Civic Intelligence

Masconomet Regional Scholarship Foundation Inc

990 • Fiscal year 2017 • EIN 04-3237355

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 23, 2017

Organization ProfileN/A
20 Endicott RoadBoxford, MA 01921

(978) 887-2323

Siviq Scores

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

Liabilities / Assets

58th percentile

0.15x

Higher debt load relative to assets than 58% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

1.01x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

31st percentile

-2.8%

Higher net margin than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

51st percentile

3.6%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$1,376,011

Up $48,020 (+3.6%) from 2016

Net Assets

Up

$1,167,231

Up $63,489 (+5.8%) from 2016

Liabilities

Down

$208,780

Down $15,469 (-6.9%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin31st percentile

Revenue

Up

$207,015

Up $19,709 (+11%) from 2016

Expenses

Down

$212,809

Down $11,133 (-5.0%) from 2016

Net Income

Up

-$5,794

Up $30,842 (+84%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,213,924Liabilities 2011: $193,550Net Assets 2011: $1,020,3742011Assets 2012: $1,246,617Liabilities 2012: $201,225Net Assets 2012: $1,045,3922012Assets 2013: $1,316,960Liabilities 2013: $198,800Net Assets 2013: $1,118,1602013Assets 2014: $1,421,175Liabilities 2014: $192,320Net Assets 2014: $1,228,8552014Assets 2015: $1,408,102Liabilities 2015: $218,249Net Assets 2015: $1,189,8532015Assets 2016: $1,327,991Liabilities 2016: $224,249Net Assets 2016: $1,103,7422016Assets 2017: $1,376,011Liabilities 2017: $208,780Net Assets 2017: $1,167,2312017Assets 2018: $1,425,222Liabilities 2018: $205,800Net Assets 2018: $1,219,4222018Assets 2019: $1,453,764Liabilities 2019: $207,800Net Assets 2019: $1,245,9642019Assets 2020: $1,483,480Liabilities 2020: $202,900Net Assets 2020: $1,280,5802020Assets 2021: $1,738,389Liabilities 2021: $195,900Net Assets 2021: $1,542,4892021Assets 2022: $1,509,400Liabilities 2022: $211,000Net Assets 2022: $1,298,4002022Assets 2023: $1,618,417Liabilities 2023: $227,300Net Assets 2023: $1,391,1172023Assets 2024: $1,850,631Liabilities 2024: $185,700Net Assets 2024: $1,664,9312024Assets 2025: $2,183,668Liabilities 2025: $241,634Net Assets 2025: $1,942,0342025

Highlighted filing

2017

Assets$1,376,011
Liabilities$208,780
Net Assets$1,167,231
Open 2017 Filing

Operations Trend

Revenue Growth62nd percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $201,4712011Expenses 2012: $200,1512012Revenue 2013: $200,787Expenses 2013: $201,468Net Income 2013: -$6812013Revenue 2014: $208,703Expenses 2014: $196,302Net Income 2014: $12,4012014Revenue 2015: $216,375Expenses 2015: $207,794Net Income 2015: $8,5812015Revenue 2016: $187,306Expenses 2016: $223,942Net Income 2016: -$36,6362016Revenue 2017: $207,015Expenses 2017: $212,809Net Income 2017: -$5,7942017Revenue 2018: $272,094Expenses 2018: $204,960Net Income 2018: $67,1342018Revenue 2019: $206,079Expenses 2019: $203,870Net Income 2019: $2,2092019Revenue 2020: $201,234Expenses 2020: $197,881Net Income 2020: $3,3532020Revenue 2021: $280,419Expenses 2021: $194,483Net Income 2021: $85,9362021Revenue 2022: $261,055Expenses 2022: $201,529Net Income 2022: $59,5262022Revenue 2023: $225,401Expenses 2023: $222,381Net Income 2023: $3,0202023Revenue 2024: $320,371Expenses 2024: $194,229Net Income 2024: $126,1422024Revenue 2025: $409,339Expenses 2025: $251,776Net Income 2025: $157,5632025

Highlighted filing

2017

Revenue$207,015
Expenses$212,809
Net Income-$5,794
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 23, 2017
Return Version
2016v3.0
Gross Receipts
$559,305
Mission and Program Overview

Mission

Financial aid scholarships to resident students

Financial aid scholarships to resident students in the regional district who are graduates or potential graduates of masconomet regional high school and are accepted at a 4-year or 2-year college, technical institute, school of nursing or other education program beyond high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,143,421$1,242,416▲ $98,995
Pledges and Grants Receivable$73,400$69,400▼ $4,000
Cash and Non-Interest-Bearing Accounts$17,335$31,795▲ $14,460
Savings and Temporary Cash Investments$90,772$29,530▼ $61,242
Accounts Receivable$3,063$2,870▼ $193
Total Assets$1,327,991$1,376,011▲ $48,020
Liabilities
Grants Payable$220,750$205,280▼ $15,470
Accounts Payable and Accrued Expenses$3,499$3,500▲ $1
Total Liabilities$224,249$208,780▼ $15,469
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,081,302$1,143,940▲ $62,638
Unrestricted Net Assets$22,440$23,291▲ $851
Total Net Assets Fund Balance$1,103,742$1,167,231▲ $63,489
Total Liabilities and Net Assets / Fund Balance$1,327,991$1,376,011▲ $48,020

