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Nonprofit · EIN 23-7749232

ETHEL JEFFERSON SCHOLARSHIP FUND

Also known as DANESE RICHARD JR TTEE

Tax-exempt · NEWTOWN, PA 18940

Financials

$136K$107K2023$156K$96K2024$90K$93K2025
Revenue Expenses · by fiscal year end
Financials of ETHEL JEFFERSON SCHOLARSHIP FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$89,782$92,730-$2,948$1,012,718$0$1,012,718
December 31, 2024990-PF$156,127$95,657$60,470$1,015,394$0$1,015,394
December 31, 2023990-PF$135,652$107,375$28,277$955,194$0$955,194
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$48,781
Net gain from sales of assets
$41,001

Expenses

Grants and similar amounts paid
$78,000
Compensation of officers, directors and key employees
$11,495
Disbursements for charitable purposes
$78,000
Excise tax on investment income
$1,075

Balance sheet and other

Total assets, start of year
$1,015,394
Total assets, end of year
$1,012,718
Total liabilities, end of year
$0
Net assets, end of year
$1,012,718
Fair market value of assets
$1,747,190
Qualifying distributions
$78,000
Net investment income
$89,782

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.

NameTitleHours / weekCompensation
FIRST NATIONAL BANK OF NEWTOWN
34 S STATE STREET, NEWTOWN, PA 18940
TRUSTEE2$11,495
990-PF for the year ended December 31, 2024: 1 people
NameTitleHours / weekCompensation
FIRST NATIONAL BANK OF NEWTOWN
34 S STATE STREET, NEWTOWN, PA 18940
TRUSTEE2$11,181
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
FIRST NATIONAL BANK OF NEWTOWN
34 S STATE STREET, NEWTOWN, PA 18940
TRUSTEE2$10,651
RICHARD DANESE ESQ
2 NORTH STATE STREET, NEWTOWN, PA 18940
COMMITTEE MEMBER10$0

Address and contacts

Address (IRS master file)
34 S STATE ST, NEWTOWN, PA 18940-1953
In care of
% FNB
Signed the 990-PF
FIRST NATIONAL BANK TRUST CO, Trustee
Phone
(215) 968-4872
Return prepared by
KRUGGEL LAWTON & COMPANY LLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
23-7749232
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
1994
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,012,718
Income (IRS master file)
$103,878

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$89,782$92,730$1,012,718IRS
990-PFDecember 2024$156,127$95,657$1,015,394IRS
990-PFDecember 2023$135,652$107,375$955,194XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 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 23-7749232).

Questions about ETHEL JEFFERSON SCHOLARSHIP FUND

What is the EIN of ETHEL JEFFERSON SCHOLARSHIP FUND?
The employer identification number (EIN) of ETHEL JEFFERSON SCHOLARSHIP FUND is 23-7749232.
Is ETHEL JEFFERSON SCHOLARSHIP FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to ETHEL JEFFERSON SCHOLARSHIP FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ETHEL JEFFERSON SCHOLARSHIP FUND file?
Form 990-PF. Private foundations file every year.
When is the next return of ETHEL JEFFERSON 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 ETHEL JEFFERSON 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 ETHEL JEFFERSON SCHOLARSHIP FUND?
The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $11,495 (FIRST NATIONAL BANK OF NEWTOWN, TRUSTEE).
How much revenue does ETHEL JEFFERSON SCHOLARSHIP FUND have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $89,782, expenses of $92,730 and total assets of $1,012,718 at year end.

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