Rotary Club Of Wilmington Scholarship Fund Trust is located in Wilmington, MA. The organization was established in 1988. 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. Rotary Club Of Wilmington Scholarship Fund Trust 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 07/2024, Rotary Club Of Wilmington Scholarship Fund Trust generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $28.1k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
GRANTED 10 SCHOLARSHIPS TO WILMINGTON RESIDENTS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert G Peterson Jr Trustee | 1 | $0 | |
Patrick Giroux Trustee | 1 | $0 | |
Christopher Nevelle Trustee | 1 | $0 | |
John Cushing Trustee | 1 | $0 | |
Stephen G Peterson Trustee | 1 | $0 | |
George Hooper Trustee | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,350 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $99 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,449 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,485 |
| Total expenses | $28,085 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,868 |
| Other assets | $0 |
| Total assets | $57,868 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,868 |