Nonprofit · EIN 23-7153983
COLUMBUS W THORN JR FOUNDATION
Also known as SCOTT CHARLES & DORIS SCOTT TTEES
Tax-exempt · ELKTON, MD 21921
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,966,382 | $491,545 | $1,474,837 | $35,947,575 | $0 | $35,947,575 |
| December 31, 2023 | 990-PF | $1,027,130 | $629,182 | $397,948 | $34,582,549 | $0 | $34,582,549 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $658,080
- Interest
- $8,800
- Net gain from sales of assets
- $1,124,588
- Other income
- $174,914
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $220,836
- Salaries, compensation and benefits (total)
- $18,190
- Disbursements for charitable purposes
- $217,036
- Excise tax on investment income
- $23,360
Balance sheet and other
- Total assets, start of year
- $34,582,549
- Total assets, end of year
- $35,947,575
- Total liabilities, end of year
- $0
- Net assets, end of year
- $35,947,575
- Fair market value of assets
- $46,682,357
- Qualifying distributions
- $2,134,486
- Net investment income
- $1,939,058
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES L SCOTT JR 109 EAST MAIN STREET, ELKTON, MD 21921 | TRUSTEE & MANAGER | 30 | $220,836 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES L SCOTT JR 109 EAST MAIN STREET, ELKTON, MD 21921 | TRUSTEE & MANAGER | 30 | $204,512 |
Address and contacts
- Address (IRS master file)
- 109 EAST MAIN STREET, ELKTON, MD 21921-5979
- Signed the 990-PF
- CHARLES L SCOTT JR, TRUSTEE
- Phone
- (410) 398-0611
- Return prepared by
- BALSAMO LUTTERS RENNA & ROSENSTEEL PA
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 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7153983
- 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
- 1973
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $35,947,575
- Income (IRS master file)
- $9,113,920
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,966,382 | $491,545 | $35,947,575 | XML |
| 990-PF | December 2023 | $1,027,130 | $629,182 | $34,582,549 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 23-7153983).
Questions about COLUMBUS W THORN JR FOUNDATION
- What is the EIN of COLUMBUS W THORN JR FOUNDATION?
- The employer identification number (EIN) of COLUMBUS W THORN JR FOUNDATION is 23-7153983.
- Is COLUMBUS W THORN JR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to COLUMBUS W THORN JR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does COLUMBUS W THORN JR FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of COLUMBUS W THORN JR FOUNDATION 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 COLUMBUS W THORN JR FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of COLUMBUS W THORN JR FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $220,836 (CHARLES L SCOTT JR, TRUSTEE & MANAGER).
- How much revenue does COLUMBUS W THORN JR FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,966,382, expenses of $491,545 and total assets of $35,947,575 at year end.
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