EIN 26-1545132

Ole School Scholarship Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2011
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Award a minimum of three (3) incoming (Freshman) and three (3) retention (upperclassmen) scholarships annually to African American students attending James Madison University. Awarding student scholarships and providing students with stipends and financial assistance with tuition, books, fees, and supplies/equipment. (College Level). The Ole School Scholarship Fund awarded three scholarships this year (2021) to students attending James Madison University. Awarding Student Scholarships (College Level).
Total revenues
$253,225
2023
Total expenses
$69,545
2023
Total assets
$430,485
2023
Num. employees
0
2023

Program areas at Ole School Scholarship Fund

This year, the Ole School Scholarship Fund awarded three (3) $1500.00 incoming Freshman scholarships and three (3) $1500.00 retention scholarships (upperclassmen) to African American students attending James Madison University.
Ole School Alumni Owusu-Ansah (JMU) Experiential Summer Scholarship (Ghana Summer Scholarship): Provided a $5,000 scholarship for [a] JMU student(s) for a summer trip to Ghana with other students (led by a JMU professor).
Sentara Healthcare Program: The Ole School Scholarship Fund (the Fund) - in partnership with Sentara Healthcare, began providing financial assistance (scholarships, tuition, stipends, books, miscellaneous fees, supplies/equipment) to and in support of under-served healthcare service industry students (and students in supporting majors) participating in the Ole School Scholarship Recruitment Program at James Madison University. This year, the Fund provided: (1) student stipends, including $25,250 in support of Sentara Healthcare's Summer Camp, other student stipends ($3950.00), scholarships ($2,000.00), tuition assistance ($5,550.00), and miscellaneous fees, and books ($5,550.00).
Other Financial Assistance to JMU students: Provided $3,500 as part of Ole School Scholarship Diversity, Equity, and Inclusion program in partnership with JMU and ERP Corporation (and its affiliates). Provided a $2,500 student scholarship in partnership with Ernst & Young. Provided a $3,000 student scholarship for Experiential Learning in partnership with Freddie Mac.

Who funds Ole School Scholarship Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Sentara HealthcareIncreasing Under-Served Representation in Healthcare$70,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$30,400

Personnel at Ole School Scholarship Fund

NameTitleCompensation
Walter StithTreasurer$0
Malcom TaylorVice President$0
Charles MayAdvisor$0
Derek SteelePresident$0
Nora CrouchAdvisor$0

Financials for Ole School Scholarship Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$253,225
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$253,225

Form 990s for Ole School Scholarship Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-24990View PDF
2022-122023-03-05990EZView PDF
2021-122022-03-12990EZView PDF
Data update history
May 22, 2024
Posted financials
Added Form 990 for fiscal year 2023
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $70,000 from Sentara Healthcare
June 17, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
June 13, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
May 23, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Civic / social organizationsSchoolsCharities
Issues
EducationAfrican Americans
Characteristics
Provides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
344 White Dogwood Dr
Chesapeake, VA 23322
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
County
Chesapeake city, VA
Website URL
oleschoolalumnigroup.com/ 
Phone
(703) 927-7825
IRS details
EIN
26-1545132
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B84: Alumni Associations
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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