Nonprofit · EIN 47-2151700
SCHARLEPP SCHOLARSHIP TRUST
Tax-exempt · SIOUX FALLS, SD 57117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $112,603 | $82,003 | $30,600 | $3,238,424 | $0 | $3,238,424 |
| December 31, 2024 | 990-PF | $91,617 | $89,767 | $1,850 | $3,207,824 | $0 | $3,207,824 |
| December 31, 2023 | 990-PF | $107,645 | $103,905 | $3,740 | $3,205,974 | $0 | $3,205,974 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $11,159
- Net gain from sales of assets
- $3,160
- Other income
- $98,284
Expenses
- Grants and similar amounts paid
- $60,000
- Compensation of officers, directors and key employees
- $6,364
- Disbursements for charitable purposes
- $64,773
- Excise tax on investment income
- $175
Balance sheet and other
- Total assets, start of year
- $3,207,824
- Total assets, end of year
- $3,238,424
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,238,424
- Fair market value of assets
- $1,537,601
- Qualifying distributions
- $64,773
- Net investment income
- $14,319
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 |
|---|---|---|---|
| THE FIRST NATIONAL BANK SIOUX FALLS PO BOX 5186, SIOUX FALLS, SD 571175186 | CO-TRUSTEE | 0 | $5,364 |
| GARY T BENZ PO BOX 65, MELVIN, IA 513500065 | CO-TRUSTEE | 0 | $1,000 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THE FIRST NATIONAL BANK SIOUX FALLS PO BOX 5186, SIOUX FALLS, SD 571175186 | CO-TRUSTEE | 0 | $4,811 |
| GARY T BENZ PO BOX 65, MELVIN, IA 513500065 | CO-TRUSTEE | 0 | $1,000 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THE FIRST NATIONAL BANK SIOUX FALLS PO BOX 5186, SIOUX FALLS, SD 571175186 | CO-TRUSTEE | 0 | $4,113 |
| GARY T BENZ PO BOX 65, MELVIN, IA 513500065 | CO-TRUSTEE | 0 | $1,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 5186, SIOUX FALLS, SD 57117-5186
- In care of
- % FIRST NATIONAL BANK IN SIOUX FALL
- Signed the 990-PF
- THE FIRST NATIONAL BANK SIOUX FALLS, CO-TRUSTEE
- Phone
- (605) 335-5109
- Return prepared by
- ANDERSON GROUP CPA
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
- 47-2151700
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $3,238,424
- Income (IRS master file)
- $112,603
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $112,603 | $82,003 | $3,238,424 | IRS |
| 990-PF | December 2024 | $91,617 | $89,767 | $3,207,824 | IRS |
| 990-PF | December 2023 | $107,645 | $103,905 | $3,205,974 | 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 47-2151700).
Questions about SCHARLEPP SCHOLARSHIP TRUST
- What is the EIN of SCHARLEPP SCHOLARSHIP TRUST?
- The employer identification number (EIN) of SCHARLEPP SCHOLARSHIP TRUST is 47-2151700.
- Is SCHARLEPP SCHOLARSHIP TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to SCHARLEPP SCHOLARSHIP TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SCHARLEPP SCHOLARSHIP TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SCHARLEPP SCHOLARSHIP TRUST 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 SCHARLEPP SCHOLARSHIP TRUST 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 SCHARLEPP SCHOLARSHIP TRUST?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $5,364 (THE FIRST NATIONAL BANK SIOUX FALLS, CO-TRUSTEE).
- How much revenue does SCHARLEPP SCHOLARSHIP TRUST have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $112,603, expenses of $82,003 and total assets of $3,238,424 at year end.
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