Form 990 for tax year 2022
Filed by CINCINNATI SCHOLARSHIP FOUNDATION.
Totals
- Total revenue
- $1,829,317
- Total expenses
- $2,138,422
- Contributions and grants received
- $1,816,062
- Grants paid
- $1,610,685
- Program service revenue
- $0
- Investment income
- $12,457
- Other revenue
- $798
- Total assets, end of year
- $5,473,124
- Total liabilities, end of year
- $59,996
- Net assets or fund balances, end of year
- $5,413,128
- Program services expenses (Part IX)
- $1,633,349
- Management and general expenses
- $497,188
- Fundraising expenses
- $7,885
- Program service expenses (Part III)
- $1,633,349
Program services were 76.4% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$29,678
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$1,786,384
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $100,383 · related or exempt $0 · unrelated business $0 · excluded $100,383
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $1,295,371 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $1,383,297 · other assets $0
-
7c · Gain or loss
securities -$87,926 · other assets $0
-
7d · Net gain or loss
total -$87,926 · related or exempt -$87,926 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$29,678
-
11d · All other revenue
total $798 · related or exempt $798 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$798
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,610,685 · program services $1,610,685
-
5 · Compensation of officers, directors and key employees
total $168,852 · management and general $168,852
-
7 · Other salaries and wages
total $72,329 · management and general $72,329
-
8 · Pension plan contributions
total $186 · management and general $186
-
9 · Other employee benefits
total $43,091 · management and general $43,091
-
10 · Payroll taxes
total $21,729 · management and general $21,729
-
11b · Fees: legal
total $16,095 · program services $200 · management and general $15,895
-
11c · Fees: accounting
total $55,005 · management and general $55,005
-
11g · Fees: other
total $17,117 · management and general $12,110 · fundraising $5,007
-
12 · Advertising and promotion
total $10,446 · management and general $10,446
-
13 · Office expenses
total $40,222 · program services $2,245 · management and general $36,256 · fundraising $1,721
-
14 · Information technology
total $27,185 · program services $790 · management and general $26,395
-
16 · Occupancy
total $21,655 · management and general $21,655
-
17 · Travel
total $9,801 · program services $1,001 · management and general $8,728 · fundraising $72
-
19 · Conferences, conventions and meetings
total $329 · program services $235 · management and general $69 · fundraising $25
-
20 · Interest
total $64 · management and general $64
-
22 · Depreciation, depletion and amortization
total $1,396 · management and general $1,396
-
23 · Insurance
total $2,589 · management and general $2,589
-
24a · Other expenses: SCHOLARSHIP ADMINISTRATION FEES
total $18,193 · program services $18,193 · management and general $0 · fundraising $0
-
24b · Other expenses: FUNDRAISING & RELATIONSHIP BUILDING
total $1,453 · program services $0 · management and general $393 · fundraising $1,060
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $508,643
-
2 · Savings and temporary cash investments
beginning of year $155,471
-
4 · Accounts receivable
beginning of year $122,147
-
9 · Prepaid expenses and deferred charges
beginning of year $864 · end of year $6,500
-
10a · Land, buildings and equipment: cost or other basis
$21,987
-
10b · Land, buildings and equipment: accumulated depreciation
$1,396
-
10c · Land, buildings and equipment, net
end of year $20,591
-
11 · Investments: publicly traded securities
end of year $4,899,923
-
12 · Investments: other securities
beginning of year $5,048,372
-
15 · Other assets
end of year $37,467
-
17 · Accounts payable and accrued expenses
beginning of year $12,257 · end of year $1,938
-
25 · Other liabilities
end of year $58,058
-
27 · Net assets without donor restrictions
beginning of year $676,706 · end of year $538,188
-
28 · Net assets with donor restrictions
beginning of year $4,637,891 · end of year $4,874,940
Mission and programs · 2022
Mission
THE MISSION OF THE ORGANIZATION IS TO CONNECT STUDENTS RESIDING IN GREATER CINCINNATI WITH POST-HIGH SCHOOL SCHOLARSHIP OPPORTUNITIES TO PURSUE THEIR EDUCATIONAL GOALS.
-
SCHOLARSHIPS - THE OBJECT OF THE ORGANIZATION IS TO CREATE, MAINTAIN, AND ADMINISTER FUNDS FOR THE CULTURAL AND EDUCATIONAL ADVANCEMENT OF WORTHY AND FINANCIALLY NEEDY COLLEGE STUDENTS. SINCE 1964 OVER $59,183,222.00 IN SCOLARSHIPS HAVE BEEN AWARDED TO 39,637 AREA STUDENTS. SEE SCHEDULE I FOR DETAILS OF THE CURRENT YEAR SCHOLARSHIPS AWARDED.
Expenses $1,633,349 · Grants $1,610,685
As filed on the 2022 return.
Listed in Part VII
-
Whitney O'NealWHITNEY O'NEAL
PRESIDENT
- Total calculated
- $91,006
- From this org
- $84,903
- From related orgs
- $0
- Other
- $6,103
- Hours/week
- 1
-
Beth CollinsBETH COLLINS
PROGRAM ADMINISTRATOR
- Total calculated
- $65,850
- From this org
- $62,704
- From related orgs
- $0
- Other
- $3,146
- Hours/week
- 1
-
Dejuan GossettDEJUAN GOSSETT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Shannan SchmittSHANNAN SCHMITT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Chad KoldeCHAD KOLDE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Matt LakeMATT LAKE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
James R CullenJAMES R CULLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew HoffmanMATTHEW HOFFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tanya FicklinTANYA FICKLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jack MinerJACK MINER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adrienne MontgomeryADRIENNE MONTGOMERY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Toyia MontgomeryTOYIA MONTGOMERY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nikela Owens PhDNIKELA OWENS PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Travis SchraffenbergerTRAVIS SCHRAFFENBERGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Audley SmithDR AUDLEY SMITH
BOARD MEMBER
- 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
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349306022
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.