Form 990 for tax year 2025

Totals

Total revenue

$125,515

Total expenses

$81,867

Contributions and grants received

$111,341

Grants paid

$74,429

Program service revenue

$0

Investment income

$14,174

Other revenue

$0

Total assets, end of year

$530,870

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$530,870

Program services expenses (Part IX)

$81,867

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$81,867

Program services were 100.0% 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.

Mission and programs · 2025

• This year, the Ole School Scholarship Fund (The Fund) awarded five (5) incoming Freshman scholarships and 27 retention scholarships (upperclassmen) to underserved/underrepresented students attending James Madison University. Incoming and retention scholarships totaled $27,000.

  Expenses $27,000 · Grants $27,000

• Sentara Healthcare Program: The Ole School Scholarship Fund (The Fund) - in partnership with Sentara Healthcare, continued to provide financial assistance (scholarships, tuition, stipends, books, miscellaneous fees, supplies/equipment) to and in support of underserved\underrepresented healthcare service industry students (and students in supporting majors) participating in The Fund Recruitment Program at James Madison University. This year, The Fund provided support including: (1) Sentara Summer Camp program student stipends ($10,600); (2) mentorship/recruitment efforts ($1,370); (3) other student stipend/awards ($4,700); (4) administrative/operational support (i.e., audio/visual, misc. event/meeting costs, event honoree gifts, bank fees, event catering, new checks, volunteer per diem, PO Box rental) Ole School Scholarship Fund Operational Support ($6,475.52); and (5) specific student travel in support of the Ghana Summer event ($1619.31).

  Expenses $24,777 · Grants $24,777

• Ole School Alumni Owusu-Ansah (JMU) Experiential Summer Program Scholarship (Ghana Summer Scholarship): Provided $12,500 in scholarships to 5 JMU students for the annual summer trip to Ghana with other students (led by a JMU professor). Also, provided $500 for audio/video support during the trip (operated by a JMU student).

  Expenses $13,000 · Grants $13,000

• Provided additional student scholarships in partnership with Ernst & Young ($5,000)

  Expenses $5,000

• Due to JMU's funding shortfall for three (3) student recipients of the Fullbright Scholarship, The Fund provided $1,500 for each student for a total of $4,500.

  Expenses $4,500 · Grants $4,500

• Provided $4,000 as part of Ole School Scholarship underserved / underrepresented program in partnership with JMU and ERP Corporation (and its affiliates). Also, reimbursed student cost for supplies ($90) purchased in support of a project associated with a program for underserved / underrepresented students.

  Expenses $4,090 · Grants $4,090

• This year senior representatives of The Fund held a special event (along with university alumni) hosting primarily senior JMU leadership, including the university president. The total cost of this event was $2,000.

  Expenses $2,000 · Grants $2,000

• Provided $1500 to JMU students as part of Ole School Scholarship underserved / underrepresented program in partnership with Freddie Mac.

  Expenses $1,500

As filed on the 2025 return.

Listed in Part VII

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2025

Filed

25 March 2026

IRS schema version

2025v4.0

Source object

202601029349300420

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