Stephen Montgomery Scholarship Fund
- Assets
- $1.2m
- Revenue
- $937.7k
- Investments
- $205.2k
- Employees
- 0
- Location
- Barre, VT
- Founding
- Data as of
- 12/2023
- EIN
- 85-6775101
Organization Overview
Stephen Montgomery Scholarship Fund is located in Barre, VT. 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. Stephen Montgomery 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 12/2023, Stephen Montgomery Scholarship Fund generated $937.7k in total revenue. All expenses for the organization totaled $20.9k during the year ending 12/2023. While expenses have increased by 15.6% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES SCHOLARSHIPS TO ASSIST RANDOLPH & WHITE RIVER HIGH SCHOOL GRADUATES WITH EDUCATION AT A 4 YEAR COLLEGE OR UNIVERSITY. PREFERENCE IS GIVEN TO THOSE SEEKING A BACHELORS DEGREE IN FORESTRY, AGRICULTURE, ANIMAL HUSBANDRY OR LAND MANAGEMENT
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $852,030 |
| Interest on Savings | $716 |
| Dividends & Interest | $10,769 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,229 |
| Capital Gain Net Income | $74,229 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $937,744 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $197 |
| Total operating and administrative expenses | $10,447 |
| Contributions, gifts, grants paid | $10,500 |
| Total expenses and disbursements | $20,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10 |
| Savings and temporary cash investments | $271,465 |
| Net Accounts receivable | $403 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $748,881 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $205,207 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,225,966 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Stephen Montgomery Scholarship Fund has awarded $10,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VERMONT STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $3,000 |
WORCESTER POLYTECHNIC INSTITUTE PURPOSE: SCHOLARSHIPS | $1,400 |
COMMUNITY COLLEGE OF VERMONT PURPOSE: SCHOLARSHIPS | $1,400 |
VERMONT STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $4,700 |