Operating record

Merrimack Valley Italian-American Scholarship Fund Incorporated

Andover, MA · EIN 04-3531925 · files the short form (990-EZ), so reduced detail · latest public year 2021

YearMoney inMoney outResultReserve mo.Staffing
2020$552$9,049−$8,49786.1
2021$136$1,640−$1,504464.3

In its most recent public year (2021), this organization spent $1,504 more than it brought in. Its reserves stood at about 464.3 months of spending, up from 86.1 in 2020.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2021. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