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← AGC EDUCATIONAL ENDOWMENT FUND

Form 990 for tax year 2023

Filed by AGC EDUCATIONAL ENDOWMENT FUND.

Totals

Total revenue
$47,692
Total expenses
$77,085
Contributions and grants received
$30,490
Grants paid
$72,500
Program service revenue
$0
Investment income
$24,845
Other revenue
-$7,643
Total assets, end of year
$1,363,736
Total liabilities, end of year
$191,365
Net assets or fund balances, end of year
$1,172,371
Program services expenses (Part IX)
$77,085
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$77,085

Program services were 100.0% 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.

  • 1c · Fundraising events

    $26,650

  • 1f · All other contributions, gifts and grants

    $3,840

  • 3 · Investment income

    total $24,845 · excluded $24,845

  • 8a · Fundraising events: gross income

    $15,980

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

    $26,650

  • 8b · Fundraising events: direct expenses

    $23,623

  • 8c · Net income from fundraising events

    total -$7,643 · excluded -$7,643

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $72,500 · program services $72,500

  • 11f · Fees: investment management

    total $4,585 · program services $4,585

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,583

  • 2 · Savings and temporary cash investments

    beginning of year $22,679 · end of year $132,593

  • 4 · Accounts receivable

    beginning of year $998 · end of year $967

  • 12 · Investments: other securities

    beginning of year $1,056,187 · end of year $1,230,176

  • 25 · Other liabilities

    beginning of year $141,713 · end of year $191,365

  • 27 · Net assets without donor restrictions

    beginning of year -$98,167 · end of year -$98,167

  • 28 · Net assets with donor restrictions

    beginning of year $1,165,901 · end of year $1,270,538

Mission and programs · 2023

Mission

FORMED FOR THE PURPOSE OF ESTABLISHING A SCHOLARSHIP FUND FOR STUDENTS WHO ARE PURSUING COLLEGE, UNIVERSITY, TECHNICAL, OR SIMILAR ADVANCED EDUCATION AND TRAINING RELATED TO ARCHITECTURAL, ENGINEERING, OR CONSTRUCTION TRADES.

Activities or mission (Part I)

SCHOLARSHIPS GIVEN TO QUALIFIED STUDENTS TO HELP WITH COLLEGE TUITION.

  • SCHOLARSHIPS GIVEN TO QUALIFIED STUDENTS TO HELP WITH COLLEGE TUITION.

    Expenses $77,085 · Grants $72,500

  • STUDENT CHAPTER FUNDING WAS PROVIDED TO FERRIS, NORTHERN, AND MTU FOR EDUCATION AND TRAINING RELATED TO ARCHITECTUAL, ENGINEERING, OR CONSTRUCTION TRADES.

As filed on the 2023 return.

Listed in Part VII

  • Nino Chirco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Abate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donielle Wunderlich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Damian Hill

    PRESIDENT

    Total calculated
    $274,626
    From this org
    $0
    From related orgs
    $222,219
    Other
    $52,407
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,219 related
    Bonus
    $0 + $32,000 related
    Other
    $0
    Deferred
    $0 + $11,334 related
    Nontaxable benefits
    $0 + $41,073 related
    Filer's total
    $0 + $274,626 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 September 2024
IRS schema version
2023v5.1
Source object
202422569349300817

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