2020-12-04T11:56:53-06:00 2020-06-30 043006399 BAUMANN & BAUMANN CPAS LLP 40 WALNUT STREET SUITE 301 WELLESLEY MA 02481 990 2019-07-01 042392419 WELLESLEY SCHOLARSHIP FOUNDATION INC WELL 7812375536 PO BOX 81207 WELLESLEY MA 02481 BRIAN BOYCE TREASURER 6172375536 2020-12-04 1 KARL M BAUMANN P00118643 7812390190 2019 2022-09-23 18:48:47Z BRIAN BOYCE PO BOX 81207 WELLESLEY MA 02481 2476131 0 X WELLESLEYSCHOLARSHIPFOUNDATION.ORG X 1951 MA TO PROVIDE FINANCIAL ASSISTANCE TO POST-SECONDARY STUDENTS FROM WELLESLEY. 27 27 0 0 0 0 212009 258179 0 0 381708 -290832 0 0 593717 -32653 343496 200600 0 0 0 0 0 0 5961 27177 29404 370673 230004 223044 -262657 6434065 6667477 362500 238514 6071565 6428963 X 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 1 200600 200600 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. 200600 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 1 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 MA X BRIAN BOYCE 7812375536 14 PICKWICK WAY WAYLAND MA 01778 X ALLISON SUNNY ALLEN TRUSTEE 0.50 X 0 0 0 ANN MARIE GROSS TRUSTEE 0.50 X 0 0 0 BEVERLY DONOVAN TRUSTEE 1.00 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 DAVID LUSSIER TRUSTEE 0.50 X 0 0 0 DAWNA DEWIRE TRUSTEE 0.50 X 0 0 0 DELISSA PRIDEAUX 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 GRACE BERESTECKI TRUSTEE 0.50 X 0 0 0 ILISSA POVICH TRUSTEE 0.50 X 0 0 0 JAMIE CHISUM TRUSTEE 0.50 X 0 0 0 JENNIFER HANLON WIGON TRUSTEE 0.50 X 0 0 0 JULIE KOENINGER TRUSTEE 0.50 X 0 0 0 KATHY SKELLY TRUSTEE 0.50 X 0 0 0 KELTY WHITWORTH WHITE TRUSTEE 0.50 X 0 0 0 LINDA CHOW CO-PRESIDENT 1.00 X X 0 0 0 LINDA GRAPE TRUSTEE 0.50 X 0 0 0 LIZ WEAVER SECRETARY 1.00 X 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 CO-PRESIDENT 1.00 X X 0 0 0 SUSAN CLAPHAM TRUSTEE 0.50 X 0 0 0 TOM SMITH TRUSTEE 0.50 X 0 0 0 0 0 0 0 0 0 0 0 258179 14313 258179 1922 1922 2216030 2508784 -292754 -292754 -292754 -32653 0 0 -290832 200600 200600 709 709 11110 11110 8084 8084 4459 3432 1027 PRINTING AND REPRODUCTI 3447 3447 POSTAGE AND DELIVERY 1487 1487 BANK CHARGE 108 108 230004 200600 23443 5961 17510 683437 421670 538571 15000 40000 5979885 5405469 6434065 6667477 2500 514 360000 238000 362500 238514 X 4163988 4486805 1907577 1942158 6071565 6428963 6434065 6667477 -262657 620055 0 X 1 X 0 0 0 X 179722 209558 500128 212009 258179 1359596 179722 209558 500128 212009 258179 1359596 18890 1340706 266197 253506 792577 381708 1922 1695910 3055506 0.43880 0.37090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3059777 29280 102093 96792 3094358 3042542 29604 39312 51681 3059777 3006511 28475 124219 116663 3042542 2944088 31122 204348 173047 3006511 2952402 31770 -16084 24000 2944088 0.37240 0.53080 0.09680 0 0 0 TIFF MULI-ASSET FUND, AN OPEN END MUTUAL FUND 4105469 F TIFF GLOBAL EQUITY FUND 1300000 F 5405469 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, 2017 THROUGH JUNE 30, 2020 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, 2020 OR JUNE 30, 2019. 1 PRIMARILY NEED-BASED SCHOLARSHIPS FOR POST SECONDARY EDUCATION OF WELLESLEY RESIDENTS MADE PAYABLE TO THE POST SECONDARY SCHOOL. 81 200600 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 BOARD TRUSTEE 7500 SCHOLARSHIP TUITION ASSISTANCE FORM 990, PART III, LINE 3 ON SEPTEMBER 11, 2019, THE TRUSTEES VOTED TO AMEND THE FOUNDATION'S ARTICLES OF ORGANIZATION, EFFECTIVE OCTOBER 1, 2019, TO AWARD SCHOLARSHIPS TO NON-RESIDENTS OF WELLESLEY WHO ARE GRADUATES OF WELLESLEY HIGH SCHOOL, AS WELL AS TO WELLESLEY RESIDENTS. FORM 990, PART VI, SECTION A, LINE 2 ANN MARIE GROSS, A TRUSTEE, IS MARRIED TO DAN GROSS, A TRUSTEE. FORM 990, PART VI, SECTION A, LINE 4 ON SEPTEMBER 11, 2019, THE TRUSTEES VOTED TO AMEND THE FOUNDATION'S ARTICLES OF ORGANIZATION, EFFECTIVE OCTOBER 1, 2019, TO AWARD SCHOLARSHIPS TO NON-RESIDENTS OF WELLESLEY WHO ARE GRADUATES OF WELLESLEY HIGH SCHOOL, AS WELL AS TO WELLESLEY RESIDENTS. ON NOVEMBER 4, 2019, ARTICLE 7 OF THE BYLAWS WAS AMENDED TO REMOVE THE REFERENCE TO "WELLESLEY RESIDENTS" TO INDICATE THAT "THE SCHOLARSHIP COMMITTEE MAY WORK WITH THE BOARD OF SELECTMEN AND OTHER WELLESLEY ORGANIZATIONS IN MAKING AVAILABLE SCHOLARSHIP AID." 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.