Nonprofit · EIN 65-0319696
FRIENDS OF 440 SCHOLARSHIP FUND INC
Tax-exempt · MIAMI, FL 33156
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $93,710 | $87,444 | $6,266 | $447,917 | $233 | $447,684 |
| March 31, 2024 | 990 | $71,282 | $90,651 | -$19,369 | $471,335 | $233 | $471,102 |
| March 31, 2023 | 990 | $28,690 | $98,246 | -$69,556 | $471,367 | $233 | $471,134 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $17,126
- Program service revenue
- $0
- Investment income
- $51,194
- Net gain from sales of assets
- $38,969
- Net income from fundraising events
- $25,390
- Other revenue
- $25,390
Expenses
- Grants and similar amounts paid
- $28,233
- Other salaries and wages
- $36,000
- Salaries, compensation and benefits (total)
- $38,761
- Professional fundraising fees
- $0
- Accounting fees
- $4,500
- Program services (functional)
- $72,773
- Management and general (functional)
- $14,671
Balance sheet and other
- Total assets, start of year
- $471,335
- Total assets, end of year
- $447,917
- Total liabilities, end of year
- $233
- Net assets, end of year
- $447,684
- Publicly traded securities
- $296,191
- Net assets without donor restrictions
- $447,684
- Gross receipts
- $220,036
- Employees
- 1
- Volunteers
- 10
- Year formed
- 1991
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATT TROY | PRESIDENT Trustee or director, Officer | – | $0 |
| SEAN MCCORMACK | SENIOR V.P. Trustee or director, Officer | – | $0 |
| ANNAMARIE KIM | SECRETARY Trustee or director, Officer | – | $0 |
| ERIN PERDUE | TREASURER Trustee or director, Officer | – | $0 |
| JUDGE RAY HOLLEY | V.P. SCHOLAR Trustee or director, Officer | – | $0 |
| ALAN M KUKER | V.P. EMERITU Trustee or director, Officer | – | $0 |
| CESAR ARMSTRONG | BOARD Trustee or director | – | $0 |
| THOMAS W CONROY | BOARD Trustee or director | – | $0 |
| CHARLES KELLEY | BOARD Trustee or director | – | $0 |
| FRANK CLARK | BOARD Trustee or director | – | $0 |
| ERIC B SANDLER | BOARD Trustee or director | – | $0 |
| R CORY SCHNEPPER | BOARD Trustee or director | – | $0 |
| MAL STEINBERG | BOARD Trustee or director | – | $0 |
| CLIFFORD J MOSKOWITZ | BOARD Trustee or director | – | $0 |
| GRACE MURTADA | BOARD Trustee or director | – | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR ALBERT RAY | BOARD Trustee or director | – | $0 |
| STUART SUSKIN | BOARD Trustee or director | – | $0 |
| PAOLO LONGO JR | BOARD Trustee or director | – | $0 |
| PETER SHAPIRO | BOARD Trustee or director | – | $0 |
| CHRIS PERTUCCELLI | BOARD Trustee or director | – | $0 |
| JEANNE ORPHANIDYS | BOARD Trustee or director | – | $0 |
| ROBERT BAMDAS | BOARD Trustee or director | – | $0 |
| ANDREW REICH | BOARD Trustee or director | – | $0 |
| TOD STUPSKI | BOARD Trustee or director | – | $0 |
| MARY CRUICKSHANK | BOARD Trustee or director | – | $0 |
990 for the year ended March 31, 2024: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CESAR ARMSTRONG | BOARD Trustee or director | – | $0 |
| ROBERT BAMDAS | BOARD Trustee or director | – | $0 |
| FRANK CLARK | BOARD Trustee or director | – | $0 |
| THOMAS W CONROY | BOARD Trustee or director | – | $0 |
| MARY CRUICKSHANK | BOARD Trustee or director | – | $0 |
