Form 990 for tax year 2022
Filed by DOLPHIN SCHOLARSHIP FOUNDATION.
Totals
- Total revenue
- $855,430
- Total expenses
- $635,644
- Contributions and grants received
- $686,471
- Grants paid
- $403,159
- Program service revenue
- $0
- Investment income
- $108,335
- Other revenue
- $60,624
- Total assets, end of year
- $7,643,427
- Total liabilities, end of year
- $62,294
- Net assets or fund balances, end of year
- $7,581,133
- Program services expenses (Part IX)
- $565,325
- Management and general expenses
- $52,522
- Fundraising expenses
- $17,797
- Program service expenses (Part III)
- $565,325
Program services were 88.9% 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.
-
1f · All other contributions, gifts and grants
$686,471
-
3 · Investment income
total $172,380 · excluded $172,380
-
7a · Gross sales of assets other than inventory
securities $3,019,956
-
7b · Less cost or other basis and sales expenses
securities $3,084,001
-
7c · Gain or loss
securities -$64,045
-
7d · Net gain or loss
total -$64,045 · related or exempt -$64,045
-
8a · Fundraising events: gross income
$74,079
-
8b · Fundraising events: direct expenses
$17,511
-
8c · Net income from fundraising events
total $56,568 · excluded $56,568
-
10a · Gross sales of inventory
$9,310
-
10b · Cost of goods sold
$5,254
-
10c · Net income from sales of inventory
total $4,056 · related or exempt $4,056
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $403,159 · program services $403,159
-
5 · Compensation of officers, directors and key employees
total $88,214 · program services $70,571 · management and general $13,232 · fundraising $4,411
-
7 · Other salaries and wages
total $52,919 · program services $42,335 · management and general $7,938 · fundraising $2,646
-
10 · Payroll taxes
total $10,728 · program services $8,583 · management and general $1,609 · fundraising $536
-
11b · Fees: legal
total $1,000 · program services $700 · management and general $150 · fundraising $150
-
11c · Fees: accounting
total $4,694 · program services $3,286 · management and general $704 · fundraising $704
-
11f · Fees: investment management
total $17,596 · management and general $17,596
-
12 · Advertising and promotion
total $428 · program services $428
-
13 · Office expenses
total $5,403 · program services $2,368 · management and general $561 · fundraising $2,474
-
14 · Information technology
total $11,810 · program services $8,266 · management and general $1,772 · fundraising $1,772
-
16 · Occupancy
total $19,753 · program services $15,802 · management and general $2,963 · fundraising $988
-
17 · Travel
total $640 · program services $640
-
19 · Conferences, conventions and meetings
total $1,525 · program services $1,067 · management and general $229 · fundraising $229
-
22 · Depreciation, depletion and amortization
total $1,506 · program services $1,054 · management and general $226 · fundraising $226
-
23 · Insurance
total $3,142 · program services $2,200 · management and general $471 · fundraising $471
-
24a · Other expenses: EQUIPMENT RENTAL & MAINT
total $4,718 · management and general $4,435 · fundraising $283
-
24b · Other expenses: TELEPHONE
total $3,785 · program services $2,649 · management and general $568 · fundraising $568
-
24c · Other expenses: BANK CHARGES
total $2,271 · fundraising $2,271
-
24d · Other expenses: REGISTRATION
total $1,449 · program services $1,449
-
24e · All other expenses
total $904 · program services $768 · management and general $68 · fundraising $68
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $620 · end of year $53
-
2 · Savings and temporary cash investments
beginning of year $221,885 · end of year $182,318
-
3 · Pledges and grants receivable
end of year $69,946
-
4 · Accounts receivable
beginning of year $3,500 · end of year $4,000
-
8 · Inventories for sale or use
beginning of year $2,659
-
9 · Prepaid expenses and deferred charges
beginning of year $1,236 · end of year $1,236
-
10a · Land, buildings and equipment: cost or other basis
$34,203
-
10b · Land, buildings and equipment: accumulated depreciation
$23,216
-
10c · Land, buildings and equipment, net
beginning of year $8,426 · end of year $10,987
-
11 · Investments: publicly traded securities
beginning of year $6,487,739 · end of year $7,278,212
-
15 · Other assets
beginning of year $8,934 · end of year $96,675
-
17 · Accounts payable and accrued expenses
beginning of year $1,188 · end of year $4,398
-
19 · Deferred revenue
beginning of year $23,794 · end of year $20,891
-
25 · Other liabilities
beginning of year $2,646 · end of year $37,005
-
27 · Net assets without donor restrictions
beginning of year $5,545,987 · end of year $6,105,429
-
28 · Net assets with donor restrictions
beginning of year $1,161,384 · end of year $1,475,704
Mission and programs · 2022
Mission
THE DOLPHIN SCHOLARSHIP FOUNDATION (DSF) BELIEVES THAT ENHANCEMENT OF BOTH HUMAN POTENTIAL AND QUALITY OF LIFE IS ACHIEVABLE THROUGH EDUCATION. MANY SONS, DAUGHTERS, AND SPOUSES OF U.S. NAVY SUBMARINERS FACE FINANCIAL OBSTACLES WHILE PURSUING UNDERGRADUATE AND VOCATIONAL EDUCATION. DSF IS COMMITTED TO MINIMIZING THOSE OBSTACLES BY ASSISTING THEM IN REACHING THEIR FULLEST POTENTIAL.
-
DOLPHIN SCHOLARSHIP FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES AS SET FORTH UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE FEDERAL LAW OF TAXATION (THE CODE) AND PRIMARILY FOR THE PURPOSE OF HOLDING, INVESTING, ADMINISTERING AND DISTRIBUTING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO CERTAIN OF THE DEPENDENTS OF OFFICERS AND ENLISTED PERSONNEL OF THE SUBMARINE FORCE OF THE UNITED STATES NAVY IN ORDER TO ENABLE AND ASSIST SUCH DEPENDENTS TO PURSUE A POST-SECONDARY EDUCATION. DOLPHIN SCHOLARSHIP FOUNDATION ALSO ADMINISTERS SCHOLARSHIPS TO PROVIDE FINANCIAL ASSISTANCE TO ENLISTED PERSONNEL, AND THE DEPENDENTS OF OFFICERS AND ENLISTED PERSONNEL WHO ARE SERVING OR HAVE SERVED ON SPECIFIC U.S. NAVY SUBMARINES TO ENABLE AND ASSIST THEM IN PURSUING A POST-SECONDARY EDUCATION.
Expenses $565,325 · Grants $403,159
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
STEVEN W MAAS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
COLLEEN HOUSTON
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT R VAN BUSKIRK
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
KEITH B FARGO
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARYELLEN BALDWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID BOLCAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BARRY L BRUNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRUCE E GROOMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES HAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ALBERT H KONETZNI JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHELE LAMPHEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TIMOTHY W OLIVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHARLIE YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ANDREW CLARK
EXECUTIVE DI
- Total calculated
- $88,214
- From this org
- $88,214
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 2022
- Filed
- 12 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349305388
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