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Nonprofit · EIN 80-0402833

JEFFREY A CLAY SCHOLARSHIP FUND

Tax-exempt · VINELAND, NJ 08361

Financials

$32$4K2023$299$4K2024
Revenue Expenses · by fiscal year end
Financials of JEFFREY A CLAY SCHOLARSHIP FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$299$3,601-$3,302$57,981–$57,981
December 31, 2023990-EZ$32$3,590-$3,558$0–$61,283
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Investment income
$299

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$540
Other expenses
$3,061
Program services (functional)
$3,000

Balance sheet and other

Total assets, start of year
$61,283
Total assets, end of year
$57,981
Total liabilities, end of year
–
Net assets, end of year
$57,981
Cash, savings and investments
$57,981
Gross receipts
$299

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JAMES CLAY JRPRESIDENT0$0
JAMES CLAY SRVICE PRESIDE0$0
KATHLEEN CLAYSECRETARY/TR0$0
JEREMY BRUNNERTRUSTEE0$0
RONALD FRANCESCHINITRUSTEE0$0
DR FRANK D'ORIOTRUSTEE0$0
TARA CLAYTRUSTEE0$0
MARSHELL GRESSMANTRUSTEE0$0
DR DARREN LUGIANOTRUSTEE0$0
990-EZ for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
JAMES CLAY JRPRESIDENT0$0
JAMES CLAY SRVICE PRESIDE0$0
KATHLEEN CLAYSECRETARY/TR0$0
JEREMY BRUNNERTRUSTEE0$0
RONALD FRANCESCHINITRUSTEE0$0
DR FRANK D'ORIOTRUSTEE0$0
TARA CLAYTRUSTEE0$0
MARSHELL GRESSMANTRUSTEE0$0
DR DARREN LUGIANOTRUSTEE0$0

Address and contacts

Address (IRS master file)
3157 PALERMO AVE, VINELAND, NJ 08361-7314
In care of
% MR AND MRS JAMES A CLAY
Mailing address (990-N for 2012)
3157 Palermo Avenue, Vineland NJ 08361
Principal officer (990-N for 2012)
James A Clay, 3157 Palermo Avenue, Vineland NJ 08361
Signed the 990-EZ
KATHLEEN CLAY, SECRETARY/TREASURER
Phone
(856) 696-1514
Return prepared by
LINDA M AVENA CPA PA

Mission

THE JEFFREY A CLAY MEMORIAL SCHOLARSHIP FUND, INC., IS A COMMUNITY-BASED NON-PROFIT CORPORATION THAT SEEKS TO RAISE FUNDS FOR CITY OF VINELAND HIGH SCHOOL STUDENTS AND TECHNICAL SCHOOL STUDENTS WHO PLAN TO ATTEND A COLLEGE PROGRAM MINDFUL OF THE SIGNIFICANT FINANCIAL DISTRESS OF THE CITY OF VINELAND, COUNTY OF CUMBERLAND, STATE OF NEW JERSEY, AREA. THIS SUPPORT ALSO FOSTERS BONDS OF FRATERNITY, FRIENDSHIP AND COOPERATION WHICH BENEFITS THE SCHOOL SYSTEM AND COMMUNITY AS A WHOLE.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • THE CORPORATION RECOGNIZES THE EXTREME HARDSHIP FOR STUDENTS OF THE CITY OF VINELAND, COUNTY OF CUMBERLAND, STATE OF NJ, IN MATTERS OF HIGHER EDUCATION. THE CORPORATION AWARDS SCHOLARSHIPS TO A COLLEGE BOUND SENIOR GRADUATE TO SUPPORT AND ENCOURAGE STUDENT ATHLETES SINCE THEY ARE VITAL TO A STRONG COMMUNITY.
    Expenses $3,000

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
80-0402833
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$57,981
Income (IRS master file)
$299

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$299$3,601$57,981XML
990-EZDecember 2023$32$3,590$0XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS
990-N for 2012
Officer: James A Clay
December 31, 2012≤ $50,000 receipts––e-Postcard

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 80-0402833).

Questions about JEFFREY A CLAY SCHOLARSHIP FUND

What is the EIN of JEFFREY A CLAY SCHOLARSHIP FUND?
The employer identification number (EIN) of JEFFREY A CLAY SCHOLARSHIP FUND is 80-0402833.
Is JEFFREY A CLAY SCHOLARSHIP FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to JEFFREY A CLAY SCHOLARSHIP FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does JEFFREY A CLAY SCHOLARSHIP FUND file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of JEFFREY A CLAY SCHOLARSHIP FUND 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 JEFFREY A CLAY SCHOLARSHIP FUND last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of JEFFREY A CLAY SCHOLARSHIP FUND?
The 990-N for 2012 names James A Clay.
Who are the officers and directors of JEFFREY A CLAY SCHOLARSHIP FUND?
The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does JEFFREY A CLAY SCHOLARSHIP FUND have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $299, expenses of $3,601 and total assets of $57,981 at year end.

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