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Nonprofiteer
← STATE OF MAINE CADDIE SCHOLARSHIP FUND

Form 990 for tax year 2022

Filed by STATE OF MAINE CADDIE SCHOLARSHIP FUND.

Totals

Total revenue
$36,716
Total expenses
$79,995
Contributions and grants received
$16,647
Grants paid
$74,000
Program service revenue
$0
Investment income
$20,069
Other revenue
$0
Total assets, end of year
$1,513,142
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,513,142
Program services expenses (Part IX)
$74,000
Management and general expenses
$5,995
Fundraising expenses
$0
Program service expenses (Part III)
$74,000

Program services were 92.5% 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

    $16,647

  • 3 · Investment income

    total $21,091 · excluded $21,091

  • 7a · Gross sales of assets other than inventory

    securities $374,536

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

    securities $375,558

  • 7c · Gain or loss

    securities -$1,022

  • 7d · Net gain or loss

    total -$1,022 · excluded -$1,022

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $74,000 · program services $74,000

  • 11g · Fees: other

    total $5,995 · management and general $5,995

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,203 · end of year $34,032

  • 7 · Other notes and loans receivable

    beginning of year $247,242 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,449,056 · end of year $1,479,110

  • 27 · Net assets without donor restrictions

    beginning of year $1,793,501 · end of year $1,513,142

Mission and programs · 2022

Mission

TO ASSIST DESERVING MAINE INDIVIDUALS WHO HAVE A SPECIAL INTEREST IN GOLF TO OBTAIN A COLLEGE EDUCATION OR TECHNICAL TRAINING OF UNIVERSITY GRADE.

  • THE FUND PROVIDED SCHOLARSHIPS TO QUALIFIED AND DESERVING COLLEGE STUDENTS IN THE AMOUNT OF $1,500 PER ACADEMIC YEAR TO A MAXIMUM OF $6,000 FOR 4 CONSECUTIVE YEARS, OR AN AMOUNT DETERMINED BY THE BOARD. THE FUND ALSO PROVIDES ANNUAL AWARDS TO ONE BOY AND ONE GIRL IN THE AMOUNT OF $5,000 EACH.

    Expenses $74,000 · Grants $74,000

As filed on the 2022 return.

Listed in Part VII

  • Joe Alvarez

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Curt Jordan

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Neil Angis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Les Fleisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Meredith Koerner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brad Pattershall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Helen Plourd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rick Proctor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charlie Pray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jay Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Bickford

    EXECUTIVE DIRECTOR

    Total calculated
    $112,653
    From this org
    $0
    From related orgs
    $110,000
    Other
    $2,653
    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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202303139349303740

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