Nonprofit · EIN 04-2392419
WELLESLEY SCHOLARSHIP FOUNDATION INC
Tax-exempt · WELLESLEY, MA 02481
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $338,694 | $437,073 | -$98,379 | $9,176,027 | $416,290 | $8,759,737 |
| June 30, 2024 | 990 | $222,550 | $400,906 | -$178,356 | $8,321,308 | $400,822 | $7,920,486 |
| June 30, 2023 | 990 (amended) | $377,464 | $452,015 | -$74,551 | $7,298,183 | $229,000 | $7,069,183 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $219,249
- Program service revenue
- $0
- Investment income
- $119,445
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $408,525
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $9,650
- Program services (functional)
- $408,525
- Management and general (functional)
- $24,446
- Fundraising (functional)
- $4,102
Balance sheet and other
- Total assets, start of year
- $8,321,308
- Total assets, end of year
- $9,176,027
- Total liabilities, end of year
- $416,290
- Net assets, end of year
- $8,759,737
- Net assets without donor restrictions
- $6,516,152
- Net assets with donor restrictions
- $2,243,585
- Gross receipts
- $338,694
- Employees
- 0
- Volunteers
- 26
- Year formed
- 1951
- State of legal domicile
- MA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA COLLINS | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| NIKI BRINKMAN-OFENLOCH | TREASURER Trustee or director, Officer | 1.5 | $0 |
| MASON SMITH | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| STACY BRAATZ | TRUSTEE Trustee or director | 0.5 | $0 |
| MARIA CONCETTA BURTON | TRUSTEE Trustee or director | 0.75 | $0 |
| CHRIS CAVALLERANO | TRUSTEE Trustee or director | 0.5 | $0 |
| JAMIE CHISUM | TRUSTEE Trustee or director | 0.5 | $0 |
| BETH COOK | SCHOLARSHIP CHAIR Trustee or director | 1.5 | $0 |
| DAVID LUSSIER | TRUSTEE Trustee or director | 0.5 | $0 |
| DREW SPANGLER | INVESTMENT CHAIR Trustee or director | 0.5 | $0 |
| SHELLY WARD | TRUSTEE Trustee or director | 0.5 | $0 |
| ADRIAN WONG | TRUSTEE Trustee or director | 0.5 | $0 |
| MYRA TUCKER | TRUSTEE Trustee or director | 0.5 | $0 |
| JENNIFER MOCK | TRUSTEE Trustee or director | 0.5 | $0 |
| JEN PATRIACCA | TRUSTEE Trustee or director | 0.5 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGAN FOLEY | TRUSTEE Trustee or director | 0.5 | $0 |
| SUE MANGIACOTTI | TRUSTEE Trustee or director | 0.5 | $0 |
| JACKIE HENDRIX | TRUSTEE Trustee or director | 0.75 | $0 |
| MATE CONVERSE | TRUSTEE Trustee or director | 0.75 | $0 |
| EUNICE GROARK | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA COLLINS | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| NIKI BRINKMAN-OFENLACH | TREASURER Trustee or director, Officer | 1.5 | $0 |
| MASON SMITH | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| STACY BRAATZ | TRUSTEE Trustee or director | 0.5 | $0 |
| MARIA CONCETTA BURTON | TRUSTEE Trustee or director | 0.75 | $0 |
| CHRIS CAVALLERANO | TRUSTEE Trustee or director | 0.5 | $0 |
| JAMIE CHISUM | TRUSTEE Trustee or director | 0.5 | $0 |
| BETH COOK | TRUSTEE Trustee or director | 1.5 | $0 |
| DAN GROSS | TRUSTEE Trustee or director | 0.5 | $0 |
| SABREENA KROPP | TRUSTEE Trustee or director | 0.5 | $0 |
| DAVID LUSSIER | TRUSTEE Trustee or director | 0.5 | $0 |
| DREW SPANGLER | TRUSTEE Trustee or director | 0.5 | $0 |
| NERINE WARASTA | TRUSTEE Trustee or director | 0.5 | $0 |
| SHELLY WARD | TRUSTEE Trustee or director | 0.5 | $0 |
| ADRIAN WONG | TRUSTEE Trustee or director | 0.5 | $0 |
| KELTY WHITE | TRUSTEE Trustee or director | 0.5 | $0 |
| MYRA TUCKER | TRUSTEE Trustee or director | 0.5 | $0 |
| JEN MOCK | TRUSTEE Trustee or director | 0.5 | $0 |
| JEN PATRIACCA | TRUSTEE Trustee or director | 0.5 | $0 |
| MEGAN FOLEY | TRUSTEE Trustee or director | 0.5 | $0 |
