Lynnfield Scholarship Foundation is located in Lynnfield, MA. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynnfield Scholarship Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS PURSING A SECONDARY EDUCATION WHO RESIDE IN LYNNFIELD, MASSACHUSETTS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard O'connor President/treasurer | 0.5 | $0 | |
David Gluck Clerk | 0.5 | $0 | |
John Hambrecht Secretary | 0.5 | $0 | |
Jill Iacono-Mavro Board Member | 0.5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,480 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,480 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,560 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,403 |
| Total expenses | $11,963 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $281,575 |
| Other assets | $0 |
| Total assets | $281,575 |
| Total liabilities | $0 |
| Net assets or fund balances | $281,575 |