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US nonprofit · EIN 756690165 · Raleigh, NCiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 756690165) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe time served.Latest return IRS Form 990 series e-file data - 990 for the year to 30 June 2025: assets, liabilities, staff, website, telephone, pay, related organisations (Schedule R), grants paid (Schedule I).Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue. Not a statement that the organisation is recruiting.Deductibility IRS Publication 78 data (code SOUNK), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

Otha E Herring Scholarship Fund I

Donations deductible
Revenue
$223k
year to 30 June 2025
Expenses
$213k
year to 30 June 2025
Total assets
$3.5m
$0 liabilities
Net assets
$3.5m
assets less liabilities
Directors and trustees
6
5.3 years on average
Staff
0
employees, year to 30 June 2025
Left since last filing
0
no seats appear to have opened
Voting members
7
reported in Part VI
How am I connected?

Otha E Herring Scholarship Fund I's network

6 people3 organisationsi6 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Violet dotted lines (5) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 7 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Brian BlackburnTrustee2021
5 yrs
Clark DrummondTrustee2021
5 yrs
Ken BuchananTrustee2022
4 yrs
Lynne SmithTrustee2021
5 yrs
Mary DrummondTrustee2021
5 yrs
TIM WoodwardTrustee2021
5 yrs
Under 5 years5 to 6 years6 years or more

Pay and hours

year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
First Citizens BankTrustee$32k
Tim WoodwardTrustee40$0$111k
Brian BlackburnTrustee40$0$65k
Lynne SmithTrustee$0
Mary DrummondTrustee$0
Clark DrummondTrustee$0
Ken BuchananTrustee40$0$185k

About

Legal name
Otha E Herring Scholarship Fund I
EIN
756690165
Address
Po Box 29522, Raleigh, NC, 27626-0522
State
North Carolina
Mission
Provide funding for scholarships for residents of duplin county and the town of mount olive, nc who are full or part-time students of mount olive college (as filed on the Form 990)
Activity (NTEE)
B82 Education
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Education
Size band
6 (IRS master file code)
Formed
2003
Principal officer
Louis Valker (as named on the Form 990)
IRS ruling date
1 October 2003
Status
Code 01 (unconditional exemption)
Form 990 filings on record
5, latest 2025
IRS Publication 78
SOUNK (contributions deductible)

Most connected

Related organisations (Schedule R)

RelatedUNIVERSITYUniversity of Mount Olive Inc

Longest observed on the filings

≥5years on the filingsBrian Blackburn
≥5years on the filingsClark Drummond
≥5years on the filingsLynne Smith
≥5years on the filingsMary Drummond

Latest return

year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.
Total assets
$3.5m
Total liabilities
$0
Net assets or fund balances
$3.5m
Contributions and grants received
$0
Program service revenue
$0
Grants and similar paid out
$179k
Employees
0

Filed finances

1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2024$223k$213k$10k

As filed on the IRS Form 990. US dollars.

Grants paid

1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.
RecipientPurposeAmount
University of Mount Olive IncProvide funding for scholarships for residents of duplin county and the town of mount olive, nc who are full or part-time students of mount$179k