Civic Intelligence

Alray Taylor Second Chance Scholarship Fund Corporation

990 • Fiscal year 2020 • EIN 27-0955022

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

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

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.07x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

74th percentile

25%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$52,713

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 20.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

69th percentile

23%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

68%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$395,575

Up $74,797 (+23%) from 2019

Net Assets

Up

$377,458

Up $64,049 (+20%) from 2019

Liabilities

Up

$18,117

Up $10,748 (+146%) from 2019

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin74th percentile

Revenue

Up

$254,644

Up $103,190 (+68%) from 2019

Expenses

Up

$190,595

Up $43,870 (+30%) from 2019

Net Income

Up

$64,049

Up $59,320 (+1254%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2020

Assets$395,575
Liabilities$18,117
Net Assets$377,458
Open 2020 Filing

Operations Trend

Revenue Growth91st 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

2020

Revenue$254,644
Expenses$190,595
Net Income$64,049
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.0
Gross Receipts
$254,644
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$318,338$393,113▲ $74,775
Prepaid Expenses and Deferred Charges$1,583$2,462▲ $879
Accounts Receivable$450--
Land, Buildings, and Equipment, Net$407--
Total Assets$320,778$395,575▲ $74,797
Liabilities
Mortgage Notes Payable Secured by Investment Property-$10,705-
Accounts Payable and Accrued Expenses$7,369$7,412▲ $43
Total Liabilities$7,369$18,117▲ $10,748
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$313,409$377,458▲ $64,049
Total Net Assets Fund Balance$313,409$377,458▲ $64,049
Total Liabilities and Net Assets / Fund Balance$320,778$395,575▲ $74,797

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,221$1,221
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Janet AltmanExecutive DiFT$52,713$52,713

Board Members and Trustees

NameTitle
Neil SwideyChair
Alia CrockerDirector
Carol PachecoDirector
Edward WalkerDirector
Heidi GuarinoDirector
JACK O'BRIENDirector
Kevin FudgeDirector
Keyana WashingtonDirector
Michele CarrollDirector
Ian UrquhartClerk
Edward FinnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$252,180
Program Service Revenue
$0
Investment Income
$2,464
Other Revenue
$0
All Other Contributions
$252,180
Change in Net Assets
$64,049

Audited Revenue Reconciliation

Revenue per Audited Statements
$254,644
Total Revenue per Audited Statements
$254,644
Total Revenue per Form 990
$254,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$73,787
Other Expenses$59,786
Salaries, Compensation, and Employee Benefits$57,022
Total Fundraising Expense$38,890
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$73,787--$73,787
Current Officers, Directors, Trustees, and Key Employees$31,891$2,372$18,450$52,713
Fees for Services Other$1,838$2,847$15,345$20,030
Fees for Services Accounting-$13,600-$13,600
Advertising$4,418-$695$5,113
Occupancy$2,745$225$1,530$4,500
Payroll Taxes$2,628$215$1,466$4,309
Insurance$2,271$186$1,266$3,723
Travel$372$188-$560
Depreciation Depletion$248$21$138$407
Office Expenses$325--$325
Other Expenses$250$161-$161
Interest-$20-$20
Total Functional Expenses$129,972$21,733$38,890$190,595

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$190,595
Total Expenses per Audited Statements$190,595
Total Expenses per Form 990$190,595
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
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

“Reviewed by board of directors prior to filing.”

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

“Annual disclosure required.”

Form 990, Page 6, Part VI, Line 15A

“Compensation approved by board of directors.”

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
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Finn
Formed
2009
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
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.”

Form 990, Part IX, Line 11G

“Consulting 1,838 2,847 15,345”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt076603
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0873823
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02464
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02967
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01506
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0201
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07302
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61240
IRS990ScheduleA/PublicSupportPY170Pct00.52980
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IRS990ScheduleA/SubstantialContributorsTotAmt0334262
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0252180
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0229483
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt076603
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0873823
IRS990ScheduleA/TotalSupportAmt0881125
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01221
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IRS990ScheduleD/RevenueSubtotalAmt0254644
IRS990ScheduleD/TotalExpensesPerForm990Amt0190595
IRS990ScheduleD/TotalRevenuePerForm990Amt0254644
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0254644
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0190595
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt073787
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt032
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt3REVIEWED BY BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL DISCLOSURE REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONSULTING 1,838 2,847 15,345
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0129972
IRS990/TotalFunctionalExpensesGrp/TotalAmt0190595
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt018117
IRS990/TotalLiabilitiesGrp/BOYAmt07369
IRS990/TotalLiabilitiesGrp/EOYAmt018117
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IRS990/TotalProgramServiceExpensesAmt0129972
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0254644
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0320778
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0395575
IRS990/TravelGrp/ManagementAndGeneralAmt0188
IRS990/TravelGrp/ProgramServicesAmt0372
IRS990/TravelGrp/TotalAmt0560
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 960400
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002196
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.ALRAY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD FINN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06173956862
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$395,575
Liabilities
$18,117
Net assets
$377,458
Revenue
$254,644
Expenses
$190,595
Net income
$64,049
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
2020Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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. 2020 filings • 501(c)3 • <$500k nonprofits