Eastern Academic Scholars Trust Inc
- Assets
- $262.0k
- Revenue
- $263.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling, MA
- Founding
- Data as of
- 05/2023
- EIN
- 92-1411618
Organization Overview
Eastern Academic Scholars Trust Inc is located in Sterling, MA. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Eastern Academic Scholars Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EASTERN ACADEMIC SCHOLARS TRUST, INC. (EAST)'S MISSION IS TO SECURE THE PRINT SCHOLARLY RECORD IN SUPPORT OF TEACHING, LEARNING AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST IS THE COLLABORATIVE EFFORT OF A LARGE GROUP OF ACADEMIC AND RESEARCH LIBRARIES TO DOCUMENT, PROTECT, AND PROVIDE LONG-TERM ACCESS TO THEIR PRINT COLLECTIONS. EAST DIRECTLY ADDRESSES THE GROWING NEED FOR ACADEMIC AND RESEARCH LIBRARIES TO ENSURE THAT PRINT BOOKS AND JOURNALS OF SCHOLARLY VALUE ARE NOT INADVERTENTLY DISCARDED AS LIBRARIES UNDERTAKE NECESSARY WEEDING AND DESELECTION PROGRAMS TO FREE UP SPACE FOR OTHER LIBRARY SERVICES. BY ENSURING THAT SCHOLARLY CONTENT ACROSS THE LIBRARIES IS RETAINED LOCALLY ON BEHALF OF ALL EAST MEMBERS, FACULTY, STUDENTS, AND SCHOLARS CAN HAVE CONFIDENCE THAT THEY WILL HAVE ACCESS TO THESE RESOURCES AND THAT UNIQUE AND VALUABLE SCHOLARLY CONTENT IS PROTECTED IN SUPPORT OF TEACHING, LEARNING, RESEARCH AND SCHOLARSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Stearns Program Director & Non-Voting Board Member | OfficerTrustee | 15 | $0 |
Jennifer Bowen Director | Trustee | 0.25 | $0 |
Fern Brody Director | Trustee | 0.25 | $0 |
Anna Gold Director | Trustee | 0.25 | $0 |
Marta Brunner Director | Trustee | 0.25 | $0 |
Scott Warren President | OfficerTrustee | 0.5 | $0 |
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 | $263,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,301 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $850 |
| 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 | $0 |
| Information technology | $628 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $766 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,610 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,400 |
| 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 | $1,037 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $262,047 |
| Accounts payable and accrued expenses | $990 |
| 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 | $990 |
| Net assets without donor restrictions | $261,057 |
| Net assets with donor restrictions | $0 |
| 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 | $262,047 |