Civic Intelligence

Christopher Potvin Scholar Athlete Fund Inc.

990EZ • Fiscal year 2023 • EIN 06-1195345

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

3-1 Huntley RdOld Lyme, CT 06371

(860) 514-5144

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

38th percentile

-2.1%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

7th percentile

-68%

Faster asset growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

29%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$561

Down $1,172 (-68%) from 2022

Net Assets

Down

$561

Down $1,172 (-68%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$55,609

Up $12,374 (+29%) from 2022

Expenses

Up

$56,781

Up $781 (+1.4%) from 2022

Net Income

Up

-$1,172

Up $11,593 (+91%) from 2022

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2010: $6,068Net Assets 2010: $6,0682010Assets 2011: $2,066Net Assets 2011: $2,0662011Assets 2012: $5,078Net Assets 2012: $5,0782012Assets 2013: $6,378Liabilities 2013: $0Net Assets 2013: $6,3782013Assets 2014: $6,458Liabilities 2014: $0Net Assets 2014: $6,4582014Assets 2015: $11,488Liabilities 2015: $0Net Assets 2015: $11,4882015Assets 2016: $8,838Liabilities 2016: $0Net Assets 2016: $8,8382016Assets 2017: $9,938Liabilities 2017: $0Net Assets 2017: $9,9382017Assets 2018: $21,388Liabilities 2018: $0Net Assets 2018: $21,3882018Assets 2019: $27,788Liabilities 2019: $0Net Assets 2019: $27,7882019Assets 2020: $18,836Liabilities 2020: $0Net Assets 2020: $18,8362020Assets 2021: $14,498Liabilities 2021: $0Net Assets 2021: $14,4982021Assets 2022: $1,733Liabilities 2022: $0Net Assets 2022: $1,7332022Assets 2023: $561Liabilities 2023: $0Net Assets 2023: $5612023Assets 2024: $2,402Net Assets 2024: $2,4022024

Highlighted filing

2023

Assets$561
Liabilities$0
Net Assets$561

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2010: $29,770Expenses 2010: $28,683Net Income 2010: $1,0872010Revenue 2011: $31,600Expenses 2011: $35,602Net Income 2011: -$4,0022011Revenue 2012: $31,098Expenses 2012: $28,086Net Income 2012: $3,0122012Revenue 2013: $30,188Expenses 2013: $28,888Net Income 2013: $1,3002013Revenue 2014: $31,280Expenses 2014: $31,200Net Income 2014: $802014Revenue 2015: $36,380Expenses 2015: $31,350Net Income 2015: $5,0302015Revenue 2016: $26,670Expenses 2016: $29,320Net Income 2016: -$2,6502016Revenue 2017: $36,600Expenses 2017: $35,500Net Income 2017: $1,1002017Revenue 2018: $50,500Expenses 2018: $39,050Net Income 2018: $11,4502018Revenue 2019: $50,650Expenses 2019: $44,250Net Income 2019: $6,4002019Revenue 2020: $42,041Expenses 2020: $50,993Net Income 2020: -$8,9522020Revenue 2021: $53,199Expenses 2021: $57,537Net Income 2021: -$4,3382021Revenue 2022: $43,235Expenses 2022: $56,000Net Income 2022: -$12,7652022Revenue 2023: $55,609Expenses 2023: $56,781Net Income 2023: -$1,1722023Revenue 2024: $54,985Expenses 2024: $53,144Net Income 2024: $1,8412024

Highlighted filing

2023

Revenue$55,609
Expenses$56,781
Net Income-$1,172
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$71,234
Mission and Program Overview

Mission

Encouraging and supporting good sportsmanship in youths by raising funds and distributing scholarships to college bound scholar athletes in the southeastern connecticut area.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION DISTRIBUTED FIFTY-THREE SCHOLARSHIPS OF 1,000 EACH TO COLLEGE BOUND SCHOLAR ATHLETES. THE SELECTION PROCESS IS AS FOLLOWS: 1. INTERESTED STUDENT ATHLETES SUBMIT AN APPLICATION WITH OFFICIAL HIGH SCHOOL TRANSCRIPT AND RECOMMENDATIONS FROM PERSONS OF ATHLETIC INFLUENCE. 2. SCHOLARSHIP APPLICANTS ARE SELECTED BY AN AWARDS COMMITTEE BASED ON THE APPLICANTS TRANSCRIPT AND TRANSCRIPT DATA. 3. APPLICANTS SELECTED MAY PARTICIPATE IN A PERSONAL INTERVIEW WITH THE SCHOLARSHIP COMMITTEE. EACH YEAR FIVE INDIVIDUALS ARE SELECTED TO PARTICIPATE IN THE AWARDS COMMITTEE TO SINGLY AND COLLECTIVELY CHOOSE THE TOP TWENTY PERCENT OF APPLICANTS. THE EXECUTIVE COMMITTEE THEN SELECTS THE FINAL NUMBER OF SCHOLARSHIPS TO BE AWARDED THAT YEAR.$53,000$56,648
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHRISTINE POTVINVice-Preside-$0--
TIESHA DIMAGGIOSecretary-$0--
WILLIAM BUSCETTOPresident-$0--
DIANA BUSCETTOTrustee-$0--
THOMAS DIMAGGIOTreasurerPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$55,265$55,265$15,625$39,640
Total Events$55,265$55,265$15,625$39,640
Filing and Contact Details

