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Nonprofiteer
← JOHN FOX SCHOLARSHIP FUND

Form 990 for tax year 2023

Filed by JOHN FOX SCHOLARSHIP FUND.

Totals

Total revenue
$81,770
Total expenses
$108,111
Contributions and grants received
$0
Grants paid
$35,250
Program service revenue
$10,443
Investment income
$71,327
Other revenue
$0
Total assets, end of year
$1,056,038
Total liabilities, end of year
$14,329
Net assets or fund balances, end of year
$1,041,709
Program services expenses (Part IX)
$35,250
Management and general expenses
$72,861
Fundraising expenses
$0
Program service expenses (Part III)
$35,250

Program services were 32.6% 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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $10,443 · related or exempt $10,443

  • 3 · Investment income

    total $20,988 · excluded $20,988

  • 7a · Gross sales of assets other than inventory

    securities $544,889

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

    securities $494,550

  • 7c · Gain or loss

    securities $50,339

  • 7d · Net gain or loss

    total $50,339 · excluded $50,339

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $35,250 · program services $35,250

  • 11b · Fees: legal

    total $6,006 · management and general $6,006

  • 11c · Fees: accounting

    total $13,800 · management and general $13,800

  • 11f · Fees: investment management

    total $8,912 · management and general $8,912

  • 13 · Office expenses

    total $39,909 · management and general $39,909

  • 23 · Insurance

    total $4,234 · management and general $4,234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,365 · end of year $19,070

  • 2 · Savings and temporary cash investments

    beginning of year $20,994 · end of year $114,406

  • 4 · Accounts receivable

    beginning of year $1,024 · end of year $604

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,282 · end of year $1,124

  • 11 · Investments: publicly traded securities

    beginning of year $793,311 · end of year $848,793

  • 12 · Investments: other securities

    beginning of year $79,640 · end of year $72,041

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,481 · end of year $13,311

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,018

  • 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 $914,135 · end of year $1,041,709

Mission and programs · 2023

Mission

PROVIDING FINANCIAL ASSISTANCE TO MEMBERS OF THE PHILADELPHIA JOINT BOARD, INCLUDING ITS LOCAL 274, AND THEIR DEPENDENTS, WHO HAVE DEMONSTRATED SCHOLASTIC ABILITY, GOOD CHARACTER, AND QUALITIES OF LEADERSHIP WHO MIGHT NOT OTHERWISE BE ABLE TO AFFORD A COLLEGE EDUCATION.

  • ORGANIZATION DEVOTED SOLELY AND EXCLUSIVELY TO THE PURPOSE OF GRANTING FINANCIAL AID IN THE EDUCATIONAL ENDEAVORS OF ELIGIBLE MEMBERS AND THEIR ELIGIBLE DEPENDENTS.

    Expenses $35,250 · Grants $35,250 · Revenue $60,782

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Minter

    UNION TRUSTEE

    Total calculated
    $600
    From this org
    $0
    From related orgs
    $600
    Other
    $0
    Hours/week
    1 + 5 related

  • Lynne P Fox

    UNION TRUSTEE

    Total calculated
    $8,742
    From this org
    $0
    From related orgs
    $600
    Other
    $8,142
    Hours/week
    1 + 5 related

  • Gina Wilson

    UNION TRUSTEE

    Total calculated
    $70,017
    From this org
    $0
    From related orgs
    $61,875
    Other
    $8,142
    Hours/week
    1 + 40 related

  • Eric Goldberg

    EMPLOYER TRUSTEE (P)

    Total calculated
    $0
    Hours/week
    1

  • Mark Hildebrandt

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anne Marie Zaren

    UNION TRUSTEE

    Total calculated
    $82,734
    From this org
    $0
    From related orgs
    $74,592
    Other
    $8,142
    Hours/week
    1 + 40 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.

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
24 July 2024
IRS schema version
2023v5.1
Source object
202402069349300110

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