Nonprofit · EIN 20-2227646
NORTH CAROLINA EDUCATIONAL SCHOLARSHIP FUND INC
Tax-exempt · PINEHURST, NC 28374
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $181,061 | $128,408 | $52,653 | $250,720 | $0 | $250,720 |
| December 31, 2024 | 990-EZ | $142,655 | $135,518 | $7,137 | $198,067 | $0 | $198,067 |
| December 31, 2023 | 990-EZ | $136,817 | $108,771 | $28,046 | $190,930 | $0 | $190,930 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $164,947
- Membership dues
- $2,470
- Program service revenue
- $0
- Investment income
- $3,102
- Net income from fundraising events
- $13,012
- Other revenue
- $13,012
Expenses
- Grants and similar amounts paid
- $108,504
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,500
- Program services (functional)
- $125,173
- Management and general (functional)
- $3,235
Balance sheet and other
- Total assets, start of year
- $198,067
- Total assets, end of year
- $250,720
- Total liabilities, end of year
- $0
- Net assets, end of year
- $250,720
- Net assets without donor restrictions
- $44,947
- Net assets with donor restrictions
- $205,773
- Gross receipts
- $203,392
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2004
- State of legal domicile
- NC
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER VADEN BARTH | DIRECTOR Trustee or director | 10 | $0 |
| DANA STEPHENSON DIXON | DIRECTOR Trustee or director | 2 | $0 |
| JULIE CAULDE FIELDS ESQ | DIRECTOR Trustee or director | 2.5 | $0 |
| DAKEITA VANDERBURG | DIRECTOR Trustee or director | 0.01 | $0 |
| KAREN BLOOMQUIST ELSON | DIRECTOR Trustee or director | 1 | $0 |
| L MCNEIL CHESTNUT | VP FOR DEVELOPMENT Officer | 15 | $0 |
| DAVID CLEGG | SECRETARY Officer | 1 | $0 |
| C WAYNE HICKS | VP AND TREASURER Officer | 3.25 | $0 |
| MEGHAN PORTER | CHAIR Officer | 3 | $0 |
990-EZ for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| L MCNEIL CHESTNUT | CHAIR TO 10/24, VP SCH FROM 10/24 | 12 | $0 |
| DAVID CLEGG | SECRETARY | 1 | $0 |
| JENNIFER VADEN BARTH | DIRECTOR | 3.25 | $0 |
| C WAYNE HICKS | VICE PRES AND TREASURER | 3.25 | $0 |
| DANA STEPHENSON DIXON | DIRECTOR | 2 | $0 |
| JULIE CAULDE FIELDS ESQ | DIRECTOR | 2.5 | $0 |
| DAKEITA VANDERBURG | DIRECTOR | 0.01 | $0 |
| MEGHAN PORTER | DIRECTOR, CHAIR FROM 10/24 | 1 | $0 |
| KAREN BLOOMQUIST ELSON | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| L MCNEIL CHESTNUT | PRESIDENT & CHAIRMAN | 0 | $0 |
| DAVID CLEGG | DIRECTOR/SECRETARY | 0 | $0 |
| JENNIFER VADEN BARTH | DIRECTOR | 0 | $0 |
| C WAYNE HICKS | VICE PRES, TREASURER | 0 | $0 |
| DANA STEPHENSON DIXON | DIRECTOR | 0 | $0 |
| JULIE CAULDE FIELDS ESQ | DIRECTOR | 0 | $0 |
| DAKEITA VANDERBURG | DIRECTOR | 0 | $0 |
| MEGAN PORTER | DIRECTOR | 0 | $0 |
| KAREN BLOOMQUIST ELSON | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5263, PINEHURST, NC 28374-5263
- In care of
- % BETH KNOX
- Mailing address (990-N for 2014)
- PO Box 17205, Raleigh NC 27619
- Principal officer (990 for 2025)
- L MCNEIL CHESTNUT, P O BOX 5263, PINEHURST, NC 28374
- Principal officer (990-N for 2014)
- Beth Knox, PO Box 17205, Raleigh NC 27619
- Signed the 990
- L MCNEIL CHESTNUT, VP SCHOLARSHIPS
- Phone
- (919) 846-6973
- Return prepared by
- NORTON COLLAR LUND LILLEY PLLC
Mission
TO FUND ACADEMIC SCHOLARSHIPS FOR THE YOUNG PEOPLE IN THE STATE OF NORTH CAROLINA TO PURSUE POST-SECONDARY EDUCATION TRADE AND TECHNICAL STUDIES, UNDERGRADUATE STUDIES AND GRADUATE STUDIES.
Program accomplishments
- TO FUND ACADEMIC SCHOLARSHIPS FOR THE YOUNG PEOPLE IN THE STATE OF NORTH CAROLINA TO PURSUE POST-SECONDARY EDUCATION TRADE AND TECHNICAL STUDIES, UNDERGRADUATE STUDIES AND GRADUATE STUDIES.Expenses $125,173 · grants $108,504
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-2227646
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Assets (IRS master file)
- $250,720
- Income (IRS master file)
- $203,392
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $181,061 | $128,408 | $250,720 | XML |
| 990-EZ | December 2024 | $142,655 | $135,518 | $198,067 | XML |
| 990-EZ | December 2023 | $136,817 | $108,771 | $190,930 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Beth Knox | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-2227646).
Questions about NORTH CAROLINA EDUCATIONAL SCHOLARSHIP FUND INC
- What is the EIN of NORTH CAROLINA EDUCATIONAL SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of NORTH CAROLINA EDUCATIONAL SCHOLARSHIP FUND INC is 20-2227646.
- Is NORTH CAROLINA EDUCATIONAL SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to NORTH CAROLINA EDUCATIONAL SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA EDUCATIONAL 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 NORTH CAROLINA EDUCATIONAL 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 NORTH CAROLINA EDUCATIONAL 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 NORTH CAROLINA EDUCATIONAL SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2025 names L MCNEIL CHESTNUT.
- Who are the officers and directors of NORTH CAROLINA EDUCATIONAL SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does NORTH CAROLINA EDUCATIONAL SCHOLARSHIP FUND INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $181,061, expenses of $128,408 and total assets of $250,720 at year end.
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