Civic Intelligence

Ispe Boston Area Chapter Scholarship Foundation Inc.

990EZ • Fiscal year 2020 • EIN 82-2457536

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 21, 2020

411 Waverly Oaks Road Suite 421Waltham, MA 02452

(781) 647-4773

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 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

90th percentile

56%

Higher net margin than 90% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

90th percentile

124%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

59th percentile

-4.4%

Faster revenue growth than 59% of similar nonprofits.

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

Assets

Up

$98,991

Up $54,715 (+124%) from 2019

Net Assets

Up

$98,991

Up $54,715 (+124%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$98,300

Down $4,528 (-4.4%) from 2019

Expenses

Down

$43,585

Down $14,967 (-26%) from 2019

Net Income

Up

$54,715

Up $10,439 (+24%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2019: $44,276Net Assets 2019: $44,2762019Assets 2020: $98,991Net Assets 2020: $98,9912020Assets 2021: $98,068Net Assets 2021: $98,0682021Assets 2022: $127,001Net Assets 2022: $127,0012022Assets 2023: $163,615Net Assets 2023: $163,6152023Assets 2024: $211,328Net Assets 2024: $211,3282024Assets 2025: $249,129Net Assets 2025: $249,1292025

Highlighted filing

2020

Assets$98,991
Liabilities-
Net Assets$98,991

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2019: $102,828Expenses 2019: $58,552Net Income 2019: $44,2762019Revenue 2020: $98,300Expenses 2020: $43,585Net Income 2020: $54,7152020Revenue 2021: $55,959Expenses 2021: $56,884Net Income 2021: -$9252021Revenue 2022: $82,885Expenses 2022: $53,953Net Income 2022: $28,9322022Revenue 2023: $89,738Expenses 2023: $53,123Net Income 2023: $36,6152023Revenue 2024: $109,000Expenses 2024: $61,287Net Income 2024: $47,7132024Revenue 2025: $98,747Expenses 2025: $61,587Net Income 2025: $37,1602025

Highlighted filing

2020

Revenue$98,300
Expenses$43,585
Net Income$54,715
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 21, 2020
Return Version
2019v5.0
Gross Receipts
$98,300
Mission and Program Overview

Mission

The ispe boston area chapter scholarship foundation, inc. Administers the joel goldenberg memorial scholarship fund program ("scholarship program"). This merit-based scholarship program was created for the purpose of giving back to its community of professionals in the effort to further the knowledge base and skill sets of individuals. This scholarship program is being administered in honor of joel goldenberg, a past president of the boston area chapter, whose wish was to support the educational pursuits of international society for pharmaceutical engineering (ispe) members and others looking to further their education and career development in the field of pharmaceutical engineering. The corporation shall be organized and operated exclusiviely for charitable, scientific, and educational purposes within the meaning of 501(c)(3) of the internal revenue code of 1986, as now in effect or as may hereafter be amended ("the code") and section 4 (a)of chapter 180 of the massachusetts general

Program Services

DescriptionGrantsExpenses
DIRECT SCHOLARSHIPS-$43,583
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
H STEVEN KENNEDYPresident-$0--
JANET TICEVice Preside-$0--
DAVE NOVAKSecretary-$0--
CHRIS OPOLSKITreasurer-$0--
DOYLE JOHNSONFoundation C-$0--
ANDRE WALKERScholarship-$0--
JAMES GRUNWALDDirector-$0--
KEVIN CHRONLEYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Ispe Boston Area Chapter
EIN
82-2457536
Phone
7816474773
Address
411 WAVERLY OAKS ROAD SUITE 421, WALTHAM, MA 02452

Signing Officer

Name
H Steven Kennedy
Title
President
Phone
7816474773
Signed
2020-09-21

Preparer

Firm
Dha-aac Group LLC
Address
779 HIGH ST, CUMBERLAND, RI 02864
Preparer
Justin Duquette CPA
Phone
4014054455
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office supplies 54 storage 60 bank fees 150 credit card fees 562 licenses and fees 89 telephone 600 website hosting 419 meeting expense 637 event expense 757 insurance 1,015 scholarships granted 24,672 total 29,015

Form 990-ez, Part III

The ispe boston area chapter scholarship foundation, inc. Administers the joel goldenberg memorial scholarship fund program ("scholarship program"). This merit-based scholarship program was created for the purpose of giving back to its community of professionals in the effort to further the knowledge base and skill sets of individuals. This scholarship program is being administered in honor of joel goldenberg, a past president of the boston area chapter, whose wish was to support the educational pursuits of international society for pharmaceutical engineering (ispe) members and others looking to further their education and career development in the field of pharmaceutical engineering. The corporation shall be organized and operated exclusiviely for charitable, scientific, and educational purposes within the meaning of 501(c)(3) of the internal revenue code of 1986, as now in effect or as may hereafter be amended ("the code") and section 4 (a)of chapter 180 of the massachusetts general laws.

