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Nonprofit · EIN 16-1530654

LITTS SCHOLARSHIP FUND

Also known as LITTS ROBERT & CLARENCE

Tax-exempt (reinstated) · DENVER, NC 28037

Financials

$5K$6K2023$5K$5K2024$6K$5K2025
Revenue Expenses · by fiscal year end
Financials of LITTS SCHOLARSHIP FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$5,503$4,867$636$175,532$0$175,532
December 31, 2024990-PF$5,461$4,751$710$180,660$0$180,660
December 31, 2023990-PF$5,213$5,705-$492$168,399$0$168,399
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Dividends
$5,456
Interest
$47

Expenses

Grants and similar amounts paid
$4,500
Compensation of officers, directors and key employees
$100
Salaries, compensation and benefits (total)
$0
Disbursements for charitable purposes
$4,867
Excise tax on investment income
$71

Balance sheet and other

Total assets, start of year
$180,660
Total assets, end of year
$175,532
Total liabilities, end of year
$0
Net assets, end of year
$175,532
Fair market value of assets
$175,532
Qualifying distributions
$4,867
Net investment income
$5,503

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-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Debbie Love
2121Whispering Way, Denver, NC 28037
Director1$100
Heather Stam
2121 Whispering Way, Denver, NC 28037, DA
Director1$0
Derek Love
2121 Whispering Way, Denver, NC 28037
Bookkeeper1$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
Debbie Love
2121Whispering Way, Denver, NC 28037
Director1$0
Heather Stam
2121 Whispering Way, Denver, NC 28037, DA
Director1$0
Derek Love
2121 Whispering Way, Denver, NC 28037
Bookkeeper1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Debbie J Love
2121Whispering Way, Denver, NC 28037
Director1$200
Heather E Stam
2121Whispering Way, Denver, NC 28037
Director1$200
Derek S Love
2121Whispering Way, Denver, NC 28037
Bookkeeper1$0

Address and contacts

Address (IRS master file)
2121 WHISPERING WAY, DENVER, NC 28037-9228
In care of
% DEBBIE J LOVE
Signed the 990-PF
Derek Love, Director
Phone
(315) 530-5846

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
16-1530654
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2024
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Education (B82)
Assets (IRS master file)
$175,532
Income (IRS master file)
$5,503

Revocation and reinstatement

Exemption revoked
May 15, 2017
Posted by the IRS
July 18, 2017
Reinstated
Effective May 15, 2017

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$5,503$4,867$175,532XML
990-PFDecember 2024$5,461$4,751$180,660XML
990-PFDecember 2023$5,213$5,705$168,399XML

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 16-1530654).

Questions about LITTS SCHOLARSHIP FUND

What is the EIN of LITTS SCHOLARSHIP FUND?
The employer identification number (EIN) of LITTS SCHOLARSHIP FUND is 16-1530654.
Is LITTS SCHOLARSHIP FUND tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
Are donations to LITTS SCHOLARSHIP FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LITTS SCHOLARSHIP FUND file?
Form 990-PF. Private foundations file every year.
When is the next return of LITTS SCHOLARSHIP FUND 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 LITTS SCHOLARSHIP FUND last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of LITTS SCHOLARSHIP FUND?
The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $100 (Debbie Love, Director).
How much revenue does LITTS SCHOLARSHIP FUND have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $5,503, expenses of $4,867 and total assets of $175,532 at year end.

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