Nonprofit · EIN 86-2719897
FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION
Tax-exempt · FREEPORT, ME 04032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $161,173 | $11,206 | $149,967 | $1,520,058 | $89,000 | $1,431,058 |
| December 31, 2023 | 990 | $244,508 | $50,706 | $193,802 | $1,305,493 | $129,400 | $1,176,093 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $131,133
- Program service revenue
- $0
- Investment income
- $30,040
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $11,206
Balance sheet and other
- Total assets, start of year
- $1,305,493
- Total assets, end of year
- $1,520,058
- Total liabilities, end of year
- $89,000
- Net assets, end of year
- $1,431,058
- Publicly traded securities
- $1,246,269
- Net assets without donor restrictions
- $1,431,058
- Gross receipts
- $161,173
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2021
- State of legal domicile
- ME
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 |
|---|---|---|---|
| Stephanie Paine | President Trustee or director | 10 | $0 |
| Meghan Palmer | Director Trustee or director | 2 | $0 |
| Michelle Bosse | Director Trustee or director | 2 | $0 |
| Jennifer Gulko | Director Trustee or director | 2 | $0 |
| Sarah Tracy | Director Trustee or director | 2 | $0 |
| John Stivers | Director Trustee or director | 2 | $0 |
| Becky Foley | Director Trustee or director | 2 | $0 |
| Jennifer Galetta | Director Trustee or director | 2 | $0 |
| John Paterson | Secretary Trustee or director | 2 | $0 |
| Kala Hamilton | Vice President Trustee or director | 2 | $0 |
| Kim Wing | Director Trustee or director | 2 | $0 |
| Scott Ross | Treasurer Trustee or director | 3 | $0 |
| Kristen Rowe | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stephanie Paine | President Trustee or director, Officer | 8 | $0 |
| Kimberly Wing | Director Trustee or director | 3 | $0 |
| Jennifer Fox | Director Trustee or director | 5 | $0 |
| Meghan Palmer | Director Trustee or director | 5 | $0 |
| Jeff Zachau | Director Trustee or director | 0 | $0 |
| Jennifer Gulko | Director Trustee or director | 2 | $0 |
| Sarah Tracy | Director Trustee or director | 3 | $0 |
| John Stivers | Director Trustee or director | 3 | $0 |
| Becky Foley | Director Trustee or director | 3 | $0 |
| Frederick Palmer | Director Trustee or director | 5 | $0 |
| John Paterson | Secretary Officer | 8 | $0 |
| Warren Graver | Treasurer Officer | 5 | $0 |
| Kala Hamilton | Vice President Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 431, FREEPORT, ME 04032-0431
- In care of
- % JOHN PATERSON
- Principal officer (990 for 2024)
- Stephanie Paine, PO Box 431, Freeport, ME 04032
- Signed the 990
- Stephanie Paine, President
- Phone
- (207) 831-8319
- Website
- fhsscholarships.org
Mission
To provide scholarships for students graduating from Freeport High School in Freeport, Maine to pursue post-secondary education. Goal is to provide up to 4 students per year with scholarship assistance equal to $5,000 per year for up to 4 years to attend 4 year college and 4 students per year with scholarship assistance equal to$4,000 per year for up to 2 years to attend technical school.
Program accomplishments
- To provide scholarships for students graduating from Freeport High School in Freeport, Maine to pursue post-secondary education. Goal is to provide up to 4 students per year with scholarship assistance equal to $5,000 per year for up to 4 years to attend 4 year college and 4 students per year with scholarship assistance equal to$4,000 per year for up to 2 years to attend technical school.revenue $162,173
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
- 86-2719897
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,520,058
- Income (IRS master file)
- $161,173
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $161,173 | $11,206 | $1,520,058 | XML |
| 990 | December 2023 | $244,508 | $50,706 | $1,305,493 | XML |
| 990 | December 2022 | $272,714 | $12,480 | $1,049,042 | IRS |
| 990 | December 2021 | – | – | – | 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 86-2719897).
Questions about FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION
- What is the EIN of FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION is 86-2719897.
- Is FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION 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 FREEPORT HIGH SCHOOL 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 FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION 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 FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 names Stephanie Paine.
- Who are the officers and directors of FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does FREEPORT HIGH SCHOOL SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $161,173, expenses of $11,206 and total assets of $1,520,058 at year end.
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