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← FLEISCHER SCHOLARS FOUNDATION

Form 990 for tax year 2022

Filed by FLEISCHER SCHOLARS FOUNDATION.

Totals

Total revenue
$2,475,197
Total expenses
$528,823
Contributions and grants received
$2,475,025
Grants paid
$317,109
Program service revenue
$0
Investment income
$172
Other revenue
$0
Total assets, end of year
$1,946,374
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,946,374
Program services expenses (Part IX)
$488,140
Management and general expenses
$21,933
Fundraising expenses
$18,750
Program service expenses (Part III)
$488,140

Program services were 92.3% 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

    $2,475,025

  • 3 · Investment income

    total $172 · excluded $172

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $317,109 · program services $317,109

  • 7 · Other salaries and wages

    total $16,042 · program services $16,042

  • 10 · Payroll taxes

    total $1,325 · program services $1,325

  • 11b · Fees: legal

    total $18,633 · management and general $18,633

  • 11c · Fees: accounting

    total $3,150 · management and general $3,150

  • 11e · Fees: professional fundraising services

    total $18,750 · fundraising $18,750

  • 11g · Fees: other

    total $113,040 · program services $112,890 · management and general $150

  • 12 · Advertising and promotion

    total $16,425 · program services $16,425

  • 24a · Other expenses: SUPPLIES AND OTHER

    total $24,349 · program services $24,349

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $1,621,374

  • 3 · Pledges and grants receivable

    end of year $325,000

  • 27 · Net assets without donor restrictions

    end of year $1,946,374

Mission and programs · 2022

Mission

THE FOUNDATION'S PRIMARY PURPOSE IS TO RAISE FUNDS FOR THE PROMOTION AND DEVELOPMENT OF THE SCHOLARS PROGRAM BY PARTNERING WITH COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES.

  • THE SCHOLARS PROGRAM WORKS WITH HIGH SCHOOL STUDENTS TO ENCOURAGE ENTREPRENEURIAL SPIRIT AND AN UNDERSTANDING OF THE CAPITALIST PHILOSOPHY OF THE ECONOMIC SYSTEM IN THE UNITED STATES BY PARTNERING WITH COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES. THE PURPOSE IS TO BRING ECONOMICALLY DISADVANTAGED YOUTHS INTO THE MAINSTREAM OF AMERICAN SOCIETY.

    Expenses $488,140 · Grants $317,109

As filed on the 2022 return.

Listed in Part VII

  • Morton Fleischer

    CEO/CHAIRMAN/TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Melissa Trujillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joshua Valdez-Elizetxe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Head

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Quentin Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Hillman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Belitz

    VICE PRESIDENT & SECRETARY

    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

Provenance

Return type
form_990
Tax year
2022
Filed
31 July 2023
IRS schema version
2022v5.0
Source object
202312159349301536

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