Nonprofit · EIN 54-2079731
PROJECT SCHOLARS INC
Tax-exempt · CLERMONT, FL 34712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $173,034 | $213,405 | -$40,371 | $312,117 | $69,815 | $242,302 |
| September 30, 2024 | 990 | $147,456 | $72,076 | $75,380 | $457,415 | $184,742 | $272,673 |
| September 30, 2023 | 990 | $116,682 | $62,833 | $53,849 | $364,444 | $167,151 | $197,293 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $234,895
- of which government grants
- $17,695
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$61,861
- Other revenue
- -$61,861
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,606
- Program services (functional)
- $39,616
- Management and general (functional)
- $173,788
Balance sheet and other
- Total assets, start of year
- $467,415
- Total assets, end of year
- $312,117
- Total liabilities, end of year
- $69,815
- Net assets, end of year
- $242,302
- Net assets without donor restrictions
- $115,516
- Net assets with donor restrictions
- $126,786
- Gross receipts
- $403,420
- Employees
- 0
- Year formed
- 2002
- State of legal domicile
- FL
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Rountree | President Trustee or director, Officer | 2 | $0 |
| Justin Nichols | Vice President Trustee or director, Officer | 2 | $0 |
| Don Rose | Treasurer Trustee or director, Officer | 2 | $0 |
| Patty Delaney | Secretary Trustee or director, Officer | 2 | $0 |
| Lisa Busto | Director Trustee or director | 1 | $0 |
| Jo Ann Jones | Director Trustee or director | 1 | $0 |
| Tom English | Director Trustee or director | 1 | $0 |
| Angela Ratter | Director Trustee or director | 1 | $0 |
| Nancy Srodes | Director Trustee or director | 1 | $0 |
| Chelsea Metka | Director Trustee or director | 1 | $0 |
| Lisa Hernandez | Director Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Rountree | President Trustee or director, Officer | 2 | $0 |
| Justin Nichols | Vice President Trustee or director, Officer | 2 | $0 |
| Don Rose | Treasurer Trustee or director, Officer | 2 | $0 |
| Patty Delaney | Secretary Trustee or director, Officer | 2 | $0 |
| Lisa Busto | Director Trustee or director | 1 | $0 |
| Jo Ann Jones | Director Trustee or director | 1 | $0 |
| Tom English | Director Trustee or director | 1 | $0 |
| Sean Parks | Director Trustee or director | 1 | $0 |
| Nancy Srodes | Director Trustee or director | 1 | $0 |
| Chelsea Metka | Director Trustee or director | 1 | $0 |
| Lisa Hernandez | Director Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Rountree | President Trustee or director, Officer | 2 | $0 |
| Justin Nichols | Vice President Trustee or director, Officer | 2 | $0 |
| Don Rose | Treasurer Trustee or director, Officer | 2 | $0 |
| Patty Delaney | Secretary Trustee or director, Officer | 2 | $0 |
| Lisa Busto | Director Trustee or director | 1 | $0 |
| Jo Ann Jones | Director Trustee or director | 1 | $0 |
| Tom English | Director Trustee or director | 1 | $0 |
| Sean Parks | Director Trustee or director | 1 | $0 |
| Jose Gonzalez | Director Trustee or director | 1 | $0 |
| Chelsea Metka | Director Trustee or director | 1 | $0 |
| Ra Villegas | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 121543, CLERMONT, FL 34712-1543
- Principal officer (990 for 2024)
- Paul Rountree, 1515 East Highway 50, Clermont, FL 34711
- Signed the 990
- Paul Rountree, President
- Phone
- (407) 467-0685
- Website
- www.pigonthepond.org
- Return prepared by
- All Your Financial Needs Inc
Mission
Pig on the Pond was incorporated in October 2002 as a supporting organization of the Community Foundation of South Lake County, Inc. for the purpose of conducting an annual barbecue competition and festival. The net proceeds of the events are used for scholarships and grants.
Program accomplishments
- The main purpose of the organization is to raise funds that will be used to provide scholarships to high school students with its primary fundraisers being a community festival as well as donations from individuals.Expenses $39,616
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 54-2079731
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $312,117
- Income (IRS master file)
- $403,420
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $173,034 | $213,405 | $312,117 | XML |
| 990 | September 2024 | $147,456 | $72,076 | $457,415 | XML |
| 990 | September 2023 | $116,682 | $62,833 | $364,444 | XML |
| 990 | September 2022 | $138,347 | $124,259 | $331,487 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 54-2079731).
Questions about PROJECT SCHOLARS INC
- What is the EIN of PROJECT SCHOLARS INC?
- The employer identification number (EIN) of PROJECT SCHOLARS INC is 54-2079731.
- Is PROJECT SCHOLARS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to PROJECT SCHOLARS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT SCHOLARS 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 PROJECT SCHOLARS INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROJECT SCHOLARS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of PROJECT SCHOLARS INC?
- The 990 for the year ended September 30, 2025 names Paul Rountree.
- Who are the officers and directors of PROJECT SCHOLARS INC?
- The 990 for the year ended September 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does PROJECT SCHOLARS INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $173,034, expenses of $213,405 and total assets of $312,117 at year end.
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All nonprofits in CLERMONT · Florida · Philanthropy, voluntarism and grantmaking foundations