Nonprofit · EIN 20-2085974
ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND
Tax-exempt · RANDOLPH, NJ 07869
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,022 | $7,513 | -$491 | $6,765 | $0 | $6,765 |
| December 31, 2023 | 990 | $6,774 | $6,407 | $367 | $7,256 | $0 | $7,256 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,022
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,513
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $7,513
Balance sheet and other
- Total assets, start of year
- $7,256
- Total assets, end of year
- $6,765
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,765
- Gross receipts
- $7,022
- Employees
- 0
- Year formed
- 2005
- State of legal domicile
- NJ
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROMULO M RICAFRANCA | SECRETARY Officer | 10 | $0 |
| DELIA R VINCE-CRUZ | PRESIDENT Officer | 4 | $0 |
| MONICA LIGAYA C RICAFRANCA | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MONICA LIGAYA C RICAFRANCA | TREASURER Officer | 1 | $0 |
| DELIA R VINCE-CRUZ | PRESIDENT Officer | 4 | $0 |
| ROMULO M RICAFRANCA | SECRETARY Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 69 LONGVIEW AVE, RANDOLPH, NJ 07869-3008
- In care of
- % DELIA VINCE-CRUZ
- Principal officer (990 for 2024)
- MONICA LIGAYA C RICAFRANCA, 6952 INDIANA STREET, BUENA PARK, CA 90621
- Signed the 990
- DELIA VINCE-CRUZ, PRESIDENT
- Phone
- (714) 994-3609
- Return prepared by
- EXPRESS TAXHELP
Mission
SCHOLARSHIPS FOR ECONOMICALLY POOR STUDENTS BELONGING TO THE LOWER FIVE PERCENT OF THE PHILIPPINE SOCIETY VIA TUITION AND MISCELLANEOUS GRANTS
Program accomplishments
- THE FOUNDATION DID NOT RENEW MEMORANDUM OF AGREEMENTS (MOA) BETWEEN THE FOUNDATION AND EULOGIO AMANG RODRIGUEZ INSTITUTE OF SCIENCE AND TECHNOLOGY (EARIST)AND INDIVIDUAL GRANTEES. ONE INSTITUTION TRYING TO APPLY FOR A MOA IS THE COLLEGIO DE MANILA. GRANTS FOR POLITECHNIC UNIVERSITY OF THE PHILIPPINES (PUP) AND RIZAL TECHNOLOGICAL UNIVERSITY (RTU)WERE DIRECTLY DIVERTED TO STUDENTS AS THE INSTITUTIONS WANT TO BE PAID FOR ANY SCHOLARSHIP ASSISTANCE GIVEN TO THEIR STUDENTS.A TOTAL OF 69 SCHOLARSHIP GRANTS PER SEMESTER (THERE ARE TWO SEMESTERS PER SCHOOL YEAR) WERE AWARDED OR A TOTAL OF 138 FOR THE YEAR 2018.IN ADDITIONAL THESIS AND ON-THE-JOB EXPENSES WERE AWARDED TO GRADUATING SCHOLARS REQUESTING ASSISTANCE. UNDER THE MEMORANDUM OF AGREEMENTS WITH HOST STATE UNIVERSITIES, IT IS CLEARLY STATED THAT THE SCHOLARSHIP GRANTS ARE FOR POOR BUT DESERVING STUDENTS WHO COULD HARDLY AFFORD TO PAY TUITION AND MISCELLANEOUS FEES.MOREOVER, GRADUATING STUDENTS WHO COULD NOT AFFORD TUITION FOR REVIEW CLASSES WERE GIVEN SCHOLARSHIPS FOR THEM TO PASS GOVERNMENT LICENSURE EXAMINATIONS. SO FAR SOME STUDENTS WERE ABLE TO MAKE IT TO BECOME BOARD TOPNOCHERS.POOR STUDENTS DESIRING TO APPLY FOR SCHOLARSHIPS MUST PRESENT LOCAL CLEARANCES FROM LOCAL GOVERNMENTAL UNITS CALLED BARANGAYS STATING THAT THEY BELONG TO THE LOWEST LEVEL OF THE POVERTY LEVEL SET BY THE GOVERNMENT. NORMALLY THE UNIVERSITY RECOMMENDS NAMES OF STUDENTS TO BE AWARDED