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Nonprofiteer
← KIWANIS CLUB OF LAKEWOOD OHIO SCHOLARSHIP FOUNDATION INC

Form 990 for tax year 2023

Filed by KIWANIS CLUB OF LAKEWOOD OHIO SCHOLARSHIP FOUNDATION INC.

Totals

Total revenue
$255,184
Total expenses
$161,272
Contributions and grants received
$76,557
Grants paid
$145,000
Program service revenue
$0
Investment income
$67,159
Other revenue
$111,468
Total assets, end of year
$1,604,231
Total liabilities, end of year
$266,276
Net assets or fund balances, end of year
$1,337,955
Program services expenses (Part IX)
$161,272
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$161,272

Program services were 100.0% 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

    $76,557

  • 3 · Investment income

    total $67,159 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $7,837

  • 8b · Fundraising events: direct expenses

    $4,720

  • 8c · Net income from fundraising events

    total $3,117 · unrelated business $0 · excluded $3,117

  • 11d · All other revenue

    total $108,351 · related or exempt $108,351 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $108,351

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $145,000 · program services $145,000

  • 11f · Fees: investment management

    total $12,933 · program services $12,933 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $226 · program services $226 · management and general $0 · fundraising $0

  • 24a · Other expenses: Community Service

    total $2,361 · program services $2,361 · management and general $0 · fundraising $0

  • 24b · Other expenses: Student Recognition

    total $552 · program services $552 · management and general $0 · fundraising $0

  • 24c · Other expenses: State Filing Fee

    total $200 · program services $200 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,026 · end of year $145,559

  • 11 · Investments: publicly traded securities

    beginning of year $1,352,767 · end of year $1,458,672

  • 17 · Accounts payable and accrued expenses

    beginning of year $233,750 · end of year $266,276

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,244,043 · end of year $1,337,955

Mission and programs · 2023

Mission

Provide college scholarships to City of Lakewood residents and provide support for programs of the Kiwanis Club of Lakewood for the benefit of children and families.

  • Provide college scholarships to graduating Lakewood residents.

    Expenses $161,272 · Grants $145,000

As filed on the 2023 return.

Listed in Part VII

  • Mary Burton

    President

    Total calculated
    $0
    Hours/week
    1

  • Nancy Andrade

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Stanley Corwin

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Gary Taylor

    Past President

    Total calculated
    $0
    Hours/week
    1

  • Anna Bacho

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terry Gable

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Slife

    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

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
14 June 2026
IRS schema version
2023v6.0
Source object
202631699349301438

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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