Civic Intelligence

Glastonbury Rotary Scholarship

EIN 92-0363058 • 501(c)3 • Glastonbury, CT

Profile

To provide collage scholarships to local high school seniors.

236 Horizon LaneGlastonbury, CT 06033
Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

90th percentile

51%

Higher net margin than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Revenue Growth

17th percentile

-55%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$399,537

Up $109,405 (+38%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$399,537

Up $109,405 (+38%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin90th percentile

Revenue

Down

$61,847

Down $238,627 (-79%) from 2023

Expenses

Down

$30,175

Down $5,221 (-15%) from 2023

Net Income

Down

$31,672

Down $233,406 (-88%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth74th percentile

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

$400K$300K$200K$100K$0Assets 2022: $290,132Liabilities 2022: $0Net Assets 2022: $290,1322022Assets 2023: $290,132Liabilities 2023: $0Net Assets 2023: $290,1322023Assets 2025: $399,537Liabilities 2025: $0Net Assets 2025: $399,5372025

Highlighted filing

2025

Assets$399,537
Liabilities$0
Net Assets$399,537
Open 2025 Filing

Operations Trend

Revenue Growth17th percentile

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

$400K$300K$200K$100K$0Revenue 2022: $300,474Expenses 2022: $35,396Net Income 2022: $265,0782022Revenue 2023: $300,474Expenses 2023: $35,396Net Income 2023: $265,0782023Revenue 2025: $61,847Expenses 2025: $30,175Net Income 2025: $31,6722025

Highlighted filing

2025

Revenue$61,847
Expenses$30,175
Net Income$31,672
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$399,537
Liabilities
$0
Net assets
$399,537
Revenue
$61,847
Expenses
$30,175
Net income
$31,672
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$0.62$0.30$0.32
2023Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$3.00$0.35$2.65
2022Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$3.00$0.35$2.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$61,847
Mission and Program Overview

Mission

To provide collage scholarships to local high school seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$278,436$367,017▲ $88,581
Cash and Non-Interest-Bearing Accounts$56,413$32,520▼ $23,893
Total Assets$334,849$399,537▲ $64,688
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$334,849$399,537▲ $64,688
Total Net Assets Fund Balance$334,849$399,537▲ $64,688
Total Liabilities and Net Assets / Fund Balance$334,849$399,537▲ $64,688
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Joseph JaconettaPresident
Robert M LynnSecretary
Stephen N GiamalisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,282
Program Service Revenue
$0
Investment Income
$26,565
Other Revenue
$0
All Other Contributions
$35,282
Change in Net Assets
$31,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,000
Other Expenses$175
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$30,000--$30,000
Fees for Service Investment Mgmnt Fees-$175-$175
Total Functional Expenses$30,000$175$0$30,175
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Glastonbury Rotary Scholarship Corp
EIN
92-0363058
Phone
8606330405
Address
236 HORIZON LANE, GLASTONBURY, CT 06033

Signing Officer

Name
Stephen N Giamalis
Title
Treasurer
Phone
8606330405
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Jaconetta
Formed
2022
Voting Board Members
7
Independent Board Members
4
Employees
0

Preparer

Firm
Mahoney Sabol & Company Llp
Address
180 GLASTONBURY BLVD STE 400, GLASTONBURY, CT 06033-4439
Preparer
Stephen N Giamalis CPA
Phone
8605412000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Scholarships to local students”

Form 990, Part XI, Line 9

“Unrealized gain on investments 33,016”

Raw XML Appendix266 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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02022
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GainOrLossGrp/OtherAmt020248
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt030000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt030000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt020248
IRS990/GrossReceiptsAmt061847
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt06317
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06317
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0278436
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0367017
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0334849
IRS990/NetAssetsOrFundBalancesEOYAmt0399537
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0334849
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt033016
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOSEPH JACONETTA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCHOLARSHIPS TO LOCAL STUDENTS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt030000
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt030000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt023892
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IRS990/PYGrantsAndSimilarPaidAmt036317
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTs02025-11-13T09:19:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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