Veterinary Scholarship Trust Of New England

Organization Overview

Veterinary Scholarship Trust Of New England is located in North Attleborough, MA. The organization was established in 1961. 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. Veterinary Scholarship Trust Of New England 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 09/2022, Veterinary Scholarship Trust Of New England generated $222.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $83.5k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO PROVIDE FINANCIAL AID TO NEW ENGLAND RESIDENTS WHO ARE STUDYING VETERINARY MEDICINE. IT SEEKS FINANCIAL SUPPORT THROUGH TARGETED MAIL CAMPAIGNS AND SPECIAL EVENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS WERE ISSUED TO 20 VETERINARY STUDENTS FROM NEW ENGLAND.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$30,179
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$30,179
Total Program Service Revenue$0
Investment income $52,144
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $139,995
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $222,318

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Veterinary Scholarship Trust Of New England has recieved totaling $10,000.

Awarding OrganizationAmount
New England Veterinary Medical Association

Portland, ME

PURPOSE: PROGRAM SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$458,418
Earnings-$80,583
Net Contributions$12,400
Grants$3,000
Ending Balance$387,235

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