Nonprofit · EIN 54-1586038
LEX MEMORIAL SCHOLARSHIP FUND
Tax-exempt · FLOYD, VA 24091
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $66,340 | $31,695 | $34,645 | $543,733 | $0 | $543,733 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $44,002
- Program service revenue
- $0
- Investment income
- $22,338
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $31,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $250
- Program services (functional)
- $31,695
Balance sheet and other
- Total assets, start of year
- $527,352
- Total assets, end of year
- $543,733
- Total liabilities, end of year
- $0
- Net assets, end of year
- $543,733
- Publicly traded securities
- $508,437
- Gross receipts
- $66,340
- Employees
- 0
- Year formed
- 1991
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET HUBBARD | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER NOLEN | DIRECTOR Trustee or director | 1 | $0 |
| JUDY BRITT | DIRECTOR Trustee or director | 1 | $0 |
| DALE PROFITT | PRESIDENT Officer | 1 | $0 |
| GINO WILLIAMS | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 436, FLOYD, VA 24091-0436
- In care of
- % DALE PROFITT
- Principal officer (990 for 2023)
- DALE PROFITT, 304 E MAIN STREET, FLOYD, VA 24091
- Signed the 990
- DALE PROFITT, PRESIDENT
- Return prepared by
- VICKIES INCOME TAX SERVICE LLC
Mission
GRANT COLLEGE SCHOLARSHIPS
Program accomplishments
- SCHOLARSHIPS - MONEY SENT TO COLLEGES FOR THE BENEFIT OF STUDENTSExpenses $31,695
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1586038
- 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)
- $543,733
- Income (IRS master file)
- $66,340
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $66,340 | $31,695 | $543,733 | XML |
| 990 | December 2022 | $44,300 | $31,553 | $527,352 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 54-1586038).
Questions about LEX MEMORIAL SCHOLARSHIP FUND
- What is the EIN of LEX MEMORIAL SCHOLARSHIP FUND?
- The employer identification number (EIN) of LEX MEMORIAL SCHOLARSHIP FUND is 54-1586038.
- Is LEX MEMORIAL SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to LEX MEMORIAL SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEX 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 LEX MEMORIAL SCHOLARSHIP FUND 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 LEX MEMORIAL SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of LEX MEMORIAL SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2023 names DALE PROFITT.
- Who are the officers and directors of LEX MEMORIAL SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does LEX MEMORIAL SCHOLARSHIP FUND have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $66,340, expenses of $31,695 and total assets of $543,733 at year end.
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