FALMOUTH SCHOLARSHIP ASSOCIATION INC

EIN: 042463819 501(c)(3) Education

FALMOUTH, MA

Total Revenue
$471,067
Total Expenses
$334,769
Total Assets
$4,752,828
Net Assets
$4,691,128
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
MA
Principal Officer
KAREN BISSONNETTE
Phone
5082741651
Tax Period
2025-03-01 to 2026-02-28

FALMOUTH SCHOLARSHIP ASSOCIATION INC, founded in 1924, is a small nonprofit in the Education sector that reported $471K in total revenue in fiscal year 2025. The organization ran a surplus of $136K, a strong 29% operating margin.

Mission

AWARDS SCHOLARSHIPS FOR COLLEGE TUITION TO SELECTED STUDENTS AT FALMOUTH HIGH SCHOOL WHO WISH TO PURSUE ADVANCED WORK IN LITERATURE, SCIENCE, MATH, OR THE ARTS.

Program Service Accomplishments

Program 1
Expenses: $288,815

AWARDS SCHOLARSHIPS FOR COLLEGE TUITION TO SELECTED STUDENTS AT FALMOUTH HIGH SCHOOL WHO WISH TO PURSUE ADVANCED WORK IN LITERATURE, SCIENCE, MATH, OR THE ARTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $165,001
Program Service Revenue $0
Investment Income $306,066
Other Revenue $0
TOTAL REVENUE $471,067

Expense Breakdown

Grants Paid $288,815
Salaries & Benefits $3,000
Fundraising Expenses $0
Program Expenses $288,815
Other Expenses $42,954
TOTAL EXPENSES $334,769

Year-over-Year Comparison

2025 2024 Change
Revenue $471,067 $476,348 0.0%
Expenses $334,769 $293,592 +0.1%
Net Income $136,298 $182,756 -0.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
25

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN BISSONNETTE PRESIDENT 005.00
Officer Director
$0 $0 $0
GEOFFREY NICKERSON VICE PRESIDENT 005.00
Officer Director
$0 $0 $0
LISA ZMUDA SECRETARY 005.00
Officer Director
$0 $0 $0
BARBARA MITCHELL TREASURER 005.00
Officer Director
$0 $0 $0
JEANNE ANTONUCCI DIRECTOR 001.00
Director
$0 $0 $0
ALAN KAZARIAN DIRECTOR 001.00
Director
$0 $0 $0
SUSAN NETTO DIRECTOR 001.00
Director
$0 $0 $0
NANCY PORTER DIRECTOR 001.00
Director
$0 $0 $0
TRACEY CRAGO DIRECTOR 001.00
Director
$0 $0 $0
HENRY ST JULIEN DIRECTOR 001.00
Director
$0 $0 $0
STEPHANIE ANDRADE DIRECTOR 001.00
Director
$0 $0 $0
STEPHANIE MCDOWELL DIRECTOR 001.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2026 $471,067 $334,769 $4,752,828 $136,298
2025 $476,348 $293,592 $4,433,165 $182,756
2024 $362,293 $218,083 $4,106,157 $144,210
2023 $758,247 $225,720 $3,556,298 $532,527
2022 $342,313 $214,220 $3,366,009 $128,093
2021 $258,219 $201,967 $3,298,192 $56,252
2020 $282,602 $199,963 $2,975,576 $82,639
2019 $268,766 $183,570 $2,822,605 $85,196
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