Promising Scholars Fund Inc.

990EZ • Fiscal year 2011 • EIN 80-0112325

Jan 01, 2011 to Dec 31, 2011 • Filed on May 14, 2012

Organization Profile N/A

7 East Farm Road06762

Siviq Scores

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

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2011

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

30%

Higher net margin than 85% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

No value available

This filing does not contain officer compensation rows.

Source year 2011

-16%

Faster asset growth than 26% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

-22%

Faster revenue growth than 24% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

Down

$205,965

Down $39,395 (-16%) from 2010

Net Assets

$205,965

No earlier filing loaded for comparison.

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin85th percentile

Revenue

Down

$51,024

Down $14,587 (-22%) from 2010

Expenses

$35,688

Up $4,428 (+14%) from 2010

Net Income

Down

$15,336

Down $19,015 (-55%) from 2010

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

Highlighted filing

2011

Assets$205,965

Liabilities-

Net Assets$205,965

Open 2011 Filing

Operations Trend

Revenue Growth24th percentile

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

Highlighted filing

2011

Revenue$51,024

Expenses$35,688

Net Income$15,336

Open 2011 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2011 to Dec 31, 2011
Signed: May 14, 2012
Return Version: 2011v1.2

Mission and Program Overview

Mission

To provide assistance in the form of scholarships to talented students

Filing and Contact Details

Filer

EIN: 80-0112325

Raw XML Appendix145 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/ActivitiesNotPreviouslyRpt	0	false
IRS990EZ/CashSavingsAndInvestments/BOY	0	48351
IRS990EZ/CashSavingsAndInvestments/EOY	0	68050
IRS990EZ/ContributionsGiftsGrantsEtc	0	0
IRS990EZ/CostOfGoodsSold	0	0
IRS990EZ/CostOtherBasisAndSalesExpenses	0	0
IRS990EZ/DidOrgFileForm1120POLThisYear	0	false
IRS990EZ/DoesOrgHaveHospital	0	false
IRS990EZ/EngagedInExcessBenefitTrans	0	false
IRS990EZ/EngageInLobbyingActivities	0	false
IRS990EZ/EngagePoliticalCmpgnActivities	0	false
IRS990EZ/ExcessOrDeficitForYear	0	15336
IRS990EZ/FeesAndOthPymtToIndContractors	0	500
IRS990EZ/FiledScheduleA	0	false
IRS990EZ/ForeignFinancialAccount	0	false
IRS990EZ/ForeignOffice	0	false
IRS990EZ/FundraisingGrossIncome	0	51024
IRS990EZ/GainOrLossFromSaleOfAssets	0	0
IRS990EZ/GamingGrossIncome	0	0
IRS990EZ/GroProfitLossSalesOfInventory	0	0
IRS990EZ/GrossReceipts	0	51024
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InfoInScheduleOPartII	0	X
IRS990EZ/InvestmentIncome	0	0
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	false
IRS990EZ/MadeLoansToFromOfficers	0	false
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	false
IRS990EZ/MembershipDues	0	0
IRS990EZ/MethodOfAccountingCash	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	245360
IRS990EZ/NetAssetsOrFundBalancesBOY	0	245360
IRS990EZ/NetAssetsOrFundBalances/EOY	0	205965
IRS990EZ/NetAssetsOrFundBalancesEOY	0	205965
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine1	0	47 UPPER STATE STREET
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine1	1	25 CARRIAGE DRIVE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/AddressLine1	2	7 EAST FARM RD
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City	0	NORTH HAVEN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City	1	EASTON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/City	2	MIDDLEBURY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	0	CT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	1	CT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/State	2	CT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	0	06518
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	1	06612
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AddressUS/ZIPCode	2	06762
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	1	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	2	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	ALVIN JOHNSON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	DREW HAWKINS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	CARL HIGHSMITH
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	President
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	Secretary
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	Treasurer
IRS990EZ/OperatingSchool	0	false
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	false
IRS990EZ/OrganizationHadUBI	0	false
IRS990EZ/OtherAssetsTotal/BOY	0	197009
