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The Scholarship Foundation Of Wakefield Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$1.33M (2022)

Expenses
$1.02M (2022)

Total Assets
$20.4M (2022)

Total Liabilities
$17k (2022)

Source: Form 990 tax filings from 2014 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,333,603
Expenses
$1,020,896
Net Income
$312,707
Net Assets
$20,431,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $387,863
29.1%
Program Services $0
Investment Income $499,090
37.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $446,650
33.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $76,950
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $28,375
2.8%
Assets/Debt
Total Assets $20,448,922
Total Liabilities $16,950
Net Assets $20,431,972
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Anne Miller (Exec. Admini) $76,950 $0 $0
Michael T Boudreau (Director) $0 $0 $0
Jo Anne Bourque (Director) $0 $0 $0
Kelley Chapman (Director) $0 $0 $0
Stacey Constas (Clerk) $0 $0 $0
Margaret Delory (Director) $0 $0 $0
Patricia Desrocher (Director) $0 $0 $0
Walter J Dolan (Director) $0 $0 $0
Catherine M Donovan (Director) $0 $0 $0
Patricia J Doren (Director) $0 $0 $0
Robert B Eldridge (Director) $0 $0 $0
Lisa A Erban (Director) $0 $0 $0
Catherine R Fallon (Financial Se) $0 $0 $0
James A Fitzgerald (Director) $0 $0 $0
James H Guarino (Financial Vp) $0 $0 $0
Ann E Hadley (Director) $0 $0 $0
Faith G Hodgkins (Director) $0 $0 $0
John J Landers Jr (Treasurer) $0 $0 $0
John J Mccarthy Jr (Director) $0 $0 $0
John L O'leary Jr (Director) $0 $0 $0
Michael Kilkelly (Director) $0 $0 $0
William J Lee (Director) $0 $0 $0
Jean Maio (Director) $0 $0 $0
Bo Martin (Director) $0 $0 $0
Frank A Mclean (Auditor) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,843,258
Expenses
$967,426
Net Income
$875,832
Net Assets
$23,579,088
Notable Sources of Revenue Percent of Total Revenue
Contributions $576,922
31.3%
Program Services $0
Investment Income $489,256
26.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $777,080
42.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $101,828
10.5%
Assets/Debt
Total Assets $23,594,688
Total Liabilities $15,600
Net Assets $23,579,088
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael T Boudreau (Director) $0 $0 $0
Kelley Chapman (Director) $0 $0 $0
Stacey Constas (Clerk) $0 $0 $0
Steven M Coyne (Director) $0 $0 $0
Margaret Delory (Director) $0 $0 $0
Patricia Desrocher (Director) $0 $0 $0
Walter J Dolan (Director) $0 $0 $0
Catherine M Donovan (Director) $0 $0 $0
Patricia J Doren (Director) $0 $0 $0
Robert B Eldridge (Director) $0 $0 $0
Lisa A Erban (Director) $0 $0 $0
Catherine R Fallon (Financial Se) $0 $0 $0
James A Fitzgerald (Director) $0 $0 $0
James H Guarino (Financial Vp) $0 $0 $0
Ann E Hadley (Director) $0 $0 $0
Jean E Hall (Director) $0 $0 $0
Faith G Hodgkins (Director) $0 $0 $0
Mary P Jennings (Director) $0 $0 $0
John J Landers Jr (Treasurer) $0 $0 $0
John J Mccarthy Jr (Director) $0 $0 $0
John L O'leary Jr (Director) $0 $0 $0
Michael Kilkelly (President) $0 $0 $0
William J Lee (Director) $0 $0 $0
Anthony J Longo (Director) $0 $0 $0
Douglas Lyons (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,060,735
Expenses
$901,327
Net Income
$159,408
Net Assets
