Form 990 for tax year 2023

Totals

Total revenue

$546,950

Total expenses

$400,158

Contributions and grants received

$501,502

Grants paid

$359,875

Program service revenue

$0

Investment income

$43,448

Other revenue

$2,000

Total assets, end of year

$2,817,449

Total liabilities, end of year

$34,460

Net assets or fund balances, end of year

$2,782,989

Program services expenses (Part IX)

$359,875

Management and general expenses

$40,283

Fundraising expenses

$0

Program service expenses (Part III)

$359,875

Program services were 89.9% 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 · 2023

• SCHOLARSHIPS FROM SEMA MEMORIAL SCHOLARSHIP FUND WERE GRANTED TO WORTHY INDIVIDUALS AND PAYMENTS WERE MADE DIRECTLY TO THEIR RESPECTIVE SCHOOLS. FINANCIAL ASSISTANCE FROM SEMA CARES WERE PROVIDED TO SEVERAL DIFFERENT TYPES OF CHARITABLE ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  Expenses $359,875 · Grants $359,875

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

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. 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

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

• CHILDHELP

  $44,000

  PROGRAM SUPPORT

• VICTORY JUNCTION

  $44,000

  PROGRAM SUPPORT

• AUSTIN HATCHER FOUNDATION FOR PEDIATRIC CANCER

  $44,000

  PROGRAM SUPPORT

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.

• SPECIALTY EQUIPMENT MARKET ASSOCIATION &PERFORMANCE RACING INC

  501(C)(6) · TRADE ASSOCIATION · CA

• SPECIALTY EQUIPMENT WARRANTY ALLIANCE

  501(C)(6) · TRADE ASSOCIATION · CA

  Directly controlled by SEMA

• SEMA FEST INC

  501(C)(4) · SOCIAL WELFARE ORGANIZATION · IN

  Directly controlled by SEMA

• DRIVING FORCE FUND

  501(C)(4) · SOCIAL WELFARE ORGANIZATION · VA

  Directly controlled by SEMA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

13 February 2025

IRS schema version

2023v6.0

Source object

202540489349301219

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

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