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Nonprofit · EIN 59-2957668

DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC

Tax-exempt · ORMOND BEACH, FL 32175

Financials

$94K$46K2023$115K$56K2024
Revenue Expenses · by fiscal year end
Financials of DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$114,651$56,463$58,188$1,509,855$0$1,509,855
December 31, 2023990$93,957$45,556$48,401$1,276,798$143$1,276,655
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$13,600
Program service revenue
$0
Investment income
$64,547
Net gain from sales of assets
$22,376
Net income from fundraising events
$36,504
Other revenue
$36,504

Expenses

Grants and similar amounts paid
$42,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$3,252
Program services (functional)
$42,000
Management and general (functional)
$14,463

Balance sheet and other

Total assets, start of year
$1,276,798
Total assets, end of year
$1,509,855
Total liabilities, end of year
$0
Net assets, end of year
$1,509,855
Publicly traded securities
$1,463,189
Gross receipts
$496,101
Employees
0
Volunteers
57

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ROBBIE COLEMANPRESIDENT
Trustee or director, Officer
–$0
ERICK PALACIOSTREASURER/DI
Trustee or director, Officer
–$0
JEFF BROCKSECRETARY
Trustee or director, Officer
–$0
ERIC DEVRIESEPRESIDENT EL
Trustee or director
–$0
RYAN OCHIPADIRECTOR
Trustee or director
–$0
JEFF ANNONDIRECTOR
Trustee or director
–$0
MATT ELSTONDIRECTOR
Trustee or director
–$0
DAMIEN RICHARDSDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
WILL AKERSDIRECTOR
Trustee or director
–$0
JEFF ANNONDIRECTOR
Trustee or director, Officer
–$0
JEFF BROCKSECRETARY
Trustee or director
–$0
MATT ELSTONPRESIDENT/DI
Trustee or director, Officer
–$0
THOMAS MACDONALDDIRECTOR
Trustee or director
–$0
ERICK PALACIOSTREASURER/DI
Trustee or director, Officer
–$0
GARY RUSSELLDIRECTOR
Trustee or director
–$0
RYAN SCOTTDIRECTOR
Trustee or director
–$0
DON YOUNGDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 104, ORMOND BEACH, FL 32175-0104
Principal officer (990 for 2024)
ROBBIE COLEMAN
Signed the 990
ERICK PALACIOS, TREASURER/DIRECTOR
Phone
(386) 441-4195
Return prepared by
RAPOSA PERRY YOUNG LLC

Mission

EDUCATIONAL SCHOLARSHIPS

990 for the year ended December 31, 2024

Program accomplishments

  • SCHOLARSHIPS ARE GIVEN ON A NUMBER OF CRITERIA INCLUDING BUT NOT LIMITED TO CLASS STANDING, GRADES, FINANCIAL NEED AND PERSONAL INTERVIEWS. 14 STUDENTS RECEIVED SCHOLARSHIPS
    Expenses $42,000 · grants $42,000

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-2957668
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B80Z)
Assets (IRS master file)
$1,509,855
Income (IRS master file)
$496,101

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$114,651$56,463$1,509,855XML
990December 2023$93,957$45,556$1,276,798XML
990December 2022$71,278$46,023$1,092,034IRS
990December 2021$77,917$56,990$1,244,726IRS
990December 2020–––IRS
990December 2017–––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 59-2957668).

Questions about DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC

What is the EIN of DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC?
The employer identification number (EIN) of DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC is 59-2957668.
Is DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP 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 DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC 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 DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC?
The 990 for the year ended December 31, 2024 names ROBBIE COLEMAN.
Who are the officers and directors of DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does DARCY AKERS ORMOND BEACH ROTARY SCHOLARSHIP FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $114,651, expenses of $56,463 and total assets of $1,509,855 at year end.

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