Nonprofit · EIN 54-1521506
LYNELL OLIVER BAKER SCHOLARSHIP FUND INC
Tax-exempt · SUFFOLK, VA 23434
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-PF | $43,103 | $12,192 | $30,911 | $237,565 | $0 | $237,565 |
| July 31, 2024 | 990-PF | $30,059 | $11,005 | $19,054 | $199,450 | $0 | $199,450 |
| July 31, 2023 | 990-PF | $23,645 | $10,761 | $12,884 | $167,000 | $0 | $167,000 |
Financial details: 990-PF for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $34,992
- Dividends
- $4,984
- Interest
- $1,692
- Net gain from sales of assets
- $1,435
Expenses
- Grants and similar amounts paid
- $10,500
- Disbursements for charitable purposes
- $10,500
- Excise tax on investment income
- $89
Balance sheet and other
- Total assets, start of year
- $199,450
- Total assets, end of year
- $237,565
- Total liabilities, end of year
- $0
- Net assets, end of year
- $237,565
- Fair market value of assets
- $237,565
- Qualifying distributions
- $10,500
- Net investment income
- $8,111
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH POWELL HELMS 838 STATEVILLE ROAD, COMO, NC 27818 | Director | 0 | $0 |
| EMILY KNICK 1432 HUNNINGDON WOODS BLVD, CHESAPEAKE, VA 23320 | Vice President | 0 | $0 |
| PAIGE HILL 309 BOSLEY AVENUE, SUFFOLK, VA 23434 | Director | 0 | $0 |
| FRANK A SPADY III 1013 W WASHINGTON ST, SUFFOLK, VA 23434 | Treasurer | 0 | $0 |
| LEE BAINES 9261 STONEGATE LANE, RHOADSVILLE, VA 22542 | Director | 0 | $0 |
| LYNN B CROSS 826 CRAIG DRIVE, SUFFOLK, VA 23434 | President | 0 | $0 |
| LYNNE B BAINES 9261 STONEGATE LANE, RHOADESVILLE, VA 22542 | Director | 0 | $0 |
| BLAIR HINES 10204 SLIDINGROCK DRIVE, MECHANICSVILLE, VA 23116 | Director | 0 | $0 |
| LOU ELLEN BASS 701 SUFFOLK STREET, KILL DEVIL HILLS, NC 27948 | Director | 0 | $0 |
| MICHAEL D KINSEY 4109 TARKLE RIDGE DRIVE, KITTY HAWK, NC 27949 | Director | 0 | $0 |
| KATHY HILL-HENDERSON 5609 CANTERBURY LANE, SUFFOLK, VA 23435 | Director | 0 | $0 |
| KELLY A BAKER 116 BREWER AVENUE, SUFFOLK, VA 23434 | Secretary | 0 | $0 |
| ASHLEY HEBERLING 4900 ORIOLE DRIVE, CHESAPEAKE, VA 23321 | Director | 0 | $0 |
990-PF for the year ended July 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH POWELL HELMS 838 STATEVILLE ROAD, COMO, NC 27818 | Director | 0 | $0 |
| EMILY KNICK 141 SEASIDE LANE, VIRGINIA BEACH, VA 23462 | Vice President | 0 | $0 |
| PAIGE HILL 309 BOSLEY AVENUE, SUFFOLK, VA 23434 | Director | 0 | $0 |
| FRANK A SPADY III 1013 W WASHINGTON ST, SUFFOLK, VA 23434 | Treasurer | 0 | $0 |
| LEE BAINES 4465 TRUE BLUE ROAD, CULPEPPER, VA 22701 | Director | 0 | $0 |
| LYNN B CROSS 409 FOREST HILL CRESCENT, SUFFOLK, VA 23434 | President | 0 | $0 |
| LYNNE B BAINES 9261 STONEGATE LANE, RHOADESVILLE, VA 22542 | Director | 0 | $0 |
| BLAIR HINES 10204 SLIDINGROCK DRIVE, MECHANICSVILLE, VA 23116 | Director | 0 | $0 |
| LOU ELLEN BASS 7795 QUAKER DRIVE, SUFFOLK, VA 23437 | Director | 0 | $0 |
| MICHAEL D KINSEY 100 LONGVIEW CIRCLE, SMITHFIELD, VA 23430 | Director | 0 | $0 |
| KATHY HILL-HENDERSON 5609 CANTERBURY LANE, SUFFOLK, VA 23435 | Director | 0 | $0 |
| KELLY A BAKER 2845 N SHORE DRIVE, SUFFOLK, VA 23435 | Secretary | 0 | $0 |
