Nonprofit · EIN 83-3720695
SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED
Tax-exempt · CHARLOTTE, NC 28217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $366,149 | $202,752 | $163,397 | $829,653 | $0 | $829,653 |
| June 30, 2024 | 990 | $401,364 | $93,908 | $307,456 | $666,256 | $0 | $666,256 |
| June 30, 2023 | 990 | $399,727 | $61,694 | $338,033 | $358,800 | $0 | $358,800 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $335,672
- Program service revenue
- $0
- Investment income
- $30,477
- Net gain from sales of assets
- $24
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $193,179
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $425
- Program services (functional)
- $193,179
- Management and general (functional)
- $5,156
- Fundraising (functional)
- $4,417
Balance sheet and other
- Total assets, start of year
- $666,256
- Total assets, end of year
- $829,653
- Total liabilities, end of year
- $0
- Net assets, end of year
- $829,653
- Net assets without donor restrictions
- $829,653
- Gross receipts
- $366,149
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2019
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SRIDHAR DASU | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ADAM STARLING | TREASURER Trustee or director, Officer | 1 | $0 |
| LILIANA LOPEZ | TRUSTEE Trustee or director | 1 | $0 |
| ENRIQUE ALVAREZ | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Malik Dixon | President Trustee or director, Officer | 1 | $0 |
| AJ Farooqi | Vice President Trustee or director, Officer | 1 | $0 |
| Adam Starling | Treasurer Trustee or director, Officer | 1 | $0 |
| Weiyi Ning | Trustee Trustee or director | 1 | $0 |
| Mani Ramasamy | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Malik Dixon | President Trustee or director, Officer | 1 | $0 |
| AJ Farooqi | Vice President Trustee or director, Officer | 1 | $0 |
| Adam Starling | Treasurer Trustee or director, Officer | 1 | $0 |
| Weiyi Ning | Trustee Trustee or director | 1 | $0 |
| Mani Ramasamy | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5225 77 CENTER DR, CHARLOTTE, NC 28217-0708
- In care of
- % ADAM STARLING
- Principal officer (990 for 2024)
- SRIDHAR DASU, 5225 - 77 CENTER DRIVE, CHARLOTTE, NC 28217
- Signed the 990
- LILIANA LOPEZ, TREASURER
- Phone
- (704) 503-1112
- Website
- WWW.SCHOLARSACADEMY.ORG
- 990-N for 2020 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Adam Starling, 5225 77 Center Drive, Charlotte NC 28217. Mailing address: 5225 77 Center Drive, Charlotte NC 28217.
- Return prepared by
- SHARPE PATEL CPA
Mission
TO SUPPORT THE METROLINA REGIONAL SCHOLARS ACADEMY, INC. BY RAISING FUNDS AND COLLECTING CHARITABLE DONATIONS
Program accomplishments
- THE ORGANIZATION COLLECTED CHARITABLE DONATIONS TO SUPPORT THE METROLINA REGIONAL SCHOLARS ACADEMY.Expenses $193,179 · grants $193,179
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 83-3720695
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $829,653
- Income (IRS master file)
- $366,149
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $366,149 | $202,752 | $829,653 | IRS |
| 990 | June 2024 | $401,364 | $93,908 | $666,256 | XML |
| 990 | June 2023 | $399,727 | $61,694 | $358,800 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: Adam Starling Filed under this EIN, most likely by a chapter or affiliate | June 30, 2021 | ≤ $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 83-3720695).
Questions about SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED
- What is the EIN of SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED?
- The employer identification number (EIN) of SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED is 83-3720695.
- Is SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED 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 SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED?
- The 990 for the year ended June 30, 2025 names SRIDHAR DASU.
- Who are the officers and directors of SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does SCHOLARS ACADEMY FOUNDATION FOR THE GIFTED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $366,149, expenses of $202,752 and total assets of $829,653 at year end.
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