The Angelo Brothers Company Founders Scholarship Foundation

Philadelphia, PA
Tax-exempt since Jan. 1996
EIN: 23-2825756

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$72.7k (2024)

Expenses

$7.5k (2024)

Total Assets

$659k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$72,685

Expenses

$7,500

Net Income

$65,185

Net Assets

$658,629

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,425	22.6%
Sales of Assets	$56,260	77.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,500	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$658,629
Total Liabilities	$0
Net Assets	$658,629

Compensation

Key Employees and Officers	Compensation	Other
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on Nov. 16, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$58,890

Expenses

$10,000

Net Income

$48,890

Net Assets

$593,444

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,157	20.6%
Sales of Assets	$46,733	79.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,000	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$593,444
Total Liabilities	$0
Net Assets	$593,444

Compensation

Key Employees and Officers	Compensation	Other
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$51,073

Expenses

$10,000

Net Income

$41,073

Net Assets

$544,554

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,113	19.8%
Sales of Assets	$40,960	80.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,000	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$544,554
Total Liabilities	$0
Net Assets	$544,554

Compensation

Key Employees and Officers	Compensation	Other
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$76,275

Expenses

$20,000

Net Income

$56,275

Net Assets

$503,481

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,142	10.7%
Sales of Assets	$68,133	89.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$503,481
Total Liabilities	$0
Net Assets	$503,481

Compensation

Key Employees and Officers	Compensation	Other
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$57,528

Expenses

$20,000

Net Income

$37,528

Net Assets

$447,205

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,599	14.9%
Sales of Assets	$48,929	85.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$447,206
Total Liabilities	$1
Net Assets	$447,205

Compensation

Key Employees and Officers	Compensation	Other
Stanley Angelo (Trustee)	$0	$0
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$55,016

Expenses

$25,000

Net Income

$30,016

Net Assets

$409,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,431	19.0%
Sales of Assets	$44,585	81.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$409,678
Total Liabilities	$1
Net Assets	$409,677

Compensation

Key Employees and Officers	Compensation	Other
Stanley Angelo (Trustee)	$0	$0
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$54,859

Expenses

$25,000

Net Income

$29,859

Net Assets

$379,662

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$9,754	17.8%
Sales of Assets	$45,105	82.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$379,662
Total Liabilities	$0
Net Assets	$379,662

Compensation

Key Employees and Officers	Compensation	Other
Stanley Angelo (Trustee)	$0	$0
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$38,509

Expenses

$25,000

Net Income

$13,509

Net Assets

$349,803

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,706	22.6%
Sales of Assets	$29,803	77.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$349,803
Total Liabilities	$0
Net Assets	$349,803

Compensation

Key Employees and Officers	Compensation	Other
Stanley Angelo (Trustee)	$0	$0
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on May 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$35,703

Expenses

$12,500

Net Income

$23,203

Net Assets

$336,294

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,804	24.7%
Sales of Assets	$26,899	75.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,500	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$336,294
Total Liabilities	$0
Net Assets	$336,294

Compensation

Key Employees and Officers	Compensation	Other
Stanley Angelo (Trustee)	$0	$0
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on March 11, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$34,478

Expenses

$17,069

Net Income

$17,409

Net Assets

$313,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,805	22.6%
Sales of Assets	$26,673	77.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,250	95.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$313,091
Total Liabilities	$0
Net Assets	$313,091

Compensation

Key Employees and Officers	Compensation	Other
Stanley Angelo (Trustee)	$0	$0
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on Aug. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$40,961

Expenses

$20,000

Net Income

$20,961

Net Assets

$294,432

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,009	19.6%
Sales of Assets	$32,952	80.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$294,432
Total Liabilities	$0
Net Assets	$294,432

Compensation

Key Employees and Officers	Compensation	Other
Stanley Angelo (Trustee)	$0	$0
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on June 8, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$24,162

Expenses

$27,500

Net Income

-$3,338

Net Assets

$273,471

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,826	28.3%
Sales of Assets	$17,336	71.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,500	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$273,471
Total Liabilities	$0
Net Assets	$273,471

Compensation

Key Employees and Officers	Compensation	Other
Stanley Angelo (Trustee)	$0	$0
Raymond Angelo (Trustee)	$0	$0
John Angelo (Trustee)	$0	$0

990-PF

Filed on June 26, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$12,946

Expenses

$23,281

Net Income

-$10,335

Net Assets

$272,279

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$193	1.5%
Interest Revenue	$0
Dividends	$7,468	57.7%
Sales of Assets	$5,285	40.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,214	99.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$272,279
Total Liabilities	$0
Net Assets	$272,279

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$6,596

Expenses

$28,750

Net Income

-$22,154

Net Assets

$282,614

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,151	47.8%
Sales of Assets	$3,445	52.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,750	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$282,614
Total Liabilities	$0
Net Assets	$282,614

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Updated January 26, 2026

The Angelo Brothers Company Founders Scholarship Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $72.7k (2024)

Expenses $7.5k (2024)

Total Assets $659k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$72.7k (2024)

Expenses

$7.5k (2024)

Total Assets

$659k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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