Shawsheen Technical Scholarship Fund
- Assets
- $471.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Billerica, MA
- Founding
- 09/2015
- Data as of
- 06/2022
- EIN
- 46-3844100
Organization Overview
Shawsheen Technical Scholarship Fund is located in Billerica, MA. The organization was established in 2015. 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. Shawsheen Technical Scholarship 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 06/2022, Shawsheen Technical Scholarship Fund generated $15.4k 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 (18.0%) each year. All expenses for the organization totaled $27.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
INVESTMENT INCOME USED TO PROVIDE SCHOLARSHIPS FOR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles H Lyons President/director | 1 | $0 | |
Michael N Lyons Director | 1 | $0 | |
James M Gillis Director | 1 | $0 | |
Robert G Peterson Treasurer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$1,726 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13,062 |
| Total Revenue | $15,436 |
| 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 | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $213 |
| Other expenses | $3,987 |
| Total expenses | $27,450 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $471,669 |
| Other assets | $0 |
| Total assets | $471,669 |
| Total liabilities | $0 |
| Net assets or fund balances | $471,669 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shawsheen Technical Scholarship Fund has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Tco Charitable Foundation Wakefield, MA PURPOSE: TO PROVIDE ASSISTANCE AND SUPPORT FOR THE CHARITABLE ENDEAVORS OF THE ORGANIZATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |