Madison Scholarship Fund
- Assets
- $199.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, NH
- Founding
- 07/2015
- Data as of
- 12/2021
- EIN
- 47-1272967
Organization Overview
Madison Scholarship Fund is located in Madison, NH. 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. Madison Scholarship 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 12/2021, Madison Scholarship Fund generated $18.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $9.4k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES FINANCIAL SCHOLARSHIPS TO SUPPORT LOCAL YOUTH FOR POST-SECONDARY EDUCATIONAL PURSUITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Kramer President | 2 | $0 | |
Michael Brooks Treasurer | 2 | $0 | |
Karen Lord Secretary | 1 | $0 | |
Sean Littlefield Director | 1 | $0 | |
Margaret Marshall Director | 1 | $0 | |
Tammy Flanigan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,435 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,628 |
| Gain or Loss | $7,205 |
| Net Income from Gaming & Fundraising | $2,704 |
| Other Revenue | $0 |
| Total Revenue | $17,972 |
| 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 | $395 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $56 |
| Other expenses | $1,986 |
| Total expenses | $9,437 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $199,752 |
| Other assets | $0 |
| Total assets | $199,752 |
| Total liabilities | $0 |
| Net assets or fund balances | $199,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
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 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
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 |