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Nonprofiteer
← JAMES R HOFFA MEMORIAL SCHOLARSHIP FUND INC

Form 990 for tax year 2025

Filed by JAMES R HOFFA MEMORIAL SCHOLARSHIP FUND INC.

Totals

Total revenue
$1,807,200
Total expenses
$1,506,064
Contributions and grants received
$447,204
Grants paid
$1,125,524
Program service revenue
$0
Investment income
$1,365,356
Other revenue
-$5,360
Total assets, end of year
$16,801,792
Total liabilities, end of year
$1,463,869
Net assets or fund balances, end of year
$15,337,923
Program services expenses (Part IX)
$1,189,137
Management and general expenses
$294,806
Fundraising expenses
$22,121
Program service expenses (Part III)
$1,189,137

Program services were 79.0% 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

    $447,204

  • 3 · Investment income

    total $1,348,517 · excluded $1,348,517

  • 7a · Gross sales of assets other than inventory

    securities $20,458,726

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

    securities $20,441,887

  • 7c · Gain or loss

    securities $16,839

  • 7d · Net gain or loss

    total $16,839 · excluded $16,839

  • 11a · Other revenue: GAIN/LOSS ON FOREIGN EXCHANGE

    total -$5,360 · excluded -$5,360

  • 11e · Other revenue, total

    -$5,360

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $973,524 · program services $973,524

  • 3 · Grants to foreign organizations and individuals

    total $152,000 · program services $152,000

  • 5 · Compensation of officers, directors and key employees

    total $24,000 · management and general $24,000

  • 7 · Other salaries and wages

    total $80,000 · management and general $80,000

  • 9 · Other employee benefits

    total $9,326 · management and general $9,326

  • 11c · Fees: accounting

    total $118,250 · management and general $118,250

  • 11f · Fees: investment management

    total $35,199 · management and general $35,199

  • 11g · Fees: other

    total $71,177 · program services $63,613 · management and general $7,564

  • 13 · Office expenses

    total $17,762 · management and general $4,055 · fundraising $13,707

  • 14 · Information technology

    total $2,988 · management and general $569 · fundraising $2,419

  • 23 · Insurance

    total $13,086 · management and general $13,086

  • 24a · Other expenses: CHARITY STATE FILING FE

    total $8,349 · management and general $2,354 · fundraising $5,995

  • 24e · All other expenses

    total $403 · management and general $403

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $249,575 · end of year $251,123

  • 4 · Accounts receivable

    beginning of year $65,757 · end of year $189,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,344 · end of year $43,105

  • 11 · Investments: publicly traded securities

    beginning of year $16,568,324 · end of year $16,291,047

  • 15 · Other assets

    beginning of year $27,084 · end of year $27,084

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,572 · end of year $16,328

  • 18 · Grants payable

    beginning of year $1,440,000 · end of year $1,412,541

  • 19 · Deferred revenue

    beginning of year $25,000 · end of year $35,000

  • 27 · Net assets without donor restrictions

    beginning of year $15,445,512 · end of year $15,337,923

Mission and programs · 2025

Mission

TO AWARD SCHOLARSHIPS TO DEPENDENTS OF TEAMSTERS UNION ACTIVE AND RETIRED MEMBERS IN ORDER TO ENABLE THE RECIPIENTS TO ATTEND ACCREDITED POST-SECONDARY EDUCATIONAL INSTITUTIONS.

  • TO GRANT COLLEGE SCHOLARSHIPS TO QUALIFIED DEPENDENTS OF ACTIVE AND RETIRED MEMBERS OF THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS.

    Expenses $1,189,137 · Grants $1,125,524

As filed on the 2025 return.

Listed in Part VII

  • RICHARD BELL

    PRESIDENT

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • TOM METZINGER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KAREN ROCHE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CINDY IMPALA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JAMES HOFFA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID HOFFA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHAWN ELLIS

    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
2025
Filed
25 August 2026
IRS schema version
2025v4.2
Source object
202612379349302011

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