Nonprofit · EIN 42-1595372
ACADEMIC MASTERS FOUNDATION
Tax-exempt · GRANTS PASS, OR 97526
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,090,898 | $48,715 | $1,042,183 | $1,309,544 | $0 | $1,309,544 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,047,707
- Program service revenue
- $0
- Investment income
- $43,191
- Net gain from sales of assets
- $9,407
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $150
- Program services (functional)
- $33,993
- Management and general (functional)
- $14,722
Balance sheet and other
- Total assets, start of year
- $231,622
- Total assets, end of year
- $1,309,544
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,309,544
- Gross receipts
- $1,265,261
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2003
- State of legal domicile
- OR
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 |
|---|---|---|---|
| Cynthia Harelson | Board Member Trustee or director | 1 | $0 |
| Damian Crowson | Board Member Trustee or director | 0.25 | $0 |
| Dave Matheny | President Trustee or director, Officer | 1 | $0 |
| Greg Patch | Board Member Trustee or director | 0.25 | $0 |
| Heidi Morris | Treasurer Trustee or director, Officer | 1 | $0 |
| Lise VanBrunt | Vice-President Trustee or director, Officer | 1 | $0 |
| Martin Zottola | Board Member Trustee or director | 0.25 | $0 |
| Megan Brown | Board Member Trustee or director | 0.25 | $0 |
| Michele Napier | Secretary Trustee or director, Officer | 1 | $0 |
| Michael Durrant | Board Member Trustee or director | 0.25 | $0 |
| Pam McNulty | Board Member Trustee or director | 0.25 | $0 |
| Matt Knight | Board Member Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 725 NE DEAN DR, GRANTS PASS, OR 97526-1649
- In care of
- % HEIDI MORRIS
- Mailing address (990-N for 2023)
- 725 NE Dean Dr, Grants Pass OR 97526
- Principal officer (990 for 2024)
- Heidi Morris, 725 NE Dean, Grants Pass, OR 97526
- Principal officer (990-N for 2023)
- Cynthia Harelson, PO Box 1537, Grants Pass OR 97528
- Signed the 990
- Heidi Morris, Treasurer
- Phone
- (541) 582-0581
- Website
- academicmasters.org
Mission
The Foundation's sole mission is to raise sustainable funding for Academic Masters and to provide support in ensuring the Competition's future. Encourage educational excellence and achievement.
Program accomplishments
- The Competition features separate contests in English, Social Studies, Mathematics, Science, and Music. Each high school is represented by their top student in each field. The four continuing schools therefore each send five students (one per subject) to the final public event. Students compete in first a written exam at Rogue Community College and then in an oral performance before an audience. Finalists compete not only for the honor of winning but for cash prizes contributed by the community.Expenses $33,993
- Support to local schools for participating in the program.grants $7,500
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-N on file |
IRS record
- EIN
- 42-1595372
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,309,544
- Income (IRS master file)
- $1,265,261
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,090,898 | $48,715 | $1,309,544 | IRS |
| 990-N for 2023 Officer: Cynthia Harelson | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Cynthia Harelson | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Cynthia Harelson | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Heidi Morris | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 42-1595372).
Questions about ACADEMIC MASTERS FOUNDATION
- What is the EIN of ACADEMIC MASTERS FOUNDATION?
- The employer identification number (EIN) of ACADEMIC MASTERS FOUNDATION is 42-1595372.
- Is ACADEMIC MASTERS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to ACADEMIC MASTERS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACADEMIC MASTERS 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 ACADEMIC MASTERS 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 ACADEMIC MASTERS FOUNDATION 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 ACADEMIC MASTERS FOUNDATION?
- The 990 for the year ended December 31, 2024 names Heidi Morris.
- Who are the officers and directors of ACADEMIC MASTERS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does ACADEMIC MASTERS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,090,898, expenses of $48,715 and total assets of $1,309,544 at year end.
Other nonprofits in GRANTS PASS
- ROGUE COMMUNITY COLLEGE FOUNDATION EIN 93-0777701 · last filed 990 for 2025
- COLLEGE DREAMS INC EIN 26-3161884 · last filed 990 for 2025
- JOSEPHINE COUNTY EDUCATIONAL FUND INC EIN 93-6041252 · last filed 990 for 2024
- JOSEPHINE COMMUNITY LIBRARY FOUNDATION EIN 94-3051415 · last filed 990 for 2025
- ROGUE CHRISTIAN ACADEMY EIN 93-1584720 · last filed 990 for 2025
- GRANTS PASS ACTIVE CLUB INC EIN 93-0883280 · last filed 990 for 2025
- GRANTS PASS HIGH SCHOOL BOOSTER CLUB EIN 94-3194403 · last filed 990 for 2025
- GRANTS PASS HIGH SCHOOL BAND BOOSTERS EIN 93-1285490 · last filed 990-EZ for 2025