Nonprofit · EIN 83-3178639
HLV AREA SCHOLARSHIP FOUNDATION
Tax-exempt · VICTOR, IA 52347
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $12,120 | $38,106 | -$25,986 | $783,983 | $0 | $783,983 |
| December 31, 2024 | 990 | $16,600 | $52,884 | -$36,284 | $721,978 | $0 | $721,978 |
| December 31, 2023 | 990 | $16,153 | $39,000 | -$22,847 | $698,086 | $0 | $698,086 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $12,120
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $37,500
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $475
- Program services (functional)
- $38,106
Balance sheet and other
- Total assets, start of year
- $721,978
- Total assets, end of year
- $783,983
- Total liabilities, end of year
- $0
- Net assets, end of year
- $783,983
- Publicly traded securities
- $750,972
- Gross receipts
- $12,120
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2019
- State of legal domicile
- IA
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 |
|---|---|---|---|
| TIM GLOTFELTY | President Trustee or director, Officer | 2 | $0 |
| SUSAN WILGENBUSCH | Vice President Trustee or director, Officer | 2 | $0 |
| AUDREY WATERBECK | Treasurer Trustee or director, Officer | 2 | $0 |
| KARLA ROBISON | Secretary Trustee or director, Officer | 2 | $0 |
| WILLIAM LYNCH | Director Trustee or director, Officer | 2 | $0 |
| GARRETT DOZARK | Director Trustee or director, Officer | 2 | $0 |
| GRANT TAYLOR | Director Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM GLOTFELTY | President Trustee or director, Officer | 2 | $0 |
| SUSAN WILGENBUSCH | Vice President Trustee or director, Officer | 2 | $0 |
| AUDREY WATERBECK | Treasurer Trustee or director, Officer | 2 | $0 |
| KARLA ROBISON | Secretary Trustee or director, Officer | 2 | $0 |
| WILLIAM LYNCH | Director Trustee or director, Officer | 2 | $0 |
| GARRETT DOZARK | Director Trustee or director, Officer | 2 | $0 |
| GRANT TAYLOR | Director Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM GLOTFELTY | President Trustee or director, Officer | 2 | $0 |
| SUSAN WILGENBUSCH | Vice President Trustee or director, Officer | 2 | $0 |
| AUDREY WATERBECK | Treasurer Trustee or director, Officer | 2 | $0 |
| KARLA ROBISON | Secretary Trustee or director, Officer | 2 | $0 |
| WILLIAM LYNCH | Director Trustee or director, Officer | 2 | $0 |
| GARRETT DOZARK | Director Trustee or director, Officer | 2 | $0 |
| GRANT TAYLOR | Director Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 702 THIRD STREET BOX L, VICTOR, IA 52347-7719
- Principal officer (990 for 2025)
- TIM GLOTFELTY, 702 THIRD STREET BOX L, VICTOR, IA 52347
- Signed the 990
- TIM GLOTFELTY, President
- Phone
- (319) 647-3121
- Return prepared by
- BLOETHE ELWOOD & BUCHANAN
Mission
PROVIDE EDUCATIONAL SCHOLARSHIPS TO LOCAL GRADUATING HIGH SCHOOL STUDENTS
Program accomplishments
- PROVIDE EDUCATIONAL SCHOLARSHIPS TO LOCAL GRADUATING HIGH SCHOOL STUDENTSExpenses $38,106 · grants $37,500
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 83-3178639
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $783,983
- Income (IRS master file)
- $12,120
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $12,120 | $38,106 | $783,983 | IRS |
| 990 | December 2024 | $16,600 | $52,884 | $721,978 | XML |
| 990 | December 2023 | $16,153 | $39,000 | $698,086 | XML |
| 990 | December 2022 | $22,236 | $34,580 | $685,530 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 83-3178639).
Questions about HLV AREA SCHOLARSHIP FOUNDATION
- What is the EIN of HLV AREA SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of HLV AREA SCHOLARSHIP FOUNDATION is 83-3178639.
- Is HLV AREA SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to HLV AREA SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HLV AREA SCHOLARSHIP FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of HLV AREA 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 HLV AREA SCHOLARSHIP FOUNDATION 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 HLV AREA SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 names TIM GLOTFELTY.
- Who are the officers and directors of HLV AREA SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does HLV AREA SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $12,120, expenses of $38,106 and total assets of $783,983 at year end.
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