Scholarship Little Compton
- Assets
- $464.1k
- Revenue
- $190.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Compton, RI
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 46-5108448
Organization Overview
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 12/2021, Scholarship Little Compton generated $190.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.2% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE POST-SECONDARY EDUCATION POSSIBLE FOR LITTLE COMPTON RESIDENTS THROUGH SCHOLARSHIP SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP LITTLE COMPTON PROVIDES SCHOLARSHIP FUNDS FOR POST-SECONDARY EDUCATION TO ELIGIBLE LITTLE COMPTON, RHODE ISLAND STUDENTS. FUNDS ARE AVAILABLE FOR BOTH ACADEMIC AND VOCATIONAL TRAINING. IN 2021 $102,225 WAS AWARDED TO 34 STUDENTS ATTENDING 25 DIFFERENT ACCREDITED INSTITUTIONS. APPLICANTS ELIGIBILITY IS BASED ON FAFSA EFC DEMONSTRATED NEED, FULL-TIME ENROLLMENT, AND GPA. SCHOLARSHIPS ARE AVAILABLE FOR 4 YEARS OF POST SECONDARY EDUCATION, AND APPLICANTS ARE INVITED TO REAPPLY EACH YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Nickerson Toste President | OfficerTrustee | 1 | $0 |
Ann Haire Secretary | OfficerTrustee | 3 | $0 |
Nancy Andersen Treasurer | OfficerTrustee | 4 | $0 |
Caroline Wilkie Wordell Vice President | OfficerTrustee | 6 | $0 |
Joyce Moson Director | Trustee | 1 | $0 |
Louann Pauls Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,845 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,660 |
| Noncash contributions included in lines 1a–1f | $7,770 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,505 |
| Total Program Service Revenue | $0 |
| Investment income | $9,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $120 |
| Net Income from Fundraising Events | -$505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $102,225 |
| 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 | $0 |
| Office expenses | $160 |
| 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 | $205 |
| All other expenses | $0 |
| Total functional expenses | $103,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,182 |
| Savings and temporary cash investments | $106,688 |
| 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 | $319,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $464,144 |
| 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 | $424,144 |
| Net assets with donor restrictions | $40,000 |
| 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 | $464,144 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scholarship Little Compton has recieved totaling $101,206.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL SUPPORT | $101,206 |
Endowment Analysis
| Beg. Balance | $40,000 |
| Earnings | $870 |
| Grants | $870 |
| Ending Balance | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
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 |