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Nonprofit · EIN 45-4423429

CENTRAL PENNSYLVANIA SCHOLARSHIP FUND

Tax-exempt · TYRONE, PA 16686

Financials

$69.6M$55.2M2023$73.9M$65.2M2024
Revenue Expenses · by fiscal year end
Financials of CENTRAL PENNSYLVANIA SCHOLARSHIP FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$73,854,376$65,171,936$8,682,440$77,077,441$0$77,077,441
December 31, 2023990$69,551,076$55,187,999$14,363,077$68,395,001$0$68,395,001
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$72,018,733
Program service revenue
$0
Investment income
$1,831,192
Other revenue
$4,451

Expenses

Grants and similar amounts paid
$64,587,938
Compensation of officers, directors and key employees
$204,140
Other salaries and wages
$74,936
Salaries, compensation and benefits (total)
$341,634
Professional fundraising fees
$0
Legal fees
$3,191
Accounting fees
$36,650
Occupancy
$85,476
Travel
$6,978
Depreciation
$47,436
Program services (functional)
$64,587,938
Management and general (functional)
$564,290
Fundraising (functional)
$19,708

Balance sheet and other

Total assets, start of year
$68,395,001
Total assets, end of year
$77,077,441
Total liabilities, end of year
$0
Net assets, end of year
$77,077,441
Land, buildings and equipment
$1,792,666
Gross receipts
$73,854,376
Employees
8
Volunteers
0
Year formed
2012
State of legal domicile
PA

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
TAMI CLARKEXECUTIVE DIRECTOR
Trustee or director, Officer
40$97,773$0$2,739
CASI FRIESTREASURER
Trustee or director, Officer
30$83,442$0$2,125
RANDY TARPEYPRESIDENT
Trustee or director, Officer
15$42,000$10,000$0
CHRISTOPHER PALAZZIBOARD MEMBER
Trustee or director
1$0$0$0
EDWARD KAPLANBOARD MEMBER
Trustee or director
1$0$0$0
LINDSEY BENNETTSECRETARY
Trustee or director, Officer
1$0$0$0
JOSEPH ADAMSBOARD MEMBER
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
TAMI CLARKEXECUTIVE DIRECTOR
Trustee or director, Officer
40$91,800
CASI FRIESTREASURER
Trustee or director, Officer
20$56,840
RANDY TARPEYPRESIDENT
Trustee or director, Officer
10$34,500
CHRISTOPHER PALAZZIBOARD MEMBER
Trustee or director
1$0
EDWARD KAPLANBOARD MEMBER
Trustee or director
1$0
LINDSEY BENNETTSECRETARY
Trustee or director, Officer
1$0
JOSEPH ADAMSBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
501 3RD ST, TYRONE, PA 16686-1266
Principal officer (990 for 2024)
RANDY TARPEY, 227 JEFFERSON AVENUE, TYRONE, PA 16686
Signed the 990
RANDY TARPEY, PRESIDENT
Phone
(814) 942-4406
Return prepared by
SICKLER TARPEY & ASSOCIATES

Mission

PROVIDE EDUCATIONAL OPPORTUNITY THRU EDUCATIONAL CHOICE TO STUDENTS FROM LOW AND MIDDLE INCOME FAMILIES FACILITATED USING SCHOLARSHIPS AND EDUCATIONAL IMPROVEMENT PROGRAMS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE EDUCATIONAL OPPORTUNITY THRU EDUCATIONAL CHOICE TO STUDENTS FROM LOW AND MIDDLE INCOME FAMILIES USING SCHOLARSHIPS TO FUND TUITION AT PRIVATE SCHOOLS IN CENTRAL PENNSYLVANIA AND EDUCATIONAL IMPROVEMENT PROGRAMS AT PENNSYLANIA PUBLIC SCHOOLS AND THEIR ASSIGNS AND GRANTS TO OTHER CHARITIES.
    Expenses $64,587,938 · grants $64,587,938 · revenue $4,451

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-4423429
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
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$77,077,441
Income (IRS master file)
$73,854,376

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$73,854,376$65,171,936$77,077,441XML
990December 2023$69,551,076$55,187,999$68,395,001XML
990December 2022$55,334,922$43,811,817$54,031,924IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 45-4423429).

Questions about CENTRAL PENNSYLVANIA SCHOLARSHIP FUND

What is the EIN of CENTRAL PENNSYLVANIA SCHOLARSHIP FUND?
The employer identification number (EIN) of CENTRAL PENNSYLVANIA SCHOLARSHIP FUND is 45-4423429.
Is CENTRAL PENNSYLVANIA SCHOLARSHIP FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to CENTRAL PENNSYLVANIA SCHOLARSHIP FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTRAL PENNSYLVANIA SCHOLARSHIP FUND 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 CENTRAL PENNSYLVANIA SCHOLARSHIP FUND 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 CENTRAL PENNSYLVANIA SCHOLARSHIP FUND 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 CENTRAL PENNSYLVANIA SCHOLARSHIP FUND?
The 990 for the year ended December 31, 2024 names RANDY TARPEY.
Who are the officers and directors of CENTRAL PENNSYLVANIA SCHOLARSHIP FUND?
The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $97,773 (TAMI CLARK, EXECUTIVE DIRECTOR).
How much revenue does CENTRAL PENNSYLVANIA SCHOLARSHIP FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $73,854,376, expenses of $65,171,936 and total assets of $77,077,441 at year end.

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