Nonprofit · EIN 46-4340095
GLOUCESTER SCHOLARSHIP FOUNDATION INC
Tax-exempt · GLOUCESTER, MA 01930
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $127,941 | $71,365 | $56,576 | $1,758,818 | $0 | $1,758,818 |
| December 31, 2024 | 990 | $126,301 | $72,915 | $53,386 | $1,700,940 | $0 | $1,700,940 |
| December 31, 2023 | 990 | $56,043 | $55,453 | $590 | $1,650,845 | $0 | $1,650,845 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $12,600
- Program service revenue
- $0
- Investment income
- $115,341
- Net gain from sales of assets
- $56,181
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $55,800
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $900
- Program services (functional)
- $55,800
- Management and general (functional)
- $15,565
Balance sheet and other
- Total assets, start of year
- $1,700,940
- Total assets, end of year
- $1,758,818
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,758,818
- Publicly traded securities
- $1,642,179
- Gross receipts
- $567,257
- Employees
- 0
- Year formed
- 2013
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY MERTENS | BOARD MEMBER Trustee or director | – | $0 |
| MICHAEL SIKORSKI | BOARD MEMBER Trustee or director | – | $0 |
| JENNIFER DORT | BOARD MEMBER Trustee or director | – | $0 |
| LAWRENCE INGERSOLL | PRESIDENT Officer | – | $0 |
| ANNETTE CAMPBELL | VICE PRESIDENT/TREASURER Officer | – | $0 |
| KATHRYN WILLIAMS | SECRETARY/BOARD MEMBER Officer | – | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY MERTENS | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL SIKORSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER DORT | BOARD MEMBER Trustee or director | 1 | $0 |
| LAWRENCE INGERSOLL | PRESIDENT Officer | 1 | $0 |
| ANNETTE CAMPBELL | VICE PRESIDENT/TREASURER Officer | 1 | $0 |
| KATHRYN WILLIAMS | SECRETARY/BOARD MEMBER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH MOLNAR | DIRECTOR Trustee or director | 1 | $0 |
| NANCY MERTENS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL SIKORSKI | DIRECTOR Trustee or director | 1 | $0 |
| LAWRENCE INGERSOLL | PRESIDENT Officer | 1 | $0 |
| ANNETTE CAMPBELL | TREASURER Officer | 1 | $0 |
| KATHRYN WILLIAMS | CLERK Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 109 MAIN ST, GLOUCESTER, MA 01930-5701
- In care of
- % INGERSOLL
- Signed the 990
- LAWRENCE INGERSOLL, PRESIDENT
- Phone
- (978) 283-7079
- Return prepared by
- DELOITTE TAX LLP
Mission
TO EXPAND ACCESS TO HIGHER EDUCATION FOR STUDENTS OF GLOUCESTER HIGH SCHOOL, GLOUCESTER, MASSACHUSETTS BY RAISING FUNDS FOR STUDENT AID DISTRIBUTION AND DISTRIBUTING AWARDS TO SUCH STUDENTS ON A FAIR AND NON-DISCRIMINATORY BASIS.
Program accomplishments
- SCHOLARSHIPSExpenses $55,800
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 | 990 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
- 46-4340095
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,758,818
- Income (IRS master file)
- $567,257
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $127,941 | $71,365 | $1,758,818 | IRS |
| 990 | December 2024 | $126,301 | $72,915 | $1,700,940 | XML |
| 990 | December 2023 | $56,043 | $55,453 | $1,650,845 | XML |
| 990 | December 2022 | $84,249 | $62,354 | $1,646,388 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 46-4340095).
Questions about GLOUCESTER SCHOLARSHIP FOUNDATION INC
- What is the EIN of GLOUCESTER SCHOLARSHIP FOUNDATION INC?
- The employer identification number (EIN) of GLOUCESTER SCHOLARSHIP FOUNDATION INC is 46-4340095.
- Is GLOUCESTER SCHOLARSHIP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to GLOUCESTER SCHOLARSHIP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOUCESTER SCHOLARSHIP FOUNDATION 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 GLOUCESTER SCHOLARSHIP FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GLOUCESTER SCHOLARSHIP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of GLOUCESTER SCHOLARSHIP FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does GLOUCESTER SCHOLARSHIP FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $127,941, expenses of $71,365 and total assets of $1,758,818 at year end.
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