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← ACHIEVEMENT REWARDS FOR COLLEGE SCIENTS FOUNDATION INC

Form 990 for tax year 2022

Filed by ACHIEVEMENT REWARDS FOR COLLEGE SCIENTS FOUNDATION INC.

Totals

Total revenue
$2,472,860
Total expenses
$340,661
Contributions and grants received
$2,302,703
Grants paid
$5,000
Program service revenue
$70,060
Investment income
$98,431
Other revenue
$1,666
Total assets, end of year
$5,044,477
Total liabilities, end of year
$36,196
Net assets or fund balances, end of year
$5,008,281
Program services expenses (Part IX)
$257,010
Management and general expenses
$54,874
Fundraising expenses
$28,777
Program service expenses (Part III)
$257,010

Program services were 75.4% 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.

  • 1b · Membership dues

    $39,165

  • 1c · Fundraising events

    $66,805

  • 1f · All other contributions, gifts and grants

    $2,196,733

  • 1g · Noncash contributions included above

    $5,214

  • 2a · Program service revenue: OTHER INCOME

    total $70,060 · related or exempt $70,060

  • 3 · Investment income

    total $109,837 · excluded $109,837

  • 7a · Gross sales of assets other than inventory

    securities $4,523,290

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

    securities $4,534,696

  • 7c · Gain or loss

    securities -$11,406

  • 7d · Net gain or loss

    total -$11,406 · excluded -$11,406

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $66,805

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $1,666

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $1,666 · related or exempt $1,666

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 11a · Fees: management

    total $121,548 · program services $92,369 · management and general $18,821 · fundraising $10,358

  • 11b · Fees: legal

    total $517 · program services $52 · management and general $130 · fundraising $335

  • 11c · Fees: accounting

    total $13,500 · management and general $13,500

  • 11f · Fees: investment management

    total $29,806 · program services $29,806

  • 11g · Fees: other

    total $26,131 · program services $18,665 · management and general $3,733 · fundraising $3,733

  • 13 · Office expenses

    total $112,581 · program services $79,540 · management and general $18,690 · fundraising $14,351

  • 14 · Information technology

    total $31,578 · program services $31,578

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $82,830 · end of year $121,527

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,058 · end of year $5,653

  • 12 · Investments: other securities

    beginning of year $2,561,962 · end of year $4,917,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,894 · end of year $36,196

  • 19 · Deferred revenue

    beginning of year $48,305 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $252,239 · end of year $267,797

  • 28 · Net assets with donor restrictions

    beginning of year $2,338,412 · end of year $4,740,484

Mission and programs · 2022

Mission

TO ADVANCE SCIENCE AND TECHNOLOGY IN THE UNITED STATES BY PROVIDING FINANCIAL AWARDS TO ACADEMICALLY OUTSTANDING U.S. CITIZENS STUDYING TO COMPLETE DEGREES IN SCIENCE, ENGINEERING AND MEDICAL RESEARCH.

Activities or mission (Part I)

ARCS FOUNDATION PROVIDES SCHOLAR AWARDS TO ACADEMICALLY OUTSTANDING UNITED STATES CITIZENS STUDYING TO COMPLETE DEGREES IN SCIENCE, MEDICINE AND ENGINEERING, THEREBY CONTRIBUTING TO THE ADVANCEMENT OF SCIENCE AND TECHNOLOGY.

  • ARCS FOUNDATION NATIONAL, UTILIZING ITS MANAGEMENT FIRM, PROVIDES SIGNIFICANT COMMUNICATIONS SERVICES BENEFITING ALL CHAPTERS WITHIN THE ORGANIZATION. SERVICES INCLUDE THE PRODUCTION OF AN ANNUAL REPORT, A REGULAR ELECTRONIC NEWSLETTER, AND REGULAR SOCIAL MEDIA POSTS HIGHLIGHTING THE WORK OF THE ORGANIZATION ITSELF AND THE ACCOMPLISHMENTS OF CURRENT AND FORMER SCHOLARS. WEBINARS ARE HELD FOR THE TRAINING OF LEADERSHIP IN A VARIETY OF AREAS ESSENTIAL TO THE FUNCTIONING OF THE CHAPTERS. OTHER RELATED EXPENSES INCLUDE THE PURCHASE OF BRANDED MATERIALS PROVIDED TO CHAPTER SCHOLARS AT AWARDS CELEBRATIONS.

    Expenses $257,010 · Grants $5,000 · Revenue $71,726

  • THE NATIONAL BOARD PROVIDES A ROBUST WEB SITE FOR THE USE OF ALL ARCS CHAPTERS. WEB SITE FEATURES INCLUDE PAYMENT PROCESSING, SCHOLAR DATABASE MANAGEMENT AND REPORTING, MEMBER AND DONOR DATABASE MANAGEMENT AND REPORTING, EMAIL COMMUNICATIONS, AND EVENT MANAGEMENT.

  • THE ALL MEMBER CONFERENCE AND NATIONAL BOARD MEETINGS ARE ATTENDED BY THE ORGANIZATION'S BOARD OF DIRECTORS AND MEMBERS OF AFFILIATED CHAPTERS. THESE MEETINGS PROVIDE BREAK-OUT SESSIONS, WORKSHOPS, KEYNOTE SPEAKERS, PRESENTATIONS BY CURRENT AND FORMER SCHOLARS , AND AWARDS AND RECOGNITION FOR ACCOMPLISHMENTS IN ORDER TO FURTHER THE MISSION OF THE ORGANIZATION. THE MEETINGS ALSO FACILITATE THE DEVELOPMENT AND MAINTENANCE OF NATIONAL STANDARDS OF EXCELLENCE FOR RECIPIENT UNIVERSITIES AND ELIGIBLE SCHOLARS. THEY PROVIDE MENTORING AND VOLUNTEER DEVELOPMENT OPPORTUNITIES AS WELL AS COMMUNICATION NETWORKS FOR THE BENEFIT OF AFFILIATED CHAPTERS.

As filed on the 2022 return.

Listed in Part VII

  • Caron Ogg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Beth Wainwright

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    5

  • Christine Hawes

    VP FOR FINANCE

    Total calculated
    $0
    Hours/week
    5

  • Nancy Chambers

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Amy Rudolf

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Anna Maria Matteucci

    VP FOR PHILANTHROPY

    Total calculated
    $0
    Hours/week
    5

  • Yolanda Walther-Meade

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Margaret McGann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sara Jean Burke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sally McDaniel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Joan Foley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Chris Simpson Brent

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jill Bray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Julie Branford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Linda Burke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Lynne Brickner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Christy Burton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Aletha Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Judy Benham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Ana Chu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Patty Sparrell

    VP FOR OPERATIONS

    Total calculated
    $0
    Hours/week
    5

  • Linda Thier

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Cheryl Mae Craft

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sarah Dunnam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sarah Vandenplas

    VP FOR PHILANTHROPY

    Total calculated
    $0
    Hours/week
    5

  • Chandra Jain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Holly Heaton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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.

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
2022
Filed
19 January 2024
IRS schema version
2022v5.0
Source object
202410199349300626

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