Scholarship Little Compton is located in Little Compton, RI. The organization was established in 2015. 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. Scholarship Little Compton 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, Scholarship Little Compton generated $102.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $107.5k during the year ending 12/2022. While expenses have increased by 5.2% per year over the past 4 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIP FUNDS FOR POST-SECONDARY EDUCATION TO ELIGIBLE LITTLE COMPTON, RI STUDENTS. FUNDS ARE AVAILABLE FOR BOTH ACADEMIC AND VOCATIONAL TRAINING. 40 AWARDS IN 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nancy Andersen Treasurer | 4 | $0 | |
Amanda Nickerson Toste President | 1 | $0 | |
Caroline Wilkie Wordell Vice President | 6 | $0 | |
Ann Haire Secretary | 3 | $0 | |
Doreen Medeiros Director | 1 | $0 | |
Joyce Moson Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $86,513 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $9,131 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $7,083 |
Other Revenue | $0 |
Total Revenue | $102,727 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $4,566 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $1,741 |
Other expenses | $334 |
Total expenses | $107,491 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $418,065 |
Other assets | $0 |
Total assets | $418,065 |
Total liabilities | $0 |
Net assets or fund balances | $418,065 |