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Nonprofit · EIN 04-2794495

WALPOLE SCHOLARSHIP FOUNDATION INC

Tax-exempt · WALPOLE, MA 02081

Financials

$96K$261K2023$558K$346K2024
Revenue Expenses · by fiscal year end
Financials of WALPOLE SCHOLARSHIP FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$558,436$345,568$212,868$4,437,897$0$4,437,897
December 31, 2023990$96,063$260,709-$164,646$4,188,096$0$4,188,096
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$226,107
Program service revenue
$0
Investment income
$319,657
Net gain from sales of assets
$170,210
Net income from fundraising events
$12,672
Other revenue
$12,672

Expenses

Grants and similar amounts paid
$298,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$5,800
Program services (functional)
$301,500
Management and general (functional)
$35,712
Fundraising (functional)
$8,356

Balance sheet and other

Total assets, start of year
$4,188,096
Total assets, end of year
$4,437,897
Total liabilities, end of year
$0
Net assets, end of year
$4,437,897
Publicly traded securities
$4,309,334
Net assets without donor restrictions
$3,147,728
Net assets with donor restrictions
$1,290,169
Gross receipts
$1,610,243
Employees
0
Volunteers
30
Year formed
1983
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
WALSH ANNPRESIDENT
Trustee or director, Officer
2$0
DELLEO JEFFTREASURER
Trustee or director, Officer
2$0
BURKE BJFINANCIAL SECRETARY
Trustee or director, Officer
2$0
CORSO MARIOASSISTANT TREASURER
Trustee or director, Officer
2$0
COX JESSICASECRETARY
Trustee or director, Officer
2$0
BENT DAVIDTRUSTEE
Trustee or director
0.5$0
CESARIO DANTRUSTEE
Trustee or director
0.5$0
FLOWERS ANDREWTRUSTEE
Trustee or director
0.5$0
HAUGE JAMIETRUSTEE
Trustee or director
0.5$0
HINTON PATRICKTRUSTEE
Trustee or director
0.5$0
LYNCH DENISETRUSTEE
Trustee or director
0.5$0
MCANDREW JENNIFERTRUSTEE
Trustee or director
0.5$0
MCCABE MEREDITHTRUSTEE
Trustee or director
0.5$0
MCGRATH MIKETRUSTEE
Trustee or director
0.5$0
NANNICELLI THOMASTRUSTEE
Trustee or director
0.5$0
3 more people on this return
NameTitleHours / weekCompensation
STREET JEANEANTRUSTEE
Trustee or director
0.5$0
WISHART DAVETRUSTEE
Trustee or director
0.5$0
VERZINO MIKETRUSTEE
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensation
WALSH ANNPRESIDENT
Trustee or director, Officer
2$0
DELLEO JEFFTREASURER
Trustee or director, Officer
2$0
BURKE BJFINANCIAL SECRETARY
Trustee or director, Officer
2$0
CORSO MARIOASSISTANT TREASURER
Trustee or director, Officer
2$0
COX JESSICASECRETARY
Trustee or director, Officer
2$0
BENT DAVIDTRUSTEE
Trustee or director
0.5$0
CESARIO DANTRUSTEE
Trustee or director
0.5$0
FLOWERS ANDREWTRUSTEE
Trustee or director
0.5$0
HAUGE JAMIETRUSTEE
Trustee or director
0.5$0
HINTON PATRICKTRUSTEE
Trustee or director
0.5$0
LYNCH DENISETRUSTEE
Trustee or director
0.5$0
MCANDREW JENNIFERTRUSTEE
Trustee or director
0.5$0
MCCABE MEREDITHTRUSTEE
Trustee or director
0.5$0
MCGRATH MIKETRUSTEE
Trustee or director
0.5$0
NANNICELLI THOMASTRUSTEE
Trustee or director
0.5$0
STREET JEANEANTRUSTEE
Trustee or director
0.5$0
WISHART DAVETRUSTEE
Trustee or director
0.5$0
VERZINO MIKETRUSTEE
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
1 HOMEWARD LN, WALPOLE, MA 02081-2209
In care of
% STEVEN M ROSE CPA
Principal officer (990 for 2024)
JEFF DELLEO, 1 HOMEWARD LN, WALPOLE, MA 020812239
Signed the 990
JEFF DELLEO, TREASURER
Phone
(508) 245-5799
Return prepared by
GRUPPIONI & PELISSIER LLC

Mission

THE ORGANIZATIONS MISSION IS TO AID AND ENCOURAGE WALPOLE RESIDENTS TO OBTAIN POST SECONDARY CULTURAL, VOCATIONAL, OR PROFESSIONAL EDUCATION THROUGH RESIDENTIAL AND BUSINESS MAIL CAMPAIGNS AND A FUNDRAISING EVENT.

990 for the year ended December 31, 2024

Program accomplishments

  • 253 SCHOLARSHIPS WERE ISSUED DURING 2024 TO 151 WALPOLE RESIDENT STUDENTS FOR POST-SECONDARY EDUCATION.
    Expenses $301,500 · grants $298,000

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

IRS record

EIN
04-2794495
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
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,437,897
Income (IRS master file)
$1,610,243

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$558,436$345,568$4,437,897XML
990December 2023$96,063$260,709$4,188,096XML
990December 2022$228,377$255,845$3,987,385IRS
990December 2021–––IRS
990December 2020–––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 04-2794495).

Questions about WALPOLE SCHOLARSHIP FOUNDATION INC

What is the EIN of WALPOLE SCHOLARSHIP FOUNDATION INC?
The employer identification number (EIN) of WALPOLE SCHOLARSHIP FOUNDATION INC is 04-2794495.
Is WALPOLE SCHOLARSHIP FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to WALPOLE SCHOLARSHIP FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WALPOLE 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 WALPOLE SCHOLARSHIP FOUNDATION 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 WALPOLE SCHOLARSHIP FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WALPOLE SCHOLARSHIP FOUNDATION INC?
The 990 for the year ended December 31, 2024 names JEFF DELLEO.
Who are the officers and directors of WALPOLE SCHOLARSHIP FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
How much revenue does WALPOLE SCHOLARSHIP FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $558,436, expenses of $345,568 and total assets of $4,437,897 at year end.

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