Form 990 for tax year 2022

Totals

Total revenue

$414,810

Total expenses

$413,554

Contributions and grants received

$356,388

Grants paid

$342,299

Program service revenue

$0

Investment income

$64,903

Other revenue

-$6,481

Total assets, end of year

$2,642,214

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$2,642,214

Program services expenses (Part IX)

$342,299

Management and general expenses

$58,545

Fundraising expenses

$12,710

Program service expenses (Part III)

$342,299

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• THE FOUNDATION SCHOLARSHIPS AND GRANTS PROGRAMS GIVES STUDENTS THE OPPORTUNITY TO APPLY FOR FINANCIAL HELP THROUGH THE AWARDING OF SCHOLARSHIP, GRANTS, EMERGENCY FUNDING, AND CREDIT FOR PRIOR LEARNING AWARDS. THE AWARDS ARE GIVEN TO RELIEVE FINANCIAL BARRIERS THAT OFTEN PREVENT OUR MOTIVATED ADULT LEARNERS FROM PURSUING AND COMPLETING A HIGHER EDUCATION DEGREE; TO PROVIDE FINANCIAL ASSISTANCE TO VERIFY CREDITS EARNED FOR PRIOR LEARNING, THROUGH TESTING AND PORTFOLIO EVALUATIONS; AND ALSO TO PROVIDE FUNDING TO STUDENTS THAT ARE EXPERIENCING AN UNEXPECTED FINANCIAL CRISIS. ADDITIONALLY, GENEROUS DONORS HAVE ESTABLISHED NAMED ENDOWMENT FUNDS, IN PERPETUITY, WITH THE INTENT OF AWARDING SCHOLARSHIPS SPECIFIC TO THE CRITERIA OUTLINED FOR EACH FUND. THE FOUNDATION AWARDS FUNDING TO APPROXIMATELY 75 STUDENTS.

  Expenses $137,113 · Grants $137,113

• PATHWAYS

  Expenses $130,100 · Grants $130,100

• WOMEN IN TRANSITION PROGRAM (WIT) - ESTABLISHED IN 2000 TO BREAK THE CYCLE OF POVERTY, THE WIT PROGRAM IS A PROVEN FORMULA THAT HELPS LOW-INCOME SINGLE MOTHERS EARN A COLLEGE DEGREE WITH NO TO MINIMAL DEBT. THE PROGRAM ELIMINATES BARRIERS SUCH AS, COVERS THE COST OF TUITION, FEES, AND BOOKS; AND PROVIDES THE NECESSARY TECHNOLOGY AND ACCESS. WHILE THE COLLEGE PLATFORM ADDRESSES HOME FRONT, CHILDCARE, AND TRANSPORTATION CHALLENGES; PLUS OFFERS ACADEMIC SUPPORT, TUTORING, AND COACHING. THE SUPPORT AND RESOURCES STRATEGICALLY REMOVE HINDRANCES, ENABLING STUDENTS TO FOCUS ON THEIR STUDIES AND REACH DEGREE COMPLETION. THE PROGRAM AWARDS ASSISTANCE TO APPROXIMATELY 35 WOMEN EACH ACADEMIC YEAR.

  Expenses $39,501 · Grants $39,501

• THE WIDOWS' SOCIETY AWARD IS ADDED FUNDING FOR THE WOMEN IN TRANSITION STUDENTS. THESE GRANT DOLLARS WERE GIVEN TO HELP OUR LOW-INCOME SINGLE MOTHERS EARN A COLLEGE DEGREE WITH NO TO MINIMAL DEBT WITHOUT RESTRICTION TO ZIP CODE. ADDITIONALLY, THE WIDOWS AWARD HELPS STUDENTS ATTEND COLLEGE YEAR-ROUND BY SUPPLYING SUPPLEMENTAL AWARDS DURING THE SUMMER MONTHS, WHERE STUDENTS MAY NOT QUALIFY FOR FEDERAL PELL AID (DUE TO THE NUMBER OF CREDITS).

  Expenses $35,585 · Grants $35,585

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

• CHARTER OAK STATE COLLEGE

  $0

  FINANCIAL AID FOR SCHOLARSHIP RECIPIENTS

Provenance

Return type

form_990

Tax year

2022

Filed

14 May 2024

IRS schema version

2022v5.0

Source object

202411369349304216

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