Nonprofit · EIN 56-2123531
JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND
Tax-exempt · ASHEBORO, NC 27205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $13,817 | $55,993 | -$42,176 | $74,438 | $0 | $74,438 |
| December 31, 2023 | 990-PF | $4,776 | $15,755 | -$10,979 | $116,614 | $0 | $116,614 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $4,113
- Net gain from sales of assets
- $8,734
- Other income
- $970
Expenses
- Grants and similar amounts paid
- $53,200
- Excise tax on investment income
- $167
Balance sheet and other
- Total assets, start of year
- $116,614
- Total assets, end of year
- $74,438
- Total liabilities, end of year
- $0
- Net assets, end of year
- $74,438
- Fair market value of assets
- $81,527
- Net investment income
- $13,817
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAXTON C MCDOWELL 5354 OLD NC HWY 49, ASHEBORO, NC 27205 | PRESIDENT | 1 | $0 |
| WANDA MCDOWELL 5354 OLD NC HWY 49, ASHEBORO, NC 27205 | SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAXTON C MCDOWELL 5354 OLD NC HWY 49, Asheboro, NC 27205 | PRESIDENT | 1 | $0 |
| WANDA MCDOWELL 5354 OLD NC HWY 49, Asheboro, NC 27205 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5354 OLD NC HIGHWAY 49, ASHEBORO, NC 27205-0121
- In care of
- % MAXTON C MCDOWELL
- Signed the 990-PF
- MAXTON C MCDOWELL, PRESIDENT
- Phone
- (336) 241-2256
- Return prepared by
- JEFFERY E CAMPBELL CPA PLLC
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 | Not 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
- 56-2123531
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $74,438
- Income (IRS master file)
- $69,895
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $13,817 | $55,993 | $74,438 | XML |
| 990-PF | December 2023 | $4,776 | $15,755 | $116,614 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 56-2123531).
Questions about JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND
- What is the EIN of JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND?
- The employer identification number (EIN) of JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND is 56-2123531.
- Is JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOHN S SWAIM 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 JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does JOHN S SWAIM MEMORIAL SCHOLARSHIP FUND have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,817, expenses of $55,993 and total assets of $74,438 at year end.
Other nonprofits in ASHEBORO
- UWHARRIE GREEN SCHOOL INC EIN 45-2400428 · last filed 990 for 2025
- RANDOLPH COUNTY PARTNERSHIP FOR CHILDREN INC EIN 31-1612024 · last filed 990 for 2025
- COMMUNITIES IN SCHOOLS OF RANDOLPH COUNTY EIN 56-2034974 · last filed 990 for 2025
- ASHEBORO CITY SCHOOLS EDUCATION FOUNDATION EIN 56-1761842 · last filed 990 for 2025
- BALFOUR ELEMENTARY PTO EIN 87-3574427 · last filed 990-N for 2025
- RANDOLPH COUNTY COMMUNITY RESOURCE COUNCIL EIN 56-2162043 · last filed 990-N for 2025
- FARMER ELEMENTARY SCHOOL PARENT TEACHER ORGANIZATION EIN 99-4695851 · last filed 990-N for 2025
- YAHUSHA ACADEMY EIN 93-1433484 · last filed 990-N for 2025