THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC: Form 990, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC (EIN 04-2444195)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-07-29
- IRS object ID
- 202622109349300122
- Schema version
- 2025v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-07-29T10:56:34-04:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043147371 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRUCE D NORLING CPA PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 410 BOSTON POST RD STE 24 | AddressLine1Txt |
| City | SUDBURY | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01776 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042444195 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SCHOLARSHIP FOUNDATION OF | BusinessNameLine1Txt |
| Business Name Line2 | WAKEFIELD INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SCHO | BusinessNameControlTxt |
| Phone | 7812454890 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 321 | AddressLine1Txt |
| City | WAKEFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01880 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN J LANDERS JR | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 7812454890 | PhoneNum |
| Signature | 2026-07-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRUCE D NORLING CPA PC | PreparerPersonNm |
| PTIN | P01012704 | PTIN |
| Phone | 9784439114 | PhoneNum |
| Preparation | 2026-07-29 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN J LANDERS JR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28 THORNDIKE STREET | AddressLine1Txt |
| City | SOMERVILLE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02144 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $8,832,630 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.TSFOFWAKEFIELD.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1960 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | IT IS THE MISSION OF THE SCHOLARSHIP FOUNDATION OF WAKEFIELD (TSFW) TO RAISE AND ADMINISTER FUNDS FOR SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING FOR RESIDENTS OF THE TOWN OF WAKEFIELD ATTENDING POST SECONDARY INSTITUTES FULL TIME. | ActivityOrMissionDesc |
| Voting Members Governing Body | 32 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 32 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Volunteers | 40 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $644,055 | PYContributionsGrantsAmt |
| CY Contributions Grants | $950,193 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,319,670 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,944,883 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,963,725 | PYTotalRevenueAmt |
| CY Total Revenue | $2,895,076 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $782,275 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $820,200 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $126,454 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $135,684 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $99,126 | PYOtherExpensesAmt |
| CY Other Expenses | $193,798 | CYOtherExpensesAmt |
| PY Total Expenses | $1,007,855 | PYTotalExpensesAmt |
| CY Total Expenses | $1,149,682 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $955,870 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,745,394 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $23,812,386 | TotalAssetsBOYAmt |
| Total Assets EOY | $26,227,788 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $15,600 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,400 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $23,796,786 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $26,217,388 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | IT IS THE MISSION OF THE SCHOLARSHIP FOUNDATION OF WAKEFIELD (TSFW) TO RAISE AND ADMINISTER FUNDS FOR SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING FOR RESIDENTS OF THE TOWN OF WAKEFIELD ATTENDING POST SECONDARY INSTITUTES FULL TIME. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $820,200 | ExpenseAmt |
| Grant | $820,200 | GrantAmt |
| Desc | THE FUND ASSISTED 273 STUDENTS FROM THE TOWN OF WAKEFIELD IN ACHIEVING A POST SECONDARY EDUCATION BY PROVIDING SCHOLARSHIPS TOTALING 820,200. | Desc |
| Total Program Service Expenses | $820,200 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 32 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 32 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN J LANDERS JR | PersonNm |
| Phone | 7812454890 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 321 | AddressLine1Txt |
| City | WAKEFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01880 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| RICHARD BONDI | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JO-ANNE BOURQUE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KELLEY CHAPMAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARGARET DELORY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PATRICIA DESROCHER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| EILEEN DOHERTY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CATHERINE M DONOVAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LISA A ERBAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CATHERINE R FALLON | ||||||
| FINANCIAL SE | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JAMES A FITZGERALD | ||||||
| VICE PRESIDE | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CHRISTINA GAGNE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MARA GOULD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JAMES H GUARINO | ||||||
| FINANCIAL VP | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| FAITH G HODGKINS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN J LANDERS JR | ||||||
| TREASURER | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JOHN J MCCARTHY JR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL KILKELLY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| REBECCA LAMARRE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM J LEE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JEAN MAIO | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| FRANK A MCLEAN | ||||||
