2023-05-15T10:54:17-05:00 2022-06-30 043006399 BAUMANN & BAUMANN CPAS LLP 40 WALNUT STREET SUITE 301 WELLESLEY MA 02481 990 2021-07-01 042392419 WELLESLEY SCHOLARSHIP FOUNDATION INC WELL 6176767901 PO BOX 81207 WELLESLEY MA 02481 NIKI BRINKMAN-OFENLOCH TREASURER 6176767901 2023-05-15 1 NIKI BRINKMAN-OFENLOCH 999009999 KARL M BAUMANN P00118643 7812390190 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NIKI BRINKMAN-OFENLOCH PO BOX 81207 WELLESLEY MA 02481 458040 0 X WELLESLEYSCHOLARSHIPFOUNDATION.ORG X 1951 MA TO PROVIDE FINANCIAL ASSISTANCE TO POST-SECONDARY STUDENTS FROM WELLESLEY. 27 27 0 0 0 0 236217 204622 0 0 13974 253418 0 0 250191 458040 352505 367050 0 0 0 0 0 0 4947 23113 30735 375618 397785 -125427 60255 8181511 6869832 208027 396950 7973484 6472882 TO PROVIDE MERIT AND NEED-BASED SCHOLARSHIPS TO WELLESLEY RESIDENTS, AND TO NON-RESIDENTS OF WELLESLEY WHO ARE GRADUATES OF WELLESLEY HIGH SCHOOL, FOR POST-SECONDARY EDUCATION. 0 0 367050 367050 MERIT AND NEED-BASED SCHOLARSHIPS GRANTED TO WELLESLEY RESIDENTS, AND TO NON-RESIDENTS OF WELLESLEY WHO ARE GRADUATES OF WELLESLEY HIGH SCHOOL, FOR POST-SECONDARY EDUCATION. 367050 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 MA X NIKIBRINKMANYAHOOCOM 6176767901 PO BOX 81207 WELLESLEY MA 02481 X ALLISON SUNNY ALLEN TRUSTEE 0.50 X 0 0 0 ANN MARIE GROSS CO-PRESIDENT 1.00 X X 0 0 0 BRIAN BOYCE TREASURER 1.00 X X 0 0 0 CHRIS CAVALLERANO TRUSTEE 0.50 X 0 0 0 DAN GROSS TRUSTEE 0.50 X 0 0 0 DIANE CAMPBELL TRUSTEE 0.50 X 0 0 0 ELIZABETH COOK TRUSTEE 0.50 X 0 0 0 ELIZABETH ROGERS TRUSTEE 0.50 X 0 0 0 JAMIE CHISUM TRUSTEE 0.50 X 0 0 0 JULIE KOENINGER TRUSTEE 0.50 X 0 0 0 KATHY SKELLY CO-PRESIDENT 1.00 X X 0 0 0 KELTY WHITWORTH WHITE TRUSTEE 0.50 X 0 0 0 LINDA CHOW TRUSTEE 0.50 X 0 0 0 NORA TRACY PHILLIPS TRUSTEE 0.50 X 0 0 0 PETER CORY TRUSTEE 0.50 X 0 0 0 SARAH PEDERSEN TRUSTEE 0.50 X 0 0 0 SUSAN CLAPHAM TRUSTEE 0.50 X 0 0 0 TOM SMITH TRUSTEE 0.50 X 0 0 0 STACY BRAATZ TRUSTEE 0.50 X 0 0 0 NIKI BRINKMAN-OFENLOCH TRUSTEE 0.50 X 0 0 0 MARIA CONCETTA CONNIE BURTON TRUSTEE 0.50 X 0 0 0 LISA COLLINS TRUSTEE 0.50 X 0 0 0 SABREENA KROPP TRUSTEE 0.50 X 0 0 0 ILDI NIELSEN TRUSTEE 0.50 X 0 0 0 MASON SMITH SECRETARY 1.00 X X 0 0 0 NERINE WARASTA TRUSTEE 0.50 X 0 0 0 DAVID LUSSIER TRUSTEE 0.50 X 0 0 0 0 0 0 0 0 0 0 0 204622 204622 46804 46804 206614 0 206614 206614 206614 458040 0 0 253418 367050 367050 11910 11910 6216 6216 11035 7162 3873 POSTAGE AND DELIVERY 1074 1074 CHARITY 500 500 397785 367050 25788 4947 52674 156923 625626 673295 30000 20000 7473211 6019614 8181511 6869832 4527 4450 203500 392500 208027 396950 X 5877073 4476642 2096411 