Form 990 for tax year 2023

Totals

Total revenue

$253,225

Total expenses

$69,545

Contributions and grants received

$253,225

Grants paid

$60,250

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$430,485

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$430,485

Program services expenses (Part IX)

$69,545

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$69,545

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.

Mission and programs · 2023

• This year, the Ole School Scholarship Fund awarded three (3) $1500.00 incoming Freshman scholarships and three (3) $1500.00 retention scholarships (upperclassmen) to African American students attending James Madison University.

  Expenses $9,060 · Grants $9,000

• Sentara Healthcare Program: The Ole School Scholarship Fund (the Fund) - in partnership with Sentara Healthcare, began providing financial assistance (scholarships, tuition, stipends, books, miscellaneous fees, supplies/equipment) to and in support of under-served healthcare service industry students (and students in supporting majors) participating in the Ole School Scholarship Recruitment Program at James Madison University. This year, the Fund provided: (1) student stipends, including $25,250 in support of Sentara Healthcare's Summer Camp, other student stipends ($3950.00), scholarships ($2,000.00), tuition assistance ($5,550.00), and miscellaneous fees, and books ($5,550.00).

  Expenses $46,470 · Grants $37,251

• Ole School Alumni Owusu-Ansah (JMU) Experiential Summer Scholarship (Ghana Summer Scholarship): Provided a $5,000 scholarship for [a] JMU student(s) for a summer trip to Ghana with other students (led by a JMU professor).

  Expenses $5,000 · Grants $5,000

• Other Financial Assistance to JMU students: Provided $3,500 as part of Ole School Scholarship Diversity, Equity, and Inclusion program in partnership with JMU and ERP Corporation (and its affiliates). Provided a $2,500 student scholarship in partnership with Ernst & Young. Provided a $3,000 student scholarship for Experiential Learning in partnership with Freddie Mac.

  Expenses $9,015 · Grants $9,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

2 March 2024

IRS schema version

2023v5.0

Source object

202421159349300127

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

The source document this was parsed from is served over the API, which is where bulk and document access live.