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Nonprofit · EIN 04-2463819

THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC

Tax-exempt · FALMOUTH, MA 02541

Financials

$362K$218K2023$476K$294K2024$471K$335K2025
Revenue Expenses · by fiscal year end
Financials of THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
February 28, 2026990$471,067$334,769$136,298$4,752,828$61,700$4,691,128
February 28, 2025990$476,348$293,592$182,756$4,433,165$58,500$4,374,665
February 29, 2024990$362,293$218,083$144,210$4,106,157$56,650$4,049,507
Financial details: 990 for the year ended February 28, 2026

Revenue

Contributions, gifts and grants
$165,001
Program service revenue
$0
Investment income
$306,066
Net gain from sales of assets
$134,946
Other revenue
$0

Expenses

Grants and similar amounts paid
$288,815
Compensation of officers, directors and key employees
$0
Other salaries and wages
$3,000
Salaries, compensation and benefits (total)
$3,000
Professional fundraising fees
$0
Accounting fees
$2,520
Program services (functional)
$288,815
Management and general (functional)
$45,954

Balance sheet and other

Total assets, start of year
$4,433,165
Total assets, end of year
$4,752,828
Total liabilities, end of year
$61,700
Net assets, end of year
$4,691,128
Publicly traded securities
$4,601,319
Net assets without donor restrictions
$4,463,672
Net assets with donor restrictions
$227,456
Gross receipts
$1,320,362
Employees
0
Volunteers
25
Year formed
1924
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 February 28, 2026, highest compensation first.

NameTitleHours / weekCompensation
KAREN BISSONNETTEPRESIDENT
Trustee or director, Officer
5$0
GEOFFREY NICKERSONVICE PRESIDENT
Trustee or director, Officer
5$0
LISA ZMUDASECRETARY
Trustee or director, Officer
5$0
BARBARA MITCHELLTREASURER
Trustee or director, Officer
5$0
JEANNE ANTONUCCIDIRECTOR
Trustee or director
1$0
ALAN KAZARIANDIRECTOR
Trustee or director
1$0
SUSAN NETTODIRECTOR
Trustee or director
1$0
NANCY PORTERDIRECTOR
Trustee or director
1$0
TRACEY CRAGODIRECTOR
Trustee or director
1$0
HENRY ST JULIENDIRECTOR
Trustee or director
1$0
STEPHANIE ANDRADEDIRECTOR
Trustee or director
1$0
STEPHANIE MCDOWELLDIRECTOR
Trustee or director
1$0
990 for the year ended February 28, 2025: 10 people
NameTitleHours / weekCompensation
KAREN BISSONNETTEPRESIDENT
Trustee or director, Officer
5$0
GEOFFREY NICKERSONVICE PRESIDENT
Trustee or director, Officer
5$0
LISA ZMUDASECRETARY
Trustee or director, Officer
5$0
BARBARA MITCHELLTREASURER
Trustee or director, Officer
5$0
JEANNE ANTONUCCIDIRECTOR
Trustee or director
1$0
ALAN KAZARIANDIRECTOR
Trustee or director
1$0
SUSAN NETTODIRECTOR
Trustee or director
1$0
NANCY PORTERDIRECTOR
Trustee or director
1$0
TRACEY CRAGODIRECTOR
Trustee or director
1$0
HENRY ST JULIENDIRECTOR
Trustee or director
1$0
990 for the year ended February 29, 2024: 11 people
NameTitleHours / weekCompensation
KAREN BISSONNETTEPRESIDENT
Trustee or director, Officer
5$0
GEOFFREY NICKERSONVICE PRESIDENT
Trustee or director, Officer
5$0
LISA ZMUDASECRETARY
Trustee or director, Officer
5$0
BARBARA MITCHELLTREASURER
Trustee or director, Officer
5$0
JEANNE ANTONUCCIDIRECTOR
Trustee or director
1$0
RONALD GARCIADIRECTOR
Trustee or director
1$0
ALAN KAZARIANDIRECTOR
Trustee or director
1$0
SUSAN NETTODIRECTOR
Trustee or director
1$0
NANCY PORTERDIRECTOR
Trustee or director
1$0
TRACEY CRAGODIRECTOR
Trustee or director
1$0
HENRY ST JULIENDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 369, FALMOUTH, MA 02541-0369
Principal officer (990 for 2025)
KAREN BISSONNETTE, 7 COLERIDGE DRIVE, FALMOUTH, MA 02540
Signed the 990
KAREN BISSONNETTE, PRESIDENT
Phone
(508) 274-1651
Return prepared by
CLAUDIA J CONNELL EA

Mission

AWARDS SCHOLARSHIPS FOR COLLEGE TUITION TO SELECTED STUDENTS AT FALMOUTH HIGH SCHOOL WHO WISH TO PURSUE ADVANCED WORK IN LITERATURE, SCIENCE, MATH, OR THE ARTS.

990 for the year ended February 28, 2026

Program accomplishments

  • AWARDS SCHOLARSHIPS FOR COLLEGE TUITION TO SELECTED STUDENTS AT FALMOUTH HIGH SCHOOL WHO WISH TO PURSUE ADVANCED WORK IN LITERATURE, SCIENCE, MATH, OR THE ARTS.
    Expenses $288,815

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 February, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025February 28, 2026July 15, 2026990 on file
2024February 28, 2025July 15, 2025990 on file
2023February 29, 2024July 15, 2024990 on file

IRS record

EIN
04-2463819
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
1982
Accounting year ends
February
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82Z)
Assets (IRS master file)
$4,752,828
Income (IRS master file)
$1,320,362

Filing history

FormYear endedRevenueExpensesAssetsReturn
990February 2026$471,067$334,769$4,752,828XML
990February 2025$476,348$293,592$4,433,165XML
990February 2024$362,293$218,083$4,106,157XML
990February 2023$758,247$225,720$3,556,298IRS
990February 2022–––IRS
990February 2021–––IRS
990February 2020–––IRS
990February 2019–––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 04-2463819).

Questions about THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC

What is the EIN of THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC?
The employer identification number (EIN) of THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC is 04-2463819.
Is THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE SCHOLARSHIP ASSOCIATION OF FALMOUTH 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 THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC due?
The return for tax year 2026 (the year ending February 28, 2027) is due July 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended February 2026.
Who is the principal officer of THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC?
The 990 for the year ended February 28, 2026 names KAREN BISSONNETTE.
Who are the officers and directors of THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC?
The 990 for the year ended February 28, 2026 lists 12 people; 0 received compensation from the organization.
How much revenue does THE SCHOLARSHIP ASSOCIATION OF FALMOUTH INC have?
On its 990 for the year ended February 28, 2026 it reported revenue of $471,067, expenses of $334,769 and total assets of $4,752,828 at year end.

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