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Nonprofit · EIN 75-2937444

CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION

Tax-exempt · WELLINGTON, TX 79095

Financials

$39K$42K2022$54K$60K2023
Revenue Expenses · by fiscal year end
Financials of CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2024990$53,640$60,282-$6,642$1,379,317$0$1,379,317
September 30, 2023990$38,512$42,305-$3,793$1,385,958$0$1,385,958
Financial details: 990 for the year ended September 30, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$12
Investment income
$50,794
Royalties
$2,834
Other revenue
$2,834

Expenses

Grants and similar amounts paid
$59,650
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$632
Program services (functional)
$59,650
Management and general (functional)
$632

Balance sheet and other

Total assets, start of year
$1,385,958
Total assets, end of year
$1,379,317
Total liabilities, end of year
$0
Net assets, end of year
$1,379,317
Net assets with donor restrictions
$1,379,317
Gross receipts
$53,640
Employees
0
Volunteers
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 September 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
CARL TAYLORDIRECTOR
Trustee or director
0$0
LYNN BARTLETTDIRECTOR
Trustee or director
0$0
LUKE INMANDIRECTOR
Trustee or director
0$0
KAREN CALDWELLDIRECTOR
Trustee or director
0$0
KURT ASHMOREDIRECTOR
Trustee or director
0$0
FRANK JONESPRESIDENT
Officer
0$0
JACQUE GARNERTREASURER
Officer
0$0
BEV ODOMSECRETARY
Officer
0$0
990 for the year ended September 30, 2023: 8 people
NameTitleHours / weekCompensation
CARL TAYLORDIRECTOR
Trustee or director
0$0
LYNN BARTLETTDIRECTOR
Trustee or director
0$0
LUKE INMANDIRECTOR
Trustee or director
0$0
KAREN CALDWELLDIRECTOR
Trustee or director
0$0
KURT ASHMOREDIRECTOR
Trustee or director
0$0
FRANK JONESPRESIDENT
Officer
0$0
JACQUE GARNERTREASURER
Officer
0$0
BEV ODOMSECRETARY
Officer
0$0

Address and contacts

Address (IRS master file)
1014 15TH ST, WELLINGTON, TX 79095-3704
In care of
% FRANK H JONES
Principal officer (990 for 2023)
FRANK JONES, PO BOX 86, WELLINGTON, TX 79095
Signed the 990
FRANK JONES, PRESIDENT
Phone
(806) 447-2521
Return prepared by
CHARLES W DARTER JR CPA

Mission

NONE

990 for the year ended September 30, 2024

Program accomplishments

  • EARNINGS ON RESTRICTED ASSETS ARE USED TO GIVE SCHOLARSHIPS TO MEDICAL STUDENTS, IN AN EFFORT TO ATTRACT DOCTORS AND OTHER MEDICAL PROFESSIONALS TO THE COLLINGSWORTH AREA.
    Expenses $59,650 · grants $59,650 · revenue $53,641

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

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026Not on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
75-2937444
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2001
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$1,379,317
Income (IRS master file)
$53,640

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2024$53,640$60,282$1,379,317XML
990September 2023$38,512$42,305$1,385,958XML
990September 2022$16,604$30,996$1,389,751IRS
990September 2021–––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 75-2937444).

Questions about CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION

What is the EIN of CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION?
The employer identification number (EIN) of CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION is 75-2937444.
Is CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does CAL AND INA SUGG MEDICAL 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 CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2024.
Who is the principal officer of CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION?
The 990 for the year ended September 30, 2024 names FRANK JONES.
Who are the officers and directors of CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION?
The 990 for the year ended September 30, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does CAL AND INA SUGG MEDICAL SCHOLARSHIP FOUNDATION have?
On its 990 for the year ended September 30, 2024 it reported revenue of $53,640, expenses of $60,282 and total assets of $1,379,317 at year end.

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