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Nonprofiteer
← KIWANIS CLUB OF LAKEWOOD OHIO SCHOLARSHIP FOUNDATION INC

Form 990 for tax year 2022

Filed by KIWANIS CLUB OF LAKEWOOD OHIO SCHOLARSHIP FOUNDATION INC.

Totals

Total revenue
$162,470
Total expenses
$454,323
Contributions and grants received
$78,795
Grants paid
$145,000
Program service revenue
$0
Investment income
$9,175
Other revenue
$74,500
Total assets, end of year
$1,477,793
Total liabilities, end of year
$233,750
Net assets or fund balances, end of year
$1,244,043
Program services expenses (Part IX)
$454,323
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$454,323

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.

  • 1f · All other contributions, gifts and grants

    $78,795

  • 7a · Gross sales of assets other than inventory

    securities $99,000

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

    securities $89,825

  • 7c · Gain or loss

    securities $9,175

  • 7d · Net gain or loss

    total $9,175 · related or exempt $9,175

  • 8a · Fundraising events: gross income

    $6,379

  • 8b · Fundraising events: direct expenses

    $3,517

  • 8c · Net income from fundraising events

    total $2,862 · excluded $2,862

  • 11a · Other revenue: DIVIDENDS

    total $66,689 · related or exempt $66,689

  • 11b · Other revenue: MISC

    total $4,799 · related or exempt $4,799

  • 11c · Other revenue: INTEREST

    total $150 · related or exempt $150

  • 11e · Other revenue, total

    $71,638

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $145,000 · program services $145,000

  • 11f · Fees: investment management

    total $13,232 · program services $13,232

  • 24a · Other expenses: FAIR MARKET VALUE CHANG

    total $292,991 · program services $292,991

  • 24b · Other expenses: COMMUNITY SERVICE

    total $2,284 · program services $2,284

  • 24c · Other expenses: ADVERTISING

    total $300 · program services $300

  • 24d · Other expenses: PO BOX RENTAL

    total $212 · program services $212

  • 24e · All other expenses

    total $304 · program services $304

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,421 · end of year $125,026

  • 11 · Investments: publicly traded securities

    beginning of year $1,610,475 · end of year $1,352,767

  • 17 · Accounts payable and accrued expenses

    beginning of year $145,000 · end of year $233,750

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,535,896 · end of year $1,244,043

Mission and programs · 2022

Mission

GIVE COLLEGE SCHOLARSHIPS TO LAKEWOOD GRADUATING STUDENT RESIDENTS AND SUPPORT PROGRAMS OF KIWANIS CLUB OF LAKEWOOD FOR THE IMPROVEMENT OF CHILDREN AND FAMILIES

  • GIVE COLLEGE SCHOLARSHIPS TO LAKEWOOD GRADUATING STUDENT RESIDENTS

    Expenses $454,323 · Grants $145,000

As filed on the 2022 return.

Listed in Part VII

  • David Norton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • John Craighead

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Matt Rawlings

    PRES

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Nancy Andre

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Stanley Corwin

    TREASURER

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Jamesvine

    V P

    Total calculated
    $0
    Hours/week
    2

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
14 July 2023
IRS schema version
2022v5.0
Source object
202341959349301569

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