Nonprofit · EIN 46-3339317
SCHOLARSHIP ASSISTANCE FUND
Tax-exempt · PROSPECT HTS, IL 60070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $92,165 | $106,115 | -$13,950 | $581,295 | $510 | $580,785 |
| December 31, 2024 | 990 | $76,159 | $82,234 | -$6,075 | $562,059 | $922 | $561,137 |
| December 31, 2023 | 990 | $92,876 | $85,872 | $7,004 | $554,589 | $4,140 | $550,449 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $69,289
- Program service revenue
- $0
- Investment income
- $22,876
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $56,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $56,000
- Management and general (functional)
- $17,882
- Fundraising (functional)
- $32,233
Balance sheet and other
- Total assets, start of year
- $562,059
- Total assets, end of year
- $581,295
- Total liabilities, end of year
- $510
- Net assets, end of year
- $580,785
- Publicly traded securities
- $561,632
- Gross receipts
- $92,165
- Employees
- 0
- Year formed
- 2013
- State of legal domicile
- IL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Annin | Director Trustee or director | 2 | $0 |
| Hunter Hamilton | Vice President Trustee or director, Officer | 5 | $0 |
| Cindy O'Donnell | Secretary Trustee or director, Officer | 5 | $0 |
| Rebecca Jacob | Treasurer Trustee or director, Officer | 10 | $0 |
| Dina Derman | Director Trustee or director | 10 | $0 |
| Marie DiVirgilio | President Trustee or director, Officer | 15 | $0 |
| Terry Anderson | Director Trustee or director | 5 | $0 |
| Jenna Korakakis | Director Trustee or director | 2 | $0 |
| Tricia Marshall | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Annin | President Trustee or director, Officer | 10 | $0 |
| Hunter Hamilton | Vice President Trustee or director, Officer | 5 | $0 |
| Cindy O'Donnell | Secretary Trustee or director, Officer | 5 | $0 |
| Rebecca Jacob | Treasurer Trustee or director, Officer | 10 | $0 |
| Dina Derman | Director Trustee or director | 10 | $0 |
| Marie DiVirgilio | Director Trustee or director | 5 | $0 |
| Terry Anderson | Director Trustee or director | 5 | $0 |
| Jenna Korakakis | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Annin | President Trustee or director, Officer | 10 | $0 |
| Hunter Hamilton | Vice President Trustee or director, Officer | 5 | $0 |
| Cindy O'Donnell | Secretary Trustee or director, Officer | 5 | $0 |
| Terry Anderson | Director Trustee or director | 5 | $0 |
| Dina Derman | Director Trustee or director | 10 | $0 |
| Marie DiVirgilio | Director Trustee or director | 5 | $0 |
| Corey Heidkamp | Director Trustee or director | 10 | $0 |
| Rebecca Jacob | Treasurer Trustee or director | 10 | $0 |
| Jenna Korakakis | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 9 S ELMHURST RD UNIT 276, PROSPECT HTS, IL 60070-7909
- In care of
- % REBECCA JACOB
- Mailing address (990-N for 2014)
- 1061 S Wolf Road, Wheeling IL 60090
- Principal officer (990 for 2025)
- Rebecca Jacob, 9 S Elmhurst Road 276, Prospect Heights, IL 600707909
- Principal officer (990-N for 2014)
- Richard Peterson, 1061 S Wolf Road, Wheeling IL 60090
- Signed the 990
- Rebecca Jacob, Treasurer
- Phone
- (847) 460-0700
- Website
- www.safund.org
- Return prepared by
- Jeffrey W Krol & Associates Ltd
Mission
PROVIDE COLLEGE SCHOLARSHIPS FOR STUDENTS IN SURROUNDING LOCAL AREA
Program accomplishments
- Provide college scholarships for students in surrounding local areaExpenses $56,000 · grants $56,000 · revenue $69,289
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3339317
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $581,295
- Income (IRS master file)
- $92,165
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $92,165 | $106,115 | $581,295 | IRS |
| 990 | December 2024 | $76,159 | $82,234 | $562,059 | IRS |
| 990 | December 2023 | $92,876 | $85,872 | $554,589 | XML |
| 990 | December 2022 | $100,851 | $193,310 | $532,266 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Richard Peterson | December 31, 2014 | ≤ $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 46-3339317).
Questions about SCHOLARSHIP ASSISTANCE FUND
- What is the EIN of SCHOLARSHIP ASSISTANCE FUND?
- The employer identification number (EIN) of SCHOLARSHIP ASSISTANCE FUND is 46-3339317.
- Is SCHOLARSHIP ASSISTANCE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to SCHOLARSHIP ASSISTANCE FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHOLARSHIP ASSISTANCE 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 SCHOLARSHIP ASSISTANCE 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 SCHOLARSHIP ASSISTANCE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SCHOLARSHIP ASSISTANCE FUND?
- The 990 for the year ended December 31, 2025 names Rebecca Jacob.
- Who are the officers and directors of SCHOLARSHIP ASSISTANCE FUND?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does SCHOLARSHIP ASSISTANCE FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $92,165, expenses of $106,115 and total assets of $581,295 at year end.
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