Nonprofit · EIN 92-0326163
ACORN SCHOLARSHIP FUND INC
Tax-exempt · RALEIGH, NC 27615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $678,357 | $173,306 | $505,051 | $757,272 | $0 | $757,272 |
| August 31, 2024 | 990 | $202,697 | $83,839 | $118,858 | $244,511 | $0 | $244,511 |
| August 31, 2023 | 990-EZ | $137,353 | $29,026 | $108,327 | $120,670 | $0 | $120,670 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $651,806
- Program service revenue
- $0
- Investment income
- $26,551
- Net gain from sales of assets
- $2,742
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $167,950
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $167,950
- Management and general (functional)
- $4,866
- Fundraising (functional)
- $490
Balance sheet and other
- Total assets, start of year
- $244,511
- Total assets, end of year
- $757,272
- Total liabilities, end of year
- $0
- Net assets, end of year
- $757,272
- Publicly traded securities
- $670,057
- Net assets without donor restrictions
- $757,272
- Gross receipts
- $863,790
- Employees
- 0
- Volunteers
- 41
- Year formed
- 2022
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Larry Potter | President Trustee or director, Officer | 15 | $0 |
| Ruth Van Sickle | Vice President Trustee or director, Officer | 8 | $0 |
| James Hart | Secretary Trustee or director, Officer | 7 | $0 |
| William Shaffer | Treasurer Trustee or director, Officer | 15 | $0 |
| Victoria Frierson | Board Member Trustee or director | 10 | $0 |
| Richard Gambill | Board Member Trustee or director | 8 | $0 |
| Sue Horn | Board Member Trustee or director | 7 | $0 |
| Elizabeth Martinelli | Board Member Trustee or director | 8 | $0 |
| Phyllis Rideout | Board Member Trustee or director | 10 | $0 |
| Judy McConnell | Board Member Trustee or director | 8 | $0 |
| Dana Robinson | Board Member Trustee or director | 8 | $0 |
990 for the year ended August 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Larry Potter | President Trustee or director, Officer | 15 | $0 |
| Dana Robinson | Vice President Trustee or director, Officer | 8 | $0 |
| Elizabeth Martinelli | Secretary Trustee or director, Officer | 7 | $0 |
| William Shaffer | Treasurer Trustee or director, Officer | 10 | $0 |
| Victoria Frierson | Board Member Trustee or director | 8 | $0 |
| Phyllis Rideout | Board Member Trustee or director | 8 | $0 |
990-EZ for the year ended August 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Larry Potter | President | 15 | $0 |
| Dana Robinson | Vice President | 8 | $0 |
| Betty Ann Martinelli | Secretary | 7 | $0 |
| William Shaffer | Treasurer | 10 | $0 |
| Mary Cichocki | Board Member | 8 | $0 |
| Pam Rideout | Board Member | 8 | $0 |
| Tom Roberg | Board Member | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 9650 STRICKLAND RD STE 103 PMB 313, RALEIGH, NC 27615-1903
- In care of
- % WILLIAM SHAFFER
- Mailing address (990-N for 2022)
- 9650 Strickland Rd Ste 103-313, Raleigh NC 27615
- Principal officer (990 for 2024)
- Larry Potter, 8821 Cypress Lakes Drive, Unit 405, Raleigh, NC 27615
- Principal officer (990-N for 2022)
- Larry Potter, 8604 Cypress Lakes Dr, Raleigh NC 27615
- Signed the 990
- William Shaffer, Treasurer
- Phone
- (919) 349-9951
Mission
The Acorn Scholarship Fund provides scholarships to employees of the Cypress of Raleigh Club Inc.
Program accomplishments
- Scholarships to community colleges, universities, and vocational schools for 51 employees of the Cypress of Raleigh Club.Expenses $134,273 · grants $134,273
- The Fund provides individual grants to 28 recipients.Expenses $33,677 · grants $33,677
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 92-0326163
- 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
- 2023
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $757,272
- Income (IRS master file)
- $863,790
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $678,357 | $173,306 | $757,272 | XML |
| 990 | August 2024 | $202,697 | $83,839 | $244,511 | XML |
| 990-EZ | August 2023 | $137,353 | $29,026 | $120,670 | XML |
| 990-N for 2022 Officer: Larry Potter | December 31, 2022 | ≤ $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 92-0326163).
Questions about ACORN SCHOLARSHIP FUND INC
- What is the EIN of ACORN SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of ACORN SCHOLARSHIP FUND INC is 92-0326163.
- Is ACORN SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to ACORN SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACORN SCHOLARSHIP FUND INC 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 ACORN SCHOLARSHIP FUND INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACORN SCHOLARSHIP FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of ACORN SCHOLARSHIP FUND INC?
- The 990 for the year ended August 31, 2025 names Larry Potter.
- Who are the officers and directors of ACORN SCHOLARSHIP FUND INC?
- The 990 for the year ended August 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does ACORN SCHOLARSHIP FUND INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $678,357, expenses of $173,306 and total assets of $757,272 at year end.
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