Civic Intelligence

Brunswick Area Student Aid Fund

990 • Fiscal year 2012 • EIN 01-6014861

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 01, 2013

Organization ProfileSTUDENTAIDFUND.ORG
PO Box 86704011
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.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

51st percentile

1.2%

Faster asset growth than 51% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$1,605,007

Up $18,499 (+1.2%) from 2011

Net Assets

Up

$1,605,007

Up $18,499 (+1.2%) from 2011

Liabilities

Flat

$0

Flat from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$235,888

Up $31,080 (+15%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2012

Assets$1,605,007
Liabilities$0
Net Assets$1,605,007
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2012

Revenue-
Expenses$235,888
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 1, 2013
Return Version
2011v1.5
Gross Receipts
$462,814
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 471 raw XML fields

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IRS990/Description0Scholarship awards are given each year to roughly 250 students to alleviate some of the costs of post-secondary education and to enable some students to purchase computers. The Fund also provides worthy and needy K-12 students with necessities such as eyeglasses, dental care, and clothing to enable them to participate effectively in school. The Fund provided approximately 18 students with eyeglasses and clothing in FY 2011.
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IRS990ScheduleA/FactsAndCircumstancesTest0Part II, Line 17b--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. 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, the last fundraiser for one of the memorials had over 100 participants and raised approximately $8,000. 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 $227,300 were awarded to 243 students. The fund also provided 1 computer scholarship. 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 18 students at a cost of $2,421. 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.
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IRS990ScheduleA/Total170/Total063033
IRS990ScheduleA/TotalSupport0257753
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/AmountOfCashGrant02421
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant1217600
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients018
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients1244
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/NoGrantMoreThan50000X
IRS990ScheduleI/RecordsMaintained0true
IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants00
IRS990ScheduleI/TotalNbrOfOtherOrganizations00
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0The organization makes its governing documents, conflict of interest policy, and financial statements available in response to specific requests from the public.
IRS990ScheduleO/GeneralExplanation/Explanation1The Fund has established a written Conflict of Interest Policy. Directors are required to annually disclose any known potential conflicts of interest by execution of a Conflict of Interest Policy document. The Fund maintains the executed documents in its files. The Board of Directors is to discuss the Conflict of Interest Policy no less frequently than annually at the October Board of Directors meeting. In order to avoid conflicts of interest in the awarding of scholarships, the eligibility and selections process shall be blind and designed to eliminate the opportunity for a conflict.
IRS990ScheduleO/GeneralExplanation/Explanation2A complete copy of Form 990 is initially reviewed by the Treasurer and any noted changes are made. A complete copy of Form 990 is then provided to the Fund's Finance Committee and any noted changes are made. Finally, a complete copy of Form 990 is provided to all members of the Governing Body, after which the Treasurer executes the required form for filing the return with the Internal Revenue Service.
IRS990ScheduleO/GeneralExplanation/Explanation3Client Note 1 - Schedule A: Public Support Percentage1) The organization is the income beneficiary of the Marion McKenney Booker and Emery W. Booker Education Trust, a trust created by bequests a number of years ago. No family members sit on the board of the organization nor The annual contribution from the Trust is excluded from Schedule A as an unusual contribution. Prior contributions from the Trust have been distributed, in part, and invested, in part. Approximately 32% of the interest and dividend income of the organization represents earnings on this contribution. If these amounts were excluded from the computation of support, the public support percentage would be approximately 41%2) The organization receives substantial donated services from community volunteers in connection with its fundraising activities; its board activities, and its scholarship activities. No attempt has been made to value these services, but if included, they would increase the public support percentage. Accordingly, we believe that the organization continues to qualify as a publicly supported organization under the facts and circumstances test.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 11: Form 990 Review Process
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0ME
IRS990/SubjectToProxyTax0false
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10Albin Randall Bennett 130 Middle St
IRS990/TheBooksAreInCareOf/AddressUS/City0Portland

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,605,007
Liabilities
$0
Net assets
$1,605,007
Revenue
-
Expenses
$235,888
Net income
-
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