Nonprofit · EIN 87-4406794
COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC
Tax-exempt · PEABODY, MA 01960
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $554,622 | $927,850 | -$373,228 | $996,260 | $0 | $996,260 |
| December 31, 2024 | 990-PF | $273 | $61,628 | -$61,355 | $946,885 | $0 | $946,885 |
| December 31, 2023 | 990-PF | $478 | $61,251 | -$60,773 | $1,106,900 | $0 | $1,106,900 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Interest
- $282
- Net gain from sales of assets
- $554,340
Expenses
- Grants and similar amounts paid
- $923,601
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $927,846
- Excise tax on investment income
- $25,839
Balance sheet and other
- Total assets, start of year
- $946,885
- Total assets, end of year
- $996,260
- Total liabilities, end of year
- $0
- Net assets, end of year
- $996,260
- Fair market value of assets
- $996,260
- Qualifying distributions
- $927,846
- Net investment income
- $1,858,952
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN SHEA 15 BEACH STREET, QUINCY, MA 02170 | TREASURER/DIRECTOR | 1 | $0 |
| MICHAEL MCFARLAND 15 BEACH STREET, QUINCY, MA 02170 | PRESIDENT/DIRECTOR | 1 | $0 |
| JOSEPH SHADDUCK 15 BEACH STREET, QUINCY, MA 02170 | SECRETARY/DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael McFarland 15 Beach street, Quincy, MA 02170 | President/Director | 1 | $0 |
| Susan Shea 15 Beach street, Quincy, MA 02170 | Treasurer/Director | 1 | $0 |
| Joseph Shadduck 15 Beach street, Quincy, MA 02170 | Secretary/Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MCFARLAND 15 BEACH STREET, QUINCY, MA 02170 | PRESIDENT/DIRECTOR | 1 | $0 |
| SUSAN SHEA 15 BEACH STREET, QUINCY, MA 02170 | TREASURER/DIRECTOR | 1 | $0 |
| JOSEPH SHADDUCK AS OF 812023 15 BEACH STREET, QUINCY, MA 02170 | SECRETARY/DIRECTOR | 1 | $0 |
| RICHARD MEADE PAST AWAY 15 BEACH STREET, QUINCY, MA 02170 | SECRETARY/DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- CO NSB 248 ANDOVER STREET, PEABODY, MA 01960-0000
- In care of
- % SUSAN SHEA
- Signed the 990-PF
- REED WHITMAN, TREASURER
- Phone
- (978) 532-4200
- Return prepared by
- WOLF & COMPANY PC
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 | 990-PF 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
- 87-4406794
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $996,260
- Income (IRS master file)
- $1,858,952
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $554,622 | $927,850 | $996,260 | IRS |
| 990-PF | December 2024 | $273 | $61,628 | $946,885 | XML |
| 990-PF | December 2023 | $478 | $61,251 | $1,106,900 | XML |
| 990-PF | December 2022 | – | – | – | 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 87-4406794).
Questions about COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC
- What is the EIN of COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC is 87-4406794.
- Is COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of COLONIAL FEDERAL SAVINGS BANK CHARITABLE 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 COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does COLONIAL FEDERAL SAVINGS BANK CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $554,622, expenses of $927,850 and total assets of $996,260 at year end.
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