Nonprofit · EIN 72-1427068
DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION
Tax-exempt (reinstated) · NEW ORLEANS, LA 70114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $31,440 | $21,664 | $9,776 | $73,241 | $0 | $73,241 |
| December 31, 2024 | 990 | $31,050 | $24,338 | $6,712 | $63,464 | $0 | $63,464 |
| December 31, 2023 | 990 | $16,584 | $16,524 | $60 | $56,752 | $0 | $56,752 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $31,440
- Membership dues
- $31,440
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $5,148
Balance sheet and other
- Total assets, start of year
- $63,464
- Total assets, end of year
- $73,241
- Total liabilities, end of year
- $0
- Net assets, end of year
- $73,241
- Net assets without donor restrictions
- $73,241
- Gross receipts
- $31,440
- Employees
- 0
- Year formed
- 2000
- State of legal domicile
- LA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BYRON JOHNSON | GENERAL SECRETARY Trustee or director | 1.5 | $0 |
| GWENDOLYN RAY SMITH | DIRECTOR Trustee or director | 5 | $0 |
| DR SAMUEL GIBBS JR | PRESIDENT Officer | 1.5 | $0 |
| KENNETH THOMPSON | 1ST VICE PRESIDENT Officer | 1.5 | $0 |
| WARREN RAY JR | 2ND VICE PRESIDENT Officer | 1.5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BYRON JOHNSON | GENERAL SECRETARY Trustee or director | 1.5 | $0 |
| GWENDOLYN RAY SMITH | DIRECTOR Trustee or director | 5 | $0 |
| DR SAMUEL GIBBS JR | PRESIDENT Officer | 1.5 | $0 |
| KENNETH THOMPSON | 1ST VICE PRESIDENT Officer | 1.5 | $0 |
| WARREN RAY JR | 2ND VICE PRESIDENT Officer | 1.5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BYRON JOHNSON | GENERAL SECRETARY Trustee or director | 1.5 | $0 |
| GWENDOLYN RAY SMITH | DIRECTOR Trustee or director | 5 | $0 |
| DR SAMUEL GIBBS JR | PRESIDENT Officer | 1.5 | $0 |
| KENNETH THOMPSON | 1ST VICE PRESIDENT Officer | 1.5 | $0 |
| WARREN RAY JR | 2ND VICE PRESIDENT Officer | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1815 HALSEY AVE, NEW ORLEANS, LA 70114-3305
- In care of
- % LINDA FORTENBERRY
- Principal officer (990 for 2025)
- SAMUEL GIBBS, 1815 HALSEY AVENUE, NEW ORLEANS, LA 70114
- Signed the 990
- SAMUEL GIBBS, PRESIDENT
- Return prepared by
- Robert's Accounting and Income Tax Service
Mission
DR. MATHEW MCGARY SR SCHOLARSHIP FOUNDATION VISION WAS TO DEVELOP PROGRAMS IN THE DISTRICT TO HELP YOUNG PEOPLE WHO WOULD BE ATTENDING COLLEGE. THE FOUNDATION AWARDS SCHOLARSHIP ANNUALLY.
Program accomplishments
- DR. MATTHEWS MCAGRAY, SR. SCHOLARSHIP FOUNDATION VISION WAS TO DEVELOP A PROGRAM IN THE DISTRICT TO HELP YOUNG PEOPLE WHO WOULD BE ATTENDING COLLEGE. THE FOUNDATION AWARDS SCHOLARSHIPS ANNUALLY.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1427068
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Religion-related (X11)
- Assets (IRS master file)
- $73,241
- Income (IRS master file)
- $31,440
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- February 22, 2012
- Reinstated
- Effective May 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $31,440 | $21,664 | $73,241 | XML |
| 990 | December 2024 | $31,050 | $24,338 | $63,464 | XML |
| 990 | December 2023 | $16,584 | $16,524 | $56,752 | XML |
| 990 | December 2022 | $19,102 | $19,650 | $56,692 | 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 72-1427068).
Questions about DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION
- What is the EIN of DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION is 72-1427068.
- Is DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2011.
- Are donations to DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 names SAMUEL GIBBS.
- Who are the officers and directors of DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does DR MATTHEWS MCGARY SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $31,440, expenses of $21,664 and total assets of $73,241 at year end.
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