Ispe Boston Area Chapter Scholarship Foundation Inc
Nonprofit profile at a glance
- EIN
- 822457536
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- Waltham, MA, USA
- Phone
- 7816474773
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $98,747
- Expenses
- $61,587
- Assets
- $249,129
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- ERIC FELZ (PRESIDENT)
People named in this filing
- ERIC FELZ (PRESIDENT)
- SAMUEL MUSIAK (SCH. CHAIR)
- LIANG NOINALA (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ispe boston area chapter scholarship foundation, inc. Administers the joel goldenberg memorial scholarship fund program ("scholarship program"). This merit-based scholarship program was created for the purpose of giving back to its community of professionals in the effort to further the knowledge base and skill sets of individuals. This scholarship program is being administered in honor of joel goldenberg, a past president of the boston area chapter, whose wish was to support the educational pursuits of international society for pharmaceutical engineering (ispe) members and others looking to further their education and career development in the field of pharmaceutical engineering. The corporation shall be organized and operated exclusiviely for charitable, scientific, and educational purposes within the meaning of 501(c)(3) of the internal revenue code of 1986, as now in effect or as may hereafter be amended ("the code") and section 4 (a)of chapter 180 of the Massachusetts general
What it reported doing in 2024
Direct scholarships
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 82
- Sustainability: 71
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.2%; rating input score 47
- Program expense ratio: 71%; rating input score 71
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 37.6%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 4.05; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -4.8% per year; rating input score 0; 36th percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 22.4% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 47.2% of revenue deployed · 71% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $44K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.