| SUE MANGIACOTTI | TRUSTEE Trustee or director | 0.5 | $0 |
| JACKIE HENDRIX | TRUSTEE Trustee or director | 0.75 | $0 |
| MATE CONVERSE | TRUSTEE Trustee or director | 0.75 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN MARIE GROSS | CO-PRESIDENT Trustee or director, Officer | 1 | $0 |
| KATHY SKELLY | CO-PRESIDENT Trustee or director, Officer | 1 | $0 |
| NIKI BRINKMAN-OFENLACH | TREASURER Trustee or director, Officer | 1 | $0 |
| MASON SMITH | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| STACY BRAATZ | TRUSTEE Trustee or director | 0.5 | $0 |
| MARIA CONCETTA BURTON | TRUSTEE Trustee or director | 0.5 | $0 |
| CHRIS CAVALLERANO | TRUSTEE Trustee or director | 0.5 | $0 |
| JAMIE CHISUM | TRUSTEE Trustee or director | 0.5 | $0 |
| LINDA CHOW | TRUSTEE Trustee or director | 0.5 | $0 |
| LISA COLLINS | TRUSTEE Trustee or director | 0.5 | $0 |
| BETH COOK | TRUSTEE Trustee or director | 0.5 | $0 |
| DAN GROSS | TRUSTEE Trustee or director | 0.5 | $0 |
| SABREENA KROPP | TRUSTEE Trustee or director | 0.5 | $0 |
| DAVID LUSSIER | TRUSTEE Trustee or director | 0.5 | $0 |
| LIZ ROGERS | TRUSTEE Trustee or director | 0.5 | $0 |
| DREW SPANGLER | TRUSTEE Trustee or director | 0.5 | $0 |
| NERINE WARASTA | TRUSTEE Trustee or director | 0.5 | $0 |
| SHELLY WARD | TRUSTEE Trustee or director | 0.5 | $0 |
| ADRIAN WONG | TRUSTEE Trustee or director | 0.5 | $0 |
| KELLY WHITWORTH WHITE | TRUSTEE Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 81207, WELLESLEY, MA 02481-0002
- Principal officer (990 for 2024)
- NIKI BRINKMAN-OFENLACH, PO BOX 81207, WELLESLEY, MA 02481
- Signed the 990
- NIKI BRINKMAN-OFENLACH, TREASURER
- Phone
- (781) 237-5536
- Return prepared by
- GRASSI & CO CPA'S PC
Mission
TO PROVIDE NEED-BASED AND MERIT SCHOLARSHIPS TO RESIDENTS OF WELLESLEY AND NEED-BASED SCHOLARSHIPS TO NON-RESIDENTS WHO GRADUATED FROM WELLELSEY HIGH SCHOOL.
Program accomplishments
- TO PROVIDE NEED-BASED AND MERIT SCHOLARSHIPS TO RESIDENTS OF WELLESLEY AND NEED-BASED SCHOLARSHIPS TO NON-RESIDENTS WHO GRADUATED FROM WELLELSEY HIGH SCHOOL.Expenses $408,525 · grants $408,525
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2392419
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1953
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,176,027
- Income (IRS master file)
- $338,694
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $338,694 | $437,073 | $9,176,027 | IRS |
| 990 | June 2024 | $222,550 | $400,906 | $8,321,308 | IRS |
| 990 | June 2023 | $325,777 | $451,789 | $7,298,183 | XML |
| 990 | June 2022 | $458,040 | $397,785 | $6,869,832 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 04-2392419).
Questions about WELLESLEY SCHOLARSHIP FOUNDATION INC
- What is the EIN of WELLESLEY SCHOLARSHIP FOUNDATION INC?
- The employer identification number (EIN) of WELLESLEY SCHOLARSHIP FOUNDATION INC is 04-2392419.
- Is WELLESLEY SCHOLARSHIP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
- Are donations to WELLESLEY SCHOLARSHIP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WELLESLEY SCHOLARSHIP FOUNDATION INC 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 WELLESLEY SCHOLARSHIP FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELLESLEY SCHOLARSHIP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WELLESLEY SCHOLARSHIP FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names NIKI BRINKMAN-OFENLACH.
- Who are the officers and directors of WELLESLEY SCHOLARSHIP FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does WELLESLEY SCHOLARSHIP FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $338,694, expenses of $437,073 and total assets of $9,176,027 at year end.
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