Freeport High School Scholarship Foundation

Organization Overview

Freeport High School Scholarship Foundation is located in Freeport, ME. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeport High School 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.

For the year ending 12/2023, Freeport High School Scholarship Foundation generated $244.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $50.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SCHOLARSHIPS FOR STUDENTS GRADUATING FROM FREEPORT HIGH SCHOOL IN FREEPORT, MAINE TO PURSUE POST-SECONDARY EDUCATION. GOAL IS TO PROVIDE UP TO 4 STUDENTS PER YEAR WITH SCHOLARSHIP ASSISTANCE EQUAL TO $5,000 PER YEAR FOR UP TO 4 YEARS TO ATTEND 4 YEAR COLLEGE AND 4 STUDENTS PER YEAR WITH SCHOLARSHIP ASSISTANCE EQUAL TO$4,000 PER YEAR FOR UP TO 2 YEARS TO ATTEND TECHNICAL SCHOOL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE SCHOLARSHIPS FOR STUDENTS GRADUATING FROM FREEPORT HIGH SCHOOL IN FREEPORT, MAINE TO PURSUE POST-SECONDARY EDUCATION. GOAL IS TO PROVIDE UP TO 4 STUDENTS PER YEAR WITH SCHOLARSHIP ASSISTANCE EQUAL TO $5,000 PER YEAR FOR UP TO 4 YEARS TO ATTEND 4 YEAR COLLEGE AND 4 STUDENTS PER YEAR WITH SCHOLARSHIP ASSISTANCE EQUAL TO$4,000 PER YEAR FOR UP TO 2 YEARS TO ATTEND TECHNICAL SCHOOL.


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Board, Officers & Key Employees

Name (title)Compensation
Stephanie Paine
President
$0
Kimberly Wing
Director
$0
Jennifer Fox
Director
$0
Meghan Palmer
Director
$0
Jeff Zachau
Director
$0
Jennifer Gulko
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$218,663
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$218,663
Total Program Service Revenue$0
Investment income $25,845
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $244,508

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