Nonprofit · EIN 81-1921644
FUNDERBURG SCHOLARS INC
Tax-exempt · CONCORD, MA 01742
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2026 | 990 | $508,194 | $407,555 | $100,639 | $473,186 | $0 | $473,186 |
| April 30, 2025 | 990 | $292,972 | $249,943 | $43,029 | $372,547 | $0 | $372,547 |
| April 30, 2024 | 990 | $345,802 | $184,833 | $160,969 | $531,100 | $0 | $531,100 |
| April 30, 2022 | 990 | $285,215 | $283,808 | $1,407 | $354,640 | $0 | $354,640 |
Financial details: 990 for the year ended April 30, 2026
Revenue
- Contributions, gifts and grants
- $508,169
- Program service revenue
- $0
- Investment income
- $25
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $404,569
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $404,569
- Management and general (functional)
- $2,986
Balance sheet and other
- Total assets, start of year
- $372,547
- Total assets, end of year
- $473,186
- Total liabilities, end of year
- $0
- Net assets, end of year
- $473,186
- Net assets without donor restrictions
- $473,186
- Gross receipts
- $508,194
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2016
- 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 April 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Loretta Ho Sherblom | President & Treasurer Trustee or director, Officer | 5 | $0 |
| Laurie Van Loon | At Large | 0 | $0 |
| Ashley Platt | At Large | 3 | $0 |
| Monique Veale | At Large | 2 | $0 |
| Rosemary McCrudden | At Large | 0 | $0 |
990 for the year ended April 30, 2025: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Loretta Ho Sherblom | President & Treasurer Trustee or director, Officer | 5 | $0 |
| Laurie Van Loon | At Large | 0 | $0 |
| Ashley Platt | At Large | 3 | $0 |
| Monique Veale | At Large | 2 | $0 |
| Rosemary McCrudden | At Large | 0 | $0 |
990 for the year ended April 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Loretta Ho Sherblom | President & Treasurer Trustee or director, Officer | 5 | $0 |
| Laurie Van Loon | At Large | – | $0 |
| Ashley Platt | At Large | 3 | $0 |
| Monique Veale | At Large | 2 | $0 |
| Rosemary McCrudden | At Large | – | $0 |
| Caitlin Selle | At Large | – | $0 |
990 for the year ended April 30, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Loretta Ho Sherblom | President & Treasurer Trustee or director, Officer | 5 | $0 |
| Laurie Van Loon | At Large | – | $0 |
| Ashley Platt | At Large | 3 | $0 |
| Monique Veale | At Large | 2 | $0 |
| Rosemary McCrudden | At Large | – | $0 |
| Caitlin Selle | At Large | – | $0 |
Address and contacts
- Address (IRS master file)
- 199 PARK LN, CONCORD, MA 01742-1621
- In care of
- % LORETTA HO SHERBLOM
- Mailing address (990-N for 2016)
- 199 Park Lane, Concord MA 01742
- Principal officer (990 for 2025)
- Loretta H Sherblom, 199 Park Lane, Concord, MA 01742
- Principal officer (990-N for 2016)
- Loretta Ho Sherblom, 199 Park Lane, Concord MA 01742
- Signed the 990
- Loretta H Sherblom, President & Treasurer
- Phone
- (508) 935-6750
- Return prepared by
- M Theresa Dave CPA
Mission
Funderburg Scholars is an all-volunteer organization that helps inner-city youth attend college by providing tuition scholarships, student loan repayment assistance, textbooks, computers, and related educational support.
Program accomplishments
- Provided tuition scholarships and student loan repayment assistance to students in need to help them attend and complete college.Expenses $392,422 · grants $392,422
- Purchased textbooks, computers, and related educational materials for students in need.Expenses $12,147 · grants $12,147
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | 990 on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 81-1921644
- 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
- 2016
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $473,186
- Income (IRS master file)
- $508,194
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2026 | $508,194 | $407,555 | $473,186 | XML |
| 990 | April 2025 | $292,972 | $249,943 | $372,547 | XML |
| 990 | April 2024 | $345,802 | $184,833 | $531,100 | XML |
| 990 | April 2023 | $186,122 | $170,276 | $370,485 | IRS |
| 990 | April 2022 | $285,215 | $283,808 | $354,640 | XML |
| 990-EZ | April 2021 | – | – | – | IRS |
| 990-EZ | April 2019 | – | – | – | IRS |
| 990-N for 2016 Officer: Loretta Ho Sherblom | April 30, 2017 | ≤ $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 81-1921644).
Questions about FUNDERBURG SCHOLARS INC
- What is the EIN of FUNDERBURG SCHOLARS INC?
- The employer identification number (EIN) of FUNDERBURG SCHOLARS INC is 81-1921644.
- Is FUNDERBURG SCHOLARS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to FUNDERBURG SCHOLARS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUNDERBURG SCHOLARS 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 FUNDERBURG SCHOLARS INC due?
- The return for tax year 2026 (the year ending April 30, 2027) is due September 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUNDERBURG SCHOLARS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2026.
- Who is the principal officer of FUNDERBURG SCHOLARS INC?
- The 990 for the year ended April 30, 2026 names Loretta H Sherblom.
- Who are the officers and directors of FUNDERBURG SCHOLARS INC?
- The 990 for the year ended April 30, 2026 lists 5 people; 0 received compensation from the organization.
- How much revenue does FUNDERBURG SCHOLARS INC have?
- On its 990 for the year ended April 30, 2026 it reported revenue of $508,194, expenses of $407,555 and total assets of $473,186 at year end.
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