Olin Scott Fund Inc
- Assets
- $5.7m
- Revenue
- $455.5k
- Investments
- $4.3m
- Employees
- 0
- Location
- Bennington, VT
- Founding
- 11/1963
- Data as of
- 06/2023
- EIN
- 03-6005697
Organization Overview
Olin Scott Fund Inc is located in Bennington, VT. The organization was established in 1963. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olin Scott Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Olin Scott Fund Inc generated $455.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $109.0k during the year ending 06/2023. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Letourneau Secretary | 3 | $8,000 | |
Melinda Dickie Executive Di | 30 | $40,324 | |
Robert Cummings Jr V. President | 3 | $8,000 | |
William J Fisk President | 3 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $127,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $301,018 |
| Capital Gain Net Income | $301,018 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,531 |
| Total Revenue | $455,510 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,324 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,450 |
| Interest | $0 |
| Taxes | $8,690 |
| Depreciation | $0 |
| Occupancy | $6,345 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,186 |
| Total operating and administrative expenses | $109,002 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $109,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,540 |
| Savings and temporary cash investments | $60,816 |
| Net Accounts receivable | $1,232,946 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,723,989 |
| Accounts payable and accrued expenses | $12,325 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,325 |