Benjamin F & Emma B Shroyer Scholarship Fund

Muncie, IN
Tax-exempt since Oct. 1965
EIN: 35-6017466

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$84.7k (2024)

Expenses

$145k (2024)

Total Assets

$662k (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$84,740

Expenses

$144,729

Net Income

-$59,989

Net Assets

$661,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$34,588	40.8%
Sales of Assets	$48,451	57.2%
Other Income	$1,701	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$140,478	97.1%
Compensation of Officers*	$13,971	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$661,677
Total Liabilities	$0
Net Assets	$661,677

Compensation

Key Employees and Officers	Compensation	Other
First Merchants Private Wealth Advi Ors (Trustee)	$13,971	$0

990-PF

Filed on Oct. 10, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$43,190

Expenses

$113,906

Net Income

-$70,716

Net Assets

$722,363

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$29,448	68.2%
Sales of Assets	$5,942	13.8%
Other Income	$7,800	18.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,747	95.5%
Compensation of Officers*	$13,428	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$722,363
Total Liabilities	$0
Net Assets	$722,363

Compensation

Key Employees and Officers	Compensation	Other
First Merchants Private Wlth Adviso (Trustee)	$13,428	$0

990-PF

Filed on April 30, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$36,756

Expenses

$147,709

Net Income

-$110,953

Net Assets

$793,182

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,093	57.4%
Sales of Assets	$15,663	42.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$140,629	95.2%
Compensation of Officers*	$14,409	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$793,182
Total Liabilities	$0
Net Assets	$793,182

Compensation

Key Employees and Officers	Compensation	Other
First Merchants Private Wlth Adviso (Trustee)	$14,409	$0

990-PF

Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$97,929

Expenses

$87,497

Net Income

$10,432

Net Assets

$904,135

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,616	23.1%
Sales of Assets	$66,099	67.5%
Other Income	$9,214	9.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,205	94.0%
Compensation of Officers*	$12,882	14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$904,135
Total Liabilities	$0
Net Assets	$904,135

Compensation

Key Employees and Officers	Compensation	Other
First Merchants Private Wlth Adviso (Trustee)	$12,882	$0

990-PF

Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$62,025

Expenses

$32,365

Net Income

$29,660

Net Assets

$893,873

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,828	15.8%
Dividends	$11,775	19.0%
Sales of Assets	$34,301	55.3%
Other Income	$6,121	9.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,909	80.1%
Compensation of Officers*	$11,777	36.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$893,874
Total Liabilities	$1
Net Assets	$893,873

Compensation

Key Employees and Officers	Compensation	Other
First Merchants Private Wlth Adviso (Trustee)	$11,777	$0

990-PF

Filed on May 13, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$37,781

Expenses

$70,510

Net Income

-$32,729

Net Assets

$864,213

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,232	24.4%
Dividends	$14,546	38.5%
Sales of Assets	$12,914	34.2%
Other Income	$1,089	2.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,658	86.0%
Compensation of Officers*	$11,700	16.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$864,214
Total Liabilities	$1
Net Assets	$864,213

Compensation

Key Employees and Officers	Compensation	Other
First Merchants Private Wlth Adviso (Trustee)	$11,700	$0

990-PF

Filed on June 1, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$107,040

Expenses

$64,716

Net Income

$42,324

Net Assets

$896,943

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,240	7.7%
Dividends	$14,366	13.4%
Sales of Assets	$81,626	76.3%
Other Income	$2,808	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$58,206	89.9%
Compensation of Officers*	$11,873	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$896,943
Total Liabilities	$0
Net Assets	$896,943

Compensation

Key Employees and Officers	Compensation	Other
First Merchants Private Wlth Adviso (Trustee)	$11,873	$0

990-PF

Filed on March 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$36,228

Expenses

$71,889

Net Income

-$35,661

Net Assets

$854,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$395	1.1%
Dividends	$24,761	68.3%
Sales of Assets	$3,775	10.4%
Other Income	$7,297	20.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,950	91.7%
Compensation of Officers*	$11,676	16.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$854,619
Total Liabilities	$0
Net Assets	$854,619

Compensation

Key Employees and Officers	Compensation	Other
First Merchants Private Wlth Adviso (Trustee)	$11,676	$0

990-PF

Filed on May 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$51,957

Expenses

$66,115

Net Income

-$14,158

Net Assets

$901,590

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$28,132	54.1%
Sales of Assets	$18,086	34.8%
Other Income	$5,736	11.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,052	83.3%
Compensation of Officers*	$11,537	17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$901,590
Total Liabilities	$0
Net Assets	$901,590

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$53,210

Expenses

$66,153

Net Income

-$12,943

Net Assets

$915,748

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$29,494	55.4%
Sales of Assets	$21,311	40.1%
Other Income	$2,402	4.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,333	83.6%
Compensation of Officers*	$11,555	17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$915,748
Total Liabilities	$0
Net Assets	$915,748

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$74,461

Expenses

$69,163

Net Income

$5,298

Net Assets

$928,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$26,725	35.9%
Sales of Assets	$44,786	60.1%
Other Income	$2,947	4.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$57,357	82.9%
Compensation of Officers*	$11,222	16.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$928,691
Total Liabilities	$0
Net Assets	$928,691

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$62,686

Expenses

$59,752

Net Income

$2,934

Net Assets

$923,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$29,147	46.5%
Sales of Assets	$31,452	50.2%
Other Income	$2,083	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,974	82.0%
Compensation of Officers*	$10,866	18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$923,391
Total Liabilities	$0
Net Assets	$923,391

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$41,453

Expenses

$59,488

Net Income

-$18,035

Net Assets

$920,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$27,328	65.9%
Sales of Assets	$11,712	28.3%
Other Income	$2,409	5.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,974	82.3%
Compensation of Officers*	$10,859	18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$920,457
Total Liabilities	$0
Net Assets	$920,457

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated January 26, 2026

Benjamin F & Emma B Shroyer Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $84.7k (2024)

Expenses $145k (2024)

Total Assets $662k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$84.7k (2024)

Expenses

$145k (2024)

Total Assets

$662k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001