Curtis Fund Inc
- Assets
- $29.0m
- Revenue
- $1.3m
- Investments
- $28.8m
- Employees
- 0
- Location
- Middlebury, VT
- Founding
- 08/1959
- Data as of
- 12/2022
- EIN
- 03-6009912
Organization Overview
Curtis Fund Inc is located in Middlebury, VT. 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. Curtis 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, Curtis Fund Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES COLLEGE EDUCATION GRANTS TO VERMONT HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shana Trombley Executive Director | 40 | $72,352 | |
Amy Mellencamp President | 0.5 | $0 | |
Michael Breen Treasurer | 0.5 | $0 | |
Dan Smith Secretary | 0.5 | $0 | |
Joseph Boutin Director Through 10/1/22 | 0.5 | $0 | |
Peggy Williams Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $669,463 |
| Interest on Savings | $757 |
| Dividends & Interest | $512,224 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,965 |
| Capital Gain Net Income | $135,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,318,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,672 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $2,932 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $356 |
| Occupancy | $824 |
| Travel, conferences, and meetings | $1,155 |
| Printing and publications | $2,987 |
| Other expenses | $7,022 |
| Total operating and administrative expenses | $353,997 |
| Contributions, gifts, grants paid | $1,852,237 |
| Total expenses and disbursements | $2,206,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,182 |
| Savings and temporary cash investments | $68,566 |
| 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 | $29,046,871 |
| 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 |