Nonprofit · EIN 26-0579592
SCHARPEN FOUNDATION INC
Tax-exempt · HUTTO, TX 78634
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $117,473 | $629,073 | -$511,600 | $1,594,021 | $2,636 | $1,591,385 |
| December 31, 2023 | 990-PF | $385,513 | $163,537 | $221,976 | $2,102,368 | $1,828 | $2,100,540 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,000
- Dividends
- $97,451
- Interest
- $22
Expenses
- Grants and similar amounts paid
- $589,836
- Disbursements for charitable purposes
- $627,412
- Excise tax on investment income
- $1,355
Balance sheet and other
- Total assets, start of year
- $2,102,368
- Total assets, end of year
- $1,594,021
- Total liabilities, end of year
- $2,636
- Net assets, end of year
- $1,591,385
- Qualifying distributions
- $627,412
- Net investment income
- $97,473
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 |
|---|---|---|---|
| SCOTT SCHARPEN PO BOX 489, HUTTO, TX 78634 | President | 10 | $0 |
| CAROLYN SCHARPEN PO BOX 489, HUTTO, TX 78634 | Director | 10 | $0 |
| STEVE NORRIS 9263 WARDLEY PARK LANE, BRENTWOOD, TN 37027 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT SCHARPEN PO BOX 489, HUTTO, TX 78634 | President | 10 | $0 |
| CAROLYN SCHARPEN PO BOX 489, HUTTO, TX 78634 | Director | 10 | $0 |
| STEVE NORRIS 9263 WARDLEY PARK LANE, BRENTWOOD, TN 37027 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 489, HUTTO, TX 78634-0489
- In care of
- % SCOTT SCHARPEN
- Signed the 990-PF
- SCOTT SCHARPEN, President
- Phone
- (951) 249-4117
- Return prepared by
- MB Tax Professionals Inc
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
- 26-0579592
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,594,021
- Income (IRS master file)
- $117,473
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $117,473 | $629,073 | $1,594,021 | XML |
| 990-PF | December 2023 | $385,513 | $163,537 | $2,102,368 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 26-0579592).
Questions about SCHARPEN FOUNDATION INC
- What is the EIN of SCHARPEN FOUNDATION INC?
- The employer identification number (EIN) of SCHARPEN FOUNDATION INC is 26-0579592.
- Is SCHARPEN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to SCHARPEN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SCHARPEN FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SCHARPEN FOUNDATION INC 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 SCHARPEN FOUNDATION INC 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 SCHARPEN FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does SCHARPEN FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $117,473, expenses of $629,073 and total assets of $1,594,021 at year end.
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