Community Scholarship Fund of Glen Cove Inc

EIN: 510192496 501(c)(3) Education

Glen Cove, NY

Total Revenue
$110,258
Total Expenses
$80,075
Total Assets
$1,853,882
Net Assets
$1,853,882
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
NY
Principal Officer
Amy Franklin
Phone
5166710427
Tax Period
2025-01-01 to 2025-12-31

Community Scholarship Fund of Glen Cove Inc, founded in 1957, is a small nonprofit in the Education sector that reported $110K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 27% operating margin.

Mission

The Community Scholarship Fund of Glen Cove, Inc. Awards Scholarships to Graduates of Glen Cove High School to Assist Them in Paying their first year college expenses.The President and the Treasurer reviews Form 990 prior to filing the return.

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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 (2025)

Revenue Breakdown

Contributions & Grants $65,481
Program Service Revenue $0
Investment Income $44,777
Other Revenue $0
TOTAL REVENUE $110,258

Expense Breakdown

Grants Paid $65,700
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,075
Other Expenses $14,375
TOTAL EXPENSES $80,075

Year-over-Year Comparison

2025 2024 Change
Revenue $110,258 $142,087 -0.2%
Expenses $80,075 $81,719 0.0%
Net Income $30,183 $60,368 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eve Lupenko Director 1.00
Director
$0 $0 $0
Marion Voegtlen Director 1.00
Director
$0 $0 $0
Francine Santoro Director 1.00
Director
$0 $0 $0
Michael Israel Director 1.00
Director
$0 $0 $0
Jack Mancusi Director 1.00
Director
$0 $0 $0
Spiro Tsirkas Director 1.00
Director
$0 $0 $0
Charlotte Lowy President 3.00
Officer
$0 $0 $0
Linda Perlman Vice - President 3.00
Officer
$0 $0 $0
Amy Franklin Treasurer 3.00
Officer
$0 $0 $0
Susanne Anderson Secretary 3.00
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 $110,258 $80,075 $1,853,882 $30,183
2024 $142,087 $81,719 $1,939,145 $60,368
2023 $97,807 $75,242 $1,594,988 $22,565
2022 $60,359 $82,542 $1,429,891 $-22,183
2021 $154,804 $62,121 $1,609,941 $92,683
2020 $150,046 $48,209 $1,517,258 $101,837
2019 $181,049 $66,247 $1,415,421 $114,802
2018 $16,498 $68,487 $1,300,619 $-51,989
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