The Boxford Public Library And The Perley Scholarship Funds Inc

Organization Overview

The Boxford Public Library And The Perley Scholarship Funds Inc is located in Boxford, 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. Boxford Public Library And The Perley Scholarship Funds 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, Boxford Public Library And The Perley Scholarship Funds Inc generated $37.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $32.6k during the year ending 12/2021. While expenses have increased by 6.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SCHOLARSHIPS TO DESERVING AND NEEDY STUDENTS RESIDING IN THE TOWN OF BOXFORD, MA, AND TO SUPPORT FREE LIBRARY SERVICES IN THE TOWN OF BOXFORD, MA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS TOTALING $27,000 WERE GRANTED TO 18 BOXFORD STUDENTS.


A DONATION OF $5,000 WAS MADE TO THE BOXFORD TOWN LIBRARY


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$691
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,637
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,328
Total Program Service Revenue$0
Investment income $27,732
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $37,060

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Boxford Public Library And The Perley Scholarship Funds Inc has recieved totaling $50.

Awarding OrganizationAmount
Ge Foundation

Norwalk, CT

PURPOSE: MATCHING GIFTS

$50
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$596,012
Earnings$77,262
Admin Expense$620
Net Contributions$9,328
Grants$32,000
Ending Balance$649,982

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