Civic Intelligence

Oak Point Homeowners Scholarship Funds Inc

EIN 85-3931003 • 501(c)3 • Middleboro, MA

Profile

Our 55+ community raises funds through events held on premises to provide scholarships and tool ships to Middleboro students graduating from Middleboro High School and Bristol Plymouth Regional Technical School.

200 Oak Point DriveMiddleboro, MA 02346

facebook.com/groups/1363061787201706

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

90th percentile

51%

Higher net margin than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

85th percentile

46%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

86%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$159,705

Up $50,570 (+46%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$159,705

Up $50,570 (+46%) from 2023

Revenue

Up

$99,744

Up $46,098 (+86%) from 2023

Expenses

Up

$49,174

Up $21,967 (+81%) from 2023

Net Income

Up

$50,570

Up $24,131 (+91%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2022: $82,696Liabilities 2022: $0Net Assets 2022: $82,6962022Assets 2023: $109,135Liabilities 2023: $0Net Assets 2023: $109,1352023Assets 2024: $159,705Liabilities 2024: $0Net Assets 2024: $159,7052024

Highlighted filing

2024

Assets$159,705
Liabilities$0
Net Assets$159,705

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0Revenue 2022: $52,964Expenses 2022: $25,635Net Income 2022: $27,3292022Revenue 2023: $53,646Expenses 2023: $27,207Net Income 2023: $26,4392023Revenue 2024: $99,744Expenses 2024: $49,174Net Income 2024: $50,5702024

Highlighted filing

2024

Revenue$99,744
Expenses$49,174
Net Income$50,570

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$104,304
Mission and Program Overview

Mission

Our 55+ community raises funds through events held on premises to provide scholarships and tool ships to Middleboro students graduating from Middleboro High School and Bristol Plymouth Regional Technical School.

Program Services

DescriptionGrantsExpenses
Three Class of 2023 scholarship recipients attended Bridgewater State University in Bridgewater, Massachusetts. Two scholarships were in the amount of $2,500 and one was in the amount of $1,500. The monies were remitted to the student account once the first semester transcript was received.$6,500$6,500
Two Class of 2023 scholarship recipients attended Wake Forest University in Winston-Salem, N Carolina. Each scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$6,000$6,000
Two Class of 2023 scholarship recipients attended SUNY Buffalo State University in Buffalo, NY. Each scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$6,000$6,000
Two Class of 2023 scholarship recipients attended University of New England in Biddeford, Maine. Each scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$6,000$6,000
One Class of 2023 scholarship recipients attended American International College in Springfield, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$3,000$3,000
One Class of 2023 scholarship recipient attended Bunker Hill Community College in Charlestown, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$3,000$3,000
One Class of 2023 scholarship recipient attended Boise State University in Boise, Idaho. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$3,000$3,000
One Class of 2023 scholarship recipient attended Wentworth Institute of Technology in Boston, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$3,000$3,000
One Class of 2023 scholarship recipient attended Worcester Polytech University in Worcester, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$3,000$3,000
One Class of 2023 scholarship recipient attended Worcester State University in Worcester, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$3,000$3,000
One Class of 2023 scholarship recipient attended Mass Maritime University in Bourne, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.$3,000$3,000
One Class of 2023 scholarship recipient attended Curry College in Milton, Massachusetts. The scholarship was in the amount of $2,500.The monies were remitted to the student account once the first semester transcript was received.$2,500$2,500
One Class of 2024 tool ship recipient submitted post high school tool receipts through the vocational director at Bristol Plymouth Regional Technical School in Taunton, Massachusetts. The tool ship was in the amount of $1,000.The monies were remitted to the graduate once the submitted receipts were properly verified.$1,000$1,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John BurbagePresidentPT$0--
Cathleen ShachoySecretaryPT$0--
Linda LorussoTreasurerPT$0--
David LittleVice PresidentPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fabulous Fall Yard Sale$41,659$41,659$1,760$39,899
Total Events$41,659$41,659$2,305$39,354
Filing and Contact Details