SCHOLARSHIPS BASED ON THE MEMORANDUM OF AGREEMENTS. NOW THE FOUNDATION CHECKS THE ECONOMIC STATUS OF THE STUDENTS BY VISITING THEIR STATED HOMES. TO COUNTER CHECK THE ECONOMIC STATUS OF THE INDIVIDUAL APPLICANTS, THE FOUNDATION INTERVIEWS THE PARENTS OF THE APPLICANTS TO FIND OUT MORE ABOUT THEIR SOURCES OF INCOME AND HOW THEY COULD AFFORD TO SURVIVE THE POVERTY LEVEL OF LIVELIHOOD.A FINAL LIST IS DONE BY THE FOUNDATION FOR FUNDINGS. IF THERE IS A DELAY IN SUPPLYING THE FOUNDATION OF THE NAMES OF STUDENT APPLICANTS APPROVED BY THEM, THE FOUNDATION REQUESTS THE STUDENT APPLICANTS TO PAY FIRST THEIR TUITIONS AND MISCELLANEOUS FEES BY BORROWING FROM RELATIVES. THE FOUNDATION THEN REIMBURSES THE STUDENTS EITHER DIRECTLY OR THROUGH THE UNIVERSITY ACCOUNTING OFFICES IN CHARGE OF SCHOLARSHIPS.THE OPERATION OF THE FOUNDATION IS HAMPERED BY LACK OF FUNDS TO SUPPORT SO MUCH GRANTS FROM INDIVIDUAL APPLICANTS. THEREFORE THE OFFICERS OF THE FOUNDATION WHO ARE DESCENDANTS OF THE NAME OF THE FOUNDATION ITSELF DECIDED TO CHIP IN THE DIFFERENCE TO MAKE ALL THE PROJECTS PUSH THROUGH. THE FOUNDATION INTENDS TO AWARD MORE SCHOLARSHIP GRANTS TO OTHER DESERVING STATE UNIVERSITIES WHERE THE ENROLLMENT HAS BEEN GOING DOWN BECAUSE THE COST OF LIVING OF THE SOCIETY HAS BEEN GOING UP, AND STUDENTS COULD NOT AFFORD TO BE EDUCATED ANYMORE.THE FOUNDATION STRATEGY IN ASSISTING POOR STUDENTS TO FINISH COLLEGIATE LEVEL IS BASED ON THE LOGIC THAT THE PHILIPPINE ECONOMY AT PRESENT IS HEAVILY ANCHORED ON REMITTANCES FROM THEIR OVERSEAS FILIPINO WORKERS. FOR A FILIPINO TO BE ABLE TO WORK OVERSEAS, THE PHILIPPINES REQUIRE THAT THE WORKERS BE EDUCATED EITHER THROUGH COLLEGIATE DEGREES OR THROUGH TRADE SKILLS. WITH NO EDUCATION, A POOR STUDENT HAS NO HOPE TO HAVE HIS LIFE CHANGED.THE DOLLAR REMITTANCES OF THESE WORKERS SENT FROM ABROAD STABILIZE THE ECONOMY OF THE PHILIPPINES AND THE COUNTRY NOW IS CONSIDERED ONE OF THE FEW FAR EASTERN COUNTRIES WITH A VERY STABLE ECONOMY WITH HUGE DOLLAR RESERVES FROM REMITTANCES. WHILE AT PRESENT THERE ARE FEWER NEW APPLICANTS, THE FOUNDATION INTENDS TO EXPAND TO THE POOR PROVINCES ALL OVER THE COUNTRY. THE FOUNDATION ALSO NOTED THAT SOME STATE UNIVERSITIES HAVE VERY HIGH TUITION AND MISCELLANEOUS FEES FOR SOME COURSES WHICH ARE IN DEMAND ABROAD MOST SPECIFICALLY THE UNITED STATES SUCH AS NURSING AND MEDICAL RELATED FIELDS, AND ENGINEERING. ON CASE TO CASE BASIS THE FOUNDATION ASSIST STUDENTS OBTAIN HIGH GRANT OF FEES TO ASSIST THEM ON THEIR CHOSEN FIELDS.THE FOUNDATION HOPES THAT WITH PROJECTS THAT DIG DEEP INTO THE ECONOMY OF THE HOST PHILIPPINES, THE MEMORY OF ATTY PEDRO D RICAFRANCA SR, WHO SERVED VALIANTLY AS ARTILERY COMMANDER UNDER THE UNITED STATES ARMED FORCES IN THE FAR EAST DURING THE SECOND WORLD WAR, AND WHO WAS ONE OF THE SURVIVORS OF THE PHILIPPINE INFAMOUS DEATH MARCH WHERE THOUSANDS OF AMERICANS DIED OF EXTREME EXHAUSTION AND HUNGER, SHALL BE PROPAGATED IN THE COUNTRY WHERE HE WAS BORN AND RAISED AND NURTURED HIM TO BE A VALIANT SERVANT OF THE UNITED STATES OF AMERICA.IT IS NOTED THAT