Form 990 for tax year 2024
Filed by HEAR SCHOLARSHIP FOUNDATION INC.
Totals
- Total revenue
- $559,337
- Total expenses
- $781,255
- Contributions and grants received
- $538,366
- Grants paid
- $424,363
- Program service revenue
- $0
- Investment income
- $18,942
- Other revenue
- $2,029
- Total assets, end of year
- $1,253,126
- Total liabilities, end of year
- $45,209
- Net assets or fund balances, end of year
- $1,207,917
- Program services expenses (Part IX)
- $523,016
- Management and general expenses
- $153,888
- Fundraising expenses
- $104,351
- Program service expenses (Part III)
- $523,016
Program services were 66.9% 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
$538,366
-
3 · Investment income
total $18,942 · excluded $18,942
-
11a · Other revenue: REBATES
total $2,029 · related or exempt $2,029
-
11e · Other revenue, total
$2,029
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $424,363 · program services $424,363
-
11a · Fees: management
total $61,019 · management and general $61,019
-
11c · Fees: accounting
total $13,247 · management and general $13,247
-
13 · Office expenses
total $33,316 · program services $7,004 · management and general $26,312
-
16 · Occupancy
total $11,186 · management and general $11,186
-
22 · Depreciation, depletion and amortization
total $396 · management and general $396
-
23 · Insurance
total $6,937 · management and general $6,937
-
24a · Other expenses: DONOR RELATIONS EXPENSES
total $93,780 · fundraising $93,780
-
24b · Other expenses: PROGRAM DEVELOPMENT & ADM
total $84,994 · program services $84,994
-
24c · Other expenses: ADMINISTRATIVE SERVICES
total $32,918 · management and general $32,918
-
24d · Other expenses: GRANT WRITING
total $10,571 · fundraising $10,571
-
24e · All other expenses
total $8,528 · program services $6,655 · management and general $1,873
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $381,981 · end of year $194,888
-
9 · Prepaid expenses and deferred charges
beginning of year $14,307 · end of year $10,671
-
10a · Land, buildings and equipment: cost or other basis
$1,979
-
10b · Land, buildings and equipment: accumulated depreciation
$792
-
10c · Land, buildings and equipment, net
beginning of year $1,583 · end of year $1,187
-
11 · Investments: publicly traded securities
beginning of year $1,035,158 · end of year $1,046,380
-
17 · Accounts payable and accrued expenses
beginning of year $3,194 · end of year $45,209
-
31 · Retained earnings, endowment or other funds
beginning of year $1,429,835 · end of year $1,207,917
Mission and programs · 2024
Mission
HEAR PROVIDES FINANCIAL ASSISTANCE AND A COLLEGE SUCCESS PROGRAM TO LOW- INCOME CHICAGOLAND HIGH SCHOOL SENIORS WHO DEMONSTRATE ACADEMIC EXCELLENCE, COMMITMENT TO COMMUNITY, AND PERSONAL INTEGRITY IN THEIR PURSUIT OF A COLLEGE EDUCATION.
Activities or mission (Part I)
HEAR PROVIDES FINANCIAL ASSITANCE AND A COLLEGE SUCCESS PROGRAM TO LOW- INCOME CHICAGOLAND.
-
HEAR PROVIDES FINANCIAL ASSISTANCE AND A COLLEGE SUCCESS PROGRAM TO LOW- INCOME CHICAGOLAND HIGH SCHOOL SENIORS WHO DEMONSTRATE ACADEMIC EXCELLENCE, COMMITMENT TO COMMUNITY , AND PERSONAL INTEGRITY IN THEIR PURSUIT OF A COLLEGE EDUCATION.
Expenses $523,016 · Grants $424,363
-
HEAR PROVIDES FINANCIAL ASSISTANCE AND A COLLEGE SUCCESS PROGRAM TO LOW- INCOME CHICAGOLAND HIGH SCHOOL SENIORS WHO DEMONSTRATE ACADEMIC EXCELLENCE, COMMITMENT TO COMMUNITY , AND PERSONAL INTEGRITY IN THEIR PURSUIT OF A COLLEGE EDUCATION.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Greg CadichonGREG CADICHON
DIRECTORR
- Total calculated
- $0
- Hours/week
- 1
-
Santiago CandociaSANTIAGO CANDOCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Teresa DevereuxTERESA DEVEREUX
BOARD PRESID
- Total calculated
- $0
- Hours/week
- 1
-
Pablo EsparzaPABLO ESPARZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve HallSTEVE HALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Kate HatfieldMARY KATE HATFIELD
SCHOLARSHIP
- Total calculated
- $0
- Hours/week
- 1
-
Dana KirkegaardDANA KIRKEGAARD
FUNDRAISING
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer LangstonJENNIFER LANGSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Audrey MaloneAUDREY MALONE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Rula MarzianiRULA MARZIANI
FUNDRAISING
- Total calculated
- $0
- Hours/week
- 1
-
George SilcaGEORGE SILCA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rana StrellisRANA STRELLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim ZiembaJIM ZIEMBA
VICE PRESIDE
- 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
- 15 February 2026
- IRS schema version
- 2024v5.0
- Source object
- 202620469349300102
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