$21,329,409
Notable Sources of Revenue Percent of Total Revenue
Contributions $354,101
33.4%
Program Services $0
Investment Income $475,459
44.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $12,875
1.2%
Sales of Assets $218,300
20.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $82,420
9.1%
Assets/Debt
Total Assets $21,345,609
Total Liabilities $16,200
Net Assets $21,329,409
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael T Boudreau (Director) $0 $0 $0
Stacy Constas (Director) $0 $0 $0
Steven M Coyne (Director) $0 $0 $0
Patricia Desrocher (Director) $0 $0 $0
Walter J Dolan (Director) $0 $0 $0
Catherine M Donovan (Director) $0 $0 $0
Patricia J Doren (Director) $0 $0 $0
Robert B Eldridge (Director) $0 $0 $0
Lisa A Erban (Director) $0 $0 $0
Catherine R Fallon (Director) $0 $0 $0
James A Fitzgerald (Director) $0 $0 $0
James H Guarino (Financial Vp) $0 $0 $0
Ann E Hadley (Director) $0 $0 $0
Jean E Hall (Director) $0 $0 $0
Faith G Hodgkins (Director) $0 $0 $0
Mary P Jennings (Director) $0 $0 $0
John J Landers Jr (Treasurer) $0 $0 $0
John J Mccarthy Jr (Director) $0 $0 $0
John L O'leary Jr (Director) $0 $0 $0
Michael Kilkelly (President) $0 $0 $0
William J Lee (Director) $0 $0 $0
Anthony J Longo (Director) $0 $0 $0
Douglas Lyons (Director) $0 $0 $0
Bo Martin (Director) $0 $0 $0
Thomas C Merchant (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,731,281
Expenses
$897,547
Net Income
$833,734
Net Assets
$20,257,545
Notable Sources of Revenue Percent of Total Revenue
Contributions $414,018
23.9%
Program Services $0
Investment Income $527,056
30.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $790,207
45.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $79,300
8.8%
Assets/Debt
Total Assets $20,269,094
Total Liabilities $11,549
Net Assets $20,257,545
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael T Boudreau (Director) $0 $0 $0
Steven M Coyne (Director) $0 $0 $0
Walter J Dolan (Director) $0 $0 $0
Catherine M Donovan (Director) $0 $0 $0
Patricia J Doren (Director) $0 $0 $0
Robert B Eldridge (Director) $0 $0 $0
Lisa A Erban (Director) $0 $0 $0
Catherine R Fallon (Director) $0 $0 $0
James A Fitzgerald (Director) $0 $0 $0
James H Guarino (Financial Vp) $0 $0 $0
Ann E Hadley (Director) $0 $0 $0
Jean A Hall (Director) $0 $0 $0
Faith G Hodgkins (Director) $0 $0 $0
Mary P Jennings (Director) $0 $0 $0
John J Landers Jr (Treasurer) $0 $0 $0
John J Mccarthy Jr (Director) $0 $0 $0
John L O'leary Jr (Director) $0 $0 $0
Michael Kilkelly (Vice Preside) $0 $0 $0
William J Lee (Director) $0 $0 $0
Anthony J Longo (Director) $0 $0 $0
Douglas Lyons (Director) $0 $0 $0
Bo Martin (Director) $0 $0 $0
Thomas C Merchant (Director) $0 $0 $0
Anne Miller (Director) $0 $0 $0
Denise R Murray (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,708,798
Expenses
$830,654
Net Income
$878,144
Net Assets
$17,143,059
Notable Sources of Revenue Percent of Total Revenue
Contributions $519,579
30.4%
Program Services $0
Investment Income $469,143
27.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $720,076
42.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $76,050
9.2%
Assets/Debt
Total Assets $17,158,659
Total Liabilities $15,600
Net Assets $17,143,059
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James F Pinette (President) $0 $0 $0
