Pettee-Chace Memorial Scholarship Funds
- Assets
- $223.3k
- Revenue
- $9.7k
- Investments
- $219.5k
- Employees
- 0
- Location
- North Easton, MA
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 22-3051579
Organization Overview
Pettee-Chace Memorial Scholarship Funds is located in North Easton, 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. Pettee-Chace Memorial Scholarship Funds 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, Pettee-Chace Memorial Scholarship Funds generated $9.7k 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 (6.7%) each year. All expenses for the organization totaled $1.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (27.7%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO SCHOLARSHIPS ISSUED THIS YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent T Warren President | 1 | $0 | |
Jonathan L Parker Treasurer Vice President | 1 | $0 | |
David P Frennette Clerk | 0.5 | $0 | |
Ken Cardone Trustee | 0.25 | $0 | |
Megan I Sanchez Trustee | 0.25 | $0 | |
Ashley Warren Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,638 |
| Capital Gain Net Income | $5,638 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,597 |
| Total operating and administrative expenses | $1,692 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,705 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $175 |
| 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 | $223,349 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,000 |
| 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 | $2,000 |
Grants Awarded
Over the last fiscal year, Pettee-Chace Memorial Scholarship Funds has awarded $3,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DANIELLE PANICO PURPOSE: SCHOLARSHIP | $2,000 |
LAUREN NELLIGAN PURPOSE: SCHOLARSHIP | $1,600 |