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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 86-3816276

PAY IT FORWARD SCHOLARSHIP FOUNDATION

Tax-exempt · WINTERSET, IA 50273

Financials

$63K$19K2023$51K$11K2024$57K$10K2025
Revenue Expenses · by fiscal year end
Financials of PAY IT FORWARD SCHOLARSHIP FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$56,605$9,969$46,636$258,702$0$258,702
December 31, 2024990$51,138$11,389$39,749$212,066$0$212,066
December 31, 2023990$63,044$19,232$43,812$172,317$0$172,317
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$48,460
Program service revenue
$0
Investment income
$8,145
Other revenue
$0

Expenses

Grants and similar amounts paid
$5,365
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$5,365
Management and general (functional)
$4,604

Balance sheet and other

Total assets, start of year
$212,066
Total assets, end of year
$258,702
Total liabilities, end of year
$0
Net assets, end of year
$258,702
Net assets without donor restrictions
$258,702
Gross receipts
$56,605
Employees
0
Year formed
2021
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.

NameTitleHours / weekCompensation
KENDRA ALEXANDERSECRETARY
Trustee or director, Officer
0.5$0
JOLYNN CORKREANTREASURER
Trustee or director, Officer
0.5$0
NANCY CORKREANDIRECTOR
Trustee or director
0.5$0
PATRICK CORKREANDIRECTOR
Trustee or director
0.5$0
PETER CORKREANVICE PRESIDE
Trustee or director, Officer
0.5$0
RITA DRYDALEDIRECTOR
Trustee or director
0.5$0
RICK HOENIGDIRECTOR
Trustee or director
0.5$0
SANDY HOENIGDIRECTOR
Trustee or director
0.5$0
JENNIFER STOVERPRESIDENT
Trustee or director, Officer
0.5$0
990 for the year ended December 31, 2024: 16 people
NameTitleHours / weekCompensation
KENDRA ALEXANDERDIRECTOR
Trustee or director
–$0
LAURA BERTELSONDIRECTOR
Trustee or director
–$0
VICKI BRENNERDIRECTOR
Trustee or director
–$0
JOLYNN CORKREANTREASURER
Trustee or director, Officer
–$0
NANCY CORKREANDIRECTOR
Trustee or director
–$0
PATRICK CORKREANPRESIDENT
Trustee or director, Officer
–$0
PETER CORKREANDIRECTOR
Trustee or director
–$0
JUSTIN GROSSDIRECTOR
Trustee or director
–$0
STACY HILSABECKSECRETARY
Trustee or director, Officer
–$0
RICK HOENIGDIRECTOR
Trustee or director
–$0
SANDY HOENIGDIRECTOR
Trustee or director
–$0
CANDY JORDANDIRECTOR
Trustee or director
–$0
LEW JORDANDIRECTOR
Trustee or director
–$0
NATALIE MONTROSSDIRECTOR
Trustee or director
–$0
AMY NOLANDIRECTOR
Trustee or director
–$0
MARK SMITHDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
KENDRA ALEXANDERDIRECTOR
Trustee or director
–$0
LAURA BERTELSONDIRECTOR
Trustee or director
–$0
VICKI BRENNERDIRECTOR
Trustee or director
–$0
JOLYNN CORKREANTREASURER
Trustee or director, Officer
–$0
NANCY CORKREANDIRECTOR
Trustee or director
–$0
PATRICK CORKREANPRESIDENT
Trustee or director, Officer
–$0
PETER CORKREANDIRECTOR
Trustee or director
–$0
JUSTIN GROSSDIRECTOR
Trustee or director
–$0
STACY HILSABECKSECRETARY
Trustee or director, Officer
–$0
RICK HOENIGDIRECTOR
Trustee or director
–$0
SANDY HOENIGDIRECTOR
Trustee or director
–$0
CANDY JORDANDIRECTOR
Trustee or director
–$0
LEW JORDANDIRECTOR
Trustee or director
–$0
NATALIE MONTROSSDIRECTOR
Trustee or director
–$0
AMY NOLANDIRECTOR
Trustee or director
–$0
MARK SMITHDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
65 E JEFFERSON ST, WINTERSET, IA 50273-1540
Mailing address (990-N for 2022)
65 E Jefferson St, Winterset IA 50273
Principal officer (990 for 2025)
JENNIFER STOVER
Principal officer (990-N for 2022)
Pat Corkrean, 65 E Jefferson St, Winterset IA 50273
Signed the 990
JOLYNN CORKREAN, TREASURER
Return prepared by
THORNTREE CPA SERVICES LLC

Mission

WORKING WITH THE WINTERSET COMMUNITY, THE FOUNDATION WILL PROVIDE MONETARY RESOURCES TO SUPPORT STUDENTS TO DEVELOP SKILLS NECESSARY TO BE SUCCESSFUL. THE FOUNDATION WILL ACHIEVE THIS PURPOSE BY PROVIDING SUSTAINED ACCESS TO COLLEGE AND/OR POST-SECONDARY JOB TRAINING AND SKILLS. WE WILL FOCUS OUR WORK ON EMPOWERING STUDENTS TO FIND THEIR VOICE AND TAKE AN ACTIVE ROLE IN CHANGING THEIR CURRENT SITUATION.

990 for the year ended December 31, 2025

Program accomplishments

  • EDUCATIONAL SCHOLARSHIPS ARE AWARDED BASED UPON NEED AND TO AT-RISK YOUNG MEN AND WOMEN. FOUR SCHOLARSHIPS WERE AWARDED IN 2025 AND OVER 5,000 OF SCHOLARSHIP ASSISTANCE WAS PROVIDED IN 2025 TO TWO ACTIVE SCHOLARS.
    Expenses $5,365 · grants $5,365

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2026 990-EZ for PAY IT FORWARD SCHOLARSHIP FOUNDATION

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

IRS record

EIN
86-3816276
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$258,702
Income (IRS master file)
$56,605

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$56,605$9,969$258,702XML
990December 2024$51,138$11,389$212,066XML
990December 2023$63,044$19,232$172,317XML
990-N for 2022
Officer: Pat Corkrean
December 31, 2022≤ $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 86-3816276).

Questions about PAY IT FORWARD SCHOLARSHIP FOUNDATION

What is the EIN of PAY IT FORWARD SCHOLARSHIP FOUNDATION?
The employer identification number (EIN) of PAY IT FORWARD SCHOLARSHIP FOUNDATION is 86-3816276.
Is PAY IT FORWARD SCHOLARSHIP FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Which annual return does PAY IT FORWARD 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 PAY IT FORWARD 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 PAY IT FORWARD 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 PAY IT FORWARD SCHOLARSHIP FOUNDATION?
The 990 for the year ended December 31, 2025 names JENNIFER STOVER.
Who are the officers and directors of PAY IT FORWARD SCHOLARSHIP FOUNDATION?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does PAY IT FORWARD SCHOLARSHIP FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $56,605, expenses of $9,969 and total assets of $258,702 at year end.

Other nonprofits in WINTERSET

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