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← SCHOOL FUND

Form 990 for tax year 2022

Filed by SCHOOL FUND.

Totals

Total revenue
$189,168
Total expenses
$203,480
Contributions and grants received
$189,069
Grants paid
$122,235
Program service revenue
$0
Investment income
$99
Other revenue
$0
Total assets, end of year
$232,066
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$232,066
Program services expenses (Part IX)
$152,579
Management and general expenses
$31,561
Fundraising expenses
$19,340
Program service expenses (Part III)
$152,579

Program services were 75.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $189,069

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $99 · related or exempt $0 · unrelated business $0 · excluded $99

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,820 · program services $43,820

  • 3 · Grants to foreign organizations and individuals

    total $78,415 · program services $78,415

  • 5 · Compensation of officers, directors and key employees

    total $52,000 · program services $27,000 · management and general $6,000 · fundraising $19,000

  • 10 · Payroll taxes

    total $3,978 · management and general $3,978

  • 11c · Fees: accounting

    total $19,261 · management and general $19,261

  • 13 · Office expenses

    total $3,757 · program services $2,835 · management and general $922

  • 14 · Information technology

    total $1,894 · program services $509 · management and general $1,045 · fundraising $340

  • 23 · Insurance

    total $355 · management and general $355

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $244,578 · end of year $229,566

  • 3 · Pledges and grants receivable

    beginning of year $1,800 · end of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $43,366 · end of year $4,675

  • 28 · Net assets with donor restrictions

    beginning of year $203,012 · end of year $227,391

Mission and programs · 2022

Mission

Through the generous contributions of supporters and in collaboration with a network of education partners, The School Fund provides scholarships to high potential, economically disadvantaged students in developing countries. As a result of our work, more students are able to access and complete secondary school, leading to a more educated and interconnected world.

Activities or mission (Part I)

The School Fund provides scholarships to high potential students in the developing world who cannot afford to attend school. Through the generous contributions of supporters and in collaboration with a network of education partners, The School Fund provides scholarships to high potential, economically disadvantaged students in developing countries. As a result of our work, more students are able to access and complete secondary school, leading to a more educated and interconnected world.

  • In 2022, The School Fund (TSF) made grants of scholarships and educational expenses for 264 needy secondary school students in seven developing countries across three continents. TSF worked with twelve NGO partners to identify eligible students and create a personalized profile and a detailed list of educational related expenses for each student. Funds raised via TSF to fund scholarships and school expenses are administered and delivered to the students' schools by the NGO partners. TSF continues to develop and operate its person-to-person funding website (www.theschoolfund.org) where students' profiles and funding needs are featured. The online platform allows donors to view student profiles, enables students to communicate with donors via online journals, and supports a transparent payment process in which receipts from the student's school or the NGO partner are viewable on the website.

    Expenses $152,579 · Grants $122,235

As filed on the 2022 return.

Listed in Part VII

  • Timothy McKenna

    Executive Director

    Total calculated
    $104,000
    From this org
    $52,000
    From related orgs
    $0
    Other
    $52,000
    Hours/week
    40

  • Dan Barritt

    Director

    Total calculated
    $0
    Hours/week
    5

  • Mohamed O Mohamed

    Director

    Total calculated
    $0
    Hours/week
    1

  • Francesca Nicoletti

    Director

    Total calculated
    $0
    Hours/week
    1

  • Abena Nyantekyi-Owusu

    Director

    Total calculated
    $0
    Hours/week
    1

  • Denis Severson

    Director

    Total calculated
    $0
    Hours/week
    15

  • Maria Xenidou

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kurt Davis

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Andrew Perrault

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Matt Severson

    Chair

    Total calculated
    $0
    Hours/week
    15

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

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2023
IRS schema version
2022v5.0
Source object
202341449349301404

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