Nonprofit · EIN 99-1404987
NATIONAL SCHOLARSHIP TRUST
Tax-exempt · MIDLAND, TX 79701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $0 | $8,620 | -$8,620 | $60 | $32,571 | -$32,511 |
| December 31, 2024 | 990 | $0 | $14,996 | -$14,996 | $94 | $23,951 | -$23,857 |
| December 31, 2023 | 990 | $0 | $8,861 | -$8,861 | $0 | $8,861 | -$8,861 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $540
- Legal fees
- $450
- Accounting fees
- $149
- Occupancy
- $590
- Management and general (functional)
- $7,743
- Fundraising (functional)
- $877
Balance sheet and other
- Total assets, start of year
- $94
- Total assets, end of year
- $60
- Total liabilities, end of year
- $32,571
- Net assets, end of year
- -$32,511
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2023
- State of legal domicile
- TX
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATALIO D BUDASOFF | PresidentDirector Trustee or director, Officer | 5 | $0 |
| CALEB G JOHNSON | Vice PresidentDirecto Trustee or director, Officer | 2 | $0 |
| CHRISTINE A BUDASOFF | TreasurerDirector Trustee or director, Officer | 2 | $0 |
| ADAM F GRIFFIN | SecretaryDirector Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATALIO D BUDASOFF | PresidentDirector Trustee or director, Officer | 7 | $0 |
| CALEB G JOHNSON | Vice PresidentDirecto Trustee or director, Officer | 2 | $0 |
| CHRISTINE A BUDASOFF | TreasurerDirector Trustee or director, Officer | 2 | $0 |
| ADAM F GRIFFIN | SecretaryDirector Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATALIO D BUDASOFF | PRESIDENTDIRECTOR Trustee or director, Officer | 10 | $0 |
| CALEB G JOHNSON | VICE PRESIDENTDIRECTO Trustee or director, Officer | 2 | $0 |
| CHRISTINE A BUDASOFF | TREASURERDIRECTOR Trustee or director, Officer | 3 | $0 |
| ADAM F GRIFFIN | SECRETARYDIRECTOR Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 223 W WALL ST STE 299, MIDLAND, TX 79701-4687
- In care of
- % NATALIO D BUDASOFF
- Principal officer (990 for 2025)
- NATALIO D BUDASOFF, 223 WEST WALL ST STE 299, MIDLAND, TX 79701
- Signed the 990
- NATALIO D BUDASOFF, PRESIDENTDIRECTOR
- Phone
- (432) 400-8456
- Website
- NATIONALSCHOLARSHIP.ORG
Mission
SEE SCHEDULE O
Program accomplishments
- THE ORGANIZATION ESTABLISHED ITS FIRST ADVISED SCHOLARSHIP FUND IN FURTHERANCE OF ITS EXEMPT PURPOSE. PREPARED SCHOLARSHIP FUND FOR ITS INITIAL SCHOLARSHIP CYCLE, INCLUDING DEVELOPMENT AND ADMINISTRATIVE PLANNING. NO SCHOLARSHIP AWARDS WERE MADE DURING THE TAX YEAR.
- N/A
- N/A
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 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 99-1404987
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $60
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $0 | $8,620 | $60 | XML |
| 990 | December 2024 | $0 | $14,996 | $94 | IRS |
| 990 | December 2023 | $0 | $8,861 | $0 | 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 99-1404987).
Questions about NATIONAL SCHOLARSHIP TRUST
- What is the EIN of NATIONAL SCHOLARSHIP TRUST?
- The employer identification number (EIN) of NATIONAL SCHOLARSHIP TRUST is 99-1404987.
- Is NATIONAL SCHOLARSHIP TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to NATIONAL SCHOLARSHIP TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL SCHOLARSHIP TRUST file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NATIONAL SCHOLARSHIP TRUST 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 NATIONAL SCHOLARSHIP TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NATIONAL SCHOLARSHIP TRUST?
- The 990 for the year ended December 31, 2025 names NATALIO D BUDASOFF.
- Who are the officers and directors of NATIONAL SCHOLARSHIP TRUST?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does NATIONAL SCHOLARSHIP TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $0, expenses of $8,620 and total assets of $60 at year end.
Other nonprofits in MIDLAND
- MIDLAND CHRISTIAN SCHOOL EIN 75-6004672 · last filed 990 for 2025
- TRINITY SCHOOL OF MIDLAND TEXAS EIN 75-0995808 · last filed 990 for 2025
- ABELL-HANGER FOUNDATION EIN 75-6020781 · last filed 990-PF for 2025
- MIDLAND COLLEGE FOUNDATION INC EIN 23-7315067 · last filed 990 for 2024
- BYNUM SCHOOL EIN 75-1932925 · last filed 990 for 2025
- MIDLAND CLASSICAL ACADEMY EIN 75-2760945 · last filed 990 for 2024
- MIDLAND ACADEMY CHARTER SCHOOL INC EIN 31-1614310 · last filed 990 for 2025
- HILLANDER SCHOOL EIN 75-1096475 · last filed 990 for 2025