- Revenue 2025
- $177,504
- Expenses 2025
- $175,675
Program services were 79.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- B12
- Classification
- 1200
- Street
- 74 PARK TER
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2025
Mission
THE MISSION OF THE FOUNDATION IS TO PROMOTE HIGHER EDUCATION TO LOCAL STUDENTS BY PROVIDING SCHOLARSHIPS TO THOSE WHO MEET CERTAIN CRITERIA
Activities or mission (Part I)
FINANCIALLY ASSIST STUDENTS IN OBTAINING A COLLEGE EDUCATION
-
THE MISSION OF THE FOUNDATION IS TO PROMOTE HIGHER EDUCATION TO LOCAL STUDENTS BY PROVIDING SCHOLARSHIPS TO THOSE WHO MEET CERTAIN CRITERIA
Expenses $140,074 · Grants $126,250
As filed on the 2025 return.
Officers and directors · 2025
As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Lavaughn StarksLAVAUGHN STARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Tacaria JonesTACARIA JONES
COMMITTEE MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Clothilde HollisCLOTHILDE HOLLIS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Ottis J AndersonOTTIS J ANDERSON
PRESIDENT
- Total calculated
- $12,000
- From this org
- $12,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Marc GoldbergMARC GOLDBERG
TREASURER
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.
Filings
-
2025
- Revenue
- $177,504
- Expenses
- $175,675
- Contributions
- $262,976
- Grants paid
- $126,250
-
2024
- Revenue
- $137,743
- Expenses
- $159,071
- Contributions
- $207,669
- Grants paid
- $118,700
-
2023
- Revenue
- $191,208
- Expenses
- $132,112
- Contributions
- $188,676
- Grants paid
- $86,500
-
2022
- Revenue
- $97,922
- Expenses
- $92,247
- Contributions
- $92,298
- Grants paid
- $53,250
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $54,021
- Expenses
- $70,501
- Assets (EOY)
- $31,459
-
2020 · 990
- Revenue
- $69,651
- Expenses
- $77,985
- Assets (EOY)
- $47,939
-
2019 · 990
- Revenue
- $123,265
- Expenses
- $111,954
- Assets (EOY)
- $56,273
-
2018 · 990-EZ
- Revenue
- $25,731
- Expenses
- $40,869
- Assets (EOY)
- $11,443
-
2017 · 990-EZ
- Revenue
- $37,421
- Expenses
- $10,840
- Assets (EOY)
- $26,581
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Grants made
-
$12,500
2023 MUSIC INTRUMENTS AND EDUCATION
-
NEW JERSEY INSTITUTE OF TECHNOLOGY
$8,500
2024 SCHOLARSHIP FBO
-
THE COLLEGE OF NEW JERSEY
$8,500
2024 SCHOLARSHIP FBO
-
FLORIDA AGRICULTURAL & MECHANICAL UNIV
$8,000
2024 SCHOLARSHIP FBO
-
THE ERIK MURDOCK FOUNDATION
$7,500
2024 DONATION
-
ERIC B MUSIC FOUNDATION
$7,500
2024 DONATION
-
MONTCLAIR STATE UNIVERSITY
$7,500
2023 SCHOLARSHIP FBO
-
RUTGERS UNIVERSITY
$5,200
2024 SCHOLARSHIP FBO
-
SETON HALL
$5,200
2024 SCHOLARSHIP FBO
-
AUBURN UNIVERSITY
$0
2025 SCHOLARSHIP FBO
The 10 largest by cash amount. The API serves every itemized grant.
Grants received
-
2024 ORGANIZES FUNDRAISERS AND COMMUNITY-BUILDING EVENTS TO FOCUS ON HELPING IMPOVERISHED AND UNDERPRIVILEGED COMMUNITIES.
-
2023 ORGANIZES FUNDRAISERS AND COMMUNITY-BUILDING EVENTS TO FOCUS ON HELPING IMPOVERISHED AND UNDERPRIVILEGED COMMUNITIES.
-
2022 ORGANIZES FUNDRAISERS AND COMMUNITY-BUILDING EVENTS TO FOCUS ON HELPING IMPOVERISHED AND UNDERPRIVILEGED COMMUNITIES.
-
2024 EDUCATION
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.