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Nonprofit · EIN 22-6966261

WILLIAM MCGRATH SCHOLARSHIP TR

Also known as BORBI LOUIS ET AL TTEE

Tax-exempt · RIDGELAND, SC 29936

Financials

$12K$50K2023$40K$38K2024$193K$53K2025
Revenue Expenses · by fiscal year end
Financials of WILLIAM MCGRATH SCHOLARSHIP TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$193,316$53,312$140,004$942,322$40,000$902,322
December 31, 2024990-PF$40,070$38,110$1,960$772,765$40,000$732,765
December 31, 2023990-PF$11,716$49,704-$37,988$753,574$40,000$713,574
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$30,254
Net gain from sales of assets
$163,062

Expenses

Grants and similar amounts paid
$47,500
Disbursements for charitable purposes
$47,500
Excise tax on investment income
$2,612

Balance sheet and other

Total assets, start of year
$772,765
Total assets, end of year
$942,322
Total liabilities, end of year
$40,000
Net assets, end of year
$902,322
Fair market value of assets
$942,322
Qualifying distributions
$47,500
Net investment income
$193,316

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
Talaya T Loftin
1005 West Fourth Street, Florence, NJ 08518
Trustee1$0
Alisa Theurer
870 Tillman Road, Ridgeland, SC 29936
Trustee1$0
Mark Theurer
870 Tillman Road, Ridgeland, SC 29936
Trustee1$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
Talaya T Loftin
1005 West Fourth Street, Florence, NJ 08518
Trustee1$0
Alisa Theurer
870 Tillman Road, Ridgeland, SC 29936
Trustee1$0
Mark Theurer
870 Tillman Road, Ridgeland, SC 29936
Trustee1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Talaya T Loftin
1005 West Fourth Street, Florence, NJ 08518
Trustee1$0
Alisa Theurer
870 Tillman Road, Ridgeland, SC 29936
Trustee1$0
Mark Theurer
870 Tillman Road, Ridgeland, SC 29936
Trustee1$0

Address and contacts

Address (IRS master file)
1054 GREAT SWAMP RD, RIDGELAND, SC 29936-6242
In care of
% ALISA THEURER
Signed the 990-PF
Alisa Theurer, Trustee
Return prepared by
Donald J Cammus EA

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
22-6966261
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
2006
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Education (B82)
Assets (IRS master file)
$942,322
Income (IRS master file)
$193,366

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$193,316$53,312$942,322XML
990-PFDecember 2024$40,070$38,110$772,765XML
990-PFDecember 2023$11,716$49,704$753,574XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 22-6966261).

Questions about WILLIAM MCGRATH SCHOLARSHIP TR

What is the EIN of WILLIAM MCGRATH SCHOLARSHIP TR?
The employer identification number (EIN) of WILLIAM MCGRATH SCHOLARSHIP TR is 22-6966261.
Is WILLIAM MCGRATH SCHOLARSHIP TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to WILLIAM MCGRATH SCHOLARSHIP TR tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does WILLIAM MCGRATH SCHOLARSHIP TR file?
Form 990-PF. Private foundations file every year.
When is the next return of WILLIAM MCGRATH SCHOLARSHIP TR 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 WILLIAM MCGRATH SCHOLARSHIP TR 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 WILLIAM MCGRATH SCHOLARSHIP TR?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does WILLIAM MCGRATH SCHOLARSHIP TR have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $193,316, expenses of $53,312 and total assets of $942,322 at year end.

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