Raw XML Appendix141 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0H STEVEN KENNEDY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7KEVIN CHRONLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
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IRS990EZ/PrimaryExemptPurposeTxt0THE ISPE BOSTON AREA CHAPTER SCHOLARSHIP FOUNDATION, INC. ADMINISTERS THE JOEL GOLDENBERG MEMORIAL SCHOLARSHIP FUND PROGRAM ("SCHOLARSHIP PROGRAM"). THIS MERIT-BASED SCHOLARSHIP PROGRAM WAS CREATED FOR THE PURPOSE OF GIVING BACK TO ITS COMMUNITY OF PROFESSIONALS IN THE EFFORT TO FURTHER THE KNOWLEDGE BASE AND SKILL SETS OF INDIVIDUALS. THIS SCHOLARSHIP PROGRAM IS BEING ADMINISTERED IN HONOR OF JOEL GOLDENBERG, A PAST PRESIDENT OF THE BOSTON AREA CHAPTER, WHOSE WISH WAS TO SUPPORT THE EDUCATIONAL PURSUITS OF INTERNATIONAL SOCIETY FOR PHARMACEUTICAL ENGINEERING (ISPE) MEMBERS AND OTHERS LOOKING TO FURTHER THEIR EDUCATION AND CAREER DEVELOPMENT IN THE FIELD OF PHARMACEUTICAL ENGINEERING. THE CORPORATION SHALL BE ORGANIZED AND OPERATED EXCLUSIVIELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN EFFECT OR AS MAY HEREAFTER BE AMENDED ("THE CODE") AND SECTION 4 (A)OF CHAPTER 180 OF THE MASSACHUSETTS GENERAL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 54 STORAGE 60 BANK FEES 150 CREDIT CARD FEES 562 LICENSES AND FEES 89 TELEPHONE 600 WEBSITE HOSTING 419 MEETING EXPENSE 637 EVENT EXPENSE 757 INSURANCE 1,015 SCHOLARSHIPS GRANTED 24,672 TOTAL 29,015
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ISPE BOSTON AREA CHAPTER SCHOLARSHIP FOUNDATION, INC. ADMINISTERS THE JOEL GOLDENBERG MEMORIAL SCHOLARSHIP FUND PROGRAM ("SCHOLARSHIP PROGRAM"). THIS MERIT-BASED SCHOLARSHIP PROGRAM WAS CREATED FOR THE PURPOSE OF GIVING BACK TO ITS COMMUNITY OF PROFESSIONALS IN THE EFFORT TO FURTHER THE KNOWLEDGE BASE AND SKILL SETS OF INDIVIDUALS. THIS SCHOLARSHIP PROGRAM IS BEING ADMINISTERED IN HONOR OF JOEL GOLDENBERG, A PAST PRESIDENT OF THE BOSTON AREA CHAPTER, WHOSE WISH WAS TO SUPPORT THE EDUCATIONAL PURSUITS OF INTERNATIONAL SOCIETY FOR PHARMACEUTICAL ENGINEERING (ISPE) MEMBERS AND OTHERS LOOKING TO FURTHER THEIR EDUCATION AND CAREER DEVELOPMENT IN THE FIELD OF PHARMACEUTICAL ENGINEERING. THE CORPORATION SHALL BE ORGANIZED AND OPERATED EXCLUSIVIELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN EFFECT OR AS MAY HEREAFTER BE AMENDED ("THE CODE") AND SECTION 4 (A)OF CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07816474773
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-21
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ReturnHeader/Filer/PhoneNum07816474773
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002864
ReturnHeader/PreparerPersonGrp/PhoneNum04014054455
ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTIN DUQUETTE CPA
ReturnHeader/ReturnTs02020-10-30T15:40:21-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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Filings