Nonprofit · EIN 45-4617048
SOMERSET SCHOLARSHIP FUND
Tax-exempt · MENDOTA HTS, MN 55118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $96,813 | $137,893 | -$41,080 | $59,394 | $0 | $59,394 |
| December 31, 2024 | 990-EZ | $79,748 | $135,758 | -$56,010 | $98,906 | $0 | $98,906 |
| December 31, 2023 | 990-EZ | $97,041 | $91,518 | $5,523 | $153,201 | $0 | $153,201 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $94,975
- Investment income
- $1,838
Expenses
- Grants and similar amounts paid
- $126,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $6,000
- Printing, publications and postage
- $1,787
- Other expenses
- $4,106
- Program services (functional)
- $126,000
Balance sheet and other
- Total assets, start of year
- $98,906
- Total assets, end of year
- $59,394
- Total liabilities, end of year
- $0
- Net assets, end of year
- $59,394
- Cash, savings and investments
- $59,394
- Gross receipts
- $96,813
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEA THEOBALD | CO-CHAIRWOMAN | 1 | $0 |
| JODIE ZESBAUGH | CO-CHAIRWOMAN | 1 | $0 |
| ANNE FIELD | PRESIDENT | 1 | $0 |
| LINDA GARRETT | DIRECTOR | 1 | $0 |
| HERB LEWIS | DIRECTOR | 1 | $0 |
| ANN MCDONALD | DIRECTOR | 1 | $0 |
| KAREN MESLOW | DIRECTOR | 1 | $0 |
| JILL RILEY | DIRECTOR | 1 | $0 |
| BEV SCHMIDT | DIRECTOR | 1 | $0 |
| BRIAN SMITH | DIRECTOR | 1 | $0 |
| KATE WENGER | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEA THEOBALD | CO-CHAIRWOMAN | 1 | $0 |
| JODIE ZESBAUGH | CO-CHAIRWOMAN | 1 | $0 |
| ANNE FIELD | PRESIDENT | 1 | $0 |
| LINDA GARRETT | DIRECTOR | 1 | $0 |
| HERB LEWIS | DIRECTOR | 1 | $0 |
| ANN MCDONALD | DIRECTOR | 1 | $0 |
| KAREN MESLOW | DIRECTOR | 1 | $0 |
| JILL RILEY | DIRECTOR | 1 | $0 |
| BEV SCHMIDT | DIRECTOR | 1 | $0 |
| BRIAN SMITH | DIRECTOR | 1 | $0 |
| JERRY TOSTRUD | DIRECTOR | 1 | $0 |
| KATE WENGER | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE M FIELD | SECRETARY | 1 | $0 |
| BRIAN SMITH | TREASURER | 1 | $0 |
| LEA THEOBALD | PRESIDENT | 1 | $0 |
| HERBERT LEWIS | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1416 DODD RD, MENDOTA HTS, MN 55118-2819
- In care of
- % BERT J MCKASY
- Signed the 990-EZ
- LEA THEOBALD, PRESIDENT
- Phone
- (612) 457-1416
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
SOMERSET SCHOLARSHIP FUND IS ORGANIZED AND OPERATED TO RAISE FUNDS FROM MEMBERS OF SOMERSET COUNTRY CLUB THAT ARE USED TO PROVIDE SCHOLARSHIPS TO EMPLOYEES OR DECENDANTS OF SUCH EMPLOYEES, OF SOMERSET COUNTRY CLUB, WHICH IS A 503(C)(7) ORGANIZATION. MEMBERS OF SOMERSET COUNTRY CLUB, THE CLUB MANAGER, THE BOARD OF DIRECTORS, OFFICERS, AND COMMITTEE MEMBERS ARE NOT ELIGIBLE TO BE SCHOLARSHIP RECEIPIENTS.
Program accomplishments
- TO PROVIDE FUNDS TO FINANCE OR AID IN FINANCING , THE POST-SECONDARY UNDERGRADUATE EDUCATION OF ONE OR MORE QUALIFIED APPLICANTS AT ANY ACCREDITED TWO YEAR OR FOUR YEAR COLLEGE, UNIVERSITY OR VOCATIONAL/TECHNICAL SCHOOL.Expenses $126,000 · grants $126,000
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 45-4617048
- 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)
- $59,394
- Income (IRS master file)
- $96,813
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $96,813 | $137,893 | $59,394 | XML |
| 990-EZ | December 2024 | $79,748 | $135,758 | $98,906 | XML |
| 990-EZ | December 2023 | $97,041 | $91,518 | $153,201 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 45-4617048).
Questions about SOMERSET SCHOLARSHIP FUND
- What is the EIN of SOMERSET SCHOLARSHIP FUND?
- The employer identification number (EIN) of SOMERSET SCHOLARSHIP FUND is 45-4617048.
- Is SOMERSET SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to SOMERSET SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOMERSET 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 SOMERSET SCHOLARSHIP FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOMERSET SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of SOMERSET SCHOLARSHIP FUND?
- The 990-EZ for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does SOMERSET SCHOLARSHIP FUND have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $96,813, expenses of $137,893 and total assets of $59,394 at year end.
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- WARRIOR DANCE TEAM EIN 47-5026438 · last filed 990-EZ for 2025
- WE AS ONE EDUCATION EIN 99-0942690 · last filed 990-EZ for 2025
- SOMERSET ELEMENTARY PARENT AND FAMILY GROUP EIN 92-2989485 · last filed 990-EZ for 2025
- TWO RIVERS MARCHING ARTS ASSOCIATION EIN 46-1771547 · last filed 990-N for 2024