| JUDGE RAY HOLLEY | VP SCHOLARSH Trustee or director, Officer | – | $0 |
| PAOLO LONGO JR | BOARD Trustee or director | – | $0 |
| CHARLES KELLEY | BOARD Trustee or director | – | $0 |
| ANNAMARIE KIM | SECRETARY Trustee or director, Officer | – | $0 |
| ALAN M KUKER | VP EMERITUS Trustee or director, Officer | – | $0 |
| SEAN MCCORMACK | SENIOR VICE Trustee or director, Officer | – | $0 |
| CLIFFORD J MOSKOWITZ | BOARD Trustee or director | – | $0 |
| GRACE MURTADA | BOARD Trustee or director | – | $0 |
| JEANNE ORPHANIDYS | BOARD Trustee or director | – | $0 |
| ERIN PERDUE | TREASURER Trustee or director, Officer | – | $0 |
| CHRIS PERTUCCELLI | BOARD Trustee or director | – | $0 |
| DR ALBERT RAY | BOARD Trustee or director | – | $0 |
| ANDREW REICH | BOARD Trustee or director | – | $0 |
| ERIC B SANDLER | BOARD Trustee or director | – | $0 |
| R CORY SCHNEPPER | BOARD Trustee or director | – | $0 |
| PETER SHAPIRO | BOARD Trustee or director | – | $0 |
| MAL STEINBERG | BOARD Trustee or director | – | $0 |
| TOD STUPSKI | BOARD Trustee or director | – | $0 |
| STUART SUSKIN | BOARD Trustee or director | – | $0 |
| MATT TROY | PRESIDENT Trustee or director, Officer | – | $0 |
990 for the year ended March 31, 2023: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CESAR ARMSTRONG | BOARD Trustee or director | – | $0 |
| ROBERT BAMDAS | BOARD Trustee or director | – | $0 |
| FRANK CLARK | BOARD Trustee or director | – | $0 |
| THOMAS W CONROY | BOARD Trustee or director | – | $0 |
| JUDGE RAY HOLLEY | VP-SCHOLARSH Trustee or director, Officer | – | $0 |
| ALAN M KUKER | EX-OFFICIO Trustee or director, Officer | – | $0 |
| PAOLO LONGO | BOARD Trustee or director | – | $0 |
| SEAN MCCORMACK | BOARD Trustee or director | – | $0 |
| JEANNA ORPHANIDYS | BOARD Trustee or director | – | $0 |
| CHRIS PERTUCCELLI | BOARD Trustee or director | – | $0 |
| ANDREW REICH | BOARD Trustee or director | – | $0 |
| BARBARA RICHARD | BOARD Trustee or director | – | $0 |
| ERIC B SANDLER | PRESIDENT Trustee or director, Officer | – | $0 |
| R CORY SCHNEPPER | TREASURER Trustee or director, Officer | – | $0 |
| PETER SHAPIRO | BOARD Trustee or director | – | $0 |
| STUART SUSKIN | BOARD Trustee or director | – | $0 |
| MARK A TOUBY | V.P. FUNDRAI Trustee or director, Officer | – | $0 |
| MATTHEW TROY | VICE PRESIDE Trustee or director, Officer | – | $0 |
| GINA VEGA | BOARD Trustee or director | – | $0 |
| PAUL WESTCOTT | BOARD Trustee or director | – | $0 |
| ED WILLIAMSON | BOARD Trustee or director | – | $0 |
| ANNAMARIE KIM | SECRETARY Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 9100 S DADELAND BLVD STE 1600, MIAMI, FL 33156-7817
- Principal officer (990 for 2024)
- MATT TROY, 9130 S DADELAND BLV RM/STE 1209, MIAMI, FL 33156
- Signed the 990
- MATT TROY, PRESIDENT
- Phone
- (305) 423-8710
- Website
- 440SCHOLARSHIP.ORG
- Return prepared by
- KSDT ADVISORS LLC
Mission
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR FINANCIALLY NEEDY DEPENDENTS OF WORKERS WHO HAVE BEEN INJURED IN THE COURSE OF THEIR EMPLOYMENT AND AS A RESULT HAVE RECEIVED WORKERS' COMPENSATION BENEFITS UNDER FLORIDA LAW AND WHO RESIDE, OR WHOSE WORK-RELATED INJURIES OCCURRED IN FLORIDA.
