Civic Intelligence

Brunswick Area Student Aid Fund

990 • Fiscal year 2016 • EIN 01-6014861

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 17, 2016

Organization ProfileSTUDENTAIDFUND.ORG
PO Box 867Brunswick, ME 04011-0867

(207) 772-1981

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

62nd percentile

6.3%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

46th percentile

0.2%

Faster asset growth than 46% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-33%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$4,490,361

Up $9,451 (+0.2%) from 2015

Net Assets

Up

$4,490,361

Up $9,451 (+0.2%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin62nd percentile

Revenue

Down

$423,812

Down $212,987 (-33%) from 2015

Expenses

Up

$396,970

Up $44,254 (+13%) from 2015

Net Income

Down

$26,842

Down $257,241 (-91%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2016

Assets$4,490,361
Liabilities$0
Net Assets$4,490,361
Open 2016 Filing

Operations Trend

Revenue Growth10th 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

2016

Revenue$423,812
Expenses$396,970
Net Income$26,842
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 17, 2016
Return Version
2015v2.1
Gross Receipts
$659,470
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,480,910$4,490,361▲ $9,451
Investments in Publicly Traded Securities$4,428,203$4,442,498▲ $14,295
Cash and Non-Interest-Bearing Accounts$52,707$47,863▼ $4,844
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,480,910$4,490,361▲ $9,451
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,480,910$4,490,361▲ $9,451
Total Liabilities and Net Assets / Fund Balance$4,480,910$4,490,361▲ $9,451

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$4,428,203$27,251▲ $123,044$136,000$4,442,498
2014$4,266,392$273,734▲ $22,077$134,000$4,428,203
2013$3,751,813$66,926▲ $577,653$130,000$4,266,392
2012$1,577,345$2,007,260▲ $187,208$20,000$3,751,813
2011$1,579,813$41,000▼ $42,468$1,000$1,577,345
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Marie WhitneyPresident
BRIAN E O'CONNORDirector
Betsy SchmidtDirector
Chris TurnerDirector
Christy McallasterDirector
G William HigbeeDirector
J Otey SmithDirector
Joanie MitchellDirector
John F Loyd JrDirector
Kara DouglasDirector
Karen TilborDirector
Kate CutkoDirector
Kay GeorgeDirector
Linda MorrisDirector
Mary MooreDirector
Rick WilsonDirector
Chad SchumanSecretary
Dan DoironTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$262,025
Program Service Revenue
$0
Investment Income
$161,787
Other Revenue
$0
All Other Contributions
$261,966
Change in Net Assets
$26,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$364,793
Other Expenses$32,177
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$364,793--$364,793
Fees for Service Investment Mgmnt Fees-$21,306-$21,306
Advertising-$5,015-$5,015
Fees for Services Accounting-$3,300-$3,300
Insurance-$1,590-$1,590
Conferences and Meetings-$462-$462
Office Expenses-$349-$349
Information Technology-$155-$155
Total Functional Expenses$364,793$32,177$0$396,970
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Line 11a explanation - a 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.”

Form 990, Part VI, Section B, Line 12C

“The 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.”

Form 990, Part VI, Section B, Line 15

“The organization does not compensate any board members or officers.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available in response to specific requests from the public.”

Filing and Contact Details

Filer

Filer Name
Brunswick Area Student Aid Fund
EIN
01-6014861
Phone
2077721981
Address
PO BOX 867, BRUNSWICK, ME 04011-0867

Signing Officer

Name
Dan Doiron
Title
Treasurer
Phone
2077721981
Signed
2016-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marie Whitney
Formed
1956
Legal Domicile
Me
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
Macpage LLC
Address
30 LONG CREEK DRIVE, SOUTH PORTLAND, ME 04106
Preparer
Patrick Nicholas
Phone
2077745701
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The organization's endowment funds are used to generate investment returns which are spent in the furtherance of the organization's mission and exempt purposes.”

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IRS990/InvestmentsPubTradedSecGrp/EOYAmt04442498
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0235658
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt059
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04480910
IRS990/NetAssetsOrFundBalancesEOYAmt04490361
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt052868
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt052868
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-17391
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0349
IRS990/OfficeExpensesGrp/TotalAmt0349
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARIE WHITNEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0483718
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0320783
IRS990/PYInvestmentIncomeAmt0153068
IRS990/PYOtherExpensesAmt031933
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt013
IRS990/PYRevenuesLessExpensesAmt0284083
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0352716
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0636799
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt026842
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04480910
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04490361
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE 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, 43 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, 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 17-24 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 $357,950 WERE AWARDED TO 236 STUDENTS. THE FUND ALSO PROVIDED 3 COMPUTER SCHOLARSHIPS TOTALLING $3,000. 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 39 STUDENTS AT A COST OF $3,843. 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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt039057
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt021721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt071076
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt021583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt022121
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0175558
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0108919
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt097747
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0105577
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt068566
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt038340
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0419149
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.22830
IRS990ScheduleA/PublicSupportPY170Pct00.21620
IRS990ScheduleA/PublicSupportTotal170Amt0135762
IRS990ScheduleA/SubstantialContributorsTotAmt039796
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt039057
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt021721
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt071076
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt021583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt022121
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0175558
IRS990ScheduleA/TotalSupportAmt0594707
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.98000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04428203
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt027251
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04442498
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0123044
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0136000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04266392
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0273734
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04428203
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022077
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0134000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03751813
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt066926
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04266392
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0577653
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0130000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01577345
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02007260
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03751813
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0187208
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt020000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01579813
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt041000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01577345
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-42468
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt01000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.01000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO GENERATE INVESTMENT RETURNS WHICH ARE SPENT IN THE FURTHERANCE OF THE ORGANIZATION'S MISSION AND EXEMPT PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.01000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0360950
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13843
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1STUDENT NEEDS GRADES K-12
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0239
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt139
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE 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/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt02000
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0CHAD SCHUMAN
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0SCHOLARSHIP TO CHILD
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE AWARDING OF SCHOLARSHIPS TO RECIPIENTS IS A BLIND PROCESS. THE SELECTION OF SCHOLARSHIP RECIPIENTS IS STRICTLY BASED ON FINANCIAL NEED. THE INTERESTED PERSON HAD NO ABILITY TO EXERT INFLUENCE OVER THE SCHOLARSHIP DECISION MAKING PROCESS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART III
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - A 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/SupplementalInformationDetail/ExplanationTxt1THE 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/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT COMPENSATE ANY BOARD MEMBERS OR OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE IN RESPONSE TO SPECIFIC REQUESTS FROM THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04480910
IRS990/TotalAssetsEOYAmt04490361
IRS990/TotalAssetsGrp/BOYAmt04480910

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,490,361
Liabilities
$0
Net assets
$4,490,361
Revenue
$423,812
Expenses
$396,970
Net income
$26,842
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