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← CLARENCE SCHOCK SCHOLARSHIP & FELLOWSHIP CHARITABLE TRUST I

Form 990 for tax year 2022

Filed by CLARENCE SCHOCK SCHOLARSHIP & FELLOWSHIP CHARITABLE TRUST I.

Totals

Total revenue
$394,039
Total expenses
$327,810
Contributions and grants received
$0
Grants paid
$284,679
Program service revenue
$0
Investment income
$394,039
Other revenue
$0
Total assets, end of year
$6,716,722
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,716,722
Program services expenses (Part IX)
$284,679
Management and general expenses
$43,131
Fundraising expenses
$0
Program service expenses (Part III)
$284,679

Program services were 86.8% 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.

  • 3 · Investment income

    total $226,587 · excluded $226,587

  • 7a · Gross sales of assets other than inventory

    securities $1,843,274

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

    securities $1,675,822

  • 7c · Gain or loss

    securities $167,452

  • 7d · Net gain or loss

    total $167,452 · excluded $167,452

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $284,679 · program services $284,679

  • 5 · Compensation of officers, directors and key employees

    total $36,998 · management and general $36,998

  • 11f · Fees: investment management

    total $4,130 · management and general $4,130

  • 24e · All other expenses

    total $2,003 · management and general $2,003

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $207,982 · end of year $381,044

  • 11 · Investments: publicly traded securities

    beginning of year $6,441,260 · end of year $6,335,678

  • 29 · Capital stock, trust principal or current funds

    beginning of year $6,649,242 · end of year $6,716,722

Mission and programs · 2022

Mission

MAKING DISTRIBUTIONS TO ORGANIZATIONS FOR CHARITABLE PURPOSES AND PROVIDING SCHOLARSHIPS, IN THE NAME AND MEMORY OF CLARENCE SCHOCK, TO DESERVING STUDENTS AT MILLERSVILLE UNIVERSITY, SHIPPENSBURG UNIVERSITY, WEST CHESTER UNIVERSITY, AND KUTZTOWN UNIVERSITY.

  • PROVIDED FUNDING TO FOUR SUPPORTED ORGANIZATIONS (MILLERSVILLE UNIVERSITY, SHIPPENSBURG UNIVERSITY, WEST CHESTER UNIVERSITY, AND KUTZTOWN UNIVERSITY) FOR THE CREATION AND ONGOING ADMINISTRATION OF SCHOLARSHIP PROGRAMS IN THE NAME AND MEMORY OF CLARENCE SCHOCK, WHICH PROVIDE SCHOLARSHIPS THAT SATISFY A MINIMUM OF 20% OF THE RECIPIENTS TUITION FOR EIGHT SEMESTERS AND FELLOWSHIPS TO DESERVING STUDENTS AT THE NAMED UNIVERSITIES.

    Expenses $284,679 · Grants $284,679

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Fulton Bank Na

    TRUSTEE

    Total calculated
    $36,998
    From this org
    $36,998
    From related orgs
    $0
    Other
    $0

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

  • MILLERSVILLE UNIVERSITY

    $105,331

    SCHOLARSHIPS & FELLOWSHIPS

  • SHIPPENSBURG UNIVERSITY

    $76,863

    SCHOLARSHIPS & FELLOWSHIPS

  • WEST CHESTER UNIVERSITY

    $59,783

    SCHOLARSHIPS & FELLOWSHIPS

  • KUTZTOWN UNIVERSITY

    $42,702

    SCHOLARSHIPS & FELLOWSHIPS

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.

  • MILLERSVILLE UNIVERSITY

    501(c)(3) · EDUCATION · PA

    Directly controlled by NA

  • SHIPPENSBURG UNIVERSITY

    501(c)(3) · EDUCATION · PA

    Directly controlled by NA

  • WEST CHESTER UNIVERSITY

    501(c)(3) · EDUCATION · PA

    Directly controlled by NA

  • KUTZTOWN UNIVERSITY

    501(c)(3) · EDUCATION · PA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
10 September 2024
IRS schema version
2022v5.0
Source object
202432549349301528

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