Nonprofit · EIN 54-6038828
DOLPHIN SCHOLARSHIP FOUNDATION
Tax-exempt · VIRGINIA BCH, VA 23462
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $612,629 | $761,199 | -$148,570 | $9,001,838 | $37,777 | $8,964,061 |
| June 30, 2024 | 990 | $709,954 | $723,748 | -$13,794 | $8,387,937 | $55,357 | $8,332,580 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $347,571
- Program service revenue
- $0
- Investment income
- $201,274
- Net gain from sales of assets
- $7,979
- Net income from fundraising events
- $58,109
- Net income from sales of inventory
- $5,675
- Other revenue
- $63,784
Expenses
- Grants and similar amounts paid
- $486,071
- Compensation of officers, directors and key employees
- $100,596
- Other salaries and wages
- $58,630
- Salaries, compensation and benefits (total)
- $173,419
- Professional fundraising fees
- $0
- Legal fees
- $501
- Accounting fees
- $4,250
- Occupancy
- $21,536
- Travel
- $520
- Depreciation
- $2,245
- Program services (functional)
- $683,077
- Management and general (functional)
- $59,886
- Fundraising (functional)
- $18,236
Balance sheet and other
- Total assets, start of year
- $8,387,937
- Total assets, end of year
- $9,001,838
- Total liabilities, end of year
- $37,777
- Net assets, end of year
- $8,964,061
- Land, buildings and equipment
- $6,500
- Publicly traded securities
- $8,760,815
- Net assets without donor restrictions
- $7,058,136
- Net assets with donor restrictions
- $1,905,925
- Gross receipts
- $1,279,271
- Employees
- 6
- Volunteers
- 16
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW CLARK | EXECUTIVE DI Officer | 40 | $100,596 |
| STEVEN W MAAS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| RENEA GAUCHER | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| SCOTT R VAN BUSKIRK | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KEITH B FARGO | SECRETARY/TR Trustee or director, Officer | 0.5 | $0 |
| MARYELLEN BALDWIN | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID BOLCAR | DIRECTOR Trustee or director | 0.5 | $0 |
| BARRY L BRUNER | DIRECTOR Trustee or director | 0.5 | $0 |
| BRUCE E GROOMS | DIRECTOR Trustee or director | 0.5 | $0 |
| ALBERT H KONETZNI JR | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHELE LAMPHEAR | DIRECTOR Trustee or director | 0.5 | $0 |
| CHARLES B YOUNG | DIRECTOR Trustee or director | 0.5 | $0 |
| STEPHEN L FISCHER | DIRECTOR Trustee or director | 0.5 | $0 |
| SHAUNA E TONKIN PHD | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLY AESCHBACH | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW CLARK | EXECUTIVE DI Officer | 40 | $95,088 |
| STEVEN W MAAS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| RENEA GAUCHER | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| SCOTT R VAN BUSKIRK | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| KEITH B FARGO | SECRETARY/TR Trustee or director, Officer | 0.5 | $0 |
| MARYELLEN BALDWIN | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID BOLCAR | DIRECTOR Trustee or director | 0.5 | $0 |
| BARRY L BRUNER | DIRECTOR Trustee or director | 0.5 | $0 |
| BRUCE E GROOMS | DIRECTOR Trustee or director | 0.5 | $0 |
| ALBERT H KONETZNI JR | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHELE LAMPHEAR | DIRECTOR Trustee or director | 0.5 | $0 |
| CHARLIE YOUNG | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4966 EUCLID RD STE 109, VIRGINIA BCH, VA 23462-5834
- Principal officer (990 for 2024)
- KEITH B FARGO, 4966 EUCLID RD, VIRGINIA BEACH, VA 23462
- Signed the 990
- KEITH B FARGO, SECRETARY/TREASURER
- Phone
- (757) 671-3200
- Website
- WWW.DOLPHINSCHOLARSHIP.ORG
- Return prepared by
- BARNES BROCK CORNWELL & PAINTER PLC
Mission
THE DOLPHIN SCHOLARSHIP FOUNDATION (DSF) BELIEVES THAT ENHANCEMENT OF BOTH HUMAN POTENTIAL AND QUALITY OF LIFE IS ACHIEVABLE THROUGH EDUCATION. MANY SONS, DAUGHTERS, AND SPOUSES OF U.S. NAVY SUBMARINERS FACE FINANCIAL OBSTACLES WHILE PURSUING UNDERGRADUATE AND VOCATIONAL EDUCATION. DSF IS COMMITTED TO MINIMIZING THOSE OBSTACLES BY ASSISTING THEM IN REACHING THEIR FULLEST POTENTIAL.
Program accomplishments
- DOLPHIN SCHOLARSHIP FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS SET FORTH UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE FEDERAL LAW OF TAXATION (THE CODE) AND PRIMARILY FOR THE PURPOSE OF HOLDING, INVESTING, ADMINISTERING AND DISTRIBUTING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO CERTAIN OF THE DEPENDENTS OF OFFICERS AND ENLISTED PERSONNEL OF THE SUBMARINE FORCE OF THE UNITED STATES NAVY IN ORDER TO ENABLE AND ASSIST SUCH DEPENDENTS TO PURSUE A POST-SECONDARY EDUCATION. DOLPHIN SCHOLARSHIP FOUNDATION ALSO ADMINISTERS SCHOLARSHIPS TO PROVIDE FINANCIAL ASSISTANCE TO ENLISTED PERSONNEL, AND THE DEPENDENTS OF OFFICERS AND ENLISTED PERSONNEL WHO ARE SERVING OR HAVE SERVED ON SPECIFIC U.S. NAVY SUBMARINES TO ENABLE AND ASSIST THEM IN PURSUING A POST-SECONDARY EDUCATION.Expenses $683,077 · grants $486,071
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-6038828
- 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
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25I)
- Assets (IRS master file)
- $9,001,838
- Income (IRS master file)
- $1,279,271
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $612,629 | $761,199 | $9,001,838 | XML |
| 990 | June 2024 | $709,954 | $723,748 | $8,387,937 | XML |
| 990 | June 2023 | $855,430 | $635,644 | $7,643,427 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 54-6038828).
Questions about DOLPHIN SCHOLARSHIP FOUNDATION
- What is the EIN of DOLPHIN SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of DOLPHIN SCHOLARSHIP FOUNDATION is 54-6038828.
- Is DOLPHIN SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to DOLPHIN SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOLPHIN SCHOLARSHIP 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 DOLPHIN SCHOLARSHIP FOUNDATION 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 DOLPHIN SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DOLPHIN SCHOLARSHIP FOUNDATION?
- The 990 for the year ended June 30, 2025 names KEITH B FARGO.
- Who are the officers and directors of DOLPHIN SCHOLARSHIP FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $100,596 (ANDREW CLARK, EXECUTIVE DI).
- How much revenue does DOLPHIN SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $612,629, expenses of $761,199 and total assets of $9,001,838 at year end.
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