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Nonprofit · EIN 75-1867842

MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST

Tax-exempt · MOUNT VERNON, TX 75457

Financials

$45K$37K2023$119K$56K2024
Revenue Expenses · by fiscal year end
Financials of MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$118,789$56,398$62,391$981,821$0$981,821
December 31, 2023990$45,068$37,037$8,031$919,430$0$919,430
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$61,234
Program service revenue
$0
Investment income
$30,701
Net gain from sales of assets
-$3
Other revenue
$26,854

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$56,398

Balance sheet and other

Total assets, start of year
$919,430
Total assets, end of year
$981,821
Total liabilities, end of year
$0
Net assets, end of year
$981,821
Publicly traded securities
$890,868
Gross receipts
$119,261
Employees
0
Volunteers
0
Year formed
1990
State of legal domicile
TX

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
TOM STANDRIDGETRUSTEE
Trustee or director
1$0
JASON MCCULLOUGHTRUSTEE
Trustee or director
1$0
DAVID S LEETRUSTEE
Trustee or director
1$0
ERNEST SNAPKATRUSTEE
Trustee or director
0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
TOM STANDRIDGETRUSTEE
Trustee or director
1$0
JASON MCCULLOUGHTRUSTEE
Trustee or director
1$0
DAVID S LEETRUSTEE
Trustee or director
1$0
ERNEST SNAPKATRUSTEE
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 930, MOUNT VERNON, TX 75457-0930
Principal officer (990 for 2024)
TOM STANDRIDGE, PO BOX 930, MT VERNON, TX 75457
Signed the 990
TOM STANDRIDGE, TRUSTEE
Phone
(903) 537-4029
Return prepared by
PREUSS FLECKER & ASSOCIATES PLLC

Mission

SCHOLARSHIPS FOR STUDENTS FROM MT VERNON, TX AND NUTRITIONAL SUPPORT FOR AT RISK YOUTHS.

990 for the year ended December 31, 2024

Program accomplishments

  • PAYMENT OF FUNDS FOR FINANCIAL ASSISTANCE TO STUDENTS FROM MT VERNON (TEXAS) WHO ARE SELECTED ACCORDING TO PROVISIONS OF THE TRUST AND TO PROVIDE NUTRITIONAL SUPPORT FOR AT RISK STUDENTS
    Expenses $34,448 · revenue $35,000
  • SCHOLARSHIP FOR COMMUNITY YOUTH
    Expenses $21,950 · revenue $83,789

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-1867842
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
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82M)
Assets (IRS master file)
$981,821
Income (IRS master file)
$119,261

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$118,789$56,398$981,821IRS
990December 2023$45,068$37,037$919,430XML
990December 2022$60,821$72,224$911,399IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 75-1867842).

Questions about MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST

What is the EIN of MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST?
The employer identification number (EIN) of MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST is 75-1867842.
Is MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST 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 MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST?
The 990 for the year ended December 31, 2024 names TOM STANDRIDGE.
Who are the officers and directors of MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does MOUNT VERNON ROTARY EDUCATIONAL SCHOLARSHIP TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $118,789, expenses of $56,398 and total assets of $981,821 at year end.

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