Association Of Marshall Scholars Inc
- Assets
- $3.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Cambridge, MA
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 22-2973653
Organization Overview
Association Of Marshall Scholars Inc is located in Cambridge, MA. The organization was established in 1989. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 12/2021, Association Of Marshall Scholars Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Marshall Scholars 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, Association Of Marshall Scholars Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 33.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PUBLICIZE PROGRAM ON BRITISH EDUCATION AND TO MAINTAIN CONTACT AMONG (CONTINUED ON SCH O) (CONTINUED FROM 990 PAGE 1) MARSHALL SCHOLARS AND MARSHALL ALUMNI; TO SPONSOR PROGRAMS THAT WOULD FURTHER CHARITABLE AND EDUCATIONAL AIMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MARSHALL SCHOLARS WITH INFORMATION THROUGH THE INTERNET, MAIL AND OTHER FORMS OF COMMUNICATION TO FOSTER CONTINUED ENGAGEMENT WITH THE ORGANIZATION.
HOSTING REGIONAL AND NATIONAL CONVENTIONS TO FOSTER PERSONAL AND PROFESSIONAL RELATIONSHIPS AMONG MARSHALL SCHOLARS, AND TO PROVIDE INFORMATION ON THE PROGRAM.
SCHOLARSHIPS AND ASSISTANCE GRANTED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nell Breyer Secretary/executive Direct | Officer | 40 | $195,000 |
Scott Grinsell President/chair | OfficerTrustee | 4 | $0 |
Zachary D Kaufman Director Of Communications | OfficerTrustee | 3 | $0 |
Leonard Srnka Tresurer/clerk | OfficerTrustee | 1 | $0 |
Theodore Leinbaugh Director Of British Affair | Officer | 4 | $0 |
Meena Seshamani (former) President | Officer | 0 | $0 |
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 | $1,530,583 |
| Noncash contributions included in lines 1a–1f | $102,739 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,530,583 |
| Total Program Service Revenue | $75 |
| Investment income | $37,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,576,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $555,127 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,000 |
| Compensation of current officers, directors, key employees. | $29,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,000 |
| Pension plan accruals and contributions | $2,400 |
| Other employee benefits | $3,306 |
| Payroll taxes | $14,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,400 |
| Fees for services: Accounting | $18,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,142 |
| Advertising and promotion | $38,773 |
| Office expenses | $13,880 |
| Information technology | $46,559 |
| Royalties | $0 |
| Occupancy | $14,959 |
| Travel | $36,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $124,753 |
| Conferences, conventions, and meetings | $47,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,735 |
| All other expenses | $0 |
| Total functional expenses | $1,297,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,385 |
| Savings and temporary cash investments | $980,018 |
| Pledges and grants receivable | $84,886 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,965,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,395,554 |
| Accounts payable and accrued expenses | $55,259 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,259 |
| Net assets without donor restrictions | $1,498,230 |
| Net assets with donor restrictions | $1,842,065 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,395,554 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Association Of Marshall Scholars Inc has recieved totaling $100,215.
| Awarding Organization | Amount |
|---|---|
Finistere Charitable Foundation New York, NY PURPOSE: CHARITABLE PURPOSE | $100,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $180 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Endowment Analysis
| Beg. Balance | $1,674,646 |
| Earnings | $206,814 |
| Net Contributions | $14,851 |
| Grants | $50,000 |
| Ending Balance | $1,846,311 |