Old Boys Scholarship Foundation

Private foundation · Grantmaker Delafield, WI EIN: 39-6036633

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.

Key facts about Old Boys Scholarship Foundation

In short: Old Boys Scholarship Foundation gave $3K across 1 grant in 2021 (avg $3K), mostly in Wisconsin. Source: 2021 IRS Form 990-PF.

EIN
39-6036633
Latest 990 filing
Form 990-PF, 2021
Annual giving (2021)
$3,240
Grants made (2021)
1
Average grant
$3,240
Median grant
$3,240
Total assets
$100,550
Primary geography
Wisconsin (100% of itemized 2021 grant dollars)

Data from IRS Form 990-PF, 2021; updated October 2026.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

$101K

+19.3% YoY

Annual Giving

$3K

-7.6% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$3K

-7.6% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2021 grant dollars on its one itemized grant.

States

Cities

Delafield

Giving Over Time

Total grant dollars and number of grants per year

$0$1K$2K$3K$4K1 grant2020 1 grant2021

From 2020 to 2021, annual grant giving ranged from $3K (2021) to $4K (2020). In 2021 it made 1 grant totaling $3K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2021

St John's Northwestern Military Academy: $3KSt John's NorthwesternMilitary Academy$3K

The largest 2021 recipient was St John's Northwestern Military Academy ($3K).

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
St John's Northwestern Military Academy Delafield, WIScholarship$3,240

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K2020 2021
Metric20212020
Total Assets$100,550$84,274
Revenue$20,320$4,068
Expenses$4,413$4,443
Qualifying Distributions$3,640—
Net Investment Income$16,076$3,504
Distributable Amount$4,066$3,593

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
  3. IRS filings on file for fiscal years 2020–2021

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.

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