Michael Kilkelly (Vice Preside) $0 $0 $0
John J Landers Jr (Treasurer) $0 $0 $0
James H Guarino (Financial Vp) $0 $0 $0
Jean E Hall (Financial Se) $0 $0 $0
Geraldine Rowe (Clerk) $0 $0 $0
Frank A Mclean (Auditor) $0 $0 $0
Michael T Boudreau (Director) $0 $0 $0
Steven M Coyne (Director) $0 $0 $0
Walter J Dolan (Director) $0 $0 $0
Catherine M Donovan (Director) $0 $0 $0
Patricia J Doren (Director) $0 $0 $0
Robert B Eldridge (Director) $0 $0 $0
Lisa A Erban (Director) $0 $0 $0
Catherine R Fallon (Director) $0 $0 $0
James A Fitzgerald (Director) $0 $0 $0
Alyssa J Guarino (Director) $0 $0 $0
Ann E Hadley (Director) $0 $0 $0
Faith G Hodgkins (Director) $0 $0 $0
William J Lee (Director) $0 $0 $0
Diane Lind (Director) $0 $0 $0
Anthony J Longo (Director) $0 $0 $0
Douglas Lyons (Director) $0 $0 $0
Bo Martin (Director) $0 $0 $0
John J Mccarthy Jr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,747,781
Expenses
$745,214
Net Income
$1,002,567
Net Assets
$17,865,056
Notable Sources of Revenue Percent of Total Revenue
Contributions $941,669
53.9%
Program Services $0
Investment Income $417,078
23.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $389,034
22.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $73,112
9.8%
Assets/Debt
Total Assets $17,883,287
Total Liabilities $18,231
Net Assets $17,865,056
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Catherine M Donovan (President) $0 $0 $0
James F Pinette (Vice Preside) $0 $0 $0
John J Landers Jr (Treasurer) $0 $0 $0
James H Guarino (Financial Vp) $0 $0 $0
Jean E Hall (Financial Se) $0 $0 $0
Geraldine Rowe (Clerk) $0 $0 $0
Frank Mclean (Auditor) $0 $0 $0
Martin Ammer (Director) $0 $0 $0
Noel E Bailey (Director) $0 $0 $0
Anne M Boodry (Director) $0 $0 $0
Michael T Boudreau (Director) $0 $0 $0
Steven M Coyne (Director) $0 $0 $0
Walter J Dolan (Director) $0 $0 $0
Patricia Doren (Director) $0 $0 $0
Robert B Eldridge (Director) $0 $0 $0
James A Fitzgerald (Director) $0 $0 $0
Alyssa J Guarino (Director) $0 $0 $0
Ann E Hadley (Director) $0 $0 $0
Faith G Hodgkins (Director) $0 $0 $0
Michael Kilkelly (Director) $0 $0 $0
William J Lee (Director) $0 $0 $0
Diane Lind (Director) $0 $0 $0
Bo Martin (Director) $0 $0 $0
Francis Masiello (Director) $0 $0 $0
John J Mccarthy Jr (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,177,658
Expenses
$671,323
Net Income
$1,506,335
Net Assets
$15,523,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,380,719
63.4%
Program Services $0
Investment Income $348,672
16.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $448,267
20.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $70,304
10.5%
Assets/Debt
Total Assets $15,538,867
Total Liabilities $15,601
Net Assets $15,523,266
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Catherine M Donovan (President) $0 $0 $0
James F Pinette (Vice Preside) $0 $0 $0
John J Landers Jr (Treasurer) $0 $0 $0
James H Guarino (Financial Vp) $0 $0 $0
Jean E Hall (Financial Se) $0 $0 $0
Geraldine Rowe (Clerk) $0 $0 $0
Frank Mclean (Auditor) $0 $0 $0
Martin Ammer (Director) $0 $0 $0
Noel E Bailey (Director) $0 $0 $0
William Chetwynd (Director) $0 $0 $0
Steven M Coyne (Director) $0 $0 $0
Robert P Curran (Director) $0 $0 $0
Walter J Dolan (Director) $0 $0 $0
Patricia Doren (Director) $0 $0 $0
