Civic Intelligence

Roselli Family Scholarship

EIN 30-6151406 • 501(c)3 • Barre, VT

Profile

Most significant activity & mission is to hold, manage, administer

c/o CFSG 316 N MAIN STBarre, VT 05641

n/A

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

8th percentile

-42%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

43rd percentile

$19,941

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

34th percentile

-1.4%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

2nd percentile

-83%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$4,069,108

Up $223,817 (+5.8%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Up

$4,069,108

Up $223,817 (+5.8%) from 2019

Operations
Liabilities / Revenue20th percentileNet Margin8th percentile

Revenue

Down

$268,034

Down $23,927 (-8.2%) from 2019

Expenses

Down

$179,502

Down $957 (-0.5%) from 2019

Net Income

Down

$88,532

Down $22,970 (-21%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

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

$6.0M$4.0M$2.0M$0Assets 2013: $3,612,951Liabilities 2013: $0Net Assets 2013: $3,612,9512013Assets 2014: $3,757,915Liabilities 2014: $0Net Assets 2014: $3,757,9152014Assets 2016: $3,729,345Liabilities 2016: $0Net Assets 2016: $3,729,3452016Assets 2017: $3,773,675Liabilities 2017: $0Net Assets 2017: $3,773,6752017Assets 2019: $3,845,291Liabilities 2019: $0Net Assets 2019: $3,845,2912019Assets 2021: $4,069,108Liabilities 2021: $0Net Assets 2021: $4,069,1082021

Highlighted filing

2021

Assets$4,069,108
Liabilities$0
Net Assets$4,069,108
Open 2021 Filing

Operations Trend

Revenue Growth2nd percentile

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

$300K$200K$100K$0-$100KRevenue 2013: $179,227Expenses 2013: $111,596Net Income 2013: $67,6312013Revenue 2014: $258,710Expenses 2014: $113,746Net Income 2014: $144,9642014Revenue 2016: $105,045Expenses 2016: $127,084Net Income 2016: -$22,0392016Revenue 2017: $186,142Expenses 2017: $141,812Net Income 2017: $44,3302017Revenue 2019: $291,961Expenses 2019: $180,459Net Income 2019: $111,5022019Revenue 2021: $268,034Expenses 2021: $179,502Net Income 2021: $88,5322021

Highlighted filing

2021

Revenue$268,034
Expenses$179,502
Net Income$88,532
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,069,108
Liabilities
$0
Net assets
$4,069,108
Revenue
$268,034
Expenses
$179,502
Net income
$88,532
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$0.00$4.07$0.27$0.18$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.00$3.85$0.29$0.18$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.00$3.77$0.19$0.14$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$0.00$3.73$0.11$0.13$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$0.26$0.11$0.14
2013Detailed filing. Detailed filing data is available for this year.$3.61$0.00$3.61$0.18$0.11$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 4, 2022
Return Version
2021v4.1
Gross Receipts
$1,452,889
Mission and Program Overview

Mission

Most significant activity & mission is to hold, manage, administer and distribute scholarship funds to benefit students that are residents of the city of montpelier and have graduated from its designated high school

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,980,576$4,069,108▲ $88,532
Rtn Earn Endowment Incm Other Fnds$3,980,576$4,069,108▲ $88,532
Total Assets$3,980,576$4,069,108▲ $88,532
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,980,576$4,069,108▲ $88,532
Total Liabilities and Net Assets / Fund Balance$3,980,576$4,069,108▲ $88,532
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleOtherTotal
-(cfsg) Trustee$31,290$31,290
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$264,514
Other Revenue
$3,520
Change in Net Assets
$88,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$145,385
Other Expenses$34,117
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$145,385--$145,385
Fees for Service Investment Mgmnt Fees$0$31,290$0$31,290
Fees for Services Accounting$0$1,350$0$1,350
Other Expenses$0$1,327$0$1,327
Fees for Services Legal$0$132$0$132
Total Functional Expenses$145,385$34,117$0$179,502
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montpelier High SchoolMontpelier, VT501(c)3Scholarships$145,385
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Community Financial Services GroupCfsg Provides Inv MgmntInvestment Management FeesNo$31,290
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Roselli Family Scholarship
EIN
30-6151406
Phone
8024790645
Address
c/o CFSG 316 N MAIN ST, BARRE, VT 05641

Signing Officer

Name
Joseph P Preddy
Title
Trustee
Phone
8024790645
Signed
2022-04-04
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Vt
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Salvador and Babic PC
Address
PO Box 593, Barre, VT 05641
Preparer
Reta M Sanders CPA
Phone
8024768673
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The organization's trustee, community financial services group (cfsg), reviewed the fully prepared form 990 before it was filed with the irs. Trust officer joseph preddy reviewed all aspects of the form.”

