Nonprofit · EIN 65-0327093
FOUNDERS FUND INC
Tax-exempt · NAPLES, FL 34108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $444,845 | $646,482 | -$201,637 | $3,859,080 | $0 | $3,859,080 |
| June 30, 2024 | 990 | $1,233,448 | $563,602 | $669,846 | $3,963,415 | $0 | $3,963,415 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $182,503
- Program service revenue
- $0
- Investment income
- $262,342
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $547,379
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,920
- Program services (functional)
- $547,379
- Management and general (functional)
- $99,103
Balance sheet and other
- Total assets, start of year
- $3,963,415
- Total assets, end of year
- $3,859,080
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,859,080
- Publicly traded securities
- $2,808,740
- Net assets without donor restrictions
- $3,859,080
- Gross receipts
- $444,845
- Employees
- 0
- Volunteers
- 30
- Year formed
- 1991
- State of legal domicile
- FL
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.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Stacy Lee-Williams | Fund Dir/Secretary Officer | 40 | $0 | $60,999 |
| Philip Clay | Trustee Trustee or director | 1 | $0 | $0 |
| Sue Jerovsek | Trustee Trustee or director | 1 | $0 | $0 |
| Sam Duboc | Trustee Trustee or director | 1 | $0 | $0 |
| Amy Hill | Treasurer Trustee or director, Officer | 4 | $0 | $0 |
| Mary Carlson | Trustee Trustee or director | 1 | $0 | $0 |
| Karen Hindman | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Balgord | Chairman Trustee or director, Officer | 4 | $0 | $0 |
| Donna Issenmann | Trustee Trustee or director | 1 | $0 | $0 |
| Elizabeth Lerner | Trustee Trustee or director | 1 | $0 | $0 |
| Greg Stakosch | Trustee Trustee or director | 1 | $0 | $0 |
| Patricia Scoville | Trustee Trustee or director | 1 | $0 | $0 |
| Edward Swan | Trustee Trustee or director | 1 | $0 | $0 |
| Jim Morrisey | Trustee Trustee or director | 1 | $0 | $0 |
| Tom White | Trustee Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Gale | Trustee Trustee or director | 1 | $0 |
| Linda Tyson | Trustee Trustee or director | 1 | $0 |
| Cindy Schappert | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Philip Clay | Trustee Trustee or director | 1 | $0 |
| Sue Jerovsek | Trustee Trustee or director | 1 | $0 |
| Claire Reardon | Trustee Trustee or director | 1 | $0 |
| Amy Hill | Trustee Trustee or director | 1 | $0 |
| Mary Carlson | Trustee Trustee or director | 1 | $0 |
| Patricia Chadwick | Chairman Trustee or director, Officer | 4 | $0 |
| Michael Balgord | Vice-chairman Trustee or director, Officer | 4 | $0 |
| Donna Issenmann | Trustee Trustee or director | 1 | $0 |
| Elizabeth Lerner | Trustee Trustee or director | 1 | $0 |
| Greg Stakosch | Trustee Trustee or director | 1 | $0 |
| Patricia Scoville | Trustee Trustee or director | 1 | $0 |
| Edward Swan | Trustee Trustee or director | 1 | $0 |
| Nick Spina | Treasurer Trustee or director, Officer | 4 | $0 |
| Tom White | Trustee Trustee or director | 1 | $0 |
| Richard Gale | Trustee Trustee or director | 1 | $0 |
| Linda Tyson | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 707 GULF PARK DR, NAPLES, FL 34108-8202
- Principal officer (990 for 2024)
- Michael Balgord, 707 Gulf Park Drive, Naples, FL 34108
- Signed the 990
- Stacy Lee-Williams, Fund Dir/Secretary
- Phone
- (239) 593-0124
- Website
- thefoundersfundinc.org
- Return prepared by
- SCHMITT & KAYLOR CPA'S
Mission
The Organization provides student scholarships for post secondary education to individuals of Collier County, Florida, based on merit and need.
Program accomplishments
- The Organization awarded scholarship payments totaling $547,379 to 108 individuals, unrelated to the organization, for college tuition. The scholarships were granted based on merit and need.Expenses $547,379 · grants $547,379
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 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 65-0327093
- 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
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $3,859,080
- Income (IRS master file)
- $444,845
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $444,845 | $646,482 | $3,859,080 | XML |
| 990 | June 2024 | $1,233,448 | $563,602 | $3,963,415 | XML |
| 990 | June 2023 | $295,392 | $482,368 | $3,048,933 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | 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 65-0327093).
Questions about FOUNDERS FUND INC
- What is the EIN of FOUNDERS FUND INC?
- The employer identification number (EIN) of FOUNDERS FUND INC is 65-0327093.
- Is FOUNDERS FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to FOUNDERS FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDERS 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 FOUNDERS FUND 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 FOUNDERS FUND 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 FOUNDERS FUND INC?
- The 990 for the year ended June 30, 2025 names Michael Balgord.
- Who are the officers and directors of FOUNDERS FUND INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does FOUNDERS FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $444,845, expenses of $646,482 and total assets of $3,859,080 at year end.
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