Civic Intelligence

Marathon Community Scholarship Foundation

990EZ • Fiscal year 2021 • EIN 20-0091303

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 12, 2021

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 2021

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2021

Net Margin

64th percentile

33%

Higher net margin than 64% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

2021 filings • NTEE B82 • <$500k nonprofits • Source year 2021

Asset Growth

51st percentile

4.1%

Faster asset growth than 51% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

-23%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • NTEE B82 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$50,478

Up $1,979 (+4.1%) from 2020

Net Assets

Up

$50,478

Up $1,979 (+4.1%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$5,984

Down $1,760 (-23%) from 2020

Expenses

Down

$3,981

Down $827 (-17%) from 2020

Net Income

Down

$2,003

Down $933 (-32%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$50,478
Liabilities-
Net Assets$50,478

Operations Trend

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

2021

Revenue$5,984
Expenses$3,981
Net Income$2,003
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$5,984
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
COMMUNITY SCHOLARSHIP AWARDS FOR POST-SECONDARY EDUCATION FOR QUALIFIED MARATHON CENTRAL SCHOOL GRADUATES.$3,250$3,250
ENHANCE MARATHON CENTRAL HIGH SCHOOL GRADUATION AWARDS TO 85 WHOSE ENDOWMENTS DO NOT GENERATE ENOUGH INTEREST INCOME TO REACH THAT LEVEL OF AWARD.--
Compensation and Service Providers

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
2021-11-12
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 insurance 350 total 375

Form 990-ez, Part I, Line 20

Change for cumulative adjustment to prior years -24

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.

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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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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.
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES NYS CHAR 500 FEE 25 INSURANCE 350 TOTAL 375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHANGE FOR CUMULATIVE ADJUSTMENT TO PRIOR YEARS -24
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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