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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 80-0793084

FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC

Tax-exempt · W LONG BRANCH, NJ 07764

Financials

$27K$27K2023$26K$30K2024
Revenue Expenses · by fiscal year end
Financials of FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$25,920$30,220-$4,300$7,160$63$7,097
December 31, 2023990-EZ$27,479$27,028$451$11,425$28$11,397
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$25,920
Program service revenue
$0
Investment income
$0

Expenses

Compensation of officers, directors and key employees
$0
Other expenses
$30,220
Program services (functional)
$6,500

Balance sheet and other

Total assets, start of year
$11,425
Total assets, end of year
$7,160
Total liabilities, end of year
$63
Net assets, end of year
$7,097
Cash, savings and investments
$7,160
Gross receipts
$25,920

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
LUCILLE VASFAILOPRESIDENT AND TRUSTEE10$0
FRANK R VASFAILOTRUSTEE10$0
JENNIFER VASFAILOTRUSTEE & TREASURER2$0
JUSTIN COPPOLATRUSTEE & SECRETARY1$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
LUCILLE VASFAILOPRESIDENT AND TRUSTEE10$0
FRANK R VASFAILOTRUSTEE10$0
JENNIFER VASFAILOTRUSTEE & TREASURER2$0
JUSTIN COPPOLATRUSTEE & SECRETARY1$0

Address and contacts

Address (IRS master file)
7 BEACH CT, W LONG BRANCH, NJ 07764-1639
In care of
% LUCILLE VASFAILO
Mailing address (990-N for 2016)
178 Castlewall Avenue, Long Branch NJ 07740
Principal officer (990-N for 2016)
Lucille Vasfailo, 178 Castlewall Avenue, Long Branch NJ 07740
Signed the 990-EZ
LUCILLE VASFAILO, PRESIDENT AND TRUSTEE
Phone
(732) 496-9702
Return prepared by
Lavinia Mears Ruby CPA LLC

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING WESLEY COLLEGE

990-EZ for the year ended December 31, 2024

Program accomplishments

  • SCHOLARSHIP GRANTS TO STUDENTS AT WESLEY COLLEGE
    Expenses $6,500 · grants $6,500

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

File the 2025 990-N for FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
80-0793084
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
2014
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B11)
Assets (IRS master file)
$7,160
Income (IRS master file)
$25,920

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$25,920$30,220$7,160XML
990-EZDecember 2023$27,479$27,028$11,425XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS
990-N for 2016
Officer: Lucille Vasfailo
December 31, 2016≤ $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 80-0793084).

Questions about FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC

What is the EIN of FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC?
The employer identification number (EIN) of FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC is 80-0793084.
Is FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of FRANK VASFAILO III MEMORIAL 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 FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC 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 FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC?
The 990-N for 2016 names Lucille Vasfailo.
Who are the officers and directors of FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC?
The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does FRANK VASFAILO III MEMORIAL SCHOLARSHIP FUND INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $25,920, expenses of $30,220 and total assets of $7,160 at year end.

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