Mare Scholarship Fund: FY2023 Nonprofit Profile & Form 990 (EIN 43-1621969)

Revenue by fiscal year
FY2022	$68K
FY2023	$70K
FY2024	$68K
FY2025	$71K
FY2026	$68K

Expenses by fiscal year
FY2022	$43K
FY2023	$50K
FY2024	$66K
FY2025	$70K
FY2026	$87K

Net assets by fiscal year
FY2022	$67K
FY2023	$87K
FY2024	$167K
FY2025	$168K
FY2026	$147K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Sep 1993.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $50K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Kevin Sandlin

Executive Director

$0Pt VII · Sec A

See Mare Scholarship Fund executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to help students achieve their educational goals.

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1 program · $50K · in their own filed words · FY2022

01

To provide scholarship funds for students college

$50Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$70K

Ln 12

Gifts and grantsLn 1h$67K

Investment incomeLn 3$3K

Money outPt IX

$50K

Ln 25

Programscol B$50K

Owns and owesPt X

$87K

net assets · Ln 32

Cash and savingsLn 1–2$87K

Total assetsLn 16$87K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a14

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$67K

Investment incomeLn 3$3K

Total revenueLn 12$70K

Assets in detailPt X, end of year

CashLn 1$87K

Cash and savings togetherLn 1–2$87K

Total assetsLn 16$87K

LiabilitiesLn 26$0

Net assetsLn 32$87K

OperationsPt I, VI

EmployeesI 50

VolunteersI 611

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$67K	$87K
Total assetsLn 16	$67K	$87K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$67K	$87K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other expenses (24a–d)Ln 24	$50K	$50K
Total functional expensesLn 25	$50K	$50K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2026 Latest	$68K	$87K	−$19K	$147K	990 PDF
FY2025Filed with the IRS Sep 9, 2025	$71K	$70K	$805	$168K	990 PDF
FY2024Filed with the IRS Oct 2, 2024	$68K	$66K	$2K	$167K	990 PDF
FY2023 ViewingFiled with the IRS Aug 23, 2023	$70K	$50K	$20K	$87K	990 PDF
FY2022Filed with the IRS Sep 6, 2022	$68K	$43K	$25K	$67K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $69,622 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $64,443$66,967

I-9 Program service revenue$0

I-10 Investment incomePrior year $3,298$2,655

I-11 Other revenue$0

I-12 Total revenuePrior year $67,741$69,622

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $43,174$49,531

I-18 Total expensesPrior year $43,174$49,531

I-19 Revenue less expensesPrior year $24,567$20,091

Part VI · Governance 11 of 14 board members independent, 2 to look at

VI-1a Voting members of the governing body14

VI-1b Independent voting members11

VI-12a Written conflict of interest policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $69,622 across 4 lines filed

VIII-1f All other contributions, gifts and grants$66,967

VIII-1h Total contributions, gifts and grants$66,967

VIII-3 Investment incomeRelated to mission $2,655$2,655

VIII-12 Total revenueRelated to mission $2,655 · Unrelated business $0 · Excluded from tax $0$69,622

Part IX · Statement of functional expenses $49,531 across 1 line filed

IX-24 Other expenses (24a–d)Programs $49,531$49,531

IX-25 Total functional expensesPrograms $49,531 · Management $0 · Fundraising $0$49,531

Part X · Balance sheet $87,173 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $67,082$87,173

X-16 Total assetsStart of year $67,082$87,173

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $67,082$87,173

X-33 Total liabilities and net assetsStart of year $67,082$87,173

Part XI · Reconciliation of net assets $87,173 net assets at year end

XI-1 Total revenue$69,622

XI-2 Total expenses$49,531

XI-3 Revenue less expenses$20,091

XI-4 Net assets at start of year$67,082

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$87,173

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mare Scholarship Fund FY2023 filing

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