Form 990 for tax year 2022
Filed by EDA AND CLIFF VINER COMMUNITY SCHOLARS FOUNDATION INC.
Totals
- Total revenue
- $971,564
- Total expenses
- $783,504
- Contributions and grants received
- $930,155
- Grants paid
- $641,865
- Program service revenue
- $0
- Investment income
- $30
- Other revenue
- $41,379
- Total assets, end of year
- $330,280
- Total liabilities, end of year
- $527,802
- Net assets or fund balances, end of year
- -$197,522
- Program services expenses (Part IX)
- $695,183
- Management and general expenses
- $60,595
- Fundraising expenses
- $27,726
- Program service expenses (Part III)
- $695,183
Program services were 88.7% 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.
-
1c · Fundraising events
$12,305
-
1f · All other contributions, gifts and grants
$917,850
-
1g · Noncash contributions included above
$12,305
-
3 · Investment income
total $30 · excluded $30
-
8a · Fundraising events: gross income
$76,922
-
8a · Fundraising events: contributions included on line 1c
$12,305
-
8b · Fundraising events: direct expenses
$35,543
-
8c · Net income from fundraising events
total $41,379 · excluded $41,379
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $641,865 · program services $641,865
-
7 · Other salaries and wages
total $85,752 · program services $42,877 · management and general $17,150 · fundraising $25,725
-
10 · Payroll taxes
total $6,669 · program services $3,335 · management and general $1,333 · fundraising $2,001
-
11c · Fees: accounting
total $11,393 · management and general $11,393
-
11g · Fees: other
total $2,221 · management and general $2,221
-
12 · Advertising and promotion
total $7,962 · management and general $7,962
-
13 · Office expenses
total $8,178 · management and general $8,178
-
19 · Conferences, conventions and meetings
total $1,901 · management and general $1,901
-
23 · Insurance
total $5,880 · management and general $5,880
-
24a · Other expenses: MISCELLANEOUS EVENTS
total $4,432 · program services $4,432
-
24b · Other expenses: TAXES, LICENSES AND BAN
total $3,835 · management and general $3,835
-
24c · Other expenses: MENTOR BACKGROUND CHECK
total $2,674 · program services $2,674
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $742 · management and general $742
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,775 · end of year $14,803
-
2 · Savings and temporary cash investments
beginning of year $80,891 · end of year $306,377
-
9 · Prepaid expenses and deferred charges
end of year $9,100
-
15 · Other assets
beginning of year $1,752 · end of year $0
-
19 · Deferred revenue
end of year $27,802
-
22 · Loans and payables to officers and key people
beginning of year $500,000 · end of year $500,000
-
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 -$385,582 · end of year -$197,522
Mission and programs · 2022
Mission
THE ORGANIZATION'S MISSION IS TO EDUCATE AND INSPIRE COMPASSIONATE YOUNG LEADERS TO DEVELOP STRONG CHARACTER WITH A VISION FOR SUCCESS.(IMPORTANT ADDITIONAL MISSION AND FINANCIAL DISCLOSURE AT SCHEDULE O)USING SCHOLARSHIPS AND A MENTOR NETWORK, SCHOLARSHIP RECIPIENTS WILL RECEIVE BOTH FINANCIAL AND NON-FINANCIAL SUPPORT THROUGHOUT THEIR TENURE AT COLLEGE.IT IS THE FOUNDER'S INTENTION THAT 100% OF ALL FUNDS RAISED BY THE ORGANIZATION WILL BE USED FOR STUDENT SCHOLARSHIP PURCHASES ONLY. ALL MANAGEMENT AND FUNDRAISING EXPENSES WILL BE PAID FOR BY SEPARATE DOLLARS CONTRIBUTED TO THE ORGANIZATION BY THE FOUNDER.
Activities or mission (Part I)
THE EDA AND CLIFF VINER COMMUNITY SCHOLARS FOUNDATION OFFERS A SCHOLARSHIP PROGRAM THAT PROVIDES SOUTH PALM BEACH COUNTY HIGH SCHOOL STUDENTS WITH FOUR YEAR SCHOLARSHIPS TO COLLEGES AND UNIVERSITIES IN THE STATE OF FLORIDA PUBLIC EDUCATIONAL SYSTEM, BASED ON ELIGIBILITY AND FINANCIAL NEED.
-
DURING 2022, 160 STUDENTS RECEIVED SCHOLARSHIP ASSISTANCE. THE TOTAL SCHOLARSHIP BENEFIT WAS $864,074, COMPRISED OF $641,865 OF DIRECT ASSISTANCE FROM THE ORGANIZATION, PLUS $222,209 OF DISBURSEMENTS FROM FLORIDA PREPAID TUITION PLANS PREVIOUSLY PURCHASED BY THE ORGANIZATION. DURING 2022, THE ORGANIZATION PURCHASED FLORIDA PREPAID PLANS FOR $138,670, RESULTING IN A TOTAL OF 66 FLORIDA PREPAID PLANS OUTSTANDING AS OF DECEMBER 31, 2022. DURING 2022, 32 NEW STUDENTS WERE AWARDED SCHOLARSHIPS AND 32 SCHOLARSHIP RECIPIENTS GRADUATED COLLEGE.
Expenses $695,183 · Grants $641,865
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Clifford G VinerCLIFFORD G VINER
DIRECTOR, PRESIDENT, TREAS
- Total calculated
- $0
- Hours/week
- 1
-
Eda VinerEDA VINER
DIRECTOR, VICE PRESIDENT,
- Total calculated
- $0
- Hours/week
- 1
-
Patrick FranklinPATRICK FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David LubetkinDAVID LUBETKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan PaulusDAN PAULUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan KayeALAN KAYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marianne JacobsMARIANNE JACOBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacey PackerSTACEY PACKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 2 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303119349300140
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