Civic Intelligence

Littleton Scholarship Trust

990 • Fiscal year 2022 • EIN 04-6079930

Jun 01, 2021 to May 31, 2022 • Filed on Jan 20, 2023

7 Brant LaneLittleton, MA 01460

(617) 593-6957

Siviq Scores

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

Liabilities / Assets

55th percentile

0.09x

Higher debt load relative to assets than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

0.59x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

92nd percentile

59%

Higher net margin than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

25th percentile

-6.8%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

41%

Faster revenue growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,254,795

Down $164,874 (-6.8%) from 2021

Net Assets

Down

$2,046,830

Down $172,374 (-7.8%) from 2021

Liabilities

Up

$207,965

Up $7,500 (+3.7%) from 2021

Revenue

Up

$353,282

Up $103,367 (+41%) from 2021

Expenses

Down

$146,005

Down $5,130 (-3.4%) from 2021

Net Income

Up

$207,277

Up $108,497 (+110%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,477,795Liabilities 2011: $136,975Net Assets 2011: $1,340,8202011Assets 2012: $1,462,539Liabilities 2012: $146,450Net Assets 2012: $1,316,0892012Assets 2013: $1,673,652Liabilities 2013: $157,600Net Assets 2013: $1,516,0522013Assets 2014: $1,728,264Liabilities 2014: $165,658Net Assets 2014: $1,562,6062014Assets 2015: $1,749,507Liabilities 2015: $175,393Net Assets 2015: $1,574,1142015Assets 2016: $1,734,904Liabilities 2016: $162,124Net Assets 2016: $1,572,7802016Assets 2017: $1,850,651Liabilities 2017: $168,949Net Assets 2017: $1,681,7022017Assets 2018: $1,923,571Liabilities 2018: $155,770Net Assets 2018: $1,767,8012018Assets 2019: $1,939,224Liabilities 2019: $176,015Net Assets 2019: $1,763,2092019Assets 2020: $1,990,576Liabilities 2020: $181,615Net Assets 2020: $1,808,9612020Assets 2021: $2,419,669Liabilities 2021: $200,465Net Assets 2021: $2,219,2042021Assets 2022: $2,254,795Liabilities 2022: $207,965Net Assets 2022: $2,046,8302022Assets 2023: $2,160,253Liabilities 2023: $235,443Net Assets 2023: $1,924,8102023Assets 2024: $2,308,626Liabilities 2024: $239,615Net Assets 2024: $2,069,0112024

Highlighted filing

2022

Assets$2,254,795
Liabilities$207,965
Net Assets$2,046,830

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $121,8622011Expenses 2012: $122,2052012Revenue 2013: $391,254Expenses 2013: $133,954Net Income 2013: $257,3002013Revenue 2014: $163,173Expenses 2014: $140,865Net Income 2014: $22,3082014Revenue 2015: $239,594Expenses 2015: $133,924Net Income 2015: $105,6702015Revenue 2016: $121,908Expenses 2016: $134,005Net Income 2016: -$12,0972016Revenue 2017: $162,353Expenses 2017: $148,725Net Income 2017: $13,6282017Revenue 2018: $211,979Expenses 2018: $131,078Net Income 2018: $80,9012018Revenue 2019: $173,799Expenses 2019: $142,354Net Income 2019: $31,4452019Revenue 2020: $152,199Expenses 2020: $134,804Net Income 2020: $17,3952020Revenue 2021: $249,915Expenses 2021: $151,135Net Income 2021: $98,7802021Revenue 2022: $353,282Expenses 2022: $146,005Net Income 2022: $207,2772022Revenue 2023: $167,624Expenses 2023: $181,314Net Income 2023: -$13,6902023Revenue 2024: $221,272Expenses 2024: $215,641Net Income 2024: $5,6312024

Highlighted filing

2022

Revenue$353,282
Expenses$146,005
Net Income$207,277
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Jan 20, 2023
Return Version
2021v4.1
Gross Receipts
$812,085
Mission and Program Overview

