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Nonprofit · EIN 23-7071214

THE SCHOLARSHIP LEGACY FOUNDATION

Tax-exempt · KATONAH, NY 10536

Financials

$140K$160K2022$162K$187K2023$123K$221K2024
Revenue Expenses · by fiscal year end
Financials of THE SCHOLARSHIP LEGACY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990-PF$123,184$221,050-$97,866$1,406,422$0$1,406,422
March 31, 2024990-PF$161,940$186,828-$24,888$1,504,288$0$1,504,288
March 31, 2023990-PF$140,110$159,968-$19,858$1,529,176$0$1,529,176
Financial details: 990-PF for the year ended March 31, 2025

Revenue

Interest
$123,184

Expenses

Grants and similar amounts paid
$209,050
Disbursements for charitable purposes
$209,050
Excise tax on investment income
$1,712

Balance sheet and other

Total assets, start of year
$1,504,288
Total assets, end of year
$1,406,422
Total liabilities, end of year
$0
Net assets, end of year
$1,406,422
Fair market value of assets
$1,406,422
Qualifying distributions
$209,050
Net investment income
$123,184

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 March 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
SHELDON PERL
200 katonah ave, katonah, NY 10536
President & CEO0$0
HOWARD PERL
200 KATONAH AVE, KATONAH, NY 10536
Treasurer0$0
990-PF for the year ended March 31, 2024: 2 people
NameTitleHours / weekCompensation
SHELDON PERL
200 katonah ave, katonah, NY 10536
President & CEO0$0
HOWARD PERL
200 KATONAH AVE, KATONAH, NY 10536
Treasurer0$0
990-PF for the year ended March 31, 2023: 2 people
NameTitleHours / weekCompensation
SHELDON PERL
200 katonah ave, katonah, NY 10536
President & CEO0$0
HOWARD PERL
200 KATONAH AVE, KATONAH, NY 10536
Treasurer0$0

Address and contacts

Address (IRS master file)
292 KATONAH AVE UNIT 837, KATONAH, NY 10536-7042
Signed the 990-PF
SHELDON PERL, President & CEO
Phone
(914) 747-7707
Return prepared by
MATTHEW CRONIN CPA

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990-PF on file
2023March 31, 2024August 15, 2024990-PF on file

IRS record

EIN
23-7071214
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
1970
Accounting year ends
March
Files
Form 990-PF
Assets (IRS master file)
$1,406,422
Income (IRS master file)
$123,184

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFMarch 2025$123,184$221,050$1,406,422IRS
990-PFMarch 2024$161,940$186,828$1,504,288XML
990-PFMarch 2023$140,110$159,968$1,529,176XML
990-PFMarch 2022–––IRS
990-PFMarch 2021–––IRS
990-PFMarch 2019–––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 23-7071214).

Questions about THE SCHOLARSHIP LEGACY FOUNDATION

What is the EIN of THE SCHOLARSHIP LEGACY FOUNDATION?
The employer identification number (EIN) of THE SCHOLARSHIP LEGACY FOUNDATION is 23-7071214.
Is THE SCHOLARSHIP LEGACY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
Are donations to THE SCHOLARSHIP LEGACY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE SCHOLARSHIP LEGACY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE SCHOLARSHIP LEGACY FOUNDATION due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE SCHOLARSHIP LEGACY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended March 2025.
Who are the officers and directors of THE SCHOLARSHIP LEGACY FOUNDATION?
The 990-PF for the year ended March 31, 2025 lists 2 people; 0 received compensation from the organization.
How much revenue does THE SCHOLARSHIP LEGACY FOUNDATION have?
On its 990-PF for the year ended March 31, 2025 it reported revenue of $123,184, expenses of $221,050 and total assets of $1,406,422 at year end.

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