Totals
- Total revenue
- $93,564
- Total expenses
- $176,466
- Contributions and grants received
- $25,000
- Grants paid
- $158,050
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $68,564
- Total assets, end of year
- $274,351
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $274,351
- Program services expenses (Part IX)
- $170,355
- Management and general expenses
- $6,111
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $170,355
Program services were 96.5% 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
$25,000
-
8a · Fundraising events: gross income
$119,295
-
8b · Fundraising events: direct expenses
$50,731
-
8c · Net income from fundraising events
total $68,564
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $158,050 · program services $158,050
-
16 · Occupancy
total $7,800 · program services $7,800
-
23 · Insurance
total $2,516 · management and general $2,516
-
24a · Other expenses: PROFESSIONAL FEES
total $5,850 · management and general $5,850
-
24b · Other expenses: CONTRACT LABOR
total $4,505 · program services $4,505
-
24c · Other expenses: BANK CHARGES
total $260 · management and general $260
-
24d · Other expenses: MISCELLANEOUS EXPENSES
total -$2,515 · management and general -$2,515
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $290,026 · end of year $217,074
-
4 · Accounts receivable
end of year $54,802
-
9 · Prepaid expenses and deferred charges
beginning of year $2,475 · end of year $2,475
-
10a · Land, buildings and equipment: cost or other basis
$224,593
-
10b · Land, buildings and equipment: accumulated depreciation
$224,593
-
27 · Net assets without donor restrictions
beginning of year $292,501 · end of year $274,351
Mission and programs · 2024
Mission
"CHALLENGING PEOPLE TO SHAPE A BETTER FUTURENOW" IS THE CORNERSTONE OF THE SKANNER FOUNDATION'S MISSION. OUE SCHOLARSHIP PROGRAM HELP STUDENTS ACCOMPLISH THEIR EDUCATIONAL GOALS TO INSURE A BRIGHT AND SUCCESSFUL FUTURE WITHIN OUR COMMUNITIES.
Activities or mission (Part I)
THE SKANNER FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO EDUCATE DISADVANTAGED YOUTH.
-
MARTIN LUTHER KING PRAYER BREAKFAST; CONFERENCE & AWARDS CEREMONY - SEVERAL HUNDRED PEOPLE ATTENDED THE CONFERENCE. DURING THE YEAR ENDED MAY 31,2025 THE SKANNER FOUNDATION PROVIDED SCHOLARSHIPS TO 59 INDIVIDUALS AND MADE 10 DONATIONS TO VARIOUS OTHER NON-PROFIT ORGANIZATIONS.
Expenses $170,355 · Grants $158,050
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bernard FosterBERNARD FOSTER
EXEC DIR/CHA
- Total calculated
- $0
- Hours/week
- 2
-
Bobbie FosterBOBBIE FOSTER
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 0.25
-
Kenneth PoundsKENNETH POUNDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
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
- 2024
- Filed
- 11 April 2026
- IRS schema version
- 2024v5.0
- Source object
- 202631029349300123
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