Patrick J Dipaolo Memorial Scholarship Fund EIN 46-3558745 Form 990 (PDF) Claim this org

Patrick J Dipaolo Memorial Scholarship Fund

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Provides scholarships to help deserving high school seniors earn their undergraduate degrees. For fiscal year 2024 it reported $42K in revenue, $15K in expenses, and $298K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Erie, PA
Website
www.wieitot.org
Filings
5 on file (2020–2024)
Revenue
$42KFY2024
Expenses
$15K
Net assets
$298K
People
34
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-3558745 Public charity (501(c)(3)) Erie, PA
Form 990 (PDF)
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Size
<$100K
What they do
Provides scholarships to help deserving high school seniors earn their undergraduate degrees.
Leadership
Q Gregory Orlando · Chairman
Money in and out
$42K revenue, $15K expenses
Bottom line
68% program efficiency
Where the money goes · FY2024
Total revenue
$42K
Pt VIII · Ln 12
Total expenses
$15K
Pt IX · Ln 25
Net assets
$298K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $27K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Surplus margin
+64%
revenue over expenses, this year▲ +12% vs prior filing year
Revenue trend
+13%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$42K
FY2024▲ +31%
Total revenue
$42K
Pt VIII · Ln 12
Total expenses
$15K
Pt IX · Ln 25
Net assets
$298K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$298K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 334
Independent voting membersPt I · Ln 434

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPatrick J Dipaolo Memorial Scholarship Fund
EINHdr · item D46-3558745
Principal addressHdr · item CErie, PA
WebsiteHdr · item Jwww.wieitot.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a34
Independent voting membersPt VI · Ln 1b34
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Co-Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $10K of program spending, described in the organization's own filed words · FY2024.
01

To assist deserving high school seniors in obtaining their undergraduate degree by generating funds for scholarships.

$10Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$25K · 59%
Other revenue$12K · 28%
Investment income$5K · 13%
Contributions & grants59%$25K
Other revenue28%$12K
Investment income13%$5K
Total revenueLn 12$42K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$10K
Management & general32%$5K
Total functional expensesLn 25$15K

Balance Sheet

Part X · end of year
CashLn 1$298K
Total assetsLn 16$298K
Total liabilitiesLn 26$0
Total net assetsLn 32$298K
Months of cash on handcomputed232.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $298K · Operating expenses (Pt IX) $15K · Less non-cash grants $19K · Cash operating expenses/yr $-3K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $10K · Total expenses $15K
68%
Management & General
Management & general $5K · Total expenses $15K
32%
Fundraising
Fundraising $0 · Total expenses $15K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $25K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $25K · Total revenue $42K
59%
Government reliance
Government grants — · Total revenue $42K
Earned-income share
Program service revenue $0 · Total revenue $42K
0%
Investment reliance
Investment income $5K · Total revenue $42K
+13%
Program self-sufficiency
Program service revenue $0 · Total expenses $15K
0%
Growth & trend
Revenue growth (YoY)
This year $42K · Prior year $32K
+31%
Revenue CAGR
FY2020 $26K · FY2024 $42K
+13%
Net-asset trend (YoY)
End of year $298K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $42K · Expenses $15K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $298K
Net-asset ratio
Net assets $298K · Total assets $298K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $298K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Q Gregory Orlando · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $15K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $15K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth 31%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $1K · 2024–2024
Unitemized GrantFY2024$1,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$42K revenue · viewing · ⤓ 990 PDF
FY2023$32K revenue · ⤓ 990 PDF
FY2022$26K revenue · ⤓ 990 PDF
FY2021$22K revenue · ⤓ 990 PDF
FY2020$26K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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