EIN 04-2444195

The Scholarship Foundation of Wakefield

IRS 501(c) type
501(c)(3)
Num. employees
2
Year formed
1961
Most recent tax filings
2022-12-01
Description
The Scholarship Foundation of Wakefield raises and administers funds for scholarships to institutions of higher learning for residents of Wakefield attending post-secondary institutes full-time. The foundation has assisted 298 deserving young men and women from Wakefield in achieving a post-secondary education by providing scholarships totaling $776,650.
Total revenues
$1,333,603
2022
Total expenses
$1,020,896
2022
Total assets
$20,448,922
2022
Num. employees
2
2022

Program areas at The Scholarship Foundation of Wakefield

The fund assisted 298 deserving young men and women from The town of Wakefield in achieving a post secondary education by providing scholarships totaling 776,650.

Who funds The Scholarship Foundation of Wakefield

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Charles Montague Charitable TrustUnrestricted General$72,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$62,450
Meghan Burnett FoundationCharitable Contributionscholarship Award$1,200
...and 1 more grant received

Personnel at The Scholarship Foundation of Wakefield

NameTitleCompensation
James H GuarinoFinancial Vice President$0
John J LandersTreasurer$0
Catherine R FallonFinancial Secretary$0
Stacey ConstasClerk$0
Anne MillerExecutive Admini$76,950
...and 7 more key personnel

Financials for The Scholarship Foundation of Wakefield

RevenuesFYE 12/2022
Total grants, contributions, etc.$387,863
Program services$0
Investment income and dividends$499,090
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$446,650
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,333,603

Form 990s for The Scholarship Foundation of Wakefield

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-03990View PDF
2021-122022-08-15990View PDF
2020-122021-09-03990View PDF
2020-122021-07-27990View PDF
2019-122020-08-10990View PDF
...and 5 more Form 990s
Data update history
February 4, 2024
Received grants
Identified 1 new grant, including a grant for $72,000 from Charles Montague Charitable Trust
August 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 21, 2023
Updated personnel
Identified 3 new personnel
August 21, 2023
Received grants
Identified 1 new grant, including a grant for $1,200 from Meghan Burnett Foundation
August 8, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelEndowed supportProvides scholarshipsTax deductible donations
General information
Address
PO Box 321
Wakefield, MA 01880
Metro area
Boston-Cambridge-Newton, MA-NH
County
Middlesex County, MA
Website URL
tsfofwakefield.org/ 
Phone
(781) 245-4890
IRS details
EIN
04-2444195
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1961
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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