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Nonprofit · EIN 72-6027563

SCOTT FOUNDATION INC

Tax-exempt · MONROE, LA 71211

Financials

$887K$973K2022$968K$1M2023
Revenue Expenses · by fiscal year end
Financials of SCOTT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2024990-PF$968,486$1,008,109-$39,623$17,597,466$0$17,597,466
July 31, 2023990-PF$887,270$972,559-$85,289$16,103,895$0$16,103,895
Financial details: 990-PF for the year ended July 31, 2024

Revenue

Contributions, gifts and grants
$472,140
Dividends
$486,923
Interest
$4,866
Net gain from sales of assets
$23,880
Other income
-$19,323

Expenses

Grants and similar amounts paid
$856,116
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$14,400
Disbursements for charitable purposes
$868,081
Excise tax on investment income
$4,983

Balance sheet and other

Total assets, start of year
$16,103,895
Total assets, end of year
$17,597,466
Total liabilities, end of year
$0
Net assets, end of year
$17,597,466
Fair market value of assets
$17,597,466
Qualifying distributions
$868,081
Net investment income
$498,451

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 July 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BETTY S CUMMINS
188 CUMMINS ROAD, MANGHAM, LA 71259
CHAIRPERSON4$0
EVELYN JOHNSON
12 WATERS EDGE DR, MONROE, LA 71203
TRUSTEE2$0
MARY ELLEN THOMPSON
18 GERMANY COURT, LITTLE ROCK, AR 72223
TRUSTEE2$0
GEORGE J BERSHEN
3320 DEBORAH DRIVE, MONROE, LA 71201
SEC-TREAS4$0
990-PF for the year ended July 31, 2023: 10 people
NameTitleHours / weekCompensation
BETTY S CUMMINS
188 CUMMINS ROAD, MANGHAM, LA 71259
CHAIRPERSON4$0
CARRICK R INABNETT
2715 PARAGOUD BLVD, MONROE, LA 71201
TRUSTEE2$0
CHERYL METZGER
312 SEALS PLACE, MONROE, LA 71203
TRUSTEE2$0
EVELYN JOHNSON
12 WATERS EDGE DR, MONROE, LA 71203
TRUSTEE2$0
GEORGE J BERSHEN
3320 DEBORAH DRIVE, MONROE, LA 71201
SEC-TREAS4$0
HUGH MCDONALD
2400 PARGOUD LANDING, MONROE, LA 71201
TRUSTEE2$0
LYLE MILLER
2305 MARIE PLACE, MONROE, LA 71201
TRUSTEE2$0
MARY ELLEN THOMPSON
18 GERMANY COURT, LITTLE ROCK, AR 72223
TRUSTEE2$0
TIM NIELSEN
333 TEXAS AVE STE 1525, SHREVEPORT, LA 71101
TRUSTEE2$0
TOM NICHOLSON
STRAUSS INTEREST 2930 COMMERCE AVE, MONROE, LA 71211
TRUSTEE2$0

Address and contacts

Address (IRS master file)
PO BOX 4948, MONROE, LA 71211-4948
Signed the 990-PF
MARY ELLEN THOMPSON, TRUSTEE
Phone
(318) 387-4160
Return prepared by
HEARD MCELROY & VESTAL 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 July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025Not on file
2023July 31, 2024December 16, 2024990-PF on file

IRS record

EIN
72-6027563
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
1964
Accounting year ends
July
Files
Form 990-PF
Assets (IRS master file)
$17,597,466
Income (IRS master file)
$7,380,469

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFJuly 2024$968,486$1,008,109$17,597,466XML
990-TJuly 2024–––IRS
990-PFJuly 2023$887,270$972,559$16,103,895XML
990-TJuly 2023–––IRS
990-PFJuly 2022–––IRS
990-TJuly 2022–––IRS
990-PFJuly 2021–––IRS
990-PFJuly 2020–––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 72-6027563).

Questions about SCOTT FOUNDATION INC

What is the EIN of SCOTT FOUNDATION INC?
The employer identification number (EIN) of SCOTT FOUNDATION INC is 72-6027563.
Is SCOTT FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
Are donations to SCOTT FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does SCOTT FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of SCOTT FOUNDATION INC due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SCOTT FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended July 2024.
Who are the officers and directors of SCOTT FOUNDATION INC?
The 990-PF for the year ended July 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does SCOTT FOUNDATION INC have?
On its 990-PF for the year ended July 31, 2024 it reported revenue of $968,486, expenses of $1,008,109 and total assets of $17,597,466 at year end.

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