Nonprofit · EIN 82-1503998
WORTHINGTON SCHOLARSHIP FOUNDATION
Tax-exempt · ROCKLAND, ME 04841
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $42,894,232 | $6,495,185 | $36,399,047 | $45,180,430 | $0 | $45,180,430 |
| December 31, 2023 | 990-PF | $780,108 | $4,064,522 | -$3,284,414 | $8,781,383 | $0 | $8,781,383 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $41,040,549
- Dividends
- $500,525
- Interest
- $1,068,018
- Net gain from sales of assets
- $285,140
Expenses
- Grants and similar amounts paid
- $5,080,186
- Compensation of officers, directors and key employees
- $237,405
- Salaries, compensation and benefits (total)
- $339,939
- Disbursements for charitable purposes
- $6,143,771
- Excise tax on investment income
- $21,126
Balance sheet and other
- Total assets, start of year
- $8,781,383
- Total assets, end of year
- $45,180,430
- Total liabilities, end of year
- $0
- Net assets, end of year
- $45,180,430
- Fair market value of assets
- $48,051,841
- Qualifying distributions
- $6,151,571
- Net investment income
- $1,853,683
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Julie F Bourgoin 12 Water St Ste 202, Rockland, ME 04841 | President/Director | 40 | $220,886 | $16,519 |
| Whitney Lytle 12 Water St Ste 202, Rockland, ME 04841 | Director of Scholar Highest-paid employee | 40 | $87,715 | $13,758 |
| Sebastian Yattaw 12 Water St Ste 202, Rockland, ME 04841 | Student Accounts Man Highest-paid employee | 40 | $58,198 | $8,473 |
| Maitana Cormier 12 Water St Ste 202, Rockland, ME 04841 | Scholar Advocate Highest-paid employee | 40 | $54,241 | $8,585 |
| Shawna Thomas 12 Water St Ste 202, Rockland, ME 04841 | Scholar Advocate Highest-paid employee | 40 | $53,961 | $8,578 |
| Beverly S Worthington 10 Seagate Dr PH1-S, Naples, FL 34103 | Chair/Treas/Director | 10 | $0 | $0 |
| Jennifer Edwards 12 Water St Ste 202, Rockland, ME 04841 | Secretary/Director | 1 | $0 | $0 |
| Meg Baxter 12 Water St Ste 202, Rockland, ME 04841 | Director | 1 | $0 | $0 |
| Tony McKim 12 Water St Ste 202, Rockland, ME 04841 | Director | 1 | $0 | $0 |
| Jeri Sonnier 12 Water St Ste 202, Rockland, ME 04841 | Director | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Julie F Bourgoin 12 Water St Ste 202, Rockland, ME 04841 | President | 40 | $135,865 | $4,076 |
| Sebastian Yattaw 12 Water St Ste 202, Rockland, ME 04841 | Student Accounts Man Highest-paid employee | 40 | $51,410 | $5,633 |
| Meg Baxter 12 Water St Ste 202, Rockland, ME 04841 | Director | 1 | $50,000 | $0 |
| David W Worthington 10 Seagate Dr PH1-S, Naples, FL 34103 | Chair/Director | 1 | $0 | $0 |
| Beverly S Worthington 10 Seagate Dr PH1-S, Naples, FL 34103 | Secr/Treas/Director | 1 | $0 | $0 |
| Rick Bedigian 12 Water St Ste 202, Rockland, ME 04841 | Director | 1 | $0 | $0 |
| Jennifer Edwards 12 Water St Ste 202, Rockland, ME 04841 | Director | 1 | $0 | $0 |
| Tony McKim 12 Water St Ste 202, Rockland, ME 04841 | Director | 1 | $0 | $0 |
| Donald Pietroski 12 Water St Ste 202, Rockland, ME 04841 | Director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 12 WATER ST STE 202, ROCKLAND, ME 04841-3546
- In care of
- % BEVERLY S WORTHINGTON
- Signed the 990-PF
- Beverly S Worthington, Chair/Treas/Dir
- Phone
- (239) 649-1541
- Website
- worthingtonscholars.org
- Return prepared by
- Blazek & Vetterling
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 82-1503998
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $45,180,430
- Income (IRS master file)
- $44,202,968
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $42,894,232 | $6,495,185 | $45,180,430 | XML |
| 990-PF | December 2023 | $780,108 | $4,064,522 | $8,781,383 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 82-1503998).
Questions about WORTHINGTON SCHOLARSHIP FOUNDATION
- What is the EIN of WORTHINGTON SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of WORTHINGTON SCHOLARSHIP FOUNDATION is 82-1503998.
- Is WORTHINGTON SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to WORTHINGTON SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does WORTHINGTON SCHOLARSHIP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WORTHINGTON SCHOLARSHIP FOUNDATION 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 WORTHINGTON SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WORTHINGTON SCHOLARSHIP FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 10 people; 5 received compensation from the organization, the highest $220,886 (Julie F Bourgoin, President/Director).
- How much revenue does WORTHINGTON SCHOLARSHIP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $42,894,232, expenses of $6,495,185 and total assets of $45,180,430 at year end.
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