Civic Intelligence

Promising Scholars Fund Inc

EIN 80-0112325 • 501(c)3 • Middlebury, CT

Profile

To provide assistance in the form of scholarships to talented students

7 East Farm RoadMiddlebury, CT 06762

n/A

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

21st percentile

-25%

Higher net margin than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

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 2015

Asset Growth

23rd percentile

-34%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Revenue Growth

27th percentile

-28%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$55,738

Down $72,150 (-56%) from 2021

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue61st percentileNet Margin21st percentile

Revenue

Down

$72,166

Down $65,355 (-48%) from 2021

Expenses

Up

$89,890

Up $41,000 (+84%) from 2021

Net Income

Down

-$17,724

Down $106,355 (-120%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

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

$600K$400K$200K$0Assets 2010: $245,360Liabilities 2010: $02010Assets 2011: $205,965Net Assets 2011: $205,9652011Assets 2012: $312,978Net Assets 2012: $312,9782012Assets 2013: $350,221Net Assets 2013: $350,2212013Assets 2014: $385,036Net Assets 2014: $385,0362014Assets 2015: $371,531Net Assets 2015: $371,5312015Assets 2016: $390,007Net Assets 2016: $390,0072016Assets 2017: $435,652Net Assets 2017: $435,6522017Assets 2018: $81,614Net Assets 2018: $81,6142018Assets 2019: $81,614Liabilities 2019: $768Net Assets 2019: $80,8462019Assets 2021: $127,888Net Assets 2021: $127,8882021Assets 2023: $55,738Liabilities 2023: $02023

Highlighted filing

2023

Assets$55,738
Liabilities$0
Net Assets-
Open 2023 Filing

Operations Trend

Revenue Growth27th percentile

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

$150K$100K$50K$0-$50KRevenue 2010: $65,611Expenses 2010: $31,260Net Income 2010: $34,3512010Revenue 2011: $51,024Expenses 2011: $35,688Net Income 2011: $15,3362011Revenue 2012: $36,053Expenses 2012: $50,558Net Income 2012: -$14,5052012Revenue 2013: $66,630Expenses 2013: $46,201Net Income 2013: $20,4292013Revenue 2014: $40,487Expenses 2014: $5,672Net Income 2014: $34,8152014Revenue 2015: $22,904Expenses 2015: $36,409Net Income 2015: -$13,5052015Revenue 2016: $49,580Expenses 2016: $45,042Net Income 2016: $4,5382016Revenue 2017: $104,290Expenses 2017: $58,645Net Income 2017: $45,6452017Revenue 2018: $67,960Expenses 2018: $67,806Net Income 2018: $1542018Revenue 2019: $68,290Expenses 2019: $69,058Net Income 2019: -$7682019Revenue 2021: $137,521Expenses 2021: $48,890Net Income 2021: $88,6312021Revenue 2023: $72,166Expenses 2023: $89,890Net Income 2023: -$17,7242023

Highlighted filing

2023

Revenue$72,166
Expenses$89,890
Net Income-$17,724
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZSummary only. Only limited summary data is available for this year.

Open filing
Assets
$55,738
Liabilities
$0
Net assets
-
Revenue
$72,166
Expenses
$89,890
Net income
-$17,724
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.56$0.00$0.72$0.90$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$1.28$1.38$0.49$0.89
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.01$0.81$0.68$0.69$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.82$0.68$0.68$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.36$4.36$1.04$0.59$0.46
2016Detailed filing. Detailed filing data is available for this year.$3.90$3.90$0.50$0.45$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.72$3.72$0.23$0.36$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.85$3.85$0.40$0.06$0.35
2013Detailed filing. Detailed filing data is available for this year.$3.50$3.50$0.67$0.46$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$3.13$0.36$0.51$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$2.06$0.51$0.36$0.15
2010Summary only. Only limited summary data is available for this year.$2.45$0.00$0.66$0.31$0.34
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$67,960
Mission and Program Overview

Mission

To provide assistance in the form of scholarships to talented students

Program Services

DescriptionGrantsExpenses
Contributions were received to fund scholarships.$0$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alvin JohnsonPresident-$0--
Drew HawkinsSecretary-$0--
Carlton HighsmithTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Promising Scholars Fund Inc
EIN
80-0112325
Phone
2032394310
Address
7 East Farm Road, Middlebury, CT 06762

Signing Officer

Name
Carlton Highsmith
Title
President
Phone
2032394310
Signed
2019-05-14

Preparer

Firm
Whitt-accounts LLC
Address
30 FOUNTAIN ST, NEW HAVEN, CT 06515-1910
Preparer
Gerald A Whittaker
Phone
2033871465
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Scholarships 36540.”

Form 990EZ, Part I, Line 16

“Award cermony 3880.”

Form 990EZ, Part I, Line 16

“Other Administrative Cost 907.”

Form 990EZ, Part I, Line 16

“Golf Event 26479.”

Form 990EZ, Part I, Line 20

“Net change in fund balance -59.”

Form 990EZ, Part II, Line 24

“Cash”

Form 990EZ, Part II, Line 24

“Investment Accoount”

Raw XML Appendix164 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Carl Highsmith
IRS990EZ/BooksInCareOfDetail/PhoneNum02032485585
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt07 Eastfarm Rd
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Middlebury
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006762
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt081519
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt081614
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0154
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt081519
IRS990EZ/Form990TotalAssetsGrp/EOYAmt081614
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt067960
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt081519
IRS990EZ/NetAssetsOrFundBalancesEOYAmt081614
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt081519
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt081614
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Alvin Johnson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Drew Hawkins
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Carlton Highsmith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-59
IRS990EZ/OtherExpensesTotalAmt067806
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To provide assistance in the form of scholarships to talented students
IRS990EZ/ProgramServiceRevenueAmt067960
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Contributions were received to fund scholarships.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CT
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt067806
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt067960
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0104290
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt049580
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt022904
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt040487
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0217261
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0217261
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0104290
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt049580
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt022904
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt040487
IRS990ScheduleA/Total509Grp/TotalAmt0217261
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0217261
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Scholarships 36540.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Award cermony 3880.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other Administrative Cost 907.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Golf Event 26479.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Net change in fund balance -59.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Cash
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Investment Accoount
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 24
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Carlton Highsmith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02032394310
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Promising Scholars Fund Inc
ReturnHeader/Filer/BusinessNameControlTxt0PROM
ReturnHeader/Filer/EIN0800112325
ReturnHeader/Filer/PhoneNum02032394310
ReturnHeader/Filer/USAddress/AddressLine1Txt07 East Farm Road
ReturnHeader/Filer/USAddress/CityNm0Middlebury
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006762
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AB539F01FA2B7A80DEB1C414A018C4288B0E9776
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AB539F01FA2B7A80DEB1C414A018C4288B0E9776
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.235.238.76
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm013:32:25
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITT-ACCOUNTS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030 FOUNTAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW HAVEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0065151910
ReturnHeader/PreparerPersonGrp/PhoneNum02033871465
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gerald A Whittaker
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-14T13:32:31-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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