WHEN HE DIED LAST JULY 31, 2004, HE WAS GIVEN A FULL MILITARY HONORS BY THE UNITED STATES ARMY.THE FOUNDATION, SUBSISTING ON DONATIONS FROM ITS FRIENDS, HAS BEEN AFFECTED BY THE TREMENDOUS 2008 MELT DOWN OF THE ECONOMY OF THE HOST COUNTRY, USA. FOR THIS REASON, AND WITH DWINDLING DONATIONS COMING IN, THE FOUNDATIONS SCHOLARSHIP GRANTS HAVE BEEN CUT DOWN TO ACCOMMODATE ONLY FEW SCHOLARS FOR SCHOOL YEAR 2015. DISMAL DONATIONS IN 2011 HAS FORCED THE FOUNDATION TO CUT SERVICES TOO, EXCEPT FOR GRADUATING SCHOLARS. MOST FUNDS NEEDED HAVE BEEN CHIPPED IN BY THE DESCENDANTS WHO MANAGE THE FOUNDATION.SO FAR ONLY $13,928 IN 2015 TAX YEAR POURED IN. SUCH AMOUNT WAS BARELY SUFFICIENT TO CONTINUE THE SCHOLARSHIPS THROUGH 2016. THE FOUNDATION RECEIVES CASH DONATIONS IN $5, $10 AND RARELY $20. BECAUSE OF THE CONTINUING ECONOMIC MELTDOWN IN 2011, ONLY 134 DONORS WERE RECORDED. FOR THE YEAR 2016 THE FOUNDATION EXPECTS MORE THAN 300 DONORS ASSUMING THAT THE ECONOMY WILL BECOME VERY ROBUST COME MIDYEAR 2016.WHILE THERE ARE QUESTIONS ABOUT THE BENEFITS OF THE SCHOLARSHIPS AWARDED IN THE PHILIPPINES FOR THE UNITED STATES ECONOMY, IT IS NOTED THAT A LOT OF GRANTEES OF THE FOUNDATION WERE ABLE TO MAKE IT TO THE UNITED STATES WITH WORKERS VISA. FOR THIS REASON, THE FOUNDATION WILL RESEARCH WHICH COURSES IT WILL SUPPORT AND WHICH WOULD GIVE THE STUDENT GRANTEES THE CHANCE TO OBTAIN WORKERS VISAS TOWARDS WORKING IN THE UNITED STATES.SO FAR, THE FOUNDATION IS OPEN TO ALL COURSES BELIEVING THAT ALL COURSES OFFERED IN THE PHILIPPINES COULD BE THE STUDENT PASSPORTS TOWARDS WORKING IN THE UNITED STATES. WITH THE EXPERTISE OBTAINED BY THE STUDENT GRANTEES IN THE PHILIPPINES, THEIR WORK IN THE UNITED STATES WILL DEFINITELY ADD TO THE US ECONOMY. SHOULD THERE BE MORE DONORS, THE FOUNDATION EXPECTS TO AWARD PROFESSORIAL CHAIRS TO THE STATE UNIVERSITIES IT MAY SUPPORT. THESE CHAIRS WILL ASSIST THE FOUNDATION SCHOLARS TO EXCEL IN THEIR LINES OF CHOSEN PROFESSION.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2085974
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $6,765
- Income (IRS master file)
- $7,022
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,022 | $7,513 | $6,765 | XML |
| 990 | December 2023 | $6,774 | $6,407 | $7,256 | XML |
| 990 | December 2022 | $6,432 | $6,851 | $6,889 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 20-2085974).
Questions about ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND
- What is the EIN of ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND?
- The employer identification number (EIN) of ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND is 20-2085974.
- Is ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2024 names MONICA LIGAYA C RICAFRANCA.
- Who are the officers and directors of ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does ATTY PEDRO D RICAFRANCA SR MEMORIAL SCHOLARSHIP FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,022, expenses of $7,513 and total assets of $6,765 at year end.
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