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Nonprofiteer
← WEST ORANGE SCHOLARSHIP FUND

Form 990 for tax year 2023

Filed by WEST ORANGE SCHOLARSHIP FUND.

Totals

Total revenue
$474,128
Total expenses
$232,389
Contributions and grants received
$428,641
Grants paid
$162,500
Program service revenue
$0
Investment income
$45,487
Other revenue
$0
Total assets, end of year
$1,916,674
Total liabilities, end of year
$1,300
Net assets or fund balances, end of year
$1,915,374
Program services expenses (Part IX)
$162,500
Management and general expenses
$1,438
Fundraising expenses
$68,451
Program service expenses (Part III)
$162,500

Program services were 69.9% 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

    $428,641

  • 3 · Investment income

    total $45,487 · unrelated business $0 · excluded $45,487

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $162,500 · program services $162,500

  • 11f · Fees: investment management

    total $1,234 · program services $0 · management and general $1,234 · fundraising $0

  • 24a · Other expenses: BANK CHARGES

    total $204 · program services $0 · management and general $204 · fundraising $0

  • 24b · Other expenses: GALA EXPENSES

    total $68,451 · program services $0 · management and general $0 · fundraising $68,451

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,590,743 · end of year $1,913,857

  • 15 · Other assets

    beginning of year $1,926 · end of year $2,817

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,000 · end of year $1,300

  • 27 · Net assets without donor restrictions

    beginning of year $1,591,669 · end of year $1,915,374

Mission and programs · 2023

Mission

TO PROVIDE SCHOLARSHIPS FOR HIGH SCHOOL SENIORS

  • TO PROVIDE SCHOLARSHIPS FOR HIGH SCHOOL SENIORS WHICH ARE GIVEN BASED UPON AN APPLICATION PROCESS, INCLUDING RESIDENCY REQUIREMENTS AND AN AWARDS COMMITTEE DETERMINING IF THE APPLICANT IS WORTHY BASED UPON CHARACTER, PERSONALITY ACADEMIC ACHEIVEMENT AND FINANCIAL NEED.

    Expenses $162,500 · Grants $162,500 · Revenue $428,641

As filed on the 2023 return.

Listed in Part VII

  • James Quinn

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Richard Rizzolo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Geri Krimmel

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Jeffrey Heller

    VP

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202413109349300441

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