Nonprofit · EIN 58-1491453
SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND INC
Tax-exempt · CONCORD, NC 28025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $23,413 | $159,454 | -$136,041 | $1,000,854 | $285 | $1,000,569 |
| December 31, 2024 | 990-PF | $16,377 | $146,744 | -$130,367 | $1,136,796 | $186 | $1,136,610 |
| December 31, 2023 | 990-PF | $11,352 | $143,209 | -$131,857 | $1,267,065 | $88 | $1,266,977 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $14,238
- Interest
- $290
- Net gain from sales of assets
- $8,885
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $21,662
- Salaries, compensation and benefits (total)
- $82,261
- Disbursements for charitable purposes
- $156,373
- Excise tax on investment income
- $283
Balance sheet and other
- Total assets, start of year
- $1,136,796
- Total assets, end of year
- $1,000,854
- Total liabilities, end of year
- $285
- Net assets, end of year
- $1,000,569
- Fair market value of assets
- $492,430
- Qualifying distributions
- $239,273
- Net investment income
- $23,413
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 |
|---|---|---|---|
| CYNTHIA T HERRIN 21069 BILES RD, ALBEMARLE, NC 28001 | SECRETARY Highest-paid employee | 32 | $70,670 |
| STEVE L MEDLIN 43 UNION STREET, CONCORD, NC 28025 | PRES/SEC/TREA | 20 | $21,662 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA T HERRIN 21069 BILES RD, ALBEMARLE, NC 28001 | SECRETARY Highest-paid employee | 32 | $59,488 |
| STEVE L MEDLIN 43 UNION STREET, CONCORD, NC 28025 | PRES/SEC/TREA | 20 | $15,181 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE L MEDLIN 43 UNION STREET, CONCORD, NC 28025 | Pres/Sec/Treas | 20 | $33,878 |
Address and contacts
- Address (IRS master file)
- 43 UNION ST S, CONCORD, NC 28025-5009
- In care of
- % WEBSTER MEDLIN 7
- Signed the 990-PF
- STEVE L MEDLIN, PRES/SEC/TREASURER
- Phone
- (704) 786-8169
- Return prepared by
- DMJPS 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 | 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
- 58-1491453
- 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
- 1983
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,000,854
- Income (IRS master file)
- $106,300
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $23,413 | $159,454 | $1,000,854 | XML |
| 990-PF | December 2024 | $16,377 | $146,744 | $1,136,796 | XML |
| 990-PF | December 2023 | $11,352 | $143,209 | $1,267,065 | 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 58-1491453).
Questions about SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND INC
- What is the EIN of SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND INC?
- The employer identification number (EIN) of SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND INC is 58-1491453.
- Is SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND 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 SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND 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 SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND INC?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $70,670 (CYNTHIA T HERRIN, SECRETARY).
- How much revenue does SOLON E & ESPIE WATTS LITTLE SCHOLARSHIP LOAN FUND INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $23,413, expenses of $159,454 and total assets of $1,000,854 at year end.
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