Stephen Montgomery Scholarship Fund

990PF • Fiscal year 2023 • EIN 85-6775101

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 01, 2024

Organization Profile

PO Box 473Barre, VT 05641

(802) 479-2552

Siviq Scores

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

0.00x

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

2023 filings • $1M-$5M nonprofits • Source year 2023

0.00x

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

2023 filings • $1M-$5M nonprofits • Source year 2023

98%

Higher net margin than 97% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Source year 2023

$8,656

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2023 filings • $1M-$5M nonprofits • Source year 2023

212%

Faster asset growth than 98% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Annualized from 2022 to 2023

763%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets31st percentile

Assets

$1,225,966

Up $833,540 (+212%) from 2022

Net Assets

$1,225,966

Up $846,266 (+223%) from 2022

Liabilities

Down

Down $12,726 (-100%) from 2022

Revenue And Expenses

Liabilities / Revenue29th percentile Net Margin97th percentile

Revenue

$867,213

Up $766,776 (+763%) from 2022

Expenses

$20,947

Up $5,285 (+34%) from 2022

Net Income

$846,266

Up $761,491 (+898%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

Highlighted filing

2023

Assets$1,225,966

Liabilities$0

Net Assets$1,225,966

Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

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

Highlighted filing

2023

Revenue$867,213

Expenses$20,947

Net Income$846,266

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2023 to Dec 31, 2023
Signed: Mar 1, 2024
Return Version: 2023v5.0

Compensation and Service Providers

Top Officer Pay49th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
ADRIAN OTTERMAN	Trustee	-	$8,656	-	$8,656

Grants and Assistance

Foundation Grants and Related Investments

Type	Recipient	Purpose	Status	Location	Amount
Paid Grant	VERMONT STATE UNIVERSITY	SCHOLARSHIPS	501(C)3	JOHNSON, VT, US	$4,700
Paid Grant	VERMONT STATE UNIVERSITY	SCHOLARSHIPS	501(C)3	JOHNSON, VT, US	$3,000
Paid Grant	WORCESTER POLYTECHNIC INSTITUTE	SCHOLARSHIPS	501(C)3	WORCESTER, MA, US	$1,400
Paid Grant	COMMUNITY COLLEGE OF VERMONT	SCHOLARSHIPS	501(C)3	MONTPELIER, VT, US	$1,400

Filing and Contact Details

Filer

Filer Name: Stephen Montgomery Scholarship Fund
EIN: 85-6775101
Phone: 8024792552
Address: PO BOX 473, BARRE, VT 05641

Signing Officer

Name: Adrian Otterman
Title: Trustee
Phone: 8024792552
Signed: 2024-03-01
Discuss with paid preparer: Yes

Preparer

Firm: Salvador and Babic PC
Address: PO Box 593, Barre, VT 05641
Preparer: Dennis N Perrault CPA
Phone: 8024768673

