King Scholarship Fund

Tax-deductible

Ithaca, NY501(c)(3)EIN 22-2589716Revenue $67K in FY2025

On file with the IRSPo Box 6437, 14851-6437 · Ithaca, NYTax-exempt since Jun 1985Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
$11K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $17K a year · 33% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$11K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
990-PF Pt VIII
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$67K
+12% vs prior year
Spent
$41K
Net assets
$626K
By yearFY2020–FY2025
Revenue
$67K
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$46K
FY2021$130K
FY2022−$13K
FY2023$20K
FY2024$60K
FY2025$67K
Expenses
$41K
FY2025▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$30K
FY2021$32K
FY2022$35K
FY2023$39K
FY2024$32K
FY2025$41K
Net assets
$626K
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$536K
FY2021$639K
FY2022$592K
FY2023$573K
FY2024$600K
FY2025$626K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 53% · $22K Operating & administrative 47% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990-PF; $11K paid to officers and key staff.

Part VII, Section A · reportable compensation
$10,509Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Bank of America$10,509$9,767

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Programs and updates

A private foundation based in Ithaca, NY.

Questions for King Scholarship Fund

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 10 grants · $22K · 2025–2025
Individual RecipientFY2025$5,000
Le Moyne CollegeFY2025$3,000
University at BuffaloFY2025$2,000
Houghton CollegeFY2025$2,000
Clarkson UniversityFY2025$2,000
Nazareth UniversityFY2025$2,000
Grand Canyon UniversityFY2025$2,000
Alfred UniversityFY2025$1,500
Rocky Mountain College of Art andFY2025$1,500
Central CollegeFY2025$1,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$2K
Median grantPart XV$2K
Largest grantPart XV$5K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$67K
Investment income$67K
Money out
$41K
Grants paid$22K
Running costs$19K
Owns and owes
$626K
net assets
Cash and savings$35K
Total assets$626K
Liabilities$0
People
1
listed
Paid1
2In more detail
Revenue in detail
Investment income$67K
Total revenue$67K
Assets in detailEnd of year
Cash and savings together$35K
Total assets$626K
Liabilities$0
Net assets$626K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $67K$41K$25K$626K 990 PDF
FY2024 $60K$32K$27K$600K 990 PDF
FY2023 $20K$39K−$18K$573K 990 PDF
FY2022 −$13K$35K−$47K$592K 990 PDF
FY2021 $130K$32K$98K$639K 990 PDF
FY2020 $46K$30K$17K$536K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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