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Nonprofiteer
← THE CARNEY SCHOLARSHIP FOUNDATION INC

Form 990 for tax year 2025

Filed by THE CARNEY SCHOLARSHIP FOUNDATION INC.

Totals

Total revenue
$193,529
Total expenses
$220,432
Contributions and grants received
$0
Grants paid
$190,000
Program service revenue
$0
Investment income
$193,529
Other revenue
$0
Total assets, end of year
$4,505,721
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,505,721
Program services expenses (Part IX)
$190,000
Management and general expenses
$30,432
Fundraising expenses
$0
Program service expenses (Part III)
$190,000

Program services were 86.2% 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.

  • 3 · Investment income

    total $92,139 · related or exempt $92,139

  • 7a · Gross sales of assets other than inventory

    securities $505,724 · other assets $80,525

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

    securities $484,859

  • 7c · Gain or loss

    securities $20,865 · other assets $80,525

  • 7d · Net gain or loss

    total $101,390 · related or exempt $101,390

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $190,000 · program services $190,000

  • 24a · Other expenses: INVESTMENT MANAGEMENT FEE

    total $30,432 · management and general $30,432

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $132,351 · end of year $86,238

  • 11 · Investments: publicly traded securities

    beginning of year $4,003,936 · end of year $4,419,483

  • 27 · Net assets without donor restrictions

    beginning of year $4,136,287 · end of year $4,505,721

Mission and programs · 2025

Mission

TO PROVIDE INCOME TO THE UNIVERSITY OF HARTFORD TO GRANT SCHOLARSHIPS TO FULL-TIME UNIVERSITY OF HARTFORD UNDERGRADUATE STUDENTS.

Activities or mission (Part I)

TO PROVIDE EDUCATIONAL SCHOLARSHIPS

  • TO PROVIDE INCOME TO THE UNIVERSITY OF HARTFORD TO GRANT SCHOLARSHIPS TO FULL-TIME UNIVERSITY OF HARTFORD UNDERGRADUATE STUDENTS.

    Expenses $190,000 · Grants $190,000

As filed on the 2025 return.

Listed in Part VII

  • KATHERINE DEACON

    TRUSTEE

    Total calculated
    $0

  • PETER SWEENEY

    TRUSTEE

    Total calculated
    $0

  • ELAINE DALY

    SECRETARY/TR

    Total calculated
    $0

  • DAVID P HUSSEY

    PRESIDENT

    Total calculated
    $0

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
30 April 2026
IRS schema version
2025v4.0
Source object
202611259349301961

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