Alice S Ayling Scholarship Foundation
- Assets
- $7.8m
- Revenue
- $601.5k
- Investments
- $7.1m
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 22-2808952
Organization Overview
Alice S Ayling Scholarship Foundation is located in Woburn, MA. The organization was established in 1987. 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. Alice S Ayling Scholarship Foundation 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 12/2021, Alice S Ayling Scholarship Foundation generated $601.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 10.5% 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 2014, Alice S Ayling Scholarship Foundation has awarded 117 individual grants totaling $6,797,150. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE MADE TO COLLEGES AND UNIVERSITIES FOR PURPOSES OF PROVIDING SCHOLARSHIPS TO STUDENTS WHO ARE ENGAGED IN FULL TIME STUDIES.(SEE PART XV)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald B O'grady III Trustee | 2 | $77,419 | |
Richard P Hamel Trustee | 2 | $77,419 | |
Michael C Andrews Trustee | 2 | $27,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $601,540 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $601,540 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $182,338 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $196,988 |
| Contributions, gifts, grants paid | $1,129,500 |
| Total expenses and disbursements | $1,326,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $710,120 |
| 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 | $158,381 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,778,099 |
| 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, Alice S Ayling Scholarship Foundation has awarded $1,129,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Northfield, VT PURPOSE: EDUCATIONAL SCHOLARSHIP | $115,000 |
Cambridge, MA PURPOSE: EDUCATIONAL SCHOLARSHIP | $100,000 |
KEENE STATE COLLEGE PURPOSE: EDUCATIONAL SCHOLARSHIP | $87,000 |
Boston, MA PURPOSE: EDUCATIONAL SCHOLARSHIP | $86,500 |
UNIVERSITY OF MAINE PURPOSE: EDUCATIONAL SCHOLARSHIP | $85,500 |
BATES COLLEGE PURPOSE: EDUCATIONAL SCHOLARSHIP | $82,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |