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Nonprofiteer
← UNIVERSITY CLUB SCHOLARSHIP FUND INC

Form 990 for tax year 2023

Filed by UNIVERSITY CLUB SCHOLARSHIP FUND INC.

Totals

Total revenue
$86,290
Total expenses
$167,271
Contributions and grants received
$109,951
Grants paid
$148,021
Program service revenue
$0
Investment income
-$25,459
Other revenue
$1,798
Total assets, end of year
$926,365
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$926,365
Program services expenses (Part IX)
$151,021
Management and general expenses
$16,250
Fundraising expenses
$0
Program service expenses (Part III)
$151,021

Program services were 90.3% 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

    $109,951

  • 3 · Investment income

    total $40,198 · excluded $40,198

  • 7a · Gross sales of assets other than inventory

    securities $1,046,181

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

    securities $1,111,838

  • 7c · Gain or loss

    securities -$65,657

  • 7d · Net gain or loss

    total -$65,657 · excluded -$65,657

  • 8a · Fundraising events: gross income

    $3,312

  • 8b · Fundraising events: direct expenses

    $1,514

  • 8c · Net income from fundraising events

    total $1,798 · excluded $1,798

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,600 · program services $48,600

  • 2 · Grants to domestic individuals

    total $99,421 · program services $99,421

  • 11c · Fees: accounting

    total $9,500 · management and general $9,500

  • 11f · Fees: investment management

    total $5,093 · management and general $5,093

  • 24a · Other expenses: SCHOLARSHIP STIPEND EXP

    total $3,000 · program services $3,000

  • 24b · Other expenses: OTHER FEES

    total $1,487 · management and general $1,487

  • 24c · Other expenses: CONTRACT LABOR

    total $170 · management and general $170

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $55,744 · end of year $21,580

  • 11 · Investments: publicly traded securities

    beginning of year $875,776 · end of year $904,785

  • 27 · Net assets without donor restrictions

    beginning of year $931,520 · end of year $926,365

Mission and programs · 2023

Mission

TO PROVIDE SCHOLARSHIPS OR GRANTS TO SENIORS ATTENDING BOSTON CHARTER, PILOT OR PUBLIC HIGH SCHOOLS WHO ARE PURSUING AN UNDERGRADUATE DEGREE AT A COLLEGE OR UNIVERSITY BASED ON THEIR FINANCIAL NEED, ACADEMIC SUCCESS, CHARACTER AND EXTRACURRICULAR ACTIVITIES.

Activities or mission (Part I)

TO PROVIDE SCHOLARSHIPS OR GRANTS TO STUDENTS PURSUING AN UNDERGRADUATE DEGREE.

  • TO PROVIDE SCHOLARSHIPS OR GRANTS TO SENIORS ATTENDING BOSTON CHARTER, PILOT OR PUBLIC HIGH SCHOOLS WHO ARE PURSUING AN UNDERGRADUATE DEGREE AT A COLLEGE OR UNIVERSITY BASED ON THEIR FINANCIAL NEED, ACADEMIC SUCCESS, CHARACTER AND EXTRACURRICULAR ACTIVITIES.

    Expenses $151,021 · Grants $148,021

As filed on the 2023 return.

Listed in Part VII

  • Corey Schafer

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gregory Jannetta

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul Dutton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Conrad Ello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Hillard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Abby Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Struzenski

    DIRECTOR

    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

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
7 November 2024
IRS schema version
2023v5.1
Source object
202413129349304801

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