Nonprofit · EIN 06-6059483
NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED
Tax-exempt · NEWTOWN, CT 06470
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $432,105 | $378,546 | $53,559 | $1,760,000 | $0 | $1,760,000 |
| December 31, 2023 | 990 | $333,043 | $313,964 | $19,079 | $1,678,334 | $0 | $1,678,334 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $285,727
- Program service revenue
- $0
- Investment income
- $96,643
- Net gain from sales of assets
- $32,881
- Net income from fundraising events
- $49,735
- Other revenue
- $49,735
Expenses
- Grants and similar amounts paid
- $356,400
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $378,286
- Management and general (functional)
- $260
Balance sheet and other
- Total assets, start of year
- $1,678,334
- Total assets, end of year
- $1,760,000
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,760,000
- Publicly traded securities
- $1,554,890
- Gross receipts
- $899,009
- Employees
- 0
- Volunteers
- 30
- Year formed
- 1937
- State of legal domicile
- CT
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cindy Carlson | President Trustee or director, Officer | 5 | $0 |
| William Plunkett | Vice President Trustee or director, Officer | 5 | $0 |
| Azian Kearney | Treasurer Trustee or director, Officer | 5 | $0 |
| Margaret McCarthy | Assistant Treasurer Trustee or director, Officer | 5 | $0 |
| Dawn A Bogdan DDS | Recording Secretary Trustee or director, Officer | 5 | $0 |
| Sherri S Baggett | Director Trustee or director | 1 | $0 |
| Jay Bartel | Director Trustee or director | 1 | $0 |
| Stephanie DeBartolomeo | Director Trustee or director | 1 | $0 |
| David Freedman | Director Trustee or director | 1 | $0 |
| Linc Keil | Director Trustee or director | 1 | $0 |
| Patrick Kelley | Director Trustee or director | 1 | $0 |
| Meghan Miller | Director Trustee or director | 1 | $0 |
| John Morlock | Director Trustee or director | 1 | $0 |
| Rebecca Osborne | Director Trustee or director | 1 | $0 |
| Julie B Savino | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie B Savino | Director Trustee or director | 1 | $0 |
| Margaret McCarthy | Assistant Treasurer Trustee or director, Officer | 5 | $0 |
| Sherri S Baggett | Director Trustee or director | 1 | $0 |
| Cindy Carlson | Vice President Trustee or director, Officer | 5 | $0 |
| Ted Kohler | President Trustee or director, Officer | 5 | $0 |
| John W Morlock | Director Trustee or director | 1 | $0 |
| Dawn A Bogdan DDS | Recording Secretary Trustee or director, Officer | 1 | $0 |
| Rebecca Osborne | Director Trustee or director | 1 | $0 |
| Patrick Kelley | Director Trustee or director | 1 | $0 |
| Eileen Fetchick | Director Trustee or director | 1 | $0 |
| Emily Howard | Director Trustee or director | 1 | $0 |
| Meghan Krebs | Director Trustee or director | 1 | $0 |
| William Plunkett | Director Trustee or director | 1 | $0 |
| Azian Kearney | Treasurer Trustee or director, Officer | 5 | $0 |
| Jay Bartel | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 302, NEWTOWN, CT 06470-0302
- In care of
- % AZIAN KEARNEY
- Principal officer (990 for 2024)
- Azian Kearney, 123 South Main St Suite 140, Newtown, CT 06470
- Signed the 990
- Azian Kearney, Treasurer
- Phone
- (203) 426-8500
- Return prepared by
- Nanavaty Davenport Studley White
Mission
TO AWARD SCHOLARSHIPS TO STUDENTS WHO ARE RESIDENTS OF THE TOWN OF NEWTOWN, CONNECTICUT AT THE TIME OF HIGH SCHOOL GRADUATION WITH CONTINUING AID THROUGH COLLEGE.
Program accomplishments
- FINANCIAL AID GRANTED TO NEWTOWN SECONDARY SCHOOL GRADUATES WHO DEMONSTRATE FINANCIAL NEED. SCHOLARSHIPS GIVEN TO 147 INDIVIDUALS.Expenses $378,286 · grants $356,400
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 | Not 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
- 06-6059483
- 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
- 1963
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,760,000
- Income (IRS master file)
- $899,009
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $432,105 | $378,546 | $1,760,000 | XML |
| 990 | December 2023 | $333,043 | $313,964 | $1,678,334 | XML |
| 990 | December 2022 | $321,208 | $303,580 | $1,595,773 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 06-6059483).
Questions about NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED
- What is the EIN of NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED?
- The employer identification number (EIN) of NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED is 06-6059483.
- Is NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED 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 NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED 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 NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED 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 NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED?
- The 990 for the year ended December 31, 2024 names Azian Kearney.
- Who are the officers and directors of NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does NEWTOWN SCHOLARSHIP ASSOCIATION INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $432,105, expenses of $378,546 and total assets of $1,760,000 at year end.
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