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Nonprofit · EIN 86-2927008

MEGAN SCHULMAN MEMORIAL FOUNDATION

Tax-exempt · MYRTLE BEACH, SC 29579

Financials

$58K$15K2023$125K$140K2024
Revenue Expenses · by fiscal year end
Financials of MEGAN SCHULMAN MEMORIAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$125,362$139,682-$14,320$176,546$0$176,546
December 31, 2023990-EZ$58,021$15,088$42,933$190,866–$190,866
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$60,151
Program service revenue
$0
Investment income
$10,379
Net income from fundraising events
$54,832
Other revenue
$54,832

Expenses

Grants and similar amounts paid
$132,338
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$132,338
Management and general (functional)
$3,553
Fundraising (functional)
$3,791

Balance sheet and other

Total assets, start of year
$190,866
Total assets, end of year
$176,546
Total liabilities, end of year
$0
Net assets, end of year
$176,546
Gross receipts
$201,180
Employees
0

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
STUART SCHULMANPresident
Trustee or director
20$0
MICHELE SCHULMANVice President
Trustee or director
5$0
JENNA SCHULMANSecretary
Trustee or director
2$0
TYLER SCHULMANTreasurer
Trustee or director
2$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
STUART SCHULMANPresident0$0
MICHELE SCHULMANVice President0$0
JENNA SCHULMANSecretary0$0
TYLER SCHULMANTreasurer0$0

Address and contacts

Address (IRS master file)
618 INDIGO BAY CIR, MYRTLE BEACH, SC 29579-3685
Signed the 990
STUART SCHULMAN, President
Phone
(908) 872-8534
Return prepared by
GERALD C REISS CPA

Mission

DONATIONS & SCHOLARSHIPS

990 for the year ended December 31, 2024

Program accomplishments

  • MEGAN SCHULMAN PEDIATRIC VASCULAR ANOMALIES CLINIC AT K. HOVNANIAN CHILDREN'S HOSPITAL - TO EMPHASIZE COLLABORATIVE CARE FOR VASCULAR ANOMALIES PATIENTS.
    Expenses $100,000
  • CT CHILDREN'S FOUNDATION - TO IMPROVE THE PHYSCIAL, SOCIAL & EMOTIONAL HEALTH OF CHILDREN
    Expenses $19,838
  • PROVIDE ANNUAL SCHOLARSHIPS TO 3 DESERVING STUDENTS OF FREEHOLD TOWNSHIP HIGH SCHOOL
    Expenses $5,000
  • CHURCHILL BUTTERFLY EFFECT OF KINDNESS INITIATIVE - A PROGRAM THAT PROVIDES SMALL GRANTS TO STUDENTS TO PERFORM RANDOM ACTS OF KINDNESS.
    Expenses $5,000
  • ANNUAL HOLLY JOLLY HOLIDAY BREAKFAST-SERVE UNDERSERVED CHILDREN DURING THE HOLIDAY SEASON. SERVE HOT MEAL & PROVIDE HOLIDAY ACTIVITIES TO 50 DISADVANTAGED KIDS IN ST LOUIS AREA
    Expenses $2,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
86-2927008
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P12)
Assets (IRS master file)
$176,546
Income (IRS master file)
$201,180

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$125,362$139,682$176,546XML
990-EZDecember 2023$58,021$15,088$190,866XML
990-EZDecember 2022–––IRS
990-EZDecember 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 86-2927008).

Questions about MEGAN SCHULMAN MEMORIAL FOUNDATION

What is the EIN of MEGAN SCHULMAN MEMORIAL FOUNDATION?
The employer identification number (EIN) of MEGAN SCHULMAN MEMORIAL FOUNDATION is 86-2927008.
Is MEGAN SCHULMAN MEMORIAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to MEGAN SCHULMAN MEMORIAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MEGAN SCHULMAN MEMORIAL 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 MEGAN SCHULMAN MEMORIAL FOUNDATION 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 MEGAN SCHULMAN MEMORIAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of MEGAN SCHULMAN MEMORIAL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does MEGAN SCHULMAN MEMORIAL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $125,362, expenses of $139,682 and total assets of $176,546 at year end.

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