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Nonprofiteer
← GRUVER FARM SCHOLARSHIP FOUNDATION

Form 990 for tax year 2024

Filed by GRUVER FARM SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$708,539
Total expenses
$627,989
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$531,301
Investment income
$177,238
Other revenue
$0
Total assets, end of year
$1,991,258
Total liabilities, end of year
$126,985
Net assets or fund balances, end of year
$1,864,273
Program services expenses (Part IX)
$627,989
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$627,989

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.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONTRIBUTIONS

    total $531,301 · related or exempt $531,301

  • 3 · Investment income

    total $60,756 · related or exempt $60,756

  • 7a · Gross sales of assets other than inventory

    other assets $116,482

  • 7c · Gain or loss

    other assets $116,482

  • 7d · Net gain or loss

    total $116,482 · related or exempt $116,482

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $433,997 · program services $433,997

  • 24a · Other expenses: UTILITIES

    total $72,807 · program services $72,807

  • 24b · Other expenses: OPERATIONS EXPENSES

    total $41,106 · program services $41,106

  • 24c · Other expenses: LAND LEASE

    total $24,000 · program services $24,000

  • 24d · Other expenses: REPAIRS

    total $23,371 · program services $23,371

  • 24e · All other expenses

    total $32,708 · program services $32,708

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,864 · end of year $43,402

  • 11 · Investments: publicly traded securities

    beginning of year $1,951,932 · end of year $1,947,856

  • 19 · Deferred revenue

    beginning of year $220,073 · end of year $126,985

  • 27 · Net assets without donor restrictions

    beginning of year $1,783,723 · end of year $1,864,273

Mission and programs · 2024

Mission

THE MISSION OF GRUVER FARM SCHOLARSHIP FOUNDATION IS TO PROVIDE SCHOLARSHIPS TO STUDENTS OF GRUVER HIGH SCHOOL.

  • TO PROVIDE SCHOLARSHIPS TO STUDENTS OF GRUVER HIGH SCHOOL

    Expenses $617,364

  • TO PROVIDE SCHOLARSHIPS TO STUDENTS OF GRUVER HIGH SCHOOL

    Expenses $10,625

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chad Logsdon

    PRESIDENT

    Total calculated
    $0

  • Derik Grotegut

    VICE PRESIDE

    Total calculated
    $0

  • Mike Yanke

    SECRETARY/TR

    Total calculated
    $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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 March 2025
IRS schema version
2024v5.0
Source object
202620799349301487

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