Nonprofit · EIN 02-6012236
LAKES REGION SCHOLARSHIP FOUNDATION
Tax-exempt · LACONIA, NH 03247
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,247,332 | $1,076,724 | $1,170,608 | $18,888,966 | $0 | $18,888,966 |
| December 31, 2024 | 990 | $1,544,160 | $987,986 | $556,174 | $15,992,645 | $0 | $15,992,645 |
| December 31, 2023 | 990 | $1,851,754 | $824,059 | $1,027,695 | $14,599,861 | $0 | $14,599,861 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,477,232
- Program service revenue
- $0
- Investment income
- $761,388
- Net gain from sales of assets
- $506,199
- Net income from fundraising events
- $8,712
- Other revenue
- $8,712
Expenses
- Grants and similar amounts paid
- $897,023
- Compensation of officers, directors and key employees
- $80,840
- Other salaries and wages
- $32,073
- Salaries, compensation and benefits (total)
- $121,922
- Professional fundraising fees
- $0
- Depreciation
- $5,103
- Program services (functional)
- $897,023
- Management and general (functional)
- $179,701
Balance sheet and other
- Total assets, start of year
- $15,992,645
- Total assets, end of year
- $18,888,966
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,888,966
- Land, buildings and equipment
- $20,112
- Publicly traded securities
- $10,376,576
- Gross receipts
- $2,494,428
- Employees
- 5
- Volunteers
- 1
- Year formed
- 1956
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER GUILMETT | EXECUTIVE DIRECTOR Trustee or director | 20 | $40,445 |
| KAREN SWITZER | DIRECTOR Trustee or director | 15 | $40,395 |
| GAYLE PRICE | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| LAURA LARSON | TREASURER Trustee or director, Officer | 1 | $0 |
| JAMES CARROLL | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| JUDY BALL | TRUSTEE Trustee or director | 0.5 | $0 |
| PHILIP BONAFIDE | TRUSTEE Trustee or director | 0.5 | $0 |
| COLLEEN CASS | TRUSTEE Trustee or director | 0.5 | $0 |
| JIM CHASE | TRUSTEE Trustee or director | 0.5 | $0 |
| JEAN CLARKE | TRUSTEE Trustee or director | 0.5 | $0 |
| JAMES DIRUBBO | TRUSTEE Trustee or director | 0.5 | $0 |
| KATHY GILMAN | TRUSTEE Trustee or director | 0.5 | $0 |
| LOIS KESSIN | TRUSTEE Trustee or director | 0.5 | $0 |
| RICHARD MARIANO | TRUSTEE Trustee or director | 0.5 | $0 |
| DON MCLELLAND | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FREDDA OSMAN | TRUSTEE Trustee or director | 0.5 | $0 |
| SEMI SHIN-KENISON | TRUSTEE Trustee or director | 0.5 | $0 |
| MARJORY WILKINSON | TRUSTEE Trustee or director | 0.5 | $0 |
| PAULETTE LOUGHLIN | ADVISORY DIRECTOR Trustee or director | 5 | $0 |
| SCOTT DAVIS | TRUSTEE Trustee or director | 0.5 | $0 |
| CHRISTOPHER BANKS | TRUSTEE Trustee or director | 0.5 | $0 |
| CALISE HOULE | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN SWITZER | EXECUTIVE DIRECTOR Trustee or director | 20 | $54,923 |
| CHRISTOPHER GUILMETT | ASSISTANT DIRECTOR Trustee or director | 20 | $35,835 |
| JOAN FRATES | TRUSTEE Trustee or director | 0.5 | $0 |
| GAYLE PRICE | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| LAURA LARSON | TREASURER Trustee or director, Officer | 1 | $0 |
| JAMES CARROLL | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| JUDY BALL | TRUSTEE Trustee or director | 0.5 | $0 |
| REBECCA BEANE | TRUSTEE Trustee or director | 0.5 | $0 |
| PHILIP BONAFIDE | TRUSTEE Trustee or director | 0.5 | $0 |
| COLLEEN CASS | TRUSTEE Trustee or director | 0.5 | $0 |
| JIM CHASE | TRUSTEE Trustee or director | 0.5 | $0 |
| JEAN CLARKE | TRUSTEE Trustee or director | 0.5 | $0 |
| JAMES DIRUBBO | TRUSTEE Trustee or director | 0.5 | $0 |
| KATHY GILMAN | TRUSTEE Trustee or director | 0.5 | $0 |
| LOIS KESSIN | TRUSTEE Trustee or director | 0.5 | $0 |
| RICHARD MARIANO | TRUSTEE Trustee or director | 0.5 | $0 |
| DON MCLELLAND | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| FREDDA OSMAN | TRUSTEE Trustee or director | 0.5 | $0 |
