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Nonprofiteer
← ALYN SCHOLARSHIP FUND INC

Form 990 for tax year 2023

Filed by ALYN SCHOLARSHIP FUND INC.

Totals

Total revenue
$985,048
Total expenses
$1,033,958
Contributions and grants received
$976,136
Grants paid
$962,085
Program service revenue
$0
Investment income
$8,912
Other revenue
$0
Total assets, end of year
$283,466
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$283,466
Program services expenses (Part IX)
$1,001,764
Management and general expenses
$32,194
Fundraising expenses
$0
Program service expenses (Part III)
$1,001,764

Program services were 96.9% 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

    $976,136

  • 3 · Investment income

    total $8,912 · related or exempt $8,912

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $962,085 · program services $962,085

  • 5 · Compensation of officers, directors and key employees

    total $38,362 · program services $38,362

  • 7 · Other salaries and wages

    total $10,400 · management and general $10,400

  • 10 · Payroll taxes

    total $3,833 · management and general $3,833

  • 11c · Fees: accounting

    total $9,768 · management and general $9,768

  • 11g · Fees: other

    total $4,380 · management and general $4,380

  • 12 · Advertising and promotion

    total $3,753 · management and general $3,753

  • 13 · Office expenses

    total $182 · program services $122 · management and general $60

  • 14 · Information technology

    total $1,195 · program services $1,195

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,962 · end of year $15,459

  • 2 · Savings and temporary cash investments

    beginning of year $320,414 · end of year $268,007

  • 27 · Net assets without donor restrictions

    beginning of year $332,376 · end of year $283,466

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • TUITION TAX CREDIT SCHOLARSHIPS DONATIONS

  • TUITION TAX CREDIT SCHOLARSHIPS DONATIONS

    Expenses $1,001,764 · Grants $962,085

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Ikner

    DIRECTOR

    Total calculated
    $0

  • Jeff Weems

    EXECUTIVE DI

    Total calculated
    $38,362
    From this org
    $38,362
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Anne MacLeod

    SECRETARY

    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
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202531199349302428

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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