Nonprofit · EIN 58-1512861
THE ETOWAH SCHOLARSHIP FOUNDATION INC
Tax-exempt · CARTERSVILLE, GA 30120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $828,312 | $972,329 | -$144,017 | $3,057,682 | $38,211 | $3,019,471 |
| December 31, 2023 | 990 | $463,876 | $554,416 | -$90,540 | $3,021,442 | $1,605 | $3,019,837 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $657,865
- Program service revenue
- $0
- Investment income
- $170,447
- Net gain from sales of assets
- $93,892
- Tax-exempt bond proceeds
- $6,474
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $236,800
- Compensation of officers, directors and key employees
- $87,142
- Salaries, compensation and benefits (total)
- $468,836
- Professional fundraising fees
- $0
- Accounting fees
- $10,500
- Occupancy
- $52,503
- Travel
- $6,957
- Depreciation
- $8,647
- Program services (functional)
- $753,130
- Management and general (functional)
- $121,182
- Fundraising (functional)
- $98,017
Balance sheet and other
- Total assets, start of year
- $3,021,442
- Total assets, end of year
- $3,057,682
- Total liabilities, end of year
- $38,211
- Net assets, end of year
- $3,019,471
- Land, buildings and equipment
- $32,583
- Publicly traded securities
- $2,744,474
- Net assets without donor restrictions
- -$15,693
- Net assets with donor restrictions
- $3,035,164
- Gross receipts
- $1,873,288
- Employees
- 10
- Volunteers
- 30
- Year formed
- 1983
- State of legal domicile
- GA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Catrice Hufstetler | Past-Chair Trustee or director | 2 | $0 |
| Mecole Ledbetter | Chair Elect Trustee or director | 1 | $0 |
| Frank Bennett | Secretary Trustee or director, Officer | 1 | $0 |
| Mike Fields | Chairman Trustee or director, Officer | 2 | $0 |
| Earnestine Jones | Board Member Trustee or director | 1 | $0 |
| Derek Keeney | Director Ex-Officio Trustee or director | 1 | $0 |
| Greg Free | Development Chair Trustee or director | 1 | $0 |
| Benny McDonald | Board Member Trustee or director | 1 | $0 |
| Carla Mahan | Board Member Trustee or director | 1 | $0 |
| Tiffany Tindall | Chairman of Personnel Trustee or director | 1 | $0 |
| Lee Burger | Board Member Trustee or director | 1 | $0 |
| Nick Whorton | Development Chair Trustee or director | 1 | $0 |
| Robert Walker | Treasurer Trustee or director, Officer | 1 | $0 |
| Maria Meza | Board Member Trustee or director | 1 | $0 |
| Katie Parker-Obrecht | Board Member Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amanda Rice | Board Member Trustee or director | 1 | $0 |
| Dorothy L Welch | Executive Director Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dorothy L Welch | Executive Director Trustee or director | – | $51,374 |
| Catrice Hufstetler | Past-Chair Trustee or director | 2 | $0 |
| Mecole Ledbetter | Chair Elect Trustee or director | 1 | $0 |
| Frank Bennett | Secretary Trustee or director, Officer | 1 | $0 |
| Mike Fields | Chairman Trustee or director, Officer | 2 | $0 |
| Earnestine Jones | Board Member Trustee or director | 1 | $0 |
| Derek Keeney | Director Ex-Officio Trustee or director | 1 | $0 |
| Greg Free | Development Chair Trustee or director | 1 | $0 |
| Benny McDonald | Board Member Trustee or director | 1 | $0 |
| Carla Mahan | Board Member Trustee or director | 1 | $0 |
| Tiffany Tindall | Chairman of Personnel Trustee or director | 1 | $0 |
| Lee Burger | Board Member Trustee or director | 1 | $0 |
| Nick Whorton | Development Chair Trustee or director | 1 | $0 |
| Robert Walker | Treasurer Trustee or director, Officer | 1 | $0 |
| Maria Meza | Board Member Trustee or director | 1 | $0 |
| Katie Parker-Obrecht | Board Member Trustee or director | 1 | $0 |
| Amanda Rice | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1239, CARTERSVILLE, GA 30120-1239
- Principal officer (990 for 2024)
- Mike Fields, 100 W Cherokee Ave, Cartersville, GA 30120
- Signed the 990
- Mike Fields, Chairman
- Phone
- (770) 382-1757
- Website
- etowah.org
- Return prepared by
- DENISE CASTRO CPA & ASSOCIATES LLC
Mission
THE MISSION OF THE ETOWAH SCHOLARSHIP FOUNDATION IS TO EXPAND POST-SECONDARY EDUCATIONAL OPPORTUNITIES FOR STUDENTS THROUGH COMMUNITY FUNDED AND FOUNDATION SCHOLARSHIPS THAT RESULT IN A CELEBRATION OF EDUCATIONAL SUCCESSES AND IN A POSITVE IMPACT ON THE QUALITY OF LIFE FOR CITIZENS OF OUR COMMUNITY
Program accomplishments
- THE ETOWAH SCHOLARSHIP FOUNDATION SERVES AS A DISTRIBUTION CHANNEL FOR COLLEGE SCHOLARSHIPS FOR THE BARTOW CO COMMUNITY, IN 2024 WE DISTRUITED $236,800 TO 197 AREA STUDENTS. FOR OVER 40 YEARS WE HAVE SERVED THE COMMUNITY THROUGH INSPIRING YOUNG PEOPLE TO PURSUE A POST SECONDARY EDUCATION. EACH YEAR WE RECOGNIZE HIGH ACHIEVERS IN OUR LOCAL HIGH SCHOOLS BY PRESENTING THEM WITH AN HONOR CORD DURING THEIR HONORS NIGHT TO BE WORN AT GRADUATION. WE SPONSOR THE REALITY STORE EVERY FEBRUARY FOR HIGH SCHOOL FRESHMEN IN BARTOW COUNTY. WE PRESENT AT LOCAL HIGH SCHOOLS STUDENT PARENT INFORMATION NIGHTS TO ENGAGE STUDENTS AND PARENTS IN WHAT THE FOUNDATION OFFERS. WE ALSO VISIT EACH OF THE LOCAL HIGH SCHOOLS TO HELP THEM APPLY FOR OUR SCHOLARSHIP.Expenses $753,130 · grants $236,900 · revenue $544,248
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 | Not 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
- 58-1512861
- 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
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,057,682
- Income (IRS master file)
- $1,873,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $828,312 | $972,329 | $3,057,682 | XML |
| 990 | December 2023 | $463,876 | $554,416 | $3,021,442 | XML |
| 990 | December 2022 | $567,215 | $478,278 | $2,888,472 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 58-1512861).
Questions about THE ETOWAH SCHOLARSHIP FOUNDATION INC
- What is the EIN of THE ETOWAH SCHOLARSHIP FOUNDATION INC?
- The employer identification number (EIN) of THE ETOWAH SCHOLARSHIP FOUNDATION INC is 58-1512861.
- Is THE ETOWAH SCHOLARSHIP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to THE ETOWAH SCHOLARSHIP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE ETOWAH SCHOLARSHIP FOUNDATION 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 THE ETOWAH SCHOLARSHIP FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE ETOWAH SCHOLARSHIP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE ETOWAH SCHOLARSHIP FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Mike Fields.
- Who are the officers and directors of THE ETOWAH SCHOLARSHIP FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does THE ETOWAH SCHOLARSHIP FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $828,312, expenses of $972,329 and total assets of $3,057,682 at year end.
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