Nonprofit · EIN 62-1175180
MIKE GRACE MEMORIAL SCHOLARSHIP FUND
Tax-exempt · FRANKLIN, TN 37064
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $137,411 | $29,109 | $108,302 | $825,238 | $0 | $825,238 |
| June 30, 2025 | 990 | $131,827 | $25,945 | $105,882 | $716,936 | $0 | $716,936 |
| June 30, 2024 | 990 | $45,826 | $28,790 | $17,036 | $611,054 | $0 | $611,054 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $31,460
- Program service revenue
- $0
- Investment income
- $92,266
- Net gain from sales of assets
- $82,577
- Net income from fundraising events
- $13,685
- Other revenue
- $13,685
Expenses
- Grants and similar amounts paid
- $27,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,780
- Program services (functional)
- $27,000
- Management and general (functional)
- $2,109
Balance sheet and other
- Total assets, start of year
- $716,936
- Total assets, end of year
- $825,238
- Total liabilities, end of year
- $0
- Net assets, end of year
- $825,238
- Net assets without donor restrictions
- $825,238
- Gross receipts
- $164,277
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1990
- State of legal domicile
- TN
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, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID CHISOLM | PRESIDENT & DIRECTOR Officer | 1 | $0 |
| WILLIAM JACOBS | VICE PRESIDENT & DIRECTOR Officer | 1 | $0 |
| PAUL BROWN | DIRECTOR Officer | 1 | $0 |
990 for the year ended June 30, 2025: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID CHISOLM | PRESIDENT & DIRECTOR Officer | 1 | $0 |
| WILLIAM JACOBS | VICE PRESIDENT & DIRECTOR Officer | 1 | $0 |
| PAUL BROWN | DIRECTOR Officer | 1 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARRELL SCHUH | PRESIDENT & DIRECTOR Officer | 1 | $0 |
| WILLIAM JACOBS | VICE PRESIDENT & DIRECTOR Officer | 1 | $0 |
| PAUL BROWN | DIRECTOR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 125 SE PARKWAY, FRANKLIN, TN 37064-3925
- Principal officer (990 for 2025)
- WILLIAM JACOBS, 125 SOUTHEAST PARKWAY, FRANKLIN, TN 37064
- Signed the 990
- WILLIAM JACOBS, VICE PRESIDENT
- Phone
- (615) 224-2733
- Return prepared by
- LBMC PC
Mission
TO AWARD SCHOLARSHIPS TO STUDENTS IN RECOGNITION OF THEIR HIGH ACHIEVEMENTS IN THE AREA OF VOCATIONAL EDUCATION.
Program accomplishments
- AWARD SCHOLARSHIPS TO STUDENTS IN RECOGNITION OF THEIR HIGH ACHIEVEMENTS IN THE AREA OF VOCATIONAL EDUCATION.Expenses $27,000 · grants $27,000
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1175180
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $825,238
- Income (IRS master file)
- $164,277
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $137,411 | $29,109 | $825,238 | XML |
| 990 | June 2025 | $131,827 | $25,945 | $716,936 | XML |
| 990 | June 2024 | $45,826 | $28,790 | $611,054 | XML |
| 990 | June 2023 | $35,537 | $28,650 | $594,018 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 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 62-1175180).
Questions about MIKE GRACE MEMORIAL SCHOLARSHIP FUND
- What is the EIN of MIKE GRACE MEMORIAL SCHOLARSHIP FUND?
- The employer identification number (EIN) of MIKE GRACE MEMORIAL SCHOLARSHIP FUND is 62-1175180.
- Is MIKE GRACE MEMORIAL SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to MIKE GRACE MEMORIAL SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIKE GRACE MEMORIAL SCHOLARSHIP FUND 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 MIKE GRACE MEMORIAL SCHOLARSHIP FUND due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIKE GRACE MEMORIAL SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of MIKE GRACE MEMORIAL SCHOLARSHIP FUND?
- The 990 for the year ended June 30, 2026 names WILLIAM JACOBS.
- Who are the officers and directors of MIKE GRACE MEMORIAL SCHOLARSHIP FUND?
- The 990 for the year ended June 30, 2026 lists 3 people; 0 received compensation from the organization.
- How much revenue does MIKE GRACE MEMORIAL SCHOLARSHIP FUND have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $137,411, expenses of $29,109 and total assets of $825,238 at year end.
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