Robert B Eldridge (Director) $0 $0 $0
James A Fitzgerald (Director) $0 $0 $0
Alyssa J Guarino (Director) $0 $0 $0
Ann E Hadley (Director) $0 $0 $0
Faith G Hodgkins (Director) $0 $0 $0
James Joly (Director) $0 $0 $0
Michael Kilkelly (Director) $0 $0 $0
William J Lee (Director) $0 $0 $0
Diane Lind (Director) $0 $0 $0
Taylor Maksun (Director) $0 $0 $0
Bo Martin (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,726,895
Expenses
$654,658
Net Income
$2,072,237
Net Assets
$13,875,222
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,395,135
51.2%
Program Services $0
Investment Income $399,009
14.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $932,751
34.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $67,600
10.3%
Assets/Debt
Total Assets $13,895,547
Total Liabilities $20,325
Net Assets $13,875,222
Compensation
Key Employees and Officers Compensation Related Other
Jennifer T Walter (President) $0 $0 $0
Catherine M Donovan (Vice Preside) $0 $0 $0
John J Landers Jr (Treasurer) $0 $0 $0
James H Guarino (Financial Vp) $0 $0 $0
Jean E Hall (Financial Se) $0 $0 $0
Geraldine Rowe (Clerk) $0 $0 $0
James F Pinette (Auditor) $0 $0 $0
Martin Ammer (Director) $0 $0 $0
Noel E Bailey (Director) $0 $0 $0
William Chetwynd (Director) $0 $0 $0
Steven M Coyne (Director) $0 $0 $0
Robert P Curran (Director) $0 $0 $0
Walter J Dolan (Director) $0 $0 $0
Joanne M Driscoll (Director) $0 $0 $0
Robert B Eldridge (Director) $0 $0 $0
James A Fitzgerald (Director) $0 $0 $0
Alyssa J Guarino (Director) $0 $0 $0
Ann E Hadley (Director) $0 $0 $0
Faith G Hodgkins (Director) $0 $0 $0
Michael Kilkelly (Director) $0 $0 $0
Kacper K Kruszewski (Director) $0 $0 $0
William J Lee (Director) $0 $0 $0
Diane Lind (Director) $0 $0 $0
Taylor Maksun (Director) $0 $0 $0
Bo Martin (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$949,909
Expenses
$653,064
Net Income
$296,845
Net Assets
$12,707,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $342,582
36.1%
Program Services $0
Investment Income $333,958
35.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $273,369
28.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $65,716
10.1%
Assets/Debt
Total Assets $12,724,278
Total Liabilities $16,400
Net Assets $12,707,878
Compensation
Key Employees and Officers Compensation Related Other
Jennifer T Walter (President) $0 $0 $0
Catherine M Donovan (Vice Preside) $0 $0 $0
John J Landers Jr (Treasurer) $0 $0 $0
Diane Lind (Clerk) $0 $0 $0
Steven M Coyne (Director) $0 $0 $0
Christina M Mogni (Financial Se) $0 $0 $0
James F Pinette (Auditor) $0 $0 $0
James H Guarino (Financial Vp) $0 $0 $0
Martin Ammer (Director) $0 $0 $0
Noel E Bailey (Director) $0 $0 $0
Robert P Curran (Director) $0 $0 $0
Deborah Lingiewicz (Director) $0 $0 $0
Frank Mclean (Director) $0 $0 $0
Thomas C Merchant (Director) $0 $0 $0
Robert B Eldridge (Director) $0 $0 $0
John R Foley Jr (Director) $0 $0 $0
Faith G Hodgkins (Director) $0 $0 $0
Michael Kilkelly (Director) $0 $0 $0
Patricia B Mooney (Director) $0 $0 $0
Steve Nixon (Director) $0 $0 $0
John L O'leary Jr (Director) $0 $0 $0
Geraldine Rowe (Director) $0 $0 $0
Patrick Skulley (Director) $0 $0 $0
Martha Vatalaro (Director) $0 $0 $0
Anthony Vinciguerra (Director) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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