Program accomplishments
- THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR FINANCIALLY NEEDY DEPENDENTS OF WORKERS WHO HAVE BEEN INJURED IN THE COURSE OF THEIR EMPLOYMENT AND AS A RESULT HAVE RECEIVED WORKERS' COMPENSATION BENEFITS UNDER FLORIDA LAW AND WHO RESIDE, OR WHOSE WORK-RELATED INJURIES OCCURRED IN FLORIDA. IN ADDITION, SUCH SCHOLARSHIPS MAY ALSO BE PROVIDED TO FINANCIALLY NEEDY DEPENDENTS OF INDIVIDUALS PRIMARILY ENGAGED IN THE OPERATION OR ADMINISTRATION OF FLORIDA'S WORKERS' COMPENSATION LAWS. THE SCHOLARSHIPS WILL BE AWARDED TO ELIGIBLE INDIVIDUALS WHO LACK THE ECONOMIC ABILITY TO CONTINUE EDUCATION BEYOND HIGH SCHOOL OR TO FURTHER THEIR COLLEGE EDUCATION WITHOUT GREAT FINANCIAL HARDSHIP AND WHO BEST EMBODY THE FOLLOWING CHARACTERISTICS: (I) GOOD CHARACTER AND CITIZENSHIP, (II) THE ACADEMIC ABILITY TO COMPLETE THE INDIVIDUAL'S CONTEMPLATED PROGRAM OF EDUCATION, AND, (III)EXTRACURRICULAR ACTIVITIES, ETC. IN ORDER TO ENSURE THAT NO PART OF THE NET EARNINGS OF THE ORGANIZATION WILL INURE TO THE BENEFIT OF ANY PRIVATE INDIVIDUAL, INDIVIDUALS RELATED BY BLOOD OR MARRIAGE TO ANY MEMBER OF THE BOARD OF TRUSTEES OF FRIENDS OR THE BOARD OF DIRECTORS OF THE ORGANIZATION WILL NOT BE ELIGIBLE TO RECEIVE SCHOLARSHIPS FROM THE ORGANIZATION. SCHOLARSHIP APPLICATION FORMS AND PROCEDURES: THE ORGANIZATION HAS PRESCRIBED A SCHOLARSHIP APPLICATION FORM. THE ORGANIZATION ANTICIPATES RECEIVING ALL SCHOLARSHIP REQUESTS BY FEBRUARY 28 PRECEDING THE ACADEMIC YEAR FOR WHICH THE SCHOLARSHIP IS TO BE AWARDED. IN SELECTING SCHOLARSHIP RECIPIENTS, THE ORGANIZATION MAY REQUIRE A PERSONAL INTERVIEW AND WHATEVER ADDITIONAL INFORMATION THAT THE ORGANIZATION'S BOARD OF DIRECTORS DEEMS HELPFUL TO ITS DECISION. THE SCHOLARSHIPS WILL BE AWARDED NOT LATER THAN JUNE 15TH, PRECEDING THE ACADEMIC YEAR FOR WHICH THE SCHOLARSHIPS ARE TO BE AWARDED. THESE DEADLINES MAY BE EXTENDED OR MODIFIED IF NECESSARY. SCHOLARSHIP AMOUNTS AND USES THE SCHOLARSHIPS WILL BE AWARDED TO FINANCE THE TUITION, FEES, BOOKS, AND LIVING EXPENSES OF A COURSE OF STUDY NOT TO EXCEED 6,000.00 PER INDIVIDUAL, PER ACADEMIC YEAR. THE AMOUNT AWARDED TO AN INDIVIDUAL WILL BE AN AMOUNT SUFFICIENT TO DEFER THE ENTIRE COST OF TUITION, BOOKS, FEES, AND REASONABLE LIVING EXPENSES OF THE RECIPIENT, BUT WILL NOT EXCEED THE MAXIMUM AMOUNT OF SCHOLARSHIP ALLOWABLE. THE SCHOLARSHIPS WILL BE GIFTS AND NOT LOANS. THE SCHOLARSHIP FUNDS CAN BE APPLIED ONLY TO A FULL OR PART-TIME COURSE OF STUDY AT AN EDUCATIONAL OR VOCATIONAL TRAINING INSTITUTION APPROVED BY THE ORGANIZATION AFTER INVESTIGATION OF THE ACADEMIC STANDARDS AND COURSES OF STUDY OFFERED BY SUCH INSTITUTION. THE FUNDS WILL BE PAID DIRECTLY TO THE INSTITUTION FOR THE COST OF THE TUITION AND FEES AND, IF APPLICABLE, ROOM AND BOARD. THE INDIVIDUAL WILL ALSO BE REIMBURSED FOR BOOKS IF INVOICED BY THE INSTITUTION TO THE SCHOLARSHIP FUND. UNDER NO CIRCUMSTANCES WILL PAYMENT FOR THE COST OF TUITION, FEES, BOOKS, AND LIVING EXPENSES EXCEED THE MAXIMUM SCHOLARSHIP AMOUNT FOR ANY ACADEMIC YEAR. MONITORING OF SCHOLARSHIPS SINCE THE SCHOLARSHIP IS GENERALLY TO BE AWARDED ANNUALLY, INDIVIDUALS WILL HAVE TO REAPPLY FOR EACH ACADEMIC YEAR FOR WHICH A SCHOLARSHIP IS NEEDED AND WILL BE REQUIRED TO FURNISH ALL INFORMATION REQUESTED BY THE ORGANIZATION WITH RESPECT TO THE INDIVIDUAL'S PERFORMANCE IN ACCORDANCE