Nonprofit · EIN 75-2065409
KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND
Tax-exempt · SPEARMAN, TX 79081
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $6,652 | $5,136 | $1,516 | $121,985 | $0 | $121,985 |
| December 31, 2024 | 990-PF | $3,697 | $4,968 | -$1,271 | $120,469 | $0 | $120,469 |
| December 31, 2023 | 990-PF | $3,631 | $2,211 | $1,420 | $121,740 | $0 | $121,740 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $5,094
- Interest
- $1,558
Expenses
- Grants and similar amounts paid
- $3,372
- Compensation of officers, directors and key employees
- $914
- Disbursements for charitable purposes
- $4,240
- Excise tax on investment income
- $92
Balance sheet and other
- Total assets, start of year
- $120,469
- Total assets, end of year
- $121,985
- Total liabilities, end of year
- $0
- Net assets, end of year
- $121,985
- Fair market value of assets
- $121,985
- Qualifying distributions
- $4,240
- Net investment income
- $6,652
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 |
|---|---|---|---|
| FIRST STATE BANK ONE NE COURT, SPEARMAN, TX 79081 | TRUSTEE | 1 | $914 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST STATE BANK ONE NE COURT, SPEARMAN, TX 79081 | TRUSTEE | 1 | $1,838 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST STATE BANK ONE NE COURT, SPEARMAN, TX 79081 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 247, SPEARMAN, TX 79081-0247
- Signed the 990-PF
- BRIAN GILLISPIE, CHIEF FINANCIAL OFFICER
- Phone
- (806) 659-5565
- Return prepared by
- BROWN GRAHAM & COMPANY PC
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
- 75-2065409
- 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
- 1985
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $121,985
- Income (IRS master file)
- $6,652
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $6,652 | $5,136 | $121,985 | IRS |
| 990-PF | December 2024 | $3,697 | $4,968 | $120,469 | IRS |
| 990-PF | December 2023 | $3,631 | $2,211 | $121,740 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 75-2065409).
Questions about KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND
- What is the EIN of KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND?
- The employer identification number (EIN) of KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND is 75-2065409.
- Is KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND 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 KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND 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 KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $914 (FIRST STATE BANK, TRUSTEE).
- How much revenue does KARL A NIELSEN AND KAREN J NIELSON SCHOLARSHIP FUND have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,652, expenses of $5,136 and total assets of $121,985 at year end.
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