Garfield American Legion Veterans Memorial Scholarship Fund

EIN: 471846514 501(c)(3) Education

Lyndhurst, NJ

Total Revenue
$23,631
Total Expenses
$407
Total Assets
$592,931
Net Assets
$592,931
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NJ
Principal Officer
Robert G Karpowicz
Phone
2018420446
Tax Period
2024-01-01 to 2024-12-31

Garfield American Legion Veterans Memorial Scholarship Fund, founded in 2014, is a micro nonprofit in the Education sector that reported $24K in total revenue in fiscal year 2024. Revenue surged 1476% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 98% operating margin.

Mission

The Garfield American Legion Veterans Memorial Scholarship Fund was organized exclusively and specifically to operate a scholarship fund that will benefit the youth of America. First, the scholarship fund will provide educational assistance to the children, grandchildren and legacy of veterans who served our country and were/are life members of the Garfield American Legion Post 255 or has twenty-five (25) consecutive years membership in Post 255. Second, the scholarship fund will provide educational assistance to the children, grandchildren and legacy of veterans who served our country and were/are life members of American Legion Posts throughout Bergen County, New Jersey. Third, the scholarship fund will provide educational assistance to the children, grandchildren and legacy of veterans who honorably served our country and who have thirty (30) consecutive year membership in any bonafide veterans organization in Bergen County.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $23,631
Other Revenue $0
TOTAL REVENUE $23,631

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $23
Other Expenses $407
TOTAL EXPENSES $407

Year-over-Year Comparison

2024 2023 Change
Revenue $23,631 $1,499 +14.8%
Expenses $407 $443 -0.1%
Net Income $23,224 $1,056 +21.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert G Karpowicz President 1.00
Officer
$0 $0 $0
Robert A Karpowicz Treasurer 0.00
Officer
$0 $0 $0
Barbara A Karpowicz Vice President 0.00
Officer
$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 $23,631 $407 $592,931 $23,224
2023 $1,499 $443 $569,707 $1,056
2022 $1,514 $251 $568,651 $1,263
2021 $36,550 No data $567,388 No data
2020 $1,893 $75 $530,838 $1,818
2019 $20,023 $483 $529,020 $19,540
2018 $1,908 No data $509,480 No data
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Garfield American Legion Veterans Memorial Scholarship Fund with other nonprofits in New Jersey and across the country.