Nonprofit · EIN 04-2444195
THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC
Tax-exempt · WAKEFIELD, MA 01880
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,895,076 | $1,149,682 | $1,745,394 | $26,227,788 | $10,400 | $26,217,388 |
| December 31, 2024 | 990 | $1,963,725 | $1,007,855 | $955,870 | $23,812,386 | $15,600 | $23,796,786 |
| December 31, 2023 | 990 | $1,198,955 | $1,051,683 | $147,272 | $22,106,252 | $15,600 | $22,090,652 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $950,193
- Program service revenue
- $0
- Investment income
- $1,944,883
- Net gain from sales of assets
- $1,264,301
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $820,200
- Other salaries and wages
- $126,095
- Salaries, compensation and benefits (total)
- $135,684
- Professional fundraising fees
- $0
- Accounting fees
- $15,200
- Occupancy
- $8,623
- Program services (functional)
- $820,200
- Management and general (functional)
- $329,482
Balance sheet and other
- Total assets, start of year
- $23,812,386
- Total assets, end of year
- $26,227,788
- Total liabilities, end of year
- $10,400
- Net assets, end of year
- $26,217,388
- Publicly traded securities
- $25,344,847
- Net assets without donor restrictions
- $11,712,183
- Net assets with donor restrictions
- $14,505,205
- Gross receipts
- $8,832,630
- Employees
- 2
- Volunteers
- 40
- Year formed
- 1960
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD BONDI | DIRECTOR Trustee or director | 1 | $0 |
| JO-ANNE BOURQUE | DIRECTOR Trustee or director | 1 | $0 |
| KELLEY CHAPMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARGARET DELORY | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA DESROCHER | DIRECTOR Trustee or director | 1 | $0 |
| EILEEN DOHERTY | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE M DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| LISA A ERBAN | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE R FALLON | FINANCIAL SE Trustee or director, Officer | 2 | $0 |
| JAMES A FITZGERALD | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| CHRISTINA GAGNE | DIRECTOR Trustee or director | 1 | $0 |
| MARA GOULD | DIRECTOR Trustee or director | 1 | $0 |
| JAMES H GUARINO | FINANCIAL VP Trustee or director, Officer | 2 | $0 |
| FAITH G HODGKINS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN J LANDERS JR | TREASURER Trustee or director, Officer | 3 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN J MCCARTHY JR | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL KILKELLY | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA LAMARRE | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM J LEE | DIRECTOR Trustee or director | 1 | $0 |
| JEAN MAIO | DIRECTOR Trustee or director | 1 | $0 |
| FRANK A MCLEAN | AUDITOR Trustee or director, Officer | 1 | $0 |
| FRANK A MCLEAN | DIRECTOR Trustee or director | 1 | $0 |
| LINDA M MCMANAMA | DIRECTOR Trustee or director | 1 | $0 |
| KIM PENNEY | DIRECTOR Trustee or director | 1 | $0 |
| KRISTINA SAMPSON | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN SCANLON | DIRECTOR Trustee or director | 1 | $0 |
| LUCY SKELDON | DIRECTOR Trustee or director | 1 | $0 |
| BETH SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| ROSE TRAMONTOZZI | DIRECTOR Trustee or director | 1 | $0 |
| CATHY WENSLEY | DIRECTOR Trustee or director | 1 | $0 |
| GAYLE M WETTACH | DIRECTOR Trustee or director | – | $0 |
| THOMAS J WHITE | PRESIDENT Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 33 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICIA BIRCHEM | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD BONDI | DIRECTOR Trustee or director | 1 | $0 |
| JO-ANNE BOURQUE | DIRECTOR Trustee or director | 1 | $0 |
| KELLEY CHAPMAN | DIRECTOR Trustee or director | 1 | $0 |
| STACEY CONSTAS | CLERK Trustee or director, Officer | 1 | $0 |
| MARGARET DELORY | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA DESROCHER | DIRECTOR Trustee or director | 1 | $0 |
| EILEEN DOHERTY | DIRECTOR Trustee or director | 1 | $0 |
| WALTER J DOLAN | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE M DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN DECOSTA | DIRECTOR Trustee or director | 1 | $0 |
| LISA A ERBAN | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE R FALLON | FINANCIAL SE Trustee or director, Officer | 2 | $0 |
| JAMES A FITZGERALD | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JAMES H GUARINO | FINANCIAL VP Trustee or director, Officer | 2 | $0 |
| FAITH G HODGKINS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN J LANDERS JR | TREASURER Trustee or director, Officer | 3 | $0 |
| JOHN J MCCARTHY JR | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL KILKELLY | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA LAMARRE | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM J LEE | DIRECTOR Trustee or director | 1 | $0 |
| JEAN MAIO | DIRECTOR Trustee or director | 1 | $0 |
| FRANK A MCLEAN | AUDITOR Trustee or director, Officer | 1 | $0 |
| LINDA M MCMANAMA | DIRECTOR Trustee or director | 1 | $0 |
| KIM PENNEY | DIRECTOR Trustee or director | 1 | $0 |
