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← OJ ANDERSON SCHOLARSHIP FOUNDATION

Form 990 for tax year 2024

Filed by OJ ANDERSON SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$137,743
Total expenses
$159,071
Contributions and grants received
$207,669
Grants paid
$118,700
Program service revenue
$0
Investment income
$0
Other revenue
-$69,926
Total assets, end of year
$74,902
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$74,902
Program services expenses (Part IX)
$139,178
Management and general expenses
$12,165
Fundraising expenses
$7,728
Program service expenses (Part III)
$139,178

Program services were 87.5% 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.

  • 1c · Fundraising events

    $207,669

  • 8a · Fundraising events: gross income

    $81,295

  • 8a · Fundraising events: contributions included on line 1c

    $207,669

  • 8b · Fundraising events: direct expenses

    $151,221

  • 8c · Net income from fundraising events

    total -$69,926 · excluded -$69,926

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $118,700 · program services $118,700

  • 5 · Compensation of officers, directors and key employees

    total $16,017 · program services $11,517 · management and general $2,000 · fundraising $2,500

  • 10 · Payroll taxes

    total $2,150 · program services $1,505 · management and general $323 · fundraising $322

  • 11g · Fees: other

    total $154 · program services $154

  • 12 · Advertising and promotion

    total $565 · fundraising $565

  • 13 · Office expenses

    total $496 · management and general $496

  • 17 · Travel

    total $17,362 · program services $5,729 · management and general $7,292 · fundraising $4,341

  • 19 · Conferences, conventions and meetings

    total $1,010 · management and general $1,010

  • 23 · Insurance

    total $236 · program services $236

  • 24a · Other expenses: DUES

    total $1,126 · program services $1,126

  • 24b · Other expenses: SUPPLIES

    total $1,007 · management and general $1,007

  • 24c · Other expenses: REGISTRATION FEES

    total $211 · program services $211

  • 24d · Other expenses: BANK FEES

    total $37 · management and general $37

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,230 · end of year $58,902

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,000 · end of year $16,000

  • 27 · Net assets without donor restrictions

    beginning of year $96,230 · end of year $74,902

Mission and programs · 2024

Mission

THE MISSION OF THE FOUNDATION IS TO PROMOTE HIGHER EDUCATION TO LOCAL STUDENTS BY PROVIDING SCHOLARSHIPS TO THOSE WHO MEET CERTAIN CRITERIA

Activities or mission (Part I)

FINANCIALLY ASSIST STUDENTS IN OBTAINING A COLLEGE EDUCATION

  • THE MISSION OF THE FOUNDATION IS TO PROMOTE HIGHER EDUCATION TO LOCAL STUDENTS BY PROVIDING SCHOLARSHIPS TO THOSE WHO MEET CERTAIN CRITERIA

    Expenses $139,178 · Grants $118,700

As filed on the 2024 return.

Listed in Part VII

  • LAVAUGHN STARKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • TACARIA JONES

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    5

  • CLOTHILDE HOLLIS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • OTTIS J ANDERSON

    PRESIDENT

    Total calculated
    $16,017
    From this org
    $16,017
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • MARC GOLDBERG

    TREASURER

    Total calculated
    $0
    Hours/week
    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

  • NEW JERSEY INSTITUTE OF TECHNOLOGY

    $8,500

    SCHOLARSHIP FBO

  • THE COLLEGE OF NEW JERSEY

    $8,500

    SCHOLARSHIP FBO

  • FLORIDA AGRICULTURAL & MECHANICAL UNIV

    $8,000

    SCHOLARSHIP FBO

  • THE ERIK MURDOCK FOUNDATION

    $7,500

    DONATION

  • ERIC B MUSIC FOUNDATION

    $7,500

    DONATION

  • RUTGERS UNIVERSITY

    $5,200

    SCHOLARSHIP FBO

  • SETON HALL

    $5,200

    SCHOLARSHIP FBO

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202543149349302139

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