Nonprofit · EIN 52-1542954
MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION
Tax-exempt · OWINGS MILLS, MD 21117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $18,457 | $81,679 | -$63,222 | $366,112 | $23,597 | $342,515 |
| June 30, 2024 | 990 | $26,397 | $31,855 | -$5,458 | $400,409 | $20,051 | $380,358 |
| June 30, 2023 | 990 | $23,168 | $20,478 | $2,690 | $375,025 | $20,101 | $354,924 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,979
- Program service revenue
- $0
- Investment income
- $12,184
- Net income from fundraising events
- $2,294
- Other revenue
- $2,294
Expenses
- Grants and similar amounts paid
- $74,375
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $81,679
Balance sheet and other
- Total assets, start of year
- $400,409
- Total assets, end of year
- $366,112
- Total liabilities, end of year
- $23,597
- Net assets, end of year
- $342,515
- Gross receipts
- $18,670
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1987
- State of legal domicile
- MD
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 |
|---|---|---|---|
| WILLIAM L FRICK | PRESIDENT TREASURER Trustee or director, Officer | 1 | $0 |
| DAVID CHURCHMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES ARNIE | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| ROBERT MEDBERY | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRISTOPHER POWELL | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT MEDBERY | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRISTOPHER POWELL | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID CHURCHMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM L FRICK | PRESIDENT TREASURER Trustee or director, Officer | 1 | $0 |
| CHRISTINE C GIOVETTI | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES ARNIE | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROY FRICK | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRISTINE C GIOVETTI | SECRETARY Trustee or director, Officer | 1 | $0 |
| PATRICIA MAGER | TREASURER Trustee or director, Officer | 1 | $0 |
| DAVID CHURCHMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES ARNIE | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT MEDBERY | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRISTOPHER POWELL | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 10451 MILL RUN CIR STE 625, OWINGS MILLS, MD 21117-5673
- In care of
- % WILLIAM L FRICK
- Signed the 990
- WILLIAM L FRICK, PRESIDENTTREASURER
- Phone
- (800) 922-9672
- Website
- MSASCHOLARSHIPS.ORG
- Return prepared by
- FRICK-RIMEL ACCOUNTING INC
Mission
AWARD SCHOLARSHIPS TO STUDENTS STUDYING ACCOUNTING AND ATTENDING COLLEGES / UNIVERSTITIES IN THE STATE OF MARYLAND
Program accomplishments
- AWARDED COLLEGE SCHOLARSHIPS TO STUDENTS STUDYING ACCOUNTINGExpenses $81,679 · grants $74,375
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 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
- 52-1542954
- 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
- 1991
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $366,112
- Income (IRS master file)
- $18,670
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $18,457 | $81,679 | $366,112 | XML |
| 990 | June 2024 | $26,397 | $31,855 | $400,409 | XML |
| 990 | June 2023 | $23,168 | $20,478 | $375,025 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 52-1542954).
Questions about MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION
- What is the EIN of MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION is 52-1542954.
- Is MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP 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 MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does MD SOCIETY OF ACCOUNTANTS SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $18,457, expenses of $81,679 and total assets of $366,112 at year end.
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