Old Boys Scholarship Foundation
Old Boys Scholarship Foundation is a private foundation, based in Delafield, WI. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $101K in total assets. In 2021, it awarded 1 grant totaling $3K. Net investment income was $16K.
Old Boys Scholarship Foundation at a glance
In short: Old Boys Scholarship Foundation gave $3K across 1 grant in 2021 (avg $3K), mostly in Wisconsin. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $3,240
- -7.6% vs 2020
- Grants made (2021)
- 1
- +0.0% vs 2020
- Average grant
- $3,240
- -7.6% vs 2020
- Median grant
- $3,240
- Total assets
- $100,550
- +19.3% vs 2020
- Primary geography
- Wisconsin (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated October 2026.
Who Old Boys Scholarship Foundation funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2021 grant dollars on its one itemized grant.
States
Cities
How Old Boys Scholarship Foundation gives
- In 2021 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $3K (2021) to $4K (2020). In 2021 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $3,240 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2021 | $100,550 | $20,320 | $4,413 | $3,240 | 1 | $3,640 | $16,076 | $4,066 |
| 2020 | $84,274 | $4,068 | $4,443 | $3,505 | 1 | — | $3,504 | $3,593 |
Under IRS private-foundation payout rules, Old Boys Scholarship Foundation reported a distributable amount of $4K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Old Boys Scholarship Foundation is led by Mike Hoover, President on the 2021 filing; none of the 16 officers listed in 2021 report compensation.
Officers on the 2021 filing
Mike Hoover
President
New on the 2021 filing
2 hrs/week
No compensation reported
Bill Sanders
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Gregory Van Praag
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Jc Fairvalley
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Lucas Kraft
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Mike Cerier
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Mike Dayton
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Nikki Cummings
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Pete Waskel
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Sean Bornshlegl
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Sean Lane
Director
New on the 2021 filing
2 hrs/week
No compensation reported
Ted Roth
Director
New on the 2021 filing
2 hrs/week
No compensation reported
David Zirngibl
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Cory Byrnes
1st Vice President
New on the 2021 filing
2 hrs/week
No compensation reported
John Bartial
2nd Vice President
New on the 2021 filing
2 hrs/week
No compensation reported
Kyle Popek
Secretary
New on the 2021 filing
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Old Boys Scholarship Foundation
How much does Old Boys Scholarship Foundation give each year?
Old Boys Scholarship Foundation gave $3K across 1 grant in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $4K across 1 grant.
How large is Old Boys Scholarship Foundation?
Old Boys Scholarship Foundation reported $101K in total assets on its 2021 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Old Boys Scholarship Foundation operate?
Old Boys Scholarship Foundation has awarded grants in Wisconsin.
What is Old Boys Scholarship Foundation's EIN?
Old Boys Scholarship Foundation's EIN (Employer Identification Number) is 39-6036633. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- IRS filings on file for fiscal years 2020–2021
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