Scholarship Fund Of Tau Beta Beta Inc
- Assets
- $1.5m
- Revenue
- $233.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Needham, MA
- Founding
- 05/1964
- Data as of
- 12/2021
- EIN
- 04-2705767
Organization Overview
Scholarship Fund Of Tau Beta Beta Inc is located in Needham, MA. The organization was established in 1964. 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. Scholarship Fund Of Tau Beta Beta 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 12/2021, Scholarship Fund Of Tau Beta Beta Inc generated $233.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $124.8k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RAISING OF FUNDS AND THE GRANTING OF YEARLY HIGHER-EDUCATION SCHOLARSHIPS TO YOUNG WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOLARSHIP FUND OF TAU BETA BETA, INC RAISES FUNDS IN ORDER TO GRANT YEARLY SCHOLARSHIPS TO WOMEN DESIRING COLLEGE OR VOCATIONAL SCHOOL TRAINING. DURING 2020, SCHOLARSHIPS WERE AWARDED TO TWENTY YOUNG WOMEN RANGING IN AMOUNTS FROM $3,000 TO $5,000 PER STUDENT. NO ONE STUDENT RECEIVED SCHOLARSHIP AMOUNTS GREATER THAN $5,000.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Gibson President | 0.5 | $0 | |
Leslie Holmes Recording Secretary | 0.5 | $0 | |
Linda Gallo Treasurer | 2 | $0 | |
Adele Beggs Treasurer, Tbb Scholarships Inc | 0.5 | $0 | |
Chizu Shiono Chairman, Scholarship Committee | 2 | $0 | |
Julia Varriale Director, Scholarship | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,725 |
| Interest on Savings | $4,070 |
| Dividends & Interest | $49,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $161,557 |
| Capital Gain Net Income | $161,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $233,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,650 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $488 |
| Total operating and administrative expenses | $26,824 |
| Contributions, gifts, grants paid | $98,000 |
| Total expenses and disbursements | $124,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,621 |
| 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 | $1,419,472 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,536,093 |
| 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 | $2,650 |
| Total liabilities | $2,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |