Nonprofit · EIN 27-5040651
STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,513,711 | $6,854,952 | -$2,341,241 | $41,616,438 | $15,365 | $41,601,073 |
| December 31, 2023 | 990-PF | $5,764,072 | $6,259,207 | -$495,135 | $42,633,718 | $16,183 | $42,617,535 |
| December 31, 2022 | 990-PF | $2,798,772 | $5,859,255 | -$3,060,483 | $43,097,955 | $19,616 | $43,078,339 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $721,894
- Dividends
- $1,056,847
- Interest
- $159,161
- Net gain from sales of assets
- $2,575,750
- Other income
- $59
Expenses
- Grants and similar amounts paid
- $5,113,260
- Compensation of officers, directors and key employees
- $450,599
- Salaries, compensation and benefits (total)
- $426,559
- Disbursements for charitable purposes
- $6,333,435
- Excise tax on investment income
- $43,274
Balance sheet and other
- Total assets, start of year
- $42,633,718
- Total assets, end of year
- $41,616,438
- Total liabilities, end of year
- $15,365
- Net assets, end of year
- $41,601,073
- Fair market value of assets
- $120,375,801
- Qualifying distributions
- $6,333,435
- Net investment income
- $3,594,891
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 |
|---|---|---|---|---|
| BARBARA W ILER 27 FLINT ST UNIT A, SALEM, MA 01970 | EXECUTIVE DIRECTOR | 40 | $262,914 | $48,730 |
| MADELEINE JACOBS 27 FLINT STREET UNIT A, SALEM, MA 01970 | VP OF COMMUNICATIONS Highest-paid employee | 40 | $140,000 | $13,989 |
| KATHLEEN GEARAN 27 FLINT STREET UNIT A, SALEM, MA 01970 | VP OF SCHOLARSHIP PR Highest-paid employee | 33 | $98,663 | $49,271 |
| AMY MORAN LOWE 27 FLINT STREET UNIT A, SALEM, MA 01970 | SENIOR VP OF PROGRAM Highest-paid employee | 40 | $98,417 | $35,550 |
| ELIZABETH LOVEND 27 FLINT STREET UNIT A, SALEM, MA 01970 | PROGRAM MANAGER Highest-paid employee | 40 | $72,800 | $10,160 |
| LAWRENCE COOLIDGE C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | TREASURER/DIRECTOR | 1 | $47,137 | $0 |
| PEGGY EYSENBACH C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | DIRECTOR | 1 | $35,137 | $0 |
| JOHN H FINLEY IV C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | CLERK/DIRECTOR | 1 | $35,137 | $0 |
| BETH ANDERSON C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | DIRECTOR | 1 | $35,137 | $0 |
| ROBERT M RANDOLPH C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | PRESIDENT/DIRECTOR | 1 | $35,137 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA W ILER 27 FLINT ST UNIT A, SALEM, MA 01970 | EXECUTIVE DIRECTOR | 40 | $250,394 | $48,254 |
| AMY MORAN LOWE 27 FLINT STREET UNIT A, SALEM, MA 01970 | SENIOR VP OF PROGRAM Highest-paid employee | 40 | $133,900 | $36,373 |
| MADELEINE JACOBS 27 FLINT STREET UNIT A, SALEM, MA 01970 | VP OF COMMUNICATIONS Highest-paid employee | 40 | $125,000 | $12,500 |
| KATHLEEN GEARAN 27 FLINT STREET UNIT A, SALEM, MA 01970 | VP OF SCHOLARSHIP PR Highest-paid employee | 33 | $93,965 | $47,045 |
| ELIZABETH LOVEND 27 FLINT STREET UNIT A, SALEM, MA 01970 | PROGRAM MANAGER Highest-paid employee | 40 | $70,000 | $13,689 |
| LAWRENCE COOLIDGE C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | TREASURER/DIRECTOR | 1 | $47,137 | $0 |
| PEGGY EYSENBACH C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | DIRECTOR | 1 | $35,137 | $0 |
| JOHN H FINLEY IV C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | CLERK/DIRECTOR | 1 | $35,137 | $0 |
| BETH ANDERSON C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | DIRECTOR | 1 | $35,137 | $0 |
| ROBERT M RANDOLPH C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | PRESIDENT/DIRECTOR | 1 | $35,137 | $0 |
990-PF for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA W ILER 27 FLINT ST UNIT A, SALEM, MA 01970 | EXECUTIVE DIRECTOR | 40 | $243,101 | $43,265 |
| AMY MORAN LOWE 27 FLINT STREET UNIT A, SALEM, MA 01970 | SENIOR VP OF PROGRAM Highest-paid employee | 40 | $130,000 | $35,136 |
| MADELEINE JACOBS 27 FLINT STREET UNIT A, SALEM, MA 01970 | SENIOR VP OF FINANCE Highest-paid employee | 40 | $101,600 | $7,728 |
| KATHLEEN GEARAN 27 FLINT STREET UNIT A, SALEM, MA 01970 | VP OF SCHOLARSHIP PR Highest-paid employee | 33 | $91,227 | $46,869 |
| LAWRENCE COOLIDGE C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | TREASURER/DIRECTOR | 1 | $47,137 | $0 |
| PEGGY EYSENBACH C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | DIRECTOR | 1 | $35,137 | $0 |
| JOHN H FINLEY IV C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | CLERK/DIRECTOR | 1 | $35,137 | $0 |
| BETH ANDERSON C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | DIRECTOR | 1 | $35,137 | $0 |
| ROBERT M RANDOLPH C/O LWC 230 CONGRESS STREET, BOSTON, MA 02110 | PRESIDENT/DIRECTOR | 1 | $35,137 | $0 |
Address and contacts
- Address (IRS master file)
- 230 CONGRESS ST FL 12, BOSTON, MA 02110-2464
- In care of
- % LORING WOLCOTT & COOLIDGE
- Signed the 990-PF
- JOHN H FINLEY IV, CLERK/DIRECTOR
- Phone
- (617) 523-6531
- Return prepared by
- EAG NEW ENGLAND LLC
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
- 27-5040651
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $41,616,438
- Income (IRS master file)
- $11,124,550
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,513,711 | $6,854,952 | $41,616,438 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $5,764,072 | $6,259,207 | $42,633,718 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | $2,798,772 | $5,859,255 | $43,097,955 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 27-5040651).
Questions about STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC
- What is the EIN of STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC is 27-5040651.
- Is STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC 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 STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC 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 STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC?
- The 990-PF for the year ended December 31, 2024 lists 10 people; 10 received compensation from the organization, the highest $262,914 (BARBARA W ILER, EXECUTIVE DIRECTOR).
- How much revenue does STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FUND INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,513,711, expenses of $6,854,952 and total assets of $41,616,438 at year end.
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