Nonprofit · EIN 54-6395347
THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND
Tax-exempt · DALLAS, TX 75265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2026 | 990-PF | $92,671 | $35,168 | $57,503 | $660,661 | $0 | $660,661 |
| April 30, 2025 | 990-PF | $56,526 | $38,842 | $17,684 | $581,035 | $0 | $581,035 |
| April 30, 2024 | 990-PF | $21,373 | $39,083 | -$17,710 | $566,203 | $0 | $566,203 |
Financial details: 990-PF for the year ended April 30, 2026
Revenue
- Dividends
- $16,642
- Net gain from sales of assets
- $76,029
Expenses
- Grants and similar amounts paid
- $22,000
- Compensation of officers, directors and key employees
- $10,702
- Disbursements for charitable purposes
- $26,677
- Excise tax on investment income
- $1,183
Balance sheet and other
- Total assets, start of year
- $581,035
- Total assets, end of year
- $660,661
- Total liabilities, end of year
- $0
- Net assets, end of year
- $660,661
- Fair market value of assets
- $812,035
- Qualifying distributions
- $26,677
- Net investment income
- $92,409
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-PF for the year ended April 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA PO BOX 653067, DALLAS, TX 752653067 | TRUSTEE | 1 | $10,702 |
990-PF for the year ended April 30, 2025: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA PO BOX 653067, DALLAS, TX 752653067 | TRUSTEE | 1 | $9,942 |
990-PF for the year ended April 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA PO BOX 653067, DALLAS, TX 752653067 | TRUSTEE | 1 | $9,020 |
Address and contacts
- Address (IRS master file)
- PO BOX 653067, DALLAS, TX 75265-3067
- In care of
- % BANK OF AMERICA NA
- Signed the 990-PF
- BANK OF AMERICA N A, MANAGING DIR
- Phone
- (888) 866-3275
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | 990-PF on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990-PF on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990-PF on file |
IRS record
- EIN
- 54-6395347
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- April
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82J)
- Assets (IRS master file)
- $660,661
- Income (IRS master file)
- $199,452
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | April 2026 | $92,671 | $35,168 | $660,661 | XML |
| 990-PF | April 2025 | $56,526 | $38,842 | $581,035 | XML |
| 990-PF | April 2024 | $21,373 | $39,083 | $566,203 | XML |
| 990-PF | April 2023 | – | – | – | IRS |
| 990-PF | April 2022 | – | – | – | IRS |
| 990-PF | April 2021 | – | – | – | 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 54-6395347).
Questions about THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND
- What is the EIN of THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND?
- The employer identification number (EIN) of THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND is 54-6395347.
- Is THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND due?
- The return for tax year 2026 (the year ending April 30, 2027) is due September 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended April 2026.
- Who are the officers and directors of THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND?
- The 990-PF for the year ended April 30, 2026 lists 1 person; 1 received compensation from the organization, the highest $10,702 (BANK OF AMERICA, TRUSTEE).
- How much revenue does THOMAS W AND LOLITA GAYLE SCHOLARSHIP FUND have?
- On its 990-PF for the year ended April 30, 2026 it reported revenue of $92,671, expenses of $35,168 and total assets of $660,661 at year end.
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