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Nonprofiteer
← RICHARD T GOSSER SCHOLARSHIP PROGRAM

Form 990 for tax year 2023

Filed by RICHARD T GOSSER SCHOLARSHIP PROGRAM.

Totals

Total revenue
$244,804
Total expenses
$165,308
Contributions and grants received
$99,859
Grants paid
$132,000
Program service revenue
$0
Investment income
$111,557
Other revenue
$33,388
Total assets, end of year
$2,825,108
Total liabilities, end of year
$253,125
Net assets or fund balances, end of year
$2,571,983
Program services expenses (Part IX)
$132,000
Management and general expenses
$33,308
Fundraising expenses
$0
Program service expenses (Part III)
$132,000

Program services were 79.9% 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.

  • 1d · Related organizations

    $99,859

  • 3 · Investment income

    total $97,921 · excluded $97,921

  • 7a · Gross sales of assets other than inventory

    securities $229,813

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

    securities $216,177

  • 7c · Gain or loss

    securities $13,636

  • 7d · Net gain or loss

    total $13,636 · related or exempt $13,636

  • 8a · Fundraising events: gross income

    $60,754

  • 8b · Fundraising events: direct expenses

    $27,366

  • 8c · Net income from fundraising events

    total $33,388 · excluded $33,388

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $132,000 · program services $132,000

  • 11c · Fees: accounting

    total $4,600 · management and general $4,600

  • 11f · Fees: investment management

    total $23,413 · management and general $23,413

  • 19 · Conferences, conventions and meetings

    total $5,095 · management and general $5,095

  • 24a · Other expenses: Charitable Registration

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,999 · end of year $36,187

  • 11 · Investments: publicly traded securities

    beginning of year $2,490,353 · end of year $2,788,921

  • 18 · Grants payable

    beginning of year $244,775 · end of year $253,125

  • 27 · Net assets without donor restrictions

    beginning of year $2,248,577 · end of year $2,571,983

Mission and programs · 2023

Mission

Granting of college scholarships

Activities or mission (Part I)

Granting of college scholarships.

  • College scholarships awarded

    Expenses $132,000 · Grants $132,000

As filed on the 2023 return.

Listed in Part VII

  • Max Jeffrey

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Jack Sizemore

    Retired Director

    Total calculated
    $0
    Hours/week
    0.5

  • Ken Lortz

    President

    Total calculated
    $0
    Hours/week
    0.5

  • Lloyd Mahaffey

    Retired Director

    Total calculated
    $0
    Hours/week
    0.5

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
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202443039349301529

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