Reading Scholarship Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237365813 ✦ Reading, MA ✦ Designated as a 501(c)(3)

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Overview

What is Reading Scholarship Foundation Inc?

The Reading Scholarship Foundation Inc, situated in Reading, Massachusetts, is a dedicated nonprofit organization that focuses on granting educational scholarships. Their primary mission is to financially support individuals pursuing their education, contributing to their academic growth and future prospects. The organization's activities revolve around awarding these scholarships, thereby fostering educational opportunities for its recipients.


Official website here: www.readingsf.org

Is Reading Scholarship Foundation Inc legitimate?

Reading Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reading 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

For more financial information, click here


Official website here: www.readingsf.org

What is the mission statement of Reading Scholarship Foundation Inc?

The Reading Scholarship Foundation, as a scholarship or financial aid organization, is committed to awarding educational scholarships to individuals in need. Its mission is centered around providing financial aid, thereby enabling deserving students to pursue their academic goals and further their education. The foundation serves as a vital resource, offering scholarships that can significantly impact the lives of many students, thereby contributing to a more educated and prosperous society. The organization's activities are primarily focused on awarding scholarships, aiming to make higher education more accessible and affordable for those who might otherwise be unable to afford it.


Official website here: www.readingsf.org

Who is the CEO of Reading Scholarship Foundation Inc?

Mary Hagstrom is the President of Reading Scholarship Foundation Inc.


Official website here: www.readingsf.org

What is the revenue of Reading Scholarship Foundation Inc?

Reading Scholarship Foundation Inc's revenue in 2023 was $244,240.


Official website here: www.readingsf.org

Who are the executives of Reading Scholarship Foundation Inc and what are their salaries?


Here are 24 key members and their salaries:


Mary Hagstrom (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patty White (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Fratto (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Schwartz (Assist Treasure)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Darveau (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janice Berner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Burke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Colella (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Davidson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Dorenfeld (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Dumas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pauline Harootian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Herrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Meharg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ren O'Connell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roc O'Connell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pooja Parsons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Peacock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Schofield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Terry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne Thomases (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcia Toomey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Vaillancourt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.readingsf.org

Where can I find the form 990 for Reading Scholarship Foundation Inc?

Reading Scholarship Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.readingsf.org

Learn more at the official website: www.readingsf.org

Mission Statement of Reading Scholarship Foundation Inc

Reading Scholarship Foundation, as a scholarship or financial aid organization, is dedicated to fulfilling its mission of awarding educational scholarships. By providing these scholarships, the foundation aims to support individuals in their pursuit of higher education, enabling them to realize their academic goals and potentially secure better opportunities in their future careers. The organization's mission is to invest in the future of scholars by providing them with the financial means necessary to pursue their educational aspirations. By doing so, Reading Scholarship Foundation plays a significant role in nurturing the next generation of leaders and innovators, contributing to the overall betterment of society.

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Impact




October, 2024

The Reading Scholarship Foundation Inc significantly impacts the local community by providing educational scholarships that enable students to access essential learning opportunities. By alleviating financial barriers, the foundation empowers individuals to pursue their academic goals and enhance their educational journeys. This support fosters a culture of learning and growth, encouraging students in Reading, MA, to achieve their full potential and contribute positively to society. The foundation’s mission not only helps students directly but also strengthens the community by promoting higher education and lifelong learning.




This information is meant to be a general summary of Reading 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.

Revenue
$244,240 (2023)
Expenses
$228,751 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $92,327
  • Gross Receipts: $316,699

Assets and Liabilities:

  • Total Assets: $3,776,691
  • Total Liabilities: $0
  • Net Assets: $3,776,691

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Organization Details

Founding Year

1969

Principal Officer

Mary Hagstrom

Main Address

PO BOX 492, READING, MA, 01867

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