Civic Intelligence

Alray Taylor Second Chance Scholarship Fund Corporation

990 • Fiscal year 2018 • EIN 27-0955022

Jul 01, 2017 to Jun 30, 2018 • Filed on May 08, 2019

Organization ProfileWWW.ALRAY.ORG
PO Box 960400Boston, MA 02196

(617) 395-6862

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

88th percentile

$33,613

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

63rd percentile

9.9%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-27%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$323,143

Up $29,241 (+9.9%) from 2017

Net Assets

Up

$308,680

Up $19,692 (+6.8%) from 2017

Liabilities

Up

$14,463

Up $9,549 (+194%) from 2017

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin66th percentile

Revenue

Down

$168,575

Down $61,174 (-27%) from 2017

Expenses

Up

$148,883

Up $38,928 (+35%) from 2017

Net Income

Down

$19,692

Down $100,102 (-84%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$1.0M$500K$0Assets 2015: $184,417Net Assets 2015: $184,4172015Assets 2016: $169,745Liabilities 2016: $551Net Assets 2016: $169,1942016Assets 2017: $293,902Liabilities 2017: $4,914Net Assets 2017: $288,9882017Assets 2018: $323,143Liabilities 2018: $14,463Net Assets 2018: $308,6802018Assets 2019: $320,778Liabilities 2019: $7,369Net Assets 2019: $313,4092019Assets 2020: $395,575Liabilities 2020: $18,117Net Assets 2020: $377,4582020Assets 2021: $539,266Liabilities 2021: $10,412Net Assets 2021: $528,8542021Assets 2022: $647,176Liabilities 2022: $14,072Net Assets 2022: $633,1042022Assets 2023: $866,563Liabilities 2023: $15,067Net Assets 2023: $851,4962023Assets 2024: $906,839Liabilities 2024: $12,925Net Assets 2024: $893,9142024

Highlighted filing

2018

Assets$323,143
Liabilities$14,463
Net Assets$308,680
Open 2018 Filing

Operations Trend

Revenue Growth19th percentile

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

$600K$400K$200K$0-$200KRevenue 2015: $153,614Expenses 2015: $78,756Net Income 2015: $74,8582015Revenue 2016: $76,804Expenses 2016: $92,027Net Income 2016: -$15,2232016Revenue 2017: $229,749Expenses 2017: $109,955Net Income 2017: $119,7942017Revenue 2018: $168,575Expenses 2018: $148,883Net Income 2018: $19,6922018Revenue 2019: $151,454Expenses 2019: $146,725Net Income 2019: $4,7292019Revenue 2020: $254,644Expenses 2020: $190,595Net Income 2020: $64,0492020Revenue 2021: $329,000Expenses 2021: $177,604Net Income 2021: $151,3962021Revenue 2022: $329,452Expenses 2022: $225,202Net Income 2022: $104,2502022Revenue 2023: $597,116Expenses 2023: $381,658Net Income 2023: $215,4582023Revenue 2024: $598,144Expenses 2024: $555,706Net Income 2024: $42,4382024

Highlighted filing

2018

Revenue$168,575
Expenses$148,883
Net Income$19,692
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 8, 2019
Return Version
2017v2.3
Gross Receipts
$168,575
Mission and Program Overview

Mission

To provide scholarship, mentoring and educational assistance to graduates of boston public high schools or boston charter high schools who are seeking to complete college, trade school or vocational programs which they began upon graduation but were unable to complete due to a range of family, personal or educational reasons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$193,803$288,995▲ $95,192
Pledges and Grants Receivable$100,000$33,334▼ $66,666
Land, Buildings, and Equipment, Net-$814-
Prepaid Expenses and Deferred Charges$99--
Total Assets$293,902$323,143▲ $29,241
Liabilities
Accounts Payable and Accrued Expenses$4,914$14,463▲ $9,549
Total Liabilities$4,914$14,463▲ $9,549
Net Assets / Fund Balance
Unrestricted Net Assets$288,988$275,346▼ $13,642
Temporarily Rstr Net Assets-$33,334-
Total Net Assets Fund Balance$288,988$308,680▲ $19,692
Total Liabilities and Net Assets / Fund Balance$293,902$323,143▲ $29,241

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$814$407$1,221
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Janet AltmanExecutive DiFT$33,613$33,613

Board Members and Trustees

NameTitle
Neil SwideyChair
Anne ComberDirector
Carol PachecoDirector
Edward WalkerDirector
Heidi GuarinoDirector
JACK O'BRIENDirector
Kevin FudgeDirector
Lee BertramDirector
Nicholas SouffrantDirector
Sue CuylerDirector
Ian UrquhartClerk
Frank BrayerFormer Treas
Edward FinnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,069
Program Service Revenue
$0
Investment Income
$1,506
Other Revenue
$0
All Other Contributions
$167,069
Change in Net Assets
$19,692

Audited Revenue Reconciliation

Revenue per Audited Statements
$168,575
Total Revenue per Audited Statements
$168,575
Total Revenue per Form 990
$168,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$63,932
Salaries, Compensation, and Employee Benefits$49,335
Other Expenses$35,616
Total Fundraising Expense$16,158
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$63,932--$63,932
Current Officers, Directors, Trustees, and Key Employees$31,228$2,231$11,153$44,612
Fees for Services Other$5,821-$2,275$8,096
Fees for Services Accounting-$7,136-$7,136
Payroll Taxes$3,306$236$1,181$4,723
Occupancy$2,100$150$750$3,000
Advertising$2,698-$84$2,782
Insurance$827$59$296$1,182
All Other Expenses$1,030--$1,030
Other Expenses$648$46$232$926
Office Expenses$593-$85$678
Depreciation Depletion$285$20$102$407
Total Functional Expenses$120,987$11,738$16,158$148,883

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$148,883
Total Expenses per Audited Statements$148,883
Total Expenses per Form 990$148,883
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
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“Board elections are held at board meetings and voted on by the full board each year.”

