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Nonprofiteer
← SCHOLARSHIP FUND GRAND LODGE AF & AM OF VIRGINIA

Form 990 for tax year 2023

Filed by SCHOLARSHIP FUND GRAND LODGE AF & AM OF VIRGINIA.

Totals

Total revenue
$184,779
Total expenses
$83,240
Contributions and grants received
$11,639
Grants paid
$64,000
Program service revenue
$0
Investment income
$157,171
Other revenue
$15,969
Total assets, end of year
$2,342,784
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,342,784
Program services expenses (Part IX)
$64,964
Management and general expenses
$18,276
Fundraising expenses
$0
Program service expenses (Part III)
$64,964

Program services were 78.0% 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.

  • 1f · All other contributions, gifts and grants

    $11,639

  • 3 · Investment income

    total $30,724 · excluded $30,724

  • 7a · Gross sales of assets other than inventory

    securities $126,447

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

    securities $0

  • 7c · Gain or loss

    securities $126,447

  • 7d · Net gain or loss

    total $126,447 · excluded $126,447

  • 8a · Fundraising events: gross income

    $26,939

  • 8b · Fundraising events: direct expenses

    $10,970

  • 8c · Net income from fundraising events

    total $15,969 · excluded $15,969

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $64,000 · program services $64,000

  • 11c · Fees: accounting

    total $3,240 · management and general $3,240

  • 11f · Fees: investment management

    total $15,036 · management and general $15,036

  • 24a · Other expenses: SCHOLARSHIP COMMITTEE F

    total $964 · program services $964

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $20,741 · end of year $44,400

  • 11 · Investments: publicly traded securities

    beginning of year $2,229,522 · end of year $2,297,776

  • 15 · Other assets

    beginning of year $14,859 · end of year $608

  • 28 · Net assets with donor restrictions

    beginning of year $2,265,122 · end of year $2,342,784

Mission and programs · 2023

Mission

THE GRAND LODGE A F & A M OF VIRGINIA ORGANIZED THE SCHOLARSHIP FUND TO AWARD SCHOLARSHIPS TO NEEDY & QUALIFIED STUDENTS FOR TUITION TO INSTITUTIONS OF HIGHER LEARNING. THE SCHOLARSHIP FUND IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE GRAND LODGE.

Activities or mission (Part I)

TO AWARD SCHOLARSHIPS TO NEEDY & QUALIFIED STUDENTS FOR TUITION TO INSTITUTIONS OF HIGHER LEARNING

  • PROVIDED SCHOLARSHIPS TO 86 NEEDY & QUALIFIED STUDENTS FOR TUITION TO INSTITUTIONS OF HIGHER LEARNING.

    Expenses $64,964 · Grants $64,000

As filed on the 2023 return.

Listed in Part VII

  • Luke Anderson Giannini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Jack Spencer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Vernon Jones

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Lambros George Deligan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joseph Seth Spivey III

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Linwood Ray Spears

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413209349307901

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