Vicki Soto Memorial Fund
- Assets
- $208.6k
- Revenue
- $113.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Stratford, CT
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 46-1619352
Organization Overview
Vicki Soto Memorial Fund is located in Stratford, CT. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vicki Soto Memorial Fund 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 12/2022, Vicki Soto Memorial Fund generated $113.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $103.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS TO THOSE WHO ASPIRE TO TEACH AND WANT TO PURSUE THE FIELD OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FUTURE EDUCATORS POTENTIAL BY AWARDING FOUR RENEWABLE SCHOLARSHIPS ANNUALLY.
LEAD AND IMPLEMENT VITAL LITERARY NEEDS IN OUR LOCAL COMMUNITY AND OUR STATE.
ENCOURAGE A LOVE OF EDUCATION BY SUPPORTING TEACHER LED INITIATIVES AND EDUCATOR DRIVEN PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Soto President | OfficerTrustee | 2 | $0 |
Carlos Soto Vice President | OfficerTrustee | 2 | $0 |
Jillian Soto Vice President | OfficerTrustee | 2 | $0 |
Amy Wiltsie Treasurer, Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,328 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,878 |
| Total Program Service Revenue | $0 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,092 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,798 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17 |
| Office expenses | $2,140 |
| Information technology | $536 |
| Royalties | $0 |
| Occupancy | $14,678 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $552 |
| Insurance | $2,349 |
| All other expenses | $0 |
| Total functional expenses | $103,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $208,581 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $208,581 |
| Net assets with donor restrictions | $0 |
| 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 | $208,581 |
Grants Awarded
Over the last fiscal year, Vicki Soto Memorial Fund has awarded $85,234 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
IONA COLLEGE FOR MOLLY HINES PURPOSE: SCHOLARSHIP | $5,000 |
HOUSATONIC COMMUNITY COLLEGE FOR ELIZABETH LARSON PURPOSE: SCHOLARSHIP | $5,000 |
COSTAL CAROLINA UNIVERSITY FOR TAYLOR BRADY PURPOSE: SCHOLARSHIP | $5,000 |
HARRISBURG AREA COMMUNITY COLLEGE FOR EMILY SEDLAK PURPOSE: SCHOLARSHIP | $3,234 |
FAIRFIELD UNIVERSITY FOR OLIVIA MASTROLUCA PURPOSE: SCHOLARSHIP | $2,500 |
EASTERN CT STATE UNIVERSITY FOR KATELYN ROOT PURPOSE: SCHOLARSHIP | $2,500 |