Madaline F Fleming Scholarship Fund
- Assets
- $378.6k
- Revenue
- $54.6k
- Investments
- $361.3k
- Employees
- 0
- Location
- Needham, MA
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 04-3014864
Organization Overview
Madaline F Fleming Scholarship Fund is located in Needham, MA. The organization was established in 1990. 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. Madaline F Fleming 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 12/2021, Madaline F Fleming Scholarship Fund generated $54.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $22.5k during the year ending 12/2021. While expenses have increased by 19.0% 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 Program Activity:
Part 3 - Line 4a
THE MADALINE FLEMING SCHOLARSHIP FOUNDATION PROVIDED SCHOLARSHIPS TO 3 STUDENTS ENROLLED IN A POST SECONDARY DEGREE PROGRAM.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69 |
| Dividends & Interest | $9,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,290 |
| Capital Gain Net Income | $45,290 |
| Net ST Capital Gain | $6,605 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,517 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $22,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,217 |
| 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 | $378,552 |
| 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, Madaline F Fleming Scholarship Fund has awarded $10,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ROCHESTER PURPOSE: SCHOLARSHIP DISBURSED | $5,000 |
MIDDLESEX COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP DISBURSED | $2,500 |
WORCESTER POLYTECH FBO ANTHONY BOZZ PURPOSE: SCHOLARSHIP DISBURSED | $2,500 |
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