Civic Intelligence

Nellie L Sparrell Educational Trust

EIN 04-6259904 • 501(c)3 • Norwell, MA

Profile

To provide scholarships to local high school graduates.

PO Box 482Norwell, MA 02061
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

70th percentile

14%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

66%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$947,387

Up $115,344 (+14%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$947,387

Up $115,344 (+14%) from 2023

Operations
Liabilities / Revenue34th percentileNet Margin94th percentile

Revenue

Up

$69,183

Up $27,586 (+66%) from 2023

Expenses

Up

$23,195

Up $4,984 (+27%) from 2023

Net Income

Up

$45,988

Up $22,602 (+97%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2014: $511,784Liabilities 2014: $02014Assets 2015: $484,935Liabilities 2015: $02015Assets 2017: $572,166Liabilities 2017: $0Net Assets 2017: $572,1662017Assets 2018: $507,124Liabilities 2018: $0Net Assets 2018: $507,1242018Assets 2023: $832,043Liabilities 2023: $0Net Assets 2023: $832,0432023Assets 2024: $947,387Liabilities 2024: $0Net Assets 2024: $947,3872024

Highlighted filing

2024

Assets$947,387
Liabilities$0
Net Assets$947,387
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0Revenue 2014: $36,151Expenses 2014: $14,092Net Income 2014: $22,0592014Revenue 2015: $16,161Expenses 2015: $14,092Net Income 2015: $2,0692015Revenue 2017: $57,044Expenses 2017: $16,457Net Income 2017: $40,5872017Revenue 2018: $40,201Expenses 2018: $20,510Net Income 2018: $19,6912018Revenue 2023: $41,597Expenses 2023: $18,211Net Income 2023: $23,3862023Revenue 2024: $69,183Expenses 2024: $23,195Net Income 2024: $45,9882024

Highlighted filing

2024

Revenue$69,183
Expenses$23,195
Net Income$45,988
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$947,387
Liabilities
$0
Net assets
$947,387
Revenue
$69,183
Expenses
$23,195
Net income
$45,988
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.47$0.00$9.47$0.69$0.23$0.46
2023Detailed filing. Detailed filing data is available for this year.$8.32$0.00$8.32$0.42$0.18$0.23
2018Detailed filing. Detailed filing data is available for this year.$5.07$0.00$5.07$0.40$0.21$0.20
2017Detailed filing. Detailed filing data is available for this year.$5.72$0.00$5.72$0.57$0.16$0.41
2015Summary only. Only limited summary data is available for this year.$4.85$0.00$0.16$0.14$0.02
2014Summary only. Only limited summary data is available for this year.$5.12$0.00$0.36$0.14$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$69,183
Mission and Program Overview

Mission

To provide scholarships to local high school graduates.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$545,446$790,816▲ $245,370
Savings and Temporary Cash Investments$266,151$154,008▼ $112,143
Cash and Non-Interest-Bearing Accounts-$2,563-
Total Assets$811,597$947,387▲ $135,790
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$811,597$947,387▲ $135,790
Total Net Assets Fund Balance$811,597$947,387▲ $135,790
Total Liabilities and Net Assets / Fund Balance$811,597$947,387▲ $135,790
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
David OsborneTrustee
Sean SuttonTrustee
Susan E CurtainSecretary
Richard a MerrittTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$0
Investment Income
$69,083
Other Revenue
$0
All Other Contributions
$100
Change in Net Assets
$45,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$22,500--$22,500
Fees for Services Accounting-$695-$695
Total Functional Expenses$22,500$695$0$23,195
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
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Nellie L Sparrell Educational Trust
EIN
04-6259904
Phone
7816594553
Address
PO BOX 482, NORWELL, MA 02061

Signing Officer

Name
Richard a Merritt
Title
Treasurer
Phone
7816594553
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard a Merritt
Formed
1964
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
South Shore Accounting and Taxes LLC
Address
50 MATTAKEESETT ST, PEMBROKE, MA 02359
Preparer
Thomas J Pugliese
Phone
7819243141
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in market value 89,802 change in market value 0 total 89,802”

Raw XML Appendix241 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.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum07816594553
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IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0PO BOX 253
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORWELL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002061
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IRS990/CashNonInterestBearingGrp/EOYAmt02563
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IRS990/CompensationProcessOtherInd0false
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IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
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IRS990/CYContributionsGrantsAmt0100
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
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IRS990/CYSalariesCompEmpBnftPaidAmt00
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IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt069183
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0AWARD SCHOLARSHIPS TO NORWELL HIGH SCHOOL STUDENTS
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
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IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt022500
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0695
IRS990/FeesForServicesAccountingGrp/TotalAmt0695
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IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
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IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0SUSAN E CURTAIN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt045651
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt045651
IRS990/GrossReceiptsAmt069183
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt023432
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023432
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0545446
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0790816
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL GRADUATES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0811597
IRS990/NetAssetsOrFundBalancesEOYAmt0947387
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt045651
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt045651
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0811597
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0947387
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt089802
IRS990/OtherExpensesGrp/Desc0SCHOLARSHIPS PAID
IRS990/OtherExpensesGrp/ProgramServicesAmt022500
IRS990/OtherExpensesGrp/TotalAmt022500
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RICHARD A MERRITT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/ReconcilationRevenueExpnssAmt045988
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0266151
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0154008
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0100
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt023432
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0100
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0100
IRS990ScheduleA/TotalSupportAmt0100
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0811597
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt022500
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IRS990/TotalGrossUBIAmt00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07816594553
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NELLIE L SPARRELL EDUCATIONAL TRUST
ReturnHeader/Filer/BusinessNameControlTxt0NELL
ReturnHeader/Filer/EIN0046259904
ReturnHeader/Filer/PhoneNum07816594553
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 482
ReturnHeader/Filer/USAddress/CityNm0NORWELL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002061
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002359
ReturnHeader/PreparerPersonGrp/PhoneNum07819243141
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS J PUGLIESE
ReturnHeader/ReturnTs02025-05-15T16:19:49-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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