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← FUSION ACADEMY SCHOLARSHIP FOUNDATION

Form 990 for tax year 2023

Filed by FUSION ACADEMY SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$290,861
Total expenses
$381,601
Contributions and grants received
$290,861
Grants paid
$367,850
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$753,374
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$753,374
Program services expenses (Part IX)
$367,850
Management and general expenses
$13,751
Fundraising expenses
$0
Program service expenses (Part III)
$367,850

Program services were 96.4% 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

    $290,861

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 2 · Grants to domestic individuals

    total $267,850 · program services $267,850

  • 11c · Fees: accounting

    total $2,696 · management and general $2,696

  • 13 · Office expenses

    total $7,619 · management and general $7,619

  • 24a · Other expenses: MERCHANT FEES

    total $3,436 · management and general $3,436

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $849,114 · end of year $753,374

  • 27 · Net assets without donor restrictions

    beginning of year $849,114 · end of year $753,374

Mission and programs · 2023

Mission

FUSION ACADEMY SCHOLARSHIP FOUNDATION SEEKS TO PROVIDE A LIFE-CHANGING EXPERIENCE TO STUDENTS WHO DESPERATELY NEED THE BENEFITS OF PERSONALIZED EDUCATION BUT LACK THE RESOURCES TO PAY FOR IT.

  • FUSION ACADEMY SCHOLARSHIP FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS THROUGHOUT THE COUNTRY TO PROVIDE A LIFE-CHANGING EXPERIENCE TO STUDENTS IN NEED.

    Expenses $367,850 · Grants $367,850 · Revenue $285,861

As filed on the 2023 return.

Listed in Part VII

  • Randy Eisenman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Mordecai

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Paven

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jan Fielder

    PRESIDENT

    Total calculated
    $83,330
    From this org
    $0
    From related orgs
    $83,330
    Other
    $0
    Hours/week
    40

  • Robin Storfer

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Susan Saxe

    TREASURER

    Total calculated
    $0
    Hours/week
    3

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

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202413059349302321

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