Attleboro Scholarship Foundation I

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The mission of the Organization is that no qualified Attleboro graduate of any high school be denied the advantage of a higher education due to financial need.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $344K a year · 33% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Plus $6.2M in investments, Pt X · Ln 11–13
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $146K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+72% vs prior year
Spent
$734K
To programs
92%
Net assets
$7.7M
By yearFY2020–FY2025
Revenue
$1.8M
FY2025▲ +72%
Tap a bar for its year
Revenue by fiscal year
FY2020$891K
FY2021$1.4M
FY2022$521K
FY2023$562K
FY2024$1.0M
FY2025$1.8M
Expenses
$734K
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$606K
FY2021$657K
FY2022$689K
FY2023$669K
FY2024$765K
FY2025$734K
Net assets
$7.7M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.4M
FY2021$6.8M
FY2022$5.9M
FY2023$6.3M
FY2024$7.0M
FY2025$7.7M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1953.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $679K Management & general 7% · $50K Fundraising 1% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director/Secretary
$65,375Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Asst. Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Cheryl Vieira’s $65K as Executive Director/Secretary is at the 12th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cheryl Vieira$65,375—————
Cheryl Vieira Eff 10124—$65,000————
Wendy Holt Ed Thru 10124—$46,426————
Wendy Holt——$44,686$44,461$41,532$42,172

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Attleboro Scholarship Foundation I executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps Attleboro graduates afford college when they can't otherwise.

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1 program · $679K · in their own filed words · FY2024
01

To provide scholarships and zero interest loans to students in the Attleboro area who are pursuing a college education.

$679Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 6 grants · $3.2M · 2019–2024
Unitemized GrantFY2024$563,719
Unitemized GrantFY2023$548,725
Unitemized GrantFY2022$510,825
Unitemized GrantFY2021$541,550
Unitemized GrantFY2020$522,325
Unitemized GrantFY2019$490,360

