Massachusetts Afl-Cio Scholarship Corp
- Assets
- $790.0k
- Revenue
- $104.0k
- Investments
- $607.7k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 04-3321535
Organization Overview
Massachusetts Afl-Cio Scholarship Corp is located in Boston, MA. The organization was established in 1997. 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. Massachusetts Afl-Cio Scholarship Corp 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, Massachusetts Afl-Cio Scholarship Corp generated $104.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $94.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Massachusetts Afl-Cio Scholarship Corp has awarded 165 individual grants totaling $465,823. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Tolman President | 2 | $0 | |
Louis Mandarini Jr Sec Treasurer | 1 | $0 | |
Frank Callahan Director | 1 | $0 | |
Jeff Bollen Director | 1 | $0 | |
Christine Lynch Chief Of Staff | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $12,124 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,898 |
| Capital Gain Net Income | $71,898 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $20,854 |
| Pension plans, employee benefits | $11,790 |
| Interest | $0 |
| Taxes | $1,671 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $38,172 |
| Contributions, gifts, grants paid | $56,579 |
| Total expenses and disbursements | $94,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,908 |
| Savings and temporary cash investments | $19,409 |
| 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 | $21,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $607,689 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $790,006 |
| 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 | $87,481 |
| Total liabilities | $87,481 |
Grants Awarded
Over the last fiscal year, Massachusetts Afl-Cio Scholarship Corp has awarded $56,579 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ADRIANA CEPEDA PURPOSE: EDUCATIONAL SCHOLARSHIPS | $1,500 |
ARIYAH GARCIA PURPOSE: EDUCATIONAL SCHOLARSHIPS | $1,500 |
BERNADETTE FARMER PURPOSE: EDUCATIONAL SCHOLARSHIPS | $1,000 |
CAROLINE ECKERT PURPOSE: EDUCATIONAL SCHOLARSHIPS | $1,000 |
CHRISTOPHER VAN NATTA PURPOSE: EDUCATIONAL SCHOLARSHIPS | $1,500 |
CHARLES KIRBY PURPOSE: EDUCATIONAL SCHOLARSHIPS | $6,000 |