| SEMI SHIN-KENISON | TRUSTEE Trustee or director | 0.5 | $0 |
| MARJORY WILKINSON | TRUSTEE Trustee or director | 0.5 | $0 |
| PAULETTE LOUGHLIN | ADVISORY DIRECTOR Trustee or director | 5 | $0 |
| SCOTT DAVIS | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN SWITZER | EXECUTIVE DIRECTOR Trustee or director | 20 | $51,789 |
| CHRISTOPHER GUILMETT | ASSISTANT DIRECTOR Trustee or director | 20 | $32,765 |
| JOAN FRATES | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| GAYLE PRICE | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| LAURA LARSON | TREASURER Trustee or director, Officer | 1 | $0 |
| JAMES CARROLL | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| JUDY BALL | TRUSTEE Trustee or director | 0.5 | $0 |
| REBECCA BEANE | TRUSTEE Trustee or director | 0.5 | $0 |
| PHILIP BONAFIDE | TRUSTEE Trustee or director | 0.5 | $0 |
| COLLEEN CASS | TRUSTEE Trustee or director | 0.5 | $0 |
| JIM CHASE | TRUSTEE Trustee or director | 0.5 | $0 |
| JEAN CLARKE | TRUSTEE Trustee or director | 0.5 | $0 |
| JAMES DIRUBBO | TRUSTEE Trustee or director | 0.5 | $0 |
| LORI FASSHAUER | TRUSTEE Trustee or director | 0.5 | $0 |
| KATHY GILMAN | TRUSTEE Trustee or director | 0.5 | $0 |
| LOIS KESSIN | TRUSTEE Trustee or director | 0.5 | $0 |
| RICHARD MARIANO | TRUSTEE Trustee or director | 0.5 | $0 |
| DON MCLELLAND | TRUSTEE Trustee or director | 0.5 | $0 |
| FREDDA OSMAN | TRUSTEE Trustee or director | 0.5 | $0 |
| SEMI SHIN-KENISON | TRUSTEE Trustee or director | 0.5 | $0 |
| MARJORY WILKINSON | TRUSTEE Trustee or director | 0.5 | $0 |
| PAULETTE LOUGHLIN | ADVISORY DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7132, LACONIA, NH 03247-7132
- In care of
- % DON MCLELLAND
- Principal officer (990 for 2025)
- DON MCLELLAND, 9 TUCKER SHORE ROAD, BELMONT, NH 03220
- Signed the 990
- DON MCLELLAND, PRESIDENT
- Phone
- (603) 527-3533
- Website
- WWW.LRSCHOLARSHIP.ORG
Mission
THE PROMOTION AND ENCOURAGEMENT OF SCHOLARSHIPS AND OPPORTUNITIES FOR HIGHER EDUCATION AMONG RESIDENTS OF THE LAKES REGION.
Program accomplishments
- SCHOLARSHIPS OF $899,275 WERE AWARDED AND $897,023 WERE DISBURSED IN 2025.Expenses $897,023 · grants $897,023
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-6012236
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $18,888,966
- Income (IRS master file)
- $2,494,428
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,247,332 | $1,076,724 | $18,888,966 | IRS |
| 990 | December 2024 | $1,544,160 | $987,986 | $15,992,645 | IRS |
| 990 | December 2023 | $1,851,754 | $824,059 | $14,599,861 | XML |
| 990 | December 2022 | $1,894,924 | $886,953 | $12,360,396 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-6012236).
Questions about LAKES REGION SCHOLARSHIP FOUNDATION
- What is the EIN of LAKES REGION SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of LAKES REGION SCHOLARSHIP FOUNDATION is 02-6012236.
- Is LAKES REGION SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to LAKES REGION SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKES REGION SCHOLARSHIP FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKES REGION SCHOLARSHIP FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKES REGION SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAKES REGION SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 names DON MCLELLAND.
- Who are the officers and directors of LAKES REGION SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 22 people; 2 received compensation from the organization, the highest $40,445 (CHRISTOPHER GUILMETT, EXECUTIVE DIRECTOR).
- How much revenue does LAKES REGION SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,247,332, expenses of $1,076,724 and total assets of $18,888,966 at year end.
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