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← CARH SCHOLARSHIP FUND

Form 990 for tax year 2023

Filed by CARH SCHOLARSHIP FUND.

Totals

Total revenue
$157,123
Total expenses
$98,985
Contributions and grants received
$144,961
Grants paid
$50,250
Program service revenue
$0
Investment income
$12,162
Other revenue
$0
Total assets, end of year
$512,363
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$512,363
Program services expenses (Part IX)
$79,634
Management and general expenses
$19,351
Fundraising expenses
$0
Program service expenses (Part III)
$79,634

Program services were 80.5% 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

    $144,961

  • 3 · Investment income

    total $11,999 · excluded $11,999

  • 7a · Gross sales of assets other than inventory

    securities $4,442

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

    securities $4,279

  • 7c · Gain or loss

    securities $163

  • 7d · Net gain or loss

    total $163 · excluded $163

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $50,250 · program services $50,250

  • 11b · Fees: legal

    total $2,952 · management and general $2,952

  • 11c · Fees: accounting

    total $6,371 · management and general $6,371

  • 13 · Office expenses

    total $7,421 · management and general $7,421

  • 17 · Travel

    total $6,150 · program services $6,150

  • 19 · Conferences, conventions and meetings

    total $23,204 · program services $22,934 · management and general $270

  • 24a · Other expenses: Annual report

    total $2,070 · management and general $2,070

  • 24b · Other expenses: Writing and research

    total $300 · program services $300

  • 24c · Other expenses: Licenses and permits

    total $267 · management and general $267

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,422 · end of year $23,236

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $40,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $9,500

  • 11 · Investments: publicly traded securities

    beginning of year $394,782 · end of year $429,079

  • 15 · Other assets

    beginning of year $10,000 · end of year $9,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $700 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $427,504 · end of year $512,363

Mission and programs · 2023

Mission

To promote education and expand opportunities for residents of affordable housing in rural America.

  • The CARH Scholarship Foundation provides college scholarships to exceptional students who reside in rural affordable housing all across the USA.

    Expenses $79,634 · Grants $50,250

As filed on the 2023 return.

Listed in Part VII

  • Colleen M Fisher

    Secretary/ Executive Director

    Total calculated
    $195,811
    From this org
    $0
    From related orgs
    $172,500
    Other
    $23,311
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,175 related
    Nontaxable benefits
    $0 + $18,136 related
    Filer's total
    $0 + $195,811 related
  • Rodney Corley

    President

    Total calculated
    $0
    Hours/week
    3
  • Mitch Copman

    Vice President

    Total calculated
    $0
    Hours/week
    3 + 3 related
  • Lowell Ray Barron II

    Treasurer

    Total calculated
    $0
    Hours/week
    3
  • Robert Bender

    At-Large

    Total calculated
    $0
    Hours/week
    3
  • Tammy Burtness

    At-Large

    Total calculated
    $0
    Hours/week
    3 + 3 related
  • Mike Regan

    At-Large

    Total calculated
    $0
    Hours/week
    3
  • Mike Zatelli

    At-Large

    Total calculated
    $0
    Hours/week
    3
  • Shay Dugan

    At-Large

    Total calculated
    $0
    Hours/week
    3

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202443099349302719

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