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Nonprofit · EIN 85-2686900

TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC

Tax-exempt (reinstated) · INDIANAPOLIS, IN 46217

Financials

$1K$1K2022
Revenue Expenses · by fiscal year end
Financials of TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2022990-EZ$1,011$1,000$11$14,011–$14,011
Financial details: 990-EZ for the year ended December 31, 2022

Revenue

Contributions, gifts and grants
$1,000
Investment income
$11

Expenses

Grants and similar amounts paid
$1,000
Compensation of officers, directors and key employees
$0
Program services (functional)
$1,000

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$14,011
Total liabilities, end of year
–
Net assets, end of year
$14,011
Cash, savings and investments
$14,011
Gross receipts
$1,011

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-EZ for the year ended December 31, 2022, highest compensation first.

NameTitleHours / weekCompensation
LORA MCGRATHPRESIDENT0.5$0
JOHN MCGRATHDIRECTOR0.1$0
CODY MCGRATHTREASURER0.1$0
DILLON MCGRATHDIRECTOR0.1$0
REBEKAH MCGRATHDIRECTOR0.1$0

Address and contacts

Address (IRS master file)
8606 MORGANTOWN RD, INDIANAPOLIS, IN 46217-4623
In care of
% LORA L MCGRATH
Mailing address (990-N for 2025)
8606 Morgantown Rd, Indianapolis IN 46217
Principal officer (990-N for 2025)
Lora McGrath, 8606 Morgantown Rd, Indianapolis IN 46217
Signed the 990-EZ
LORA MCGRATH, PRESIDENT
Return prepared by
CUSTOM BUSINESS & TAX SOLUTIONS

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR COLLEGE TUITION

990-EZ for the year ended December 31, 2022

Program accomplishments

  • PROVIDE EDUCATIONAL SCHOLARSHIPS FOR COLLEGE TUITION
    Expenses $1,000 · grants $1,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-N on file
2024December 31, 2024May 15, 2025Check at the IRS
2023December 31, 2023May 15, 2024990-N on file

File the 2026 990-N for TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
85-2686900
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
2024
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B82)

Revocation and reinstatement

Exemption revoked
May 15, 2023
Posted by the IRS
August 14, 2023
Reinstated
Effective May 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2025
Officer: Lora McGrath
December 31, 2025≤ $50,000 receipts––e-Postcard
990-N for 2023
Officer: LORA MCGRATH
December 31, 2023≤ $50,000 receipts––e-Postcard
990-EZDecember 2022$1,011$1,000$14,011XML

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 85-2686900).

Questions about TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC

What is the EIN of TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC?
The employer identification number (EIN) of TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC is 85-2686900.
Is TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
Are donations to TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION 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 TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
Who is the principal officer of TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC?
The 990-N for 2025 names Lora McGrath.
Who are the officers and directors of TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC?
The 990-EZ for the year ended December 31, 2022 lists 5 people; 0 received compensation from the organization.
How much revenue does TIMOTHY E MCGRATH MEMORIAL SCHOLARSHIP FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2022 it reported revenue of $1,011, expenses of $1,000 and total assets of $14,011 at year end.

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