Fall Mountain Scholarship Fund Inc is located in Claremont, NH. 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. Fall Mountain 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 06/2022, Fall Mountain Scholarship Fund Inc generated $135.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $77.2k during the year ending 06/2022. 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
RAISING FUNDS FOR STUDENT AID DISTRIBUTION, DISTRIBUTING AWARDS ON A FAIR AND NONDISCRIMINATORY BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FALL MOUNTAIN SCHOLARSHIP COMMITTEE AWARDED $76,000 IN CASH SCHOLARSHIPS TO STUDENTS RESIDING IN THE FALL MOUNTAIN REGIONAL SCHOOL DISTRICT. INDIVIDUAL SCHOLARSHIPS RANGED FROM $500 TO $5,000.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard M Nalevanko President | OfficerTrustee | 1 | $0 |
Mark Mastrocinque Treasurer | OfficerTrustee | 1 | $0 |
Heather B Gendron Secretary | OfficerTrustee | 1 | $0 |
Robert J Kasper Jr Director | Trustee | 1 | $0 |
Randall Rhoades Awards Committee Chair | Trustee | 1 | $0 |
Alissa Bascom Director | Trustee | 1 | $0 |
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 | $62,462 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $62,462 |
Total Program Service Revenue | $0 |
Investment income | $32,879 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $23,260 |
Net Income from Fundraising Events | $16,602 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $135,203 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $76,000 |
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 | $800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $0 |
Insurance | $209 |
All other expenses | $0 |
Total functional expenses | $77,178 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $37,335 |
Savings and temporary cash investments | $120,504 |
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 | $707,787 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $865,626 |
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 | $865,626 |
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 | $865,626 |
Organization Name | Assets | Revenue |
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Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
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Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
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Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Thrive Scholars Boston, MA | $14,006,320 | $13,719,971 |
Boston Latin School Association Boston, MA | $71,373,277 | -$8,021,699 |
Feigenbaum Foundation Inc Pittsfield, MA | $77,550,637 | $8,621,230 |
Bpe Roxbury, MA | $4,024,536 | $5,203,233 |
The Francis Ouimet Scholarship Fund Inc Norton, MA | $27,290,373 | $6,126,185 |