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Nonprofit · EIN 04-3272675

NORTH ANDOVER SCHOLARSHIP FOUNDATION INC

Tax-exempt · NORTH ANDOVER, MA 01845

Financials

$185K$85K2023$218K$89K2024
Revenue Expenses · by fiscal year end
Financials of NORTH ANDOVER SCHOLARSHIP FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$218,011$89,141$128,870$1,236,917$0$1,236,917
December 31, 2023990$184,940$84,770$100,170$1,049,817$4$1,049,813
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$140,756
Program service revenue
$0
Investment income
$68,170
Net gain from sales of assets
$43,154
Net income from fundraising events
$9,085
Other revenue
$9,085

Expenses

Grants and similar amounts paid
$69,100
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,800
Program services (functional)
$69,100
Management and general (functional)
$14,143
Fundraising (functional)
$5,898

Balance sheet and other

Total assets, start of year
$1,049,817
Total assets, end of year
$1,236,917
Total liabilities, end of year
$0
Net assets, end of year
$1,236,917
Publicly traded securities
$1,132,672
Net assets without donor restrictions
$1,236,917
Gross receipts
$295,232
Employees
0
Year formed
1995
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
Ken ConnollyTrustee
Trustee or director
0$0
Sunit MukherjeeTrustee
Trustee or director
0$0
David BoudreauTrustee
Trustee or director
0$0
Tony ContiTrustee
Trustee or director
0$0
Karen CarrollTrustee
Trustee or director
0$0
Naga DontiTrustee
Trustee or director
0$0
Matt GinsburgTrustee
Trustee or director
0$0
Frank KenneallyTrustee
Trustee or director
0$0
Kim HearstTrustee
Trustee or director
0$0
Leanna PristashSecretary
Trustee or director
0$0
John BenvenutoVice President
Trustee or director
0$0
Steve ToddTrustee
Trustee or director
0$0
Emily SmithTrustee
Trustee or director
0$0
Justin BenincasaPresident
Trustee or director
0$0
Andria ParadisTreasurer
Trustee or director
0$0
3 more people on this return
NameTitleHours / weekCompensation
Jennifer RogersTrustee
Trustee or director
0$0
Jerry Kent JRTrustee
Trustee or director
0$0
Janet McKayTrustee
Trustee or director
0$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensation
Ken ConnollyTrustee
Trustee or director
0$0
Sunit MukherjeeTrustee
Trustee or director
0$0
David BoudreauTrustee
Trustee or director
0$0
Tony ContiTrustee
Trustee or director
0$0
Karen CarrollTrustee
Trustee or director
0$0
Naga DontiTrustee
Trustee or director
0$0
Matt GinsburgTrustee
Trustee or director
0$0
Frank KenneallyTrustee
Trustee or director
0$0
Kim HearstTrustee
Trustee or director
0$0
Leanna PristashSecretary
Trustee or director
0$0
John BenvenutoVice President
Trustee or director
0$0
Emily SmithTrustee
Trustee or director
0$0
Justin BenincasaPresident
Trustee or director
0$0
Andria ParadisTreasurer
Trustee or director
0$0
Jennifer RogersTrustee
Trustee or director
0$0
Mark VincentTrustee
Trustee or director
0$0
Janet McKayTrustee
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 524, NORTH ANDOVER, MA 01845-0524
In care of
% JAMES R LAFOND
Signed the 990
Andria Paradis, Treasurer
Phone
(978) 682-5488
Return prepared by
ARDITO TOSCANO & MCCOLLUM PC

Mission

To provide scholarships to graduating high school students residing in No. Andover who plan to attend college or are pursuing other post-secondary education.

990 for the year ended December 31, 2024

Program accomplishments

  • To provide scholarships to graduating high school students residing in No. Andover who plan to attend college or are pursuing other post-secondary education.
    Expenses $69,100 · revenue $140,756

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
04-3272675
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
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$1,236,917
Income (IRS master file)
$295,232

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$218,011$89,141$1,236,917XML
990December 2023$184,940$84,770$1,049,817XML
990December 2022$72,767$78,069$865,993IRS
990December 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 04-3272675).

Questions about NORTH ANDOVER SCHOLARSHIP FOUNDATION INC

What is the EIN of NORTH ANDOVER SCHOLARSHIP FOUNDATION INC?
The employer identification number (EIN) of NORTH ANDOVER SCHOLARSHIP FOUNDATION INC is 04-3272675.
Is NORTH ANDOVER SCHOLARSHIP FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to NORTH ANDOVER SCHOLARSHIP FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTH ANDOVER 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 NORTH ANDOVER 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 NORTH ANDOVER 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 are the officers and directors of NORTH ANDOVER 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 NORTH ANDOVER SCHOLARSHIP FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $218,011, expenses of $89,141 and total assets of $1,236,917 at year end.

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