Civic Intelligence

Marathon Community Scholarship Foundation

990EZ • Fiscal year 2020 • EIN 20-0091303

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 16, 2020

Organization ProfileWWW.MARATHONSCHOLARSHIPFOUNDATION.ORG
PO Box 1Marathon, NY 13803

(607) 849-6382

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

75th percentile

38%

Higher net margin than 75% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Asset Growth

62nd percentile

5.3%

Faster asset growth than 62% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

4.5%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$48,499

Up $2,430 (+5.3%) from 2019

Net Assets

$48,499

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin75th percentile

Revenue

Up

$7,744

Up $334 (+4.5%) from 2019

Expenses

Up

$4,808

Up $827 (+21%) from 2019

Net Income

Down

$2,936

Down $493 (-14%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$60K$40K$20K$0Assets 2012: $33,344Liabilities 2012: $02012Assets 2013: $36,280Liabilities 2013: $02013Assets 2014: $38,370Liabilities 2014: $0Net Assets 2014: $38,3702014Assets 2015: $41,169Liabilities 2015: $0Net Assets 2015: $41,1692015Assets 2016: $40,666Liabilities 2016: $02016Assets 2017: $44,648Liabilities 2017: $02017Assets 2018: $42,640Liabilities 2018: $02018Assets 2019: $46,069Liabilities 2019: $02019Assets 2020: $48,499Net Assets 2020: $48,4992020Assets 2021: $50,478Net Assets 2021: $50,4782021Assets 2022: $50,817Net Assets 2022: $50,8172022Assets 2023: $57,328Net Assets 2023: $57,3282023Assets 2024: $58,711Liabilities 2024: $02024

Highlighted filing

2020

Assets$48,499
Liabilities-
Net Assets$48,499
Open 2020 Filing

Operations Trend

Revenue Growth73rd percentile

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

$15K$10K$5.0K$0-$5.0KRevenue 2012: $7,208Expenses 2012: $5,394Net Income 2012: $1,8142012Revenue 2013: $8,288Expenses 2013: $5,352Net Income 2013: $2,9362013Revenue 2014: $5,762Expenses 2014: $3,672Net Income 2014: $2,0902014Revenue 2015: $12,960Expenses 2015: $10,161Net Income 2015: $2,7992015Revenue 2016: $3,873Expenses 2016: $4,376Net Income 2016: -$5032016Revenue 2017: $7,590Expenses 2017: $3,608Net Income 2017: $3,9822017Revenue 2018: $7,807Expenses 2018: $9,815Net Income 2018: -$2,0082018Revenue 2019: $7,410Expenses 2019: $3,981Net Income 2019: $3,4292019Revenue 2020: $7,744Expenses 2020: $4,808Net Income 2020: $2,9362020Revenue 2021: $5,984Expenses 2021: $3,981Net Income 2021: $2,0032021Revenue 2022: $9,546Expenses 2022: $9,207Net Income 2022: $3392022Revenue 2023: $12,893Expenses 2023: $6,382Net Income 2023: $6,5112023Revenue 2024: $8,337Expenses 2024: $6,954Net Income 2024: $1,3832024

Highlighted filing

2020

Revenue$7,744
Expenses$4,808
Net Income$2,936
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 16, 2020
Return Version
2019v5.0
Gross Receipts
$8,987
Mission and Program Overview

Mission

Subsidize existing high school graduation awards and provide an additional $2500 scholarship to a student pursuing higher education.

The marathon community scholarship foundation was started in 2004 with a mission of enhancing future educational possibilities for marathon students. Thanks to a subsidy from the foundation, the minimum commencement award today is 85 for the family of awards that rely on interest from endowments set up in the past. In addition, beginning with graduation, 2010, the foundation took a leap of faith in our future, starting a separate competitive 2,500 scholarship for a student needing financial aid for further education.

Program Services

DescriptionGrantsExpenses
ENHANCE MARATHON CENTRAL HIGH SCHOOL GRADUATION AWARDS TO 85 WHOSE ENDOWMENTS DO NOT GENERATE ENOUGH INTEREST INCOME TO REACH THAT LEVEL OF AWARD.$2,346$2,346
COMMUNITY SCHOLARSHIP AWARDS FOR POST-SECONDARY EDUCATION FOR QUALIFIED MARATHON CENTRAL SCHOOL GRADUATES.$1,950$1,950
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TINA GALLAGHERPresident-$0--
KATHY MATSONSecretary-$0--
KAREN FORKEYTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Marathon Community Scholarship
EIN
20-0091303
Phone
6078496382
Address
PO BOX 1, MARATHON, NY 13803

Signing Officer

Name
Karen Forkey
Title
Treasurer
Phone
6078496382
Signed
2020-10-16
Discuss with paid preparer
Yes

