Nonprofit · EIN 47-4625578
KOOL BOIZ FOUNDATION
Also known as BRUCE ANDREW RUSHTON SOLE MBR
Tax-exempt · MARYSVILLE, OH 43040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $81,474 | $104,364 | -$22,890 | $26,743 | $0 | $26,743 |
| December 31, 2024 | 990 | $118,075 | $105,424 | $12,651 | $49,633 | $0 | $49,633 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $81,951
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$477
- Other revenue
- -$477
Expenses
- Grants and similar amounts paid
- $4,000
- Compensation of officers, directors and key employees
- $40,260
- Salaries, compensation and benefits (total)
- $45,366
- Professional fundraising fees
- $0
- Accounting fees
- $1,155
- Occupancy
- $14,000
- Travel
- $1,486
- Program services (functional)
- $32,611
- Management and general (functional)
- $71,753
Balance sheet and other
- Total assets, start of year
- $49,633
- Total assets, end of year
- $26,743
- Total liabilities, end of year
- $0
- Net assets, end of year
- $26,743
- Net assets without donor restrictions
- $26,743
- Gross receipts
- $89,361
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- DE
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 |
|---|---|---|---|
| BRUCE RUSHTON | PRESIDENT Trustee or director, Officer | 4 | $40,260 |
| SCOTT WASHINGTON | VICE-PRESIDENT Trustee or director, Officer | 4 | $0 |
| ANGELA JOHNSON | SECRETARY Trustee or director, Officer | 4 | $0 |
| DWAYNE TOWNSEND | TREASURER Trustee or director, Officer | 4 | $0 |
| KENNETH BOONE | BOARD MEMBER Trustee or director | 4 | $0 |
| MELISSA BROWN | BOARD MEMBER Trustee or director | 4 | $0 |
| RONNELL ELKINS | BOARD MEMBER Trustee or director | 4 | $0 |
| BRIAN CLINKSCALE | BOARD MEMBER Trustee or director | 4 | $0 |
| BRANDEN RUSHTON | BOARD MEMBER Trustee or director | 4 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE RUSHTON | PRESIDENT Trustee or director, Officer | 4 | $41,760 |
| SCOTT WASHINGTON | VICE-PRESIDENT Trustee or director, Officer | 4 | $0 |
| ANGELA JOHNSON | SECRETARY Trustee or director, Officer | 4 | $0 |
| DWAYNE TOWNSEND | TREASURER Trustee or director, Officer | 4 | $0 |
| KENNETH BOONE | BOARD MEMBER Trustee or director | 4 | $0 |
| MELISSA BROWN | BOARD MEMBER Trustee or director | 4 | $0 |
| RONNELL ELKINS | BOARD MEMBER Trustee or director | 4 | $0 |
| STEVE JONES | BOARD MEMBER Trustee or director | 4 | $0 |
| MARTEECE WATERS | BOARD MEMBER Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 755 KENTUCKY CIR, MARYSVILLE, OH 43040-8069
- Mailing address (990-N for 2020)
- 603 E Glen Mare Dr, Middletown DE 19709
- Principal officer (990 for 2025)
- BRUCE RUSHTON, 755 KENTUCKY CIRCLE, MARYSVILLE, OH 43040
- Principal officer (990-N for 2020)
- Bruce Rushton, 603 E Glen Mare Drive, Middletown DE 19709
- Signed the 990
- BRUCE RUSHTON, PRESIDENT
- Phone
- (302) 317-9057
- Website
- www.koolboizfoundation.org
- Return prepared by
- GUNNIP & COMPANY LLP
Mission
THE KOOL BOIZ FOUNDATION IS DEDICATED TO PROVIDING EDUCATIONAL, FINANCIAL, AND EMOTIONAL SUPPORT FOR BOYS AND YOUNG MEN OF COLOR. WE ARE A LEADING ADVOCATE FOR THESE YOUTHS AND A CATALYST FOR EMPOWERMENT AND CHANGE. THROUGH OUR COLLEGE SCHOLARSHIPS, MENTORING PROGRAMS, AND YOUTH EMPOWERMENT CONFERENCES, WE ARE BUILDING FUTURE LEADERS AND ENTREPRENEURS.
Program accomplishments
- THE KOOL BOIZ FOUNDATION COLLEGE SCHOLARSHIP IS A $1,000 4-YEAR RENEWABLE SCHOLARSHIP (TOTAL AWARD IS $4,000). AWARD RECIPIENTS MUST MAINTAIN A 2.0 GPA ON A 4.0 SCALE AND BE ENROLLED AS A FULL-TIME STUDENT AT AN ACCREDITED 2- OR 4-YEAR COLLEGE OR UNIVERSITY. SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO THE COLLEGE OR UNIVERSITY ON THE STUDENT'S BEHALF AND ARE PAID IN TWO INSTALLMENTS.Expenses $4,000 · grants $4,000
- THE KOOL BOIZ FOUNDATION YOUNG MEN'S EMPOWERMENT CONFERENCE IS DESIGNED FOR BOYS AND YOUNG MEN OF COLOR IN GRADES 7-12. THE GOAL IS TO GIVE PARTICIPANTS AN OPPORTUNITY TO HEAR ABOUT AND REFLECT ON WHAT THEY NEED TO SUCCEED THROUGH THOUGHT-PROVOKING INTERACTIVE DISCUSSIONS AND WORKSHOPS.Expenses $7,186
- THE KOOL BOIZ FOUNDATION IN PARTNERSHIP WITH THE UNITED WAY OF YOUNGSTOWN AND THE MAHONING VALLEY CONTINUES TO EMPOWER BOYS AND YOUNG MEN OF COLOR THROUGH OUR PROMISING MEN MENTORING PROGRAM. THE PROGRAM IS DESIGNED TO HELP YOUNG MEN INCREASE THEIR EDUCATIONAL SKILLS, SOCIAL SKILLS, AND LEADERSHIP SKILLS.Expenses $21,425
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-EZ on file |
IRS record
- EIN
- 47-4625578
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O21)
- Assets (IRS master file)
- $26,743
- Income (IRS master file)
- $89,361
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $81,474 | $104,364 | $26,743 | XML |
| 990 | December 2024 | $118,075 | $105,424 | $49,633 | XML |
| 990-EZ | December 2023 | $70,327 | $104,863 | $36,982 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Bruce Rushton | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Bruce | December 31, 2019 | ≤ $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 47-4625578).
Questions about KOOL BOIZ FOUNDATION
- What is the EIN of KOOL BOIZ FOUNDATION?
- The employer identification number (EIN) of KOOL BOIZ FOUNDATION is 47-4625578.
- Is KOOL BOIZ FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to KOOL BOIZ FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOOL BOIZ 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 KOOL BOIZ FOUNDATION 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 KOOL BOIZ FOUNDATION 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 KOOL BOIZ FOUNDATION?
- The 990 for the year ended December 31, 2025 names BRUCE RUSHTON.
- Who are the officers and directors of KOOL BOIZ FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $40,260 (BRUCE RUSHTON, PRESIDENT).
- How much revenue does KOOL BOIZ FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $81,474, expenses of $104,364 and total assets of $26,743 at year end.
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