Form 990 for tax year 2022
Filed by ACHIEVEMENT REWARDS FOR COLLEGE SCIENTISTS FOUNDATION INC LOS ANGE.
Totals
- Total revenue
- $226,067
- Total expenses
- $617,477
- Contributions and grants received
- $135,092
- Grants paid
- $460,376
- Program service revenue
- $20,795
- Investment income
- $51,075
- Other revenue
- $19,105
- Total assets, end of year
- $6,556,831
- Total liabilities, end of year
- $961
- Net assets or fund balances, end of year
- $6,555,870
- Program services expenses (Part IX)
- $495,835
- Management and general expenses
- $121,642
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $495,835
Program services were 80.3% 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
$135,092
-
1g · Noncash contributions included above
$49,386
-
2a · Program service revenue: Member supported programs
total $14,895 · related or exempt $14,895
-
2b · Program service revenue: Membership Dues
total $5,900 · related or exempt $5,900
-
3 · Investment income
total $98,301 · excluded $98,301
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $590,396
-
7b · Less cost or other basis and sales expenses
securities $637,622
-
7c · Gain or loss
securities -$47,226
-
7d · Net gain or loss
total -$47,226 · related or exempt -$47,226
-
8a · Fundraising events: gross income
$35,370
-
8b · Fundraising events: direct expenses
$16,265
-
8c · Net income from fundraising events
total $19,105 · excluded $19,105
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $460,376 · program services $460,376
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $44,160 · management and general $44,160
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $2,825 · management and general $2,825
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $13,244 · management and general $13,244
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $48,607 · management and general $48,607
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $3,815 · management and general $3,815
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,000 · management and general $3,000
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,254 · management and general $3,254
-
24a · Other expenses: Program service expense
total $35,044 · program services $35,044
-
24b · Other expenses: Telephone
total $2,115 · management and general $2,115
-
24c · Other expenses: Merchant services fees
total $552 · management and general $552
-
24d · Other expenses: Printing and postage
total $485 · program services $415 · management and general $70
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $394,278 · end of year $244,456
-
2 · Savings and temporary cash investments
beginning of year $1,381,138 · end of year $2,771,399
-
3 · Pledges and grants receivable
beginning of year $250 · end of year $1,300
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,650,804 · end of year $3,539,676
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
25 · Other liabilities
end of year $961
-
27 · Net assets without donor restrictions
beginning of year $6,234,049 · end of year $6,335,870
-
28 · Net assets with donor restrictions
beginning of year $192,421 · end of year $220,000
Mission and programs · 2022
Mission
The organization is dedicated to providing funds to colleges and universities for scholarships to outstanding students in need of financial assistance in the fields of science, technology, engineering and medicine. The funds are allocated annually to accredited educational institutions located in the southern California area. The scholarship programs are administered by each institution, and the selections of students are made by the institutions without regard to race, gender or religion. The recipient student must be a U.S. Citizen with an outstanding academic record and proven ability.
Activities or mission (Part I)
The primary purpose of the organization is to provide financial awards to outstanding U.S. graduate and undergraduate scholars in science, technology, engineering and medical research by raising funds for scholarships, fellowships and grants to universities and colleges.
-
During the current fiscal year, the organization provided scholarship funds to six distinquished colleges and universities in the Southern California area
Expenses $495,835 · Grants $460,376 · Revenue $135,092
As filed on the 2022 return.
Listed in Part VII
-
Diane Deshong
President
- Total calculated
- $0
- Hours/week
- 35
-
Keitha Russell
Vice President
- Total calculated
- $0
- Hours/week
- 25
-
Kathie Giordano
VP Finance
- Total calculated
- $0
- Hours/week
- 15
-
Donna Tohidi Anderson
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Priscilla McClure
VP Development
- Total calculated
- $0
- Hours/week
- 5
-
Connie Drath-Dwyer
VP Development
- Total calculated
- $0
- Hours/week
- 5
-
Peggy Vogt
VP Membership
- Total calculated
- $0
- Hours/week
- 2
-
Lynne Brickner
VP Univ Relatio
- Total calculated
- $0
- Hours/week
- 1
-
Monica Panno
Recording Secre
- Total calculated
- $0
- Hours/week
- 1
-
Judith Butler
Corresp Secreta
- Total calculated
- $0
- Hours/week
- 1
-
Betty Hollingsworth
Hospitality
- Total calculated
- $0
- Hours/week
- 1
-
Mary Hiestand
Scholar Luncheo
- Total calculated
- $0
- Hours/week
- 2
-
Holly Hicks
Spring Fundrais
- Total calculated
- $0
- Hours/week
- 2
-
Anne Bailey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl Mae Craft
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carol Towne
Director
- Total calculated
- $0
- Hours/week
- 1
-
Virginia S Young
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rosemary Booth
Honorary Dircto
- Total calculated
- $0
- Hours/week
- 1
-
Linda Bowling
Honorary Direct
- Total calculated
- $0
- Hours/week
- 1
-
Mary Y Davis
Honorary Direct
- Total calculated
- $0
- Hours/week
- 1
-
Gay Goerz
Honorary Dir
- 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
-
$100,000
Funds for scholarships/financial aid to outstansing students
-
California Institute of Technolo
$90,376
Funds for scholarships/financial aid to outstansing students
-
$80,000
Funds for scholarships/financial aid to outstansing students
-
USC Viterbi School of Engineerin
$80,000
Funds for scholarships/financial aid to outstansing students
-
$60,000
Funds for scholarships/financial aid to outstansing students
-
$50,000
Funds for scholarships/financial aid to outstansing students
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349312714
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