IRS990EZ/OtherAssetsTotal/EOY	0	137915
IRS990EZ/OtherChangesInNetAssets	0	-54731
IRS990EZ/OtherExpensesTotal	0	35188
IRS990EZ/PartVIAHghstPaidCntrctProfSer	0	NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl	0	NONE
IRS990EZ/PrimaryExemptPurpose	0	To provide assistance in the form of scholarships to talented students
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	CONTRIBUTIONS WERE RECEIVED TO FUND SCHOLARSHIPS.
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	15983
IRS990EZ/ProgramServiceRevenue	0	0
IRS990EZ/ProhibitedTaxShelterTrans	0	false
IRS990EZ/RelatedOrgControlledEntity	0	false
IRS990EZ/RelatedOrgSection527Org	0	false
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SpecialEventsDirectExpenses	0	0
IRS990EZ/SpecialEventsNetIncomeLoss	0	51024
IRS990EZ/StatesWhereCopyOfReturnIsFiled	0	CT
IRS990EZ/SubjectToProxyTax	0	false
IRS990EZ/TanningServicesProvided	0	false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	7 EASTFARM RD
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	MIDDLEBURY
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	CT
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	06762
IRS990EZ/TheBooksAreInCareOf/NamePerson	0	CARL HIGHSMITH
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	2032485585
IRS990EZ/TotalAssets/BOY	0	245360
IRS990EZ/TotalAssets/EOY	0	205965
IRS990EZ/TotalExpenses	0	35688
IRS990EZ/TotalProgramServiceExpenses	0	15983
IRS990EZ/TotalRevenue	0	51024
IRS990EZ/TransactionWithControlEntity	0	false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg	0	false
IRS990EZ/WebSite	0	N/A
IRS990ScheduleA/GrossInvestmentIncome170/Total	0	0
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYear	0	51024
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYearMinus1Year	0	39765
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYearMinus2Years	0	7076
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYearMinus3Years	0	73726
IRS990ScheduleA/GrossReceiptsFromNonUBI/CurrentTaxYearMinus4Years	0	49135
IRS990ScheduleA/GrossReceiptsFromNonUBI/Total	0	220726
IRS990ScheduleA/InvestmentIncomePercentage	0	0
IRS990ScheduleA/PriorYearSupportPercentage	0	1.00000
IRS990ScheduleA/PubliclySupportedOrg509a2	0	X
IRS990ScheduleA/PublicSupportPercentage509	0	1.00000
IRS990ScheduleA/PublicSupportPertcentage170	0	0
IRS990ScheduleA/PublicSupportTotal170	0	0
IRS990ScheduleA/PublicSupportTotal509	0	220726
IRS990ScheduleA/ThirtyThreePercntTestsCY509	0	X
IRS990ScheduleA/Total509/CurrentTaxYear	0	51024
IRS990ScheduleA/Total509/CurrentTaxYearMinus1Year	0	39765
IRS990ScheduleA/Total509/CurrentTaxYearMinus2Years	0	7076
IRS990ScheduleA/Total509/CurrentTaxYearMinus3Years	0	73726
IRS990ScheduleA/Total509/CurrentTaxYearMinus4Years	0	49135
IRS990ScheduleA/Total509/Total	0	220726
IRS990ScheduleA/TotalSupportTotal/Total	0	220726
IRS990ScheduleO/GeneralExplanation/Explanation	0	SCHOLARSHIPS 16000. FUNDRAISING COST 15983. OTHER ADMINISTRATIVE COST 3205.
IRS990ScheduleO/GeneralExplanation/Explanation	1	CASH 0. INVESTMENT ACCOOUNT 197009.
IRS990ScheduleO/GeneralExplanation/Identifier	0	Form 990EZ, Part I, Line 16
IRS990ScheduleO/GeneralExplanation/Identifier	1	Form 990EZ, Part II, Line 24
ReturnHeader/BuildTS	0	2016-02-24 21:20:13Z
ReturnHeader/Filer/EIN	0	800112325
ReturnHeader/Filer/Name/BusinessNameLine1	0	PROMISING SCHOLARS FUND INC
ReturnHeader/Filer/NameControl	0	PROM
ReturnHeader/Filer/Phone	0	2032394310
ReturnHeader/Filer/USAddress/AddressLine1	0	7 EAST FARM ROAD
ReturnHeader/Filer/USAddress/City	0	MIDDLEBURY
ReturnHeader/Filer/USAddress/State	0	CT
ReturnHeader/Filer/USAddress/ZIPCode	0	06762
ReturnHeader/Officer/DateSigned	0	2012-05-14
ReturnHeader/Officer/Name	0	CARLTON HIGHSMITH
ReturnHeader/Officer/Phone	0	2032394310
ReturnHeader/Officer/Title	0	TREASURER
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	WHITT-ACCOUNTS LLC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	12 FOUNTAIN ST
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	NEW HAVEN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	CT
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	065151910
ReturnHeader/Preparer/Name	0	GERALD A WHITTAKER
ReturnHeader/Preparer/SelfEmployed	0	X
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2011-01-01
ReturnHeader/TaxPeriodEndDate	0	2011-12-31
ReturnHeader/TaxYear	0	2011
ReturnHeader/Timestamp	0	2012-05-14T08:12:23-07:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $205,965
Liabilities: -
Net assets: $205,965
Revenue: $51,024
Expenses: $35,688
Net income: $15,336

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net 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