Civic Intelligence

Brunswick Area Student Aid Fund

990 • Fiscal year 2013 • EIN 01-6014861

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 24, 2013

Organization ProfileSTUDENTAIDFUND.ORG
PO Box 867Brunswick, ME 04011
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

97th percentile

134%

Faster asset growth than 97% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

97th percentile

259%

Faster revenue growth than 97% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$3,756,183

Up $2,151,176 (+134%) from 2012

Net Assets

Up

$3,756,183

Up $2,151,176 (+134%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin98th percentile

Revenue

$2,324,255

No earlier filing loaded for comparison.

Expenses

Up

$263,288

Up $27,400 (+12%) from 2012

Net Income

$2,060,967

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $1,586,508Liabilities 2011: $0Net Assets 2011: $1,586,5082011Assets 2012: $1,605,007Liabilities 2012: $0Net Assets 2012: $1,605,0072012Assets 2013: $3,756,183Liabilities 2013: $0Net Assets 2013: $3,756,1832013Assets 2014: $4,306,281Liabilities 2014: $0Net Assets 2014: $4,306,2812014Assets 2015: $4,480,910Liabilities 2015: $0Net Assets 2015: $4,480,9102015Assets 2016: $4,490,361Liabilities 2016: $0Net Assets 2016: $4,490,3612016Assets 2017: $4,814,943Liabilities 2017: $0Net Assets 2017: $4,814,9432017Assets 2018: $4,979,494Liabilities 2018: $0Net Assets 2018: $4,979,4942018Assets 2019: $5,919,835Liabilities 2019: $0Net Assets 2019: $5,919,8352019Assets 2020: $5,729,909Liabilities 2020: $0Net Assets 2020: $5,729,9092020Assets 2021: $7,200,359Liabilities 2021: $0Net Assets 2021: $7,200,3592021Assets 2022: $6,464,596Liabilities 2022: $0Net Assets 2022: $6,464,5962022Assets 2023: $6,833,667Liabilities 2023: $0Net Assets 2023: $6,833,6672023Assets 2024: $7,693,258Liabilities 2024: $0Net Assets 2024: $7,693,2582024Assets 2025: $8,369,320Liabilities 2025: $0Net Assets 2025: $8,369,3202025

Highlighted filing

2013

Assets$3,756,183
Liabilities$0
Net Assets$3,756,183
Open 2013 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $180,166Expenses 2011: $204,808Net Income 2011: -$24,6422011Expenses 2012: $235,8882012Revenue 2013: $2,324,255Expenses 2013: $263,288Net Income 2013: $2,060,9672013Revenue 2014: $386,560Expenses 2014: $310,375Net Income 2014: $76,1852014Revenue 2015: $636,799Expenses 2015: $352,716Net Income 2015: $284,0832015Revenue 2016: $423,812Expenses 2016: $396,970Net Income 2016: $26,8422016Revenue 2017: $483,508Expenses 2017: $394,831Net Income 2017: $88,6772017Revenue 2018: $439,975Expenses 2018: $395,408Net Income 2018: $44,5672018Revenue 2019: $1,105,642Expenses 2019: $411,750Net Income 2019: $693,8922019Revenue 2020: $453,466Expenses 2020: $426,717Net Income 2020: $26,7492020Revenue 2021: $495,309Expenses 2021: $438,048Net Income 2021: $57,2612021Revenue 2022: $634,763Expenses 2022: $448,538Net Income 2022: $186,2252022Revenue 2023: $581,509Expenses 2023: $540,320Net Income 2023: $41,1892023Revenue 2024: $798,038Expenses 2024: $532,587Net Income 2024: $265,4512024Revenue 2025: $750,970Expenses 2025: $605,228Net Income 2025: $145,7422025

Highlighted filing

2013

Revenue$2,324,255
Expenses$263,288
Net Income$2,060,967
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Oct 24, 2013
Return Version
2012v2.0
Gross Receipts
$3,596,257
Mission and Program Overview

Mission

To award post-secondary scholarships to worthy students and to give support to k-12 students who might need eyeglasses, dental care or clothing to participate effectively in school.

