Form 990 for tax year 2023

Filed by SCHWEIGER MEMORIAL SCHOLARSHIP FUND.

Totals

Total revenue: $148,272
Total expenses: $97,244
Contributions and grants received: $391,600
Grants paid: $86,667
Program service revenue: $0
Investment income: $7,169
Other revenue: -$250,497
Total assets, end of year: $628,153
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $628,153
Program services expenses (Part IX): $86,667
Management and general expenses: $10,577
Fundraising expenses: $0
Program service expenses (Part III): $86,667

Program services were 89.1% 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.

1c · Fundraising events

$391,600
3 · Investment income

total $10,364 · excluded $10,364
7a · Gross sales of assets other than inventory

securities $77,700
7b · Less cost or other basis and sales expenses

securities $80,895
7c · Gain or loss

securities -$3,195
7d · Net gain or loss

total -$3,195 · excluded -$3,195
8a · Fundraising events: gross income

$58,203
8a · Fundraising events: contributions included on line 1c

$391,600
8b · Fundraising events: direct expenses

$308,700
8c · Net income from fundraising events

total -$250,497 · excluded -$250,497

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $86,667 · program services $86,667
11c · Fees: accounting

total $4,477 · management and general $4,477
11f · Fees: investment management

total $3,070 · management and general $3,070
11g · Fees: other

total $3,000 · management and general $3,000
24a · Other expenses: FOREIGN TAX PAID

total $30 · program services $0 · management and general $30 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $19,969 · end of year $66,928
2 · Savings and temporary cash investments

beginning of year $14,881 · end of year $12,719
11 · Investments: publicly traded securities

beginning of year $437,246 · end of year $515,742
12 · Investments: other securities

beginning of year $34,000 · end of year $32,764
27 · Net assets without donor restrictions

beginning of year $506,096 · end of year $628,153

Mission and programs · 2023

Mission

THE SCHWEIGER MEMORIAL SCHOLARSHIP FUND PROVIDES ANNUAL SCHOLARSHIPS TO APPLICANTS LOOKING TO PURSUE CAREERS IN CONSTRUCTION AND CONSTRUCTION-RELATED FIELDS.

Activities or mission (Part I)

PROVIDES ANNUAL SCHOLARSHIPS TO APPLICANTS LOOKING TO PURSUE CAREERS IN CONSTRUCTION.

THE SCHWEIGER MEMORIAL SCHOLARSHIP FUND AWARDS SCHOLARSHIP FUNDS TO QUALIFIED INDIVIDUALS FOR UNDERGRADUATE OR GRADUATE EDUCATION IN THE CONSTRUCTION INDUSTRY.

Expenses $86,667 · Grants $86,667

As filed on the 2023 return.

Listed in Part VII

DEE BURCH

PRESIDENT

Total calculated

$0

Hours/week

1
KYLE IZATT

SECRETARY

Total calculated

$0

Hours/week

1
JULIE DAVIS

TREASURER

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 May 2024
IRS schema version: 2023v5.0
Source object: 202411359349310486

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