WITH THE TERMS OF THE SCHOLARSHIP. PRIMARY CONSIDERATION WILL BE GIVEN TO A FORMER RECIPIENT'S APPLICATION SO THAT THE FORMER RECIPIENT, IF STILL EVIDENCING INSUFFICIENCY OF FUNDS TO PURSUE HIGHER EDUCATION WITHOUT FINANACIAL ASSISTANCE, WILL BE ABLE TO COMPLETE THE SELECTED COURSE OF STUDY. THE ORGANIZATION'S BOARD OF DIRECTORS IN ITS DISCRETION MAY AWARD FULL OR PARTIAL SCHOLARSHIPS, MAY INCREASE OR DECREASE THE MAXIMUM SCHOLARSHIP AMOUNT FOR ONE OR MORE RECIPIENTS, AND MAY AWARD ONE OR MORE MULTI-YEAR SCHOLARSHIPS TO ENABLE THE APPLICANT TO COMPLETE THE ENTIRE COURSE OF STUDY WITHOUT REAPPLYING. THE ACADEMIC PROGRESS OF EACH INDIVIDUAL WILL BE MONITORED. EACH INDIVIDUAL WILL THEREFORE BE REQUIRED TO KEEP THE ORGANIZAION INFORMED OF THE INDIVIDUAL'S ACADEMIC PROGRESS BY PROVIDING A TRANSCRIPT OF THE INDIVIDUAL'S ACADEMIC RECORDS AS AND WHEN AVAILABLE. AN INFORMATIONAL FORM MAY BE USED FOR THIS ACADEMIC PROGRESS AT ANY TIME SUBSEQUENT TO THE AWARD OF A SCHOLARSHIP. THE AMOUNT OF DURATION OF A SCHOLARSHIP MAY BE ADJUSTED DUE TO CHANGE IN CIRCUMSTANCES. DISCONTINUANCE OF SCHOLARSHIP IF AN INDIVIDUAL DISCONTINUES THE COURSE OF STUDY FOR WHICH A SCHOLARSHIP WAS AWARDED OR OTHERWISE IS NOT MAKING SATISFACTORY PROGRESS TOWARDS COMPLETION OF SUCH COURSE OF STUDY, OR IF THE INDIVIDUAL HAS ENGAGED IN CONDUCT INCONSISTENT WITH THE GOOD CITIZENSHIP CRITERIA FOR THE AWARD OF A SCHOLARSHIP, THE ORGANIZATION'S BOARD OF DIRECTORS IN ITS DISCRETION MAY TERMINATE THE SCHOLARSHIP AND CAUSE THE INDIVIDUAL TO RETURN ANY REFUNDABLE TUITION FEES AND OTHER UNEXPENDED EXPENSES FOR WHICH SCHOLARSHIP FUNDS HAVE BEEN DISTRIBUTED. 21 INDIVIDUALS WERE GRANTED SCHOLARSHIPS FOR THE FISCAL YEAR ENDING MARCH 31, 2024.Expenses $28,233 · grants $28,233
- SEE SCHEDULE O EXEMPT PURPOSE ACCOMPLISHMENTExpenses $44,540
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 65-0319696
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $447,917
- Income (IRS master file)
- $220,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $93,710 | $87,444 | $447,917 | XML |
| 990 | March 2024 | $71,282 | $90,651 | $471,335 | XML |
| 990 | March 2023 | $28,690 | $98,246 | $471,367 | XML |
| 990 | March 2022 | $59,521 | $99,961 | $568,649 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 65-0319696).
Questions about FRIENDS OF 440 SCHOLARSHIP FUND INC
- What is the EIN of FRIENDS OF 440 SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of FRIENDS OF 440 SCHOLARSHIP FUND INC is 65-0319696.
- Is FRIENDS OF 440 SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to FRIENDS OF 440 SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF 440 SCHOLARSHIP FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF 440 SCHOLARSHIP FUND INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF 440 SCHOLARSHIP FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of FRIENDS OF 440 SCHOLARSHIP FUND INC?
- The 990 for the year ended March 31, 2025 names MATT TROY.
- Who are the officers and directors of FRIENDS OF 440 SCHOLARSHIP FUND INC?
- The 990 for the year ended March 31, 2025 lists 25 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF 440 SCHOLARSHIP FUND INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $93,710, expenses of $87,444 and total assets of $447,917 at year end.
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