Nonprofit · EIN 59-6192598
SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC
Tax-exempt · VERO BEACH, FL 32961
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,028,029 | $907,476 | $1,120,553 | $16,045,352 | $98,369 | $15,946,983 |
| December 31, 2024 | 990 | $1,234,668 | $799,629 | $435,039 | $14,481,783 | $118,932 | $14,362,851 |
| December 31, 2023 | 990 | $1,744,803 | $782,452 | $962,351 | $13,100,551 | $151,694 | $12,948,857 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $625,199
- Program service revenue
- $0
- Investment income
- $1,402,830
- Net gain from sales of assets
- $1,012,491
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $667,224
- Other salaries and wages
- $96,257
- Salaries, compensation and benefits (total)
- $116,476
- Professional fundraising fees
- $0
- Accounting fees
- $9,500
- Occupancy
- $25,403
- Depreciation
- $1,686
- Program services (functional)
- $764,210
- Management and general (functional)
- $71,880
- Fundraising (functional)
- $71,386
Balance sheet and other
- Total assets, start of year
- $14,481,783
- Total assets, end of year
- $16,045,352
- Total liabilities, end of year
- $98,369
- Net assets, end of year
- $15,946,983
- Land, buildings and equipment
- $2,411
- Publicly traded securities
- $14,462,630
- Net assets without donor restrictions
- $11,088,149
- Net assets with donor restrictions
- $4,858,834
- Gross receipts
- $9,525,437
- Employees
- 3
- Volunteers
- 100
- Year formed
- 1999
- 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 |
|---|---|---|---|
| SCOTT SCHWARTZ | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ELIZABETH SORENSEN | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| MARY JOHNSTON | TREASURER Trustee or director, Officer | 5 | $0 |
| SUSAN CHENAULT | SECRETARY Trustee or director, Officer | 5 | $0 |
| JONATHAN STERNBERG | PAST PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOAN COOK | DIRECTOR Trustee or director | 2 | $0 |
| ANN BIXEL WALD | DIRECTOR Trustee or director | 2 | $0 |
| GAYE LUDWIG | DIRECTOR Trustee or director | 20 | $0 |
| WILLIAM CARDAMONE | DIRECTOR Trustee or director | 2 | $0 |
| SAVANNAH UNRUH | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT SCHWARTZ | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ELIZABETH SORENSEN | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| MARY JOHNSTON | TREASURER Trustee or director, Officer | 5 | $0 |
| SUSAN CHENAULT | SECRETARY Trustee or director, Officer | 5 | $0 |
| JONATHAN STERNBERG | PAST PRESIDE Trustee or director, Officer | 5 | $0 |
| JOAN COOK | DIRECTOR Trustee or director | 2 | $0 |
| ANN BIXEL WALD | DIRECTOR Trustee or director | 2 | $0 |
| GAYE LUDWIG | DIRECTOR Trustee or director | 20 | $0 |
| TYLER PUTTICK | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN SCHWIERING | DIRECTOR Trustee or director | 2 | $0 |
| BOBBY SEXTON | DIRECTOR Trustee or director | 2 | $0 |
| SAVANNAH UNRUH | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN STERNBERG | PRESIDENT Trustee or director, Officer | 5 | $0 |
| SCOTT SCHWARTZ | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| ELIZABETH SORENSEN | TREASURER Trustee or director, Officer | 5 | $0 |
| ANN BIXEL WALD | SECRETARY Trustee or director, Officer | 5 | $0 |
| SUSAN CHENAULT | PAST PRESIDE Trustee or director, Officer | 2 | $0 |
| JOAN COOK | DIRECTOR Trustee or director | 2 | $0 |
| MARY JOHNSTON | DIRECTOR Trustee or director | 2 | $0 |
| GAYE LUDWIG | DIRECTOR Trustee or director | 20 | $0 |
| TYLER PUTTICK | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN SCHWIERING | DIRECTOR Trustee or director | 2 | $0 |
| BOBBY SEXTON | DIRECTOR Trustee or director | 2 | $0 |
| MEREDITH MAFFETT | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1820, VERO BEACH, FL 32961-1820
- In care of
- % CAMILLA WAINRIGHT
- Principal officer (990 for 2025)
- SCOTT SCHWARTZ, PO BOX 1820, VERO BEACH, FL 32961
- Signed the 990
- SCOTT SCHWARTZ, PRESIDENT
- Phone
- (772) 569-9869
- Website
- HTTP://SFINDIANRIVER.ORG
- Return prepared by
- REHMANN ROBSON LLC
Mission
SCHOLARSHIP FOUNDATION OF IRC PROVIDES HOPE, ENCOURAGEMENT AND NEED-BASED SCHOLARSHIPS TO INDIAN RIVER COUNTY STUDENTS WITH THE DESIRE AND ABILITY TO SUCCEED IN POST-SECONDARY EDUCATION.
Program accomplishments
- SCHOLARSHIP FOUNDATION AWARDS MULTI-YEAR SCHOLARSHIPS THAT ARE RENEWABLE IF RECIPIENTS MEET ACADEMIC AND PAPERWORK REQUIREMENTS. IN 2025, WE PAID $667,224 IN AWARDS, RANGING FROM $1,000 TO $7,500 TO 139 NEW AND RETURNING STUDENTS.WE MADE NEW AWARDS TOTALING $798,800 TO THE 47 RECIPIENTS IN THE CLASS OF 2025.Expenses $764,210 · grants $667,224
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
- 59-6192598
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,045,352
- Income (IRS master file)
- $9,525,437
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,028,029 | $907,476 | $16,045,352 | XML |
| 990 | December 2024 | $1,234,668 | $799,629 | $14,481,783 | XML |
| 990 | December 2023 | $1,744,803 | $782,452 | $13,100,551 | XML |
| 990 | December 2022 | $1,131,720 | $705,233 | $11,756,172 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 59-6192598).
Questions about SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC
- What is the EIN of SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC?
- The employer identification number (EIN) of SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC is 59-6192598.
- Is SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY 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 SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC 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 SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC 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 SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC?
- The 990 for the year ended December 31, 2025 names SCOTT SCHWARTZ.
- Who are the officers and directors of SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does SCHOLARSHIP FOUNDATION OF INDIAN RIVER COUNTY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,028,029, expenses of $907,476 and total assets of $16,045,352 at year end.
Other nonprofits in VERO BEACH
- VERO BEACH MUSEUM OF ART INC EIN 59-1867408 · last filed 990 for 2025
- WHOLE FAMILY HEALTH CENTER INC EIN 65-0715258 · last filed 990 for 2025
- INDIAN RIVER COMMUNITY FOUNDATION EIN 20-1729243 · last filed 990 for 2025
- TREASURE COAST COMMUNITY HEALTH INC EIN 59-3219191 · last filed 990 for 2024
- SAINT EDWARDS SCHOOL EIN 59-1059214 · last filed 990 for 2025
- BERGES FAMILY FOUNDATION EIN 47-1426743 · last filed 990-PF for 2024
- VNA HOSPICE OF INDIAN RIVER COUNTY INC EIN 59-2402136 · last filed 990 for 2025
- SENIOR RESOURCE ASSOCIATION INC EIN 59-1539957 · last filed 990 for 2025