Civic Intelligence

Ussac Fund Co Matlinpatterson Advisors LLC

EIN 20-2035617 • 501(c)3 • Bronxville, NY

Profile

USSAC FUND IS A CHARITY SET UP TO ENDOW EDUCATIONAL SCHOLARSHIPs to certain foreign and domestic colleges,universities and schools. THE FUND ALSO CONTRIBUTES MONIES TO COLLEGES,UNIVERSITIES AND SCHOOLS FOR CAPITAL EXPENDITURES.

55 Pondfield RoadBronxville, NY 10708

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

1st percentile

-4424763%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $3,141,582 (-100%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $3,141,582 (-100%) from 2020

Revenue

Down

$71

Down $558,383 (-100%) from 2020

Expenses

Up

$3,141,653

Up $2,952,606 (+1562%) from 2020

Net Income

Down

-$3,141,582

Down $3,510,989 (-950%) from 2020

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,732,745Liabilities 2010: $0Net Assets 2010: $1,732,7452010Assets 2011: $2,213,758Liabilities 2011: $0Net Assets 2011: $2,213,7582011Assets 2012: $2,485,696Liabilities 2012: $0Net Assets 2012: $2,485,6962012Assets 2013: $2,848,132Liabilities 2013: $0Net Assets 2013: $2,848,1322013Assets 2014: $3,035,838Liabilities 2014: $0Net Assets 2014: $3,035,8382014Assets 2015: $2,616,575Liabilities 2015: $98,271Net Assets 2015: $2,518,3042015Assets 2016: $2,597,077Liabilities 2016: $0Net Assets 2016: $2,597,0772016Assets 2017: $2,743,585Liabilities 2017: $0Net Assets 2017: $2,743,5852017Assets 2018: $2,897,741Liabilities 2018: $0Net Assets 2018: $2,897,7412018Assets 2019: $2,772,175Liabilities 2019: $0Net Assets 2019: $2,772,1752019Assets 2020: $3,141,582Liabilities 2020: $0Net Assets 2020: $3,141,5822020Assets 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities-
Net Assets$0

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $9842010Expenses 2011: $333,0332011Revenue 2012: $696,377Expenses 2012: $424,439Net Income 2012: $271,9382012Revenue 2013: $549,988Expenses 2013: $187,552Net Income 2013: $362,4362013Revenue 2014: $268,155Expenses 2014: $80,449Net Income 2014: $187,7062014Revenue 2015: -$361,276Expenses 2015: $156,258Net Income 2015: -$517,5342015Revenue 2016: $643,330Expenses 2016: $139,168Net Income 2016: $504,1622016Revenue 2017: $1,508,263Expenses 2017: $1,361,755Net Income 2017: $146,5082017Revenue 2018: $462,757Expenses 2018: $308,601Net Income 2018: $154,1562018Revenue 2019: $242,771Expenses 2019: $368,337Net Income 2019: -$125,5662019Revenue 2020: $558,454Expenses 2020: $189,047Net Income 2020: $369,4072020Revenue 2021: $71Expenses 2021: $3,141,653Net Income 2021: -$3,141,5822021

Highlighted filing

2021

Revenue$71
Expenses$3,141,653
Net Income-$3,141,582

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 31, 2022
Return Version
2021v4.0
Gross Receipts
$71
Mission and Program Overview

Mission

USSAC FUND IS A CHARITY SET UP TO ENDOW EDUCATIONAL SCHOLARSHIPs to certain foreign and domestic colleges,universities and schools. THE FUND ALSO CONTRIBUTES MONIES TO COLLEGES,UNIVERSITIES AND SCHOOLS FOR CAPITAL EXPENDITURES.

Program Services

DescriptionGrantsExpenses
$3,141,609.36 fund was transferred to Maitland Trustees Limited (now known as Stonehage Fleming Trustees Limited), which is located in the Isle of Man, to continue to manage the fund and support St. Andrew's College in Grahamstown, South Africa (Grahamstown has been renamed Makhanda since these transfers took place)The Trust Object is the provision of funding to the School for:1. The provision of bursaries and/or scholarships to enable deserving pupils to attend the School, as selected by the School, its governing council or such other body as may be appointed for the purposes of selecting deserving pupils for scholarships and/or bursaries to the School; 2. With the written consent of the Enforcer, the development, improvement or enhancement of educational, pastoral or sporting facilities for the School.$3,141,609$3,141,609
$181,640 IN GRANTS TO ST. ANDREW'S COLLEGE FOR BOXER SCHOLARSHIPS AND TUITION PAYMENTS.--
A $4,991 GRANT TO MONTERREY INSTITUTE OF TECHNOLOGY FOR STUDENTS TUITION PAYMENTS.--
A $1,000 GRANT TO THE JULLIARD SCHOOL FOR STUDENTS TUITION PAYMENTS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK PATTERSONPresident-$0--
SIMON UPFILL-BROWNSecretary-$0--
RODGER GEELDirector-$0--
NICHOLAS UTTONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Ussac Fund
EIN
20-2035617
Phone
9149611200
Address
55 PONDFIELD ROAD, BRONXVILLE, NY 10708

Signing Officer

Name
Mark Patterson
Title
President
Signed
2022-10-31
Discuss with paid preparer
Yes

Preparer

Firm
Hymes Barrera & Kim CPA Llp
Address
55 PONDFIELD RD, BRONXVILLE, NY 10708
Preparer
Haram Kim CPA
Phone
9149611200
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.8

Class of Activity: GENERAL FUNDING | Donee's Name: Maitland Trustees Limited | Donee's Address: FALCON CLIFF, PALACE ROAD DOUGLAS IM2 4LB Man, Isle of | Relationship of Donee: NONE | Cash Amount Given: $3141609

Other Expenses.1

BANK CHARGES $44

Other Assets.1

DIVIDENDS RECEIVABLE - Beginning $575 DIVIDENDS RECEIVABLE - Ending $0

Raw XML Appendix165 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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0$181,640 IN GRANTS TO ST. ANDREW'S COLLEGE FOR BOXER SCHOLARSHIPS AND TUITION PAYMENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1A $4,991 GRANT TO MONTERREY INSTITUTE OF TECHNOLOGY FOR STUDENTS TUITION PAYMENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2A $1,000 GRANT TO THE JULLIARD SCHOOL FOR STUDENTS TUITION PAYMENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3$3,141,609.36 fund was transferred to Maitland Trustees Limited (now known as Stonehage Fleming Trustees Limited), which is located in the Isle of Man, to continue to manage the fund and support St. Andrew's College in Grahamstown, South Africa (Grahamstown has been renamed Makhanda since these transfers took place)The Trust Object is the provision of funding to the School for:1. The provision of bursaries and/or scholarships to enable deserving pupils to attend the School, as selected by the School, its governing council or such other body as may be appointed for the purposes of selecting deserving pupils for scholarships and/or bursaries to the School; 2. With the written consent of the Enforcer, the development, improvement or enhancement of educational, pastoral or sporting facilities for the School.
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: GENERAL FUNDING | Donee's Name: Maitland Trustees Limited | Donee's Address: FALCON CLIFF, PALACE ROAD DOUGLAS IM2 4LB Man, Isle of | Relationship of Donee: NONE | Cash Amount Given: $3141609
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ReturnHeader/TaxPeriodEndDt02021-12-31
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