Filing and Contact Details

Filer

EIN
01-6014861
Raw XML AppendixShowing 400 of 497 raw XML fields

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IRS990ScheduleA/FactsAndCircumstancesTest0Part II, Line 17a--The Brunswick Area Student Aid Fund was organized in 1956 so that area citizens could support graduates of the area high schools who wished to pursue higher education. SOURCES OF SUPPORT: Scholarship funds were initially provided by broadly based community fundraising activities. Over time, 38 separate permanently named scholarship funds have been created; these are managed by the Fund which can generally spend a fixed percentage, 3.2% to 4.0% of the total value of the funds. Occasionally, larger gifts or bequests are added as permanently named scholarship funds. The Fund is also the beneficiary of the Marion McKenney & Emery W. Booker Education Trust, a charitable trust set up under the wills of a childless couple who wished to benefit the children of the area. The bequest was not solicited by the fund; and the trust exerts no control over the activities of the fund or the selection of scholarship recipients. No relatives of the donors nor trustees of the trust serve on the Board of the Fund. The Fund considers the McKinney Booker donation to be an unusual contribution even though it is ongoing, because of this lack of control. During the year ended June 30, 2013, the Fund received a $2,000,000 unsolicited bequest from a disinterested person which was attracted to the Fund because of the organization's publicly supported nature. The bequest was unusual and unexpected. Accordingly, the Fund has considered this $2,000,000 bequest to be an unusual grant for purposes of the Support Schedule on Schedule A, Part II. Because of the income from the permanently named scholarship funds, the Fund enjoys substantial investment income, and has failed to meet the 33 1/3% public support test in recent years. The Fund believes that these funds should be treated as from the general public since they were donated by many different groups. Many were in turn established by fund raising from the general public. For example, an annual fundraiser for one of the memorials typically has over 100 participants and raises approximately $6,000. The separate funds may honor the memory of an individual, and may support students with specific goals, but they are not controlled by the families of the individuals so honored. Additional support each year comes from grants and donations that are not earmarked for permanently named scholarship funds. Examples include a yearly grant from the Town of Bowdoin, a yearly grant from Brunswick High School from student activities, occasional grants from high school class reunions, occasional one-time named scholarship grants in memory of persons who have died, and unrestricted donations from members of the general public. REPRESENTATIVE GOVERNING BODY: The 18-24 person governing board is made up of a wide range of community leaders. These leaders include business people, teachers, lawyers, other professionals, and citizens with an interest in furthering the education of local young people.PUBLIC SERVICES: Scholarships have been provided annually since 1956. In the past year, scholarships totalling $249,000 were awarded to 227 students. The fund also provided 3 computer scholarships In addition, the fund assists a small number of K-12 students who have an unmet need that might interfere with their education. Typically, this aid consists of eyeglasses and school appropriate clothing. In the past year, the Fund helped approximately 19 students at a cost of $2,124. MEMBERSHIP: Membership is open to anyone residing in one of the towns included in the Maine School Administration District #75, or in Brunswick, Maine. Dues are $1.00 per year.
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear021583
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year022121
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years021120
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years010280
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years04464
IRS990ScheduleA/GiftsGrantsContribReceived170/Total079568
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear068566
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year038340
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years033515
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years032214
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years036169
IRS990ScheduleA/GrossInvestmentIncome170/Total0208804
IRS990ScheduleA/NetUBI/Total00
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus2Years055
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus4Years050
IRS990ScheduleA/OtherIncome170/Total0105
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportPertcentage17000.20790
IRS990ScheduleA/PublicSupportPertcentPriorYear00.19010
IRS990ScheduleA/PublicSupportTotal170059988
IRS990ScheduleA/TaxRevLeviedForOrgBenefit170/Total00
IRS990ScheduleA/TenPercentTestCurrentYear0X
IRS990ScheduleA/Total170/CurrentTaxYear021583
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year022121
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years021120
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years010280
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years04464
IRS990ScheduleA/Total170/Total079568
IRS990ScheduleA/TotalSupport0288477
IRS990ScheduleA/ValueSrvcFcltsFurnishedByGovt/Total00
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant02124
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant1237285
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients019
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients1230
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0Student Needs Grades K-12
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant1Scholarships
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0The organization ensures scholarship grants are used for proper purposes and are not otherwise diverted from the intended use. The organization makes scholarship grant checks payable to educational institutions and controls the mailing of scholarship grant checks directly to educational institutions. A member of the organization's Board of Directors, other than the treasurer, annually selects a sample of grant awards and disbursements. Certain agreed upon procedures are performed on the sample to ascertain the propriety of disbursements.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/RecordsMaintained0true
IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants00
IRS990ScheduleI/TotalNbrOfOtherOrganizations00
IRS990/ScheduleJRequired0false
IRS990ScheduleL/Form990ScheduleLPartIII/AmountOfGrant01200
IRS990ScheduleL/Form990ScheduleLPartIII/NameOfInterestedPerson0Chad Schuman

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,756,183
Liabilities
$0
Net assets
$3,756,183
Revenue
$2,324,255
Expenses
$263,288
Net income
$2,060,967
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.37$0.00$8.37$0.75$0.61$0.15
2024Detailed filing. Detailed filing data is available for this year.$7.69$0.00$7.69$0.80$0.53$0.27
2023Detailed filing. Detailed filing data is available for this year.$6.83$0.00$6.83$0.58$0.54$0.04
2022Detailed filing. Detailed filing data is available for this year.$6.46$0.00$6.46$0.63$0.45$0.19
2021Detailed filing. Detailed filing data is available for this year.$7.20$0.00$7.20$0.50$0.44$0.06
2020Detailed filing. Detailed filing data is available for this year.$5.73$0.00$5.73$0.45$0.43$0.03
2019Detailed filing. Detailed filing data is available for this year.$5.92$0.00$5.92$1.11$0.41$0.69
2018Detailed filing. Detailed filing data is available for this year.$4.98$0.00$4.98$0.44$0.40$0.04
2017Detailed filing. Detailed filing data is available for this year.$4.81$0.00$4.81$0.48$0.39$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.49$0.00$4.49$0.42$0.40$0.03
2015Detailed filing. Detailed filing data is available for this year.$4.48$0.00$4.48$0.64$0.35$0.28
2014Detailed filing. Detailed filing data is available for this year.$4.31$0.00$4.31$0.39$0.31$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.00$3.76$2.32$0.26$2.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.00$1.61$0.24
2011Summary only. Only limited summary data is available for this year.$1.59$0.00$1.59$0.18$0.20$0.02