Nonprofit · EIN 22-6047818
MONTCLAIR SCHOLARSHIP FUND INC
Tax-exempt · MONTCLAIR, NJ 07042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $497,783 | $375,377 | $122,406 | $1,489,946 | $0 | $1,489,946 |
| August 31, 2024 | 990 | $433,642 | $395,359 | $38,283 | $1,331,916 | $0 | $1,331,916 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $391,991
- Program service revenue
- $0
- Investment income
- $105,792
- Net gain from sales of assets
- $61,040
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $351,700
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,800
- Program services (functional)
- $353,950
- Management and general (functional)
- $19,177
- Fundraising (functional)
- $2,250
Balance sheet and other
- Total assets, start of year
- $1,331,916
- Total assets, end of year
- $1,489,946
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,489,946
- Publicly traded securities
- $1,384,558
- Net assets without donor restrictions
- $1,489,946
- Gross receipts
- $1,603,242
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1957
- State of legal domicile
- NJ
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Leeta Jordan | Co-President Trustee or director, Officer | 5 | $0 |
| Mimi Wrede | Co-President Trustee or director, Officer | 5 | $0 |
| Gerald A Fasanella | Treasurer Trustee or director, Officer | 5 | $0 |
| Sue Young | Secretary Trustee or director, Officer | 2 | $0 |
| Celia Radek | Trustee Trustee or director | 5 | $0 |
| Shari Fox | Trustee Trustee or director | 2 | $0 |
| Lisa Prince | Trustee Trustee or director | 1 | $0 |
| Rhonda Heath | Trustee Trustee or director | 1 | $0 |
| Carita Zimmerman | Trustee Trustee or director | 1 | $0 |
| Barbara Litwinka | Trustee Trustee or director | 5 | $0 |
| Melissa Moore | Trustee Trustee or director | 1 | $0 |
| Enid Melville | Trustee Trustee or director | 5 | $0 |
| Kimberly Williams | Trustee Trustee or director | 1 | $0 |
| Carol Schlein | Trustee Trustee or director | 1 | $0 |
| Sharon Burton Turner | Trstee Emeritus Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Claire Walls | Trstee Emeritus Trustee or director | 1 | $0 |
| Cynthia Treene | Trstee Emeritus Trustee or director | 1 | $0 |
| Ruth B Turner | Trustee Trustee or director | 1 | $0 |
| Monk Inyang | Trustee Trustee or director | 1 | $0 |
| Jeffrey Freeman | Trustee Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Leeta Jordan | Co-President Trustee or director, Officer | 5 | $0 |
| Mimi Wrede | Co-President Trustee or director, Officer | 5 | $0 |
| Gerald A Fasanella | Treasurer Trustee or director, Officer | 5 | $0 |
| Sue Young | Secretary Trustee or director, Officer | 2 | $0 |
| Celia Radek | Trustee Trustee or director | 5 | $0 |
| Shari Fox | Trustee Trustee or director | 2 | $0 |
| Lisa Prince | Trustee Trustee or director | 1 | $0 |
| Rhonda Heath | Trustee Trustee or director | 1 | $0 |
| Carita Zimmerman | Trustee Trustee or director | 1 | $0 |
| Barbara Litwinka | Trustee Trustee or director | 5 | $0 |
| Melissa Moore | Trustee Trustee or director | 1 | $0 |
| Enid Melville | Trustee Trustee or director | 5 | $0 |
| Kimberly Williams | Trustee Trustee or director | 1 | $0 |
| Carol Schlein | Trustee Trustee or director | 1 | $0 |
| Sharon Burton Turner | Trstee Emeritus Trustee or director | 1 | $0 |
| Claire Walls | Trstee Emeritus Trustee or director | 1 | $0 |
| Cynthia Treene | Trstee Emeritus Trustee or director | 1 | $0 |
| Damen Cooper | Trustee Trustee or director | 1 | $0 |
| Monk Inyang | Trustee Trustee or director | 1 | $0 |
| Jeffrey Freeman | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 100 CHESTNUT ST, MONTCLAIR, NJ 07042-2908
- Signed the 990
- Gerald A Fasanella, Treasurer
- Return prepared by
- MAUREEN A LEIDL CPA
Mission
The organization awards college scholarships to college-bound High School seniors with financial need.
Program accomplishments
- The orgainization awards scholarships for college tuition, books and supplies to college-bound High School seniors with financial need.Expenses $353,950
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 22-6047818
- 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
- 2016
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $1,489,946
- Income (IRS master file)
- $1,603,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $497,783 | $375,377 | $1,489,946 | XML |
| 990 | August 2024 | $433,642 | $395,359 | $1,331,916 | XML |
| 990 | August 2023 | $611,429 | $399,484 | $1,145,924 | IRS |
| 990 | August 2022 | $383,333 | $486,866 | $874,691 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 22-6047818).
Questions about MONTCLAIR SCHOLARSHIP FUND INC
- What is the EIN of MONTCLAIR SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of MONTCLAIR SCHOLARSHIP FUND INC is 22-6047818.
- Is MONTCLAIR SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to MONTCLAIR SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTCLAIR 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 MONTCLAIR SCHOLARSHIP FUND INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTCLAIR SCHOLARSHIP FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who are the officers and directors of MONTCLAIR SCHOLARSHIP FUND INC?
- The 990 for the year ended August 31, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does MONTCLAIR SCHOLARSHIP FUND INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $497,783, expenses of $375,377 and total assets of $1,489,946 at year end.
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