Nonprofit · EIN 59-2967807
THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST
Tax-exempt · VERO BEACH, FL 32961
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-PF | $67,640 | $46,058 | $21,582 | $732,278 | $0 | $732,278 |
| August 31, 2024 | 990-PF | $147,558 | $38,416 | $109,142 | $710,696 | $0 | $710,696 |
Financial details: 990-PF for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $5,850
- Dividends
- $22,035
- Interest
- $14,917
- Net gain from sales of assets
- $23,003
- Other income
- $1,835
Expenses
- Grants and similar amounts paid
- $41,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $41,500
- Excise tax on investment income
- $859
Balance sheet and other
- Total assets, start of year
- $710,696
- Total assets, end of year
- $732,278
- Total liabilities, end of year
- $0
- Net assets, end of year
- $732,278
- Fair market value of assets
- $936,663
- Qualifying distributions
- $41,500
- Net investment income
- $61,790
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN CHENAULT PO BOX 1982, VERO BEACH, FL 32961 | CHAIRMAN | 2 | $0 |
| NANCY MADSEN PO BOX 1982, VERO BEACH, FL 32961 | SECRETARY | 2 | $0 |
| JACK MCAFEE PO BOX 1982, VERO BEACH, FL 32961 | TREASURER | 2 | $0 |
| BRAD SMITH PO BOX 1982, VERO BEACH, FL 32961 | MEMBER | 2 | $0 |
| DIANA WALKER PO BOX 1982, VERO BEACH, FL 32961 | MEMBER | 2 | $0 |
| LYN SMITH PO BOX 1982, VERO BEACH, FL 32961 | MEMBER | 2 | $0 |
990-PF for the year ended August 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN CHENAULT PO BOX 1982, VERO BEACH, FL 32961 | CHAIRMAN | 2 | $0 |
| DUSTIN HAYNES PO BOX 1982, VERO BEACH, FL 32961 | VICE - CHAIRMAN | 2 | $0 |
| NANCY MADSEN PO BOX 1982, VERO BEACH, FL 32961 | SECRETARY | 2 | $0 |
| JACK MCAFEE PO BOX 1982, VERO BEACH, FL 32961 | TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1982, VERO BEACH, FL 32961-1982
- Signed the 990-PF
- JACKSON MCAFEE, TREASURER
- Phone
- (772) 567-9217
- Return prepared by
- OFFUTT BARTON SCHLITT LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-PF on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-PF on file |
IRS record
- EIN
- 59-2967807
- 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
- 1990
- Accounting year ends
- August
- Files
- Form 990-PF
- Assets (IRS master file)
- $732,278
- Income (IRS master file)
- $473,136
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | August 2025 | $67,640 | $46,058 | $732,278 | XML |
| 990-PF | August 2024 | $147,558 | $38,416 | $710,696 | XML |
| 990-PF | August 2023 | – | – | – | IRS |
| 990-PF | August 2022 | – | – | – | IRS |
| 990-PF | August 2021 | – | – | – | 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 59-2967807).
Questions about THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST
- What is the EIN of THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST?
- The employer identification number (EIN) of THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST is 59-2967807.
- Is THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended August 2025.
- Who are the officers and directors of THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST?
- The 990-PF for the year ended August 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does THE EXCHANGE CLUB OF VERO BEACH SCHOLARSHIP FOUNDATION TRUST have?
- On its 990-PF for the year ended August 31, 2025 it reported revenue of $67,640, expenses of $46,058 and total assets of $732,278 at year end.
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