Mission

Provide scholarships to graduates of

Provide scholarship to graduates of Littleton, Ma, High School and Littleton residents attending Nashoba Valley Technical High School.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,266,447$2,139,915▼ $126,532
Savings and Temporary Cash Investments$74,088$74,206▲ $118
Cash and Non-Interest-Bearing Accounts$33,984$40,399▲ $6,415
Accounts Receivable$45,150$275▼ $44,875
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,419,669$2,254,795▼ $164,874
Other Assets Total-$0-
Liabilities
Grants Payable$197,500$205,000▲ $7,500
Accounts Payable and Accrued Expenses$2,965$2,965→ $0
Total Liabilities$200,465$207,965▲ $7,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,631,485$1,459,111▼ $172,374
Net Assets With Donor Restrictions$587,719$587,719→ $0
Total Net Assets Fund Balance$2,219,204$2,046,830▼ $172,374
Total Liabilities and Net Assets / Fund Balance$2,419,669$2,254,795▼ $164,874
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kim GentilePresident
Bernie LaneDirector
Russ MullenDirector
Mary SoraccoSecretary
John BoroskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$171,845
Program Service Revenue
$0
Investment Income
$181,437
Other Revenue
$0
All Other Contributions
$118,645
Change in Net Assets
$207,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$129,750
Other Expenses$16,255
Total Fundraising Expense$2,966
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$129,750--$129,750
Fees for Service Investment Mgmnt Fees-$4,824-$4,824
Fees for Services Accounting-$2,900-$2,900
Other Expenses-$5,345$398$398
All Other Expenses-$220$96$316
Total Functional Expenses$129,750$13,289$2,966$146,005
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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, Line 11B: Form 990 Review Process

An electronic copy is provided to each board member prior to filing.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Massachusetts Attorney General's Web Site.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents available upon request

Filing and Contact Details

Filer

Filer Name
Littleton Scholarship Trust
EIN
04-6079930
Phone
6175936957
Address
7 Brant Lane, Littleton, MA 01460

Signing Officer

Name
John Boroski
Title
Treasurer
Signed
2023-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Boroski
Formed
1958
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
150

Preparer

Firm
Vallas & Arrison PC
Address
312 Great Road, Littleton, MA 01460
Preparer
Thomas Arrison CPA
Phone
9784869855
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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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IRS990ScheduleA/PublicSupportPY170Pct00.69320
IRS990ScheduleA/PublicSupportTotal170Amt0539185
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0171845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt078752
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt082677
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt098454
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0107457
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0539185
IRS990ScheduleA/TotalSupportAmt0744945
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0157
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0An electronic copy is provided to each board member prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Massachusetts Attorney General's Web Site.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02419669
IRS990/TotalAssetsEOYAmt02254795
IRS990/TotalAssetsGrp/BOYAmt02419669
IRS990/TotalAssetsGrp/EOYAmt02254795
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0171845
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02966
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013289
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0129750
IRS990/TotalFunctionalExpensesGrp/TotalAmt0146005
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0200465
IRS990/TotalLiabilitiesEOYAmt0207965
IRS990/TotalLiabilitiesGrp/BOYAmt0200465
IRS990/TotalLiabilitiesGrp/EOYAmt0207965
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02219204
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02046830
IRS990/TotalProgramServiceExpensesAmt0129750
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0175613
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05824
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0353282
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02419669
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02254795
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07 Brant Lane
IRS990/USAddress/CityNm0Littleton
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001460
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0littletonscholarshiptrust.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0John Boroski
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Littleton Scholarship Trust
ReturnHeader/Filer/BusinessNameControlTxt0LITT
ReturnHeader/Filer/EIN0046079930
ReturnHeader/Filer/PhoneNum06175936957
ReturnHeader/Filer/USAddress/AddressLine1Txt07 Brant Lane
ReturnHeader/Filer/USAddress/CityNm0Littleton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001460
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043215625
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Vallas & Arrison PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0312 Great Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Littleton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001460
ReturnHeader/PreparerPersonGrp/PhoneNum09784869855
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas Arrison CPA
ReturnHeader/ReturnTs02023-01-20T12:45:05-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0John
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Boroski
ReturnHeader/TaxPeriodBeginDt02021-06-01
ReturnHeader/TaxPeriodEndDt02022-05-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.31$0.24$2.07$0.22$0.22$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.24$1.92$0.17$0.18$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.25$0.21$2.05$0.35$0.15$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$0.20$2.22$0.25$0.15$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.18$1.81$0.15$0.13$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.94$0.18$1.76$0.17$0.14$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.16$1.77$0.21$0.13$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.85$0.17$1.68$0.16$0.15$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.73$0.16$1.57$0.12$0.13$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.75$0.18$1.57$0.24$0.13$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.73$0.17$1.56$0.16$0.14$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.16$1.52$0.39$0.13$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.15$1.32$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.14$1.34$0.12
Peer Organizations

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