Form 990 for tax year 2023
Filed by ASSOCIATION OF MARSHALL SCHOLARS INC.
Totals
- Total revenue
- $1,278,385
- Total expenses
- $1,090,935
- Contributions and grants received
- $1,206,934
- Grants paid
- $233,272
- Program service revenue
- $4,435
- Investment income
- $67,016
- Other revenue
- $0
- Total assets, end of year
- $2,892,927
- Total liabilities, end of year
- $33,562
- Net assets or fund balances, end of year
- $2,859,365
- Program services expenses (Part IX)
- $842,621
- Management and general expenses
- $105,875
- Fundraising expenses
- $142,439
- Program service expenses (Part III)
- $842,621
Program services were 77.2% 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
$1,206,934
-
1g · Noncash contributions included above
$31,205
-
2a · Program service revenue: REGISTRATION FEES
total $4,435 · related or exempt $4,435
-
3 · Investment income
total $64,391 · excluded $64,391
-
7a · Gross sales of assets other than inventory
securities $50,750
-
7b · Less cost or other basis and sales expenses
securities $48,125
-
7c · Gain or loss
securities $2,625
-
7d · Net gain or loss
total $2,625 · excluded $2,625
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $233,272 · program services $233,272
-
5 · Compensation of officers, directors and key employees
total $195,000 · program services $136,500 · management and general $19,500 · fundraising $39,000
-
7 · Other salaries and wages
total $20,978 · management and general $10,489 · fundraising $10,489
-
8 · Pension plan contributions
total $2,300 · program services $1,610 · management and general $230 · fundraising $460
-
9 · Other employee benefits
total $9,726 · program services $5,836 · management and general $1,945 · fundraising $1,945
-
10 · Payroll taxes
total $15,204 · program services $9,122 · management and general $3,041 · fundraising $3,041
-
11a · Fees: management
total $21,534 · management and general $10,767 · fundraising $10,767
-
11b · Fees: legal
total $1,763 · management and general $1,763
-
11c · Fees: accounting
total $16,500 · management and general $16,500
-
11g · Fees: other
total $148,711 · program services $131,029 · management and general $1,409 · fundraising $16,273
-
12 · Advertising and promotion
total $40,303 · program services $26,197 · fundraising $14,106
-
13 · Office expenses
total $15,237 · program services $3,047 · management and general $7,619 · fundraising $4,571
-
14 · Information technology
total $30,672 · program services $7,668 · management and general $15,336 · fundraising $7,668
-
16 · Occupancy
total $16,560 · program services $5,465 · management and general $5,630 · fundraising $5,465
-
17 · Travel
total $89,146 · program services $66,860 · management and general $4,457 · fundraising $17,829
-
18 · Travel or entertainment for public officials
total $124,004 · program services $124,004
-
19 · Conferences, conventions and meetings
total $108,248 · program services $92,011 · management and general $5,412 · fundraising $10,825
-
23 · Insurance
total $1,777 · management and general $1,777
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $232,085 · end of year $242,899
-
2 · Savings and temporary cash investments
beginning of year $803,734 · end of year $687,396
-
3 · Pledges and grants receivable
beginning of year $30,500 · end of year $9,625
-
9 · Prepaid expenses and deferred charges
beginning of year $180,630 · end of year $157,918
-
11 · Investments: publicly traded securities
beginning of year $1,266,066 · end of year $1,794,034
-
15 · Other assets
beginning of year $0 · end of year $1,055
-
17 · Accounts payable and accrued expenses
beginning of year $47,295 · end of year $33,562
-
27 · Net assets without donor restrictions
beginning of year $997,023 · end of year $1,020,902
-
28 · Net assets with donor restrictions
beginning of year $1,468,697 · end of year $1,838,463
Mission and programs · 2023
Mission
THE ASSOCIATION OF MARSHALL SCHOLARS FOSTERS PERSONAL AND PROFESSIONAL RELATIONSHIPS AMONG MARSHALL SCHOLARS; SUPPORTS AND PUBLICIZES THE AIMS OF THE MARSHALL SCHOLARSHIP PROGRAM; AND ENHANCES THE EXPERIENCE OF MARSHALL SCHOLARS STUDYING IN THE UNITED KINGDOM, THEREBY STRENGTHENING THE ENDURING RELATIONSHIP BETWEEN THE UNITED KINGDOM AND THE UNITED STATES.
