CAPTAIN CONNOR J BEDNARZYK USA MEMORIAL FUND

EIN: 842219594 501(c)(3) Public & Societal Benefit

Doylestown, PA

Total Revenue
$88,297
Total Expenses
$102,545
Total Assets
$36,720
Net Assets
$36,720
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
PA
Principal Officer
Thomas Corrigan
Phone
2158508791
Tax Period
2022-01-01 to 2022-12-31

CAPTAIN CONNOR J BEDNARZYK USA MEMORIAL FUND, founded in 2019, is a micro nonprofit in the Public & Societal Benefit sector that reported $88K in total revenue in fiscal year 2022. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $103K exceeded revenue, resulting in a 16% operating deficit.

Mission

CPT Connor J Bednarzyk, USA, Memorial Fund is a nonprofit charitable organization that strengthens the community through its social engagement, education, and fundraising. Our focus is to encourage and assist individuals including, but not limited to, those who will serve, are serving, or have served our Country by enlisting in the Armed Forces of the United States while also aiming to motivate and instill leadership qualities in those same individuals in the memory of Connor J. Bednarzyk. The purposes of the foundation will include the implementation of programs, projects, and strategies to provide high school scholarships, grants to other nonprofit corporations aiding veterans with PTSD, and offer support to those participating in Ranger Training Phases.

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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 (2022)

Revenue Breakdown

Contributions & Grants $88,297
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $88,297

Expense Breakdown

Grants Paid $63,811
Salaries & Benefits $0
Fundraising Expenses $38,734
Program Expenses $63,811
Other Expenses $38,734
TOTAL EXPENSES $102,545

Year-over-Year Comparison

2022 2021 Change
Revenue $88,297 $45,000 +1.0%
Expenses $102,545 $25,250 +3.1%
Net Income $-14,248 $19,750 -1.7%
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
5
Independent Members
5
Employees
N/A
Volunteers
25

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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Corrigan President 2
Officer Director
$0 $0 $0
Kevin Bednarzyk Vice President 2
Officer Director
$0 $0 $0
Erich Schmidt Treasurer 2
Officer Director
$0 $0 $0
Kenny B Bauer Secretary 2
Officer Director
$0 $0 $0
Matthew Corrigan Member 2
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
2022 $88,297 $102,545 $36,720 $-14,248
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