Martin & Emma Butters Memorial Scholarship Fund
- Assets
- $129.3k
- Revenue
- $3.5k
- Investments
- $50.0k
- Employees
- 0
- Location
- Orleans, VT
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 03-6044769
Organization Overview
Martin & Emma Butters Memorial Scholarship Fund is located in Orleans, VT. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin & Emma Butters Memorial Scholarship Fund 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 12/2023, Martin & Emma Butters Memorial Scholarship Fund generated $3.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $1.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO 1 INDIVIDUAL
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22 |
| Dividends & Interest | $2,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,203 |
| Capital Gain Net Income | $1,203 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,505 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,080 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $85 |
| Printing and publications | $50 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,215 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $1,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,342 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $129,342 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Martin & Emma Butters Memorial Scholarship Fund has awarded $3,300 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MARINA ROCKWELL PURPOSE: SCHOLARSHIP | $500 |
ALYSSA BANUELOS PURPOSE: SCHOLARSHIP | $500 |
RYAN J MORSE PURPOSE: SCHOLARSHIP | $1,800 |
ALEXANDER PITT PURPOSE: SCHOLARSHIP | $500 |