Nonprofit · EIN 99-0426305
LL DAVIS SCHOLARSHIP FOUNDATION LLC
Tax-exempt · RUIDOSO DOWNS, NM 88346
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $79,347 | $129,749 | -$50,402 | $13,922 | – | $13,922 |
| December 31, 2024 | 990-EZ | $140,598 | $76,274 | $64,324 | $64,324 | – | $64,324 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $79,347
Expenses
- Grants and similar amounts paid
- $56,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $72,797
- Other expenses
- $952
- Program services (functional)
- $56,000
Balance sheet and other
- Total assets, start of year
- $64,324
- Total assets, end of year
- $13,922
- Total liabilities, end of year
- –
- Net assets, end of year
- $13,922
- Cash, savings and investments
- $13,922
- Gross receipts
- $79,347
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURIN PRATHER | CHAIR | 0 | $0 |
| MARY ADELE BALCH | VICE-CHAIR | 0 | $0 |
| LUCIUS BUNTON | SECRETARY-TR | 0 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURIN PRATHER | CHAIR | 0 | $0 |
| MARY ADELE BALCH | VICE-CHAIR | 0 | $0 |
| LUCIUS BUNTON | SECRETARY-TR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 402, RUIDOSO DOWNS, NM 88346-0402
- Signed the 990-EZ
- LUCIUS BUNTON, SECRETARY-TREASURER
- Phone
- (575) 378-3788
- Return prepared by
- MVEA LLP
Mission
THE FOUNDATIONS MISSION IS TO SOLICIT CONTRIBUTIONS FROM INDIVIDUALS AND ORGANIZATIONS TO PROVIDE ANNUAL SCHOLARSHIPS FOR CONTINUING EDUCATION TO QUALIFIED EMPLOYEES OF THE RUIDOSO JOCKEY CLUB AND TO PROVIDE DISASTER RELIEF FOR ELIGIBLE EMPLOYEES.
Program accomplishments
- IN 2025, THE FOUNDATION PROVIDED 1000.00 FOR EACH OF 55 ELIGIBLE EMPLOYEES (A TOTAL OF 55,000.00) AS DISASTER RELIEF AFTER FIRES AND FLOODS CLOSED THE RUIDOSO DOWNS RACE TRACK DURING THE RACING SEASON.Expenses $55,000 · grants $55,000
- EMPLOYEE SCHOLARSHIP DISTRIBUTION TO 1 EMPLOYEE FOR TOTAL AMOUNT OF 1,000.Expenses $1,000 · grants $1,000
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-0426305
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $13,922
- Income (IRS master file)
- $79,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $79,347 | $129,749 | $13,922 | XML |
| 990-EZ | December 2024 | $140,598 | $76,274 | $64,324 | XML |
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 99-0426305).
Questions about LL DAVIS SCHOLARSHIP FOUNDATION LLC
- What is the EIN of LL DAVIS SCHOLARSHIP FOUNDATION LLC?
- The employer identification number (EIN) of LL DAVIS SCHOLARSHIP FOUNDATION LLC is 99-0426305.
- Is LL DAVIS SCHOLARSHIP FOUNDATION LLC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to LL DAVIS SCHOLARSHIP FOUNDATION LLC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LL DAVIS SCHOLARSHIP FOUNDATION LLC 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 LL DAVIS SCHOLARSHIP FOUNDATION LLC 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 LL DAVIS SCHOLARSHIP FOUNDATION LLC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of LL DAVIS SCHOLARSHIP FOUNDATION LLC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LL DAVIS SCHOLARSHIP FOUNDATION LLC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $79,347, expenses of $129,749 and total assets of $13,922 at year end.
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