Nonprofit · EIN 47-3298729
ED BANES MEMORIAL SCHOLARSHIP FUND
Tax-exempt (reinstated) · DREXEL HILL, PA 19026
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $66,810 | $35,625 | $31,185 | $217,590 | – | $217,590 |
| December 31, 2024 | 990-EZ | $60,939 | $52,955 | $7,984 | $170,905 | – | $170,905 |
| December 31, 2023 | 990-EZ | $64,049 | $49,945 | $14,104 | $162,921 | – | $162,921 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $63,305
- Investment income
- $3,505
Expenses
- Grants and similar amounts paid
- $34,256
- Compensation of officers, directors and key employees
- $0
- Printing, publications and postage
- $506
- Other expenses
- $863
- Program services (functional)
- $34,256
Balance sheet and other
- Total assets, start of year
- $170,905
- Total assets, end of year
- $217,590
- Total liabilities, end of year
- –
- Net assets, end of year
- $217,590
- Cash, savings and investments
- $217,590
- Gross receipts
- $132,369
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD BANES | PRESIDENT | 0 | $0 |
| LINDA BANES | VICE PRESIDE | 0 | $0 |
| STEPHEN SAVAGE | TREASURER | 0 | $0 |
| EILEEN COLEMAN | SECRETARY | 0 | $0 |
| STEPHEN BANES | DIRECTOR | 0 | $0 |
| MARK BANES | DIRECTOR | 0 | $0 |
| SAMMY LAWLOR | DIRECTOR | 0 | $0 |
| KATIE CONEYS | DIRECTOR | 0 | $0 |
| ABBY DEFRUSCIO | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD BANES | PRESIDENT | 0 | $0 |
| LINDA BANES | VICE PRESIDE | 0 | $0 |
| STEPHEN SAVAGE | TREASURER | 0 | $0 |
| EILEEN COLEMAN | SECRETARY | 0 | $0 |
| STEPHEN BANES | DIRECTOR | 0 | $0 |
| MARK BANES | DIRECTOR | 0 | $0 |
| SAMMY LAWLOR | DIRECTOR | 0 | $0 |
| KATIE CONEYS | DIRECTOR | 0 | $0 |
| ABBY DEFRUSCIO | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD BANES | PRESIDENT | 0 | $0 |
| LINDA BANES | VICE PRESIDE | 0 | $0 |
| STEPHEN SAVAGE | TREASURER | 0 | $0 |
| EILEEN COLEMAN | SECRETARY | 0 | $0 |
| STEPHEN BANES | DIRECTOR | 0 | $0 |
| MARK BANES | DIRECTOR | 0 | $0 |
| SAMMY LAWLOR | DIRECTOR | 0 | $0 |
| KATIE CONEYS | DIRECTOR | 0 | $0 |
| ABBY DEFRUSCIO | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1121 MASON AVE, DREXEL HILL, PA 19026-2509
- Signed the 990-EZ
- STEPHEN SAVAGE, TREASURER
- Phone
- (999) 999-9999
- Website
- EDBANESGOLF.COM
- Return prepared by
- BOSTON & ASSOCIATES PC
Mission
THE ED BANES MEMORIAL SCHOLARSHIP FUND'S MISSION IS TO SUPPORT INDIVIDUALS AND FAMILIES WHO ARE COMMITTED TO CATHOLIC EDUCATION BY PROVIDING SCHOLARSHIPS TO INDIVIDUALS WHO HAVE GONE THROUGH CATHOLIC GRADE SCHOOL IN THE DELAWARE COUNTY PA AREA AND ARE ENTERING CATHOLIC HIGH SCHOOL (CARDINAL O'HARA AND BONNER / PRENDIE).
Program accomplishments
- THE ED BANES MEMORIAL SCHOLARSHIP FUND'S MISSION IS TO SUPPORT INDIVIDUALS AND FAMILIES WHO ARE COMMITTED TO CATHOLIC EDUCATION BY PROVIDING SCHOLARSHIPS TO INDIVIDUALS WHO HAVE GONE THROUGH CATHOLIC GRADE SCHOOL IN THE DELAWARE COUNTY PA AREA AND ARE ENTERING CATHOLIC HIGH SCHOOL.Expenses $34,256 · grants $34,256
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-3298729
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $217,590
- Income (IRS master file)
- $132,369
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective May 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $66,810 | $35,625 | $217,590 | XML |
| 990-EZ | December 2024 | $60,939 | $52,955 | $170,905 | IRS |
| 990-EZ | December 2023 | $64,049 | $49,945 | $162,921 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 47-3298729).
Questions about ED BANES MEMORIAL SCHOLARSHIP FUND
- What is the EIN of ED BANES MEMORIAL SCHOLARSHIP FUND?
- The employer identification number (EIN) of ED BANES MEMORIAL SCHOLARSHIP FUND is 47-3298729.
- Is ED BANES MEMORIAL SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to ED BANES MEMORIAL SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ED BANES MEMORIAL SCHOLARSHIP 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 ED BANES MEMORIAL SCHOLARSHIP 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 ED BANES MEMORIAL SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of ED BANES MEMORIAL SCHOLARSHIP FUND?
- The 990-EZ for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does ED BANES MEMORIAL SCHOLARSHIP FUND have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $66,810, expenses of $35,625 and total assets of $217,590 at year end.
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