| ASHLEY HEBERLING 4900 ORIOLE DRIVE, CHESAPEAKE, VA 23321 | Director | 0 | $0 |
990-PF for the year ended July 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTHA K KINSEY 401 BOSLEY AVENUE, SUFFOLK, VA 23434 | Director | 0 | $0 |
| EMILY KNICK 141 SEASIDE LANE, VIRGINIA BEACH, VA 23462 | Vice President | 0 | $0 |
| PAIGE HILL 309 BOSLEY AVENUE, SUFFOLK, VA 23434 | Director | 0 | $0 |
| FRANK A SPADY III 1013 W WASHINGTON ST, SUFFOLK, VA 23434 | Treasurer | 0 | $0 |
| LEE BAINES 4465 TRUE BLUE ROAD, CULPEPPER, VA 22701 | Director | 0 | $0 |
| LYNN B CROSS 409 FOREST HILL CRESCENT, SUFFOLK, VA 23434 | President | 0 | $0 |
| LYNNE B BAINES 9261 STONEGATE LANE, RHOADESVILLE, VA 22542 | Director | 0 | $0 |
| BLAIR HINES 10204 SLIDINGROCK DRIVE, MECHANICSVILLE, VA 23116 | Director | 0 | $0 |
| LOU ELLEN BASS 7795 QUAKER DRIVE, SUFFOLK, VA 23437 | Director | 0 | $0 |
| MICHAEL D KINSEY 100 LONGVIEW CIRCLE, SMITHFIELD, VA 23430 | Director | 0 | $0 |
| KATHY HILL-HENDERSON 5609 CANTERBURY LANE, SUFFOLK, VA 23435 | Director | 0 | $0 |
| KELLY A BAKER 2845 N SHORE DRIVE, SUFFOLK, VA 23435 | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1013 W WASHINGTON ST, SUFFOLK, VA 23434-6243
- Signed the 990-PF
- FRANK A SPADY III, Treasurer
- Phone
- (757) 539-2953
- Return prepared by
- BOYCE SPADY & MOORE PLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-PF on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-PF on file |
IRS record
- EIN
- 54-1521506
- 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
- 1991
- Accounting year ends
- July
- Files
- Form 990-PF
- Assets (IRS master file)
- $237,565
- Income (IRS master file)
- $108,936
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | July 2025 | $43,103 | $12,192 | $237,565 | XML |
| 990-PF | July 2024 | $30,059 | $11,005 | $199,450 | XML |
| 990-PF | July 2023 | $23,645 | $10,761 | $167,000 | XML |
| 990-PF | July 2022 | – | – | – | IRS |
| 990-PF | July 2021 | – | – | – | IRS |
| 990-PF | July 2020 | – | – | – | 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 54-1521506).
Questions about LYNELL OLIVER BAKER SCHOLARSHIP FUND INC
- What is the EIN of LYNELL OLIVER BAKER SCHOLARSHIP FUND INC?
- The employer identification number (EIN) of LYNELL OLIVER BAKER SCHOLARSHIP FUND INC is 54-1521506.
- Is LYNELL OLIVER BAKER SCHOLARSHIP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to LYNELL OLIVER BAKER SCHOLARSHIP FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LYNELL OLIVER BAKER SCHOLARSHIP FUND INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LYNELL OLIVER BAKER SCHOLARSHIP FUND INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LYNELL OLIVER BAKER SCHOLARSHIP FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended July 2025.
- Who are the officers and directors of LYNELL OLIVER BAKER SCHOLARSHIP FUND INC?
- The 990-PF for the year ended July 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does LYNELL OLIVER BAKER SCHOLARSHIP FUND INC have?
- On its 990-PF for the year ended July 31, 2025 it reported revenue of $43,103, expenses of $12,192 and total assets of $237,565 at year end.
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