Filer

Filer Name
Christopher Potvin Scholar Athlete
EIN
06-1195345
Phone
8605145144
Address
3-1 HUNTLEY RD, OLD LYME, CT 06371

Signing Officer

Name
William Buscetto
Title
President
Phone
8608483643
Signed
2024-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Halloran & Associates LLC
Address
349 MITCHELL STREET, GROTON, CT 06340
Preparer
Charles J Halloran CPA
Phone
8604058195
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Class of activity: college scholarship cash contribution: 53,000 relationship: unrelated

Form 990-ez, Part I, Line 16

Expenses service fees 133 checks 46 printing & publications 403 awards dinner 3,199 total 3,781

Form 990-ez, Part III

Encouraging and supporting good sportsmanship in youths by raising funds and distributing scholarships to college bound scholar athletes in the southeastern connecticut area.

Form 990-ez, Part III, Line 28

The organization distributed fifty-three scholarships of 1,000 each to college bound scholar athletes. The selection process is as follows: 1. Interested student athletes submit an application with official high school transcript and recommendations from persons of athletic influence. 2. Scholarship applicants are selected by an awards committee based on the applicants transcript and transcript data. 3. Applicants selected may participate in a personal interview with the scholarship committee. Each year five individuals are selected to participate in the awards committee to singly and collectively choose the top twenty percent of applicants. The executive committee then selects the final number of scholarships to be awarded that year.

Raw XML Appendix158 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLASS OF ACTIVITY: COLLEGE SCHOLARSHIP CASH CONTRIBUTION: 53,000 RELATIONSHIP: UNRELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES SERVICE FEES 133 CHECKS 46 PRINTING & PUBLICATIONS 403 AWARDS DINNER 3,199 TOTAL 3,781
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENCOURAGING AND SUPPORTING GOOD SPORTSMANSHIP IN YOUTHS BY RAISING FUNDS AND DISTRIBUTING SCHOLARSHIPS TO COLLEGE BOUND SCHOLAR ATHLETES IN THE SOUTHEASTERN CONNECTICUT AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DISTRIBUTED FIFTY-THREE SCHOLARSHIPS OF 1,000 EACH TO COLLEGE BOUND SCHOLAR ATHLETES. THE SELECTION PROCESS IS AS FOLLOWS: 1. INTERESTED STUDENT ATHLETES SUBMIT AN APPLICATION WITH OFFICIAL HIGH SCHOOL TRANSCRIPT AND RECOMMENDATIONS FROM PERSONS OF ATHLETIC INFLUENCE. 2. SCHOLARSHIP APPLICANTS ARE SELECTED BY AN AWARDS COMMITTEE BASED ON THE APPLICANTS TRANSCRIPT AND TRANSCRIPT DATA. 3. APPLICANTS SELECTED MAY PARTICIPATE IN A PERSONAL INTERVIEW WITH THE SCHOLARSHIP COMMITTEE. EACH YEAR FIVE INDIVIDUALS ARE SELECTED TO PARTICIPATE IN THE AWARDS COMMITTEE TO SINGLY AND COLLECTIVELY CHOOSE THE TOP TWENTY PERCENT OF APPLICANTS. THE EXECUTIVE COMMITTEE THEN SELECTS THE FINAL NUMBER OF SCHOLARSHIPS TO BE AWARDED THAT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
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ReturnHeader/ReturnTs02024-11-15T13:40:49-05:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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.$2.40$2.40$55.0$53.1$1.84
2023Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$55.6$56.8$1.17
2022Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$43.2$56.0$12.8
2021Detailed filing. Detailed filing data is available for this year.$14.5$0.00$14.5$53.2$57.5$4.34
2020Detailed filing. Detailed filing data is available for this year.$18.8$0.00$18.8$42.0$51.0$8.95
2019Detailed filing. Detailed filing data is available for this year.$27.8$0.00$27.8$50.7$44.3$6.40
2018Detailed filing. Detailed filing data is available for this year.$21.4$0.00$21.4$50.5$39.1$11.5
2017Detailed filing. Detailed filing data is available for this year.$9.94$0.00$9.94$36.6$35.5$1.10
2016Detailed filing. Detailed filing data is available for this year.$8.84$0.00$8.84$26.7$29.3$2.65
2015Detailed filing. Detailed filing data is available for this year.$11.5$0.00$11.5$36.4$31.4$5.03
2014Detailed filing. Detailed filing data is available for this year.$6.46$0.00$6.46$31.3$31.2$0.08
2013Detailed filing. Detailed filing data is available for this year.$6.38$0.00$6.38$30.2$28.9$1.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$5.08$31.1$28.1$3.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$2.07$31.6$35.6$4.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$6.07$29.8$28.7$1.09