Gloucester Scholarship Foundation Inc

Organization Overview

Gloucester Scholarship Foundation Inc is located in Gloucester, MA. 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. Gloucester Scholarship Foundation 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, Gloucester Scholarship Foundation Inc generated $150.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $70.8k during the year ending 12/2021. While expenses have increased by 9.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO EXPAND ACCESS TO HIGHER EDUCATION FOR STUDENTS OF GLOUCESTER HIGH SCHOOL, GLOUCESTER, MASSACHUSETTS BY RAISING FUNDS FOR STUDENT AID DISTRIBUTION AND DISTRIBUTING AWARDS TO SUCH STUDENTS ON A FAIR AND NON-DISCRIMINATORY BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS


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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$38,185
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$38,185
Total Program Service Revenue$0
Investment income $35,687
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $74,373
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $150,645

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Gloucester Scholarship Foundation Inc has recieved totaling $25,000.

Awarding OrganizationAmount
Mantzouranis Scholarship Trust

Gloucester, MA

PURPOSE: SCHOLARSHIPS

$25,000
View Grant Recipient Profile

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