SCHOLARSHIP FUND OF TAU BETA BETA INC

EIN: 042705767 501(c)(3)

NEEDHAM, MA

Total Revenue
$124,028
Total Expenses
$100,797
Total Assets
$1,424,733
Net Assets
$1,424,733
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
MA
Principal Officer
MARY LENIHAN
Phone
7817990099
Tax Period
2020-01-01 to 2020-12-31

SCHOLARSHIP FUND OF TAU BETA BETA INC, founded in 1922, is a small nonprofit that reported $124K in total revenue in fiscal year 2020. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $23K, a strong 19% operating margin.

Mission

TO RAISE FUNDS AND GRANT OF YEARLY SCHOLARSHIPS TO YOUNG WOMEN DESIRING COLLEGE OR VOCATIONAL SCHOOL TRAINING.

Program Service Accomplishments

Program 1
Expenses: $78,500

THE SCHOLARSHIP FUND OF TAU BETA BETA, INC RAISES FUNDS IN ORDER TO GRANT YEARLY SCHOLARSHIPS TO WOMEN DESIRING COLLEGE OR VOCATIONAL SCHOOL TRAINING. DURING 2020, SCHOLARSHIPS WERE AWARDED TO TWENTY...

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THE SCHOLARSHIP FUND OF TAU BETA BETA, INC RAISES FUNDS IN ORDER TO GRANT YEARLY SCHOLARSHIPS TO WOMEN DESIRING COLLEGE OR VOCATIONAL SCHOOL TRAINING. DURING 2020, SCHOLARSHIPS WERE AWARDED TO TWENTY YOUNG WOMEN RANGING IN AMOUNTS FROM $3,000 TO $5,000 PER STUDENT. NO ONE STUDENT RECEIVED SCHOLARSHIP AMOUNTS GREATER THAN $5,000.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $17,840
Program Service Revenue $0
Investment Income $106,188
Other Revenue $0
TOTAL REVENUE $124,028

Expense Breakdown

Grants Paid $78,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $78,500
Other Expenses $22,297
TOTAL EXPENSES $100,797

Year-over-Year Comparison

2020 2019 Change
Revenue $124,028 $111,899 +0.1%
Expenses $100,797 $101,798 0.0%
Net Income $23,231 $10,101 +1.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
25

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY LENIHAN PRESIDENT 0.50
Officer Director
$0 $0 $0
JOYCE C BUKATY VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
BEVERLY COSTA RECORDING SECRETARY 0.50
Officer Director
$0 $0 $0
CAROL JANKOWSKI CORRESPONDING SECRETARY 0.50
Officer Director
$0 $0 $0
ADELE BEGGS TREASURER, TAU BETA BETA INC 0.50
Officer Director
$0 $0 $0
LINDA GALLO TREASURER 2.00
Officer Director
$0 $0 $0
BARBARA SHELLITO DIRECTOR, SCHOLARSHIP 2.00
Director
$0 $0 $0
SARA RAMIREZ DIRECTOR, SCHOLARSHIP 2.00
Director
$0 $0 $0
CYNTHIA SCOTT DIRECTOR, SCHOLARSHIP 2.00
Director
$0 $0 $0
MARTA PENA DIRECTOR, SCHOLARSHIP 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $124,028 $100,797 $1,424,733 $23,231
2019 $111,899 $101,798 $1,401,502 $10,101
2018 $124,627 $106,104 $1,391,401 $18,523
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