Mike Grace Memorial Scholarship Fund

Franklin, TN
Tax-exempt since Jan. 1985
EIN: 62-1175180

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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

$132k (2025)

Expenses

$25.9k (2025)

Total Assets

$717k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

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 June
2025

Revenue

$131,827

Expenses

$25,945

Net Income

$105,882

Net Assets

$716,936

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$35,700	27.1%
Program Services	$0
Investment Income	$10,175	7.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$3,496
Sales of Assets	$89,448	67.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$716,936
Total Liabilities	$0
Net Assets	$716,936

Compensation

Key Employees and Officers	Compensation	Related	Other
David Chisolm (President & Director)	$0	$0	$0
William Jacobs (Vice President & Director)	$0	$0	$0
Paul Brown (Director)	$0	$0	$0

990

Filed on Sept. 23, 2025

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Fiscal Year Ending June
2024

Revenue

$45,826

Expenses

$28,790

Net Income

$17,036

Net Assets

$611,054

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$31,500	68.7%
Program Services	$0
Investment Income	$9,429	20.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$5,802
Sales of Assets	$10,699	23.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$611,054
Total Liabilities	$0
Net Assets	$611,054

Compensation

Key Employees and Officers	Compensation	Related	Other
Darrell Schuh (President & Director)	$0	$0	$0
William Jacobs (Vice President & Director)	$0	$0	$0
Paul Brown (Director)	$0	$0	$0

990

Filed on Nov. 12, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$35,537

Expenses

$28,650

Net Income

$6,887

Net Assets

$594,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$10,314	29.0%
Program Services	$0
Investment Income	$12,827	36.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$12,336	34.7%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$60	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$594,018
Total Liabilities	$0
Net Assets	$594,018

Compensation

Key Employees and Officers	Compensation	Related	Other
Darrell Schuh (President & Director)	$0	$0	$0
William Jacobs (Vice President & Director)	$0	$0	$0
Paul Brown (Director)	$0	$0	$0
Danielle Craft (Secretary)	$0	$0	$0

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990

Filed on Oct. 16, 2023

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Fiscal Year Ending June
2022

Revenue

$132,924

Expenses

$25,570

Net Income

$107,354

Net Assets

$587,131

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$24,325	18.3%
Program Services	$0
Investment Income	$119,277	89.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$10,678
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$587,131
Total Liabilities	$0
Net Assets	$587,131

Compensation

Key Employees and Officers	Compensation	Related	Other
Darrell Schuh (President & Director)	$0	$0	$0
William Jacobs (Vice President & Director)	$0	$0	$0
Paul Brown (Director)	$0	$0	$0
Danielle Craft (Secretary)	$0	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending June
2021

Revenue

$51,918

Expenses

$28,565

Net Income

$23,353

Net Assets

$481,285

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,119	48.4%
Program Services	$0
Investment Income	$26,610	51.3%
Net Fundraising	$0
Sales of Assets	$189	0.4%
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$481,285
Total Liabilities	$0
Net Assets	$481,285

Compensation

Key Employees and Officers	Compensation	Other
Darrell Schuh (President & Director)	$0	$0
William Jacobs (Vice President & Director)	$0	$0
Paul Brown (Director)	$0	$0
Amy Williams (Secretary & Director)	$0	$0

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990-EZ

Filed on Sept. 7, 2021

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Fiscal Year Ending June
2020

Revenue

$32,832

Expenses

$25,662

Net Income

$7,170

Net Assets

$457,932

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$38,239	> 100%
Program Services	$0
Investment Income	$12,037	36.7%
Net Fundraising	-$17,444
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$457,932
Total Liabilities	$0
Net Assets	$457,932

Compensation

Key Employees and Officers	Compensation	Other
Darrell Schuh (President & Director)	$0	$0
William Jacobs (Vice President & Director)	$0	$0
Paul Brown (Director)	$0	$0
Amy Williams (Secretary & Director)	$0	$0

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990-EZ

Filed on Nov. 6, 2020

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Fiscal Year Ending June
2019

Revenue

$43,114

Expenses

$1,520

Net Income

$41,594

Net Assets

$450,762

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$35,227	81.7%
Program Services	$0
Investment Income	$17,827	41.3%
Net Fundraising	-$9,940
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$450,762
Total Liabilities	$0
Net Assets	$450,762

Compensation

Key Employees and Officers	Compensation	Other
Paul Dana (President & Director)	$0	$0
Wallace E Goodwin (Vice President & Director)	$0	$0
Paul Brown (Director)	$0	$0
Tina Mckeithan (Secretary & Director)	$0	$0

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990-EZ

Filed on Nov. 11, 2019

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Fiscal Year Ending June
2018

