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← THERESA A MIKE SCHOLARSHIP FUND

Form 990 for tax year 2024

Filed by THERESA A MIKE SCHOLARSHIP FUND.

Totals

Total revenue
$229,347
Total expenses
$285,136
Contributions and grants received
$198,424
Grants paid
$152,538
Program service revenue
$0
Investment income
$30,388
Other revenue
$535
Total assets, end of year
$1,031,955
Total liabilities, end of year
$11,091
Net assets or fund balances, end of year
$1,020,864
Program services expenses (Part IX)
$271,895
Management and general expenses
$13,241
Fundraising expenses
$0
Program service expenses (Part III)
$271,895

Program services were 95.4% 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

    $198,424

  • 3 · Investment income

    total $27,534 · excluded $27,534

  • 7a · Gross sales of assets other than inventory

    securities $16,581 · other assets $15,135

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

    securities $12,694 · other assets $16,168

  • 7c · Gain or loss

    securities $3,887 · other assets -$1,033

  • 7d · Net gain or loss

    total $2,854 · excluded $2,854

  • 11a · Other revenue: Other Income

    total $535 · related or exempt $535

  • 11e · Other revenue, total

    $535

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,000 · program services $40,000

  • 2 · Grants to domestic individuals

    total $112,538 · program services $112,538

  • 5 · Compensation of officers, directors and key employees

    total $62,468 · program services $62,468

  • 11f · Fees: investment management

    total $6,564 · management and general $6,564

  • 11g · Fees: other

    total $4,488 · program services $4,488

  • 13 · Office expenses

    total $6,677 · management and general $6,677

  • 16 · Occupancy

    total $776 · program services $776

  • 19 · Conferences, conventions and meetings

    total $20 · program services $20

  • 24a · Other expenses: Fashion Show

    total $51,605 · program services $51,605

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,337

  • 11 · Investments: publicly traded securities

    beginning of year $1,049,236 · end of year $1,031,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $25 · end of year $11,091

  • 27 · Net assets without donor restrictions

    beginning of year $1,051,548 · end of year $1,020,864

Mission and programs · 2024

Mission

The Theresa Andrea Mike Scholarship is organized for the purpose of recognizing the talent of young adults who are interested in furthering their education; who have a dedication to themselves and the betterment of the communities in which they live.

  • The Theresa A. Mike Scholarship Foundation (TAMSF) raises funds to be used to award scholarships. Our organization awards scholarships to full time students in need of financial resources to complete their educational dreams. Our scholarship recipients attend community colleges, Universities, and trade schools. The Theresa A. MikeScholarship Foundation has broadened its support to other like-minded organizations to support students at various levels in their education from AA degrees Certificate Programs of Trade Schools, and up to including graduate programs.

    Expenses $271,895 · Grants $152,538

As filed on the 2024 return.

Listed in Part VII

  • Dean Mike

    President

    Total calculated
    $0
    Hours/week
    5

  • Leanna Thomas

    Vice President

    Total calculated
    $0
    Hours/week
    5

  • Robert Paull

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Anna Martinez Fuentes

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Theresa Mike

    Member

    Total calculated
    $0
    Hours/week
    2

  • Makeyli Alvarez Marroquin

    Executive Director

    Total calculated
    $62,468
    From this org
    $62,468
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Leanna Mike

    Member

    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

Provenance

Return type
form_990
Tax year
2024
Filed
28 July 2025
IRS schema version
2024v5.2
Source object
202512099349300026

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