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Nonprofiteer
← CHERRY HILLS PALMER SCHOLARSHIP FOUNDATION INC

Form 990 for tax year 2022

Filed by CHERRY HILLS PALMER SCHOLARSHIP FOUNDATION INC.

Totals

Total revenue
$336,521
Total expenses
$268,919
Contributions and grants received
$335,425
Grants paid
$267,780
Program service revenue
$0
Investment income
$1,096
Other revenue
$0
Total assets, end of year
$542,697
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$542,697
Program services expenses (Part IX)
$267,780
Management and general expenses
$1,139
Fundraising expenses
$0
Program service expenses (Part III)
$267,780

Program services were 99.6% 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.

  • 1c · Fundraising events

    $267,780

  • 1e · Government grants (contributions)

    $21,000

  • 1f · All other contributions, gifts and grants

    $46,645

  • 3 · Investment income

    total $1,096 · excluded $1,096

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $267,780

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $267,780 · program services $267,780

  • 11g · Fees: other

    total $1,139 · management and general $1,139

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $475,095 · end of year $215,369

  • 2 · Savings and temporary cash investments

    end of year $327,328

Mission and programs · 2022

Mission

TO AWARD SCHOLARSHIP ASSISTANCE TO DESERVING STUDENT-EMPLOYEES OF CHERRY HILLS COUNTRY CLUB AND ASSIST IN FURTHERING EDUCATIONAL PLANS OF THOSE STUDENTS.

Activities or mission (Part I)

SCHOLARSHIP ASSISTANCE TO STUDENTS & ASSIST IN FURTHERING EDUCATIONAL PLANS OF THOSE STUDENTS

  • TO AWARD SCHOLARSHIP ASSITANCE TO ELIGIBLE STUDENTS.

    Expenses $267,780 · Grants $267,780

As filed on the 2022 return.

Listed in Part VII

  • Todd Gervasini

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David Packer

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Paul Wiesner

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Wayne Hutchens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Solich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cory Ross

    TRUSTEE

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202323099349300717

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