Clyde Russell Scholarship Fund

Address
35 Community Drive
Augusta, ME 04330
Contact
Website: http://www.clyderussellscholarshipfund.org
Phone: +1 (207) 622-5866
Nonprofit
NTEE: B82 - Scholarships, Student Financial Aid Services, Awards
EIN: 22-2535972

Mission

To provide scholarships to Maine citizens, including but not limited to, those who pursue the teaching profession.
 20172016201520142013
Basic features of the organization
Year of formation1989
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel    $0.00
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00  
Number of employees111 1
Number of people compensated >$100k000 0
Number of volunteers202020 25
Number of highly compensated contractors000  
Personnel
Colby, Robin
Title Past TrusteeTrustee Trustee
Name of key/compensated person Robin ColbyRobin Colby ROBIN COLBY
Position of compensated person
Current individual trustee or director TrueTrue True
Average hours per week working for org 1.001.00 0.50
Reportable compensation from org $0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00 $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $2,684.00$2,463.00 $0.00
Average hours per week working for related orgs 2.002.00 0.00
Deming, Ian
TitleSecretary to the TrusteesSecretary to the TrusteesSecretary to the Trustees Sec to Trustees
Name of key/compensated personIan DemingIan DemingIan Deming IAN DEMING
Position of compensated person
Average hours per week working for org3.003.003.00 3.00
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$75,326.00$74,166.00$71,320.00 $63,164.00
Corresponding comp from related orgs
Reportable compensation from related orgs $126,429.00$124,895.00$121,058.00 $116,431.00
Average hours per week working for related orgs40.0040.0040.00 40.00
Head, Don
TitlePast TrusteeTrusteeTrustee  
Name of key/compensated personDon HeadDon HeadDon Head  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Average hours per week working for related orgs0.000.000.00  
Kilby-Chesley, Lois
TitleChairChairTrustee Trustee
Name of key/compensated personLois Kilby-ChesleyLois Kilby-ChesleyLois Kilby-Chesley Lois Kilby-Chesley
Position of compensated person
Current individual trustee or directorTrueTrueTrue True
Average hours per week working for org1.001.001.00 0.50
Reportable compensation from org$0.00$0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs$20,257.00$24,920.00$29,029.00 $9,162.00
Corresponding comp from related orgs
Reportable compensation from related orgs $126,659.00$125,533.00$125,687.00 $58,627.00
Average hours per week working for related orgs41.0040.0040.00 40.00
Leavitt, Grace
TitleTrusteeTrusteeTrustee  
Name of key/compensated personGrace LeavittGrace LeavittGrace Leavitt  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $13,404.00$13,078.00$12,879.00  
Average hours per week working for related orgs10.0510.0010.00  
Major, Jennifer
Title    Trustee
Name of key/compensated person    Jennifer Major
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Shumaker, William
Title    Trustee
Name of key/compensated person    WILLIAM SHUMAKER
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Simoneau, Denise
TitleTrusteeTrustee   
Name of key/compensated personDenise SimoneauDenise Simoneau   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $6,702.00$6,539.00   
Average hours per week working for related orgs5.055.00   
Walker, Rob
TitleVice ChairVice ChairTrustee  
Name of key/compensated personRob WalkerRob WalkerRob Walker  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$74,729.00$62,513.00$61,409.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $152,251.00$151,156.00$148,673.00  
Average hours per week working for related orgs41.0040.0040.00  
Walker, Robert
Title    Trustee
Name of key/compensated person    ROBERT WALKER
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.50
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $49,825.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $142,900.00
Average hours per week working for related orgs    40.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo provide scholarships to Maine citizens, including, but not limited to, those who pursue the teaching profession.To provide scholarships to Maine citizens, including, but not limited to, those who pursue the teaching profession.To provide scholarships to Maine citizens, including, but not limited to, those who pursue the teaching profession. TO PROVIDE SCHOLARSHIPS TO MAINE CITIZENs, INCLUDING, BUT NOT LIMITED TO, THOSE WHO PURSUE THE TEACHING PROFESSION.
Program service expenses, total$15,000.00$18,000.00$21,000.00 $21,000.00
Programs, including revenue & expenses