| AUDITOR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| FRANK A MCLEAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LINDA M MCMANAMA | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KIM PENNEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KRISTINA SAMPSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KATHLEEN SCANLON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LUCY SKELDON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BETH SULLIVAN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ROSE TRAMONTOZZI | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CATHY WENSLEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GAYLE M WETTACH | ||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | ||
| THOMAS J WHITE | ||||||
| PRESIDENT | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM BLAIR & COMPANY | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 HIGH STREET 19TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | INVESTMENT MGMT | ServicesDesc |
| Compensation | $153,862 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $8,793 | FundraisingAmt |
| All Other Contributions | $941,400 | AllOtherContributionsAmt |
| Noncash Contributions | $40,205 | NoncashContributionsAmt |
| Total Contributions | $950,193 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $680,582 | TotalRevenueColumnAmt |
| Exclusion | $680,582 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,040,254 | SecuritiesAmt |
| Other | $146,745 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,922,698 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,117,556 | SecuritiesAmt |
| Other | $146,745 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,264,301 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,264,301 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $14,856 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $8,793 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $14,856 | FundraisingDirectExpensesAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,895,076 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,264,301 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $680,582 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $820,200 | TotalAmt |
| Program Services | $820,200 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,095 | TotalAmt |
| Management And General | $126,095 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,589 | TotalAmt |
| Management And General | $9,589 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,200 | TotalAmt |
| Management And General | $15,200 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,862 | TotalAmt |
| Management And General | $153,862 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,811 | TotalAmt |
| Management And General | $2,811 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,366 | TotalAmt |
| Management And General | $10,366 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,623 | TotalAmt |
| Management And General | $8,623 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,073 | TotalAmt |
| Management And General | $1,073 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| BANK CHARGES | $1,032 | $1,032 |
| OTHER EXPENSES | $550 | $550 |
| TELEPHONE | $281 | $281 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,149,682 | TotalAmt |
| Program Services | $820,200 | ProgramServicesAmt |
| Management And General | $329,482 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $380,207 | BOYAmt |
| EOY | $417,516 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $641,752 | BOYAmt |
| EOY | $334,141 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,466 | BOYAmt |
| EOY | $131,284 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,723,961 | BOYAmt |
| EOY | $25,344,847 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,812,386 | BOYAmt |
| EOY | $26,227,788 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,600 | BOYAmt |
| EOY | $10,400 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,600 | BOYAmt |
| EOY | $10,400 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,058,921 | BOYAmt |
| EOY | $11,712,183 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,737,865 | BOYAmt |
| EOY | $14,505,205 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,796,786 | BOYAmt |
| EOY | $26,217,388 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,812,386 | BOYAmt |
| EOY | $26,227,788 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,745,394 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $675,208 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Community Trust | Yes (X) | CommunityTrustInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $576,922 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $387,863 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $364,493 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $644,055 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $950,193 | CurrentTaxYearAmt |
| Total | $2,923,526 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $576,922 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $387,863 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $364,493 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $644,055 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $950,193 | CurrentTaxYearAmt |
| Total | $2,923,526 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $2,923,526 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $489,256 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $499,090 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $487,125 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $612,279 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $680,582 | CurrentTaxYearAmt |
| Total | $2,768,332 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,691,858 | TotalSupportAmt |
| Public Support CY170 | 0.51360 | PublicSupportCY170Pct |
| Public Support PY170 | 0.47730 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,796,786 | BeginningYearBalanceAmt |
| Contributions | $767,340 | ContributionsAmt |
| Investment Earnings Or Losses | $2,466,229 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $812,967 | GrantsOrScholarshipsAmt |