Form 990, Page 6, Part VI, Line 7B

“Board approval is voted on at board meetings”

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“Annual disclosure required.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Alray Taylor Second Chance
EIN
27-0955022
Phone
6173956862
Address
PO BOX 960400, BOSTON, MA 02196

Signing Officer

Name
Edward Finn
Title
Treasurer
Phone
6173956862
Signed
2019-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Finn
Formed
2009
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
1

Preparer

Firm
Gonzalez and Associates Pc
Address
14 PAGE TERRACE, STOUGHTON, MA 02072
Preparer
Lillian Gonzalez CPA Mst Csep Csrp
Phone
7813441040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide scholarship, mentoring and educational assistance to graduates of boston public high schools or boston charter high schools who are seeking to complete college, trade school or vocational programs which they began upon graduation but were unable to complete due to a range of family, personal or educational reasons.”

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt033334
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt099
IRS990/PrincipalOfficerNm0EDWARD FINN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0229585
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt051058
IRS990/PYInvestmentIncomeAmt0164
IRS990/PYOtherExpensesAmt027984
IRS990/PYRevenuesLessExpensesAmt0119794
IRS990/PYSalariesCompEmpBnftPaidAmt030913
IRS990/PYTotalExpensesAmt0109955
IRS990/PYTotalRevenueAmt0229749
IRS990/ReconcilationRevenueExpnssAmt019692
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0167069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0229483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt076603
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt053356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt023481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0549992
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01506
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0201
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0215
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02344
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.50290
IRS990ScheduleA/PublicSupportPY170Pct00.41920
IRS990ScheduleA/PublicSupportTotal170Amt0277774
IRS990ScheduleA/SubstantialContributorsTotAmt0272218
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0167069
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0229483
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt076603
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt053356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt023481
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0549992
IRS990ScheduleA/TotalSupportAmt0552336
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0814
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0407
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01221
IRS990ScheduleD/ExpensesSubtotalAmt0148883
IRS990ScheduleD/RevenueSubtotalAmt0168575
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0814
IRS990ScheduleD/TotalExpensesPerForm990Amt0148883
IRS990ScheduleD/TotalRevenuePerForm990Amt0168575
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0168575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0148883
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt063932
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt031
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE SCHOLARSHIP, MENTORING AND EDUCATIONAL ASSISTANCE TO GRADUATES OF BOSTON PUBLIC HIGH SCHOOLS OR BOSTON CHARTER HIGH SCHOOLS WHO ARE SEEKING TO COMPLETE COLLEGE, TRADE SCHOOL OR VOCATIONAL PROGRAMS WHICH THEY BEGAN UPON GRADUATION BUT WERE UNABLE TO COMPLETE DUE TO A RANGE OF FAMILY, PERSONAL OR EDUCATIONAL REASONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD ELECTIONS ARE HELD AT BOARD MEETINGS AND VOTED ON BY THE FULL BOARD EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD APPROVAL IS VOTED ON AT BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL DISCLOSURE REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt033334
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0293902
IRS990/TotalAssetsEOYAmt0323143
IRS990/TotalAssetsGrp/BOYAmt0293902
IRS990/TotalAssetsGrp/EOYAmt0323143
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0167069
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016158
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011738
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0120987
IRS990/TotalFunctionalExpensesGrp/TotalAmt0148883
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04914
IRS990/TotalLiabilitiesEOYAmt014463
IRS990/TotalLiabilitiesGrp/BOYAmt04914
IRS990/TotalLiabilitiesGrp/EOYAmt014463
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0288988
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0308680
IRS990/TotalProgramServiceExpensesAmt0120987
IRS990/TotalReportableCompFromOrgAmt033613
IRS990/TotalRevenueGrp/ExclusionAmt01506
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0168575
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0293902
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0323143
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0288988
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0275346
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 960400
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002196
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.ALRAY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD FINN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06173956862
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALRAY TAYLOR SECOND CHANCE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOLARSHIP FUND CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ALRA
ReturnHeader/Filer/EIN0270955022
ReturnHeader/Filer/PhoneNum06173956862
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 960400
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$323,143
Liabilities
$14,463
Net assets
$308,680
Revenue
$168,575
Expenses
$148,883
Net income
$19,692
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.07$0.13$8.94$5.98$5.56$0.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.67$0.15$8.51$5.97$3.82$2.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.47$0.14$6.33$3.29$2.25$1.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.39$0.10$5.29$3.29$1.78$1.51
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$0.18$3.77$2.55$1.91$0.64
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$0.07$3.13$1.51$1.47$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.23$0.14$3.09$1.69$1.49$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.05$2.89$2.30$1.10$1.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.01$1.69$0.77$0.92$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.84$1.84$1.54$0.79$0.75
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • <$500k nonprofits