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Nonprofiteer
← OHIO SCHOLARSHIP FUND

Form 990 for tax year 2025

Filed by OHIO SCHOLARSHIP FUND.

Totals

Total revenue
$3,208,684
Total expenses
$3,118,580
Contributions and grants received
$3,152,500
Grants paid
$2,994,875
Program service revenue
$0
Investment income
$56,184
Other revenue
$0
Total assets, end of year
$1,828,157
Total liabilities, end of year
$1,615,061
Net assets or fund balances, end of year
$213,096
Program services expenses (Part IX)
$2,994,875
Management and general expenses
$112,622
Fundraising expenses
$11,083
Program service expenses (Part III)
$2,994,875

Program services were 96.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,152,500

  • 3 · Investment income

    total $56,184 · excluded $56,184

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,994,875 · program services $2,994,875

  • 11a · Fees: management

    total $5,406 · management and general $5,406

  • 11b · Fees: legal

    total $3,625 · management and general $3,625

  • 11c · Fees: accounting

    total $20,925 · management and general $20,925

  • 11g · Fees: other

    total $72,254 · management and general $72,254

  • 12 · Advertising and promotion

    total $11,083 · fundraising $11,083

  • 13 · Office expenses

    total $1,352 · management and general $1,352

  • 23 · Insurance

    total $1,718 · management and general $1,718

  • 24a · Other expenses: POSTAGE

    total $2,807 · management and general $2,807

  • 24b · Other expenses: WEBSITE DESIGN/ MAINTEN

    total $2,249 · management and general $2,249

  • 24c · Other expenses: PRINTING

    total $2,044 · management and general $2,044

  • 24d · Other expenses: CONSULTING

    total $200 · management and general $200

  • 24e · All other expenses

    total $42 · management and general $42

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $307,482 · end of year $377,088

  • 2 · Savings and temporary cash investments

    beginning of year $1,228,524 · end of year $1,451,069

  • 4 · Accounts receivable

    beginning of year $1,525 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $7,512

  • 18 · Grants payable

    beginning of year $1,432,298 · end of year $1,606,991

  • 25 · Other liabilities

    beginning of year $558 · end of year $558

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $104,675 · end of year $213,096

Mission and programs · 2025

Mission

CREATES PARTNERSHIPS TO PROVIDE THE RESOURCES NECESSARY TO HELP OHIO FAMILIES ACCESS THE EDUCATIONAL OPTIONS WHICH WORK BEST FOR THEIR CHILDREN.

  • THE ORGANIZATION WAS ESTABLISHED IN 2022 AS A SCHOLARSHIP GRANTING ORGANIZATION. OHIO SCHOLARSHIP FUND ACCEPTS DONATIONS ON BEHALF OF ENROLLED OHIO NON-TAX, NON-PUBLIC SCHOOLS TO RAISE SCHOLARSHIP FUNDS. THE ENTITY MANAGES THE FUNDS RAISED AND PROVIDES SOFTWARE TO HELP SCHOOLS TRACK THEIR SCHOLARSHIP FUNDS. THE ORGANIZATION DISBURSED $1,929,857 IN SCHOLARSHIP FUNDS TO 78 ENROLLED SCHOOLS IN 2025.

    Expenses $2,994,875 · Grants $2,994,875

As filed on the 2025 return.

Listed in Part VII

  • ERIC FRANK

    TREASURER AND SECRETARY

    Total calculated
    $280,000
    From this org
    $0
    From related orgs
    $280,000
    Other
    $0
    Hours/week
    1.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $280,000 related

  • ADAM HEWIT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.25

  • DAN PETERS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
13 July 2026
IRS schema version
2025v4.2
Source object
202602019349301050

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