Revenue

$60,538

Expenses

$32,923

Net Income

$27,615

Net Assets

$409,168

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$37,994	62.8%
Program Services	$0
Investment Income	$33,654	55.6%
Net Fundraising	-$11,110
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$409,168
Total Liabilities	$0
Net Assets	$409,168

Compensation

Key Employees and Officers	Compensation	Other
Paul Dana (President & Director)	$0	$0
Wallace E Goodwin (Vice President & Director)	$0	$0
Ken Fischer (Director)	$0	$0
Tina Mckeithan (Secretary & Director)	$0	$0

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990-EZ

Filed on Dec. 18, 2018

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Fiscal Year Ending June
2017

Revenue

$40,071

Expenses

$33,243

Net Income

$6,828

Net Assets

$381,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$36,034	89.9%
Program Services	$0
Investment Income	$29,903	74.6%
Net Fundraising	-$13,643
Sales of Assets	-$12,223
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$381,553
Total Liabilities	$0
Net Assets	$381,553

Compensation

Key Employees and Officers	Compensation	Other
Paul Dana (President & Director)	$0	$0
Wallace E Goodwin (Vice President & Director)	$0	$0
Ken Fischer (Director)	$0	$0
Tina Mckeithan (Secretary & Director)	$0	$0

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990-EZ

Filed on Jan. 26, 2018

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Fiscal Year Ending June
2016

Revenue

$25,634

Expenses

$39,324

Net Income

-$13,690

Net Assets

$374,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$23,493	91.6%
Program Services	$0
Investment Income	$15,674	61.1%
Net Fundraising	-$13,533
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$374,725
Total Liabilities	$0
Net Assets	$374,725

Compensation

Key Employees and Officers	Compensation	Other
Paul Dana (President & Director)	$0	$0
Wallace E Goodwin (Vice President & Director)	$0	$0
Ken Fischer (Director)	$0	$0
Tina Mckeithan (Secretary & Director)	$0	$0

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990-EZ

Filed on March 22, 2017

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Fiscal Year Ending June
2015

Revenue

$26,245

Expenses

$34,455

Net Income

-$8,210

Net Assets

$388,415

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,057	> 100%
Program Services	$0
Investment Income	$7,699	29.3%
Net Fundraising	-$15,600
Sales of Assets	$5,089	19.4%
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$388,415
Total Liabilities	$0
Net Assets	$388,415

Compensation

Key Employees and Officers	Compensation	Other
Paul Dana (President & Director)	$0	$0
Wallace E Goodwin (Vice President & Director)	$0	$0
Ken Fischer (Director)	$0	$0
Tina Mckeithan (Secretary & Director)	$0	$0

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990-EZ

Filed on May 11, 2016

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Fiscal Year Ending June
2014

Revenue

$19,527

Expenses

$26,400

Net Income

-$6,873

Net Assets

$396,623

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$22,447	> 100%
Program Services	$0
Investment Income	$7,961	40.8%
Net Fundraising	-$10,910
Sales of Assets	$29	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$396,623
Total Liabilities	$0
Net Assets	$396,623

Compensation

Key Employees and Officers	Compensation	Other
Paul Dana (President & Director)	$0	$0
Wallace E Goodwin (Vice President & Director)	$0	$0
Ken Fischer (Director)	$0	$0
Mike Galloway (Secretary & Director)	$0	$0

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990-EZ

Filed on May 11, 2015

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Fiscal Year Ending June
2013

Revenue

$27,012

Expenses

$23,400

Net Income

$3,612

Net Assets

$403,496

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,879	99.5%
Program Services	$0
Investment Income	$7,265	26.9%
Net Fundraising	-$7,132
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$403,496
Total Liabilities	$0
Net Assets	$403,496

990-EZ

Filed on May 22, 2014

Short form tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2012

Revenue

$23,942

Expenses

$21,425

Net Income

$2,517

Net Assets

$399,884

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$24,187	> 100%
Program Services	$0
Investment Income	$6,999	29.2%
Net Fundraising	-$7,244
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$399,884
Total Liabilities	$0
Net Assets	$399,884

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$44,904

Expenses

$23,508

Net Income

$21,396

Net Assets

$397,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$44,030	98.1%
Program Services	$0
Investment Income	$6,241	13.9%
Net Fundraising	-$5,367
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$397,367
Total Liabilities	$0
Net Assets	$397,367

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Updated December 22, 2025

Mike Grace Memorial Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $132k (2025)

Expenses $25.9k (2025)

Total Assets $717k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

Revenue

$132k (2025)

Expenses

$25.9k (2025)

Total Assets

$717k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

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2022

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2021

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2020

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2019

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2018

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2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

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2014

Fiscal Year Ending June
2013

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2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

Fiscal Year Ending June
2002