Form 990 for tax year 2022
Filed by ACHIEVEMENT REWARDS FOR COLLEGE SCIENTISTS FOUNDATION INC.
Totals
- Total revenue
- $515,304
- Total expenses
- $433,835
- Contributions and grants received
- $456,067
- Grants paid
- $374,000
- Program service revenue
- $0
- Investment income
- $59,237
- Other revenue
- $0
- Total assets, end of year
- $3,097,545
- Total liabilities, end of year
- $8,150
- Net assets or fund balances, end of year
- $3,089,395
- Program services expenses (Part IX)
- $410,600
- Management and general expenses
- $23,235
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $410,600
Program services were 94.6% 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.
-
1b · Membership dues
$9,229
-
1f · All other contributions, gifts and grants
$446,838
-
3 · Investment income
total $59,936 · excluded $59,936
-
7a · Gross sales of assets other than inventory
securities $500,219
-
7b · Less cost or other basis and sales expenses
securities $500,918
-
7c · Gain or loss
securities -$699
-
7d · Net gain or loss
total -$699 · excluded -$699
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $374,000 · program services $374,000
-
11c · Fees: accounting
total $7,271 · management and general $7,271
-
11f · Fees: investment management
total $13,430 · management and general $13,430
-
13 · Office expenses
total $794 · management and general $794
-
19 · Conferences, conventions and meetings
total $4,992 · program services $4,992
-
23 · Insurance
total $1,740 · management and general $1,740
-
24e · All other expenses
total $31,608 · program services $31,608
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $733,704 · end of year $11,841
-
2 · Savings and temporary cash investments
end of year $795,288
-
11 · Investments: publicly traded securities
beginning of year $2,243,955 · end of year $2,290,416
-
17 · Accounts payable and accrued expenses
beginning of year $8,704
-
19 · Deferred revenue
end of year $8,150
-
27 · Net assets without donor restrictions
beginning of year $217,329 · end of year $313,733
-
28 · Net assets with donor restrictions
beginning of year $2,751,626 · end of year $2,775,662
Mission and programs · 2022
Mission
The ARCS Foundation advances science and technology in the United States by providing financial awards to academically outstanding U.S. citizens studying to complete degrees in science, engineering, and medical research.
Activities or mission (Part I)
ARCS Foundation advances science and technology by providing financial awards to US scholars.
-
The Phoenix Chapter of ARCS Foundation, Inc., uses the following procedures to determine an individual's qualification for a scholar award:The foundation's chairperson coordinates with the Deans of the Graduate Colleges of Arizona's three public universities to find qualified graduate students. These graduate students are studying to complete degrees in science, engineering and medicine research. The universities are responsible for the selecting of the specific requirements.
Expenses $410,600 · Grants $374,000
As filed on the 2022 return.
Listed in Part VII
-
Ceda Austerman
Corresponding Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Carol Browner
Alumni Scholar Relations
- Total calculated
- $0
- Hours/week
- 5
-
Janet Castner
Newsletter Director
- Total calculated
- $0
- Hours/week
- 5
-
Paulette Dalke
Web Content Administrator
- Total calculated
- $0
- Hours/week
- 5
-
Danielle Davis
VP University Relations
- Total calculated
- $0
- Hours/week
- 5
-
Pat Elder
Hospitality Director
- Total calculated
- $0
- Hours/week
- 5
-
Sydney Fox
VP Membership and Awards Dinner
- Total calculated
- $0
- Hours/week
- 5
-
Christine Hawes
VP Fund Development/Donor Relations
- Total calculated
- $0
- Hours/week
- 5
-
Marilyn Hayes
Assistant Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Elaine Karcher
Endowment Chair
- Total calculated
- $0
- Hours/week
- 5
-
Jane Lawson
VP University Relations
- Total calculated
- $0
- Hours/week
- 5
-
Judy LeMarr
President
- Total calculated
- $0
- Hours/week
- 10
-
Anna Maria Matteucci
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Amy Moseley
Hospitality Director
- Total calculated
- $0
- Hours/week
- 5
-
Andrea Moseley
VP Field Trips
- Total calculated
- $0
- Hours/week
- 5
-
Elizabeth Nofen
VP University Relations
- Total calculated
- $0
- Hours/week
- 5
-
Kimberly Olney
Fall Event Director
- Total calculated
- $0
- Hours/week
- 5
-
Kathy Plenge
Historian
- Total calculated
- $0
- Hours/week
- 5
-
Sharon Ponce
Web Master Admin
- Total calculated
- $0
- Hours/week
- 5
-
Dawn Carson Senger
Recording Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Alexandra Shepard
Alumni Scholar Relations
- Total calculated
- $0
- Hours/week
- 5
-
Sandra Seward
VP Public Relations
- Total calculated
- $0
- Hours/week
- 5
-
Patti Tucker
Parliamentarian and Awards Dinner
- Total calculated
- $0
- Hours/week
- 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
- 15 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410239349300966
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