2024-05-13T15:43:45-04:00 2023-06-30 042917204 ANSTISS & CO PC 6 OMNI WAY STE 201 CHELMSFORD MA 018244187 990 2022-07-01 042392419 WELLESLEY SCHOLARSHIP FOUNDATION INC WELL 6176767901 PO BOX 81207 WELLESLEY MA 02481 NIKI BRINKMAN-OFENLACH TREASURER 7812375536 2024-05-13 true NIKI BRINKMAN-OFENLACH 999009999 false MARY M LINSKEY P01366371 9784522500 2024-05-13 2022 2023-04-26 12:10:37Z NIKI BRINKMAN-OFENLACH PO BOX 81207 WELLESLEY MA 02481 325777 false X WWW.WELLESLEYSCHOLARSHIPFOUNDATION.ORG X 1951 MA TO EMPOWER ALL WELLESLEY RESIDENTS AS WELL AS GRADUATES OF WELLESLEY HIGH SCHOOL TO REACH THEIR HIGHEST POTENTIAL BY PROVIDING FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION. 20 20 0 20 0 204622 325720 0 253418 57 0 458040 325777 367050 418000 0 0 0 8840 30735 33789 397785 451789 60255 -126012 6869832 7298183 396950 229000 6472882 7069183 TO PROVIDE NEED-BASED AND MERIT SCHOLARSHIPS TO RESIDENTS OF WELLESLEY AND NEED-BASED SCHOLARSHIPS TO NON-RESIDENTS WHO GRADUATED FROM WELLELSEY HIGH SCHOOL. false false 418000 418000 TO PROVIDE NEED-BASED AND MERIT SCHOLARSHIPS TO RESIDENTS OF WELLESLEY AND NEED-BASED SCHOLARSHIPS TO NON-RESIDENTS WHO GRADUATED FROM WELLELSEY HIGH SCHOOL. 418000 true true false false false false false false false true false true false false false true false false false false false false false false false false false false true false false false false false true false false false false false false false false false false false false true 4 0 false 0 false false false false false false false false false false false false false false X 20 20 true false false false true true true true true false false true true true true false true false false false MA X NIKI BRINKMAN-OFENLACH 6176767901 PO BOX 81207 WELLESLEY MA 02481 X ANN MARIE GROSS CO-PRESIDENT 1.00 X X 0 0 0 KATHY SKELLY CO-PRESIDENT 1.00 X X 0 0 0 NIKI BRINKMAN-OFENLACH TREASURER 1.00 X X 0 0 0 MASON SMITH SECRETARY 0.50 X X 0 0 0 STACY BRAATZ TRUSTEE 0.50 X 0 0 0 MARIA CONCETTA BURTON TRUSTEE 0.50 X 0 0 0 CHRIS CAVALLERANO TRUSTEE 0.50 X 0 0 0 JAMIE CHISUM TRUSTEE 0.50 X 0 0 0 LINDA CHOW TRUSTEE 0.50 X 0 0 0 LISA COLLINS TRUSTEE 0.50 X 0 0 0 BETH COOK TRUSTEE 0.50 X 0 0 0 DAN GROSS TRUSTEE 0.50 X 0 0 0 SABREENA KROPP TRUSTEE 0.50 X 0 0 0 DAVID LUSSIER TRUSTEE 0.50 X 0 0 0 LIZ ROGERS TRUSTEE 0.50 X 0 0 0 DREW SPANGLER TRUSTEE 0.50 X 0 0 0 NERINE WARASTA TRUSTEE 0.50 X 0 0 0 SHELLY WARD TRUSTEE 0.50 X 0 0 0 ADRIAN WONG TRUSTEE 0.50 X 0 0 0 KELLY WHITWORTH WHITE TRUSTEE 0.50 X 0 0 0 false false false 325720 325720 57 57 325777 57 418000 418000 12608 12608 6750 4785 1965 11260 4385 6875 596 596 1150 1150 SCOLARSHIP COMMITTEE EXP 1425 1425 451789 418000 24949 8840 156923 71681 673295 23236 20000 40000 1100 6019614 7162166 6869832 7298183 4450 1000 392500 228000 396950 229000 X 4476642 4688019 1996240 2381164 6472882 7069183 6869832 7298183 -126012 722313 X true X false true false X 212009 258179 236217 204622 325720 1236747 212009 258179 236217 204622 325720 1236747 56729 1180018 381708 1922 13974 253418 57 651079 1887826 0.62510 0.48280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3148440 34102 377822 27000 3533364 3248611 34269 -110800 24000 3148440 3094358 34109 503999 383855 3248611 3059777 29280 102093 96792 3094358 3042542 29604 39312 51681 3059777 0.33000 0.49000 0.18000 false false TIFF GLOBAL EQUITY FUND 4690549 F FIDELITY SHORT TERM BOND 1893743 F VANGUARD STAR FUND 402301 F FIDELITY MONEY MARKET 175573 F 7162166 X SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE COMMONWEALTH OF MASSACHUSETTS GENERALLY FOLLOWS FEDERAL LAW. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTION 170 (B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). ACCORDINGLY, NO PROVISION OR LIABILITY FOR FEDERAL OR MASSACHUSETTS INCOME TAXES IS INCLUDED IN THESE FINANCIAL STATEMENTS. THE FOUNDATION'S FEDERAL RETURNS FOR THE YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023 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, 2023. true SCHOLARSHIP 101 418000 SCHEDULE I, PAGE 1, PART I, LINE 2 THE SCHOLARSHIP COMMITTEE APPROVES THE STUDENT SCHOLARSHIPS AFTER RECEIVING THE STUDENTS' APPLICATIONS. SCHOLARSHIP CHECKS ARE MADE PAYABLE TO THE SCHOOLS THAT THE STUDENTS ATTEND. THE TREASURER VERIFIES THAT THE SCHOOLS CASH THE CHECK AND THE COMMITTEE VERIFIES THAT THE STUDENTS ARE ATTENDING THE SCHOOLS ARE ARE MEETING THE TERMS OF THEIR SCHOLARSHIPS. CHRIS CAVALLERANO TRUSTEE 9500 SCHOLARSHIPS PROVIDED TO SONS OF TRUSTEE. SCHOLARSHIPS FORM 990, PAGE 6, PART VI, LINE 2 ANN MARIE GROSS DAN GROSS CO-PRESIDENT TRUSTEE THE TWO TRUSTEES ARE MARRIED. FORM 990, PAGE 6, PART VI, LINE 6 THE FOUNDATION HAS MEMBERS WHO ARE ELECTED AT THE ANNUAL MEETING OF THE FOUNDATION. THE MEMBERS ELECT THE TRUSTEES. ALL TRUSTEES ARE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE FOUNDATION HAS MEMBERS WHO ARE ELECTED AT THE ANNUAL MEETING OF THE FOUNDATION. THE MEMBERS ELECT THE TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS HAVE THE POWER TO AMEND THE FOUNDATION'S BY-LAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER, THE AUDIT COMMITTEE, AND THE BOARD OF TRUSTEES REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, 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, AND TRUSTEE AND IS REVIEWED BY THE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC