Shaun P Scully Scholarship Fund Inc
- Assets
- $124.4k
- Revenue
- $10.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, MA
- Founding
- 11/1991
- Data as of
- 12/2022
- EIN
- 04-2880378
Organization Overview
Shaun P Scully Scholarship Fund Inc is located in Wilmington, MA. The organization was established in 1991. 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. Shaun P Scully Scholarship 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 12/2022, Shaun P Scully Scholarship Fund Inc generated $10.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.0k during the year ending 12/2022. While expenses have increased by 7.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
2 COLLEGE SCHOLARSHIPS AWARDED EACH YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michel C Scully Treasurer/director | 1 | $0 | |
Kevin M Scully President/ Director | 1 | $0 | |
Dorothy Scully Clerk/director | 0.5 | $0 | |
Brenda Geerlings Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $750 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $246 |
| Total operating and administrative expenses | $246 |
| Contributions, gifts, grants paid | $3,750 |
| Total expenses and disbursements | $3,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,690 |
| Savings and temporary cash investments | $122,753 |
| 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 | $124,443 |
| 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, Shaun P Scully Scholarship Fund Inc has awarded $3,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRA LOCOCO PURPOSE: COLLEGESCHOLARSHIP | $2,500 |
MICHAEL STAGNONE PURPOSE: COLLEGESCHOLARSHIP | $1,250 |