Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 51-0413085

LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC

Tax-exempt (reinstated) · LAUREL, DE 19956

Financials

$97K$52K2023
Revenue Expenses · by fiscal year end
Financials of LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$97,062$51,875$45,187$609,211$0$609,211
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$28,445
Program service revenue
$0
Investment income
$62,164
Net income from gaming
$6,453
Other revenue
$6,453

Expenses

Grants and similar amounts paid
$35,503
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,129
Program services (functional)
$35,503
Management and general (functional)
$16,372

Balance sheet and other

Total assets, start of year
$564,024
Total assets, end of year
$609,211
Total liabilities, end of year
$0
Net assets, end of year
$609,211
Publicly traded securities
$602,312
Net assets without donor restrictions
$609,211
Gross receipts
$97,612
Employees
0
Volunteers
20
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 June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
KELLY L WHALEYPRESIDENT
Officer
–$0
RANDY HILL1ST VICE-PRE
Officer
–$0
GARY OWENSREC SECRETAR
Officer
–$0
JANET MORGANCOR SECRETAR
Officer
–$0
ELLEN HEARNTREASURER-GE
Officer
–$0
E STEPHEN CALLAWAYTREASURER-SC
Officer
–$0
EDNA MILLMANHISTORIAN
Officer
–$0

Address and contacts

Address (IRS master file)
PO BOX 382, LAUREL, DE 19956-0382
In care of
% ROBERT A HORSEY
Principal officer (990 for 2023)
KELLY L WHALEY, 30987 S SHELL BRIDGE RD, LAUREL, DE 19956
Signed the 990
E STEPHEN CALLAWAY, TREASURER-SCHOLAR
Phone
(302) 875-2472
Return prepared by
DAVID T BOYCE CPA

Mission

PROVIDE COLLEGE SCHOLARSHIPS TO DESERVING HIGH SCHOOL KIDS

990 for the year ended June 30, 2024

Program accomplishments

  • RAISE FUNDS TO PROVIDE SCHOLARSHIPS TO DESERVING HIGH SCHOOL KIDS WISHING TO ATTEND COLLEGE.
    Expenses $35,503 · grants $35,503
  • PROVIDE COLLEGE SCHOLARSHIPS TO DESERVING HIGH SCHOOL KIDS

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
51-0413085
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
2023
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$609,211
Income (IRS master file)
$97,612

Revocation and reinstatement

Exemption revoked
November 15, 2019
Posted by the IRS
March 9, 2020
Reinstated
Effective November 15, 2019

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$97,062$51,875$609,211XML

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 51-0413085).

Questions about LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC

What is the EIN of LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC?
The employer identification number (EIN) of LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC is 51-0413085.
Is LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2019 and reinstated it effective November 15, 2019.
Are donations to LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC 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 LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC?
The 990 for the year ended June 30, 2024 names KELLY L WHALEY.
Who are the officers and directors of LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC?
The 990 for the year ended June 30, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does LAUREL ALUMNI SCHOLARSHIP FOUNDATION INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $97,062, expenses of $51,875 and total assets of $609,211 at year end.

Other nonprofits in LAUREL

All nonprofits in LAUREL · Delaware · Education