Form 990 for tax year 2022

Totals

Total revenue

$283,076

Total expenses

$21,885

Contributions and grants received

$278,463

Grants paid

$4,000

Program service revenue

$1,250

Investment income

$3,363

Other revenue

$0

Total assets, end of year

$263,448

Total liabilities, end of year

$9,040

Net assets or fund balances, end of year

$254,408

Program services expenses (Part IX)

$13,812

Management and general expenses

$8,073

Fundraising expenses

$0

Program service expenses (Part III)

$13,812

Program services were 63.1% 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.

Mission and programs · 2022

• THE POST-SECONDARY EDUCATION SCHOLARSHIPS PROGRAM ALLOWS INDIVIDUALS, BUSINESSES, AND OTHER NON-PROFIT ENTITIES TO MAKE GRANTS AND CONTRIBUTIONS TO PROVIDE SCHOLARSHIPS FOR SENIORS GRADUATING FROM BLACKHAWK SCHOOL DISTRICT WHO ARE PURSUING POST-SECONDARY EDUCATION AT A TRADE OR TECHNICAL SCHOOL, TWO-YEAR COLLEGES, FOUR-YEAR COLLEGES OR UNIVERSITIES, OR OTHER APPROVED POST-SECONDARY PROGRAMS. INDIVIDUAL SCHOLARSHIP CRITERIA ARE ESTABLISHED BY DONORS WITH THE APPROVAL OF THE ORGANIZATION, IN WHICH IT RELIES ON INPUT FROM THE HIGH SCHOOL ADMINISTRATION IN SELECTING APPLICANTS. DURING THE 2022 FISCAL YEAR, THE FOUNDATION WAS AUTHORIZED BY DONORS TO AWARD FOUR (4) AWARDS THAT WERE AWARDED TO THREE (3) STUDENTS FOR A TOTAL OF $4,000.

  Expenses $10,939 · Grants $4,000 · Revenue $4,613

• FUNDS ALLOCATED TO EDUCATIONAL ENRICHMENT PROGRAM BY THE ORGANIZATION ARE USED TO SUPPORT TEACHERS AND STUDENTS THROUGHOUT THE BLACKHAWK SCHOOL DISTRICT. THIS PROGRAM WILL PROVIDE FUNDING FOR FIELD TRIPS, IN CLASSROOM PROGRAMMING, EDUCATIONAL SUPPLIES AND MATERIALS, AND OTHER ITEMS IN LINE WITH THE MISSION OF THE ORGANIZATION, SUBJECT TO THE REQUIRED APPROVALS OF THE SCHOOL ADMINISTRATION. THERE WAS NO REVENUE COLLECTED FOR THIS PROGRAM DURING THE 2022 FISCAL YEAR. EXPENSES OUTLINED ABOVE ARE RELATED TO CONSULTING SERVICE FEES TO ASSIST IN SETTING UP THE PROGRAM APPLICATION PROCESS TO LAUNCH IN THE 2023 FISCAL YEAR.

  Expenses $2,873

• THE ASSET IMPROVEMENT PROGRAM ALLOCATES FUNDS IN CONSULTATION WITH THE BLACKHAWK SCHOOL DISTRICT. ALL PURCHASES FUNDED BY THE ORGANIZATION WILL BECOME PROPERTY OF THE DISTRICT. THERE WAS NO ACTIVITY DURING THE 2022 FISCAL YEAR FOR THIS PROGRAM AS THE FOUNDATION AND THE SCHOOL DISTRICT HAVE CHOSEN AT THIS TIME TO FOCUS EFFORTS ON LAUNCHING THE SCHOLARSHIP AND EDUCATIONAL ENRICHMENT PROGRAMS.

As filed on the 2022 return.

Listed in Part VII

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

10 April 2023

IRS schema version

2022v5.0

Source object

202331009349300118

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

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