Nonprofit · EIN 27-4752544
SHOALS SCHOLAR DOLLARS FOUNDATION INC
Tax-exempt · FLORENCE, AL 35630
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $356,801 | $301,354 | $55,447 | $445,355 | $0 | $445,355 |
| June 30, 2024 | 990 (amended) | $362,597 | $305,690 | $56,907 | $389,908 | $0 | $389,908 |
| June 30, 2023 | 990 | $202,544 | $146,865 | $55,679 | $333,001 | $0 | $333,001 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $84,624
- of which government grants
- $18,037
- Program service revenue
- $0
- Investment income
- $11,698
- Net income from fundraising events
- $260,479
- Other revenue
- $260,479
Expenses
- Grants and similar amounts paid
- $39,029
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $619
- Program services (functional)
- $51,157
- Fundraising (functional)
- $250,197
Balance sheet and other
- Total assets, start of year
- $389,908
- Total assets, end of year
- $445,355
- Total liabilities, end of year
- $0
- Net assets, end of year
- $445,355
- Net assets without donor restrictions
- $445,355
- Gross receipts
- $356,801
- Employees
- 0
- Year formed
- 2011
- State of legal domicile
- AL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE HAMM | SECRETARY Officer | – | $0 |
| CRYSTAL REED | VICE-PRESIDE Officer | – | $0 |
| JOSHUA RUSSELL | TREASURER Officer | – | $0 |
| LIZ THOMAS | PRESIDENT Officer | – | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE HAMM | SECRETARY Officer | – | $0 |
| CRYSTAL REED | VICE-PRESIDE Officer | – | $0 |
| JOSHUA RUSSELL | TREASURER Officer | – | $0 |
| LIZ THOMAS | PRESIDENT Officer | – | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAY BOLDEN | SECRETARY Officer | – | $0 |
| CHRIS ESTAVE | PRESIDENT Officer | – | $0 |
| CRYSTAL REED | VICE-PRESIDE Officer | – | $0 |
| JOSHUA RUSSELL | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 475 S SEMINARY ST, FLORENCE, AL 35630-5660
- In care of
- % PATTERSON PRINCE AND ASSOCIATES
- Principal officer (990 for 2024)
- LIZ THOMAS, 475 S SEMINARY ST, FLORENCE, AL 35630
- Signed the 990
- JOSHUA RUSSELL, TREASURER
- Phone
- (256) 766-8915
- Website
- WWW.SHOALSSCHOLARDOLLARS.COM
- Return prepared by
- PATTERSON PRINCE AND ASSOCIATES PC
Mission
TO IMPROVE THE SHOALS AREA BY WAY OF EDUCATIONAL ENHANCEMENT AND JOB SKILLS.
Program accomplishments
- TO IMPROVE THE SHOALS AREA BY WAY OF EDUCATIONAL ENHANCEMENT AND JOB SKILLS.Expenses $51,157 · grants $39,029
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4752544
- 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
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $445,355
- Income (IRS master file)
- $356,801
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $356,801 | $301,354 | $445,355 | XML |
| 990 | June 2024 | $362,597 | $305,690 | $389,908 | XML |
| 990 | June 2023 | $202,544 | $146,865 | $333,001 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 27-4752544).
Questions about SHOALS SCHOLAR DOLLARS FOUNDATION INC
- What is the EIN of SHOALS SCHOLAR DOLLARS FOUNDATION INC?
- The employer identification number (EIN) of SHOALS SCHOLAR DOLLARS FOUNDATION INC is 27-4752544.
- Is SHOALS SCHOLAR DOLLARS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to SHOALS SCHOLAR DOLLARS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHOALS SCHOLAR DOLLARS FOUNDATION INC 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 SHOALS SCHOLAR DOLLARS FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHOALS SCHOLAR DOLLARS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SHOALS SCHOLAR DOLLARS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names LIZ THOMAS.
- Who are the officers and directors of SHOALS SCHOLAR DOLLARS FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does SHOALS SCHOLAR DOLLARS FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $356,801, expenses of $301,354 and total assets of $445,355 at year end.
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