Form 990 for tax year 2023
Filed by ACHIEVEMENT REWARDS FOR COLLEGE SCIENTISTS FOUNDATION INC.
Totals
- Total revenue
- $679,725
- Total expenses
- $503,536
- Contributions and grants received
- $444,248
- Grants paid
- $367,500
- Program service revenue
- $163,765
- Investment income
- $71,284
- Other revenue
- $428
- Total assets, end of year
- $1,992,227
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,992,227
- Program services expenses (Part IX)
- $451,779
- Management and general expenses
- $41,610
- Fundraising expenses
- $10,147
- Program service expenses (Part III)
- $451,779
Program services were 89.7% 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
$444,248
-
2a · Program service revenue: MEMBERSHIP DUES
total $99,000 · related or exempt $99,000
-
2b · Program service revenue: SPECIAL EVENTS
total $64,765 · related or exempt $64,765
-
3 · Investment income
total $50,770 · excluded $50,770
-
7a · Gross sales of assets other than inventory
securities $163,347
-
7b · Less cost or other basis and sales expenses
securities $142,833
-
7c · Gain or loss
securities $20,514
-
7d · Net gain or loss
total $20,514 · excluded $20,514
-
11a · Other revenue: MISC INCOME
total $428 · unrelated business $428
-
11e · Other revenue, total
$428
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $367,500 · program services $367,500
-
11c · Fees: accounting
total $10,572 · management and general $10,572
-
11f · Fees: investment management
total $10,359 · management and general $10,359
-
11g · Fees: other
total $4,550 · management and general $4,550
-
12 · Advertising and promotion
total $4,972 · program services $624 · fundraising $4,348
-
13 · Office expenses
total $4,251 · management and general $4,251
-
23 · Insurance
total $1,953 · management and general $1,953
-
24a · Other expenses: CHAPTER RETREAT
total $51,153 · program services $51,153
-
24b · Other expenses: FOOD AND BEVERAGE
total $19,444 · program services $13,645 · fundraising $5,799
-
24c · Other expenses: SCHOLAR AWARDS LUNCHEON
total $14,954 · program services $14,954
-
24d · Other expenses: DEVELOPMENT SUPPORT
total $9,925 · management and general $9,925
-
24e · All other expenses
total $3,903 · program services $3,903
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $505,238 · end of year $626,727
-
11 · Investments: publicly traded securities
beginning of year $1,262,579 · end of year $1,365,500
-
27 · Net assets without donor restrictions
beginning of year $1,767,817 · end of year $1,992,227
Mission and programs · 2023
Mission
ARCS FOUDATION ADVANCES SCIENCE AND TECHNOLOGY IN THE UNITED STATES BY PROVIDING FINANCIAL AWARDS TO ACADEMICALLY OUTSTANDING U.S. CITIZENS STUDYING TO COMPLETE DEGREES IN SCIENCE, ENGINEERING, AND MEDICAL RESEARCH.
-
PROVIDED 53 SCHOLAR AWARDS TO STUDENT SCIENTISTS: UNIVERSITY OF GEORGIA, GEORGIA TECH, EMORY UNIVERSITY, AND MOREHOUSE COLLEGE.
Expenses $367,500 · Grants $367,500
-
ANNUAL SCHOLAR AWARDS LUNCHEON TO RECOGNIZE AND HONOR THE SCHOLARS THAT ARE AWARDED CHAPTER SCHOLARSHIPS. THE LUNCHEON ALSO PROVIDES A FORUM FOR MEMBERS TO INTRODUCE PROSPECTIVE MEMBERS TO THE MISSON OF ARCS.
Expenses $14,954 · Revenue $64,765
-
OTHER - NATIONAL ASSOCIATION DUES, PROFESSIONAL SERVICES - FUNDRAISING AND INVESTMENT CONSULTANTS AND ACCOUNTING (EXPENSE)/LOCAL ATLANTA CHAPTER DUES (REVENUE)
Expenses $69,325 · Revenue $99,000
As filed on the 2023 return.
Listed in Part VII
-
Carolynn CooperCAROLYNN COOPER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
-
Sara Jean BurkeSARA JEAN BURKE
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Caroline MoiseCAROLINE MOISE
VP ADMINISTRATION
- Total calculated
- $0
- Hours/week
- 5
-
Frances SwensonFRANCES SWENSON
VP COMMUNICATIONS
- Total calculated
- $0
- Hours/week
- 5
-
Maureen LobbMAUREEN LOBB
VP EDUCATION
- Total calculated
- $0
- Hours/week
- 5
-
Angelle HamiltonANGELLE HAMILTON
VP FINANCE/TREASURER
- Total calculated
- $0
- Hours/week
- 15
-
Mary DodsonMARY DODSON
VP FUND DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 5
-
Liz Mori LauerLIZ MORI LAUER
VP MEMBERSHIP
- Total calculated
- $0
- Hours/week
- 5
-
Susan HawkinsSUSAN HAWKINS
CO-VP UNIVERSITY RELATIONS
- Total calculated
- $0
- Hours/week
- 5
-
Louise YeomanLOUISE YEOMAN
CO-VP UNIVERSITY RELATIONS
- Total calculated
- $0
- Hours/week
- 5
-
Sally HinkleSALLY HINKLE
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Lyn AsbilLYN ASBIL
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Margaret TurkMARGARET TURK
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Pace ParsonsPACE PARSONS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Deede StephensonDEEDE STEPHENSON
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Pat LeakePAT LEAKE
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Janis HenryJANIS HENRY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Liz TroyLIZ TROY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Laura GruberLAURA GRUBER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Susan HigleySUSAN HIGLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Missy McClatcheyMISSY MCCLATCHEY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tricia RosenbaumTRICIA ROSENBAUM
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mary WatsonMARY WATSON
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Betsy KazazianBETSY KAZAZIAN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Anne GierynANNE GIERYN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joann Chesler GrossJOANN CHESLER GROSS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kristen GibbsKRISTEN GIBBS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ann TaylorANN TAYLOR
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Laura PeaseLAURA PEASE
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mary Jo PeedMARY JO PEED
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Barbara BazzelBARBARA BAZZEL
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Leslie PetterLESLIE PETTER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
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
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511359349316996
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