Activities or mission (Part I)
TO PUBLICIZE PROGRAM ON BRITISH EDUCATION AND TO MAINTAIN CONTACT AMONG (CONTINUED ON SCH O) (CONTINUED FROM 990 PAGE 1) MARSHALL SCHOLARS AND MARSHALL ALUMNI; TO SPONSOR PROGRAMS THAT WOULD FURTHER CHARITABLE AND EDUCATIONAL AIMS.
-
TO PROVIDE MARSHALL SCHOLARS WITH INFORMATION THROUGH THE INTERNET, MAIL AND OTHER FORMS OF COMMUNICATION TO FOSTER CONTINUED ENGAGEMENT WITH THE ORGANIZATION.
Expenses $133,631
-
HOSTING REGIONAL AND NATIONAL CONVENTIONS TO FOSTER PERSONAL AND PROFESSIONAL RELATIONSHIPS AMONG MARSHALL SCHOLARS, AND TO PROVIDE INFORMATION ON THE PROGRAM.
Expenses $405,575 · Revenue $4,435
-
SCHOLARSHIPS AND ASSISTANCE GRANTED
Expenses $303,415 · Grants $233,272
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Zachary D KaufmanZACHARY D KAUFMAN
DIRECTOR OF COMMUNICATIONS
- Total calculated
- $0
- Hours/week
- 3
-
Scott GrinsellSCOTT GRINSELL
PRESIDENT/CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Leonard SrnkaLEONARD SRNKA
TREASURER/CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Peter BarackPETER BARACK
AT-LARGE DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ted KammanTED KAMMAN
(FORMER) AT-LARGE DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Saj CherianSAJ CHERIAN
(FORMER) AT-LARGE DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Chairman-Marshall Aid CommonCHAIRMAN-MARSHALL AID COMMON
COMM (LONDON) EX-OFFICIO D
- Total calculated
- $0
- Hours/week
- 0.1
-
Hmambassador To Us Or TheirHMAMBASSADOR TO US OR THEIR
DESIGNEE (EX-OFFICIO DIREC
- Total calculated
- $0
- Hours/week
- 0.1
-
Martin BuddMARTIN BUDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Michael LiMICHAEL LI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Martin GilkesMARTIN GILKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Bob KyleBOB KYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Parker HudsonPARKER HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jessica SebeokJESSICA SEBEOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Nathan FagreNATHAN FAGRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
James EisenhowerJAMES EISENHOWER
(FORMER) DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Elizabeth Harmer DionneELIZABETH HARMER DIONNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Julia Rafal-BaerJULIA RAFAL-BAER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Avery Willis HoffmanAVERY WILLIS HOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Tom LupferTOM LUPFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Rebecca PetersREBECCA PETERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Anna QuiderANNA QUIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mark BellMARK BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ron ChenRON CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Keira DrianskyKEIRA DRIANSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Robert KyleROBERT KYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Sharan KempSHARAN KEMP
DIRECTOR BRITISH AFFAIRS
- Total calculated
- $0
- Hours/week
- 3
-
Nell BreyerNELL BREYER
SECRETARY/EXECUTIVE DIRECT
- Total calculated
- $203,584
- From this org
- $195,000
- From related orgs
- $0
- Other
- $8,584
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,000
- Bonus
- $0
- Other
- $0
- Deferred
- $2,400
- Nontaxable benefits
- $6,184
- Filer's total
- $203,584
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE SEARCH COMMITTEE REVIEWED PUBLICLY AVAILABLE INFORMATION ON THE COMPENSATION FOR CEO & EXECUTIVE DIRECTORS OF SIMILAR ORGANIZATIONS. THE BOARD APPROVED THE EXECUTIVE DIRECTOR SALARY.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423179349306757
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