Skip to content
Nonprofiteer
← LAPEER COMMUNITY SCHOLARSHIP AND STUDENT LOAN FUND INCORPORATED

Form 990 for tax year 2022

Filed by LAPEER COMMUNITY SCHOLARSHIP AND STUDENT LOAN FUND INCORPORATED.

Totals

Total revenue
$22,776
Total expenses
$20,663
Contributions and grants received
$14,682
Grants paid
$13,500
Program service revenue
$2,164
Investment income
$4,830
Other revenue
$1,100
Total assets, end of year
$541,351
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$541,351
Program services expenses (Part IX)
$17,965
Management and general expenses
$2,698
Fundraising expenses
$0
Program service expenses (Part III)
$17,965

Program services were 86.9% 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

    $14,682

  • 2a · Program service revenue: INTEREST EARNED ON LOANS

    total $2,164 · related or exempt $2,164

  • 3 · Investment income

    total $5,413 · excluded $5,413

  • 7a · Gross sales of assets other than inventory

    securities $1,000

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

    securities $1,583

  • 7c · Gain or loss

    securities -$583

  • 7d · Net gain or loss

    total -$583 · related or exempt -$583

  • 11a · Other revenue: LOAN PROCESSING FEES

    total $1,100 · related or exempt $1,100

  • 11e · Other revenue, total

    $1,100

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $13,500 · program services $13,500

  • 11c · Fees: accounting

    total $355 · management and general $355

  • 11g · Fees: other

    total $2,000 · management and general $2,000

  • 13 · Office expenses

    total $1,106 · program services $1,106

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $2,889 · program services $2,889

  • 24b · Other expenses: INVESTMENT FEES

    total $470 · program services $470

  • 24c · Other expenses: ANNUAL MEETING COSTS

    total $323 · management and general $323

  • 24d · Other expenses: NON-PROFIT ANNUAL FEE

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,661 · end of year $1,260

  • 2 · Savings and temporary cash investments

    beginning of year $228,690 · end of year $231,680

  • 7 · Other notes and loans receivable

    beginning of year $131,359 · end of year $131,286

  • 9 · Prepaid expenses and deferred charges

    beginning of year $400 · end of year $328

  • 11 · Investments: publicly traded securities

    beginning of year $164,938 · end of year $176,797

  • 31 · Retained earnings, endowment or other funds

    beginning of year $527,048 · end of year $541,351

Mission and programs · 2022

Mission

TO ASSIST GRADUATES OF LAPEER COMMUNITY SCHOOLS IN THE FINANCING OF THEIR ADVANCED STUDIES. THIS ASSISTANCE IS GIVEN IN THE FORM OF SCHOLARSHIPS AND LOANS.

  • THIRTEEN HIGH SCHOOL GRADUATES RECEIVED SCHOLARSHIPS TO ATTEND THE COLLEGE OF THEIR CHOICE.

    Expenses $13,500 · Grants $13,500

  • LOANS ARE MADE TO LAPEER HIGH SCHOOL GRADUATES, TO LESSON THE BURDEN OF FURTHERING TEIR EDUCATION. THESE LOANS ARE REPAID WITH INTEREST AFTER THE STUDENTS GRADUATE, OR LEAVE SCHOOL.

    Revenue $2,164

  • VARIOUS ADMINISTRATIVE COSTS RELATED TO THE ORGANIZATION'S MISSION.

    Expenses $4,465

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

Listed in Part VII

  • Peter Batistoni

    TREASURER

    Total calculated
    $0

  • Adam Schlusler

    DIRECTOR

    Total calculated
    $0

  • Arthur R Sieting

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Wilmers

    EXEC SECRETA

    Total calculated
    $0
    Hours/week
    1

  • Jeff Stanton

    DIRECTOR

    Total calculated
    $0

  • Doug Lindsay

    DIRECTOR

    Total calculated
    $0

  • Robert Dennany

    VICE-PRESIDE

    Total calculated
    $0

  • Matt Wandrie

    DIRECTOR

    Total calculated
    $0

  • Sally Miller

    DIRECTOR

    Total calculated
    $0

  • Jennifer Taylor

    DIRECTOR

    Total calculated
    $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
2022
Filed
29 April 2023
IRS schema version
2022v5.0
Source object
202441299349304119

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.