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Nonprofit · EIN 32-0109100

ANCHOR SCHOLARSHIP FOUNDATION

Tax-exempt · VIRGINIA BCH, VA 23462

Financials

$476K$379K2023$826K$434K2024
Revenue Expenses · by fiscal year end
Financials of ANCHOR SCHOLARSHIP FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$826,400$433,853$392,547$2,430,543$163,916$2,266,627
June 30, 2024990$476,197$378,605$97,592$1,985,453$162,865$1,822,588
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$616,292
Program service revenue
$0
Investment income
$176,707
Net gain from sales of assets
$71,586
Net income from fundraising events
$33,401
Other revenue
$33,401

Expenses

Grants and similar amounts paid
$146,879
Compensation of officers, directors and key employees
$79,800
Other salaries and wages
$48,934
Salaries, compensation and benefits (total)
$138,358
Professional fundraising fees
$20,000
Accounting fees
$5,350
Occupancy
$21,080
Travel
$6,574
Depreciation
$755
Program services (functional)
$362,868
Management and general (functional)
$34,334
Fundraising (functional)
$36,651

Balance sheet and other

Total assets, start of year
$1,985,453
Total assets, end of year
$2,430,543
Total liabilities, end of year
$163,916
Net assets, end of year
$2,266,627
Land, buildings and equipment
$1,870
Publicly traded securities
$2,300,903
Net assets without donor restrictions
$827,234
Net assets with donor restrictions
$1,439,393
Gross receipts
$1,276,136
Employees
3
Volunteers
20
Year formed
1980
State of legal domicile
VA

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JOY EYROLLESEXECUTIVE DI
Trustee or director
40$79,800
RDML DAVID STEINDLCHAIRMAN
Trustee or director, Officer
1$0
PAUL HAWKINSVICE CHAIR
Trustee or director, Officer
1$0
JACOB CHANGSECRETARY
Trustee or director, Officer
1$0
CAPT PERRY BINGHAMTREASURER
Trustee or director, Officer
1$0
MARYELLEN BALDWINDIRECTOR
Trustee or director
1$0
CAPT PETER BULKELEYDIRECTOR
Trustee or director
1$0
CAPT WILLIAM CROWDIRECTOR
Trustee or director
1$0
CAPT TOM HENNESSEYDIRECTOR
Trustee or director
1$0
ERIC JENKUSKYDIRECTOR
Trustee or director
1$0
RDML JIM LOEBLEINDIRECTOR
Trustee or director
1$0
DR LATITIA MCCANEDIRECTOR
Trustee or director
1$0
NEIL PICKARDDIRECTOR
Trustee or director
1$0
CARRIE ROBINSONDIRECTOR
Trustee or director
1$0
RDML JESSE WILSON JRDIRECTOR
Trustee or director
1$0
1 more people on this return
NameTitleHours / weekCompensation
CDR WARD WILSONDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 16 people
NameTitleHours / weekCompensation
JOY EYROLLESEXECUTIVE DI
Trustee or director
40$82,500
RDML DAVID STEINDLCHAIRMAN
Trustee or director, Officer
1$0
GINA BUZBYVICE CHAIR
Trustee or director, Officer
1$0
JACOB CHANGSECRETARY
Trustee or director, Officer
1$0
CAPT PERRY BINGHAMTREASURER
Trustee or director, Officer
1$0
MARYELLEN BALDWINDIRECTOR
Trustee or director
1$0
CAPT PETER BULKELEYDIRECTOR
Trustee or director
1$0
PAUL HAWKINSDIRECTOR
Trustee or director
1$0
CAPT TOM HENNESSEYDIRECTOR
Trustee or director
1$0
CAPT CAMERON INGRAMDIRECTOR
Trustee or director
1$0
ERIC JENKUSKYDIRECTOR
Trustee or director
1$0
DR LATITIA MCCANEDIRECTOR
Trustee or director
1$0
NEIL PICKARDDIRECTOR
Trustee or director
1$0
CARRIE ROBINSONDIRECTOR
Trustee or director
1$0
RDML JESSE WILSON JRDIRECTOR
Trustee or director
1$0
CDR WARD WILSONDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
5520 GREENWICH RD STE 204A, VIRGINIA BCH, VA 23462-6541
Principal officer (990 for 2024)
PAUL HAWKINS, 5520 GREENWICH ROAD STE 204A, VIRGINIA BEACH, VA 23462
Signed the 990
PAUL HAWKINS, VICE CHAIR
Phone
(757) 777-4724
Return prepared by
BARNES BROCK CORNWELL & PAINTER PLC

Mission

TO AWARD COLLEGE SCHOLARSHIPS TO DEPENDENT CHILDREN AND SPOUSES OF ACTIVE DUTY, RETIRED AND HONORABLY DISCHARGED SURFACE NAVY PERSONNEL.

990 for the year ended June 30, 2025

Program accomplishments

  • TO AWARD COLLEGE SCHOLARSHIPS TO DEPENDENT CHILDREN AND SPOUSES OF ACTIVE DUTY, RETIRED AND HONORABLY DISCHARGED SURFACE NAVY PERSONNEL.
    Expenses $362,868 · grants $146,879

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
32-0109100
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
2004
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$2,430,543
Income (IRS master file)
$1,276,136

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$826,400$433,853$2,430,543XML
990June 2024$476,197$378,605$1,985,453XML
990June 2023$405,558$316,940$1,769,262IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS
990June 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 32-0109100).

Questions about ANCHOR SCHOLARSHIP FOUNDATION

What is the EIN of ANCHOR SCHOLARSHIP FOUNDATION?
The employer identification number (EIN) of ANCHOR SCHOLARSHIP FOUNDATION is 32-0109100.
Is ANCHOR SCHOLARSHIP FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to ANCHOR SCHOLARSHIP FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ANCHOR SCHOLARSHIP FOUNDATION 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 ANCHOR SCHOLARSHIP FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ANCHOR SCHOLARSHIP FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ANCHOR SCHOLARSHIP FOUNDATION?
The 990 for the year ended June 30, 2025 names PAUL HAWKINS.
Who are the officers and directors of ANCHOR SCHOLARSHIP FOUNDATION?
The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $79,800 (JOY EYROLLES, EXECUTIVE DI).
How much revenue does ANCHOR SCHOLARSHIP FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $826,400, expenses of $433,853 and total assets of $2,430,543 at year end.

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