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Nonprofiteer
← DESERT SCHOLARSHIP FOUNDATION

Form 990 for tax year 2022

Filed by DESERT SCHOLARSHIP FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 28 December 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$1,979,454
Total expenses
$765,851
Contributions and grants received
$1,531,878
Grants paid
$460,384
Program service revenue
$118,265
Investment income
$329,311
Other revenue
$0
Total assets, end of year
$5,922,554
Total liabilities, end of year
$3,015
Net assets or fund balances, end of year
$5,919,539
Program services expenses (Part IX)
$765,851
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$765,851

Program services were 100.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,531,878

  • 2a · Program service revenue: FUND RAISING EVENT

    total $118,265 · related or exempt $118,265

  • 3 · Investment income

    total $121,472 · related or exempt $121,472

  • 7a · Gross sales of assets other than inventory

    securities $1,826,719 · other assets $20,398

  • 7b · Less cost or other basis and sales expenses

    securities $1,639,278

  • 7c · Gain or loss

    securities $187,441 · other assets $20,398

  • 7d · Net gain or loss

    total $207,839 · related or exempt $207,839

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $460,384 · program services $460,384

  • 7 · Other salaries and wages

    total $69,269 · program services $69,269

  • 11f · Fees: investment management

    total $41,963 · program services $41,963

  • 13 · Office expenses

    total $14,662 · program services $14,662

  • 19 · Conferences, conventions and meetings

    total $1,434 · program services $1,434

  • 23 · Insurance

    total $3,763 · program services $3,763

  • 24a · Other expenses: FUNDRAISING EXPENSE

    total $155,865 · program services $155,865

  • 24b · Other expenses: EVENTS EXPENSE

    total $18,511 · program services $18,511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $60,814 · end of year $40,713

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,633

  • 11 · Investments: publicly traded securities

    beginning of year $6,063,242 · end of year $5,833,621

  • 15 · Other assets

    end of year $48,220

  • 17 · Accounts payable and accrued expenses

    end of year $3,015

  • 27 · Net assets without donor restrictions

    beginning of year $6,127,689 · end of year $5,919,539

Mission and programs · 2022

Mission

THE MISSION OF DESERT SCHOLARSHIP FOUNDATION IS TO ADMINISTER AND MANAGE SCHOLARSHIP PROGRAMS TO FACILITATE MORE OPPORTUNITIES FOR NEIGHBORS TO BETTER THEMSELVES THROUGH EDUCATION.

  • PROVIDE SCHOLARSHIPS TO LOCAL RESIDENTS FOR POST-SECONDARY EDUCATION, PRIMARY EDUCATION, CONTINUING EDUCATION AND ADULT BASIC EDUCATION.

    Expenses $765,851 · Grants $460,384 · Revenue $118,265

As filed on the 2022 return.

Listed in Part VII

  • Lisa Laclair

    TREASURER

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kathi Salvog

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kristin Tierney

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gay Weake

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sandra Young

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Blair Moss

    PRESIDENT &

    Total calculated
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 April 2023
IRS schema version
2022v5.0
Source object
202301319349303090

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