Nonprofit · EIN 74-2560683
PSI ALPHA SCHOLARSHIP FOUNDATION
Tax-exempt · SAN ANTONIO, TX 78203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $338,236 | $375,900 | -$37,664 | $343,399 | $0 | $343,399 |
| December 31, 2023 | 990 | $304,663 | $411,043 | -$106,380 | $381,063 | $0 | $381,063 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $34,950
- of which government grants
- $30,450
- Membership dues
- $4,500
- Program service revenue
- $288,739
- Investment income
- $5,712
- Other revenue
- $8,835
Expenses
- Grants and similar amounts paid
- $95,518
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,200
- Depreciation
- $5,970
- Program services (functional)
- $327,188
- Management and general (functional)
- $27,508
- Fundraising (functional)
- $21,204
Balance sheet and other
- Total assets, start of year
- $381,063
- Total assets, end of year
- $343,399
- Total liabilities, end of year
- $0
- Net assets, end of year
- $343,399
- Land, buildings and equipment
- $78,199
- Net assets without donor restrictions
- $343,399
- Gross receipts
- $356,454
- Employees
- 0
- Volunteers
- 216
- Year formed
- 2019
- State of legal domicile
- TX
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 |
|---|---|---|---|
| EDDIE CHEW | BOARD MEMBER Trustee or director | 15 | $0 |
| SCOTT EARLE | BOARD MEMBER Trustee or director | 15 | $0 |
| JIMMY E MCMILLION | VICE PRESIDE Trustee or director | 15 | $0 |
| MILES FISHER | BOARD MEMBER Trustee or director | 15 | $0 |
| FREDERICK B BEEBE | PRESIDENT Trustee or director | 15 | $0 |
| ODELL SIDBERRY | SECRETARY Trustee or director | 15 | $0 |
| ANTONIO NICHOLS | TREASURER Trustee or director | 15 | $0 |
| RICHARD L WILLIAMS | BOARD MEMBER Trustee or director | 15 | $0 |
| CICERO GODBEE | BOARD MEMBER Trustee or director | 15 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDDIE CHEW | PRESIDENT Trustee or director | 15 | $0 |
| KEITH SINGLETON | VICE PRESIDE Trustee or director | 15 | $0 |
| JIMMIE E MCMILLION | TREASURER Trustee or director | 15 | $0 |
| DANNY WEDGEWORTH | ASSISTANT TR Trustee or director | 15 | $0 |
| FREDERICK B BEEBE | SECRETARY Trustee or director | 15 | $0 |
| HERBERT CNANCE | ASSITANT SEC Trustee or director | 15 | $0 |
| GREGORY THOMPSON | BINGO CHAIRM Trustee or director | 15 | $0 |
| RICHARD L WILLIAMS | BOARD MEMBER Trustee or director | 15 | $0 |
| CICERO GODBEE | BOARD MEMBER Trustee or director | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 1135 VIRGINIA BLVD, SAN ANTONIO, TX 78203-1831
- In care of
- % FRANKLIN CERUTI
- Mailing address (990-N for 2020)
- 1135 VIRGINIA BLVD, SAN ANTONIO TX 782031831
- Principal officer (990 for 2024)
- SCOTT EARLE, 1135 VIRGINIA BLVD, SAN ANTONIO, TX 782031831
- Principal officer (990-N for 2020)
- KEITH SINGLETON, 1135 VIRGINIA BLVD, SAN ANTONIO TX 782031831
- Signed the 990
- SCOTT EARLE, BOARD MEMBER
- Phone
- (210) 363-7084
- Website
- WWW.PSIALPHAFOUNDATION.COM
- Return prepared by
- BRITTS & ASSOCIATES LLP
Mission
