Hopedale High School Alumni Association
- Assets
- $2.0m
- Revenue
- $91.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Hopedale, MA
- Founding
- 04/1974
- Data as of
- 05/2022
- EIN
- 04-6134141
Organization Overview
Hopedale High School Alumni Association is located in Hopedale, MA. The organization was established in 1974. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Hopedale High School Alumni Association 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 05/2022, Hopedale High School Alumni Association generated $91.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $143.5k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Hopedale High School Alumni Association has awarded 237 individual grants totaling $858,830. 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
GRANTS AND SCHOLARSHIPS - SEE PART XV
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Mazzarelli President | 10 | $0 | |
Darlene Macphee Treasurer | 4 | $0 | |
Ellen M Alves Director | 1 | $0 | |
Christopher Johnson Director | 1 | $0 | |
Richard P Espanet Director | 1 | $0 | |
Kimmett M Greenberg Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,439 |
| Interest on Savings | $3 |
| Dividends & Interest | $92,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,547 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $811 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,884 |
| Total operating and administrative expenses | $22,657 |
| Contributions, gifts, grants paid | $120,794 |
| Total expenses and disbursements | $143,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,208 |
| Savings and temporary cash investments | $5,378 |
| 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 | $1,878,052 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,979,638 |
| Accounts payable and accrued expenses | $83,100 |
| 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 | $83,100 |
Grants Awarded
Over the last fiscal year, Hopedale High School Alumni Association has awarded $120,794 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
HOPEDALE PUBLIC SCHOOLS PURPOSE: GRANTS TO SUBSIDIZE CERTAIN NEEDS OF THE HOPEDALE PUBLIC SCHOOLS | $37,694 |
JOEL BERNARDES PURPOSE: SCHOLARSHIP | $5,700 |
EMILY BABINSKI PURPOSE: SCHOLARSHIP | $5,000 |
NORA HODGENS PURPOSE: SCHOLARSHIP | $5,000 |
OLIVER GINGRAS PURPOSE: SCHOLARSHIP | $5,000 |
CHLOE ATHANASOPOULOS PURPOSE: SCHOLARSHIP | $5,000 |
Endowment Analysis
| Beg. Balance | $2,257,393 |
| Earnings | -$21,066 |
| Other Expense | $66,000 |
| Ending Balance | $2,170,327 |