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Nonprofiteer
← OLD ELM SCHOLARSHIP FOUNDATION

Form 990 for tax year 2022

Filed by OLD ELM SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$352,989
Total expenses
$468,455
Contributions and grants received
$255,649
Grants paid
$450,500
Program service revenue
$0
Investment income
$97,340
Other revenue
$0
Total assets, end of year
$3,846,253
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,846,253
Program services expenses (Part IX)
$450,500
Management and general expenses
$17,955
Fundraising expenses
$0
Program service expenses (Part III)
$450,500

Program services were 96.2% 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

    $255,649

  • 1g · Noncash contributions included above

    $14,849

  • 3 · Investment income

    total $109,238 · excluded $109,238

  • 7a · Gross sales of assets other than inventory

    securities $69,910

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

    securities $81,808

  • 7c · Gain or loss

    securities -$11,898

  • 7d · Net gain or loss

    total -$11,898 · excluded -$11,898

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $450,500 · program services $450,500

  • 11c · Fees: accounting

    total $14,925 · management and general $14,925

  • 13 · Office expenses

    total $3,030 · management and general $3,030

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202,060

  • 2 · Savings and temporary cash investments

    beginning of year $52,444 · end of year $210,858

  • 11 · Investments: publicly traded securities

    beginning of year $3,702,355 · end of year $3,635,395

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $3,956,859 · end of year $3,846,253

Mission and programs · 2022

Mission

TO AWARD OLD ELM CLUB EMPLOYEES, THEIR FAMILIES, AND CADDIES COLLEGE SCHOLARSHIPS IN AMOUNTS RANGING FROM $1,000 TO $20,000.

Activities or mission (Part I)

TO AWARD OLD ELM CLUB EMPLOYEES, THEIR FAMILIES, AND CADDIES COLLEGE SCHOLARSHIPS IN AMOUNTS RANGING FROM $1,000 TO $10,000.

  • SCHOLARSHIPS ARE AWARDED TO EMPLOYEES, THEIR FAMILIES, AND CADDIES OF THE OLD ELM CLUB.

    Expenses $450,500 · Grants $450,500

As filed on the 2022 return.

Listed in Part VII

  • Charles M Brennan III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • David D Grumhaus

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • M Jay Trees

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Ray E Newton Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Alexander D Stuart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John C Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Richard L Thomas

    DIRECTOR UNTIL DECEMBER 2022

    Total calculated
    $0
    Hours/week
    0.5

  • Brayton B Alley

    DIRECTOR UNTIL DECEMBER 2022

    Total calculated
    $0
    Hours/week
    0.5

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
3 October 2023
IRS schema version
2022v5.0
Source object
202312859349301901

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