THE PURPOSES FOR WHICH THIS CORPORATION IS INCORPORATED ARE THOSE SET FORTH IN THE ARTICLES OF INCORPORATION. SPECIFICALLY, THE CORPORATION WAS FORMED FOR THE EXPRESS PURPOSE OF PROVIDING SCHOLARSHIPS TO HIGH-SCHOOL SENIORS, AND WHEN APPROPRIATE, TO PROVIDE SUPPLEMENTARY SCHOLARSHIPS FOR THESE INDIVIDUALS THROUGHOUT THEIR COLLEGE CAREER. THESE SCHOLARSHIPS WILL BE AWARDED DIRECTLY TO INDIVIDUALS AS A RESULT OF SAID INDIVIDUALS MEETING A SET OF CRITERIA PRE-ESTABLISHED BY THE CORPORATION. AS AN ALTERNATIVE, THE CORPORATION MAY CONDUCT AN ACADEMIC OR AN ACADEMIC/TALENT COMPETITION OR A SERIES OF COMPETITIONS TO DETERMINE THE RECIPIENT OF A SCHOLARSHIP. THESE COMPETITIONS AND THEIR ASSOCIATED PUBLICITY WILL SERVE TO INSTILL IN THE PARTICIPANTS AND THEIR PEER GROUPS THE IMPORTANCE OF AND THE BENEFITS WHICH CAN BE DERIVED FROM ACADEMIC EXCELLENCE. ON OCCASION, SCHOLARSHIP FUNDS WILL BE DONATED TO AND ADMINISTERED BY AN ORGANIZATION WHICH USES SIMILAR CRITERIA TO SELECT THE RECIPIENTS OF ITS
Program accomplishments
- 1. SCHOLARSHIP COMMITTEE SCHOLARSHIPS - 50,000.00 2. SCHOLARSHIP STIPEND- 4,500.00 (FOUNDATION WILL ALLOT FOR ADDITIONAL STIPEND E.G., 50-PLUS CLUB, ETC.) 3. SCHOLARSHIP AWARDS LUNCHEON & PHOTOGRAPHER- 6,800.00 4. ACHIEVEMENT WEEK HIGH SCHOOL ESSAY CONTEST - 1,500.00 5. SAN ANTONIO AREA TALENT HUNT PRIZE MONEY - 2,250.00 6. YOUTH LEADERSHIP CONFERENCE ESSAY SCHOLARSHIPS - 1,500.00 7. STEM PROGRAM INDIVIDUAL, GROUP AND COMPETITION STEM KITS - 1,150.00 (SUPPORTED STEM KITS TO NAMED INDIVIDUALS IN STEM GROUP) SCHOLARSHIP STIPEND NOTE: 500.00 ADDED BY PASF TO EACH 1,500.00 CHAPTER SCHOLARSHIP TO ACHIEVE 2,000.00 PAYMENT TO EACH AWARDEE. TOTAL 2024 GRANTS: 67,700.00Expenses $125,764 · grants $95,518
- 1. SCHOLARSHIP COMMITTEE SCHOLARSHIPS - 50,000.00 2. SCHOLARSHIP STIPEND- 4,500.00 (FOUNDATION WILL ALLOT FOR ADDITIONAL STIPEND E.G., 50-PLUS CLUB, ETC.) 3. SCHOLARSHIP AWARDS LUNCHEON & PHOTOGRAPHER- 6,800.00 4. ACHIEVEMENT WEEK HIGH SCHOOL ESSAY CONTEST - 1,500.00 5. SAN ANTONIO AREA TALENT HUNT PRIZE MONEY - 2,250.00 6. YOUTH LEADERSHIP CONFERENCE ESSAY SCHOLARSHIPS - 1,500.00 7. STEM PROGRAM INDIVIDUAL, GROUP AND COMPETITION STEM KITS - 1,150.00 (SUPPORTED STEM KITS TO NAMED INDIVIDUALS IN STEM GROUP) SCHOLARSHIP STIPEND NOTE: 500.00 ADDED BY PASF TO EACH 1,500.00 CHAPTER SCHOLARSHIP TO ACHIEVE 2,000.00 PAYMENT TO EACH AWARDEE. TOTAL 2024 GRANTS: 67,700.00Expenses $201,424
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
- 74-2560683
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $343,399
- Income (IRS master file)
- $356,454
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $338,236 | $375,900 | $343,399 | XML |
| 990 | December 2023 | $304,663 | $411,043 | $381,063 | XML |
| 990 | December 2022 | $262,520 | $208,139 | $255,126 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: KEITH SINGLETON | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Joseph H Pearson | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 74-2560683).
Questions about PSI ALPHA SCHOLARSHIP FOUNDATION
- What is the EIN of PSI ALPHA SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of PSI ALPHA SCHOLARSHIP FOUNDATION is 74-2560683.
- Is PSI ALPHA SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to PSI ALPHA SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PSI ALPHA SCHOLARSHIP FOUNDATION 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 PSI ALPHA SCHOLARSHIP FOUNDATION 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 PSI ALPHA SCHOLARSHIP FOUNDATION 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 PSI ALPHA SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 names SCOTT EARLE.
- Who are the officers and directors of PSI ALPHA SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does PSI ALPHA SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $338,236, expenses of $375,900 and total assets of $343,399 at year end.
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