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Nonprofit · EIN 94-2583274

SCHOLARSHIP ASSOCIATES INC

Tax-exempt · LOS ANGELES, CA 90056

Financials

$17K$104K2023$35K$87K2024
Revenue Expenses · by fiscal year end
Financials of SCHOLARSHIP ASSOCIATES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
February 28, 2025990-EZ$35,466$86,870-$51,404$169,307$0$169,307
February 29, 2024990-EZ$16,747$104,265-$87,518$220,711$0$220,711
Financial details: 990-EZ for the year ended February 28, 2025

Revenue

Contributions, gifts and grants
$24,898
Program service revenue
$0
Investment income
$10,568
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Other expenses
$86,870
Program services (functional)
$86,008

Balance sheet and other

Total assets, start of year
$220,711
Total assets, end of year
$169,307
Total liabilities, end of year
$0
Net assets, end of year
$169,307
Cash, savings and investments
$169,307
Gross receipts
$35,466

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 February 28, 2025, highest compensation first.

NameTitleHours / weekCompensation
Connie BensonSecretary0.5$0
Rachelle KingTreasurer0.5$0
Lisa LoftusBoard Member0.25$0
David OliverPresident0.5$0
Walter HaightBoard Member0.25$0
990-EZ for the year ended February 29, 2024: 6 people
NameTitleHours / weekCompensation
Sharon TerrillChairman1$0
Connie BensonSecretary0.5$0
Rachelle KingTreasurer1$0
Lisa LoftusDirector0.5$0
David OliverInterim President1$0
Walter HaightBoard Member0.5$0

Address and contacts

Address (IRS master file)
5326 S HOLT AVE, LOS ANGELES, CA 90056-1122
Signed the 990-EZ
Rachelle King, Treasurer
Phone
(310) 625-2398

California records

California keeps its own records of charities and corporations. Search them by EIN 94-2583274 or by the name SCHOLARSHIP ASSOCIATES INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

Provide Scholarships

990-EZ for the year ended February 28, 2025

Program accomplishments

  • Scholarships
    Expenses $86,008

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 February, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025February 28, 2026July 15, 2026Not on file
2024February 28, 2025July 15, 2025990-EZ on file
2023February 29, 2024July 15, 2024990-EZ on file

File the 2025 990-N for SCHOLARSHIP ASSOCIATES INC

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

IRS record

EIN
94-2583274
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
1979
Accounting year ends
February
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$169,307
Income (IRS master file)
$35,466

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZFebruary 2025$35,466$86,870$169,307XML
990-EZFebruary 2024$16,747$104,265$220,711XML
990-EZFebruary 2023–––IRS
990-EZFebruary 2022–––IRS
990-EZFebruary 2021–––IRS
990-EZFebruary 2020–––IRS
990-EZFebruary 2019–––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 94-2583274).

Questions about SCHOLARSHIP ASSOCIATES INC

What is the EIN of SCHOLARSHIP ASSOCIATES INC?
The employer identification number (EIN) of SCHOLARSHIP ASSOCIATES INC is 94-2583274.
Is SCHOLARSHIP ASSOCIATES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to SCHOLARSHIP ASSOCIATES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SCHOLARSHIP ASSOCIATES INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of SCHOLARSHIP ASSOCIATES INC due?
The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SCHOLARSHIP ASSOCIATES INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended February 2025.
Who are the officers and directors of SCHOLARSHIP ASSOCIATES INC?
The 990-EZ for the year ended February 28, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does SCHOLARSHIP ASSOCIATES INC have?
On its 990-EZ for the year ended February 28, 2025 it reported revenue of $35,466, expenses of $86,870 and total assets of $169,307 at year end.

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