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EIN 58-1491453

Solon E and Espie Watts Little Scholarship Loan Fund

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Concord
State
North Carolina
Year formed
1983
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The Solon E and Espie Watts Little Scholarship Loan Fund is a private foundation located in Concord, NC with trustees Steve L Medlin and Peggy H Chambers.
Total revenues
$92,693
2022
Total expenses
$166,267
2022
Total assets
$1,400,022
2022
Num. employees
n/a

Program areas at Solon E and Espie Watts Little Scholarship Loan Fund

The foundation engages solely in making interest-free loans to graduates of alexander central high school. (details set forth in attached booklet.) Loans were made to 28 students in 2022.
The entire income of the foundation is from interest, dividends, and other investments. The foundation has no outside source of income such as fundraising events or contributions. The income is used to provide interest-free loans to graduates of alexander central high school, as set forth in the attachment to student loans.

Personnel at Solon E and Espie Watts Little Scholarship Loan Fund

NameTitleCompensation
Steve L MedlinTrustee / Trustee / Chairman / President and Secretary and Treasurer / Trustee$27,026
Peggy H ChambersAssistant Secretary and Treasurer$59,161

Financials for Solon E and Espie Watts Little Scholarship Loan Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$15,311
Net rental income$0
Net gain from sale of non-inventory assets$77,242
Gross sales of inventory$0
Miscellaneous revenues$140
Total revenues$92,693

Form 990s for Solon E and Espie Watts Little Scholarship Loan Fund

Fiscal year endingDate received by IRSFormPDF link
2021-122022-05-09990PFView PDF
2020-122021-06-22990PFView PDF
2019-122021-06-09990PFView PDF
2018-122019-12-16990PFView PDF
2017-122018-08-23990PFView PDF
...and 6 more Form 990s
Data update history
October 8, 2021
Posted financials
Added Form 990PF for fiscal year 2020
October 5, 2021
Posted financials
Added Form 990PF for fiscal year 2019
March 3, 2021
Posted financials
Added Form 990PF for fiscal year 2018
February 6, 2021
Updated personnel
Identified 2 new personnel
February 5, 2021
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsState / local levelTax deductible donations
General information
Address
43 Union St South
Concord, NC 28025
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Cabarrus County, NC
Phone
(704) 786-8169
IRS details
EIN
58-1491453
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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