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Nonprofit · EIN 20-2574848

NACM SCHOLARSHIP FOUNDATION INC

Tax-exempt · COLUMBIA, MD 21045

Financials

$38K$54K2023$77K$53K2024
Revenue Expenses · by fiscal year end
Financials of NACM SCHOLARSHIP FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$77,423$52,539$24,884$531,922$0$531,922
December 31, 2023990$38,260$53,687-$15,427$507,377$2,500$504,877
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$68,584
Program service revenue
$0
Investment income
$7,134
Net income from fundraising events
$1,705
Other revenue
$1,705

Expenses

Grants and similar amounts paid
$46,801
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$49,750
Management and general (functional)
$2,789

Balance sheet and other

Total assets, start of year
$507,377
Total assets, end of year
$531,922
Total liabilities, end of year
$0
Net assets, end of year
$531,922
Publicly traded securities
$404,146
Net assets without donor restrictions
$531,922
Gross receipts
$77,653
Employees
0
Volunteers
0
Year formed
2005
State of legal domicile
MD

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, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ROBIN SCHAUSEILPRESIDENT
Officer
1$0$178,872$39,005
YONG KIMCFO
Officer
1$0$155,752$37,989
DEANNA LEAHY CCECHAIR
Trustee or director
1$0$0$0
JOANN MALZ CCE ICCECHAIR-ELECT
Trustee or director
1$0$0$0
BRETT HANFT CBATRUSTEE
Trustee or director
1$0$0$0
ROXANNE PRICE CCE CCRATRUSTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ROBIN SCHAUSELLPRESIDENT
Officer
1$0$128,678$18,945
YONG KIMCFO
Officer
1$0$122,121$18,858
DARRELL HORTON ICCECHAIR
Trustee or director
1$0$0$0
DEANNA LEAHY CCECHAIR-ELECT
Trustee or director
1$0$0$0
BRETT HANFT CBATRUSTEE
Trustee or director
1$0$0$0
JOANN MALZ CCE ICCETRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
8840 COLUMBIA 100 PARKWAY, COLUMBIA, MD 21045-2100
In care of
% ROBIN SCHAUSEIL
Principal officer (990 for 2024)
ROBIN SCHAUSEIL, 8840 COLUMBIA 100 PARKWAY, COLUMBIA, MD 21045
Signed the 990
ROBIN SCHAUSEIL, PRESIDENT
Phone
(410) 740-5560
Return prepared by
KATZ ABOSCH

Mission

TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS FOR BUSINESS CREDIT PROFESSIONALS.

990 for the year ended December 31, 2024

Program accomplishments

  • SCHOLARSHIP AWARDS
    Expenses $49,750 · grants $46,801

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-2574848
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
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$531,922
Income (IRS master file)
$77,653

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$77,423$52,539$531,922IRS
990December 2023$38,260$53,687$507,377XML
990December 2022$39,200$33,453$502,907IRS
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 20-2574848).

Questions about NACM SCHOLARSHIP FOUNDATION INC

What is the EIN of NACM SCHOLARSHIP FOUNDATION INC?
The employer identification number (EIN) of NACM SCHOLARSHIP FOUNDATION INC is 20-2574848.
Is NACM SCHOLARSHIP FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to NACM SCHOLARSHIP FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NACM SCHOLARSHIP FOUNDATION 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 NACM SCHOLARSHIP FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NACM SCHOLARSHIP FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NACM SCHOLARSHIP FOUNDATION INC?
The 990 for the year ended December 31, 2024 names ROBIN SCHAUSEIL.
Who are the officers and directors of NACM SCHOLARSHIP FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does NACM SCHOLARSHIP FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $77,423, expenses of $52,539 and total assets of $531,922 at year end.

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