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Nonprofiteer
← KODIAK SCHOLARSHIP FOUNDATION INC

Form 990 for tax year 2023

Filed by KODIAK SCHOLARSHIP FOUNDATION INC.

Totals

Total revenue
$187,425
Total expenses
$168,269
Contributions and grants received
$156,700
Grants paid
$0
Program service revenue
$0
Investment income
$30,725
Other revenue
$0
Total assets, end of year
$1,095,333
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,095,333
Program services expenses (Part IX)
$168,269
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$168,269

Program services were 100.0% 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

    $156,700

  • 3 · Investment income

    total $57,238 · unrelated business $57,238

  • 7a · Gross sales of assets other than inventory

    securities $9,152

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

    securities $35,665

  • 7c · Gain or loss

    securities -$26,513

  • 7d · Net gain or loss

    total -$26,513 · unrelated business -$26,513

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,100 · program services $1,100

  • 11f · Fees: investment management

    total $362 · program services $362

  • 12 · Advertising and promotion

    total $670 · program services $670

  • 13 · Office expenses

    total $325 · program services $325

  • 24a · Other expenses: SCHOLARSHIPS AWARDED

    total $165,812 · program services $165,812

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,082 · end of year $90,624

  • 2 · Savings and temporary cash investments

    beginning of year $3,358 · end of year $3,362

  • 4 · Accounts receivable

    beginning of year $10,850 · end of year $36,100

  • 11 · Investments: publicly traded securities

    beginning of year $1,124,901 · end of year $965,247

  • 27 · Net assets without donor restrictions

    beginning of year $1,216,191 · end of year $1,095,333

Mission and programs · 2023

Mission

ORGANIZE AND ASSIST KODIAK ISLAND BOROUGH STUDENTS TO PURSUE POST-SECONDARY EDUCATION IN THEIR CHOSEN FIELD OF STUDY, AND TO ASSIST INSTITUTIONS OF POST-SECONDARY EDUCATION OR TRAINING LOCATED WITHIN THE KODIAK ISLAND BOROUGH

  • THE KODIAK SCHOLARSHIP FOUNDATION HELPED OVER 30 DIFFERENT STUDENTS PAY FOR THEIR POST-SECONDARY EDUCATION BOTH IN AND OUT OF THE STATE OF ALASKA. THESE SCHOLARSHIPS WENT TO A VARIETY OF INSTITUTIONS FROM TRADITIONAL FOUR YEAR COLLEGES TO TECHNICAL INSTITUTIONS AND COMMUNITY COLLEGES.

    Expenses $168,269

As filed on the 2023 return.

Listed in Part VII

  • Robert Brodie

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Dan Roher

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Bud Cassidy

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Robin Cassidy

    TREASURER

    Total calculated
    $0
    Hours/week
    0

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
20 June 2024
IRS schema version
2023v5.1
Source object
202402199349301740

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