Overview
What is Masconomet Regional Scholarship Foundation Inc?
Masconomet Regional Scholarship Foundation Inc is a nonprofit organization located in Boxford, Massachusetts. Their primary mission is to provide financial aid to graduating high school students from the regional district, who wish to pursue higher education at a 4-year or 2-year college, technical institute, school of nursing, or other educational programs beyond high school. The foundation relies on contributions from local individuals, businesses, and civic associations to fund these scholarships. The selection process considers factors such as academic record, test scores, extracurricular activities, and financial need. In the fiscal year ending June 30, 2023, the foundation awarded 161 scholarships.
Is Masconomet Regional Scholarship Foundation Inc legitimate?
Masconomet Regional Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masconomet Regional Scholarship Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Masconomet Regional Scholarship Foundation Inc?
The Masconomet Regional Scholarship Foundation Inc's mission is centered around providing financial aid scholarships to students who are either graduates or potential graduates of Masconomet Regional High School. These students must be pursuing further education at a 4-year or 2-year college, technical institute, school of nursing, or other education programs beyond high school. The foundation's goal is to support these students financially, aiding them in their educational journeys. The criteria used to select scholarship recipients include academic performance, test scores, extracurricular activities, and financial need. In the fiscal year ending June 30, 2023, the foundation awarded 161 scholarships.
Who is the CEO of Masconomet Regional Scholarship Foundation Inc?
Timothy F Hagan is the Chairperson of Masconomet Regional Scholarship Foundation Inc.
What is the revenue of Masconomet Regional Scholarship Foundation Inc?
Masconomet Regional Scholarship Foundation Inc's revenue in 2023 was $225,401.
Who are the executives of Masconomet Regional Scholarship Foundation Inc and what are their salaries?
There 23 volunteers at Masconomet Regional Scholarship Foundation Inc.
Here are 3 key members and their salaries:
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Where can I find the form 990 for Masconomet Regional Scholarship Foundation Inc?
Masconomet Regional Scholarship Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Masconomet Regional Scholarship Foundation Inc
Masconomet Regional Scholarship Foundation Inc is dedicated to providing financial aid scholarships to resident students in their local district who have graduated from Masconomet Regional High School or are potential graduates. These students are pursuing further education at a 4-year or 2-year college, technical institute, school of nursing, or other education programs beyond high school. The foundation's mission is to support these aspiring students by alleviating their financial burdens, enabling them to pursue their academic goals. The scholarships are made possible through contributions from local individuals, businesses, and civic associations. The selection process for recipients takes into account various factors such as academic record, test scores, extracurricular activities, and financial need. In the fiscal year ending June 30, 2023, the foundation awarded 161 scholarships.
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Impact
October, 2024
Masconomet Regional Scholarship Foundation Inc significantly enhances the educational opportunities for students in the region by providing financial aid scholarships to graduates of Masconomet Regional High School. This support enables students—whether they are headed to a four-year college, a two-year college, a technical institute, or a nursing school—to pursue their academic goals without the heavy burden of financial stress.
In the fiscal year ending June 30, 2023, the foundation awarded 161 scholarships, reflecting its deep commitment to fostering educational success. The criteria for selecting scholarship recipients include academic performance, test scores, extracurricular involvement, and financial need, ensuring that a wide range of students can benefit from this critical support. Funded entirely by local individuals, businesses, and civic associations, the foundation not only invests in the future of its students but also strengthens community ties, promoting a culture of support and collaboration. Through its initiatives, the foundation has a lasting impact on the lives of students and the broader community, empowering future leaders and lifelong learners.
This information is meant to be a general summary of Masconomet Regional Scholarship Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $66,466
- Gross Receipts: $461,225
Assets and Liabilities:
- Total Assets: $1,618,417
- Total Liabilities: $227,300
- Net Assets: $1,391,117
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Organization Details
Founding Year
1994
Phone
(978) 887-2323Principal Officer
Timothy F Hagan
Main Address
20 ENDICOTT ROAD, BOXFORD, MA, 019212709
NTEE Category
Code: B82 - Education
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