Nonprofit · EIN 56-2069663
CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM
Tax-exempt · BREVARD, NC 28712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $245,716 | $207,861 | $37,855 | $391,564 | $0 | $391,564 |
| December 31, 2024 | 990 | $235,796 | $188,689 | $47,107 | $353,644 | $0 | $353,644 |
| December 31, 2023 | 990 | $212,901 | $27,407 | $185,494 | $306,537 | $0 | $306,537 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $233,515
- Program service revenue
- $0
- Investment income
- $7,526
- Net gain from sales of assets
- -$159
- Net income from fundraising events
- $4,675
- Other revenue
- $4,675
Expenses
- Grants and similar amounts paid
- $201,875
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $201,875
- Management and general (functional)
- $4,699
- Fundraising (functional)
- $1,287
Balance sheet and other
- Total assets, start of year
- $353,644
- Total assets, end of year
- $391,564
- Total liabilities, end of year
- $0
- Net assets, end of year
- $391,564
- Net assets without donor restrictions
- $391,564
- Gross receipts
- $266,125
- Employees
- 0
- Volunteers
- 35
- Year formed
- 1987
- State of legal domicile
- NC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBRA IZARD | BOARD MEMBER Trustee or director | 2 | $0 |
| KIM MCELWEE | CHAIR Trustee or director, Officer | 8 | $0 |
| TERRI LOWERY | TREASURER Trustee or director, Officer | 8 | $0 |
| BARRY DAVIS | BOARD MEMBER Trustee or director | 2 | $0 |
| TOM SHOOK | BOARD MEMBER Trustee or director | 2 | $0 |
| DEBBIE LOEB | VICE CHAIR/SECRETARY Trustee or director, Officer | 4 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lynda Hysong | Board Member Trustee or director | 2 | $0 |
| Kim McElwee | Board Member Trustee or director | 4 | $0 |
| Terri Lowery | Chair Officer | 8 | $0 |
| Mark O'Donnell | Vice Chair Officer | 4 | $0 |
| Cindy Cast | Treasurer Officer | 8 | $0 |
| Debbie Loeb | Secretary Officer | 4 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Edward Mazzetta | Chairman Trustee or director | 8 | $0 |
| Mark O'Donnell | Director Trustee or director | 2 | $0 |
| Cindy Cast | Treasurer Trustee or director | 8 | $0 |
| Terri Lowery | Secretary Trustee or director | 2 | $0 |
| Kim McElwee | Director Trustee or director | 2 | $0 |
| Andrea Janzen | Director Trustee or director | 2 | $0 |
| Steve Seelinger | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 33 CONNESTEE TRL, BREVARD, NC 28712-9005
- Principal officer (990 for 2025)
- KIM MCELWEE, 33 CONNESTEE TRAIL, BREVARD, NC 28712
- Signed the 990
- KIM MCELWEE, CHAIR
- Phone
- (828) 885-2001
- Website
- CFSCHOLARSHIPS.ORG
- Return prepared by
- DUPLANTIER HRAPMANN HOGAN & MAHER LLP
Mission
OUR MISSION IS TO PROVIDE SCHOLARSHIP FUNDS FOR DESERVING STUDENTS BASED ON MERIT AND FINANCIAL NEED.
Program accomplishments
- CFSSP PROVIDED GRANT FUNDS TO VARIOUS EDUCATIONAL INSTITUTIONS TO AWARD SCHOLARSHIPS TO LOCAL STUDENTS BASED ON MERIT AND FINANCIAL NEED. A TOTAL OF $201,875 IN SCHOLARSHIPS WAS AWARDED IN 2025.Expenses $201,875 · grants $201,875
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2069663
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $391,564
- Income (IRS master file)
- $266,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $245,716 | $207,861 | $391,564 | IRS |
| 990 | December 2024 | $235,796 | $188,689 | $353,644 | XML |
| 990 | December 2023 | $212,901 | $27,407 | $306,537 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 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 56-2069663).
Questions about CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM
- What is the EIN of CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM?
- The employer identification number (EIN) of CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM is 56-2069663.
- Is CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM 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 CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM?
- The 990 for the year ended December 31, 2025 names KIM MCELWEE.
- Who are the officers and directors of CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does CONNESTEE FALLS STUDENT SCHOLARSHIP PROGRAM have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $245,716, expenses of $207,861 and total assets of $391,564 at year end.
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