Nonprofit · EIN 83-3175469
STEP FORWARD SCHOLARSHIP FUND
Tax-exempt · CHAPEL HILL, NC 27515
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 (amended) | $238,209 | $153,660 | $84,549 | $426,531 | $3,530 | $423,001 |
| December 31, 2024 | 990 | $233,617 | $168,086 | $65,531 | $318,963 | $0 | $318,963 |
| December 31, 2023 | 990 | $210,918 | $133,506 | $77,412 | $253,432 | $0 | $253,432 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $219,379
- Program service revenue
- $0
- Investment income
- $18,830
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $130,419
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $132,098
- Management and general (functional)
- $11,552
- Fundraising (functional)
- $10,010
Balance sheet and other
- Total assets, start of year
- $330,464
- Total assets, end of year
- $426,531
- Total liabilities, end of year
- $3,530
- Net assets, end of year
- $423,001
- Publicly traded securities
- $209,665
- Net assets without donor restrictions
- $304,590
- Net assets with donor restrictions
- $118,411
- Gross receipts
- $238,209
- Employees
- 0
- Volunteers
- 18
- Year formed
- 2018
- State of legal domicile
- NC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nancy Broaddus | President Trustee or director, Officer | 15 | $0 |
| Janet Shaw | Vice President Trustee or director, Officer | 8 | $0 |
| Peter Koelsch | Treasurer Trustee or director, Institutional trustee | 10 | $0 |
| Eduardo Sanchez | Secretary Trustee or director, Officer | 8 | $0 |
| David Hopkinns | Board Member Trustee or director | 8 | $0 |
| Jane Mayberry | Board Member Trustee or director | 8 | $0 |
| Janie Butler | Board Member Trustee or director | 8 | $0 |
| Karen Degner | Board Member Trustee or director | 8 | $0 |
| Larry Manaugh | Board Member Trustee or director | 8 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nancy Broaduss | President Trustee or director, Officer | 0 | $0 |
| Eduardo Sanchez | Secretary Trustee or director, Officer | 0 | $0 |
| Udo Koopmann | Treasurer Trustee or director, Officer | 0 | $0 |
| Janet Shaw | Vice President Trustee or director, Officer | 0 | $0 |
| Janie Butler | Director Trustee or director | 0 | $0 |
| David Hopkins | Director Trustee or director | 0 | $0 |
| Karen Degner | Director Trustee or director | 0 | $0 |
| Larry Manaugh | Director Trustee or director | 0 | $0 |
| Jane Mayberry | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nancy Broaduss | President Trustee or director, Officer | 0 | $0 |
| Eduardo Sanchez | Secretary Trustee or director, Officer | 0 | $0 |
| Udo Koopmann | Treasurer Trustee or director, Officer | 0 | $0 |
| Bill Wallace | Director Trustee or director | 0 | $0 |
| Bhavna Patel | Director Trustee or director | 0 | $0 |
| Janet Shaw | Director Trustee or director | 0 | $0 |
| Janie Butler | Director Trustee or director | 0 | $0 |
| John Zaramba | Vice President Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4631, CHAPEL HILL, NC 27515-4631
- In care of
- % NANCY BROADDUS
- Mailing address (990-N for 2018)
- PO Box 4631, Chapel Hill NC 27517
- Principal officer (990 for 2025)
- Peter M Koelsch Treasurer, 78003 Stokes, Chapel Hill, NC 27517
- Principal officer (990-N for 2018)
- William Wallace, 97530 Franklin Ridge, Chapel Hill NC 27517
- Signed the 990
- Peter M Koelsch, Treasurer
- Phone
- (919) 923-1541
- Website
- stepforwardgc.org
Mission
Provide Scholarships to employees of Governors Club and their legal dependents by following a rigorous and clearly defined selection process.
Program accomplishments
- Provided Scholarships to 24 students for College, University, Technical College, Community College, or Trade Association related expenses.Expenses $132,098 · grants $130,419
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 | 990 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
- 83-3175469
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $426,531
- Income (IRS master file)
- $238,209
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $238,209 | $153,660 | $426,531 | XML |
| 990 | December 2024 | $233,617 | $168,086 | $318,963 | IRS |
| 990 | December 2023 | $210,918 | $133,506 | $253,432 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2018 Officer: William Wallace | June 30, 2019 | ≤ $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 83-3175469).
Questions about STEP FORWARD SCHOLARSHIP FUND
- What is the EIN of STEP FORWARD SCHOLARSHIP FUND?
- The employer identification number (EIN) of STEP FORWARD SCHOLARSHIP FUND is 83-3175469.
- Is STEP FORWARD SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to STEP FORWARD SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STEP FORWARD SCHOLARSHIP FUND 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 STEP FORWARD SCHOLARSHIP FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STEP FORWARD SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of STEP FORWARD SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2025 names Peter M Koelsch Treasurer.
- Who are the officers and directors of STEP FORWARD SCHOLARSHIP FUND?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does STEP FORWARD SCHOLARSHIP FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $238,209, expenses of $153,660 and total assets of $426,531 at year end.
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- UNIVERSITY OF NORTH CAROLINA CHAPEL HILL ARTS AND SCIENCES FOUNDATION EIN 56-1150509 · last filed 990 for 2025
- EDUCATION FOUNDATION SCHOLARSHIP ENDOWMENT TRUST EIN 56-6094839 · last filed 990 for 2025
- UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL FOUNDATION INC EIN 59-1711424 · last filed 990 for 2025
- MOREHEAD CAIN FOUNDATION EIN 56-0599225 · last filed 990-PF for 2025
- GENERAL ALUMNI ASSOC EIN 56-6000469 · last filed 990 for 2025