Nonprofit · EIN 75-2886725
THE SCOVELL SCHOLARSHIP FOUNDATION
Tax-exempt · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $251,823 | $112,470 | $139,353 | $2,902,141 | $0 | $2,902,141 |
| May 31, 2024 | 990 | $169,448 | $111,820 | $57,628 | $2,761,286 | $0 | $2,761,286 |
| May 31, 2023 | 990 | -$14,141 | $117,491 | -$131,632 | $2,462,426 | $0 | $2,462,426 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $23,950
- Program service revenue
- $0
- Investment income
- $227,691
- Net gain from sales of assets
- $136,151
- Other revenue
- $182
Expenses
- Grants and similar amounts paid
- $75,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,426
- Program services (functional)
- $88,587
- Management and general (functional)
- $23,883
Balance sheet and other
- Total assets, start of year
- $2,761,286
- Total assets, end of year
- $2,902,141
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,902,141
- Net assets without donor restrictions
- $2,902,141
- Gross receipts
- $251,823
- Employees
- 0
- Volunteers
- 14
- Year formed
- 2000
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bill Palen | trustee Trustee or director | 0.1 | $0 |
| BILL SPICER | Trustee Trustee or director | 0.1 | $0 |
| Bob Furguson | Trustee Trustee or director | 0.1 | $0 |
| Warren Gravely | Trustee Trustee or director | 0.1 | $0 |
| Jack e Irons | TRUSTEE Trustee or director | 0.1 | $0 |
| Sue Lavender | Trustee Trustee or director | 0.1 | $0 |
| Jack Roberts | Secretary Trustee or director, Officer | 4 | $0 |
| king Scovell | Co PRESIDENT Trustee or director, Officer | 4 | $0 |
| Scott Lavender | Co PRESIDENT Trustee or director, Officer | 4 | $0 |
| SAM FLORES | trustee Trustee or director | 0.1 | $0 |
| Margaret Lavender | trustee Trustee or director | 0.1 | $0 |
| Debbie Middlebrook | trustee Trustee or director | 0.1 | $0 |
| JIM CHIAK | TREASURER Trustee or director, Officer | 4 | $0 |
| STEVE HARGROVE | TRUSTEE Trustee or director | 0.1 | $0 |
990 for the year ended May 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bill Palen | trustee Trustee or director | 0.1 | $0 |
| BILL SPICER | Trustee Trustee or director | 0.1 | $0 |
| Bob Furguson | Trustee Trustee or director | 0.1 | $0 |
| Warren Gravely | Trustee Trustee or director | 0.1 | $0 |
| Jack e Irons | TRUSTEE Trustee or director | 0.1 | $0 |
| Sue Lavender | Trustee Trustee or director | 0.1 | $0 |
| Jack Roberts | Secretary Trustee or director, Officer | 4 | $0 |
| king Scovell | Co PRESIDENT Trustee or director, Officer | 4 | $0 |
| Scott Lavender | Co PRESIDENT Trustee or director, Officer | 4 | $0 |
| SAM FLORES | trustee Trustee or director | 0.1 | $0 |
| Margaret Lavender | trustee Trustee or director | 0.1 | $0 |
| Debbie Middlebrook | trustee Trustee or director | 0.1 | $0 |
| JIM CHIAK | TREASURER Trustee or director, Officer | 4 | $0 |
| STEVE HARGROVE | TRUSTEE Trustee or director | 0.1 | $0 |
990 for the year ended May 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bill Palen | trustee Trustee or director | 0.1 | $0 |
| BILL SPICER | Trustee Trustee or director | 0.1 | $0 |
| Bob Furguson | Trustee Trustee or director | 0.1 | $0 |
| Warren Gravely | Trustee Trustee or director | 0.1 | $0 |
| Jack e Irons | TRUSTEE Trustee or director | 0.1 | $0 |
| Sue Lavender | Trustee Trustee or director | 0.1 | $0 |
| Jack Roberts | Secretary Trustee or director, Officer | 4 | $0 |
| king Scovell | Co PRESIDENT Trustee or director, Officer | 4 | $0 |
| Scott Lavender | Co PRESIDENT Trustee or director, Officer | 4 | $0 |
| SAM FLORES | trustee Trustee or director | 0.1 | $0 |
| Margaret Lavender | trustee Trustee or director | 0.1 | $0 |
| Debbie Middlebrook | trustee Trustee or director | 0.1 | $0 |
| JIM CHIAK | TREASURER Trustee or director, Officer | 4 | $0 |
| STEVE HARGROVE | TRUSTEE Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 1845 WOODALL RODGERS FWY STE 1700, DALLAS, TX 75201-2288
- In care of
- % JIM CIHAK
- Principal officer (990 for 2024)
- KING SCOVELL, 1845 WOODALL RODGERS STE 1700, dallas, TX 75201
- Signed the 990
- JIM CIHAK, Treasurer
- Phone
- (214) 855-6025
- Website
- www.scovellscholarship.com
- Return prepared by
- BRUCE E BERNSTIEN & ASSOCIATES
Mission
THE SCOVELL SCHOLARSHIP FOUNDATION HONORS THE MEMORY OF LONGTIME DALLAS AMBASSADOR AND COTTON BOWL TEAM SELECTION CHAIRMAN FIELD SCOVELL AND MARY, HIS WIFE OF NEARLY 50 YEARS, BOTH OF WHOM HAD A PASSION FOR YOUNG PEOPLE AND EDUCATION. ESTABLISHED IN 2000, THE SCOVELL FOUNDATION ANNUALLY AWARDS THOUSANDS OF DOLLARS IN SCHOLARSHIPS TO NORTH TEXAS YOUTHS WITH HIGH MORAL CHARACTER, LEADERSHIP ABILITIES, FINANCIAL NEED AND A CONNECTION TO SPORTS.
Program accomplishments
- Student Scholarships ($5,000 per student * 15 )Expenses $88,587 · grants $75,000
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2886725
- 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
- 2000
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,902,141
- Income (IRS master file)
- $251,823
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $251,823 | $112,470 | $2,902,141 | XML |
| 990 | May 2024 | $169,448 | $111,820 | $2,761,286 | XML |
| 990 | May 2023 | -$14,141 | $117,491 | $2,462,426 | XML |
| 990 | May 2022 | $362,218 | $97,270 | $2,598,398 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 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 75-2886725).
Questions about THE SCOVELL SCHOLARSHIP FOUNDATION
- What is the EIN of THE SCOVELL SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of THE SCOVELL SCHOLARSHIP FOUNDATION is 75-2886725.
- Is THE SCOVELL SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to THE SCOVELL SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SCOVELL SCHOLARSHIP FOUNDATION 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 THE SCOVELL SCHOLARSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE SCOVELL SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of THE SCOVELL SCHOLARSHIP FOUNDATION?
- The 990 for the year ended May 31, 2025 names KING SCOVELL.
- Who are the officers and directors of THE SCOVELL SCHOLARSHIP FOUNDATION?
- The 990 for the year ended May 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does THE SCOVELL SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $251,823, expenses of $112,470 and total assets of $2,902,141 at year end.
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