2021-07-28T08:12:40-07:00 2021-06-30 BERNARD JOHNSON & COMPANY PC 15 MAIN STREET TOPSFIELD MA 01983 990 2020-07-01 043237355 MASCONOMET REGIONAL SCHOLARSHIP FOUNDATION INC MASC 9788872323 20 ENDICOTT ROAD BOXFORD MA 019212709 TIMOTHY F HAGAN TREASURER 9788872323 2021-07-19 true TIMOTHY HAGAN XXX-XX-XXXX Timothy F Hagan CPA P00365920 9788872220 2021-07-28 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z TIMOTHY F HAGAN 15 MAIN STREET TOPSFIELD MA 01983 606639 false X N/A X 1994 MA FINANCIAL AID SCHOLARSHIPS TO RESIDENT STUDENTS IN THE REGIONAL DISTRICT WHO ARE GRADUATES OR POTENTIAL GRADUATES OF MASCONOMET REGIONAL HIGH SCHOOL AND ARE ACCEPTED AT A 4-YEAR OR 2-YEAR COLLEGE, TECHNICAL INSTITUTE, SCHOOL OF NURSING OR OTHER EDUCATION PROGRAM BEYOND HIGH SCHOOL. 3 3 0 23 0 0 107181 114700 0 77703 149837 16350 15882 201234 280419 181700 176900 0 0 0 0 16181 17583 197881 194483 3353 85936 1483480 1738389 202900 195900 1280580 1542489 FINANCIAL AID SCHOLARSHIPS TO RESIDENT STUDENTS IN THE REGIONAL DISTRICT WHO ARE GRADUATES OR POTENTIAL GRADUATES OF MASCONOMET REGIONAL HIGH SCHOOL AND ARE ACCEPTED AT A 4-YEAR OR 2-YEAR COLLEGE, TECHNICAL INSTITUTE, SCHOOL OF NURSING OR OTHER EDUCATION PROGRAM BEYOND HIGH SCHOOL. false false 176900 176900 280419 SCHOLARSHIP PROGRAM - PROVIDES FINANCIAL AID TO GRADUATING HIGH SCHOOL STUDENTS PLANNING TO ATTEND COLLEGE. ALL FUNDS ARE FROM LOCAL INDIVIDUALS, BUSINESS AND CIVIC ASSOCIATIONS. CRITERIA USED TO SELECT RECIPIENTS INCLUDE ACADEMIC RECORD, TEST SCORES, EXTRA-CURRICULAR ACTIVITIES AND FINANCIAL NEED. ONE HUNDRED FORTY-FIVE (145) SCHOLARSHIPS WERE AWARDED IN THE FISCAL YEAR ENDED JUNE 30, 2021. 176900 true true false false false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false X 3 3 false false false false false false false true true false false true true true true false false false false false MA X JACQUELINE BOLDUC 9788872323 20 ENDICOTT ROAD BOXFORD MA 01921 X PETER DELANI CHAIRPERSON 2.00 X X 0 0 0 JACQUELINE BOLDUC SECRETARY 4.00 X X 0 0 0 TIMOTHY F HAGAN TREASURER 4.00 X X 0 0 0 0 0 0 false false false 114700 114700 28836 0 28836 447221 326220 121001 121001 0 0 121001 OTHER INCOME 999999 182 182 0 0 SCHOLARSHIP FORFEITURES 999999 15700 15700 0 0 15882 280419 15882 0 149837 176900 176900 3500 0 3500 0 13619 0 13619 0 299 0 299 0 FILING FEES 85 0 85 0 FOREIGN TAXES PAID 80 0 80 0 194483 176900 17583 0 59819 131324 90817 40888 51750 43050 3580 2616 1277514 1520511 1483480 1738389 3500 3500 199400 189400 0 3000 202900 195900 X 35846 47349 1244734 1495140 1280580 1542489 1483480 1738389 85936 175973 X X true X false false false X 0 124598 135345 119410 107181 114700 601234 0 0 124598 135345 119410 107181 114700 601234 197000 404234 25148 26858 28195 29174 28836 138211 0 12450 9350 11500 16350 15882 65532 804977 0.50220 0.83120 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: OTHER INCOME 2016: 0. 2017: 0. 2018: 0. 2019: 0. 2020: 182. Description: SCHOLARSHIP FORFEITURES 2016: 12450. 2017: 9350. 2018: 11500. 2019: 16350. 2020: 15700. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1244734 17850 301806 69250 0 1495140 1216421 9936 93678 75250 51 1244734 1194629 11751 85045 74500 504 1216421 1143940 33318 97921 80550 0 1194629 1081302 16471 124317 78150 0 1143940 1.00000 false false Pt V, Line 4 TEMPORARILY RESTRICTED NET ASSET FUNDS ARE USED TO SUPPORT PERPETUAL SCHOLARSHIP PAYMENTS true EDUCATIONAL, POST-SECONDARY SCHOLARSHIPS 145 176900 Pt I Line 2 THE FOUNDATION ISSUES SCHOLARSHIP PAYMENTS DIRECTLY TO THE ACCREDITED POST-SECONDARY EDUCATIONAL INSTITUTION TO BE CREDITED TO THE STUDENT'S ACCOUNT, OR IN THE CASE OF FOREIGN ENROLLMENT, DIRECTLY REIMBURSES THE STUDENT UPON RECEIPT OF EVIDENTIARY MATTER RELATED TO THE STUDENT'S ENROLLMENT AND TUITION PAYMENT AT AN ACCREDITED POST-SECONDARY EDUCATIONAL INSTITUTION. Pt VI, Line 11b THE TREASURER REVIEWS THE FORM 990 PRIOR TO ITS FILING Pt VI, Line 12c CONFLICT OF INTEREST POLICY IS SIGNED AND ANY DISCLOSURES ARE RESOLVED Pt VI, Line 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST Pt XII, Line 2c THE ANNUAL CERTIFIED FINANCIAL STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE