Civic Intelligence

Promising Scholars Fund Inc.

990EZ • Fiscal year 2016 • EIN 80-0112325

Jan 01, 2016 to Dec 31, 2016 • Filed on May 12, 2017

Organization ProfileN/A
7 East Farm RoadMiddlebury, CT 06762

(203) 239-4310

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2016

Net Margin

62nd percentile

9.2%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

56th percentile

5.0%

Faster asset growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

116%

Faster revenue growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$390,007

Up $18,476 (+5.0%) from 2015

Net Assets

Up

$390,007

Up $18,476 (+5.0%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin62nd percentile

Revenue

Up

$49,580

Up $26,676 (+116%) from 2015

Expenses

Up

$45,042

Up $8,633 (+24%) from 2015

Net Income

Up

$4,538

Up $18,043 (+134%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$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

2016

Assets$390,007
Liabilities-
Net Assets$390,007
Open 2016 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$49,580
Expenses$45,042
Net Income$4,538
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 12, 2017
Return Version
2016v3.0
Gross Receipts
$49,580
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.--
Compensation and Service Providers
Top Officer Pay75th 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
2017-05-12

Preparer

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

Additional Explanations

Form 990EZ, Part I, Line 16

“Scholarships 25000.”

Form 990EZ, Part I, Line 16

“Fundraising Cost 12997.”

Form 990EZ, Part I, Line 16

“Other Administrative Cost 7045.”

Form 990EZ, Part II, Line 24

“Cash”

Form 990EZ, Part II, Line 24

“Investment Accoount 322392. 329194.”

Raw XML Appendix150 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/BOYAmt049139
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt060813
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt04538
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0371531
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0390007
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt049580
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0371531
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0390007
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0371531
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0390007
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
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/OtherAssetsTotalDetail/BOYAmt0322392
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0329194
IRS990EZ/OtherChangesInNetAssetsAmt013938
IRS990EZ/OtherExpensesTotalAmt045042
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To provide assistance in the form of scholarships to talented students
IRS990EZ/ProgramServiceRevenueAmt049580
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONTRIBUTIONS WERE RECEIVED TO FUND SCHOLARSHIPS.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CT
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt045042
IRS990EZ/TotalRevenueAmt049580
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt049580
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt022904
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt040487
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt066630
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt036053
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0215654
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt066630
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt036053
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0102683
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0318337
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt049580
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt022904
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt040487
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0133260
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt072106
IRS990ScheduleA/Total509Grp/TotalAmt0318337
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0318337
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Scholarships 25000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Fundraising Cost 12997.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other Administrative Cost 7045.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Cash
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Investment Accoount 322392. 329194.
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 II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 24
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLTON HIGHSMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02032394310
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-12
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/IPv4AddressTxt073.100.141.120
ReturnHeader/FilingSecurityInformation/IPDt02017-05-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm007:30:12
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITT-ACCOUNTS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012 FOUNTAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW HAVEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0065151910
ReturnHeader/PreparerPersonGrp/PhoneNum02033871465
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD A WHITTAKER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-05-12T07:30:21-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$390,007
Liabilities
-
Net assets
$390,007
Revenue
$49,580
Expenses
$45,042
Net income
$4,538
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