Bristol Rotary Scholarship Fund Inc
- Assets
- $4.9m
- Revenue
- $188.4k
- Investments
- $4.9m
- Employees
- 0
- Location
- Bristol, CT
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 22-3151333
Organization Overview
Bristol Rotary Scholarship Fund Inc is located in Bristol, CT. The organization was established in 1992. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bristol Rotary Scholarship 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 12/2023, Bristol Rotary Scholarship Fund Inc generated $188.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $317.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bristol Rotary Scholarship Fund Inc has awarded 313 individual grants totaling $2,077,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROMOTES COLLEGE EDUCATION BY AWARDING SCHOLARSHIPS TO LOCAL RESIDENTS. DURING 2023, THE FOUNDATION AWARDED 38 SCHOLARSHIPS TOTALLING $291,000. DURING 2023, FOUR SCHOLARSHIPS TOTALING $30,500 WERE RETURNED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Rackliffe Treasurer | 2 | $0 | |
Mark Macgregor Secretary | 2 | $0 | |
Mario Giovannucci President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $226,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$41,300 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,127 |
| Depreciation | $0 |
| Occupancy | $1,176 |
| Travel, conferences, and meetings | $3,994 |
| Printing and publications | $9 |
| Other expenses | $3,570 |
| Total operating and administrative expenses | $56,756 |
| Contributions, gifts, grants paid | $260,500 |
| Total expenses and disbursements | $317,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,406 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,940,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Bristol Rotary Scholarship Fund Inc has awarded $260,500 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLEE LEWANDOSKI PURPOSE: SCHOLARSHIP | $8,000 |
ABIGAIL MOYLES PURPOSE: SCHOLARSHIP | $8,000 |
ALEXANDRA CARABETTA PURPOSE: SCHOLARSHIP | $8,000 |
ADRIANNA DELL'AERA PURPOSE: SCHOLARSHIP | $8,000 |
AMBER CHAMPAGNE PURPOSE: SCHOLARSHIP | $8,000 |
BECKETT HENNESSEY PURPOSE: SCHOLARSHIP | $8,000 |