2025-03-26T08:16:22-07:00 2024-12-31 030275888 Salvador and Babic PC PO Box 593 Barre VT 05641 990 2024-01-01 306151406 ROSELLI FAMILY SCHOLARSHIP ROSE 8024790645 c/o CFSG 316 N MAIN ST BARRE VT 05641 JOSEPH P PREDDY TRUSTEE 8024790645 2025-03-13 true true Reta M Sanders CPA P01244758 8024768673 2025-03-20 2024 2025-03-06 01:10:19Z CFSG 316 NORTH MAIN ST BARRE VT 05641 4253629 false X N/A X 2007 VT MOST SIGNIFICANT ACTIVITY & MISSION IS TO HOLD, MANAGE, ADMINISTER AND DISTRIBUTE SCHOLARSHIP FUNDS TO BENEFIT STUDENTS THAT ARE RESIDENTS OF THE CITY OF MONTPELIER AND HAVE GRADUATED FROM ITS DESIGNATED HIGH SCHOOL 1 0 0 0 0 0 0 0 36663 875459 0 36663 875459 165375 166250 0 0 0 0 31998 36064 197373 202314 -160710 673145 3844073 4517218 0 3844073 4517218 MOST SIGNIFICANT ACTIVITY & MISSION IS TO HOLD, MANAGE, ADMINISTER AND DISTRIBUTE SCHOLARSHIP FUNDS TO BENEFIT STUDENTS THAT ARE RESIDENTS OF THE CITY OF MONTPELIER AND HAVE GRADUATED FROM ITS DESIGNATED HIGH SCHOOL false false 166250 166250 0 THROUGH LOCAL HIGH SCHOOL, DISTRIBUTED TOTAL INSTALLMENT OF MULTI-YEAR SCHOLARSHIPS TO 49 STUDENTS. DISTRIBUTED FIRST INSTALLMENT TO 23 STUDENTS, DISTRIBUTED SECOND INSTALLMENT TO 7 STUDENTS, DISTRIBUTED THIRD INSTALLMENT TO 9 STUDENTS, AND DISTRIBUTED FOURTH INSTALLMENT TO 10 STUDENTS TO ATTEND VARIOUS POST SECONDARY EDUCATIONAL INSTITUTIONS. 166250 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false true false false false false false false false true false false false false true 0 0 true 0 false false false false false false false false false false false false false X 1 0 false false false false false false false true true false false true false false false false false false X JOSEPH P PREDDY CFSG 8024768673 316 NORTH MAIN STREET BARRE VT 05641 X COMMUNITY FINANCIAL SERVICES GROUP (CFSG) TRUSTEE 1.50 X 0 18730 0 0 18730 0 false false false 145193 0 145193 4108436 3378170 730266 730266 0 0 730266 875459 0 0 875459 166250 166250 1640 0 1640 0 31216 0 31216 0 TAX EXPENSE 2443 0 2443 0 MISCELLANEOUS EXP 765 0 765 0 202314 166250 36064 0 3844073 4517218 3844073 4517218 0 0 X 3844073 4517218 3844073 4517218 3844073 4517218 673145 X false false false X X 1 MONTPELIER HIGH SCHOOL 036000578 2 true 166250 0 1 166250 0 0 0 0 0 true false false false false false false false false false false false false false false false false false true false false X true true Pt IV Sec D Ln 2 AS TRUSTEE, CFSG MAINTAINS AN OPEN DIALOGUE WITH THE ADMINISTRATION/BUSINESS OFFICE AND THE SCHOLARSHIP COMMITTEE. THEY ARE INFORMED OF THE ANNUAL SCHOLARSHIP AMOUNT AVAILABLE AND PARAMETERS OF THE ROSELLI TRUST REGARDING REQUIREMENTS. IN RETURN, MONTPELIER HIGH SCHOOL PROVIDES THE NAMES OF ALL RECIPIENTS OF THE ROSELLI SCHOLARSHIP AND CFSG AS TRUSTEE COMMUNICATES AND TRACKS EACH INDIVIDUAL SCHOLARSHIP AWARDEE AS THEY PROGRESS THROUGH THEIR COLLEGE YEARS. CFSG VERIFIES AND MAINTAINS RECORDS ON EACH INDIVIDUAL SCHOLARSHIP RECIPIENTS ELIGIBILITY AS PER THE TERMS OF THE TRUST. Pt IV Sec E Ln 2a THE SOLE PURPOSE OF THE ROSELLI SCHOLARSHIP FUND IS TO PROVIDE EDUCATIONAL EXPENSE ASSISTANCE FOR GRADUATES OF MONTPELIER HIGH SCHOOL. MONTPELIER HIGH SCHOOL AS A SCHOLARSHIP SELECTION COMMITTEE THAT SELECTS NOT ONLY STUDENTS FOR THE ROSELLI SCHOLARSHIP BUT OTHER SCHOLARSHIP AWARDS AS WELL. MONTPELIER HIGH SCHOOL PREPARES YOUNG INDIVIDUALS TO SUCCEED AFTER HIGH SCHOOL AND THE ROSELLI SCHOLARSHIP DIRECTLY CONTRIBUTES TO THIS MISSION BY PROVIDING FUNDS FOR STUDENTS TO ATTEND 2 OR 4 YEAR COLLEGES. Pt IV Sec E Ln 2b WHETHER THE ROSELLI SCHOLARSHIP FUND EXISTED OR NOT, MONTPELIER HIGH SCHOOL WOULD BE A TAX EXEMPT ORGANIZATION AND WOULD BE SELECTING AND AWARDING SCHOLARSHIPS. MHS WAS DOING THIS PRIOR TO THE EXISTENCE OF THE ROSELLI SCHOLARSHIP FUND. true MONTPELIER HIGH SCHOOL 5 HIGH SCHOOL DR MONTPELIER VT 05602 036000578 501 (C) 3 166250 0 N/A N/A SCHOLARSIHP 1 0 Pt I Line 2 THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY TELEPHONE AND CORRESPONDENCE FOLLOWUP FOR EACH SCHOLARSHIP RECIPIENT AND IT KEEPS CONTEMPORANEOUS RECORDS OF ALL ACTIVITIES. COMMUNITY FINANCIAL SERVICES GROUP CFSG PROVIDES INV MGMNT 12486 INVESTMENT MANAGEMENT FEES false Pt VI, Line 11b THE ORGANIZATIONS TRUSTEE, COMMUNITY FINANCIAL SERVICES GROUP (CFSG), REVIEWED THE FULLY PREPARED FORM 990 BEFORE IT WAS FILED WITH THE IRS. TRUST OFFICER JOSEPH PREDDY REVIEWED ALL ASPECTS OF THE FORM. Pt VI, Line 15a THE ORGANIZATIONS CORPORATE TRUSTEE IS COMPENSATED WITH AN ANNUAL ASSET FEE OF .6% - WHICH IS ON THE LOW END OF ITS REGULAR FEE RANGE OF .5% TO 1.0%. NO STAFF OF THE TRUSTEE HAVE COMPENSATION WHICH IS DIRECTLY OR INDIRECTLY TIED TO THE ORGANIZATIONS ACTIVITIES OR PERFORMANCE. Pt VI, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE OF THE TRUSTEE. MONTPELIER HIGH SCHOOL 5 HIGH SCHOOL DRIVE MONTPELIER VT 05602 036000578 PROVIDES HIGH SCHOOL EDUCATION VT 501(c)(3) LINE 2 SCHOOL NA false true false false false false false false false false false false false false false false false false false