Nonprofit · EIN 56-1875423
BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC
Tax-exempt · NEWTON, NC 28658
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | -$16,886 | $109,367 | -$126,253 | $848,195 | $0 | $848,195 |
| December 31, 2024 | 990-PF | -$516 | $87,231 | -$87,747 | $974,448 | $0 | $974,448 |
| December 31, 2023 | 990-PF | $292,866 | $137,731 | $155,135 | $1,062,195 | $0 | $1,062,195 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $30,928
- Interest
- $174
- Net gain from sales of assets
- -$47,988
Expenses
- Grants and similar amounts paid
- $90,000
- Disbursements for charitable purposes
- $109,129
- Excise tax on investment income
- $429
Balance sheet and other
- Total assets, start of year
- $974,448
- Total assets, end of year
- $848,195
- Total liabilities, end of year
- $0
- Net assets, end of year
- $848,195
- Fair market value of assets
- $912,340
- Qualifying distributions
- $109,129
- Net investment income
- $31,102
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE D CARROLL 3536 CALDWELL ROAD, Newton, NC 28658 | PRESIDENT | 1 | $0 |
| BILLY PRICE 540 11TH AVE PL NW, Hickory, NC 28601 | DIRECTOR | 0.5 | $0 |
| ROBERT MULLINAX Jr 1082 MERRYWOOD DRIVE, Newton, NC 28658 | SECRETARY | 0.5 | $0 |
| STEPHEN BUSIC 6339 WILLOWBOTTOM ROAD, Hickory, NC 28602 | TREASURER | 0.5 | $0 |
| MIKE MCREE 4741 MORNING GLOW LANE, Hickory, NC 28602 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie D Carroll 3536 Caldwell Road, Newton, NC 28658 | President | 0 | $0 |
| Billy M Price Jr 540 11th Ave Pl NW, Hickory, NC 28601 | Director | 0 | $0 |
| Glenn Barger 22100 Startown Road, Newton, NC 28658 | Director | 0 | $0 |
| Robert Mullinax Jr 1082 Merrywood Drive, Newton, NC 28658 | Secretary | 0 | $0 |
| Stephen Busic 6339 Willowbottom Road, Hickory, NC 28602 | Treasurer | 0 | $0 |
| Mike Mcree 4741 Morning Glow Lane, Hickory, NC 28602 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Betty D Isaac 3234 Weidner Road, Newton, NC 28658 | President | 0 | $0 |
| Julie D Carroll 3536 Caldwell Road, Newton, NC 28658 | Vice President | 0 | $0 |
| Billy M Price Jr 540 11th Ave Pl NW, Hickory, NC 28601 | Director | 0 | $0 |
| Glenn Barger 22100 Startown Road, Newton, NC 28658 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3536 CALDWELL RD, NEWTON, NC 28658-9677
- In care of
- % JULIE D CARROLL
- Signed the 990-PF
- JULIE D CARROLL, PRESIDENT
- Phone
- (828) 244-1032
- Return prepared by
- L SAMUEL WILLIAMS JR CPA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-1875423
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $848,195
- Income (IRS master file)
- $475,982
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | -$16,886 | $109,367 | $848,195 | IRS |
| 990-PF | December 2024 | -$516 | $87,231 | $974,448 | XML |
| 990-PF | December 2023 | $292,866 | $137,731 | $1,062,195 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 56-1875423).
Questions about BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC
- What is the EIN of BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC?
- The employer identification number (EIN) of BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC is 56-1875423.
- Is BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does BETTY AND KEN ISAAC SCHOLARSHIP FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of -$16,886, expenses of $109,367 and total assets of $848,195 at year end.
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