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Nonprofiteer
← CHERRY HILLS PALMER SCHOLARSHIP FOUNDATION INC

Form 990 for tax year 2023

Filed by CHERRY HILLS PALMER SCHOLARSHIP FOUNDATION INC.

Totals

Total revenue
$65,276
Total expenses
$341,188
Contributions and grants received
$60,413
Grants paid
$335,828
Program service revenue
$0
Investment income
$4,863
Other revenue
$0
Total assets, end of year
$263,685
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$263,685
Program services expenses (Part IX)
$335,828
Management and general expenses
$5,360
Fundraising expenses
$0
Program service expenses (Part III)
$335,828

Program services were 98.4% 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

    $60,413

  • 1g · Noncash contributions included above

    $1,788

  • 3 · Investment income

    total $4,863 · excluded $4,863

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $335,828 · program services $335,828

  • 11g · Fees: other

    total $5,360 · management and general $5,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $215,369 · end of year $78,373

  • 2 · Savings and temporary cash investments

    beginning of year $327,328 · end of year $185,312

Mission and programs · 2023

Mission

TO AWARD SCHOLARSHIP ASSISTANCE TO DESERVING STUDENT-EMPLOYEES OF CHERRY HILLS COUNTRY CLUB AND ASSIST IN FURTHERING EDUCATIONAL PLANS OF THOSE STUDENTS.

Activities or mission (Part I)

SCHOLARSHIP ASSISTANCE TO STUDENTS & ASSIST IN FURTHERING EDUCATIONAL PLANS OF THOSE STUDENTS

  • TO AWARD SCHOLARSHIP ASSISTANCE TO ELIGIBLE STUDENTS.

    Expenses $335,828 · Grants $335,828

As filed on the 2023 return.

Listed in Part VII

  • Todd Gervasini

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David Packer

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Paul Wiesner

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Wayne Hutchens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Solich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cory Ross

    TRUSTEE

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.1
Source object
202432849349300428

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