Vicki Soto Memorial Fund
- Assets
- $198.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stratford, CT
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-1619352
Organization Overview
Vicki Soto Memorial Fund is located in Stratford, CT. The organization was established in 2014. 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. Vicki Soto Memorial Fund 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, Vicki Soto Memorial Fund generated $118.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $110.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS TO THOSE WHO ASPIRE TO TEACH AND WANT TO PURSUE THE FIELD OF EDUCATION
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS - THE STRATFORD-BASED VICKI SOTO MEMORIAL SCHOLARSHIP IS A FOUR YEAR RENEWABLE $5,000 SCHOLARSHIP AWARDED ONCE A YEAR TO GRADUATING SENIORS FROM STRATFORD HIGH SCHOOL AND BUNNELL HIGH SCHOOL. IN ADDITION TO AWARDING THESE TWO LOCAL SCHOLARSHIPS, WE HAVE EXPANDED THE VICKI SOTO MEMORIAL SCHOLARSHIP TO BE AWARDED STATE-WIDE AND NATIONALLY AS WELL. ONE RECIPIENT FROM THE STATE OF CONNECTICUT AND ONE RECIPIENT FROM AROUND THE COUNTRY WILL RECEIVE A ONE-TIME $5,000 SCHOLARSHIP. ALL RECIPIENTS OF THE SCHOLARSHIP MUST BE PURSUING A COLLEGE DEGREE AT AN ACCREDITED UNIVERSITY IN THE FIELD OF EDUCATION AND DEMONSTRATE EXCELLENCE IN ACADEMICS, EXTRACURRICULAR ACTIVITIES AND LEADERSHIP SKILLS. THE RECIPIENTS MUST ALSO DEMONSTRATE THE SPIRIT TO LIVE, LAUGH, AND LOVE BOTH LIFE AND EDUCATION THE WAY VICKI DID.
MISS SOTO LITERACY PROJECT - "MISS SOTO LITERACY LEGACY PROJECT" PROVIDES OVER 250 CLASSROOMS AND TEACHERS ACROSS THE STRATFORD K-6 SCHOOL DISTRICT WITH FIVE SELECTED BOOKS OVER THE COURSE OF EACH ACADEMIC SCHOOL YEAR.
CONTRIBUTIONS TO OTHER NON PROFIT ORGANIZATIONS - SUPPORT OF OTHER NONPROFIT EDUCATIONAL ORGANIZATIONS THAT PROMOTE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Soto President | 2 | $0 | |
Carlos Soto Vice President | 2 | $0 | |
Amy Wiltsie Treasurer, Secretary | 2 | $0 | |
Jillian Soto Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,731 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $138 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $30,381 |
| Other Revenue | $0 |
| Total Revenue | $118,356 |
| 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 | $2,700 |
| Occupancy, rent, utilities, and maintenance | $14,232 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,460 |
| Total expenses | $110,392 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $196,877 |
| Other assets | $0 |
| Total assets | $198,429 |
| Total liabilities | $0 |
| Net assets or fund balances | $198,429 |
Grants Awarded
Over the last fiscal year, Vicki Soto Memorial Fund has awarded $85,234 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
STRATFORD BOARD OF EDUCATION PURPOSE: GRANT | $21,000 |
CENTRAL CONNECTICUT COAST YMCA PURPOSE: GRANT | $15,400 |
COSTAL CAROLINA UNIVERSITY FOR TAYLOR BRADY PURPOSE: SCHOLARSHIP | $5,000 |
HOUSATONIC COMMUNITY COLLEGE FOR ELIZABETH LARSON PURPOSE: SCHOLARSHIP | $5,000 |
IONA COLLEGE FOR MOLLY HINES PURPOSE: SCHOLARSHIP | $5,000 |
TOWN OF STARTFORD LIBRARY PURPOSE: GRANT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vicki Soto Memorial Fund has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Meisenheimer Foundation Inc Milford, CT PURPOSE: TO CONTINUE SERVICES AND PROGRAMS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
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 |