Pt VI, Line 15A

“The organization's corporate trustee is compensated with an annual asset fee of .6% - which is on the low end of it's regular fee range of .5% to 1.0%. No staff of the trustee have compensation which is directly or indirectly tied to the organization's activities or performance.”

Pt VI, Line 19

“The organization makes it's governing documents available for public inspection at the office of the trustee.”

Raw XML Appendix363 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MOST SIGNIFICANT ACTIVITY & MISSION IS TO HOLD, MANAGE, ADMINISTER AND DISTRIBUTE SCHOLARSHIP FUNDS TO BENEFIT STUDENTS THAT ARE RESIDENTS OF THE CITY OF MONTPELIER AND HAVE GRADUATED FROM ITS DESIGNATED HIGH SCHOOL
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JOSEPH P PREDDY CFSG
IRS990/BooksInCareOfDetail/PhoneNum08024768673
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0316 NORTH MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0BARRE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005641
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0145385
IRS990/CYInvestmentIncomeAmt0264514
IRS990/CYOtherExpensesAmt034117
IRS990/CYOtherRevenueAmt03520
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt088532
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0179502
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0268034
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THROUGH LOCAL HIGH SCHOOL, DISTRIBUTED TOTAL INSTALLMENT OF MULTI-YEAR SCHOLARSHIPS TO 31 STUDENTS. DISTRIBUTED FIRST INSTALLMENT TO 11 STUDENTS, DISTRIBUTED SECOND INSTALLMENT TO 11 STUDENTS, DISTRIBUTED THIRD INSTALLMENT TO 7 STUDENTS, AND DISTRIBUTED FOURTH INSTALLMENT TO 5 STUDENTS TO ATTEND VARIOUS POST SECONDARY EDUCATIONAL INSTITUTIONS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0145385
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01350
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt01350
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0132
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt0132
IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt031290
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt031290
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0COMMUNITY FINANCIAL SERVICES GROUP
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt031290
IRS990/Form990PartVIISectionAGrp/TitleTxt0(CFSG) TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0140936
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt0145385
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0145385
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0145385
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01325791
IRS990/GrossReceiptsAmt01452889
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0123578
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0123578
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03980576
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04069108
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01184855
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MOST SIGNIFICANT ACTIVITY & MISSION IS TO HOLD, MANAGE, ADMINISTER AND DISTRIBUTE SCHOLARSHIP FUNDS TO BENEFIT STUDENTS THAT ARE RESIDENTS OF THE CITY OF MONTPELIER AND HAVE GRADUATED FROM ITS DESIGNATED HIGH SCHOOL
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03980576
IRS990/NetAssetsOrFundBalancesEOYAmt04069108
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0140936
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0140936
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1TAX ON FORIEGN INVESTMENTS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11327
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/TotalAmt018
IRS990/OtherExpensesGrp/TotalAmt11327
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt03520
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03520
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt03520
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0CFSG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0127490
IRS990/PYInvestmentIncomeAmt0291991
IRS990/PYOtherExpensesAmt029637
IRS990/PYOtherRevenueAmt0421
IRS990/PYRevenuesLessExpensesAmt0135285
IRS990/PYTotalExpensesAmt0157127
IRS990/PYTotalRevenueAmt0292412
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt088532
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03980576
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04069108