To provide scholarships, grants, loans or gifts to citizens of Maine, including but not limited to, those who pursue the teaching profession with the intent to advance cultural and educational opportunities for the citizens of Maine.
Program expenses$15,000.00$18,000.00$21,000.00 $21,000.00
Grants and allocations made$15,000.00$18,000.00$21,000.00 $21,000.00
Program descriptionTo provide scholarships, grants, loans or gifts to citizens of Maine, including but not limited to, those who pursue the teaching profession with the intent to advance cultural and educational opportunities for the citizens of Maine.To provide scholarships, grants, loans or gifts to citizens of Maine, including but not limited to, those who pursue the teaching profession with the intent to advance cultural and educational opportunities for the citizens of Maine.To provide scholarships, grants, loans or gifts to citizens of Maine, including but not limited to, those who pursue the teaching profession with the intent to advance cultural and educational opportunities for the citizens of Maine. TO PROVIDE SCHOLARSHIPS, GRANTS, LOANS OR GIFTS TO CITIZENS OF MAINE INCLUDING, BUT NOT LIMITED TO, THOSE WHO PURSUE THE TEACHING PROFESSION WITH THE INTENT TO ADVANCE CULTURAL AND EDUCATIONAL OPPORTUNITIES FOR THE CITIZENS OF MAINE.
Financial data
Revenue
Total revenue$50,792.00$35,428.00$60,680.00 $34,844.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$50,792.00$35,428.00$60,680.00 $34,844.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00 $0.00
Total unrelated business revenue$0.00$0.00$0.00 $0.00
Other revenue, current yr$0.00$0.00$0.00 $0.00
Net unrelated business taxable revenue$0.00$0.00$0.00  
Program service revenue (total)  $0.00$0.00$0.00
Gross receipts$76,416.00$102,379.00$145,699.00 $128,990.00
Other types of revenue
Royalties (total)    $0.00
Miscellaneous revenue (total)    $0.00
Net revenue from gaming (total)    $0.00
Income from dividends, interest, and similar investments$19,426.00$18,558.00$20,018.00 $20,784.00
Net rental income  $0.00$0.00$0.00
Net income from fundraising events    $0.00
Net inventory sales (total)    $0.00
Expense categories (totals)
Total functional expenses: sum of all$32,568.00$44,117.00$44,705.00 $50,539.00
Total functional expenses: program service $15,000.00$18,000.00$21,000.00 $21,000.00
Total functional expenses: management and general$17,568.00$26,117.00$23,705.00 $29,539.00
Total functional expenses: fundraising$0.00$0.00$0.00 $0.00
Fees for services
Lobbying fees (total)    $0.00
Legal fees (total)    $0.00
Fundraising service fees (total)$0.00$0.00$0.00 $0.00
General management fees (total) $7,536.00$7,536.00 $7,536.00
Investment management fees (total)$5,811.00$5,628.00$5,843.00 $5,454.00
Assets and liabilities
Total assets$1,001,106.00$947,719.00$907,611.00$983,165.00$889,409.00
Total assets, beginning of year$946,819.00$907,611.00$983,165.00 $838,048.00
Total liabilities$0.00$0.00$0.00$0.00$0.00
Total liabilities, beginning of year$0.00$0.00$0.00 $7,536.00
Pledges & accounts receivable, net    $0.00
Loans & receivables from key persons    $0.00
Unrestricted net assets, end of yr$1,001,106.00$947,719.00$907,611.00 $889,409.00
Net assets$1,001,106.00$947,719.00$907,611.00 $889,409.00
Net assets, beginning of year$946,819.00$907,611.00$983,165.00 $830,512.00
Intangible assets    $0.00
Other assets    $0.00
Investments: other securities    $0.00
Investments: publicly traded securities$989,246.00$931,652.00$899,198.00 $876,391.00
Cash: non-interest bearing$6,374.00$2,591.00$5,822.00 $8,122.00
Cash: non-interest bearing, beginning of year$2,591.00$5,822.00$1,603.00 $14,752.00
Investments -- program-related    $0.00
Inventories for sale or use    $0.00
Other financial variables
Revenue less expenses$18,224.00-$8,689.00$15,975.00 -$15,695.00
Advertising (total)    $0.00
Savings & temp cash investment$5,486.00$12,576.00$1,211.00 $4,058.00
Accounts receivable, net    $0.00
Prepaid expenses & deferred charges $900.00$1,380.00 $838.00
Total net assets or fund balances$1,001,106.00$947,719.00$907,611.00 $889,409.00
Depreciation, depletion, amortization    $0.00
Payment to affiliates    $0.00
Governance and accountability
Number of voting members455 5
Number of independent voting members123 3
Cash accountingTrueTrueTrue True
Tax year start date2016-09-012015-09-012014-09-01 2012-09-01
Tax year end date2017-08-012016-08-012015-08-012014-08-012013-08-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990 990
Date e-filing submitted2018-03-262017-08-102016-03-17 2014-03-12
IRS schema version2016v3.02015v3.02014v6.0 2012v2.0
Filing identifier201810579349300336201740689349300444201600149349301395 201410139349303251
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