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Nonprofiteer
← SAM E WOODS SCHOLARSHIP FUND

Form 990 for tax year 2022

Filed by SAM E WOODS SCHOLARSHIP FUND.

Totals

Total revenue
$186,533
Total expenses
$71,128
Contributions and grants received
$50,000
Grants paid
$56,383
Program service revenue
$0
Investment income
$136,533
Other revenue
$0
Total assets, end of year
$1,898,286
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,898,286
Program services expenses (Part IX)
$56,383
Management and general expenses
$14,745
Fundraising expenses
$0
Program service expenses (Part III)
$56,383

Program services were 79.3% 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

    $50,000

  • 3 · Investment income

    total $61,140 · excluded $61,140

  • 7a · Gross sales of assets other than inventory

    securities $428,844

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

    securities $353,451

  • 7c · Gain or loss

    securities $75,393

  • 7d · Net gain or loss

    total $75,393 · excluded $75,393

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,383 · program services $56,383

  • 5 · Compensation of officers, directors and key employees

    total $10,989 · management and general $10,989

  • 11c · Fees: accounting

    total $2,329 · management and general $2,329

  • 24a · Other expenses: FOREIGN TAX PAID

    total $1,427 · management and general $1,427

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $45,045 · end of year $21,514

  • 11 · Investments: publicly traded securities

    beginning of year $1,737,157 · end of year $1,875,925

  • 15 · Other assets

    beginning of year $679 · end of year $847

  • 29 · Capital stock, trust principal or current funds

    beginning of year $142,615 · end of year $142,615

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,640,266 · end of year $1,755,671

Mission and programs · 2022

Mission

TO PROVIDE FUNDS TO BE USED FOR SCHOLARSHIPS FOR STUDENTS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI.

Activities or mission (Part I)

ESTABLISH AND DISTRIBUTE SCHOLARSHIPS AT THE UNIVERSITY OF SOUTHERN MISSISSIPPI

  • PAYMENT OF SCHOLARSHIP FUNDS TO THE UNIVERSITY OF SOUTHERN MISSISSIPPI. AMOUNTS ARE ALLOCATED TO WORTHY STUDENTS DESIGNATED BY THE PRESIDENT OF THE UNIVERSITY.

    Expenses $56,383 · Grants $56,383

As filed on the 2022 return.

Listed in Part VII

  • Regions Bank

    TRUSTEE

    Total calculated
    $10,989
    From this org
    $10,989
    From related orgs
    $0
    Other
    $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

Provenance

Return type
form_990
Tax year
2022
Filed
29 July 2023
IRS schema version
2022v5.0
Source object
202312129349301561

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