2024-09-10T14:22:58-04:00 2023-12-31 043147371 BRUCE D NORLING CPA PC 410 BOSTON POST RD STE 24 SUDBURY MA 01776 990 2023-01-01 042444195 THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC SCHO 7812454890 PO BOX 321 WAKEFIELD MA 01880 JOHN J LANDERS JR TREASURER 7812454890 2024-09-10 true false BRUCE D NORLING CPA PC P01012704 9784439114 2024-09-10 2023 2024-08-08 14:25:15Z JOHN J LANDERS JR 28 THORNDIKE STREET SOMERVILLE MA 02144 3820302 false X WWW.TSFOFWAKEFIELD.ORG X 1961 MA 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. 33 33 2 65 0 387863 364493 0 945740 834462 0 1333603 1198955 776650 793500 0 113439 130564 0 0 130807 127619 1020896 1051683 312707 147272 20448922 22106252 16950 15600 20431972 22090652 X 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. false false 793500 793500 THE FUND ASSISTED 289 DESERVING YOUNG MEN AND WOMEN FROM THE TOWN OF WAKEFIELD IN ACHIEVING A POST SECONDARY EDUCATION BY PROVIDING SCHOLARSHIPS TOTALING 793,500. 793500 true true false false false false false false false true false false false false false false true false false false false false false false true false false false true false false false false false false false false true false false false false false false false false false true 0 0 2 true false false false false false false false false X 33 33 false false false false false false false true true false false true true true true true true false true false MA X JOHN J LANDERS JR 7812454890 PO BOX 321 WAKEFIELD MA 01880 X RICHARD BONDI DIRECTOR 1.00 X 0 0 0 MICHAEL T BOUDREAU DIRECTOR 1.00 X 0 0 0 JO-ANNE BOURQUE DIRECTOR 1.00 X 0 0 0 KELLEY CHAPMAN DIRECTOR 1.00 X 0 0 0 STACEY CONSTAS CLERK 1.00 X X 0 0 0 KATHY DECOSTA DIRECTOR 1.00 X 0 0 0 MARGARET DELORY DIRECTOR 1.00 X 0 0 0 PATRICIA DESROCHER DIRECTOR 1.00 X 0 0 0 WALTER J DOLAN DIRECTOR 1.00 X 0 0 0 CATHERINE M DONOVAN DIRECTOR 1.00 X 0 0 0 LISA A ERBAN DIRECTOR 1.00 X 0 0 0 CATHERINE R FALLON FINANCIAL SE 2.00 X X 0 0 0 JAMES A FITZGERALD DIRECTOR 1.00 X 0 0 0 JAMES H GUARINO FINANCIAL VP 2.00 X X 0 0 0 ANN E HADLEY DIRECTOR 1.00 X 0 0 0 FAITH G HODGKINS DIRECTOR 1.00 X 0 0 0 JOHN J LANDERS JR TREASURER 5.00 X X 0 0 0 JOHN J MCCARTHY JR DIRECTOR 1.00 X 0 0 0 MICHAEL KILKELLY DIRECTOR 1.00 X 0 0 0 REBECCA LAMARRE DIRECTOR 1.00 X 0 0 0 WILLIAM J LEE DIRECTOR 1.00 X 0 0 0 JEAN MAIO DIRECTOR 1.00 X 0 0 0 BO MARTIN DIRECTOR 1.00 X 0 0 0 FRANK A MCLEAN AUDITOR 1.00 X X 0 0 0 LINDA M MCMANAMA DIRECTOR 1.00 X 0 0 0 STEVE NIXON DIRECTOR 1.00 X 0 0 0 JOHN O'LEARY DIRECTOR 1.00 X 0 0 0 KIM PENNEY DIRECTOR 1.00 X 0 0 0 MARY ANNE POWER DIRECTOR 2.00 X 0 0 0 KATHLEEN C SCANLON PRESIDENT 2.00 X X 0 0 0 LUCY SKELDON DIRECTOR 1.00 X 0 0 0 BETH SULLIVAN DIRECTOR 1.00 X 0 0 0 ROSE TRAMONTOZZI DIRECTOR 1.00 X 0 0 0 CATHY WENSLEY DIRECTOR 1.00 X 0 0 0 GAYLE M WETTACH DIRECTOR 1.00 X 0 0 0 THOMAS J WHITE VICE PRESIDE 1.00 X X 0 0 0 false false false 14921 349572 5235 364493 487125 487125 2955526 2608189 347337 347337 347337 13158 14921 13158 1198955 347337 487125 793500 793500 121257 121257 9307 9307 9900 9900 2246 2246 11387 11387 7904 7904 1080 1080 INVESTMENT EXPENSES 88443 88443 OTHER EXPENSES 5483 5483 BANK CHARGES 759 759 TELEPHONE 417 417 1051683 793500 258183 0 227876 431725 288457 119397 56672 55901 19875917 21499229 20448922 22106252 16950 15600 16950 15600 X 7242481 8664384 13189491 13426268 20431972 22090652 20448922 22106252 X 147272 1511408 X false true X true false X 414018 366976 576922 387863 364493 2110272 414018 366976 576922 387863 364493 2110272 2110272 527056 475459 489256 499090 487125 2477986 4588258 0.45990 0.47940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13189491 236777 13426268 12917561 271930 13189491 12508758 408803 12917561 12200316 308442 12508758 11894520 305796 12200316 0.99700 0.00300 false false 2635078 1511408 1511408 1123670 88443 -13158 75285 1198955 976398 13158 13158 963240 88443 88443 1051683 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 -13,158 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EXPENSES 13,158 FUNDRAISING ACT 28079 14921 13158 13158 28079 14921 13158 13158 13158 true SCHOLARSHIPS AWARDED 289 793500 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS ARE PAID DIRECTLY TO THE INSTITUTIONS OF HIGHER LEARNING, RATHER THAN TO THE STUDENTS TO WHOM THEY ARE AWARDED. WAKEFIELD CO-OPERATIVE BANK BOARD MEMBER CASH ACCOUNT false THE SAVINGS BANK BOARD MEMBER CASH ACCOUNT false THE SAVINGS BANK BOARD MEMBER CASH ACCOUNT false SCHEDULE L, PART V JOHN J. MCCARTHY JR., ANN E. HADLEY, AND KELLEY CHAPMAN ARE ON THE BOARD OF DIRECTORS OF BOTH TSFW AND A BANK WITH WHICH TSFW DOES BUSINESS. 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 11B FORM 990 IS REVIEWED AND APPROVED IN THE TREASURER'S MONTHLY BOARD MEETING, AND THE DOCUMENT IS INCLUDED IN THE MINUTES FORWARDED TO ALL BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED BY THE BOD AUDITOR BEFORE 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 HUMAN RESOURCES 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. FORM 990, PART XI, LINE 9 FUNDRAISING EXPENSES 13,158 FUNDRAISING EXPENSES -13,158