Nonprofit · EIN 52-1115933
BIC EDUCATIONAL FOUNDATION
Tax-exempt · ELKRIDGE, MD 21075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $699,679 | $882,787 | -$183,108 | $10,151,786 | $182,000 | $9,969,786 |
| June 30, 2024 | 990-PF | $177,919 | $833,848 | -$655,929 | $10,384,057 | $260,000 | $10,124,057 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $248,103
- Interest
- $106,323
- Net gain from sales of assets
- $345,253
Expenses
- Grants and similar amounts paid
- $642,511
- Compensation of officers, directors and key employees
- $62,500
- Disbursements for charitable purposes
- $642,511
- Excise tax on investment income
- $7,401
Balance sheet and other
- Total assets, start of year
- $10,384,057
- Total assets, end of year
- $10,151,786
- Total liabilities, end of year
- $182,000
- Net assets, end of year
- $9,969,786
- Fair market value of assets
- $13,610,771
- Qualifying distributions
- $642,511
- Net investment income
- $699,679
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELLEN SAVAL 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | EXECUTIVE DIRECTOR | 2 | $62,500 |
| HAROLD GRAUL 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | CHAIRMAN | 1 | $0 |
| STUART AMOS 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | TRUSTEE | 1 | $0 |
| PAUL SAVAL 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | TRUSTEE | 1 | $0 |
| RICHARD ROE 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | TRUSTEE | 1 | $0 |
990-PF for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELLEN SAVAL 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | EXECUTIVE DIRECTOR | 2 | $55,000 |
| HAROLD GRAUL 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | CHAIRMAN | 1 | $0 |
| STUART AMOS 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | TRUSTEE | 1 | $0 |
| PAUL SAVAL 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | TRUSTEE | 1 | $0 |
| RICHARD ROE 6655 SANTA BARBARA ROAD, ELKRIDGE, MD 21076 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6655 SANTA BARBARA RD UNIT 8096, ELKRIDGE, MD 21075-7504
- Signed the 990-PF
- HAROLD GRAUL, CHAIRMAN
- Phone
- (410) 340-8039
- Website
- WWW.BICSCHOLARSHIP.ORG
- Return prepared by
- GROSS MENDELSOHN & ASSOCIATES PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 52-1115933
- 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
- 1978
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $10,151,786
- Income (IRS master file)
- $1,833,066
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $699,679 | $882,787 | $10,151,786 | XML |
| 990-PF | June 2024 | $177,919 | $833,848 | $10,384,057 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 52-1115933).
Questions about BIC EDUCATIONAL FOUNDATION
- What is the EIN of BIC EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of BIC EDUCATIONAL FOUNDATION is 52-1115933.
- Is BIC EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to BIC EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BIC EDUCATIONAL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BIC EDUCATIONAL FOUNDATION 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 BIC EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of BIC EDUCATIONAL FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $62,500 (ELLEN SAVAL, EXECUTIVE DIRECTOR).
- How much revenue does BIC EDUCATIONAL FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $699,679, expenses of $882,787 and total assets of $10,151,786 at year end.
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