Form 990-EZ for tax year 2022
Filed by SCHERMCO FOUNDATION INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2022 , filed 1 May 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $120,375
- Total expenses
- $33,341
- Contributions and grants received
- $120,370
- Grants paid
- not reported
- Program service revenue
- not reported
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- $5
- Gain or loss on sale of assets (line 5c)
- not reported
- Gaming and fundraising events, net (line 6d)
- not reported
- Gross profit on inventory sales (line 7c)
- not reported
- Other revenue (line 8)
- not reported
- Total assets, end of year
- $184,329
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $184,329
- Program service expenses (Part III)
- $32,711
Program services were 98.1% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2022
Primary exempt purpose
Increase educational equity by investing
-
Increase educational equity by investing in supporting organizations
Expenses $32,711
As filed on the 2022 return.
Listed in Part IV
-
Greg Schermbeck
President
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2022
- Filed
- 1 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331309349201433
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