Nonprofit · EIN 23-7170170
EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB
Tax-exempt · BIRMINGHAM, AL 35253
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $167,249 | $63,601 | $103,648 | $2,664,370 | $0 | $2,664,370 |
| December 31, 2023 | 990 | $217,808 | $78,276 | $139,532 | $2,345,083 | $0 | $2,345,083 |
| December 31, 2022 | 990 | $135,203 | $66,934 | $68,269 | $1,897,821 | $0 | $1,897,821 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,163
- Program service revenue
- $0
- Investment income
- $153,086
- Net gain from sales of assets
- $73,204
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $61,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,500
- Program services (functional)
- $61,620
- Management and general (functional)
- $1,981
Balance sheet and other
- Total assets, start of year
- $2,345,083
- Total assets, end of year
- $2,664,370
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,664,370
- Publicly traded securities
- $2,538,936
- Net assets without donor restrictions
- $2,664,370
- Gross receipts
- $948,565
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1971
- State of legal domicile
- AL
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 |
|---|---|---|---|
| JOHN FEAGIN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| LINDSY GARDNER | ACTING SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL GROSS | TREASURER Trustee or director, Officer | 3 | $0 |
| CARTER ANTHONY | INVESTMENT MANAGER Trustee or director, Officer | 1 | $0 |
| FRED ROGERS | CHAIR FINANCE COMMITTEE Trustee or director, Officer | 1 | $0 |
| CAROL ARGO | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN BEARD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CECIL BOSTANY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| STEVEN COLEMAN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DEAN DRINKARD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN BO PORTER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PAUL SHARBEL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| KEITH SIDES | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JON LEWIS | EX OFFICIO Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN FEAGIN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| LINDSY GARDNER | ACTING SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL GROSS | TREASURER Trustee or director, Officer | 3 | $0 |
| CARTER ANTHONY | INVESTMENT MANAGER Trustee or director, Officer | 1 | $0 |
| FRED ROGERS | CHAIR FINANCE COMMITTEE Trustee or director, Officer | 1 | $0 |
| CAROL ARGO | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN BEARD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| CECIL BOSTANY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| STEVEN COLEMAN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DEAN DRINKARD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN BO PORTER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| PAUL SHARBEL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| KEITH SIDES | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JON LEWIS | EX OFFICIO Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2022: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Sharbel | Director Trustee or director | 0.5 | $0 |
| Cecil Bostany | Director Trustee or director | 0.5 | $0 |
| Steve Coleman | Director Trustee or director | 0.5 | $0 |
| Susan Brouillette | Director Trustee or director | 0.5 | $0 |
| John Porter | Director Trustee or director | 0.5 | $0 |
| Carol Argo | Director Trustee or director | 0.5 | $0 |
| Gene Sellers | Director Trustee or director | 0.5 | $0 |
| Keith Sides | Director Trustee or director | 0.5 | $0 |
| John Beard | Director Trustee or director | 0.5 | $0 |
| Carter Anthony | Director Trustee or director | 0.5 | $0 |
| Bonnie Richards | Director Trustee or director | 0.5 | $0 |
| William Veal | Director Trustee or director | 0.5 | $0 |
| Fred Rogers | Director Trustee or director | 0.5 | $0 |
| Walter Clark | Director Trustee or director | 0.5 | $0 |
| Dean Drinkard | Director Trustee or director | 0.5 | $0 |
| John Feagin | President Officer | 1 | $0 |
| Robert Kracke | Secretary Officer | 1 | $0 |
| Michael Gross | Treasurer Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 530701, BIRMINGHAM, AL 35253-0701
- Principal officer (990 for 2024)
- MICHAEL GROSS, PO BOX 530701, BIRMINGHAM, AL 352530701
- Signed the 990
- MICHAEL GROSS, TREASURER
- Phone
- (205) 822-0696
- Return prepared by
- HALEY & WOODS LLP
Mission
TO PROMOTE POST-SECONDARY EDUCATION THROUGH THE AWARDING OF SCHOLARSHIPS TO QUALIFIED STUDENTS.
Program accomplishments
- 14 SCHOLARSHIPS AWARDED TO COLLEGE STUDENTS.Expenses $61,620 · grants $61,000
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
- 23-7170170
- 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
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $2,664,370
- Income (IRS master file)
- $948,565
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $167,249 | $63,601 | $2,664,370 | XML |
| 990 | December 2023 | $217,808 | $78,276 | $2,345,083 | XML |
| 990 | December 2022 | $135,203 | $66,934 | $1,897,821 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 23-7170170).
Questions about EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB
- What is the EIN of EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB?
- The employer identification number (EIN) of EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB is 23-7170170.
- Is EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB 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 EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB 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 EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB 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 EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB?
- The 990 for the year ended December 31, 2024 names MICHAEL GROSS.
- Who are the officers and directors of EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does EDUCATIONAL FOUNDATION OF THE SHADES VALLEY ROTARY CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $167,249, expenses of $63,601 and total assets of $2,664,370 at year end.
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