Bristol Rotary Scholarship Fund Inc
- Assets
- $4.9m
- Revenue
- $840.6k
- Investments
- $4.9m
- Employees
- 0
- Location
- Bristol, CT
- Founding
- 01/1992
- Data as of
- 12/2021
- 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 12/2021, Bristol Rotary Scholarship Fund Inc generated $840.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $334.4k during the year ending 12/2021. While expenses have increased by 9.7% 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.
Since 2015, Bristol Rotary Scholarship Fund Inc has awarded 271 individual grants totaling $1,784,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROMOTES COLLEGE EDUCATION BY AWARDING SCHOLARSHIPS TO LOCAL RESIDENTS. DURING 2021 THE FOUNDATION AWARDED 38 SCHOLARSHIPS TOTALLING $289,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Albert President | 2 | $0 | |
Phyllis Tucker Treasurer | 2 | $0 | |
Mary Etter Secretary | 2 | $0 | |
Mario Giovannucci Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,475 |
| Interest on Savings | $0 |
| Dividends & Interest | $207,832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $332,328 |
| Capital Gain Net Income | $332,328 |
| Net ST Capital Gain | $66,386 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $840,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $474 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,429 |
| Printing and publications | $1,352 |
| Other expenses | -$10,628 |
| Total operating and administrative expenses | $44,865 |
| Contributions, gifts, grants paid | $289,500 |
| Total expenses and disbursements | $334,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444 |
| 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 | $4,899,218 |
| 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 $289,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
REBECCA BENDER PURPOSE: SCHOLARSHIP | $8,000 |
JANICE GAO PURPOSE: SCHOLARSHIP | $8,000 |
LAUREN APARO PURPOSE: SCHOLARSHIP | $8,000 |
EMMA ANGELILLO PURPOSE: SCHOLARSHIP | $8,000 |
DREW DAUPHINEE PURPOSE: SCHOLARSHIP | $8,000 |
KASSANDRA MCCARTHY PURPOSE: SCHOLARSHIP | $8,000 |
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