Form 990 for tax year 2023
Filed by FOUNDATION FOR STUDENT COMMUNICATION INC.
Totals
- Total revenue
- $649,420
- Total expenses
- $628,664
- Contributions and grants received
- $9,491
- Grants paid
- $0
- Program service revenue
- $565,525
- Investment income
- $73,904
- Other revenue
- $500
- Total assets, end of year
- $3,323,949
- Total liabilities, end of year
- $12,697
- Net assets or fund balances, end of year
- $3,311,252
- Program services expenses (Part IX)
- $530,476
- Management and general expenses
- $98,188
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $530,476
Program services were 84.4% 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
$9,491
-
2a · Program service revenue: CONFERENCES
total $565,525 · related or exempt $565,525
-
3 · Investment income
total $73,904 · excluded $73,904
-
11a · Other revenue: MISC REVENUE
total $500 · related or exempt $500
-
11e · Other revenue, total
$500
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $25,425 · program services $25,425
-
7 · Other salaries and wages
total $37,277 · program services $37,277
-
10 · Payroll taxes
total $4,202 · program services $4,202
-
11c · Fees: accounting
total $62,900 · management and general $62,900
-
12 · Advertising and promotion
total $426 · program services $426
-
13 · Office expenses
total $33,654 · program services $27,976 · management and general $5,678
-
14 · Information technology
total $14,621 · program services $8,688 · management and general $5,933
-
16 · Occupancy
total $5,374 · management and general $5,374
-
17 · Travel
total $69,455 · program services $68,899 · management and general $556
-
19 · Conferences, conventions and meetings
total $356,190 · program services $354,689 · management and general $1,501
-
23 · Insurance
total $13,716 · management and general $13,716
-
24a · Other expenses: MISCELLANEOUS
total $5,424 · program services $2,894 · management and general $2,530
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $221,969 · end of year $74,171
-
2 · Savings and temporary cash investments
beginning of year $347,624 · end of year $366,264
-
4 · Accounts receivable
end of year $6,917
-
9 · Prepaid expenses and deferred charges
beginning of year $18,986 · end of year $58,869
-
10a · Land, buildings and equipment: cost or other basis
$109,757
-
10b · Land, buildings and equipment: accumulated depreciation
$109,757
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,441,644 · end of year $2,817,728
-
17 · Accounts payable and accrued expenses
beginning of year $35,547 · end of year $12,697
-
19 · Deferred revenue
beginning of year $25,000
-
27 · Net assets without donor restrictions
beginning of year $2,969,676 · end of year $3,311,252
Mission and programs · 2023
Mission
PUBLICATION OF BUSINESS TODAY MAGAZINE WHICH IS PUBLISHED BY STUDENTS FOR STUDENTS. ALSO, CONFERENCES ARE HELD TO EDUCATE THE ACADEMIC COMMUNITY IN THE PHILOSOPHY, OPERATION, AND MECHANICS OF THE BUSINESS AND PROFESSIONAL COMMUNITY.
Activities or mission (Part I)
EDUCATE THE ACADEMIC COMMUNITY IN PHILOSOPHY, OPERATION AND MECHANICS OF THE BUSINESS COMMUNITY.
-
CONFERENCES HELD TO EDUCATE THE ACADEMIC COMMUNITY IN THE PHILOSOPHY, OPERATION AND MECHANICS OF THE BUSINESS & PROF. COMMUNITY, SPONSORED BY CORPORATIONS AND ATTENDED BY STUDENTS & CORPORATE LEADERS.
Expenses $530,476 · Revenue $566,025
-
PUBLICATION OF BUSINESS TODAY MAGAZINE, PUBLISHED BY STUDENTS FOR THE BENEFIT OF STUDENTS
As filed on the 2023 return.
Listed in Part VII
-
Emerson TiwangEMERSON TIWANG
DIRECTOR OF FINANCE & CORPORATE CONTACTS
- Total calculated
- $6,039
- From this org
- $6,039
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Akshat AgarwalAKSHAT AGARWAL
PRESIDENT, BEGINNING DECEMBER 2023
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Braden LalinBRADEN LALIN
DIRECTOR OF INVESTMENTS
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Keletso RosenbergKELETSO ROSENBERG
DIRECTOR OF BOOST
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Grace HongGRACE HONG
CHAIR, BOARD OF TRUSTEES
- Total calculated
- $0
- Hours/week
- 3
-
Neel AjjarapuNEEL AJJARAPU
CHAIR, MANAGEMENT COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Albert ChoiALBERT CHOI
CHAIR, PROGRAMMING COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Beau ThomasBEAU THOMAS
CHAIR, FINANCE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
Alison LeeALISON LEE
PRESIDENT, UNTIL DECEMBER 2023
- Total calculated
- $0
- Hours/week
- 10
-
Alan DeutschmanALAN DEUTSCHMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carmen Maria GabbeCARMEN MARIA GABBE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ron GonenRON GONEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alanna GregoryALANNA GREGORY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Colleen KangCOLLEEN KANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael KratsiosMICHAEL KRATSIOS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sowon LeeSOWON LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Melissa PaschallMELISSA PASCHALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ankur PatelANKUR PATEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julio RojasJULIO ROJAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael ShortMICHAEL SHORT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stone YangSTONE YANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chana MittyCHANA MITTY
CO-DIRECTOR OF DESIGN NATION
- Total calculated
- $0
- Hours/week
- 2
-
David TangDAVID TANG
DIRECTOR OF OPERATIONS
- Total calculated
- $0
- Hours/week
- 2
-
Jack OsebackJACK OSEBACK
DIRECTOR OF CONTENT
- Total calculated
- $0
- Hours/week
- 2
-
Julia YingJULIA YING
DIRECTOR OF DESIGN
- Total calculated
- $0
- Hours/week
- 4
-
Leilani JohnsonLEILANI JOHNSON
DIRECTOR OF SEMINARS
- Total calculated
- $0
- Hours/week
- 4
-
Mia MedicMIA MEDIC
DIRECTOR OF STRATEGY
- Total calculated
- $0
- Hours/week
- 2
-
Samiksha GaherwarSAMIKSHA GAHERWAR
DIRECTOR OF THE INTERNATIONAL CONFERENCE
- Total calculated
- $0
- Hours/week
- 10
-
Sara ShiffSARA SHIFF
DIRECTOR OF HUMAN CAPITAL
- Total calculated
- $0
- Hours/week
- 6
-
Sophia ChenSOPHIA CHEN
CO-DIRECTOR OF DESIGN NATION
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie TangSTEPHANIE TANG
DIRECTOR OF MEDIA & MARKETING
- Total calculated
- $0
- Hours/week
- 3
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
- 19 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433249349301358
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