Nonprofit · EIN 56-2071604
LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC
Also known as LINCOLN CNTY ROTARY STUDENT LOAN FU
Tax-exempt · LINCOLNTON, NC 28092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $121,747 | $139,516 | -$17,769 | $2,878,172 | $901 | $2,877,271 |
| June 30, 2024 | 990 | $147,759 | $115,015 | $32,744 | $2,898,302 | $897 | $2,897,405 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $45,736
- Program service revenue
- $69,633
- Investment income
- $6,240
- Other revenue
- $138
Expenses
- Grants and similar amounts paid
- $52,262
- Other salaries and wages
- $42,212
- Salaries, compensation and benefits (total)
- $45,392
- Professional fundraising fees
- $0
- Accounting fees
- $21,631
- Depreciation
- $455
- Program services (functional)
- $117,700
- Management and general (functional)
- $21,816
Balance sheet and other
- Total assets, start of year
- $2,898,302
- Total assets, end of year
- $2,878,172
- Total liabilities, end of year
- $901
- Net assets, end of year
- $2,877,271
- Land, buildings and equipment
- $783
- Net assets without donor restrictions
- $2,752,969
- Net assets with donor restrictions
- $124,302
- Gross receipts
- $121,747
- Employees
- 1
- Year formed
- 1994
- State of legal domicile
- NC
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 |
|---|---|---|---|
| ANNA B MULLEN | DIRECTOR Trustee or director | 40 | $42,212 |
| CLIFF BRUMFIELD | CHAIRMAN Officer | – | $0 |
| TONY J THOMAS | TREASURER Officer | – | $0 |
| KELLY ATKINS | DIRECTOR Trustee or director | – | $0 |
| HAILEY CORNWELL | DIRECTOR Trustee or director | – | $0 |
| DAVID LEE | DIRECTOR Trustee or director | – | $0 |
| JOANNE MATZ | DIRECTOR Trustee or director | – | $0 |
| JOHN DANCOFF | DIRECTOR Trustee or director | – | $0 |
| TONY SIMPSON | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anna B Mullen | Director | 40 | $36,846 |
| See attached list | President Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 JEB SEAGLE DR, LINCOLNTON, NC 28092-2167
- Principal officer (990 for 2024)
- TONY J THOMAS, PO BOX 682, LINCOLNTON, NC 280930682
- Signed the 990
- TONY J THOMAS, TREASURER
- Phone
- (704) 732-0867
- Website
- WWW.ROTARYLINC.ORG
- Return prepared by
- HUGGINS & COMPANY CPA PA
Mission
PROVIDE COLLEGE LOANS
Program accomplishments
- PROVIDING LOW COST LOANS TO ELIGIBLE STUDENTS FOR THEIR HIGHER EDUCATIONExpenses $117,700
- PROVIDING LOW COST LOANS TO ELIGIBLE STUDENTS FOR THEIR HIGHER EDUCATION
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
- 56-2071604
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Assets (IRS master file)
- $2,878,172
- Income (IRS master file)
- $121,747
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $121,747 | $139,516 | $2,878,172 | XML |
| 990 | June 2024 | $147,759 | $115,015 | $2,898,302 | XML |
| 990 | June 2023 | $106,870 | $112,682 | $2,864,939 | 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 56-2071604).
Questions about LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC
- What is the EIN of LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC?
- The employer identification number (EIN) of LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC is 56-2071604.
- Is LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LINCOLN COUNTY ROTARY STUDENT LOAN FUND 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 LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC 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 LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC 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 LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC?
- The 990 for the year ended June 30, 2025 names TONY J THOMAS.
- Who are the officers and directors of LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $42,212 (ANNA B MULLEN, DIRECTOR).
- How much revenue does LINCOLN COUNTY ROTARY STUDENT LOAN FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $121,747, expenses of $139,516 and total assets of $2,878,172 at year end.
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