MICHAEL G SANTANGELO JR SCHOLARSHIP FUND INC

EIN: 464229137 501(c)(3) Philanthropy & Grantmaking

White Plains, NY

Total Revenue
$164,892
Total Expenses
$161,989
Total Assets
$1,254,154
Net Assets
$1,251,649
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Tax Period
2023-01-01 to 2023-12-31

MICHAEL G SANTANGELO JR SCHOLARSHIP FUND INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $165K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 91 months of operating reserves.

Mission

The company makes educational grants to tax-exempt organizations and accredited educational institutions to fund special projects and scholarship programs for students. The company also grants educational stipends to students to cover books and school fees.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $142,555
Program Service Revenue $0
Investment Income $12,791
Other Revenue $9,546
TOTAL REVENUE $164,892

Expense Breakdown

Grants Paid $85,602
Salaries & Benefits $0
Fundraising Expenses $25,758
Program Expenses $107,613
Other Expenses $76,387
TOTAL EXPENSES $161,989

Year-over-Year Comparison

2023 2022 Change
Revenue $164,892 $206,254 -0.2%
Expenses $161,989 $173,456 -0.1%
Net Income $2,903 $32,798 -0.9%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew Veneri Director 0.50
Director
$0 $0 $0
Anthony Ricciardi Director 0.50
Director
$0 $0 $0
John Sinis Director 0.50
Director
$0 $0 $0
Mohammad Esfahani Director 0.50
Director
$0 $0 $0
Linda Callari Director 0.50
Director
$0 $0 $0
Ed Gerrity Director 0.50
Director
$0 $0 $0
Gerald Sullivan Director 0.50
Director
$0 $0 $0
Timothy Judge Director 0.50
Director
$0 $0 $0
George Santangelo III Director 0.50
Director
$0 $0 $0
Joseph Pepe Director 0.50
Director
$0 $0 $0
Linda Sandridge Director 1.00
Director
$0 $0 $0
Roderick Porter Director 1.00
Director
$0 $0 $0
Michael Santangelo Director President and Board 3.00
Officer Director
$0 $0 $0
Georgia Derrico Director Treasurer 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $164,892 $161,989 $1,254,154 $2,903
2022 $206,254 $173,456 $1,281,101 $32,798
2021 $356,668 $142,260 $1,305,998 $214,408
2020 $177,299 $85,453 $1,091,590 $91,846
2019 $82,510 $99,861 $999,744 $-17,351
2018 $192,187 $112,662 $977,160 $79,525
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