Ronald N Terrill Memorial Fund Inc
- Assets
- $654.8k
- Revenue
- $33.3k
- Investments
- $627.1k
- Employees
- 0
- Location
- Morrisville, VT
- Founding
- 03/1965
- Data as of
- 12/2022
- EIN
- 03-0213310
Organization Overview
Ronald N Terrill Memorial Fund Inc is located in Morrisville, VT. The organization was established in 1965. 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. Ronald N Terrill Memorial Fund Inc 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 12/2022, Ronald N Terrill Memorial Fund Inc generated $33.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $45.8k during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 7 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.
Since 2016, Ronald N Terrill Memorial Fund Inc has awarded 60 individual grants totaling $247,300. 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
THE RONALD TERRILL MEMORIAL FUND, INC. PROVIDES FINANCIAL AID TO STUDENTS SEEKING A POST SECONDARY SCHOOL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Limoge Director | 1 | $0 | |
Andrew Jensvold President | 1 | $0 | |
Mary West Secretary | 1 | $0 | |
George Cormier Treasurer | 1 | $0 | |
Tim Sargent Vice Preside | 1 | $0 | |
Amy Olsen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,014 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,106 |
| Capital Gain Net Income | $5,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $168 |
| Total Revenue | $33,288 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,066 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,400 |
| Total operating and administrative expenses | $13,816 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $45,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,722 |
| 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 | $654,813 |
| 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, Ronald N Terrill Memorial Fund Inc has awarded $32,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AB PURPOSE: POST SECONDARY EDUATION | $5,000 |
AB PURPOSE: POST SECONDARY EDUCATION | $5,000 |
AB PURPOSE: POST SECONDARY EDUCATION | $3,000 |
JW PURPOSE: POST SECONDARY EDUCATION | $5,000 |
BW PURPOSE: POST SECONDARY EDUCATION | $5,000 |
LB PURPOSE: POST SECONDARY EDUCATION | $3,000 |