Raw XML Appendix371 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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InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt	2	28002
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InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt	6	28002
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	0	AMERICAN BALANCED FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	1	AMERICAN HIGH INCOME TRUST
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	2	THE BOND FUND OF AMERICA
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	3	CAPITAL INCOME BUILDER FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	4	FUNDAMENTAL INVESTORS
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	5	NEW ECONOMY FUND
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	6	WASHINGTON MUTUAL INVESTORS
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	1	1400
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	2	1400
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	3	4700
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	0	SCHOLARSHIPS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	1	SCHOLARSHIPS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	2	SCHOLARSHIPS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	3	SCHOLARSHIPS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	0	VERMONT STATE UNIVERSITY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	1	WORCESTER POLYTECHNIC INSTITUTE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	2	COMMUNITY COLLEGE OF VERMONT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	3	VERMONT STATE UNIVERSITY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	0	501(C)3
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	1	501(C)3
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	2	501(C)3
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	3	501(C)3
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	0	337 COLLEGE HILL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	1	100 INSTITUTE ROAD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	2	PO BOX 489
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	3	337 COLLEGE HILL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	0	JOHNSON
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	1	WORCESTER
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	2	MONTPELIER
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	3	JOHNSON
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	0	VT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	1	MA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	2	VT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	3	VT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	0	05656
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	1	01609
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	2	05602
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	3	05656
IRS990PF/SupplementaryInformationGrp/ShareholderManagerNm	0	NONE
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	10500
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	17472
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	27958
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt	0	1446
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt	0	1446
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt	0	1446
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt	0	0
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt	0	0
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt	0	0
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	17472
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable1Amt	0	0
IRS990PF/UndistributedIncomeGrp/Taxable2Amt	0	0
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	1446
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	9040
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	1
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	1	2
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm	0	ESTATE OF STEPHEN MONTGOMERY
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm	1	ESTATE OF STEPHEN MONTGOMERY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	0	PO BOX 473
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	1	PO BOX 473
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	0	BARRE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	1	BARRE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	0	VT
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	1	VT
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	0	05641
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	1	05641
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd	0	X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd	0	X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	81933
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	1	770097
IRS990ScheduleB/GeneralRuleInd	0	X
IRS990ScheduleB/Organization501c3ExemptPFInd	0	X
LegalFeesSchedule/LegalFeesGrp/CategoryTxt	0	OTTERMAN & ALLEN LEGAL & PROFESSIONAL
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt	0	6925
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt	0	8656
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt	0	1731
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	OFFICE EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	BROKERAGE ACCOUNT FEE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	47
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	150
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	47
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	150
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/BalanceDueAmt	0	748881
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/BorrowerNameGrp/BusinessName/BusinessNameLine1Txt	0	JAMES KENNEY & MELANIE GILMAN
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/ConsiderationFMVAmt	0	1350000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/InsiderRelationshipTxt	0	NONE
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/InterestRt	0	0.02540000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LenderConsiderationDesc	0	SELLER FINANCED EQUIPMENT & GOODWILL
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanMaturityDt	0	1931-12
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanOriginalAmt	0	1350000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanPurposeTxt	0	SALE OF OPERATING BUSINESS
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/NoteDt	0	2016-09
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/RepaymentTermsTxt	0	$8,687 MONTHLY
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/SecurityProvidedBorrowerTxt	0	PERSONAL PROPERTY (LOGGING EQUIP)
TaxesSchedule/TaxesDetail/Amt	0	94
TaxesSchedule/TaxesDetail/CategoryTxt	0	2022 SEC 4940 TAX
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt	0	94
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd	0	FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	3
ReturnHeader/BuildTS	0	2023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	ADRIAN OTTERMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8024792552
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2024-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	STEPHEN MONTGOMERY SCHOLARSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt	0	STEP
ReturnHeader/Filer/EIN	0	856775101
ReturnHeader/Filer/PhoneNum	0	8024792552
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 473
ReturnHeader/Filer/USAddress/CityNm	0	BARRE
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	VT
ReturnHeader/Filer/USAddress/ZIPCd	0	05641
ReturnHeader/IRSResponsiblePrtyInfoCurrInd	0	true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	030275888
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Salvador and Babic PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	PO Box 593
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Barre
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	05641
ReturnHeader/PreparerPersonGrp/PhoneNum	0	8024768673
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2024-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Dennis N Perrault CPA
ReturnHeader/ReturnTs	0	2024-05-06T07:45:01-07:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	ADRIAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	OTTERMAN
ReturnHeader/TaxPeriodBeginDt	0	2023-01-01
ReturnHeader/TaxPeriodEndDt	0	2023-12-31
ReturnHeader/TaxYr	0	2023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $1,225,966
Liabilities: $0
Net assets: $1,225,966
Revenue: $867,213
Expenses: $20,947
Net income: $846,266

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$1.28	$0.00	$1.28	$0.09	$0.04	$0.06
2023Detailed filing. Detailed filing data is available for this year.	$1.23	$0.00	$1.23	$0.87	$0.02	$0.85
2022Detailed filing. Detailed filing data is available for this year.	$0.39	$0.01	$0.38	$0.10	$0.02	$0.08