Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404

Red Bank, NJ
Tax-exempt since Jan. 2000
EIN: 23-7790152

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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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$248k (2024)

Expenses

$102k (2024)

Total Assets

$1.2M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Years with multiple filings

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

$248,018

Expenses

$102,344

Net Income

$145,674

Net Assets

$1,198,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$47,205	19.0%
Sales of Assets	$200,813	81.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,479	73.8%
Compensation of Officers*	$23,275	22.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,198,073
Total Liabilities	$0
Net Assets	$1,198,073

Compensation

Key Employees and Officers	Compensation	Other
Oceanfirst Bank Na (Trustee)	$23,275	$0
Douglas K Walker Esq (Trustee)	$0	$0

990-PF

Filed on May 13, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$48,114

Expenses

$99,672

Net Income

-$51,558

Net Assets

$1,052,400

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$48,114	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,492	78.8%
Compensation of Officers*	$15,749	15.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,052,400
Total Liabilities	$0
Net Assets	$1,052,400

Compensation

Key Employees and Officers	Compensation	Other
Oceanfirst Bank Na (Trustee)	$15,749	$0
Douglas K Walker Esq (Trustee)	$0	$0

990-PF

Filed on May 2, 2024

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$41,655

Expenses

$121,057

Net Income

-$79,402

Net Assets

$1,103,958

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$41,649	100.0%
Sales of Assets	$6	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,977	69.4%
Compensation of Officers*	$34,348	28.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,103,958
Total Liabilities	$0
Net Assets	$1,103,958

Compensation

Key Employees and Officers	Compensation	Other
Oceanfirst Bank Na (Trustee)	$22,556	$0
Douglas K Walker Esq (Trustee)	$11,792	$0

990-PF

Filed on Nov. 1, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$137,063

Expenses

$128,803

Net Income

$8,260

Net Assets

$1,183,361

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$33,131	24.2%
Sales of Assets	$103,932	75.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$76,707	59.6%
Compensation of Officers*	$14,770	11.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,183,361
Total Liabilities	$0
Net Assets	$1,183,361

Compensation

Key Employees and Officers	Compensation	Other
Douglas K Walker Esq (Trustee)	$9,776	$0
Oceanfirst Bank Na (Trustee)	$4,994	$0

990-PF

Filed on Aug. 25, 2022

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

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PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$13,568

Expenses

$82,346

Net Income

-$68,778

Net Assets

$1,175,100

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$192	1.4%
Dividends	$43,581	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,716	71.3%
Compensation of Officers*	$13,137	16.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,175,101
Total Liabilities	$1
Net Assets	$1,175,100

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank Na (Trustee)	$13,137	$0

990-PF

Filed on July 29, 2021

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

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PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$88,549

Expenses

$98,295

Net Income

-$9,746

Net Assets

$1,243,010

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$49,437	55.8%
Sales of Assets	$38,044	43.0%
Other Income	$1,068	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$78,566	79.9%
Compensation of Officers*	$27,620	28.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,243,011
Total Liabilities	$1
Net Assets	$1,243,010

Compensation

Key Employees and Officers	Compensation	Other
William J Hughes (Co Trustee)	$14,390	$0
Wells Fargo Bank N A (Co Trustee)	$13,230	$0

990-PF

Filed on July 7, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$51,235

Expenses

$98,352

Net Income

-$47,117

Net Assets

$1,264,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$47,119	92.0%
Sales of Assets	$3,192	6.2%
Other Income	$924	1.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$80,730	82.1%
Compensation of Officers*	$26,189	26.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,264,113
Total Liabilities	$0
Net Assets	$1,264,113

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank Na (Co Trustee)	$13,095	$0
William J Hughes (Co Trustee)	$13,094	$0

990-PF

Filed on May 8, 2018

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

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PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$58,930

