Nonprofit · EIN 87-3848551
FLEISCHER SCHOLARS FOUNDATION
Tax-exempt · PARADISE VLY, AZ 85253
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $309,939 | $1,386,529 | -$1,076,590 | $727,159 | $354 | $726,805 |
| December 31, 2023 | 990 | $1,329,886 | $1,247,865 | $82,021 | $1,878,395 | $0 | $1,878,395 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $250,000
- Program service revenue
- $0
- Investment income
- $59,910
- Other revenue
- $29
Expenses
- Grants and similar amounts paid
- $688,478
- Other salaries and wages
- $41,876
- Salaries, compensation and benefits (total)
- $45,122
- Professional fundraising fees
- $0
- Legal fees
- $32,020
- Accounting fees
- $19,055
- Travel
- $18,268
- Program services (functional)
- $1,324,159
- Management and general (functional)
- $62,370
Balance sheet and other
- Total assets, start of year
- $1,878,395
- Total assets, end of year
- $727,159
- Total liabilities, end of year
- $354
- Net assets, end of year
- $726,805
- Net assets without donor restrictions
- $676,805
- Net assets with donor restrictions
- $50,000
- Gross receipts
- $309,939
- Employees
- 1
- Volunteers
- 7
- Year formed
- 2021
- State of legal domicile
- AZ
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 |
|---|---|---|---|
| MORTON FLEISCHER | CEO/CHAIRMAN/TREASURER Trustee or director, Officer | 10 | $0 |
| MELISSA TRUJILLO | DIRECTOR Trustee or director | 1 | $0 |
| KAREN WASHBURN | DIRECTOR Trustee or director | 1 | $0 |
| GARY HEAD | DIRECTOR Trustee or director | 1 | $0 |
| QUENTIN SMITH | DIRECTOR Trustee or director | 1 | $0 |
| AMY HILLMAN | DIRECTOR Trustee or director | 1 | $0 |
| PAUL BELITZ | VICE PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MORTON FLEISCHER | CEO/CHAIRMAN/TREASURER Trustee or director, Officer | 10 | $0 |
| MELISSA TRUJILLO | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA VALDEZ-ELIZETXE | DIRECTOR Trustee or director | 1 | $0 |
| GARY HEAD | DIRECTOR Trustee or director | 1 | $0 |
| QUENTIN SMITH | DIRECTOR Trustee or director | 1 | $0 |
| AMY HILLMAN | DIRECTOR Trustee or director | 1 | $0 |
| PAUL BELITZ | VICE PRESIDENT & SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5515 N SAGUARO RD, PARADISE VLY, AZ 85253-5225
- In care of
- % MORTON FLEISCHER
- Principal officer (990 for 2024)
- MORTON FLEISCHER, 5515 N SAGUARO ROAD, PARADISE VALLEY, AZ 85253
- Signed the 990
- MORTON FLEISCHER, PRESIDENT
- Phone
- (480) 471-7384
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE FOUNDATION'S PRIMARY PURPOSE IS TO RAISE FUNDS FOR THE PROMOTION AND DEVELOPMENT OF THE SCHOLARS PROGRAM BY PARTNERING WITH COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES.
Program accomplishments
- THE SCHOLARS PROGRAM WORKS WITH HIGH SCHOOL STUDENTS TO ENCOURAGE ENTREPRENEURIAL SPIRIT AND AN UNDERSTANDING OF THE CAPITALIST PHILOSOPHY OF THE ECONOMIC SYSTEM IN THE UNITED STATES BY PARTNERING WITH COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES. THE PURPOSE IS TO BRING ECONOMICALLY DISADVANTAGED YOUTHS INTO THE MAINSTREAM OF AMERICAN SOCIETY.Expenses $1,324,159 · grants $688,478 · revenue $29
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
- 87-3848551
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $727,159
- Income (IRS master file)
- $309,939
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $309,939 | $1,386,529 | $727,159 | XML |
| 990 | December 2023 | $1,329,886 | $1,247,865 | $1,878,395 | XML |
| 990 | December 2022 | $2,475,197 | $528,823 | $1,946,374 | IRS |
| 990-EZ | 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 87-3848551).
Questions about FLEISCHER SCHOLARS FOUNDATION
- What is the EIN of FLEISCHER SCHOLARS FOUNDATION?
- The employer identification number (EIN) of FLEISCHER SCHOLARS FOUNDATION is 87-3848551.
- Is FLEISCHER SCHOLARS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FLEISCHER SCHOLARS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLEISCHER SCHOLARS 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 FLEISCHER SCHOLARS 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 FLEISCHER SCHOLARS 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 FLEISCHER SCHOLARS FOUNDATION?
- The 990 for the year ended December 31, 2024 names MORTON FLEISCHER.
- Who are the officers and directors of FLEISCHER SCHOLARS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does FLEISCHER SCHOLARS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $309,939, expenses of $1,386,529 and total assets of $727,159 at year end.
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- ADVANCEMENT OF EDUCATION FUND INC EIN 46-4141243 · last filed 990-PF for 2025
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