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← MIFFLINBURG AREA COMMUNITY SCHOLARSHIP TRUST INC

Form 990 for tax year 2024

Filed by MIFFLINBURG AREA COMMUNITY SCHOLARSHIP TRUST INC.

Totals

Total revenue
$232,152
Total expenses
$84,941
Contributions and grants received
$145,896
Grants paid
$80,500
Program service revenue
$0
Investment income
$85,658
Other revenue
$598
Total assets, end of year
$762,142
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$762,142
Program services expenses (Part IX)
$80,500
Management and general expenses
$4,441
Fundraising expenses
$0
Program service expenses (Part III)
$80,500

Program services were 94.8% 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

    $145,896

  • 3 · Investment income

    total $44,932 · related or exempt $44,932

  • 7a · Gross sales of assets other than inventory

    securities $345,046 · other assets $4,466

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

    securities $308,786

  • 7c · Gain or loss

    securities $36,260 · other assets $4,466

  • 7d · Net gain or loss

    total $40,726 · related or exempt $40,726

  • 8a · Fundraising events: gross income

    $6,275

  • 8b · Fundraising events: direct expenses

    $5,677

  • 8c · Net income from fundraising events

    total $598

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $80,500 · program services $80,500

  • 11f · Fees: investment management

    total $3,071 · management and general $3,071

  • 13 · Office expenses

    total $573 · management and general $573

  • 24a · Other expenses: WEBSITE

    total $568 · management and general $568

  • 24b · Other expenses: REGISTRATION FEE

    total $150 · management and general $150

  • 24c · Other expenses: FOREIGN TAX ON INVESTMENT

    total $79 · management and general $79

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,988 · end of year $77,691

  • 11 · Investments: publicly traded securities

    beginning of year $592,710 · end of year $684,451

  • 27 · Net assets without donor restrictions

    beginning of year $625,698 · end of year $762,142

Mission and programs · 2024

Mission

THE MISSION OF THE MIFFLINBURG AREA COMMUNITY SCHOLARSHIP TRUST, INC. IS TO PROVIDE A PERPETUAL SOURCE OF FUNDS FOR DESERVING, GRADUATING MIFFLINBURG AREA HIGH SCHOOL STUDENTS.

  • SCHOLARSHIPS AWARDED TO 25 MIFFLINBURG AREA HIGH SCHOOL SENIORS (CLASS OF 2023) AND 10 MIFFLINBURG AREA GRADUATES TO CONTINUE THEIR POST SECONDARY EDUCATION.

    Expenses $80,500 · Grants $80,500

As filed on the 2024 return.

Listed in Part VII

  • Carrie Bomgardner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Fee

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Janine Fee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deb Gillott

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dirk Metzger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glenn Spangler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Erin Threet

    TREASURER

    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
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202533219349301913

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