Nonprofit · EIN 46-3793843
MASON ISD SCHOLARSHIP FOUNDATION
Tax-exempt · MASON, TX 76856
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $300,662 | $299,929 | $733 | $8,480,674 | $1 | $8,480,673 |
| December 31, 2023 | 990 | $573,651 | $276,111 | $297,540 | $7,491,122 | $0 | $7,491,122 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,660
- Program service revenue
- $0
- Investment income
- $281,002
- Net gain from sales of assets
- $145,413
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $3,825
- Salaries, compensation and benefits (total)
- $3,825
- Professional fundraising fees
- $0
- Accounting fees
- $1,600
- Program services (functional)
- $252,964
- Management and general (functional)
- $46,965
Balance sheet and other
- Total assets, start of year
- $7,491,122
- Total assets, end of year
- $8,480,674
- Total liabilities, end of year
- $1
- Net assets, end of year
- $8,480,673
- Gross receipts
- $1,192,681
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- TX
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 |
|---|---|---|---|
| GLENDENE UNDERWOOD | DIRECTOR Trustee or director | 6 | $2,320 |
| KATHRYN MARTIN | SECRETARY/MISD BOARD VP Trustee or director, Officer | 3 | $1,505 |
| CHAD LEMKE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL COPE | TREASURER Trustee or director, Officer | 1 | $0 |
| THOMAS CANFIELD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SEAN LEAMON | DIRECTOR/MISD SUPERINTENDENT Trustee or director | 1 | $0 |
| JIM BOB SMITH | DIRECTOR/MISD BRD PRES Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHAD LEMKE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL COPE | TREASURER Trustee or director, Officer | 1 | $0 |
| KATHRYN MARTIN | SECRETARY/MISD BOARD VP Trustee or director, Officer | 2 | $0 |
| THOMAS CANFIELD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DENNIS HILL | DIRECTOR/MISD INTM SUPT Trustee or director | 1 | $0 |
| GLENDENE UNDERWOOD | DIRECTOR Trustee or director | 6 | $0 |
| JIM BOB SMITH | DIRECTOR/MISD BRD PRES Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 489, MASON, TX 76856-0489
- Mailing address (990-N for 2017)
- P O BOX 410, MASON TX 76856
- Principal officer (990 for 2024)
- CHAD LEMKE, PO BOX 489, MASON, TX 76856
- Principal officer (990-N for 2017)
- GLENDENE UNDERWOOD, P O BOX 410, MASON TX 76856
- Signed the 990
- CHAD LEMKE, PRESIDENT
- Phone
- (325) 347-2448
- Return prepared by
- GEISTWEIDT FIGER & COMPANY PC
Mission
THE PURPOSE OF THIS FOUNDATION IS TO PROVIDE AN ORGANIZATION THAT WILL COORDINATE, ENCOURAGE,AND ASSIST EDUCATIONAL FUNCTIONS AND ACTIVITIES, BY GRANTING SCHOLARSHIPS IN THE MASON INDEPENDENT SCHOOL DISTRICT, MASON COUNTY, TEXAS. IT IS THE GOAL OF THE FOUNDATION TO PROVIDE PERPETUAL BENEFIT TO COMMUNITY STUDENTS.
Program accomplishments
- DURING 2024 THE FOUNDATION AWARDED SCHOLARSHIPS TOTALING $249,803, REPRESENTING 31 SCHOLARSHIPS TO APPROVED POST-SECONDARY SCHOOLS OF LEARNING FOR THE BENEFIT OF MASON HIGH SCHOOL GRADUATES. THE MAJORITY OF THE AWARDS WERE FOR $8660. SCHOLARSHIPS WERE AWARDED TO ALL OF THE ELIGIBLE APPLICANTS,Expenses $252,964
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 on file |
IRS record
- EIN
- 46-3793843
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $8,480,674
- Income (IRS master file)
- $1,192,681
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $300,662 | $299,929 | $8,480,674 | XML |
| 990 | December 2023 | $573,651 | $276,111 | $7,491,122 | XML |
| 990 | December 2022 | $76,654 | $331,549 | $6,881,865 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: GLENDENE UNDERWOOD | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2017 | – | – | – | 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 46-3793843).
Questions about MASON ISD SCHOLARSHIP FOUNDATION
- What is the EIN of MASON ISD SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of MASON ISD SCHOLARSHIP FOUNDATION is 46-3793843.
- Is MASON ISD SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to MASON ISD SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MASON ISD SCHOLARSHIP 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 MASON ISD SCHOLARSHIP 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 MASON ISD SCHOLARSHIP 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 MASON ISD SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 names CHAD LEMKE.
- Who are the officers and directors of MASON ISD SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $2,320 (GLENDENE UNDERWOOD, DIRECTOR).
- How much revenue does MASON ISD SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $300,662, expenses of $299,929 and total assets of $8,480,674 at year end.
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