Aca Scholarship Tr
- Assets
- $626.0k
- Revenue
- $40.8k
- Investments
- $578.3k
- Employees
- 0
- Location
- Assonet, MA
- Founding
- 06/1959
- Data as of
- 12/2022
- EIN
- 02-6019759
Organization Overview
Aca Scholarship Tr is located in Assonet, MA. The organization was established in 1959. 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. Aca Scholarship Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Aca Scholarship Tr has awarded 196 individual grants totaling $301,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIP GRANTS TWENTYFOUR 1500 SCHOLARSHIPS AWARDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Normand Morneault President | 3 | $0 | |
Pauline L Lally Treasurer | 3 | $0 | |
A Bellemare Secretary | 3 | $0 | |
Paul Laflamme Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $17,175 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,787 |
| Capital Gain Net Income | $16,760 |
| Net ST Capital Gain | $16,047 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,791 |
| Total Revenue | $40,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $767 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,406 |
| Printing and publications | $0 |
| Other expenses | $219 |
| Total operating and administrative expenses | $5,397 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $41,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,618 |
| Savings and temporary cash investments | $42,081 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $626,033 |
| 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, Aca Scholarship Tr has awarded $36,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
FAITH BOILARD PURPOSE: SCHOLARSHIP | $1,500 |
JESSIE ALBERT PURPOSE: SCHOLARSHIP | $1,500 |
GREGORY BOUDREAU PURPOSE: SCHOLARSHIP | $1,500 |
EMMA CHAMBERLAND PURPOSE: SCHOLARSHIP | $1,500 |
ISABELLA CLOUTIER PURPOSE: SCHOLARSHIP | $1,500 |
JORDAN CLAVETTE PURPOSE: SCHOLARSHIP | $1,500 |