Form 990 for tax year 2022
Filed by GEORGE SNOW SCHOLARSHIP FUND INC.
Totals
- Total revenue
- $3,613,699
- Total expenses
- $3,644,353
- Contributions and grants received
- $3,813,692
- Grants paid
- $2,669,316
- Program service revenue
- $121,451
- Investment income
- -$205,078
- Other revenue
- -$116,366
- Total assets, end of year
- $8,968,886
- Total liabilities, end of year
- $3,726,979
- Net assets or fund balances, end of year
- $5,241,907
- Program services expenses (Part IX)
- $3,359,946
- Management and general expenses
- $181,077
- Fundraising expenses
- $103,330
- Program service expenses (Part III)
- $3,359,946
Program services were 92.2% 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.
-
1c · Fundraising events
$638,070
-
1f · All other contributions, gifts and grants
$3,175,622
-
1g · Noncash contributions included above
$108,750
-
2a · Program service revenue: ADMINISTRATIVE FEE REVENUE
total $121,451 · related or exempt $121,451
-
3 · Investment income
total $71,244 · excluded $71,244
-
7a · Gross sales of assets other than inventory
securities $4,943,062
-
7b · Less cost or other basis and sales expenses
securities $5,219,057 · other assets $327
-
7c · Gain or loss
securities -$275,995 · other assets -$327
-
7d · Net gain or loss
total -$276,322 · excluded -$276,322
-
8a · Fundraising events: gross income
$614,877
-
8a · Fundraising events: contributions included on line 1c
$638,070
-
8b · Fundraising events: direct expenses
$731,243
-
8c · Net income from fundraising events
total -$116,366 · excluded -$116,366
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,669,316 · program services $2,669,316
-
7 · Other salaries and wages
total $441,925 · program services $311,929 · management and general $58,274 · fundraising $71,722
-
9 · Other employee benefits
total $6,336 · program services $6,336
-
11c · Fees: accounting
total $27,750 · management and general $27,750
-
12 · Advertising and promotion
total $16,322 · program services $7,345 · fundraising $8,977
-
14 · Information technology
total $79,767 · program services $71,790 · management and general $7,977
-
16 · Occupancy
total $105,002 · program services $89,252 · management and general $15,750
-
19 · Conferences, conventions and meetings
total $8,031 · program services $8,031
-
20 · Interest
total $81 · program services $69 · management and general $12
-
22 · Depreciation, depletion and amortization
total $18,208 · program services $435 · management and general $17,773
-
23 · Insurance
total $17,260 · program services $3,797 · management and general $9,148 · fundraising $4,315
-
24a · Other expenses: PROGRAM SUPPLIES
total $168,564 · program services $168,564
-
24b · Other expenses: MISCELLANEOUS
total $48,734 · program services $2,125 · management and general $43,055 · fundraising $3,554
-
24c · Other expenses: AWARDS RECEPTION
total $19,658 · program services $19,658
-
24d · Other expenses: DEVELOPMENT
total $13,463 · fundraising $13,463
-
24e · All other expenses
total $3,936 · program services $1,299 · management and general $1,338 · fundraising $1,299
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $452,619 · end of year $3,836,243
-
2 · Savings and temporary cash investments
beginning of year $2,512,851 · end of year $4,455,877
-
3 · Pledges and grants receivable
beginning of year $589,181 · end of year $433,446
-
4 · Accounts receivable
end of year $22,357
-
9 · Prepaid expenses and deferred charges
beginning of year $17,582 · end of year $37,751
-
10a · Land, buildings and equipment: cost or other basis
$366,004
-
10b · Land, buildings and equipment: accumulated depreciation
$222,649
-
10c · Land, buildings and equipment, net
beginning of year $161,378 · end of year $143,355
-
11 · Investments: publicly traded securities
beginning of year $4,827,179
-
13 · Investments: program-related
beginning of year $25,000
-
15 · Other assets
end of year $39,857
-
17 · Accounts payable and accrued expenses
beginning of year $99,746 · end of year $97,577
-
18 · Grants payable
beginning of year $2,833,045 · end of year $1,576,493
-
19 · Deferred revenue
beginning of year $45,000 · end of year $38,700
-
25 · Other liabilities
beginning of year $0 · end of year $2,014,209
-
27 · Net assets without donor restrictions
beginning of year $233,374 · end of year -$432,460
-
28 · Net assets with donor restrictions
beginning of year $5,374,625 · end of year $5,674,367
Mission and programs · 2022
Mission
TO HELP HARD WORKING STUDENTS IN SOUTH FLORIDA TO GRADUATE FROM COLLEGE BY PROVIDING FINANCIAL AID AND WRAP AROUND SUPPORT SERVICES. OUR GOAL IS TO ENSURE THAT NO STUDENT IS DEPRIVED OF AN EDUCATION BECAUSE OF A SHORTAGE OF FUNDS OR LACK OF SUPPORT.
Activities or mission (Part I)
HELP INDIVIDUALS IN FINANCIAL NEED CONTINUE THEIR EDUCATION THROUGH SCHOLARSHIP PROGRAMS.
-
EDUCATIONAL GRANTS: IN ADDITION TO SCHOLARSHIP AWARDS, THE FUND PROVIDES ITS SCHOLARS WITH SUPPORT, GUIDANCE AND RESOURCES THROUGHOUT THE STUDENT'S COLLEGE EXPERIENCE. IN 2022, WE HAD OVER 1,280 APPLICATIONS FOR OUR SCHOLARSHIPS AND AWARDED MORE THAN $2.2 MILLION IN SCHOLARSHIPS AND SCHOLAR SUPPORT SERVICES TO 281 SCHOLARS. IN ADDITION TO OUR NEW AWARDEES, WE PROVIDED CONTINUED SUPPORT AND GUIDANCE TO OUR 644 SNOW SCHOLARS CURRENTLY WORKING ON THEIR DEGREES.
Expenses $3,359,946 · Grants $2,669,316 · Revenue $121,451
As filed on the 2022 return.
Listed in Part VII
-
JERRY J FEDELE
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
LISA KAUFMAN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
ROBIN M DEYO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN L HASKINS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ALBERT J TRAVASOS
PAST CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
FRANK A BARBIERI JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NANCY DOCKERTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DOUGLAS FASH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTINA M FUENTES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
INGRID A FULMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PETER F GARY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS A HEAD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID R HOFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ELIAS JANETIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MATTHEW MASCHLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FRAN NACHLAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DONNA L PARLAPIANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER S SNOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SAVANNAH G SNOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EDUARDO L SORDO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KYLE STEWART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TIMOTHY G SNOW
PRESIDENT
- Total calculated
- $213,700
- From this org
- $213,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $199,700
- Bonus
- $14,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $213,700
-
BONNIE SNOW
CONTROLLER
- Total calculated
- $103,572
- From this org
- $103,572
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
No itemized grants to organizations on this return.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
ASSET PROTECTION · FL · income $0 · assets $0
Directly controlled by GSSF
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312559349302211
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