$0

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B11 • <$500k nonprofits • Source year 2024

Asset Growth

11th percentile

-37%

Faster asset growth than 11% of similar nonprofits.

NTEE B11 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

-5.7%

Faster revenue growth than 43% of similar nonprofits.

NTEE B11 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,160

Down $4,265 (-37%) from 2023

Liabilities

Up

$63

Up $35 (+125%) from 2023

Net Assets

$7,097

No earlier filing loaded for comparison.

Revenue

Down

$25,920

Down $1,559 (-5.7%) from 2023

Expenses

Up

$30,220

Up $3,192 (+12%) from 2023

Net Income

Down

-$4,300

Down $4,751 (-1053%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2012: $847Liabilities 2012: $02012Assets 2017: $3,282Liabilities 2017: $02017Assets 2018: $6,041Net Assets 2018: $6,0412018Assets 2019: $3,865Liabilities 2019: $28Net Assets 2019: $3,8372019Assets 2020: $4,057Liabilities 2020: $282020Assets 2021: $11,652Liabilities 2021: $28Net Assets 2021: $11,6242021Assets 2022: $10,974Liabilities 2022: $28Net Assets 2022: $10,9462022Assets 2023: $11,425Liabilities 2023: $282023Assets 2024: $7,160Liabilities 2024: $63Net Assets 2024: $7,0972024

Highlighted filing

2024

Assets$7,160
Liabilities$63
Net Assets$7,097

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$30K$20K$10K$0-$10KRevenue 2012: $18,288Expenses 2012: $17,441Net Income 2012: $8472012Revenue 2017: $28,485Expenses 2017: $25,869Net Income 2017: $2,6162017Revenue 2018: $26,479Expenses 2018: $23,720Net Income 2018: $2,7592018Revenue 2019: $26,524Expenses 2019: $28,728Net Income 2019: -$2,2042019Revenue 2020: $800Expenses 2020: $608Net Income 2020: $1922020Revenue 2021: $21,409Expenses 2021: $13,814Net Income 2021: $7,5952021Revenue 2022: $23,555Expenses 2022: $24,233Net Income 2022: -$6782022Revenue 2023: $27,479Expenses 2023: $27,028Net Income 2023: $4512023Revenue 2024: $25,920Expenses 2024: $30,220Net Income 2024: -$4,3002024

Highlighted filing

2024

Revenue$25,920
Expenses$30,220
Net Income-$4,300

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 9, 2023
Return Version
2022v4.1
Gross Receipts
$23,555
Mission and Program Overview

Mission

TO PROVIDE SCHOLARSHIPS

To provide scholarships to students attending wesley college

Program Services

DescriptionGrantsExpenses
SCHOLARSHIP GRANTS TO STUDENTS AT WESLEY COLLEGE$7,500$7,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LUCILLE VASFAILOPresident And TrusteePT$0--
FRANK R VASFAILOTrusteePT$0--
JENNIFER VASFAILOTrustee & Treasurer-$0--
JUSTIN COPPOLATrustee & Secretary-$0--
Filing and Contact Details

Filer

Filer Name
The Frank Vasfailoiii Memorial Scholarship Fund Inc
EIN
80-0793084
Phone
7324969702
Address
178 CASTLEWALL AVENUE, LONG BRANCH, NJ 07740

Signing Officer

Name
Lucille Vasfailo
Title
President and Trustee
Phone
7324969702
Signed
2023-03-09
Discuss with paid preparer
Yes

Preparer

Firm
Lavinia Mears Ruby CPA LLC
Address
29 South Avenue West, Cranford, NJ 07016
Preparer
Lavinia Mears Ruby
Phone
9082767686
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

N J CHARITIES FEES 30.

Form 990EZ, Part I, Line 16

Day at monmouth park 1775.

Form 990EZ, Part I, Line 16

GOLF BANQUET 2579.

Form 990EZ, Part I, Line 16

GOLF OUTING 9550.

Form 990EZ, Part I, Line 16

Facilities and equipment 175.

Form 990EZ, Part I, Line 16

POSTAGE 60.

Form 990EZ, Part I, Line 16

REFUND GOLF FEES 400.

Form 990EZ, Part I, Line 16

SCHOLARSHIPS 7500.

Form 990EZ, Part I, Line 16

VAN EXPENSE 455.

Form 990EZ, Part I, Line 16

FOOD 199.

Form 990EZ, Part II, Line 24

DUE FROM IRS 0.

Form 990EZ, Part II, Line 26

Due to william colavito 28.

Raw XML Appendix196 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0LUCILLE VASFAILO
IRS990EZ/BooksInCareOfDetail/PhoneNum07328706329
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0178 CASTLEWALL AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LONGBRANCH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007740
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt011652
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt010974
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt023555
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-678
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0700
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt011652
IRS990EZ/Form990TotalAssetsGrp/EOYAmt010974
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt023555
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt011624
IRS990EZ/NetAssetsOrFundBalancesEOYAmt010946
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt011624
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt010946
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LUCILLE VASFAILO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1FRANK R VASFAILO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JENNIFER VASFAILO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JUSTIN COPPOLA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT AND TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TRUSTEE & TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRUSTEE & SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherExpensesTotalAmt022723
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING WESLEY COLLEGE
IRS990EZ/PrintingPublicationsPostageAmt0810
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SCHOLARSHIP GRANTS TO STUDENTS AT WESLEY COLLEGE
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt07500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt07500
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt028
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt028
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt024233
IRS990EZ/TotalProgramServiceExpensesAmt07500
IRS990EZ/TotalRevenueAmt023555
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt023555
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt026524
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt026479
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt098767
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt098767
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt023555
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt021409
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt026524
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt026479
IRS990ScheduleA/Total509Grp/TotalAmt098767
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt098767
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N J CHARITIES FEES 30.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAY AT MONMOUTH PARK 1775.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOLF BANQUET 2579.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOLF OUTING 9550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FACILITIES AND EQUIPMENT 175.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5POSTAGE 60.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REFUND GOLF FEES 400.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SCHOLARSHIPS 7500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8VAN EXPENSE 455.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FOOD 199.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DUE FROM IRS 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DUE TO WILLIAM COLAVITO 28.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LUCILLE VASFAILO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum07324969702
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FRANK VASFAILOIII MEMORIAL SCHOLARSHIP FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0800793084
ReturnHeader/Filer/PhoneNum07324969702
ReturnHeader/Filer/USAddress/AddressLine1Txt0178 CASTLEWALL AVENUE
ReturnHeader/Filer/USAddress/CityNm0LONG BRANCH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007740
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0853739237
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lavinia Mears Ruby CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt029 South Avenue West
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cranford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007016
ReturnHeader/PreparerPersonGrp/PhoneNum09082767686
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lavinia Mears Ruby
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-03-09T12:30:55-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LUCILLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VASFAILO
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits