Nonprofit · EIN 59-7127677
THERESA GAIL MAY SCHOLARSHIP FOUNDATION
Also known as WILLIAMS KATHARINE TTEE
Tax-exempt · PACE, FL 32571
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $64,397 | $81,758 | -$17,361 | $921,975 | $0 | $921,975 |
| December 31, 2024 | 990-PF | $56,110 | $78,302 | -$22,192 | $939,301 | $0 | $939,301 |
| December 31, 2023 | 990-PF | -$37,522 | $161,574 | -$199,096 | $961,634 | $0 | $961,634 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $39,788
- Interest
- $26
- Net gain from sales of assets
- $22,166
- Other income
- $2,417
Expenses
- Grants and similar amounts paid
- $58,613
- Compensation of officers, directors and key employees
- $5,137
- Disbursements for charitable purposes
- $63,796
- Excise tax on investment income
- $627
Balance sheet and other
- Total assets, start of year
- $939,301
- Total assets, end of year
- $921,975
- Total liabilities, end of year
- $0
- Net assets, end of year
- $921,975
- Fair market value of assets
- $943,661
- Qualifying distributions
- $63,796
- Net investment income
- $62,197
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLAUDIA CASSEVAH 4065 NORRIS ROAD, PACE, FL 32571 | EXECUTIVE DIRECTOR | 2 | $5,137 |
| RICKY SMITH 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
| LB JONES 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
| HERB CANNON 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
| JR JONES 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLAUDIA CASSEVAH 4065 NORRIS ROAD, PACE, FL 32571 | EXECUTIVE DIRECTOR | 2 | $4,508 |
| RICKY SMITH 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
| LB JONES 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
| HERB CANNON 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
| JR JONES 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLAUDIA CASSEVAH 4065 NORRIS ROAD, PACE, FL 32571 | EXECUTIVE DIRECTOR | 2 | $3,598 |
| RICKY SMITH 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
| LB JONES 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
| HERB CANNON 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
| JR JONES 4065 NORRIS ROAD, PACE, FL 32571 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- CO C CASSEVAH 4065 NORRIS ROAD, PACE, FL 32571-0000
- In care of
- % CLAUDIA CASSEVAH
- Signed the 990-PF
- CLAUDIA CASSEVAH, EXECUTIVE DIRECTOR
- Phone
- (850) 380-1134
- Return prepared by
- WARREN AVERETT LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 59-7127677
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82J)
- Assets (IRS master file)
- $921,975
- Income (IRS master file)
- $817,290
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $64,397 | $81,758 | $921,975 | XML |
| 990-PF | December 2024 | $56,110 | $78,302 | $939,301 | XML |
| 990-PF | December 2023 | -$37,522 | $161,574 | $961,634 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 59-7127677).
Questions about THERESA GAIL MAY SCHOLARSHIP FOUNDATION
- What is the EIN of THERESA GAIL MAY SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of THERESA GAIL MAY SCHOLARSHIP FOUNDATION is 59-7127677.
- Is THERESA GAIL MAY SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to THERESA GAIL MAY SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THERESA GAIL MAY SCHOLARSHIP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THERESA GAIL MAY SCHOLARSHIP FOUNDATION 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 THERESA GAIL MAY SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of THERESA GAIL MAY SCHOLARSHIP FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $5,137 (CLAUDIA CASSEVAH, EXECUTIVE DIRECTOR).
- How much revenue does THERESA GAIL MAY SCHOLARSHIP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $64,397, expenses of $81,758 and total assets of $921,975 at year end.
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