Scotch Plains Fanwood Scholarship Fund
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE FOUNDATION SOLICITS FUNDS AND RECEIVES UNSOLICITED FUNDS AND DONATIONS FROM ORGANIZATIONS AND INDIVIDUALS WHO ESTABLISH HONORARY/MEMORIAL SCHOLARSHIPS WITH SPECIFIC REQUIREMENTS AND NEED OUR ADMINISTRATIVE EXPERTISE TO GIVE SCHOLARSHIP ASSISTANCE TO DESERVING HIGH SCHOOL GRADUATES WHO ARE DOMICILED IN SCOTCH PLAINS OR FANWOOD, NEW JERSEY.
- Income
- $257,526
- Spending
- $300,695
- Spent on programs
- 98%
- Reserves
- 4.1 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 60 out of 100.
Reserves
20 of 35Spendable reserves would cover 4.1 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 17% of income.
Income trend
5 of 15Income fell 22% on the year before.
Spending floor
15 of 1598% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 48 out of 100.
Independent board
25 of 2517 of 17 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $294,205 spent. THE FOUNDATION PUBLISHES A HARD COPY LISTING OF THE INDIVIDUAL SCHOLARSHIP AWARDS IN NOVEMBER FOR THE FORTHCOMING CALENDAR YEAR, AND IN ADDITION IT IS POSTED ON THE OFFICIAL WEBSITE OF THE PUBLIC SCHOOL SYSTEM OF SCOTCH PLAINS-FANWOOD.EACH MEMBER OF A 14 MEMBER COMMUNITY CITIZENS COMMITTEE REVIEW EACH STUDENT APPLICATION INDEPENDENTLY AND ASSIGN AN EVALUATION TO THE APPLICATION OSING A NUMERICAL RATING SYSTEM.THE SCREENING COMMITTEE THEN MEETS AS A GROUP AND PROVIDES A LISTING OF THE RECIPIENTS TO THE TRUSTEES FOR THEIR REVIEW AND APPROVAL.AT THE ANNUAL AWARDS NIGHT HELD IN MAY AT THE SCOTCH PLAINS FANWOOD HIGH SCHOOL THE RECIPIENTS OF THE SCOTCH PLAINS FANWOOD SCHOLARSHIP FOUNDATION ALONG WITH RECIPIENTS OF AWARDS FROM OTHER LOCAL, REGIONAL, AND NATIONAL DONORS RECEIVE THEIR AWARDS. OFTEN THE DONOR OR A MEMBER OF THE DONOR'S FAMILY IS THE PRESENTER OF THE AWARD ESPECIALLY IN THE CASE OF MEMORIAL SCHOLARSHIPS. THE FOUNDATION PUBLISHES A HARD COPY LISTING OF THE INDIVIDUAL SCHOLARSHIP AWARDS IN NOVEMBER FOR THE FORTHCOMING CALENDAR YEAR, AND IN ADDITION IT IS POSTED ON THE OFFICIAL WEBSITE OF THE PUBLIC SCHOOL SYSTEM OF SCOTCH PLAINS-FANWOOD.EACH MEMBER OF A 14 MEMBER COMMUNITY CITIZENS COMMITTEE REVIEW EACH STUDENT APPLICATION INDEPENDENTLY AND ASSIGN AN EVALUATION TO THE APPLICATION OSING A NUMERICAL RATING SYSTEM.THE SCREENING COMMITTEE THEN MEETS AS A GROUP AND PROVIDES A LISTING OF THE RECIPIENTS TO THE TRUSTEES FOR THEIR REVIEW AND APPROVAL.AT THE ANNUAL AWARDS NIGHT HELD IN MAY AT THE SCOTCH PLAINS FANWOOD HIGH SCHOOL THE RECIPIENTS OF THE SCOTCH PLAINS FANWOOD SCHOLARSHIP FOUNDATION ALONG WITH RECIPIENTS OF AWARDS FROM OTHER LOCAL, REGIONAL, AND NATIONAL DONORS RECEIVE THEIR AWARDS. OFTEN THE DONOR OR A MEMBER OF THE DONOR'S FAMILY IS THE PRESENTER OF THE AWARD ESPECIALLY IN THE CASE OF MEMORIAL SCHOLARSHIPS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 1970.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.