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← DOLPHIN SCHOLARSHIP FOUNDATION

Form 990 for tax year 2024

Filed by DOLPHIN SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$612,629
Total expenses
$761,199
Contributions and grants received
$347,571
Grants paid
$486,071
Program service revenue
$0
Investment income
$201,274
Other revenue
$63,784
Total assets, end of year
$9,001,838
Total liabilities, end of year
$37,777
Net assets or fund balances, end of year
$8,964,061
Program services expenses (Part IX)
$683,077
Management and general expenses
$59,886
Fundraising expenses
$18,236
Program service expenses (Part III)
$683,077

Program services were 89.7% 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.

  • 1c · Fundraising events

    $1,757

  • 1f · All other contributions, gifts and grants

    $345,814

  • 1g · Noncash contributions included above

    $9,875

  • 3 · Investment income

    total $193,295 · excluded $193,295

  • 7a · Gross sales of assets other than inventory

    securities $650,000

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

    securities $642,021

  • 7c · Gain or loss

    securities $7,979

  • 7d · Net gain or loss

    total $7,979 · related or exempt $7,979

  • 8a · Fundraising events: gross income

    $80,453

  • 8a · Fundraising events: contributions included on line 1c

    $1,757

  • 8b · Fundraising events: direct expenses

    $22,344

  • 8c · Net income from fundraising events

    total $58,109 · excluded $58,109

  • 10a · Gross sales of inventory

    $7,952

  • 10b · Cost of goods sold

    $2,277

  • 10c · Net income from sales of inventory

    total $5,675 · excluded $5,675

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $486,071 · program services $486,071

  • 5 · Compensation of officers, directors and key employees

    total $100,596 · program services $80,477 · management and general $15,089 · fundraising $5,030

  • 7 · Other salaries and wages

    total $58,630 · program services $46,904 · management and general $8,795 · fundraising $2,931

  • 10 · Payroll taxes

    total $14,193 · program services $11,354 · management and general $2,129 · fundraising $710

  • 11b · Fees: legal

    total $501 · program services $351 · management and general $75 · fundraising $75

  • 11c · Fees: accounting

    total $4,250 · program services $2,974 · management and general $638 · fundraising $638

  • 11f · Fees: investment management

    total $20,432 · management and general $20,432

  • 11g · Fees: other

    total $507 · program services $355 · management and general $76 · fundraising $76

  • 12 · Advertising and promotion

    total $819 · program services $819

  • 13 · Office expenses

    total $5,023 · program services $2,106 · management and general $683 · fundraising $2,234

  • 14 · Information technology

    total $22,233 · program services $15,563 · management and general $3,335 · fundraising $3,335

  • 16 · Occupancy

    total $21,536 · program services $17,229 · management and general $3,230 · fundraising $1,077

  • 17 · Travel

    total $520 · program services $520

  • 19 · Conferences, conventions and meetings

    total $189 · program services $133 · management and general $28 · fundraising $28

  • 22 · Depreciation, depletion and amortization

    total $2,245 · program services $1,571 · management and general $337 · fundraising $337

  • 23 · Insurance

    total $4,072 · program services $2,850 · management and general $611 · fundraising $611

  • 24a · Other expenses: IN KIND EXPENSES

    total $8,118 · program services $8,118

  • 24b · Other expenses: TELEPHONE

    total $4,298 · program services $3,008 · management and general $645 · fundraising $645

  • 24c · Other expenses: EQUIPMENT RENTAL & MAINT

    total $3,952 · management and general $3,715 · fundraising $237

  • 24d · Other expenses: REGISTRATION

    total $1,306 · program services $1,306

  • 24e · All other expenses

    total $1,708 · program services $1,368 · management and general $68 · fundraising $272

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,166 · end of year $1,321

  • 2 · Savings and temporary cash investments

    beginning of year $177,464 · end of year $209,643

  • 4 · Accounts receivable

    beginning of year $12,000 · end of year $10,140

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,181 · end of year $2,014

  • 10a · Land, buildings and equipment: cost or other basis

    $30,766

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,266

  • 10c · Land, buildings and equipment, net

    beginning of year $8,744 · end of year $6,500

  • 11 · Investments: publicly traded securities

    beginning of year $8,135,054 · end of year $8,760,815

  • 15 · Other assets

    beginning of year $48,328 · end of year $11,405

  • 17 · Accounts payable and accrued expenses

    beginning of year $459 · end of year $2,123

  • 19 · Deferred revenue

    beginning of year $32,550 · end of year $29,573

  • 25 · Other liabilities

    beginning of year $22,348 · end of year $6,081

  • 27 · Net assets without donor restrictions

    beginning of year $6,561,402 · end of year $7,058,136

  • 28 · Net assets with donor restrictions

    beginning of year $1,771,178 · end of year $1,905,925

Mission and programs · 2024

Mission

THE DOLPHIN SCHOLARSHIP FOUNDATION (DSF) BELIEVES THAT ENHANCEMENT OF BOTH HUMAN POTENTIAL AND QUALITY OF LIFE IS ACHIEVABLE THROUGH EDUCATION. MANY SONS, DAUGHTERS, AND SPOUSES OF U.S. NAVY SUBMARINERS FACE FINANCIAL OBSTACLES WHILE PURSUING UNDERGRADUATE AND VOCATIONAL EDUCATION. DSF IS COMMITTED TO MINIMIZING THOSE OBSTACLES BY ASSISTING THEM IN REACHING THEIR FULLEST POTENTIAL.

  • DOLPHIN SCHOLARSHIP FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS SET FORTH UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE FEDERAL LAW OF TAXATION (THE CODE) AND PRIMARILY FOR THE PURPOSE OF HOLDING, INVESTING, ADMINISTERING AND DISTRIBUTING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO CERTAIN OF THE DEPENDENTS OF OFFICERS AND ENLISTED PERSONNEL OF THE SUBMARINE FORCE OF THE UNITED STATES NAVY IN ORDER TO ENABLE AND ASSIST SUCH DEPENDENTS TO PURSUE A POST-SECONDARY EDUCATION. DOLPHIN SCHOLARSHIP FOUNDATION ALSO ADMINISTERS SCHOLARSHIPS TO PROVIDE FINANCIAL ASSISTANCE TO ENLISTED PERSONNEL, AND THE DEPENDENTS OF OFFICERS AND ENLISTED PERSONNEL WHO ARE SERVING OR HAVE SERVED ON SPECIFIC U.S. NAVY SUBMARINES TO ENABLE AND ASSIST THEM IN PURSUING A POST-SECONDARY EDUCATION.

    Expenses $683,077 · Grants $486,071

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steven W Maas

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Renea Gaucher

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Scott R Van Buskirk

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Keith B Fargo

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    0.5

  • Maryellen Baldwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Bolcar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Barry L Bruner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bruce E Grooms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Albert H Konetzni Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michele Lamphear

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Charles B Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen L Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Shauna E Tonkin PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Aeschbach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Andrew Clark

    EXECUTIVE DI

    Total calculated
    $100,596
    From this org
    $100,596
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
16 October 2025
IRS schema version
2024v5.0
Source object
202513159349302151

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