Expenses

$104,104

Net Income

-$45,174

Net Assets

$1,311,923

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$47,173	80.0%
Sales of Assets	$11,310	19.2%
Other Income	$447	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$88,040	84.6%
Compensation of Officers*	$24,858	23.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,311,923
Total Liabilities	$0
Net Assets	$1,311,923

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank Na (Co Trustee)	$12,429	$0
William J Hughes (Co Trustee)	$12,429	$0

990-PF

Filed on May 9, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$57,615

Expenses

$119,553

Net Income

-$61,938

Net Assets

$1,359,196

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$45,116	78.3%
Sales of Assets	$10,811	18.8%
Other Income	$1,688	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,298	83.9%
Compensation of Officers*	$26,178	21.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,359,196
Total Liabilities	$0
Net Assets	$1,359,196

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank Na (Co Trustee)	$13,089	$0
William J Hughes (Co Trustee)	$13,089	$0

990-PF

Filed on May 12, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$44,671

Expenses

$62,187

Net Income

-$17,516

Net Assets

$1,418,896

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$28,195	63.1%
Sales of Assets	$15,608	34.9%
Other Income	$868	1.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,099	85.4%
Compensation of Officers*	$11,479	18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,418,896
Total Liabilities	$0
Net Assets	$1,418,896

990-PF

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

PDF

Fiscal Year Ending July
2014

Revenue

$104,467

Expenses

$121,616

Net Income

-$17,149

Net Assets

$1,438,143

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$48,258	46.2%
Sales of Assets	$55,373	53.0%
Other Income	$836	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,817	84.5%
Compensation of Officers*	$26,593	21.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,438,143
Total Liabilities	$0
Net Assets	$1,438,143

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank Na (Co Trustee)	$13,297	$0
William J Hughes (Co Trustee)	$13,296	$0

990-PF

Filed on Dec. 12, 2014

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

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Fiscal Year Ending July
2013

Revenue

$71,484

Expenses

$111,337

Net Income

-$39,853

Net Assets

$1,455,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$50,251	70.3%
Sales of Assets	$21,233	29.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$91,791	82.4%
Compensation of Officers*	$25,042	22.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,455,289
Total Liabilities	$1
Net Assets	$1,455,288

990-PF

Filed on Dec. 16, 2013

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

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Schedules ▼

PDF XML

Fiscal Year Ending July
2012

Revenue

$98,734

Expenses

$108,385

Net Income

-$9,651

Net Assets

$1,495,222

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$66,825	67.7%
Sales of Assets	$31,909	32.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$89,495	82.6%
Compensation of Officers*	$26,402	24.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,495,223
Total Liabilities	$1
Net Assets	$1,495,222

990-PF

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

PDF

Fiscal Year Ending July
2011

Revenue

$90,591

Expenses

$120,275

Net Income

-$29,684

Net Assets

$1,504,662

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$60,351	66.6%
Sales of Assets	$27,446	30.3%
Other Income	$2,794	3.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,901	84.7%
Compensation of Officers*	$26,281	21.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,504,662
Total Liabilities	$0
Net Assets	$1,504,662

990-PF

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

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

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated March 23, 2026

Cecelia Hand Nelson & Morgan Hand Ii Memorial Scholarship 1513850404

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $248k (2024)

Expenses $102k (2024)

Total Assets $1.2M (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

No Extracted Financial Data

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

Document Links

990-PF

Fiscal Year Ending July 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2013

Extracted Financial Data

Revenue

$248k (2024)

Expenses

$102k (2024)

Total Assets

$1.2M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending July
2014

Fiscal Year Ending July
2013

Fiscal Year Ending July
2012

Fiscal Year Ending July
2011

Fiscal Year Ending July
2010

Fiscal Year Ending July
2009

Fiscal Year Ending July
2008

Fiscal Year Ending July
2007

Fiscal Year Ending July
2006

Fiscal Year Ending July
2005

Fiscal Year Ending July
2004

Fiscal Year Ending July
2003

Fiscal Year Ending July
2002