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← MARIE A MANSBACH MEMORIAL STUDENT MOTIVATION PROGRAM

Form 990 for tax year 2022

Filed by MARIE A MANSBACH MEMORIAL STUDENT MOTIVATION PROGRAM.

Totals

Total revenue
$126,464
Total expenses
$151,539
Contributions and grants received
$0
Grants paid
$40,937
Program service revenue
$0
Investment income
$126,464
Other revenue
$0
Total assets, end of year
$4,541,055
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,541,055
Program services expenses (Part IX)
$80,834
Management and general expenses
$70,705
Fundraising expenses
$0
Program service expenses (Part III)
$80,834

Program services were 53.3% 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 $35,256 · excluded $35,256

  • 7a · Gross sales of assets other than inventory

    securities $91,208

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

    securities $0

  • 7c · Gain or loss

    securities $91,208

  • 7d · Net gain or loss

    total $91,208 · excluded $91,208

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $40,937 · program services $40,937

  • 11a · Fees: management

    total $30,668 · management and general $30,668

  • 11c · Fees: accounting

    total $1,600 · management and general $1,600

  • 11f · Fees: investment management

    total $33,697 · management and general $33,697

  • 11g · Fees: other

    total $38,520 · program services $38,520

  • 13 · Office expenses

    total $1,485 · program services $1,377 · management and general $108

  • 23 · Insurance

    total $4,607 · management and general $4,607

  • 24a · Other expenses: TAXES AND LICENSES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $441,570 · end of year $339,943

  • 12 · Investments: other securities

    beginning of year $3,831,905 · end of year $4,201,112

  • 28 · Net assets with donor restrictions

    beginning of year $4,273,475 · end of year $4,541,055

Mission and programs · 2022

Mission

THE MARIE A. MANSBACH MEMORIAL STUDENT MOTIVATIONAL EDUCATIONAL PROGRAM IS DEDICATED TO THE PRINCIPLES OF SCHOLARSHIP, CITIZENSHIP AND RESPONSIBILITY. MANSBACH SCHOLARS ARE ETHNICALLY DIVERSE STUDENTS, CHOSEN FROM THOSE IN THE NORFOLK PUBLIC SCHOOL SYSTEM, WHO SHOW GREAT PROMISE BUT ARE NOT YET STARS. THROUGH MENTORING IN MATHEMATICS, WRITING, QUIET READING, CRITICAL THINKING, REASONING AND COMPREHENSION, THE MANSBACH SCHOLARS RECEIVE A STRONG ACADEMIC FOUNDATION WHICH PREPARES THEM FOR FURTHER EDUCATION. THE FOUNDATION OFFERS COLLEGE SCHOLARSHIPS TO ITS SCHOLARS WHO HAVE SUCCESSFULLY COMPLETED THE MULTI-YEAR PROGRAM AND WHO HAVE BEEN ACCEPTED TO COLLEGE.

  • GRANTS AND COMMUNITY EDUCATION PROGRAMS ON BEHALF OF THE MARIE A. MANSBACH MEMORIAL STUDENT MOTIVATION PROGRAM ORGANIZATION.

    Expenses $80,834 · Grants $40,937

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

Listed in Part VII

  • Mrs Naomi Sedek

    SECRETARY

    Total calculated
    $185,607
    From this org
    $0
    From related orgs
    $180,450
    Other
    $5,157
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,620 related
    Bonus
    $0
    Other
    $0 + $10,830 related
    Deferred
    $0 + $5,157 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $185,607 related

  • Mr B Thomas Mansbach

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mrs Sally Herman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mrs May Lynn Mansbach

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jody Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Goodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Busbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
17 February 2024
IRS schema version
2022v5.0
Source object
202420579349300957

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