Nonprofit · EIN 32-0289471
WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC
Tax-exempt · HINGHAM, MA 02043
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $318,668 | $408,738 | -$90,070 | $1,641,983 | $0 | $1,641,983 |
| December 31, 2023 | 990 | $431,610 | $599,923 | -$168,313 | $1,332,742 | $25,000 | $1,307,742 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $266,881
- Program service revenue
- $0
- Investment income
- $51,787
- Net gain from sales of assets
- $34,575
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $336,281
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $10,112
- Program services (functional)
- $351,470
- Management and general (functional)
- $57,268
Balance sheet and other
- Total assets, start of year
- $1,332,742
- Total assets, end of year
- $1,641,983
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,641,983
- Land, buildings and equipment
- $1,109,944
- Publicly traded securities
- $473,994
- Gross receipts
- $324,943
- Employees
- 0
- Volunteers
- 25
- Year formed
- 2009
- State of legal domicile
- VA
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 |
|---|---|---|---|
| MARK DEROCCHI | PRESIDENT&BO Trustee or director, Officer | 5 | $0 |
| JOHN SERAFINI | CHAIRMAN & T Trustee or director, Officer | 5 | $0 |
| MARK WEAVER | VP & BOARD M Trustee or director, Officer | 5 | $0 |
| MICHELLE LAVICKA | BOARD MEMBER Trustee or director | 3 | $0 |
| JASON KOSTAL | BOARD MEMBER Trustee or director, Officer | 5 | $0 |
| TRACI VOELKE | BOARD MEMBER Trustee or director | 3 | $0 |
| GEORGE WOODS | BOARD MEMBER Trustee or director | 3 | $0 |
| ANDERSON PUCKETT | BOARD MEMBER Trustee or director | 3 | $0 |
| CHRIS MCQUILLEN | BOARD MEMBER Trustee or director | 3 | $0 |
| JASON PARKS | BOARD MEMBER Trustee or director | 3 | $0 |
| WILLIAM GIBBS | BOARD MEMBER Trustee or director | 3 | $0 |
| STEVEN TETREAULT | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE AVERY | BOARD MEMBER Trustee or director | 3 | $0 |
| KALEIGH WOTRING | BOARD MEMBER Trustee or director | 3 | $0 |
| STACEY TOMIC | BOARD MEMBER Trustee or director | 3 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN BONNEY | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK DEROCCHI | PRESIDENT&BO Trustee or director, Officer | 5 | $0 |
| JOHN SERAFINI | CHAIRMAN & T Trustee or director, Officer | 5 | $0 |
| MARK WEAVER | VP & BOARD M Trustee or director, Officer | 5 | $0 |
| MICHELLE LAVICKA | BOARD MEMBER Trustee or director | 3 | $0 |
| JASON KOSTAL | BOARD MEMBER Trustee or director, Officer | 5 | $0 |
| TRACI VOELKE | BOARD MEMBER Trustee or director | 3 | $0 |
| GEORGE WOODS | BOARD MEMBER Trustee or director | 3 | $0 |
| ANDERSON PUCKETT | BOARD MEMBER Trustee or director | 3 | $0 |
| CHRIS MCQUILLEN | BOARD MEMBER Trustee or director | 3 | $0 |
| JASON PARKS | BOARD MEMBER Trustee or director | 3 | $0 |
| WILLIAM GIBBS | BOARD MEMBER Trustee or director | 3 | $0 |
| STEVEN TETREAULT | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE AVERY | BOARD MEMBER Trustee or director | 3 | $0 |
| KALEIGH WOTRING | BOARD MEMBER Trustee or director | 3 | $0 |
| STACEY TOMIC | BOARD MEMBER Trustee or director | 3 | $0 |
| ANN BONNEY | BOARD MEMBER Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 197 MAIN ST, HINGHAM, MA 02043-1953
- In care of
- % JOHN SERAFINI
- Mailing address (990-N for 2015)
- 197 Main Street, Hingham MA 02043
- Principal officer (990 for 2024)
- JOHN SERAFINI, 197 MAIN STREET, HINGHAM, MA 02043
- Principal officer (990-N for 2015)
- John Serafini, 197 Main Street, Hingham MA 02043
- Signed the 990
- JOHN SERAFINI, CHAIRMAN & TREASURER
- Phone
- (617) 894-6425
- Website
- WWW.THE98FUND.ORG
- Return prepared by
- RYAN & WETMORE PC
Mission
THE 98 FUND EXISTS TO SERVE AND SUPPORT GRADUATES AND GRADUATE FAMILIES OF THE UNITED STATES MILITARY ACADEMY PRINCIPALLY THROUGH EDUCATIONAL SCHOLARSHIPS, FINANCIAL SUPPORT, AND MENTORSHIP OF THE SPOUSES AND CHILDREN OF OUR FALLEN GRADUATES. THE 98 FUND OWNS AND OPERATES A SUMMER CAMP COMPOUND IN ALASKA TO PROVIDE BENEFICIAL EXPERIENCES FOR THE FAMILIES OF OUR FALLEN GRADUATES AND FELLOWSHIP OPPORTUNITIES FOR WEST POINT GRADUATES.
Program accomplishments
- UPGRADED LAND FOR THE 98 FUND SUMMER COMPOUND IN ALASKA AND INVESTED MATERIAL VOLUNTEER TIME IN BUILDING NEW BUILDINGS AND OTHER CRITICAL INFRASTRUCTURE TO SUPPORT LONG-TERM USE AS A SUMMER CAMP TO SUPPORT THE FAMILIES OF OUR FALLEN GRADUATES. OPERATED SEVERAL WEEK-LONG ALASKA SUMMER CAMP EXPERIENCES FOR THE CHILDREN AND WIDOWS OF WEST POINT GRADUATES WHO WERE KILLED IN COMBAT OR DIED OTHERWISE.Expenses $215,275
- DISTRIBUTED CAPITAL TO SUPPORT EDUCATIONAL (COLLEGE) SCHOLARSHIPS FOR THE CHILDREN OF OUR WEST POINT CLASSMATES WHO WERE EITHER KILLED IN COMBAT OR DIED OTHERWISE. TO DATE, THE FUND HAS MADE FOURTEEN 10,000 SCHOLARSHIP COMMITMENTS THAT HAVE BEEN DISTRIBUTED TO DATE OR WILL BE DISTRIBUTED OVER THE NEXT FEW YEARS AS THE CHILDREN REACH COLLEGE AGE.Expenses $20,000 · grants $20,000
- DISTRIBUTED CAPITAL TO SUPPORT THE MEDICAL, LIVING AND TRAVEL EXPENSES OF LIVING WEST POINT GRADUATES IN NEED AS WELL AS FOR THE CHILDREN AND WIDOWS OF WEST POINT GRADUATES WHO WERE EITHER KILLED IN COMBAT OR DIED OTHERWISE.Expenses $116,195
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
- 32-0289471
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,641,983
- Income (IRS master file)
- $324,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $318,668 | $408,738 | $1,641,983 | IRS |
| 990 | December 2023 | $431,610 | $599,923 | $1,332,742 | XML |
| 990 | December 2022 | $629,808 | $402,669 | $1,395,835 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2015 Officer: John Serafini | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 32-0289471).
Questions about WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC
- What is the EIN of WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC is 32-0289471.
- Is WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WEST POINT CLASS OF 1998 MEMORIAL 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 WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND 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 WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND 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 WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2024 names JOHN SERAFINI.
- Who are the officers and directors of WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $318,668, expenses of $408,738 and total assets of $1,641,983 at year end.
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