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Nonprofit · EIN 16-1482049

ILIO DIPAOLO SCHOLARSHIP FUND INC

Tax-exempt · BLASDELL, NY 14219

Financials

$247K$209K2023$243K$239K2024$236K$196K2025
Revenue Expenses · by fiscal year end
Financials of ILIO DIPAOLO SCHOLARSHIP FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$235,943$195,556$40,387$491,747$0$491,747
December 31, 2024990$243,448$238,527$4,921$457,271$0$457,271
December 31, 2023990$246,627$209,385$37,242$460,868$0$460,868
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$208,545
Program service revenue
$0
Investment income
$27,398
Net gain from sales of assets
$16,689
Other revenue
$0

Expenses

Grants and similar amounts paid
$58,073
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$58,073
Management and general (functional)
$24,048

Balance sheet and other

Total assets, start of year
$457,271
Total assets, end of year
$491,747
Total liabilities, end of year
$0
Net assets, end of year
$491,747
Publicly traded securities
$463,304
Gross receipts
$289,172
Employees
0
Year formed
2001
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
BUD CARPENTERPRESIDENT
Trustee or director, Officer
10$0
ILIO D DIPAOLOV. PRESIDENT
Trustee or director, Officer
10$0
DENNIS DIPAOLOSECRETARY
Trustee or director, Officer
10$0
990 for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
BUD CARPENTERPRESIDENT
Trustee or director, Officer
10$0
ILIO D DIPAOLOV. PRESIDENT
Trustee or director, Officer
10$0
DENNIS DIPAOLOSECRETARY
Trustee or director, Officer
10$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
BUD CARPENTERPRESIDENT
Trustee or director, Officer
10$0
ILIO D DIPAOLOV. PRESIDENT
Trustee or director, Officer
10$0
DENNIS DIPAOLOSECRETARY
Trustee or director, Officer
10$0

Address and contacts

Address (IRS master file)
3785 S PARK AVE, BLASDELL, NY 14219-1806
In care of
% MARK ELLMAN
Principal officer (990 for 2025)
DENNIS DIPAOLO, 11 PINEGROVE PARK, HAMBURG, NY 14075
Signed the 990
DENNIS DIPAOLO, SECRETARY
Phone
(716) 825-3675
Return prepared by
MARK ELLMANN CPA

Mission

TO GIVE DESERVING STUDENT ATHLETES SCHOLARSHIPS AND DONATIONS TO FURTHER THEIR COLLEGE CAREERS

990 for the year ended December 31, 2025

Program accomplishments

  • SCHOLARSHIPS AND DONATIONS GIVEN TO AREA STUDENTS, HIGH SCHOOLS, COLLEGES AND ORGANIZATIONS
    Expenses $58,073 · revenue $235,943

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
16-1482049
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$491,747
Income (IRS master file)
$289,172

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$235,943$195,556$491,747IRS
990December 2024$243,448$238,527$457,271IRS
990December 2023$246,627$209,385$460,868XML
990December 2022$264,734$284,872$387,952IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1482049).

Questions about ILIO DIPAOLO SCHOLARSHIP FUND INC

What is the EIN of ILIO DIPAOLO SCHOLARSHIP FUND INC?
The employer identification number (EIN) of ILIO DIPAOLO SCHOLARSHIP FUND INC is 16-1482049.
Is ILIO DIPAOLO SCHOLARSHIP FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to ILIO DIPAOLO SCHOLARSHIP FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ILIO DIPAOLO SCHOLARSHIP FUND INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ILIO DIPAOLO SCHOLARSHIP FUND INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ILIO DIPAOLO SCHOLARSHIP FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of ILIO DIPAOLO SCHOLARSHIP FUND INC?
The 990 for the year ended December 31, 2025 names DENNIS DIPAOLO.
Who are the officers and directors of ILIO DIPAOLO SCHOLARSHIP FUND INC?
The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does ILIO DIPAOLO SCHOLARSHIP FUND INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $235,943, expenses of $195,556 and total assets of $491,747 at year end.

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