Filer

Filer Name
Oak Point Homeowners Scholarship Funds Inc
EIN
85-3931003
Phone
7742139968
Address
200 Oak Point Drive, Middleboro, MA 02346

Signing Officer

Name
John Burbage
Title
President
Phone
7742139968
Signed
2025-05-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

These amounts are for claimed scholarships and tool ships disbursed per our charter for the Middleborough, MA Classes of 2023 and 2024 (one tool ship). Awards are announced for the following Class year after our annual meeting each October. Students attend college in the Fall and submit their transcripts in December and January. The awards are paid directly to the schools for scholarship awards, and directly to the student once receipts are received for their tool ship purchases.

Form 990-EZ, Part II, Line 26

We endeavor to be a zero sum entity. That is we do not incur liabilities other than what we have committed to given graduating class. We hold an annual meeting each year after our October Yard Sale. At that point we look at our bank account, subtract what has been committed but unclaimed by the prior class year, and all remaining funds are committed to the following graduating class year.

Raw XML Appendix232 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Vice President
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Two Class of 2023 scholarship recipients attended SUNY Buffalo State University in Buffalo, NY. Each scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Three Class of 2023 scholarship recipients attended Bridgewater State University in Bridgewater, Massachusetts. Two scholarships were in the amount of $2,500 and one was in the amount of $1,500. The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3Two Class of 2023 scholarship recipients attended University of New England in Biddeford, Maine. Each scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt4One Class of 2023 scholarship recipients attended American International College in Springfield, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt5One Class of 2023 scholarship recipient attended Bunker Hill Community College in Charlestown, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt6One Class of 2023 scholarship recipient attended Boise State University in Boise, Idaho. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt7One Class of 2023 scholarship recipient attended Wentworth Institute of Technology in Boston, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt8One Class of 2023 scholarship recipient attended Worcester Polytech University in Worcester, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt9One Class of 2023 scholarship recipient attended Worcester State University in Worcester, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt10One Class of 2023 scholarship recipient attended Mass Maritime University in Bourne, Massachusetts. The scholarship was in the amount of $3,000.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt11One Class of 2023 scholarship recipient attended Curry College in Milton, Massachusetts. The scholarship was in the amount of $2,500.The monies were remitted to the student account once the first semester transcript was received.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt12One Class of 2024 tool ship recipient submitted post high school tool receipts through the vocational director at Bristol Plymouth Regional Technical School in Taunton, Massachusetts. The tool ship was in the amount of $1,000.The monies were remitted to the graduate once the submitted receipts were properly verified.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0In addition to the general scholarships and tool ships created each year from our community charity's fundraising activities we have individuals who will donate for example $2,500 to create a scholarship in memory of a loved one. Our organization will match $500 to the donation to set the scholarship amount.
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fabulous Fall Yard Sale
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0These amounts are for claimed scholarships and tool ships disbursed per our charter for the Middleborough, MA Classes of 2023 and 2024 (one tool ship). Awards are announced for the following Class year after our annual meeting each October. Students attend college in the Fall and submit their transcripts in December and January. The awards are paid directly to the schools for scholarship awards, and directly to the student once receipts are received for their tool ship purchases.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We endeavor to be a zero sum entity. That is we do not incur liabilities other than what we have committed to given graduating class. We hold an annual meeting each year after our October Yard Sale. At that point we look at our bank account, subtract what has been committed but unclaimed by the prior class year, and all remaining funds are committed to the following graduating class year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0John Burbage
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07742139968
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OAK POINT HOMEOWNERS SCHOLARSHIP FUNDS INC
ReturnHeader/Filer/BusinessNameControlTxt0OAKP
ReturnHeader/Filer/EIN0853931003
ReturnHeader/Filer/PhoneNum07742139968
ReturnHeader/Filer/USAddress/AddressLine1Txt0200 Oak Point Drive
ReturnHeader/Filer/USAddress/CityNm0Middleboro
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002346
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-15T22:45:56-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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