Helene Morgan Babcock And Alfred Babcock Memorial Scholarship Trust
- Assets
- $489.4k
- Revenue
- $44.3k
- Investments
- $488.9k
- Employees
- 0
- Location
- Dunstable, MA
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 14-1925134
Organization Overview
Helene Morgan Babcock And Alfred Babcock Memorial Scholarship Trust is located in Dunstable, MA. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helene Morgan Babcock And Alfred Babcock Memorial Scholarship Trust 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 06/2022, Helene Morgan Babcock And Alfred Babcock Memorial Scholarship Trust generated $44.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $30.8k during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 4 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.
Since 2021, Helene Morgan Babcock And Alfred Babcock Memorial Scholarship Trust has awarded 36 individual grants totaling $154,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST AWARDED AND PAID SCHOLARSHIPS TO GRADUATING SENIORS RESIDING IN DUNSTABLE, MA AT TIME OF GRADUATION. TOTAL AMOUNT OF SCHOLARSHIPS PAID DURING YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Chenelle Trustee | 1 | $0 | |
David Wallace Trustee/treasurer | 1 | $0 | |
Jake Manning Trustee | 1 | $0 | |
Patti Starbird Trustee/chairperson | 1 | $0 | |
Leah Basbanes Trustee | 1 | $0 | |
Sandy Freiter Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $12,271 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,006 |
| Capital Gain Net Income | $32,006 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $387 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,435 |
| Total operating and administrative expenses | $4,822 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $30,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76 |
| Savings and temporary cash investments | $350 |
| 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 | $488,929 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $489,355 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $50,000 |
| 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 | $50,000 |
Grants Awarded
Over the last fiscal year, Helene Morgan Babcock And Alfred Babcock Memorial Scholarship Trust has awarded $80,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
JENNA BEAUCHAIN PURPOSE: SCHOLARSHIP FOR FURTHERANCE OF EDUCATION | $16,000 |
KATHERINE EBERHARDT PURPOSE: SCHOLARSHIP FOR FURTHERANCE OF EDUCATION | $12,000 |
JOSHUA BOOTH PURPOSE: SCHOLARSHIP FOR FURTHERANCE OF EDUCATIONP | $8,000 |
MADISON TAMMARO PURPOSE: SCHOLARSHIP FOR FURTHERANCE OF EDUCATIONAD | $4,000 |
JESSICA TRANFAGLIA PURPOSE: SCHOLARSHIP FOR FURTHERANCE OF EDUCATION | $4,000 |
KATHERINE EBERHARDT PURPOSE: SCHOLARSHIP FOR FURTHERANCE OF EDUCATION | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Thomas W Haas Foundation Greenland, NH | $135,774,612 | $23,898,654 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
Lavelle Fund For The Blind Inc New York, NY | $163,250,000 | $53,286,253 |
Robert F & Mary P Hastings Foundation Inc East Amherst, NY | $201,145 | $300,300 |
Chesed Foundation Of America New York, NY | $261,423,843 | $7,176,271 |
Belvedere Charitable Foundation New York, NY | $6,000,444 | $12,756,802 |
The Grossman Family Foundation Cos Cob, CT | $140,113,231 | $7,972,359 |