Nonprofit · EIN 59-2643614
FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI-
Tax-exempt · FT WALTON BCH, FL 32549
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $30,506 | $38,731 | -$8,225 | $334,638 | $0 | $334,638 |
| December 31, 2024 | 990 | $22,923 | $19,140 | $3,783 | $328,073 | $0 | $328,073 |
| December 31, 2023 | 990 | $26,385 | $31,421 | -$5,036 | $304,109 | $0 | $304,109 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $26,881
- Net gain from sales of assets
- $19,732
- Net income from fundraising events
- $3,625
- Other revenue
- $3,625
Expenses
- Grants and similar amounts paid
- $32,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,400
- Program services (functional)
- $32,500
- Management and general (functional)
- $5,667
- Fundraising (functional)
- $564
Balance sheet and other
- Total assets, start of year
- $328,073
- Total assets, end of year
- $334,638
- Total liabilities, end of year
- $0
- Net assets, end of year
- $334,638
- Gross receipts
- $90,378
- Employees
- 0
- Year formed
- 1988
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY CHIASSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| FORREST TOWNSEND | VICE PRESIDE Trustee or director | 1 | $0 |
| JAN POOLEY | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBERT ANDERSON | TREASURER Trustee or director, Officer | 1 | $0 |
| GEORGE DORRIS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY CHIASSON | PRESIDENT Trustee or director, Officer | – | $0 |
| FORREST TOWNSEND | VICE PRESIDE Trustee or director | – | $0 |
| SARA RICO | SECRETARY Trustee or director, Officer | – | $0 |
| ROBERT ANDERSON | TREASURER Trustee or director, Officer | – | $0 |
| GEORGE DORRIS | DIRECTOR Trustee or director | – | $0 |
| JAN POOLEY | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FORREST TOWNSEND | DIRECTOR Trustee or director | – | $0 |
| AARON WEBBER | DIRECTOR Trustee or director | – | $0 |
| ROBERT ANDERSON | TREASURER Officer | – | $0 |
| JOE MEYER | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 892, FT WALTON BCH, FL 32549-0892
- Principal officer (990 for 2025)
- TIMOTHY CHIASSON, PO BOX 892, FORT WALTON BEAH, FL 32549
- Signed the 990
- ROBERT ANDERSON, TREASURER
- Phone
- (850) 244-4140
- Return prepared by
- EMERALD COAST CPA PA
Mission
TO PROVIDE EDUCATIONAL ASSISTANCE THROUGH SCHOLARSHIPS TO DESERVING STUDENTS AND SUPPORT PROGRAMS THAT HELPS CHILDREN IN THE COMMUNITY.
Program accomplishments
- TO PROVIDE EDUCATIONAL ASSISTANCE THROUGH SCHOLARSHIPS TO DESERVING STUDENTS AND SUPPORT PROGRAMS THAT HELPS CHILDREN IN THE COMMUNITY.revenue $3,625
- TO PROVIDE EDUCATIONAL ASSISTANCE THROUGH SCHOLARSHIPS TO DESERVING STUDENTS AND SUPPORT PROGRAMS THAT HELPS CHILDREN IN THE COMMUNITY.Expenses $32,500 · grants $32,500
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
- 59-2643614
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $334,638
- Income (IRS master file)
- $90,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $30,506 | $38,731 | $334,638 | IRS |
| 990 | December 2024 | $22,923 | $19,140 | $328,073 | IRS |
| 990 | December 2023 | $26,385 | $31,421 | $304,109 | XML |
| 990 | December 2022 | $26,746 | $131,258 | $284,475 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 59-2643614).
Questions about FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI-
- What is the EIN of FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI-?
- The employer identification number (EIN) of FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI- is 59-2643614.
- Is FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI- tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI- tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI- 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 FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI- 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 FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI- 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 FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI-?
- The 990 for the year ended December 31, 2025 names TIMOTHY CHIASSON.
- Who are the officers and directors of FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI-?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FORT WALTON BEACH ROTARY CLUB SCHOLARSHIP INC-FWBRCSI- have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $30,506, expenses of $38,731 and total assets of $334,638 at year end.
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