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Nonprofiteer
← DR MARTIN LUTHER KING JR SCHOLARSHIP TRUST FUND

Form 990 for tax year 2022

Filed by DR MARTIN LUTHER KING JR SCHOLARSHIP TRUST FUND.

Totals

Total revenue
$345,318
Total expenses
$273,537
Contributions and grants received
$262,809
Grants paid
$260,124
Program service revenue
$0
Investment income
$69,007
Other revenue
$13,502
Total assets, end of year
$1,888,090
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,888,090
Program services expenses (Part IX)
$272,399
Management and general expenses
$1,138
Fundraising expenses
$0
Program service expenses (Part III)
$272,399

Program services were 99.6% 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.

  • 1f · All other contributions, gifts and grants

    $262,809

  • 3 · Investment income

    total $29,381 · excluded $29,381

  • 7a · Gross sales of assets other than inventory

    securities $63,592 · other assets $13,669

  • 7b · Less cost or other basis and sales expenses

    securities $37,635

  • 7c · Gain or loss

    securities $25,957 · other assets $13,669

  • 7d · Net gain or loss

    total $39,626 · excluded $39,626

  • 8a · Fundraising events: gross income

    $47,622

  • 8b · Fundraising events: direct expenses

    $34,120

  • 8c · Net income from fundraising events

    total $13,502

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $260,124 · program services $260,124

  • 11f · Fees: investment management

    total $7,411 · program services $7,411

  • 23 · Insurance

    total $1,138 · management and general $1,138

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $4,652 · program services $4,652

  • 24b · Other expenses: FOREIGN TAX EXPENSE

    total $212 · program services $212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $642,426 · end of year $642,833

  • 2 · Savings and temporary cash investments

    beginning of year $197,600 · end of year $139,017

  • 11 · Investments: publicly traded securities

    beginning of year $1,047,601 · end of year $1,058,819

  • 15 · Other assets

    beginning of year $47,412 · end of year $47,421

  • 27 · Net assets without donor restrictions

    beginning of year $900,572 · end of year $829,271

  • 28 · Net assets with donor restrictions

    beginning of year $1,034,467 · end of year $1,058,819

Mission and programs · 2022

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • TO PROVIDE SCHOLARSHIP ASSISTANCE FOR HIGHER EDUCATION EXPENSES TO QUALIFYING INDIVIDUALS.

    Expenses $272,399 · Grants $260,124

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • RACHELLE AEKINS

    VICE PRESIDE

    Total calculated
    $0

  • MARIE CARMENATI

    TREASURER

    Total calculated
    $0

  • LOLA COLETTE

    SECRETARY

    Total calculated
    $0

  • CHRISTINE CONLEY

    DIRECTOR

    Total calculated
    $0

  • ANDREA L ACKERMAN EDD

    DIRECTOR

    Total calculated
    $0

  • JOE GARCIA

    DIRECTOR

    Total calculated
    $0

  • MEGAN GILBERT

    DIRECTOR

    Total calculated
    $0

  • HENRY KYDD

    DIRECTOR

    Total calculated
    $0

  • MARGARET MILNES

    DIRECTOR

    Total calculated
    $0

  • JAMES E MITCHELL

    DIRECTOR

    Total calculated
    $0

  • BIRSE TIMMONS

    PRESIDENT

    Total calculated
    $0

  • ZAKKYYA WILLIAMS

    DIRECTOR

    Total calculated
    $0

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
5 February 2025
IRS schema version
2022v5.0
Source object
202520379349301667

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