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Nonprofiteer
← TSC ALLIANCE ENDOWMENT FUND INC

Form 990 for tax year 2024

Filed by TSC ALLIANCE ENDOWMENT FUND INC.

Totals

Total revenue
$709,763
Total expenses
$305,771
Contributions and grants received
$534,193
Grants paid
$239,000
Program service revenue
$0
Investment income
$175,570
Other revenue
$0
Total assets, end of year
$7,419,820
Total liabilities, end of year
$659,949
Net assets or fund balances, end of year
$6,759,871
Program services expenses (Part IX)
$239,000
Management and general expenses
$20,726
Fundraising expenses
$46,045
Program service expenses (Part III)
$239,000

Program services were 78.2% 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

    $3,974

  • 1f · All other contributions, gifts and grants

    $530,219

  • 1g · Noncash contributions included above

    $25,874

  • 3 · Investment income

    total $180,297 · excluded $180,297

  • 7a · Gross sales of assets other than inventory

    securities $778,934

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

    securities $783,661

  • 7c · Gain or loss

    securities -$4,727

  • 7d · Net gain or loss

    total -$4,727 · excluded -$4,727

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $239,000 · program services $239,000

  • 11b · Fees: legal

    total $6,840 · management and general $1,436 · fundraising $5,404

  • 11c · Fees: accounting

    total $7,925 · management and general $1,664 · fundraising $6,261

  • 11f · Fees: investment management

    total $18,155 · management and general $3,813 · fundraising $14,342

  • 11g · Fees: other

    total $2,149 · management and general $451 · fundraising $1,698

  • 13 · Office expenses

    total $23,097 · management and general $4,757 · fundraising $18,340

  • 14 · Information technology

    total $1,218 · management and general $1,218

  • 17 · Travel

    total $383 · management and general $383

  • 19 · Conferences, conventions and meetings

    total $400 · management and general $400

  • 23 · Insurance

    total $3,318 · management and general $3,318

  • 24a · Other expenses: CHARITABLE REGISTRATION

    total $3,286 · management and general $3,286

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,806 · end of year $553,769

  • 11 · Investments: publicly traded securities

    beginning of year $6,145,070 · end of year $6,866,051

  • 15 · Other assets

    beginning of year $694 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $350,986 · end of year $580,254

  • 25 · Other liabilities

    beginning of year $90,397 · end of year $79,695

  • 27 · Net assets without donor restrictions

    beginning of year $4,866,862 · end of year $5,736,962

  • 28 · Net assets with donor restrictions

    beginning of year $954,325 · end of year $1,022,909

Mission and programs · 2024

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

INVEST GIFTS TO GENERATE AN INCOME STREAM TO HELP FULFILL THE MISSION OF THE TSC ALLIANCE.

  • DIRECT GIFTS AND EXPENSES INCURRED IN GENERATING GIFTS TO SUPPORT THE MISSION OF THE TSC ALLIANCE.

    Expenses $239,000 · Grants $239,000

As filed on the 2024 return.

Listed in Part VII

  • Marion Adams

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Brittany Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Robert Groves III

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Rita Didomenico

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Dills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Johnston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Maginn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Schaengold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Megan Self

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Waxlax

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kari Luther Rosbeck

    PRESIDENT & CEO

    Total calculated
    $261,894
    From this org
    $2,321
    From related orgs
    $229,751
    Other
    $29,822
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $2,100 + $207,898 related
    Bonus
    $221 + $21,853 related
    Other
    $0
    Deferred
    $0 + $7,220 related
    Nontaxable benefits
    $0 + $22,602 related
    Filer's total
    $2,321 + $259,573 related

  • Cynthia Arcuri

    CHIEF FINANCIAL OFFICER

    Total calculated
    $201,902
    From this org
    $9,693
    From related orgs
    $184,176
    Other
    $8,033
    Hours/week
    3 + 45 related

    Schedule J breakdown matched by us

    Base
    $8,771 + $166,658 related
    Bonus
    $922 + $17,518 related
    Other
    $0
    Deferred
    $0 + $5,814 related
    Nontaxable benefits
    $0 + $2,219 related
    Filer's total
    $9,693 + $192,209 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE TSC ALLIANCE, A RELATED ENTITY, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE PRESIDENT & CEO: COMPENSATION COMMITTEE, COMPENSATION STUDY OR SURVEY, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 6
KARI LUTHER ROSBECK AND CYNTHIA ARCURI EACH HAVE INCENTIVE COMPENSATION EQUAL TO A PERCENTAGE OF THEIR SALARIES BASED ON KEY PERFORMANCE OBJECTIVES AS ESTABLISHED BY THE COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 April 2025
IRS schema version
2024v5.1
Source object
202521019349300507

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