The John Gloucester Memorial Presbyterian Church Scholarship Fund

EIN: 316669796 501(c)(3) Education

Boston, MA

Total Revenue
$22,264
Total Expenses
$19,934
Total Assets
$310,417
Net Assets
$310,417
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MA
Principal Officer
Andree M Saulnier
Phone
6172484760
Tax Period
2024-04-01 to 2025-03-31

The John Gloucester Memorial Presbyterian Church Scholarship Fund, founded in 2000, is a micro nonprofit in the Education sector that reported $22K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $20K left a modest 10% surplus.

Mission

The Organization awards educational scholarships in an objective and nondiscriminatory manner. Its governing instrument directs that preference be given to persons possessing one or more of the following characteristics: (i) status as a member, or descendent from a member, of the congregation of the John Gloucester Memorial Presbyterian Church, one of the oldest Black Presbyterian congregations in New England; (ii) being a person of color; (iii) residence in Mission Hill, an inner-city neighborhood in Boston, Massachusetts; (iv) demonstrated academic ability; (v) demonstrated leadership and citizenship; (vi) membership in the Presbyterian Church;(vii) a desire to attend a Presbyterian educational institution; and (viii) knowledge of the history of the John Gloucester Memorial Presbyterian Church. No single factor is dispositive, and additional criteria may from time to time be articulated and applied.

Program Service Accomplishments

Program 1
Expenses: $16,772 Revenue: $0

Perform charitable and educational functions of the Presbytery of Boston - Presbyterian Church (U.S.A.) including but not limited to providing educational opportunities for young people.

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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 (2024)

Revenue Breakdown

Contributions & Grants $250
Program Service Revenue $0
Investment Income $22,014
Other Revenue $0
TOTAL REVENUE $22,264

Expense Breakdown

Grants Paid $12,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,772
Other Expenses $7,934
TOTAL EXPENSES $19,934

Year-over-Year Comparison

2024 2023 Change
Revenue $22,264 $13,335 +0.7%
Expenses $19,934 $7,402 +1.7%
Net Income $2,330 $5,933 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dana C Lumsden Trustee 1.00
Director
$0 $0 $0
Andree M Saulnier Trustee 1.00
Director
$0 $0 $0
Louis Charles Willard Trustee 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
2025 $22,264 $19,934 $310,417 $2,330
2024 $13,335 $7,402 $312,275 $5,933
2023 $1,436 $17,095 $264,025 $-15,659
2022 $37,141 $27,863 $312,100 $9,278
2021 $14,039 $24,360 $331,753 $-10,321
2020 $12,972 $12,250 $249,869 $722
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