| KRISTINA SAMPSON | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN SCANLON | DIRECTOR Trustee or director | 1 | $0 |
| LUCY SKELDON | DIRECTOR Trustee or director | 1 | $0 |
| BETH SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| ROSE TRAMONTOZZI | DIRECTOR Trustee or director | 1 | $0 |
| CATHY WENSLEY | DIRECTOR Trustee or director | 1 | $0 |
| GAYLE M WETTACH | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS J WHITE | PRESIDENT Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD BONDI | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL T BOUDREAU | DIRECTOR Trustee or director | 1 | $0 |
| JO-ANNE BOURQUE | DIRECTOR Trustee or director | 1 | $0 |
| KELLEY CHAPMAN | DIRECTOR Trustee or director | 1 | $0 |
| STACEY CONSTAS | CLERK Trustee or director, Officer | 1 | $0 |
| KATHY DECOSTA | DIRECTOR Trustee or director | 1 | $0 |
| MARGARET DELORY | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA DESROCHER | DIRECTOR Trustee or director | 1 | $0 |
| WALTER J DOLAN | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE M DONOVAN | DIRECTOR Trustee or director | 1 | $0 |
| LISA A ERBAN | DIRECTOR Trustee or director | 1 | $0 |
| CATHERINE R FALLON | FINANCIAL SE Trustee or director, Officer | 2 | $0 |
| JAMES A FITZGERALD | DIRECTOR Trustee or director | 1 | $0 |
| JAMES H GUARINO | FINANCIAL VP Trustee or director, Officer | 2 | $0 |
| ANN E HADLEY | DIRECTOR Trustee or director | 1 | $0 |
| FAITH G HODGKINS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN J LANDERS JR | TREASURER Trustee or director, Officer | 5 | $0 |
| JOHN J MCCARTHY JR | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL KILKELLY | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA LAMARRE | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM J LEE | DIRECTOR Trustee or director | 1 | $0 |
| JEAN MAIO | DIRECTOR Trustee or director | 1 | $0 |
| BO MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| FRANK A MCLEAN | AUDITOR Trustee or director, Officer | 1 | $0 |
| LINDA M MCMANAMA | DIRECTOR Trustee or director | 1 | $0 |
| STEVE NIXON | DIRECTOR Trustee or director | 1 | $0 |
| JOHN O'LEARY | DIRECTOR Trustee or director | 1 | $0 |
| KIM PENNEY | DIRECTOR Trustee or director | 1 | $0 |
| MARY ANNE POWER | DIRECTOR Trustee or director | 2 | $0 |
| KATHLEEN C SCANLON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LUCY SKELDON | DIRECTOR Trustee or director | 1 | $0 |
| BETH SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| ROSE TRAMONTOZZI | DIRECTOR Trustee or director | 1 | $0 |
| CATHY WENSLEY | DIRECTOR Trustee or director | 1 | $0 |
| GAYLE M WETTACH | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS J WHITE | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 321, WAKEFIELD, MA 01880-0721
- Principal officer (990 for 2025)
- JOHN J LANDERS JR, 28 THORNDIKE STREET, SOMERVILLE, MA 02144
- Signed the 990
- JOHN J LANDERS JR, TREASURER
- Phone
- (781) 245-4890
- Website
- WWW.TSFOFWAKEFIELD.ORG
- Return prepared by
- BRUCE D NORLING CPA PC
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.
Program accomplishments
- THE FUND ASSISTED 273 STUDENTS FROM THE TOWN OF WAKEFIELD IN ACHIEVING A POST SECONDARY EDUCATION BY PROVIDING SCHOLARSHIPS TOTALING 820,200.Expenses $820,200 · grants $820,200
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
- 04-2444195
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $26,227,788
- Income (IRS master file)
- $8,832,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,895,076 | $1,149,682 | $26,227,788 | XML |
| 990 | December 2024 | $1,963,725 | $1,007,855 | $23,812,386 | XML |
| 990 | December 2023 | $1,198,955 | $1,051,683 | $22,106,252 | XML |
| 990 | December 2022 | $1,333,603 | $1,020,896 | $20,448,922 | 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 04-2444195).
Questions about THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC
- What is the EIN of THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC?
- The employer identification number (EIN) of THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC is 04-2444195.
- Is THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SCHOLARSHIP FOUNDATION OF WAKEFIELD 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 THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC 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 THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC 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 THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC?
- The 990 for the year ended December 31, 2025 names JOHN J LANDERS JR.
- Who are the officers and directors of THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC?
- The 990 for the year ended December 31, 2025 lists 32 people; 0 received compensation from the organization.
- How much revenue does THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,895,076, expenses of $1,149,682 and total assets of $26,227,788 at year end.
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- WAKEFIELD MUSIC BOOSTERS ASSOCIATION INC EIN 04-3322106 · last filed 990-EZ for 2025
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