Preparer

Firm
Equus Business Advisors LLC
Address
17-29 MAIN ST STE 411, CORTLAND, NY 13045
Preparer
Peter Vanderwoude CPA
Phone
6077565691
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses nys char 500 fee 25 total 25”

Form 990-ez, Part I, Line 20

“Change for cumulative adjustment to prior years -506”

Form 990-ez, Part III

“The marathon community scholarship foundation was started in 2004 with a mission of enhancing future educational possibilities for marathon students. Thanks to a subsidy from the foundation, the minimum commencement award today is 85 for the family of awards that rely on interest from endowments set up in the past. In addition, beginning with graduation, 2010, the foundation took a leap of faith in our future, starting a separate competitive 2,500 scholarship for a student needing financial aid for further education.”

Raw XML Appendix164 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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IRS990EZ/PrimaryExemptPurposeTxt0THE MARATHON COMMUNITY SCHOLARSHIP FOUNDATION WAS STARTED IN 2004 WITH A MISSION OF ENHANCING FUTURE EDUCATIONAL POSSIBILITIES FOR MARATHON STUDENTS. THANKS TO A SUBSIDY FROM THE FOUNDATION, THE MINIMUM COMMENCEMENT AWARD TODAY IS 85 FOR THE FAMILY OF AWARDS THAT RELY ON INTEREST FROM ENDOWMENTS SET UP IN THE PAST. IN ADDITION, BEGINNING WITH GRADUATION, 2010, THE FOUNDATION TOOK A LEAP OF FAITH IN OUR FUTURE, STARTING A SEPARATE COMPETITIVE 2,500 SCHOLARSHIP FOR A STUDENT NEEDING FINANCIAL AID FOR FURTHER EDUCATION.
IRS990EZ/PrintingPublicationsPostageAmt0487
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0COMMUNITY SCHOLARSHIP AWARDS FOR POST-SECONDARY EDUCATION FOR QUALIFIED MARATHON CENTRAL SCHOOL GRADUATES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ENHANCE MARATHON CENTRAL HIGH SCHOOL GRADUATION AWARDS TO 85 WHOSE ENDOWMENTS DO NOT GENERATE ENOUGH INTEREST INCOME TO REACH THAT LEVEL OF AWARD.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01950
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.MARATHONSCHOLARSHIPFOUNDATION.ORG
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES NYS CHAR 500 FEE 25 TOTAL 25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHANGE FOR CUMULATIVE ADJUSTMENT TO PRIOR YEARS -506
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MARATHON COMMUNITY SCHOLARSHIP FOUNDATION WAS STARTED IN 2004 WITH A MISSION OF ENHANCING FUTURE EDUCATIONAL POSSIBILITIES FOR MARATHON STUDENTS. THANKS TO A SUBSIDY FROM THE FOUNDATION, THE MINIMUM COMMENCEMENT AWARD TODAY IS 85 FOR THE FAMILY OF AWARDS THAT RELY ON INTEREST FROM ENDOWMENTS SET UP IN THE PAST. IN ADDITION, BEGINNING WITH GRADUATION, 2010, THE FOUNDATION TOOK A LEAP OF FAITH IN OUR FUTURE, STARTING A SEPARATE COMPETITIVE 2,500 SCHOLARSHIP FOR A STUDENT NEEDING FINANCIAL AID FOR FURTHER EDUCATION.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/ReturnTs02020-11-20T12:13:02-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,499
Liabilities
-
Net assets
$48,499
Revenue
$7,744
Expenses
$4,808
Net income
$2,936
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$58.7$0.00$8.34$6.95$1.38
2023Detailed filing. Detailed filing data is available for this year.$57.3$57.3$12.9$6.38$6.51
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.8$50.8$9.55$9.21$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.5$50.5$5.98$3.98$2.00
2020Detailed filing. Detailed filing data is available for this year.$48.5$48.5$7.74$4.81$2.94
2019Summary only. Only limited summary data is available for this year.$46.1$0.00$7.41$3.98$3.43
2018Summary only. Only limited summary data is available for this year.$42.6$0.00$7.81$9.82$2.01
2017Summary only. Only limited summary data is available for this year.$44.6$0.00$7.59$3.61$3.98
2016Summary only. Only limited summary data is available for this year.$40.7$0.00$3.87$4.38$0.50
2015Detailed filing. Detailed filing data is available for this year.$41.2$0.00$41.2$13.0$10.2$2.80
2014Detailed filing. Detailed filing data is available for this year.$38.4$0.00$38.4$5.76$3.67$2.09
2013Summary only. Only limited summary data is available for this year.$36.3$0.00$8.29$5.35$2.94
2012Summary only. Only limited summary data is available for this year.$33.3$0.00$7.21$5.39$1.81