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Investment incomeLn 3$1.0M
Gifts and grantsLn 1h$747K
Other incomeLn 4–11$5K
Money outPt IX
$734K
Ln 25
Programscol B$679K
Managementcol C$50K
Fundraisingcol D$5K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$596K
Total assetsLn 16$7.7M
LiabilitiesLn 26$4K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$747K
Investment incomeLn 3$1.0M
Other incomeLn 4–11$5K
Gains on assetsLn 7$844K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
SavingsLn 2$596K
Cash and savings togetherLn 1–2$596K
InvestmentsLn 11–13$6.2M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$7.7M
LiabilitiesLn 26$4K
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22
End of yearLn 1g$6.5M$5.7M$5.0M$4.7M
Given inLn 1b$559K$466K$466K$585K
SpentLn 1d–1f$445K$559K$523K$517K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$970K$596K
InvestmentsLn 11–13$5.2M$6.2M
Land, buildings, equipmentLn 10c$750$0
Total assetsLn 16$7.0M$7.7M
LiabilitiesLn 26$5K$4K
Net assetsLn 32$7.0M$7.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$564K$564K
Pay of current officers, directors and key staffLn 5$68K$51K$14K$3K
Other salaries and wagesLn 7$18K$14K$4K$904
Other employee benefitsLn 9$9K$7K$2K$446
Payroll taxesLn 10$7K$5K$1K$334
Accounting feesLn 11c$16K$16K
Investment management feesLn 11f$27K$20K$7K
Other fees for servicesLn 11g$1K$977$260$65
Office expensesLn 13$7K$5K$1K$347
OccupancyLn 16$8K$6K$2K
Depreciation, depletion and amortizationLn 22$750$562$188
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$7K$6K$1K
Total functional expensesLn 25$734K$679K$50K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 7, 2026 $1.8M$734K$1.0M$7.7M 990 PDF
FY2024Filed with the IRS Mar 10, 2025 $1.0M$765K$255K$7.0M 990 PDF
FY2023Filed with the IRS Apr 12, 2024 $562K$669K−$107K$6.3M 990 PDF
FY2022Filed with the IRS Jan 12, 2023 $521K$689K−$168K$5.9M 990 PDF
FY2021Filed with the IRS Feb 4, 2022 $1.4M$657K$779K$6.8M 990 PDF
FY2020Filed with the IRS Jan 29, 2021 $891K$606K$285K$6.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,753,642 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $645,089$746,946
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $366,543$1,001,621
I-11 Other revenuePrior year $8,000$5,075
I-12 Total revenuePrior year $1,019,632$1,753,642
I-13 Grants and similar amounts paidPrior year $548,725$563,719
I-14 Benefits paid to membersPrior year $141,556$0
I-15 Salaries and benefitsPrior year $0$101,401
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $74,278$69,207
I-18 Total expensesPrior year $764,559$734,327
I-19 Revenue less expensesPrior year $255,073$1,019,315
Part VI · Governance 14 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,753,642 across 6 lines filed
VIII-1f All other contributions, gifts and grants$746,946
VIII-1h Total contributions, gifts and grants$746,946
VIII-3 Investment incomeRelated to mission $157,991$157,991
VIII-7 Net gain or loss on sales of assetsRelated to mission $843,630$843,630
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,075$5,075
VIII-12 Total revenueRelated to mission $1,006,696 · Unrelated business $0 · Excluded from tax $0$1,753,642
Part IX · Statement of functional expenses $734,327 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $563,719$563,719
IX-5 Pay of current officers, directors and key staffPrograms $50,813 · Management $13,550 · Fundraising $3,387$67,750
IX-7 Other salaries and wagesPrograms $13,550 · Management $3,613 · Fundraising $904$18,067
IX-9 Other employee benefitsPrograms $6,684 · Management $1,783 · Fundraising $446$8,913
IX-10 Payroll taxesPrograms $5,003 · Management $1,334 · Fundraising $334$6,671
IX-11c Accounting feesManagement $16,011$16,011
IX-11f Investment management feesPrograms $20,155 · Management $6,718$26,873
IX-11g Other fees for servicesPrograms $977 · Management $260 · Fundraising $65$1,302
IX-13 Office expensesPrograms $5,207 · Management $1,389 · Fundraising $347$6,943
IX-16 OccupancyPrograms $6,182 · Management $2,060$8,242
IX-22 Depreciation, depletion and amortizationPrograms $562 · Management $188$750
IX-23 InsuranceManagement $1,774$1,774
IX-24 Other expenses (24a–d)Programs $5,936 · Management $1,376$7,312
IX-25 Total functional expensesPrograms $678,788 · Management $50,056 · Fundraising $5,483$734,327
Part X · Balance sheet $7,664,770 assets, 10 lines filed
Asset lines not itemized here account for $837,989; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $969,948$595,782
X-10c Land, buildings and equipment, netStart of year $750$0
X-11 Publicly traded securitiesStart of year $5,187,037$6,230,999
X-16 Total assetsStart of year $7,005,717$7,664,770
X-17 Accounts payable and accrued expensesStart of year $5,122$3,736
X-26 Total liabilitiesStart of year $5,122$3,736
X-27 Net assets without donor restrictionsStart of year $1,274,909$1,284,532
X-28 Net assets with donor restrictionsStart of year $5,725,686$6,376,502
X-32 Total net assets or fund balancesStart of year $7,000,595$7,661,034
X-33 Total liabilities and net assetsStart of year $7,005,717$7,664,770
Part XI · Reconciliation of net assets $7,661,034 net assets at year end
XI-1 Total revenue$1,753,642
XI-2 Total expenses$734,327
XI-3 Revenue less expenses$1,019,315
XI-4 Net assets at start of year$7,000,595
XI-5 Net unrealized gains (losses) on investments−$358,876
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,661,034

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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