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← GENOA AREA LOCAL SCHOOLS SCHOLARSHIP FOUNDATION INC

Form 990 for tax year 2024

Filed by GENOA AREA LOCAL SCHOOLS SCHOLARSHIP FOUNDATION INC.

Totals

Total revenue
$194,660
Total expenses
$64,110
Contributions and grants received
$99,168
Grants paid
$63,418
Program service revenue
$0
Investment income
$95,492
Other revenue
$0
Total assets, end of year
$1,886,830
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,886,830
Program services expenses (Part IX)
$64,110
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$64,110

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

    $99,168

  • 3 · Investment income

    total $95,492 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,418 · program services $63,418

  • 11b · Fees: legal

    total $200 · program services $200 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $91 · program services $91 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $401 · program services $401 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,756,280 · end of year $1,886,830

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,756,280 · end of year $1,886,830

Mission and programs · 2024

Mission

PROVIDE SCHOLARSHIPS FOR GENOA HIGH SCHOOL GRADUATES

  • FUNDRAISING THROUGH COMMUNITY COMMUNICATIONS AND BROCHURES ISSUED TO PROVIDE SCHOLARSHIPS FOR GENOA HIGH SCHOOL GRADUATES.

    Expenses $64,110 · Grants $62,918 · Revenue $194,660

As filed on the 2024 return.

Listed in Part VII

  • Diane Gerkensmeyer

    PRESIDENT EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Courtney Nissen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brian Huston

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Hoyles

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alan Brown

    FINANCIAL SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Morrison

    SCHOOL BOARD REP

    Total calculated
    $0
    Hours/week
    1

  • Bethany Foos

    RECORDING SECRETARY

    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
2024
Filed
3 May 2025
IRS schema version
2024v5.1
Source object
202501329349302655

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