Christopher Potvin Scholar Athlete Fund Inc
- Assets
- $14.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Old Lyme, CT
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 06-1195345
Organization Overview
Christopher Potvin Scholar Athlete Fund Inc is located in Old Lyme, CT. The organization was established in 1989. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christopher Potvin Scholar Athlete 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 12/2021, Christopher Potvin Scholar Athlete Fund Inc generated $53.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $57.5k during the year ending 12/2021. While expenses have increased by 9.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION DISTRIBUTED FIFTY-TWO SCHOLARSHIPS OF 1,000 EACH TO COLLEGE BOUND SCHOLAR ATHLETES. THE SELECTION PROCESS IS AS FOLLOWS: 1. INTERESTED STUDENT ATHLETES SUBMIT AN APPLICATION WITH OFFICIAL HIGH SCHOOL TRANSCRIPT AND RECOMMENDATIONS FROM PERSONS OF ATHLETIC INFLUENCE. 2. SCHOLARSHIP APPLICANTS ARE SELECTED BY AN AWARDS COMMITTEE BASED ON THE APPLICANTS TRANSCRIPT AND TRANSCRIPT DATA. 3. APPLICANTS SELECTED MAY PARTICIPATE IN A PERSONAL INTERVIEW WITH THE SCHOLARSHIP COMMITTEE. EACH YEAR FIVE INDIVIDUALS ARE SELECTED TO PARTICIPATE IN THE AWARDS COMMITTEE TO SINGLY AND COLLECTIVELY CHOOSE THE TOP TWENTY PERCENT OF APPLICANTS. THE EXECUTIVE COMMITTEE THEN SELECTS THE FINAL NUMBER OF SCHOLARSHIPS TO BE AWARDED THAT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiesha Dimaggio Secretary | 3 | $0 | |
William Buscetto President | 3 | $0 | |
Diana Buscetto Trustee | 1 | $0 | |
Christine Potvin Vice-Preside | 1 | $0 | |
Thomas Dimaggio Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,699 |
| Other Revenue | $0 |
| Total Revenue | $53,199 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,537 |
| Total expenses | $57,537 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,498 |
| Other assets | $0 |
| Total assets | $14,498 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,498 |
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