| End Year Balance | $26,217,388 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $22,090,652 | BeginningYearBalanceAmt |
| Contributions | $658,659 | ContributionsAmt |
| Investment Earnings Or Losses | $2,004,833 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $957,358 | GrantsOrScholarshipsAmt |
| End Year Balance | $23,796,786 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,431,972 | BeginningYearBalanceAmt |
| Contributions | $377,651 | ContributionsAmt |
| Investment Earnings Or Losses | $2,257,427 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $976,398 | GrantsOrScholarshipsAmt |
| End Year Balance | $22,090,652 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,579,088 | BeginningYearBalanceAmt |
| Contributions | $402,581 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,604,277 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $945,420 | GrantsOrScholarshipsAmt |
| End Year Balance | $20,431,972 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,292,851 | BeginningYearBalanceAmt |
| Contributions | $587,520 | ContributionsAmt |
| Investment Earnings Or Losses | $2,580,465 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $881,748 | GrantsOrScholarshipsAmt |
| End Year Balance | $23,579,088 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.44670 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.55330 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Total Rev Etc Audited Fincl Stmt | $3,431,278 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $675,208 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $675,208 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,756,070 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $153,862 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$14,856 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $139,006 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,895,076 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,010,676 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $14,856 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $14,856 | ExpensesNotReportedAmt |
| Expenses Subtotal | $995,820 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $153,862 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $153,862 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,149,682 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 2, PART V, LINE 4 | THE FOUNDATION RAISES AND ADMINISTERS FUNDS FOR SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING FOR RESIDENTS FROM THE TOWN OF WAKEFIELD ATTENDING POST SECONDARY INSTITUTES FULL TIME. |
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | FUNDRAISING EXPENSES -14,856 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | FUNDRAISING EXPENSES 14,856 |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | FUNDRAISING ACT | Event1Nm |
| Gross Receipts Event1 | $23,649 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $8,793 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $14,856 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $14,856 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $23,649 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $8,793 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $14,856 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $14,856 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $14,856 | DirectExpenseSummaryEventsAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS AWARDED | GrantTypeTxt |
| Recipient | 273 | RecipientCnt |
| Cash Grant | $820,200 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | SCHOLARSHIPS ARE PAID DIRECTLY TO THE INSTITUTIONS OF HIGHER LEARNING, RATHER THAN TO THE STUDENTS TO WHOM THEY ARE AWARDED. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (5 entries)
| Relationship With OrgRelationshipWithOrgTxt | Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|---|
| CHARLES GAGNE | |||
| FAMILY | $4,600 | SCHOLARSHIP | EDUCATION |
| MARC GAGNE | |||
| FAMILY | $5,950 | SCHOLARSHIP | EDUCATION |
| BENJAMIN LAMARRE | |||
| FAMILY | $5,300 | SCHOLARSHIP | EDUCATION |
| GEORGIA LAMARRE | |||
| FAMILY | $5,300 | SCHOLARSHIP | EDUCATION |
| AVA TRAMONTOZZI | |||
| FAMILY | $2,650 | SCHOLARSHIP | EDUCATION |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|
| WAKEFIELD CO-OPERATIVE BANK | ||
| BOARD MEMBER | CASH ACCOUNT | false |
| THE SAVINGS BANK | ||
| BOARD MEMBER | CASH ACCOUNT | false |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART V | FormAndLineReferenceDesc |
| Explanation | SCHOLARSHIPS WERE AWARDED BY THE SCHOLARSHIP FOUNDATION OF WAKEFIELD IN 2025 TO THE CHILDREN OF SEVERAL BOARD MEMBERS. JOHN J. MCCARTHY JR., ANN HADLEY, AND KELLEY CHAPMAN SERVE ON THE BOARD OF DIRECTORS OF BOTH THE SCHOLARSHIP FOUNDATION OF WAKEFIELD AND BANKS WITH WHICH THE FOUNDATION DOES BUSINESS. | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $40,205 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | IT IS THE MISSION OF THE SCHOLARSHIP FOUNDATION OF WAKEFIELD (TSFW) TO RAISE AND ADMINISTER FUNDS FOR SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING FOR RESIDENTS OF THE TOWN OF WAKEFIELD ATTENDING POST SECONDARY INSTITUTES FULL TIME. |
| FORM 990, PAGE 6, PART VI, LINE 3 | MANAGEMENT OF IT SERVICES HAS BEEN DELEGATED TO BOSTON MANAGED IT. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS INITIALLY REVIEWED BY THE TSF FINANCE COMMITTEE MEMBERS. ONCE APPROVED BY THIS COMMITTEE, IT IS EMAILED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE NEXT FULL BOARD MEETING. A VOTE FOR APPROVAL IS TAKEN AT THE BOARD MEETING AND DOCUMENTED IN THE MEETING MINUTES. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED BY TSF STAFF THE NOVEMBER ANNUAL MEETING, AND ALL BOARD MEMBERS REVIEW AND SIGN. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE PRESIDENT AND MEMBERS OF THE EXECUTIVE COMMITTEE CONDUCT AN ANNUAL REVIEW WITH ITS EMPLOYEES AND, AFTER DISCUSSION WITH THE TREASURER, AN ANNUAL INCREASE IS DETERMINED BASED ON PRIOR YEAR PERFORMANCE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE AND ARE ALSO AVAILABLE ON THE AGO AND IRS WEBSITES. |
| FORM 990, PART XI, LINE 9 | FUNDRAISING EXPENSES 14,856 FUNDRAISING EXPENSES -14,856 |
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