Nonprofit · EIN 75-2750401
WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC
Tax-exempt · PALESTINE, TX 75802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $83,698 | $32,647 | $51,051 | $798,590 | $0 | $798,590 |
| December 31, 2023 | 990 | $131,539 | $28,994 | $102,545 | $747,539 | $0 | $747,539 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $57,150
- Program service revenue
- $0
- Investment income
- $22,264
- Net income from fundraising events
- $4,284
- Other revenue
- $4,284
Expenses
- Grants and similar amounts paid
- $22,375
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $22,375
- Management and general (functional)
- $10,272
Balance sheet and other
- Total assets, start of year
- $747,539
- Total assets, end of year
- $798,590
- Total liabilities, end of year
- $0
- Net assets, end of year
- $798,590
- Publicly traded securities
- $727,327
- Gross receipts
- $96,975
- Employees
- 0
- Year formed
- 2001
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON COLE | DIRECTOR Trustee or director | 1 | $0 |
| JEREMY FRYE | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY FRYE | DIRECTOR Trustee or director | 1 | $0 |
| GARY INGRAM | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ALLYSON MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| JERRY NOWLIN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JEFFREY SCHWAB | DIRECTOR Trustee or director | 1 | $0 |
| DORENDA SMITH | DIRECTOR Trustee or director | 1 | $0 |
| LOYIE WINKEL | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAN DOUTHIT | DIRECTOR Trustee or director | 1 | $0 |
| JIMMY FRYE | DIRECTOR Trustee or director | 1 | $0 |
| GARY INGRAM | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ALLYSON MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| JERRY NOWLIN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JEFFREY SCHWAB | DIRECTOR Trustee or director | 1 | $0 |
| DORENDA SMITH | DIRECTOR Trustee or director | 1 | $0 |
| MIKE WHITWORTH | DIRECTOR Trustee or director | 1 | $0 |
| LOYIE WINKEL | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 770, PALESTINE, TX 75802-0770
- In care of
- % HENRY LINK
- Principal officer (990 for 2024)
- JERRY NOWLIN, PO BOX 770, PALESTINE, TX 75802
- Signed the 990
- JERRY NOWLIN, PRESIDENT
- Phone
- (903) 729-6048
- Return prepared by
- BOLTON SULLIVAN TAYLOR & WEBER LLP
Mission
THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS TO GRANT EDUCATIONAL SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS.
Program accomplishments
- THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS TO GRANT EDUCATIONAL SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS. PAYMENTS ARE MADE DIRECTLY TO SCHOOLS FOR TUITION AND FEES. RECIPIENTS PROVIDE GRADES AND PROOF OF ENROLLMENT TO WILLIAM BONNER INGRAM SCHOLARSHIP FUND, INC. EACH SEMESTER.Expenses $22,375 · grants $22,375
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not 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
- 75-2750401
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $798,590
- Income (IRS master file)
- $96,975
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $83,698 | $32,647 | $798,590 | XML |
| 990 | December 2023 | $131,539 | $28,994 | $747,539 | XML |
| 990 | December 2022 | $29,140 | $25,655 | $644,994 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 75-2750401).
Questions about WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC
- What is the EIN of WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC is 75-2750401.
- Is WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WILLIAM BONNER INGRAM SCHOLARSHIP 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 WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC 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 WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC 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 WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2024 names JERRY NOWLIN.
- Who are the officers and directors of WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does WILLIAM BONNER INGRAM SCHOLARSHIP FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $83,698, expenses of $32,647 and total assets of $798,590 at year end.
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