Nonprofit · EIN 87-6910148
TWIN LIGHTS BEVERAGES SCHOLARSHIP TR
Also known as JOHN W SALISBURY TTEE
Tax-exempt · GLOUCESTER, MA 01930
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990-PF | $108,810 | $174,675 | -$65,865 | $2,547,131 | $0 | $2,547,131 |
| June 30, 2025 | 990-PF | $159,922 | $142,482 | $17,440 | $2,613,006 | $0 | $2,613,006 |
| June 30, 2024 | 990-PF | $1,089,614 | $215,829 | $873,785 | $2,595,572 | $0 | $2,595,572 |
Financial details: 990-PF for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $18,025
- Dividends
- $79,102
- Net gain from sales of assets
- $11,683
Expenses
- Grants and similar amounts paid
- $153,500
- Disbursements for charitable purposes
- $153,570
- Excise tax on investment income
- $997
Balance sheet and other
- Total assets, start of year
- $2,613,006
- Total assets, end of year
- $2,547,131
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,547,131
- Fair market value of assets
- $3,023,154
- Qualifying distributions
- $153,570
- Net investment income
- $90,785
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 June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP E HOPKINS 18 MIDDLE ROAD, ROCKPORT, MA 01966 | TRUSTEE | 1 | $0 |
| JOHN W SALISBURY 3 HIGHLAND STREET, ROCKPORT, MA 01966 | TRUSTEE | 1 | $0 |
990-PF for the year ended June 30, 2025: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP E HOPKINS 18 MIDDLE ROAD, ROCKPORT, MA 01966 | TRUSTEE | 1 | $0 |
| JOHN W SALISBURY 3 HIGHLAND STREET, ROCKPORT, MA 01966 | TRUSTEE | 1 | $0 |
990-PF for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILIP E HOPKINS 18 MIDDLE ROAD, ROCKPORT, MA 01966 | TRUSTEE | 1 | $0 |
| JOHN W SALISBURY 3 HIGHLAND STREET, ROCKPORT, MA 01966 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- C/O CAPE ANN SAVINGS BANK 109 MAIN, GLOUCESTER, MA 01930-0000
- In care of
- % CAPE ANN SAVINGS BANK TRUST DEPT
- Signed the 990-PF
- JOHN SALISBURY, TRUSTEE
- Phone
- (978) 283-7079
- Return prepared by
- DELOITTE TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990-PF on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-6910148
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,547,131
- Income (IRS master file)
- $839,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2026 | $108,810 | $174,675 | $2,547,131 | XML |
| 990-PF | June 2025 | $159,922 | $142,482 | $2,613,006 | XML |
| 990-PF | June 2024 | $1,089,614 | $215,829 | $2,595,572 | XML |
| 990-PF | June 2023 | – | – | – | 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 87-6910148).
Questions about TWIN LIGHTS BEVERAGES SCHOLARSHIP TR
- What is the EIN of TWIN LIGHTS BEVERAGES SCHOLARSHIP TR?
- The employer identification number (EIN) of TWIN LIGHTS BEVERAGES SCHOLARSHIP TR is 87-6910148.
- Is TWIN LIGHTS BEVERAGES SCHOLARSHIP TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to TWIN LIGHTS BEVERAGES SCHOLARSHIP TR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TWIN LIGHTS BEVERAGES SCHOLARSHIP TR file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TWIN LIGHTS BEVERAGES SCHOLARSHIP TR due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TWIN LIGHTS BEVERAGES SCHOLARSHIP TR last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2026.
- Who are the officers and directors of TWIN LIGHTS BEVERAGES SCHOLARSHIP TR?
- The 990-PF for the year ended June 30, 2026 lists 2 people; 0 received compensation from the organization.
- How much revenue does TWIN LIGHTS BEVERAGES SCHOLARSHIP TR have?
- On its 990-PF for the year ended June 30, 2026 it reported revenue of $108,810, expenses of $174,675 and total assets of $2,547,131 at year end.
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