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Nonprofit · EIN 58-6074366

INDEPENDENT SCHOLARSHIP INC

Also known as VALWOOD SCHOOL

Tax-exempt · HAHIRA, GA 31632

Financials

$7.3M$7.2M2023$8.3M$7M2024
Revenue Expenses · by fiscal year end
Financials of INDEPENDENT SCHOLARSHIP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$8,334,576$7,020,153$1,314,423$11,843,305$4,271,224$7,572,081
June 30, 2024990$7,279,398$7,212,089$67,309$11,002,711$4,745,053$6,257,658
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,634,444
Program service revenue
$6,107,947
Investment income
$106,237
Other revenue
$485,948

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$165,000
Other salaries and wages
$3,672,437
Salaries, compensation and benefits (total)
$4,304,813
Professional fundraising fees
$0
Legal fees
$4,826
Accounting fees
$27,169
Occupancy
$206,199
Depreciation
$346,624
Program services (functional)
$5,384,324
Management and general (functional)
$1,366,856
Fundraising (functional)
$268,973

Balance sheet and other

Total assets, start of year
$11,002,711
Total assets, end of year
$11,843,305
Total liabilities, end of year
$4,271,224
Net assets, end of year
$7,572,081
Land, buildings and equipment
$9,868,925
Net assets without donor restrictions
$6,531,352
Net assets with donor restrictions
$1,040,729
Gross receipts
$8,334,576
Employees
132
Volunteers
0
Year formed
1969
State of legal domicile
GA

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.

NameTitleHours / weekCompensation
JOHN DAVISHEAD OF SCHOOL
Key employee
40$165,000
AMANDA DAVISTRUSTEE
Trustee or director
0.25$0
WILL ELLIOTTTRUSTEE
Trustee or director
0.25$0
LISA HENRYTRUSTEE
Trustee or director
0.25$0
JOANNA NIJEMTRUSTEE
Trustee or director
0.25$0
SARAH VARNEDOETRUSTEE
Trustee or director
0.25$0
JOE BROWNLEETRUSTEE
Trustee or director
0.25$0
JONATHAN BURNSTRUSTEE
Trustee or director
0.25$0
SAMANTHA DEMERSSEMANTRUSTEE
Trustee or director
0.25$0
JUSTIN MARTINTRUSTEE
Trustee or director
0.25$0
STAR WALDRONCHAIR
Officer
1$0
JOHN WILLIAMSVICE CHAIR
Officer
1$0
SHELLY COLLINSSECRETARY
Officer
1$0
JEFF HANSONTREASURER
Officer
1$0
CARYN ALVARADOIMMEDIATE PAST CHAIR
Officer
1$0
1 more people on this return
NameTitleHours / weekCompensation
JOHN PEEPLESCHAIRMAN'S CHOICE
Officer
1$0
990 for the year ended June 30, 2024: 19 people
NameTitleHours / weekCompensation
JOHN DAVISHEAD OF SCHO
Key employee
40$164,296
DANIEL SCHERTTRUSTEE
Officer
0.25$0
CARYN ALVARADOCHAIR
Officer
1$0
SAMANTHA DEMERSSEMANSECRETARY
Officer
1$0
CLAY GRINERTRUSTEE
Trustee or director
0.25$0
JUDY HATHCOCKTRUSTEE
Trustee or director
0.25$0
MARANDA HOUSTONTRUSTEE
Trustee or director
0.25$0
DOROTHY OFORITRUSTEE
Trustee or director
0.25$0
JOHN PEEPLESPAST CHAIR
Officer
1$0
MARRIOTT MILLERTRUSTEE
Trustee or director
0.25$0
JONATHAN BURNSTRUSTEE
Trustee or director
0.25$0
SHELLY COLLINSTRUSTEE
Trustee or director
0.25$0
ERIC GEETRUSTEE
Trustee or director
0.25$0
LISA HENRYTRUSTEE
Trustee or director
0.25$0
JOANNA NIJEMTRUSTEE
Trustee or director
0.25$0
MAURA RESPESSTRUSTEE
Trustee or director
0.25$0
JOHN WILLIAMSTRUSTEE
Officer
1$0
LEIGH ANN BURGESSTRUSTEE
Trustee or director
0.25$0
STAR WALDRONTRUSTEE
Trustee or director
0.25$0

Address and contacts

Address (IRS master file)
4380 OLD US 41 N, HAHIRA, GA 31632-4116
Principal officer (990 for 2024)
JEFF HANSON, 4380 OLD US HWY 41 N, HAHIRA, GA 31632
Signed the 990
JEFF HANSON, TREASURER
Phone
(229) 242-8491
Return prepared by
FOWLER HOLLEY RAMBO & STALVEY PC

Mission

EDUCATION - GRADES K4 THROUGH 12.

990 for the year ended June 30, 2025

Program accomplishments

  • EDUCATION AS DESCRIBED IN IRC 170(B)(1)(A) GRADES K4 THROUGH 12.
    Expenses $5,384,324 · revenue $6,700,132

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
58-6074366
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1968
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,843,305
Income (IRS master file)
$8,334,576

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$8,334,576$7,020,153$11,843,305IRS
990June 2024$7,279,398$7,212,089$11,002,711XML
990June 2023$6,752,766$6,410,373$10,959,526IRS
990June 2022–––IRS
990June 2021–––IRS
990June 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 58-6074366).

Questions about INDEPENDENT SCHOLARSHIP INC

What is the EIN of INDEPENDENT SCHOLARSHIP INC?
The employer identification number (EIN) of INDEPENDENT SCHOLARSHIP INC is 58-6074366.
Is INDEPENDENT SCHOLARSHIP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
Are donations to INDEPENDENT SCHOLARSHIP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INDEPENDENT SCHOLARSHIP 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 INDEPENDENT SCHOLARSHIP 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 INDEPENDENT SCHOLARSHIP 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 INDEPENDENT SCHOLARSHIP INC?
The 990 for the year ended June 30, 2025 names JEFF HANSON.
Who are the officers and directors of INDEPENDENT SCHOLARSHIP INC?
The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $165,000 (JOHN DAVIS, HEAD OF SCHOOL).
How much revenue does INDEPENDENT SCHOLARSHIP INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $8,334,576, expenses of $7,020,153 and total assets of $11,843,305 at year end.

Other nonprofits in HAHIRA

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