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AS TRUSTEE, CFSG MAINTAINS AN OPEN DIALOGUE WITH THE ADMINISTRATION/BUSINESS OFFICE AND THE SCHOLARSHIP COMMITTEE. THEY ARE INFORMED OF THE ANNUAL SCHOLARSHIP AMOUNT AVAILABLE AND PARAMETERS OF THE ROSELLI TRUST REGARDING REQUIREMENTS. IN RETURN, MONTPELIER HIGH SCHOOL PROVIDES THE NAMES OF ALL RECIPIENTS OF THE ROSELLI SCHOLARSHIP AND CFSG AS TRUSTEE COMMUNICATES AND TRACKS EACH INDIVIDUAL SCHOLARSHIP AWARDEE AS THEY PROGRESS THROUGH THEIR COLLEGE YEARS. CFSG VERIFIES AND MAINTAINS RECORDS ON EACH INDIVIDUAL SCHOLARSHIP RECIPIENT'S ELIGIBILITY AS PER THE TERMS OF THE TRUST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SOLE PURPOSE OF THE ROSELLI SCHOLARSHIP FUND IS TO PROVIDE EDUCATIONAL EXPENSE ASSISTANCE FOR GRADUATES OF MONTPELIER HIGH SCHOOL. MONTPELIER HIGH SCHOOL AS A SCHOLARSHIP SELECTION COMMITTEE THAT SELECTS NOT ONLY STUDENTS FOR THE ROSELLI SCHOLARSHIP BUT OTHER SCHOLARSHIP AWARDS AS WELL. MONTPELIER HIGH SCHOOL PREPARES YOUNG INDIVIDUALS TO SUCCEED AFTER HIGH SCHOOL AND THE ROSELLI SCHOLARSHIP DIRECTLY CONTRIBUTES TO THIS MISSION BY PROVIDING FUNDS FOR STUDENTS TO ATTEND 2 OR 4 YEAR COLLEGES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2WHETHER THE ROSELLI SCHOLARSHIP FUND EXISTED OR NOT, MONTPELIER HIGH SCHOOL WOULD BE A TAX EXEMPT ORGANIZATION AND WOULD BE SELECTING AND AWARDING SCHOLARSHIPS. MHS WAS DOING THIS PRIOR TO THE EXISTENCE OF THE ROSELLI SCHOLARSHIP FUND.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt IV Sec D Ln 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Pt IV Sec E Ln 2a
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Pt IV Sec E Ln 2b
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0false
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0036000578
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0145385
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MONTPELIER HIGH SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0145385
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0145385
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MONTPELIER HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0036000578
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05 HIGH SCHOOL DR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MONTPELIER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd005602
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY TELEPHONE AND CORRESPONDANCE FOLLOWUP FOR EACH SCHOLARSHIP RECIPIENT AND IT KEEPS CONTEMPORANEOUS RECORDS OF ALL ACTIVITIES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0COMMUNITY FINANCIAL SERVICES GROUP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CFSG PROVIDES INV MGMNT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt031290
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INVESTMENT MANAGEMENT FEES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S TRUSTEE, COMMUNITY FINANCIAL SERVICES GROUP (CFSG), REVIEWED THE FULLY PREPARED FORM 990 BEFORE IT WAS FILED WITH THE IRS. TRUST OFFICER JOSEPH PREDDY REVIEWED ALL ASPECTS OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S CORPORATE TRUSTEE IS COMPENSATED WITH AN ANNUAL ASSET FEE OF .6% - WHICH IS ON THE LOW END OF IT'S REGULAR FEE RANGE OF .5% TO 1.0%. NO STAFF OF THE TRUSTEE HAVE COMPENSATION WHICH IS DIRECTLY OR INDIRECTLY TIED TO THE ORGANIZATION'S ACTIVITIES OR PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE OF THE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MONTPELIER HIGH SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0036000578
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDES HIGH SCHOOL EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2 SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05 HIGH SCHOOL DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MONTPELIER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd005602
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03980576
IRS990/TotalAssetsEOYAmt04069108
IRS990/TotalAssetsGrp/BOYAmt03980576
IRS990/TotalAssetsGrp/EOYAmt04069108
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034117
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0145385
IRS990/TotalFunctionalExpensesGrp/TotalAmt0179502
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03980576
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04069108
IRS990/TotalProgramServiceExpensesAmt0145385
IRS990/TotalRevenueGrp/ExclusionAmt0268034
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0268034
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03980576
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04069108
IRS990/TotReportableCompRltdOrgAmt031290
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0316 NORTH MAIN ST
IRS990/USAddress/CityNm0BARRE
IRS990/USAddress/StateAbbreviationCd0VT
IRS990/USAddress/ZIPCd005641
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH P PREDDY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum08024790645
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROSELLI FAMILY SCHOLARSHIP
ReturnHeader/Filer/BusinessNameControlTxt0ROSE
ReturnHeader/Filer/EIN0306151406
ReturnHeader/Filer/PhoneNum08024790645
ReturnHeader/Filer/USAddress/AddressLine1Txt0c/o CFSG 316 N MAIN ST
ReturnHeader/Filer/USAddress/CityNm0BARRE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005641
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030275888
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Salvador and Babic PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 593
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Barre
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005641
ReturnHeader/PreparerPersonGrp/PhoneNum08024768673
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Reta M Sanders CPA
ReturnHeader/ReturnTs02022-05-09T10:10:43-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PREDDY
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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