1996240 7973484 6472882 8181511 6869832 60255 -1560857 0 X 1 X 0 0 0 X 500128 212009 258179 236217 204622 1411155 500128 212009 258179 236217 204622 1411155 32905 1378250 792577 381708 1922 13974 253418 1443599 2854754 0.48280 0.48550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3248611 34629 -110800 24000 3148440 3094358 34109 503999 383855 3248611 3059777 29280 102093 96792 3094358 3042542 29604 39312 51681 3059777 3006511 28475 124219 116663 3042542 0.36600 0.54350 0.09050 0 0 0 TIFF GLOBAL EQUITY FUND 4111944 F FIDELITY SHORT TERM BOND (FSHBX) 1866545 F VANGUARD STAR FUND 41125 F 6019614 X PART V, LINE 4: TO PROVIDE FINANCIAL ASSISTANCE (SCHOLARSHIPS) TO POST-SECONDARY STUDENTS. PART X, LINE 2: THE FOUNDATION'S FEDERAL RETURNS FOR THE YEARS ENDED JUNE 30, 2019 THROUGH JUNE 30, 2022 ARE SUBJECT TO EXAMINATION BY THE IRS AND MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FINANCIAL ACCOUNTING STANDARDS BOARD ASC 740-10 PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2022 OR JUNE 30, 2021. 1 PRIMARILY NEED-BASED SCHOLARSHIPS FOR POST SECONDARY EDUCATION OF WELLESLEY RESIDENTS MADE PAYABLE TO THE POST SECONDARY SCHOOL. 98 367050 BOOK PART I, LINE 2: THE SCHOLARSHIP COMMITTEE APPROVES THE STUDENT SCHOLARSHIPS AFTER RECEIVING THE STUDENT'S APPLICATION. SCHOLARSHIP CHECKS ARE MADE PAYABLE TO THE SCHOOL THAT THE STUDENT ATTENDS. THE TREASURER VERIFIES THAT THE SCHOOL HAS CASHED THE CHECK AND THE COMMITEE VERIFIES THAT THE STUDENT IS ATTENDING THE SCHOOL AND IS MEETING THE TERMS OF THE SCHOLARSHIP. CHRIS CAVALLERANO TRUSTEE 500 SCHOLARSHIP TUITION ASSISTANCE FORM 990, PART VI, SECTION A, LINE 2 ANN MARIE GROSS, A CO-PRESIDENT, IS MARRIED TO DAN GROSS, A TRUSTEE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO ARE ELECTED AT THE ANNUAL MEETING OF THE CORPORATION. THE MEMBERS ELECT THE TRUSTEES. ALL TRUSTEES ARE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO ARE ELECTED AT THE ANNUAL MEETING OF THE CORPORATION. THE MEMBERS ELECT THE TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE POWER TO AMEND THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER, THE AUDIT COMMITTEE AND THE BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. AN ANNUAL CONFLICT OF INTEREST STATEMENT IS COMPLETED BY EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE AND IS REVIEWED BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S BOARD OF TRUSTEES MAKES THE FORMS AVAILABLE FOR PUBLIC INSPECTION ON A PER REQUEST BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE BOARD MAKES THE DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION ON A PER REQUEST BASIS.