Yale Scholarship Trust of Boston

Nonprofit profile at a glance

EIN
046113108
IRS 990-EZ coverage
2021–2021
Forms available
Form 990 2014, Form 990-EZ 2021, Form 990-N 2017
Location
Boston, MA, USA
Phone
6177421500
Rating
33
Verdict
REVIEW
Rating confidence
Limited
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$2
Expenses
$0
Assets
$8,251
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • Jon E Steffensen (Chair and Trustee)
  • Donald C Hancock (Treasurer and Trustee)
  • John C Kane Jr (Trustee)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Advise on selection of recipients of Yale scholarships - funds owned, held, and invested by Yale University; help designate 30-50 local students to receive need-based scholarships to Yale Univ. each fiscal year; notify scholarship recipients of local Yale alumni club activities and scholarship fund support.

What it reported doing in 2021

The Yale Scholarship Trust of Boston selected a total of twenty-four (24) Yale University students to receive an aggregate of $283,000 in scholarships. The Trust selected scholarship recipients from a list, provided by the supported organization Yale University, of Yale University students who attended secondary schools in the greater Boston area, indicating the amount of need-based financial aid each eligible student required as well as the aggregate amount of scholarship funds that could be awarded. The scholarships were granted by the University, funded from accounts owned, controlled, and managed solely by Yale University which are designated as Yale Scholarship Trust of Boston accounts. The principal amount in such designated accounts originally came from funds raised by the Yale Scholarship Trust of Boston but previously transferred to Yale University, which solely owns, controls and manages such funds. Designating such scholarship recipients is the sole activity of the Yale Scholarship Trust of Boston; it does not solicit donations.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -15.9% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -15.6% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.