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Nonprofiteer
← FLEISCHER SCHOLARS FOUNDATION

Form 990 for tax year 2023

Filed by FLEISCHER SCHOLARS FOUNDATION.

Totals

Total revenue
$1,329,886
Total expenses
$1,247,865
Contributions and grants received
$1,280,056
Grants paid
$807,810
Program service revenue
$0
Investment income
$49,789
Other revenue
$41
Total assets, end of year
$1,878,395
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,878,395
Program services expenses (Part IX)
$1,179,551
Management and general expenses
$47,220
Fundraising expenses
$21,094
Program service expenses (Part III)
$1,179,551

Program services were 94.5% 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

    $1,280,056

  • 3 · Investment income

    total $49,789 · excluded $49,789

  • 10a · Gross sales of inventory

    $41

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $41 · related or exempt $41

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $807,810 · program services $807,810

  • 7 · Other salaries and wages

    total $48,229 · program services $24,114 · management and general $24,115

  • 10 · Payroll taxes

    total $4,666 · program services $2,333 · management and general $2,333

  • 11b · Fees: legal

    total $7,612 · management and general $7,612

  • 11c · Fees: accounting

    total $13,160 · management and general $13,160

  • 11g · Fees: other

    total $300,967 · program services $279,873 · fundraising $21,094

  • 12 · Advertising and promotion

    total $24,710 · program services $24,710

  • 17 · Travel

    total $6,881 · program services $6,881

  • 24a · Other expenses: SUPPLIES AND OTHER

    total $33,830 · program services $33,830

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,621,374 · end of year $51,303

  • 2 · Savings and temporary cash investments

    end of year $1,702,092

  • 3 · Pledges and grants receivable

    beginning of year $325,000 · end of year $125,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,946,374 · end of year $1,753,395

  • 28 · Net assets with donor restrictions

    end of year $125,000

Mission and programs · 2023

Mission

THE FOUNDATION'S PRIMARY PURPOSE IS TO RAISE FUNDS FOR THE PROMOTION AND DEVELOPMENT OF THE SCHOLARS PROGRAM BY PARTNERING WITH COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES.

  • THE SCHOLARS PROGRAM WORKS WITH HIGH SCHOOL STUDENTS TO ENCOURAGE ENTREPRENEURIAL SPIRIT AND AN UNDERSTANDING OF THE CAPITALIST PHILOSOPHY OF THE ECONOMIC SYSTEM IN THE UNITED STATES BY PARTNERING WITH COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES. THE PURPOSE IS TO BRING ECONOMICALLY DISADVANTAGED YOUTHS INTO THE MAINSTREAM OF AMERICAN SOCIETY.

    Expenses $1,179,551 · Grants $807,810 · Revenue $41

As filed on the 2023 return.

Listed in Part VII

  • Morton Fleischer

    CEO/CHAIRMAN/TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Melissa Trujillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joshua Valdez-Elizetxe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Head

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Quentin Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Hillman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Belitz

    VICE PRESIDENT & SECRETARY

    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

Provenance

Return type
form_990
Tax year
2023
Filed
8 October 2024
IRS schema version
2023v5.1
Source object
202422869349300112

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