Nonprofit · EIN 46-1246652
YOUNG SCHOLARS FUND INC
Tax-exempt · AMHERST, MA 01002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $87,779 | $24,529 | $63,250 | $692,093 | $0 | $692,093 |
| June 30, 2024 | 990 | $61,814 | $25,962 | $35,852 | $613,049 | $0 | $613,049 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $45,924
- Program service revenue
- $0
- Investment income
- $41,855
- Net gain from sales of assets
- $25,398
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $12,385
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $14,185
- Management and general (functional)
- $10,344
Balance sheet and other
- Total assets, start of year
- $613,049
- Total assets, end of year
- $692,093
- Total liabilities, end of year
- $0
- Net assets, end of year
- $692,093
- Publicly traded securities
- $681,176
- Gross receipts
- $360,149
- Employees
- 0
- Volunteers
- 45
- Year formed
- 2012
- State of legal domicile
- MA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Cohen | Director Trustee or director | 2 | $0 |
| Doris Cohen | Director Trustee or director | 2 | $0 |
| Nicole Torres Collado | Director Trustee or director | 2 | $0 |
| Mark Hatch | Director Trustee or director | 2 | $0 |
| Melody Foti | President Trustee or director, Officer | 5 | $0 |
| Kim Henrichon | Vice President Trustee or director, Officer | 4 | $0 |
| Emma Ford | Secretary Trustee or director, Officer | 4 | $0 |
| David Arnold | Treasurer Trustee or director, Officer | 3 | $0 |
| Molly Mead | Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Cohen | Director Trustee or director | 2 | $0 |
| Doris Cohen | Director Trustee or director | 2 | $0 |
| LaTonia Naylor | Director Trustee or director | 1 | $0 |
| Lan Katz | Director Trustee or director | 1 | $0 |
| Melody Foti | President Officer | 5 | $0 |
| Kim Henrichon | Vice President Officer | 4 | $0 |
| Emma Ford | Secretary Officer | 4 | $0 |
| David Arnold | Treasurer Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 35 HOP BROOK RD, AMHERST, MA 01002-2771
- In care of
- % DAVID COHEN
- Mailing address (990-N for 2022)
- 92 Marian Street, Northampton MA 01060
- Principal officer (990 for 2024)
- Melody Foti, 31 Marian Street, Northampton, MA 01060
- Principal officer (990-N for 2022)
- David Cohen, 92 Marian Street, Northampton MA 01060
- Signed the 990
- David Arnold, Treasurer
- Phone
- (413) 530-0064
Mission
Provide college scholarships.
Program accomplishments
- provided two college scholarshipsExpenses $12,385 · grants $12,385
- Picnic and field trips for scholars and their familiesExpenses $1,800
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1246652
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $692,093
- Income (IRS master file)
- $360,149
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $87,779 | $24,529 | $692,093 | XML |
| 990 | June 2024 | $61,814 | $25,962 | $613,049 | XML |
| 990-N for 2022 Officer: David Cohen | June 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | June 2023 | – | – | – | IRS |
| 990-N for 2020 Officer: David Cohen | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: David | June 30, 2020 | ≤ $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 46-1246652).
Questions about YOUNG SCHOLARS FUND INC
- What is the EIN of YOUNG SCHOLARS FUND INC?
- The employer identification number (EIN) of YOUNG SCHOLARS FUND INC is 46-1246652.
- Is YOUNG SCHOLARS FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to YOUNG SCHOLARS FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does YOUNG SCHOLARS FUND INC 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 YOUNG SCHOLARS FUND INC 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 YOUNG SCHOLARS FUND INC 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 YOUNG SCHOLARS FUND INC?
- The 990 for the year ended June 30, 2025 names Melody Foti.
- Who are the officers and directors of YOUNG SCHOLARS FUND INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does YOUNG SCHOLARS FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $87,779, expenses of $24,529 and total assets of $692,093 at year end.
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