Nonprofit · EIN 04-3518227
NAC SCHOLARSHIP FUND INC
Tax-exempt · NANTUCKET, MA 02554
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $97,470 | $33,121 | $64,349 | $651,465 | $0 | $651,465 |
| December 31, 2024 | 990 | $78,187 | $20,693 | $57,494 | $586,616 | $0 | $586,616 |
| December 31, 2023 | 990 | $75,415 | $26,753 | $48,662 | $529,122 | $0 | $529,122 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $14,800
- Program service revenue
- $0
- Investment income
- $19,082
- Net income from fundraising events
- $63,588
- Other revenue
- $63,588
Expenses
- Grants and similar amounts paid
- $28,750
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,319
- Program services (functional)
- $33,121
Balance sheet and other
- Total assets, start of year
- $586,616
- Total assets, end of year
- $651,465
- Total liabilities, end of year
- $0
- Net assets, end of year
- $651,465
- Gross receipts
- $97,470
- Employees
- 0
- Year formed
- 2000
- 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 |
|---|---|---|---|
| SHAMUS HAYES | PRESIDENT Trustee or director, Officer | 0 | $0 |
| CHRIS GLOWACKI | TREASURER Trustee or director, Officer | 0 | $0 |
| EVAN SCHWANFELDER | CLERK Trustee or director | 0 | $0 |
| BOB DECOSTA | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| HOMER RAY IV | DIRECTOR Trustee or director | 0 | $0 |
| JIM HUGHES | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTOPHER BELL | DIRECTOR Trustee or director | 0 | $0 |
| TAMMY KING | DIRECTOR Trustee or director | 0 | $0 |
| MATT ROBERTS | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EVAN SCHWANFELDER | CLERK Trustee or director | 0 | $0 |
| HOMER RAY IV | DIRECTOR Trustee or director | 0 | $0 |
| SHAMUS HAYES | DIRECTOR Trustee or director | 0 | $0 |
| BOB DECOSTA | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTOPHER BELL | DIRECTOR Trustee or director | 0 | $0 |
| JIM HUGHES | DIRECTOR Trustee or director | 0 | $0 |
| SHEILA LUCEY | PRESIDENT Trustee or director, Officer | 0 | $0 |
| CHRIS GLOWACKI | TREASURER Trustee or director, Officer | 0 | $0 |
| CHRIS YOUNG | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS GLOWACKI | DIRECTOR Trustee or director | 0 | $0 |
| KEVIN RAMOS | DIRECTOR Trustee or director | 0 | $0 |
| JIM HUGHES | DIRECTOR Trustee or director | 0 | $0 |
| CHRISTOPHER BELL | DIRECTOR Trustee or director | 0 | $0 |
| HOMER RAY IV | DIRECTOR Trustee or director | 0 | $0 |
| JEREMY SLAVITZ | CLERK Trustee or director | 0 | $0 |
| SHEILA LUCEY | PRESIDENT Trustee or director, Officer | 0 | $0 |
| JOE TORMAY | TREASURER Trustee or director, Officer | 0 | $0 |
| CHRIS YOUNG | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 NEW WHALE ST, NANTUCKET, MA 02554-3832
- In care of
- % SHAMUS HAYES
- Principal officer (990 for 2025)
- SHAMUS HAYES, 201 HUMMOCK POND RD, Nantucket, MA 02554
- Signed the 990
- SHAMUS HAYES, PRESIDENT
- Phone
- (508) 228-2299
- Return prepared by
- Michael J Gallugi CPA
Mission
Provide education grants to qualified individuals.
Program accomplishments
- Provide education grants to qualified individualsExpenses $33,121 · grants $28,750
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
- 04-3518227
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $651,465
- Income (IRS master file)
- $97,470
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $97,470 | $33,121 | $651,465 | XML |
| 990 | December 2024 | $78,187 | $20,693 | $586,616 | IRS |
| 990 | December 2023 | $75,415 | $26,753 | $529,122 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 04-3518227).
Questions about NAC SCHOLARSHIP FUND INC
- What is the EIN of NAC SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of NAC SCHOLARSHIP FUND INC is 04-3518227.
- Is NAC SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to NAC SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NAC SCHOLARSHIP FUND 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 NAC SCHOLARSHIP FUND 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 NAC SCHOLARSHIP FUND 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 NAC SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2025 names SHAMUS HAYES.
- Who are the officers and directors of NAC SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does NAC SCHOLARSHIP FUND INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $97,470, expenses of $33,121 and total assets of $651,465 at year end.
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