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,081,302$16,471▲ $124,317-$1,144,190
2015$1,170,254$12,611▼ $23,963-$1,081,302
2014$1,209,679$14,549▲ $27,626-$1,170,254
2013$1,101,820$19,884▲ $171,210-$1,209,679
2012$1,029,024$31,535▲ $125,061-$1,101,820
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Peter DelaniChairperson
Olga LangloisSecretary
Timothy F HaganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,048
Program Service Revenue
$0
Investment Income
$69,967
Other Revenue
$0
All Other Contributions
$137,048
Change in Net Assets
$-5,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$196,880
Other Expenses$15,929
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$196,880--$196,880
Fees for Service Investment Mgmnt Fees$11,637$0$0$11,637
Fees for Services Accounting$0$3,500$0$3,500
Insurance$0$313$0$313
Office Expenses$0$306$0$306
Conferences and Meetings$88$0$0$88
Other Expenses$0$85$0$85
Total Functional Expenses$208,605$4,204$0$212,809
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
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
Filing and Contact Details

Filer

Filer Name
Masconomet Regional Scholarship Foundation Inc
EIN
04-3237355
Phone
9788872323
Address
20 ENDICOTT ROAD, BOXFORD, MA 01921

Signing Officer

Name
Timothy F Hagan
Title
Treasurer
Phone
9788872323
Signed
2017-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy F Hagan
Formed
1994
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
23

Preparer

Firm
Bernard Johnson & Company Pc
Address
15 MAIN STREET, TOPSFIELD, MA 01983
Preparer
Timothy F Hagan CPA
Phone
9788872220
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The treasurer reviews the form 990 prior to its filing”

Pt VI, Line 12C

“Conflict of interest policy is signed and any disclosures are resolved”

Pt VI, Line 19

“Documents are made available upon request”

Pt XII, Line 2C

“The annual certified financial statements are reviewed by the executive committee”

Financial Statement Notes

Pt V, Line 4

“Temporarily restricted net asset funds are used to support perpetual scholarship payments”

Raw XML Appendix379 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0124317
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01170254
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt012611
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01081302
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt077600
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-23963
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01209679
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt014549
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01170254
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt081600
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt027626
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt065
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01101820
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt019884
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01209679
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt083170
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0171210
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0350
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01029024
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt031535
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01101820
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt083450
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0125061
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TEMPORARILY RESTRICTED NET ASSET FUNDS ARE USED TO SUPPORT PERPETUAL SCHOLARSHIP PAYMENTS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0196880
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL, POST-SECONDARY SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0242
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ISSUES SCHOLARSHIP PAYMENTS DIRECTLY TO THE ACCREDITED POST-SECONDARY EDUCATIONAL INSTITUTION TO BE CREDITED TO THE STUDENT'S ACCOUNT, OR DIRECTLY REIMBURSES THE STUDENT UPON RECEIPT OF EVIDENTIARY MATTER RELATED TO THE STUDENT'S ENROLLMENT AND TUITION PAYMENT AT AN ACCREDITED POST-SECONDARY EDUCATIONAL INSTITUTION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS THE FORM 990 PRIOR TO ITS FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS SIGNED AND ANY DISCLOSURES ARE RESOLVED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ANNUAL CERTIFIED FINANCIAL STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 2c
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01081302
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01143940
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01327991
IRS990/TotalAssetsEOYAmt01376011
IRS990/TotalAssetsGrp/BOYAmt01327991
IRS990/TotalAssetsGrp/EOYAmt01376011
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0137048
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04204
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0208605
IRS990/TotalFunctionalExpensesGrp/TotalAmt0212809
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0224249
IRS990/TotalLiabilitiesEOYAmt0208780
IRS990/TotalLiabilitiesGrp/BOYAmt0224249
IRS990/TotalLiabilitiesGrp/EOYAmt0208780
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01103742
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01167231
IRS990/TotalProgramServiceExpensesAmt0208605
IRS990/TotalRevenueGrp/ExclusionAmt069967
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207015
IRS990/TotalVolunteersCnt023
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01327991
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01376011
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt022440
IRS990/UnrestrictedNetAssetsGrp/EOYAmt023291
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0TOPSFIELD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001983
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY F HAGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09788872323
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASCONOMET REGIONAL SCHOLARSHIP FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MASC
ReturnHeader/Filer/EIN0043237355
ReturnHeader/Filer/PhoneNum09788872323
ReturnHeader/Filer/USAddress/AddressLine1Txt020 ENDICOTT ROAD
ReturnHeader/Filer/USAddress/CityNm0BOXFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001921
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId014D7A0895695E1109464B4B08FC226F562A82686
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A3EBB8EFDAB3055BFD7CAB68D4D7168A636D75C6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.89.201.101
ReturnHeader/FilingSecurityInformation/IPDt02017-11-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm012:31:35
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNARD JOHNSON & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015 MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TOPSFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001983
ReturnHeader/PreparerPersonGrp/PhoneNum09788872220
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY F HAGAN CPA
ReturnHeader/ReturnTs02017-11-01T12:31:53-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,376,011
Liabilities
$208,780
Net assets
$1,167,231
Revenue
$207,015
Expenses
$212,809
Net income
-$5,794
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.18$0.24$1.94$0.41$0.25$0.16
2024Detailed filing. Detailed filing data is available for this year.$1.85$0.19$1.66$0.32$0.19$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.23$1.39$0.23$0.22$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.21$1.30$0.26$0.20$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.74$0.20$1.54$0.28$0.19$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.20$1.28$0.20$0.20$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.21$1.25$0.21$0.20$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.21$1.22$0.27$0.20$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.21$1.17$0.21$0.21$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.33$0.22$1.10$0.19$0.22$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.41$0.22$1.19$0.22$0.21$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.19$1.23$0.21$0.20$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.20$1.12$0.20$0.20$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.20$1.05$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.19$1.02$0.20