COMMUNITY SCHOLARSHIP FUND OF BARRINGTON INC

EIN: 300798085 501(c)(3) Education

BARRINGTON, RI

Total Revenue
$100,582
Total Expenses
$98,523
Total Assets
$1,703,224
Net Assets
$1,584,724
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
RI
Principal Officer
NANCY RYAN
Phone
4016996638
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY SCHOLARSHIP FUND OF BARRINGTON INC, founded in 1958, is a small nonprofit in the Education sector that reported $101K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Net assets of $1.6M represent 189 months of operating reserves.

Mission

TO EXPAND ACCESS TO HIGHER EDUCATION FOR RESIDENT STUDENTS OF BARRINGTON, RI BY PROMOTING THIS PROGRAM, DEVELOPING AN OPERATIONAL STRUCTURE, RAISING FUNDS FOR STUDENT AID DISTRIBUTION, AND DISTRIBUTING AWARDS ON A FAIR AND NONDISCRIMINATORY BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $46,763
Program Service Revenue $0
Investment Income $53,819
Other Revenue $0
TOTAL REVENUE $100,582

Expense Breakdown

Grants Paid $79,660
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $79,660
Other Expenses $18,863
TOTAL EXPENSES $98,523

Year-over-Year Comparison

2023 2022 Change
Revenue $100,582 $118,431 -0.2%
Expenses $98,523 $82,405 +0.2%
Net Income $2,059 $36,026 -0.9%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY RYAN PRESIDENT 1.00
Officer Director
$0 $0 $0
DEBORAH JEROME VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WENDY SMITH SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN BUFFUM TREASURER 1.00
Officer Director
$0 $0 $0
ANNA CLANCY ASST. TREASURER 1.00
Officer Director
$0 $0 $0
PATRICK CHEKAO DIRECTOR 1.00
Director
$0 $0 $0
MARY FEELEY DIRECTOR 1.00
Director
$0 $0 $0
KATHY HUNT DIRECTOR 1.00
Director
$0 $0 $0
PATRICK SCOTT DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW RICHKUS DIRECTOR 1.00
Director
$0 $0 $0
MARY ALYCE GASBARRO DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $100,582 $98,523 $1,703,224 $2,059
2022 $150,438 $114,412 $1,499,350 $36,026
2021 $218,050 $127,266 $1,831,470 $90,784
2020 $166,575 $100,959 $1,666,351 $65,616
2019 $118,907 $80,824 $1,476,870 $38,083
2018 $170,600 $66,690 $1,263,209 $103,910
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