Form 990 for tax year 2023
Filed by CINCINNATI SCHOLARSHIP FOUNDATION.
Totals
- Total revenue
- $2,127,105
- Total expenses
- $2,220,695
- Contributions and grants received
- $1,846,716
- Grants paid
- $1,675,806
- Program service revenue
- $0
- Investment income
- $280,389
- Other revenue
- $0
- Total assets, end of year
- $5,840,864
- Total liabilities, end of year
- $47,151
- Net assets or fund balances, end of year
- $5,793,713
- Program services expenses (Part IX)
- $1,700,203
- Management and general expenses
- $502,444
- Fundraising expenses
- $18,048
- Program service expenses (Part III)
- $1,700,203
Program services were 76.6% 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.
-
1c · Fundraising events
$33,884
-
1f · All other contributions, gifts and grants
$1,812,832
-
3 · Investment income
total $280,389 · unrelated business $0 · excluded $280,389
-
8a · Fundraising events: contributions included on line 1c
$33,884
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,675,806 · program services $1,675,806
-
5 · Compensation of officers, directors and key employees
total $171,942 · program services $0 · management and general $171,942 · fundraising $0
-
7 · Other salaries and wages
total $57,050 · program services $0 · management and general $57,050 · fundraising $0
-
9 · Other employee benefits
total $43,763 · program services $0 · management and general $43,763 · fundraising $0
-
10 · Payroll taxes
total $18,862 · program services $0 · management and general $18,862 · fundraising $0
-
11f · Fees: investment management
total $20,098 · program services $0 · management and general $20,098 · fundraising $0
-
11g · Fees: other
total $1,480 · program services $0 · management and general $1,480 · fundraising $0
-
12 · Advertising and promotion
total $4,628 · program services $0 · management and general $4,628 · fundraising $0
-
13 · Office expenses
total $24,028 · program services $729 · management and general $22,440 · fundraising $859
-
14 · Information technology
total $37,311 · program services $1,455 · management and general $35,363 · fundraising $493
-
16 · Occupancy
total $21,375 · program services $0 · management and general $21,375 · fundraising $0
-
17 · Travel
total $7,408 · program services $399 · management and general $6,840 · fundraising $169
-
23 · Insurance
total $2,024 · program services $0 · management and general $2,024 · fundraising $0
-
24a · Other expenses: PROFESSIONAL FEES
total $86,238 · program services $0 · management and general $83,264 · fundraising $2,974
-
24b · Other expenses: FUNDRAISING & RELATIONSHIP BUILDING
total $15,678 · program services $1,918 · management and general $610 · fundraising $13,150
-
24c · Other expenses: LICENSING FEES
total $5,968 · program services $0 · management and general $5,968 · fundraising $0
-
24d · Other expenses: SCHOLARSHIP ADMINISTRATION FEES
total $19,660 · program services $19,660 · management and general $0 · fundraising $0
-
24e · All other expenses
total $7,376 · program services $236 · management and general $6,737 · fundraising $403
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $508,643 · end of year $479,025
-
9 · Prepaid expenses and deferred charges
beginning of year $6,500 · end of year $11,464
-
10a · Land, buildings and equipment: cost or other basis
$21,987
-
10b · Land, buildings and equipment: accumulated depreciation
$5,584
-
10c · Land, buildings and equipment, net
beginning of year $20,591 · end of year $16,403
-
11 · Investments: publicly traded securities
beginning of year $4,899,923 · end of year $5,313,305
-
15 · Other assets
beginning of year $37,467 · end of year $20,667
-
17 · Accounts payable and accrued expenses
beginning of year $1,938 · end of year $10,081
-
25 · Other liabilities
beginning of year $58,058 · end of year $37,070
-
27 · Net assets without donor restrictions
beginning of year $538,188 · end of year $140,050
-
28 · Net assets with donor restrictions
beginning of year $4,874,940 · end of year $5,653,663
Mission and programs · 2023
Mission
THE MISSION OF THE ORGANIZATION IS TO CONNECT STUDENTS RESIDING IN GREATER CINCINNATI WITH POST-HIGH SCHOOL SCHOLARSHIP OPPORTUNITIES TO PURSUE THEIR EDUCATIONAL GOALS
-
SCHOLARSHIPS- THE OBJECT OF THE ORGANIZATION IS TO CREATE, MAINTAIN, AND ADMINISTER FUNDS FOR THE CULTURAL AND EDUCATIONAL ADVANCEMENT OF WORTHY AND FINANCIALLY NEEDY COLLEGE STUDENTS. SINCE 1964 OVER $60,936,267 IN SCHOLARSHIPS HAVE BEEN AWARDED TO 40,544 AREA STUDENTS.SEE SCHEDULE I FOR DETAILS OF THE CURRENTS YEAR SCHOLARSHIPS AWARDED.
Expenses $1,700,203 · Grants $1,675,806
As filed on the 2023 return.
Listed in Part VII
-
Whitney O'NealWHITNEY O'NEAL
PRESIDENT
- Total calculated
- $105,729
- From this org
- $105,729
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Elizabeth CollinsELIZABETH COLLINS
PROGRAM ADMINISTRATOR
- Total calculated
- $66,213
- From this org
- $66,213
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Shannan SchmittSHANNAN SCHMITT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Chad KoldeCHAD KOLDE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Matt LakeMATT LAKE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
James R CullenJAMES R CULLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew HoffmanMATTHEW HOFFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melanie BurdenMELANIE BURDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tanya FicklinTANYA FICKLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michelle HopkinsMICHELLE HOPKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Eric JacksonDR ERIC JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William LampkinWILLIAM LAMPKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jack MinerJACK MINER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adrienne MontgomeryADRIENNE MONTGOMERY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nikela Owens PhDNIKELA OWENS PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Travis SchraffenbengerTRAVIS SCHRAFFENBENGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Audley SmithDR AUDLEY SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bryan SurfaceBRYAN SURFACE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Caroline TrennepohlCAROLINE TRENNEPOHL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541339349306089
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