Form 990 for tax year 2023
Filed by CALIFORNIA ASSOCIATION OF REALTORS SCHOLARSHIP FOUNDATION.
Totals
- Total revenue
- $70,180
- Total expenses
- $35,611
- Contributions and grants received
- $9,654
- Grants paid
- $24,000
- Program service revenue
- $0
- Investment income
- $60,526
- Other revenue
- $0
- Total assets, end of year
- $1,876,287
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,876,287
- Program services expenses (Part IX)
- $24,000
- Management and general expenses
- $11,611
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $24,000
Program services were 67.4% 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.
-
1f · All other contributions, gifts and grants
$9,654
-
3 · Investment income
total $60,701 · excluded $60,701
-
7a · Gross sales of assets other than inventory
securities $2,534
-
7b · Less cost or other basis and sales expenses
securities $2,709
-
7c · Gain or loss
securities -$175
-
7d · Net gain or loss
total -$175 · excluded -$175
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $24,000 · program services $24,000
-
11a · Fees: management
total $9,000 · management and general $9,000
-
11f · Fees: investment management
total $2,535 · management and general $2,535
-
24a · Other expenses: TAXES AND LICENSES
total $76 · management and general $76
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $175,811 · end of year $136,415
-
11 · Investments: publicly traded securities
beginning of year $1,594,316 · end of year $1,739,872
-
25 · Other liabilities
beginning of year $15,975 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,754,152 · end of year $1,876,287
Mission and programs · 2023
Mission
CALIFORNIA ASSOCIATION OF REALTORS SCHOLARSHIP FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS IN THE REAL ESTATE FIELD ENROLLED IN CALIFORNIA UNIVERSITIES.
Activities or mission (Part I)
PROVIDE SCHOLARSHIPS TO STUDENTS IN THE REAL ESTATE FIELD ENROLLED IN CALIFORNIA UNIVERSITIES.
-
CALIFORNIA ASSOCIATION OF REALTORS SCHOLARSHIP FOUNDATION AWARDED 8 STUDENTS SCHOLARSHIPS TOTALING $24,000 TO ATTEND CALIFORNIA UNIVERSITIES.
Expenses $24,000 · Grants $24,000
As filed on the 2023 return.
Listed in Part VII
-
Jeffrey CampbellJEFFREY CAMPBELL
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Patricia A DouglasPATRICIA A DOUGLAS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Stacy A Harris-GreenSTACY A HARRIS-GREEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gina AguilarGINA AGUILAR
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Liliana AlfonsoLILIANA ALFONSO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Joanne BrownJOANNE BROWN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Carla DaneCARLA DANE
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Andi MallenANDI MALLEN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey S NeidlemanJEFFREY S NEIDLEMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas P NinoTHOMAS P NINO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Adriana OrlandoADRIANA ORLANDO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Joy RamirezJOY RAMIREZ
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Iqbal BholatIQBAL BHOLAT
TREASURER
- Total calculated
- $281,507
- From this org
- $0
- From related orgs
- $248,451
- Other
- $33,056
- Hours/week
- 0.5
Schedule J breakdown matched by us
- Base
- $0 + $216,161 related
- Bonus
- $0 + $25,808 related
- Other
- $0 + $6,482 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $33,056 related
- Filer's total
- $0 + $281,507 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION PAYS NO COMPENSATION TO ANY OF IT BOARD OR OFFICERS. ALL COMPENSATION REPORTED IN FORM 990, PART VII, SECTION A IS PAID BY A RELATED ORGANIZATIONS, CALIFORNIA ASSOCIATION OF REALTORS, FOR SERVICES PROVIDED TO CALIFORNIA ASSOCIATION OF REALTORS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
CALIFORNIA ASSOCIATION OF REALTORS
501(C)(6) · BUSINESS LEAGUE OF CA REALTORS · CA
-
CAR HOUSING AFFORDABILITY FUND
501(C)(3) · PUBLIC CHARITY MAKING HOUSING AFFORDABILITY GRANTS · CA
Directly controlled by CALIFORNIA ASSOCIATION OF REALTORS
-
501(C)(3) · PUBLIC CHARITY MAKING EDUCATION GRANTS · CA
Directly controlled by CALIFORNIA ASSOCIATION OF REALTORS
-
CALIFORNIANS FOR HOMEOWNERSHIP INC
501(C)(3) · PUBLIC CHARITY ADVOCATING HOMEOWNERSHIP · CA
Directly controlled by CALIFORNIA ASSOCIATION OF REALTORS
-
HOMEOWNERSHIP FOR FAMILIES AND TAX SAVINGS FOR SENIORS
501(C)(6) · PROMOTE AFFORDABLE HOUSING THROUGH FAIR TAX POLICY · CA
Directly controlled by CALIFORNIA ASSOCIATION OF REALTORS
-
501(C)(6) · POLITICAL ACTION COMMITTEE · CA
Directly controlled by CALIFORNIA ASSOCIATION OF REALTORS
-
CALIFORNIA REAL ESTATE PAC
527 · POLITICAL ACTION COMMITTEE · CA
Directly controlled by CALIFORNIA ASSOCIATION OF REALTORS
-
CALIFORNIA REAL ESTATE PAC - C A R
527 · POLITICAL ACTION COMMITTEE · CA
Directly controlled by CALIFORNIA ASSOCIATION OF REALTORS
-
CA REAL ESTATE INDEPENDENT EXPENDITURE PAC - C A R
527 · POLITICAL ACTION COMMITTEE · CA
Directly controlled by CALIFORNIA ASSOCIATION OF REALTORS
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
REAL ESTATE BUSINESS TECHNOLOGIES INC
C · REALTOR SOFTWARE · CA
-
CALIFORNIA REAL ESTATE ASSOCIATION INC
C · NAME PROTECTION · CA
-
CAR CO CALIFORNIA ASSOC OF REALTORS
C · REALTOR SERVICES · CA
-
FINOM
C · REALTOR SERVICES · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423189349301307
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