Nonprofit · EIN 22-2589716
KING SCHOLARSHIP FUND
Also known as NORSTAR TRUST CO TRUSTEE
Tax-exempt · ITHACA, NY 14851
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $66,719 | $41,398 | $25,321 | $625,939 | $0 | $625,939 |
| December 31, 2024 | 990-PF | $59,654 | $32,309 | $27,345 | $599,736 | $0 | $599,736 |
| December 31, 2023 | 990-PF | $20,320 | $38,702 | -$18,382 | $573,022 | $0 | $573,022 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $16,613
- Net gain from sales of assets
- $50,106
Expenses
- Grants and similar amounts paid
- $22,000
- Compensation of officers, directors and key employees
- $10,509
- Disbursements for charitable purposes
- $28,130
- Excise tax on investment income
- $745
Balance sheet and other
- Total assets, start of year
- $599,736
- Total assets, end of year
- $625,939
- Total liabilities, end of year
- $0
- Net assets, end of year
- $625,939
- Fair market value of assets
- $787,465
- Qualifying distributions
- $28,130
- Net investment income
- $66,719
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA PO BOX 653067, DALLAS, TX 752653067 | TRUSTEE | 1 | $10,509 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA PO BOX 653067, DALLAS, TX 752653067 | TRUSTEE | 1 | $9,767 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA PO BOX 653067, DALLAS, TX 752653067 | TRUSTEE | 1 | $9,041 |
Address and contacts
- Address (IRS master file)
- PO BOX 6437, ITHACA, NY 14851-6437
- In care of
- % BANK OF AMERICA NA
- Signed the 990-PF
- TAMARA S AMICI, VP AND FID SERV
- Phone
- (607) 273-0037
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-2589716
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $625,939
- Income (IRS master file)
- $141,051
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $66,719 | $41,398 | $625,939 | XML |
| 990-PF | December 2024 | $59,654 | $32,309 | $599,736 | XML |
| 990-PF | December 2023 | $20,320 | $38,702 | $573,022 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 22-2589716).
Questions about KING SCHOLARSHIP FUND
- What is the EIN of KING SCHOLARSHIP FUND?
- The employer identification number (EIN) of KING SCHOLARSHIP FUND is 22-2589716.
- Is KING SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to KING SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KING SCHOLARSHIP FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KING SCHOLARSHIP FUND 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 KING SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of KING SCHOLARSHIP FUND?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $10,509 (BANK OF AMERICA, TRUSTEE).
- How much revenue does KING SCHOLARSHIP FUND have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $66,719, expenses of $41,398 and total assets of $625,939 at year end.
Other nonprofits in ITHACA
- CORNELL UNIVERSITY EIN 15-0532082 · last filed 990 for 2025
- CAYUGA MEDICAL CENTER AT ITHACA EIN 22-2325405 · last filed 990 for 2024
- ITHACA COLLEGE EIN 15-0532204 · last filed 990 for 2025
- CAYUGA MEDICAL ASSOCIATES PC EIN 20-4356115 · last filed 990 for 2024
- FRANZISKA RACKER CENTERS INC EIN 15-0581887 · last filed 990 for 2024
- PARK FOUNDATION INC EIN 16-6071043 · last filed 990-PF for 2024
- KENDAL AT ITHACA EIN 52-1787487 · last filed 990 for 2024
- TOMPKINS CONSOLIDATED AREA TRANSIT INC EIN 20-1549485 · last filed 990 for 2024