Nonprofit · EIN 54-1567868
SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC
Tax-exempt · HARDY, VA 24101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $59,693 | $46,267 | $13,426 | $1,263,432 | $123,000 | $1,140,432 |
| December 31, 2023 | 990 | $44,022 | $49,787 | -$5,765 | $1,190,454 | $128,500 | $1,061,954 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,450
- Program service revenue
- $0
- Investment income
- $40,688
- Net income from sales of inventory
- $6,555
- Other revenue
- $6,555
Expenses
- Grants and similar amounts paid
- $34,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $34,500
- Management and general (functional)
- $11,537
- Fundraising (functional)
- $230
Balance sheet and other
- Total assets, start of year
- $1,190,454
- Total assets, end of year
- $1,263,432
- Total liabilities, end of year
- $123,000
- Net assets, end of year
- $1,140,432
- Publicly traded securities
- $1,263,432
- Net assets without donor restrictions
- $1,140,432
- Gross receipts
- $265,317
- Employees
- 0
- Volunteers
- 17
- Year formed
- 1990
- State of legal domicile
- VA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Beatrice Iceman | Director Trustee or director | 2 | $0 |
| Daphne Jamison | Director Trustee or director | 2 | $0 |
| Phil Hager | Director Trustee or director | 2 | $0 |
| William Ohlerich | Treasurer Trustee or director, Officer | 4 | $0 |
| Kristina Sage | Director Trustee or director | 2 | $0 |
| Patrick Nix | Director Trustee or director | 2 | $0 |
| Joseph Brown | Director Trustee or director | 2 | $0 |
| Rick Carroll | Director Trustee or director | 2 | $0 |
| Joanna Gruver | Director Trustee or director | 2 | $0 |
| William Hankins | Director Trustee or director | 2 | $0 |
| David Huffman | Director Trustee or director | 2 | $0 |
| David Lohr | Director Trustee or director | 2 | $0 |
| Patriick Nix | Director Trustee or director | 2 | $0 |
| Jim Orbison | Director Trustee or director | 2 | $0 |
| Jean Thompson | Director Trustee or director | 2 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas Hofelich | Advisor Non voting Trustee or director | 1 | $0 |
| Jessica Mitchell | Franklin Cty Liaison Non Voting Trustee or director | 2 | $0 |
| Rodney Savage | President Trustee or director, Officer | 4 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bob Waggoner | Director Trustee or director | 2 | $0 |
| Kristina Sage | Director Trustee or director | 2 | $0 |
| Vaun Gott | Director Trustee or director | 2 | $0 |
| Patrick Nix | Director Trustee or director | 2 | $0 |
| Beatrice Iceman | Director Trustee or director | 2 | $0 |
| Daphne Jamison | Director Trustee or director | 2 | $0 |
| Ken Hurt | Director Trustee or director | 2 | $0 |
| Phil Hager | Director Trustee or director | 2 | $0 |
| Andrea Fansler | Director Trustee or director | 2 | $0 |
| Konrad Crist | Director Trustee or director | 2 | $0 |
| Rodney Savage | Director Trustee or director | 2 | $0 |
| Tom Hamlin | Director Trustee or director | 2 | $0 |
| William Ohlerich | Treasurer Officer | 4 | $0 |
| Joseph Brown | President Officer | 4 | $0 |
| Susan Wolf | Secretary Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 655, HARDY, VA 24101-0655
- In care of
- % PRESIDENT
- Principal officer (990 for 2024)
- Rodney Savage, PO Box 535, Wirtz, VA 24184
- Signed the 990
- Thomas Hofelich, Preparer
- Phone
- (540) 855-0910
Mission
THE TRUST PROVIDES COLLEGE SCHOLARSHIPS TO NEEDY FRANKLIN COUNTY VA HIGH SCHOOL GRADUATES TO ASSIST THEM IN ATTENDING ACCREDITED VIRGINIA COLLEGES AND UNIVERSITIES.
Program accomplishments
- THE TRUST MADE19 PAYMENTS OF 1500, 2 PAYMENTS OF 3000 FOR A TOTAL SCHOLARSHIP DISTRIBUTION OF 34.500.Expenses $34,500 · grants $34,500 · revenue $12,450
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1567868
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $1,263,432
- Income (IRS master file)
- $265,317
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $59,693 | $46,267 | $1,263,432 | XML |
| 990 | December 2023 | $44,022 | $49,787 | $1,190,454 | XML |
| 990 | December 2022 | -$93,090 | $45,985 | $1,089,980 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 54-1567868).
Questions about SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC
- What is the EIN of SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC?
- The employer identification number (EIN) of SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC is 54-1567868.
- Is SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST 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 SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC?
- The 990 for the year ended December 31, 2024 names Rodney Savage.
- Who are the officers and directors of SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
- How much revenue does SMITH MOUNTAIN LAKE LIONS CLUB SCHOLARSHIP TRUST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $59,693, expenses of $46,267 and total assets of $1,263,432 at year end.
Other nonprofits in HARDY
- FRIENDS OF BOOKER T WASHINGTON NATIONAL MONUMENT EIN 26-2145159 · last filed 990-N for 2025
- VIRGINIA RETIRED TEACHERS ASSOCIATION EIN 54-2036309 · last filed 990-N for 2025
- WINDY GAP ELEMENTARY SCHOOL PARENT TEACHER ORGANIZATION EIN 27-1134508 · last filed 990-N for 2025
- FRANKLIN COUNTY LIBRARY FOUNDATION INC EIN 74-3106286 · last filed 990-N for 2025
- BEVERLY W AND HAMPTON O POWELL CHARITABLE FOUNDATION EIN 54-1776363 · last filed 990-PF for 2025
- SMITH MOUNTAIN LAKE MARINE VOLUN- TEER FIRE COMPANY INC EIN 54-1550009 · last filed 990 for 2025
- VIRGINIA INLAND SAILING ASSOCIATION INC EIN 54-0794753 · last filed 990 for 2025
- SCRUGGS VOLUNTEER FIRE DEPARTMENT AND RESCUE SQUAD INC EIN 54-1253381 · last filed 990 for 2025