Nonprofit · EIN 88-0669536
FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC
Tax-exempt · KEYPORT, NJ 07735
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $29,737 | $10,214 | $19,523 | $51,433 | $0 | $51,433 |
| December 31, 2023 | 990-EZ | $20,658 | $5,033 | $15,625 | $31,910 | $0 | $31,910 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,900
- Investment income
- $2,047
- Net income from fundraising events
- $16,790
Expenses
- Grants and similar amounts paid
- $10,181
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Other expenses
- $33
Balance sheet and other
- Total assets, start of year
- $31,910
- Total assets, end of year
- $51,433
- Total liabilities, end of year
- $0
- Net assets, end of year
- $51,433
- Cash, savings and investments
- $51,433
- Gross receipts
- $39,839
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KURT J POLING | PRESIDENT | 5 | $0 |
| FRANK POLING JR | VICE PRESIDENT | 5 | $0 |
| LORETTA POLING-YOUNG | TREASURER | 5 | $0 |
| BARBARA POLING | SECRETARY | 5 | $0 |
| JASON GLEZMAN | MEMBER | 5 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KURT J POLING | PRESIDENT | 5 | $0 |
| FRANK POLING JR | VICE PRESIDENT | 5 | $0 |
| LORETTA POLING-YOUNG | TREASURER | 5 | $0 |
| BARBARA POLING | SECRETARY | 5 | $0 |
| JASON GLEZMAN | MEMBER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 20 SPRING ST, KEYPORT, NJ 07735-1719
- In care of
- % LORETTA POLING-YOUNG
- Signed the 990-EZ
- KURT POLING, OFFICER
- Phone
- (610) 416-4151
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
THE SCHOLARSHIP: ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE COMPARABLE FEDERAL TAX CODE SPECIFICALLY, THE SCHOLARSHIP SHALL WORK TO PROVIDE CHARITABLE EDUCATIONAL NEEDS AWARDED TO GRADUATING STUDENTS FROM THE COMMUNITY OF KEYPORT/UNION BEACH, NEW JERSEY AND KEYPORT HIGH SCHOOL OR ANY SURVIVING EDUCATIONAL ENTITY. NOT FOR PROFIT: THE MEMORIAL SCHOLARSHIP IS AN INCORPORATED ORGANIZATION IN THE COMMONWEALTH OF NEW JERSEY OPERATING ON A NOT-FOR-PROFIT BASIS.
Program accomplishments
- THIS CHARITY PROVIDES FINANCIAL SUPPORT FOR THE RECIPIENTS FIRST SEMESTER OF COLLEGE. FUNDS WILL GO TOWARDS THE SEMESTER TUITION COSTS. THE COLLEGE CAN BE A COMMUNITY, JUNIOR, OR FOUR YEAR COLLEGE
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-0669536
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N12)
- Assets (IRS master file)
- $51,433
- Income (IRS master file)
- $39,839
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $29,737 | $10,214 | $51,433 | XML |
| 990-EZ | December 2023 | $20,658 | $5,033 | $31,910 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-0669536).
Questions about FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC
- What is the EIN of FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC?
- The employer identification number (EIN) of FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC is 88-0669536.
- Is FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC 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 FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does FRANCIS R POLING SR MEMORIAL SCHOLARSHIP INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $29,737, expenses of $10,214 and total assets of $51,433 at year end.
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All nonprofits in KEYPORT · New Jersey · Recreation and sports