Form 990 for tax year 2023
Filed by LAPEER COMMUNITY SCHOLARSHIP AND STUDENT LOAN FUND INCORPORATED.
Totals
- Total revenue
- $28,083
- Total expenses
- $22,315
- Contributions and grants received
- $8,306
- Grants paid
- $15,000
- Program service revenue
- $1,793
- Investment income
- $17,184
- Other revenue
- $800
- Total assets, end of year
- $569,411
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $569,411
- Program services expenses (Part IX)
- $21,821
- Management and general expenses
- $494
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $21,821
Program services were 97.8% 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
$8,306
-
2a · Program service revenue: INTEREST EARNED ON LOANS
total $1,793 · related or exempt $1,793
-
3 · Investment income
total $12,099 · excluded $12,099
-
7a · Gross sales of assets other than inventory
securities $25,085
-
7b · Less cost or other basis and sales expenses
securities $20,000
-
7c · Gain or loss
securities $5,085
-
7d · Net gain or loss
total $5,085 · related or exempt $5,085
-
11a · Other revenue: LOAN PROCESSING FEES
total $800 · related or exempt $800
-
11e · Other revenue, total
$800
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $15,000 · program services $15,000
-
7 · Other salaries and wages
total $3,000 · program services $3,000
-
11c · Fees: accounting
total $300 · management and general $300
-
13 · Office expenses
total $117 · program services $117
-
24a · Other expenses: ADMINISTRATIVE FEES
total $3,133 · program services $3,133
-
24b · Other expenses: INVESTMENT FEES
total $571 · program services $571
-
24c · Other expenses: ANNUAL MEETING COSTS
total $174 · management and general $174
-
24d · Other expenses: NON-PROFIT ANNUAL FEE
total $20 · management and general $20
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,260 · end of year $999
-
2 · Savings and temporary cash investments
beginning of year $231,680 · end of year $236,183
-
7 · Other notes and loans receivable
beginning of year $131,286 · end of year $126,076
-
9 · Prepaid expenses and deferred charges
beginning of year $328 · end of year $328
-
11 · Investments: publicly traded securities
beginning of year $176,797 · end of year $205,825
-
31 · Retained earnings, endowment or other funds
beginning of year $541,351 · end of year $569,411
Mission and programs · 2023
Mission
TO ASSIST GRADUATES OF LAPEER COMMUNITY SCHOOLS IN THE FINANCING OF THEIR ADVANCED STUDIES. THIS ASSISTANCE IS GIVEN IN THE FORM OF SCHOLARSHIPS AND LOANS.
-
FOURTEEN HIGH SCHOOL GRADUATES RECEIVED SCHOLARSHIPS TO ATTEND THE COLLEGE OF THEIR CHOICE.
Expenses $15,000 · Grants $15,000
-
LOANS ARE MADE TO LAPEER HIGH SCHOOL GRADUATES, TO LESSON THE BURDEN OF FURTHERING TEIR EDUCATION. THESE LOANS ARE REPAID WITH INTEREST AFTER THE STUDENTS GRADUATE, OR LEAVE SCHOOL.
Expenses $6,821 · Revenue $1,793
-
VARIOUS ADMINISTRATIVE COSTS RELATED TO THE ORGANIZATION'S MISSION.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter BatistoniPETER BATISTONI
TREASURER
- Total calculated
- $0
- Hours/week
- 0.25
-
Adam SchluslerADAM SCHLUSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Arthur R SietingARTHUR R SIETING
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Susan WilmersSUSAN WILMERS
EXEC SECRETA
- Total calculated
- $0
- Hours/week
- 1
-
Jeff StantonJEFF STANTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Doug LindsayDOUG LINDSAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Robert DennanyROBERT DENNANY
VICE-PRESIDE
- Total calculated
- $0
- Hours/week
- 0
-
Matt WandrieMATT WANDRIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sally MillerSALLY MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jennifer TaylorJENNIFER TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Melissa HopkinsMELISSA HOPKINS
SECRETARY
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $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
- 5 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511279349300301
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