Nonprofit · EIN 20-2749954
SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC
Tax-exempt · WINSTON SALEM, NC 27106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $389,382 | $332,704 | $56,678 | $6,922,674 | $300,000 | $6,622,674 |
| December 31, 2023 | 990 | $371,127 | $331,348 | $39,779 | $6,607,489 | $300,000 | $6,307,489 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $389,382
- Net gain from sales of assets
- $217,318
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $300,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $300,000
- Management and general (functional)
- $32,704
Balance sheet and other
- Total assets, start of year
- $6,607,489
- Total assets, end of year
- $6,922,674
- Total liabilities, end of year
- $300,000
- Net assets, end of year
- $6,622,674
- Publicly traded securities
- $6,628,838
- Gross receipts
- $2,131,335
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2005
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH W VAUGHAN | DIRECTOR, PRESIDENT/BOARD CHAIR Trustee or director, Officer | 0.5 | $0 |
| G EUGENE BOYCE | DIRECTOR, VICE PRESIDENT/BOARD VICE CHAIR Trustee or director, Officer | 1.5 | $0 |
| W DAVID EDWARDS | DIRECTOR, SECRETARY, TREASURER Trustee or director, Officer | 2.5 | $0 |
| ARCH T ALLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| WANDA G BRYANT | DIRECTOR Trustee or director | 0.5 | $0 |
| C COLON WILLOUGHBY JR | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN C MARTIN | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH W VAUGHAN | DIRECTOR, VICE PRESIDENT/BOARD VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| G EUGENE BOYCE | DIRECTOR, PRESIDENT/BOARD CHAIR Trustee or director, Officer | 1.2 | $0 |
| W DAVID EDWARDS | DIRECTOR, SECRETARY, TREASURER Trustee or director, Officer | 2.5 | $0 |
| ARCH T ALLEN | DIRECTOR Trustee or director | 0.5 | $0 |
| WANDA G BRYANT | DIRECTOR Trustee or director | 0.5 | $0 |
| C COLON WILLOUGHBY JR | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN C MARTIN | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- C/O VAUGHAN 4440 BENT TREE FARM RD, WINSTON SALEM, NC 27106-0000
- In care of
- % KEITH VAUGHAN
- Principal officer (990 for 2024)
- Keith Vaughan, 4440 Bent Tree Fartm Road, Winston Salem, NC 27106
- Signed the 990
- William Edwards, Director, Secretary, Treasurer
- Phone
- (336) 413-0695
Mission
TO PROMOTE AND ENCOURAGE EDUCATIONAL OPPORTUNITY AND EXCELLENCE THROUGH SCHOLARSHIPS, BASED PRIMARILY ON NEED, TO NORTH CAROLINA RESIDENTS ATTENDING THE LAW SCHOOLS AT CAMPBELL UNIVERSITY, DUKE UNIVERSITY, NORTH CAROLINA CENTRAL UNIVERSITY, THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL, AND WAKE FOREST UNIVERSITY.
Program accomplishments
- THE SMITH/SHAVER LAW SCHOOL SCHOLARSHIP FUND, INC., THROUGH ITS SUPPORTED ORGANIZATIONS, AWARDED NEW SCHOLARSHIPS TO NORTH CAROLINA RESIDENTS IN THE AMOUNT OF $300,000.00, PAYABLE OVER THREE (3) YEARS OF LAW SCHOOL ($100,000.00 PER ACADEMIC YEAR). DURING 2024, THE SCHOLARSHIP FUND PAID $300,000.00 TOTAL FOR OVER FIFTY (50) STUDENTS ATTENDING THE SUPPORTED LAW SCHOOLS. FOR THE PERIOD 2006-2024, THE SCHOLARSHIP FUND HAS PAID $5,400,000.00 FOR SCHOLARSHIPS TO THE SUPPORTED LAW SCHOOLS.Expenses $300,000 · grants $300,000
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2749954
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $6,922,674
- Income (IRS master file)
- $2,131,335
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $389,382 | $332,704 | $6,922,674 | IRS |
| 990 | December 2023 | $371,127 | $331,348 | $6,607,489 | XML |
| 990 | December 2022 | $548,290 | $331,917 | $6,157,025 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 20-2749954).
Questions about SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC
- What is the EIN of SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC is 20-2749954.
- Is SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SMITH SHAVER LAW SCHOOL 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 SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND 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 SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND 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 SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2024 names Keith Vaughan.
- Who are the officers and directors of SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does SMITH SHAVER LAW SCHOOL SCHOLARSHIP FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $389,382, expenses of $332,704 and total assets of $6,922,674 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Education