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Nonprofit · EIN 04-2705767

TBB SCHOLARSHIPS INC

Tax-exempt · WELLESLEY, MA 02481

Financials

$155K$161K2023$177K$168K2024
Revenue Expenses · by fiscal year end
Financials of TBB SCHOLARSHIPS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$176,973$167,976$8,997$1,641,147$0$1,641,147
December 31, 2023990-PF$154,624$161,254-$6,630$1,632,150$0$1,632,150
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,750
Dividends
$48,270
Interest
$2,049
Net gain from sales of assets
$120,904

Expenses

Grants and similar amounts paid
$126,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$128,272
Excise tax on investment income
$1,946

Balance sheet and other

Total assets, start of year
$1,632,150
Total assets, end of year
$1,641,147
Total liabilities, end of year
$0
Net assets, end of year
$1,641,147
Fair market value of assets
$2,107,387
Qualifying distributions
$128,272
Net investment income
$171,223

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BARBARA SHELLITO
12 ORCHARD ST, WELLESLEY, MA 02481
PRESIDENT, DIRECTOR0.5$0
CHIZU SHIONO
25 BRENTWOOD DRIVE, HOLDEN, MA 01520
TREASURER, DIRECTOR2$0
ADELE BEGGS
35 SUFFOLK ROAD, WELLESLEY, MA 02481
CLERK, DIRECTOR0.5$0
990-PF for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
PHYLLIS GIBSON
865 CENTRAL AVE A-303, WELLESLEY, MA 02492
PRESIDENT0.5$0
LESLIE HOLMES
377 WESTON ROAD, WELLESLEY, MA 02481
RECORDING SECRETARY0.5$0
ADELE BEGGS
35 SUFFOLK ROAD, WELLESLEY, MA 02481
CORRESPONDING SECRETARY0.5$0
ADELE BEGGS
35 SUFFOLK ROAD, WELLESLEY, MA 02481
TREASURER, TBB SCHOLARSHIPS INC0.5$0
LINDA GALLO
865 CENTRAL AVE G-201, NEEDHAM, MA 02492
TREASURER2$0
CHIZU SHIONO
25 BRENTWOOD DRIVE, HOLDEN, MA 01520
CHAIRMAN, SCHOLARSHIP COMMITTEE2$0
JULIA VARRIALE
865 CENTRAL AVE G-201, NEEDHAM, MA 02482
DIRECTOR, SCHOLARSHIP2$0
CYNTHIA SCOTT
865 CENTRAL AVE G-201, NEEDHAM, MA 02492
DIRECTOR, SCHOLARSHIP2$0
MARTA PENA
865 CENTRAL AVE G-201, NEEDHAM, MA 02492
DIRECTOR, SCHOLARSHIP2$0
DEBRA KOCAR
865 CENTRAL AVE G-201, NEEDHAM, MA 02492
DIRECTOR, SCHOLARSHIP2$0

Address and contacts

Address (IRS master file)
35 SUFFOLK RD, WELLESLEY, MA 02481-2601
In care of
% ADELE BEGGS
Signed the 990-PF
CHIZU SHIONO, TREASURER
Phone
(339) 225-2097
Return prepared by
BAUMANN & BAUMANN CPAS LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
04-2705767
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1964
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,641,147
Income (IRS master file)
$650,862

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$176,973$167,976$1,641,147XML
990-PFDecember 2023$154,624$161,254$1,632,150XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 04-2705767).

Questions about TBB SCHOLARSHIPS INC

What is the EIN of TBB SCHOLARSHIPS INC?
The employer identification number (EIN) of TBB SCHOLARSHIPS INC is 04-2705767.
Is TBB SCHOLARSHIPS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
Are donations to TBB SCHOLARSHIPS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does TBB SCHOLARSHIPS INC file?
Form 990-PF. Private foundations file every year.
When is the next return of TBB SCHOLARSHIPS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TBB SCHOLARSHIPS INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of TBB SCHOLARSHIPS INC?
The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does TBB SCHOLARSHIPS INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $176,973, expenses of $167,976 and total assets of $1,641,147 at year end.

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