Form 990 for tax year 2023
Filed by ROSSMOOR SCHOLARSHIP FOUNDATION.
Totals
- Total revenue
- $395,693
- Total expenses
- $317,619
- Contributions and grants received
- $326,383
- Grants paid
- $288,000
- Program service revenue
- $0
- Investment income
- $69,310
- Other revenue
- $0
- Total assets, end of year
- $2,145,112
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,145,112
- Program services expenses (Part IX)
- $288,000
- Management and general expenses
- $21,317
- Fundraising expenses
- $8,302
- Program service expenses (Part III)
- $288,000
Program services were 90.7% 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.
-
1f · All other contributions, gifts and grants
$326,383
-
3 · Investment income
total $69,310 · excluded $69,310
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $288,000 · program services $288,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $14,223 · management and general $14,223
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $117 · management and general $117
-
14 · Information technology
total $6,672 · management and general $4,902 · fundraising $1,770
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,499 · management and general $1,499
-
24a · Other expenses: Printing and Publications
total $3,250 · fundraising $3,250
-
24b · Other expenses: Donor reception
total $2,098 · fundraising $2,098
-
24c · Other expenses: Postage and Shipping
total $880 · management and general $249 · fundraising $631
-
24d · Other expenses: Bank charges
total $557 · management and general $4 · fundraising $553
-
24e · All other expenses
total $323 · management and general $323
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $218,349 · end of year $233,054
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,657,408 · end of year $1,912,058
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
28 · Net assets with donor restrictions
beginning of year $1,875,757 · end of year $2,145,112
Mission and programs · 2023
Mission
The purpose of the Rossmoor Scholarship Foundation is to provide scholarships to graduates from local high schools and community colleges to aid them in pursuing a course of study at an accredited advanced institution, college or university of their choice.
Activities or mission (Part I)
To provide scholarships to graduates from local high schools and community colleges to aid them in pursuing a course of study at an accredited advanced institution, college or university of their choice.
-
The Foundation granted $263,500 in scholarship awards to 66 students. Total scholarship payments during the year totaled $288,000 (some 2022 scholarships were paid in 2023; some 2023 scholarships will be paid in 2024).
Expenses $288,000 · Grants $288,000
As filed on the 2023 return.
Listed in Part VII
-
Steven Batill
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jean Autrey
Treasurer
- Total calculated
- $0
- Hours/week
- 6
-
Natalee Fairbanks
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Carol Caputo
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Sherrie Hansen
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Lucy Daggett
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Bob Daines
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Joe Friedman
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Walter Barr
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Susan Baskin
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Thomas Beckett
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Mariann Kessler
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Katey Craver
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Ulla Davis
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Alice Lau
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Bob Miller
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Marilyn Mansfield
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Peter Li
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Charlotte Misner
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Debbie Swearingen
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Gloria Reid
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn Riding
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Gayle Rotner
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Peter Yang
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Patsy Sharaf
President
- Total calculated
- $0
- Hours/week
- 6
-
Melody Silberstein
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Barbara Walker
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
William Welch
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Shirley Wiegand
President
- Total calculated
- $0
- Hours/week
- 6
-
Wayne Wiegand
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Bernie Wolf
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Lonna Wolf
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
May Wong
Secretary
- Total calculated
- $0
- Hours/week
- 2
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
- 2023
- Filed
- 22 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441149349300344
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