Nonprofit · EIN 47-1648023
HEARTFELT SCHOLARSHIP FOUNDATION INC
Tax-exempt · MONTROSE, CO 81402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF (amended) | $20,001 | $19,782 | $219 | $14,183 | $0 | $14,183 |
| December 31, 2024 | 990-PF | $15,101 | $11,221 | $3,880 | $13,964 | $0 | $13,964 |
| December 31, 2023 | 990-PF | $25,064 | $27,956 | -$2,892 | $10,084 | $0 | $10,084 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $20,000
- Interest
- $1
Expenses
- Grants and similar amounts paid
- $19,552
- Disbursements for charitable purposes
- $19,782
Balance sheet and other
- Total assets, start of year
- $13,964
- Total assets, end of year
- $14,183
- Total liabilities, end of year
- $0
- Net assets, end of year
- $14,183
- Qualifying distributions
- $19,782
- Net investment income
- $1
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAGLE SUMMERS 60569 OAK GROVE RD, MONTROSE, CO 81403 | CHAIR | 0 | $0 |
| LINDA SUMMERS 60569 OAK RD, MONTROSE, CO 81403 | VICE CHAIR | 0 | $0 |
| JEREMY SPENCER 66559 OTTER RD, MONTROSE, CO 81403 | SECRETARY/TREAS | 0 | $0 |
| RACHAEL SPENCER 66559 OTTER RD, MONTROSE, CO 81403 | Director | 0 | $0 |
| JIM WELCH 2890 N TOWNSEND AVE, MONTROSE, CO 81401 | Director | 0 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAGLE SUMMERS 60569 OAK GROVE RD, MONTROSE, CO 81403 | CHAIR | 0 | $0 |
| LINDA SUMMERS 60569 OAK RD, MONTROSE, CO 81403 | VICE CHAIR | 0 | $0 |
| JEREMY SPENCER 66559 OTTER RD, MONTROSE, CO 81403 | SECRETARY/TREAS | 0 | $0 |
| RACHAEL SPENCER 66559 OTTER RD, MONTROSE, CO 81403 | Director | 0 | $0 |
| JIM WELCH 2890 N TOWNSEND AVE, MONTROSE, CO 81401 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAGLE SUMMERS 60569 OAK GROVE RD, MONTROSE, CO 81403 | CHAIR | 0 | $0 |
| LINDA SUMMERS 60569 OAK RD, MONTROSE, CO 81403 | VICE CHAIR | 0 | $0 |
| JEREMY SPENCER 66559 OTTER RD, MONTROSE, CO 81403 | SECRETARY/TREAS | 0 | $0 |
| RACHAEL SPENCER 66559 OTTER RD, MONTROSE, CO 81403 | Director | 0 | $0 |
| JIM WELCH 2890 N TOWNSEND AVE, MONTROSE, CO 81401 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 71, MONTROSE, CO 81402-0071
- Signed the 990-PF
- HAGLE SUMMERS, CHAIR
- Phone
- (970) 596-4711
- Return prepared by
- LEWIS & CO CPAs PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-1648023
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $14,183
- Income (IRS master file)
- $20,001
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $20,001 | $19,782 | $14,183 | IRS |
| 990-PF | December 2024 | $15,101 | $11,221 | $13,964 | IRS |
| 990-PF | December 2023 | $25,064 | $27,956 | $10,084 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 47-1648023).
Questions about HEARTFELT SCHOLARSHIP FOUNDATION INC
- What is the EIN of HEARTFELT SCHOLARSHIP FOUNDATION INC?
- The employer identification number (EIN) of HEARTFELT SCHOLARSHIP FOUNDATION INC is 47-1648023.
- Is HEARTFELT SCHOLARSHIP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to HEARTFELT SCHOLARSHIP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HEARTFELT SCHOLARSHIP FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HEARTFELT SCHOLARSHIP FOUNDATION INC 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 HEARTFELT SCHOLARSHIP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of HEARTFELT SCHOLARSHIP FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does HEARTFELT SCHOLARSHIP FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $20,001, expenses of $19,782 and total assets of $14,183 at year end.
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