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← FLORENCE BERNARD-ALTA MILLER SCHOLARSHIP TRUST FUND

Form 990 for tax year 2023

Filed by FLORENCE BERNARD-ALTA MILLER SCHOLARSHIP TRUST FUND.

Totals

Total revenue
$338,239
Total expenses
$149,694
Contributions and grants received
$308,340
Grants paid
$104,392
Program service revenue
$0
Investment income
$19,413
Other revenue
$10,486
Total assets, end of year
$2,323,752
Total liabilities, end of year
$9,744
Net assets or fund balances, end of year
$2,314,008
Program services expenses (Part IX)
$104,392
Management and general expenses
$45,302
Fundraising expenses
$0
Program service expenses (Part III)
$104,392

Program services were 69.7% 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

    $308,340

  • 3 · Investment income

    total $19,029 · excluded $19,029

  • 7a · Gross sales of assets other than inventory

    securities $384

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

    securities $0

  • 7c · Gain or loss

    securities $384

  • 7d · Net gain or loss

    total $384 · excluded $384

  • 10a · Gross sales of inventory

    $8,611

  • 10b · Cost of goods sold

    $3,125

  • 10c · Net income from sales of inventory

    total $5,486 · related or exempt $5,486

  • 11a · Other revenue: RETURNED CHECK

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $5,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $104,392 · program services $104,392

  • 11c · Fees: accounting

    total $9,422 · management and general $9,422

  • 11f · Fees: investment management

    total $6,342 · management and general $6,342

  • 13 · Office expenses

    total $29,538 · management and general $29,538

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $653,055 · end of year $879,265

  • 4 · Accounts receivable

    beginning of year $48,945 · end of year $38,892

  • 8 · Inventories for sale or use

    beginning of year $6,875 · end of year $3,750

  • 11 · Investments: publicly traded securities

    beginning of year $653,365 · end of year $726,157

  • 12 · Investments: other securities

    beginning of year $694,434 · end of year $673,712

  • 15 · Other assets

    beginning of year $1,338 · end of year $1,976

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,990 · end of year $903

  • 25 · Other liabilities

    beginning of year $0 · end of year $8,841

  • 27 · Net assets without donor restrictions

    beginning of year $2,056,022 · end of year $2,314,008

Mission and programs · 2023

Mission

TO PROVIDE CHILDREN AND MEMBERS OF THE INTL. ASSOC. OF HEAT & FROST INSULATORS & ASBESTOS WORKERS WITH SCHOLARSHIP ASSISTANCE.

Activities or mission (Part I)

TO PROVIDE SCHOLARSHIP ASSISTANCE TO MEMBERS AND CHILDREN OF THE INTERNATIONAL UNION.

  • TO PROVIDE CHILDREN AND MEMBERS OF THE INTL. ASSOC. OF HEAT & FROST INSULATORS & ASBESTOS WORKERS WITH SCHOLARSHIP ASSISTANCE.

    Expenses $104,392 · Grants $104,392 · Revenue $10,870

As filed on the 2023 return.

Listed in Part VII

  • ROBERT REAP

    TRUSTEE

    Total calculated
    $412,589
    From this org
    $0
    From related orgs
    $365,204
    Other
    $47,385
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $365,204 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,572 related
    Nontaxable benefits
    $0 + $24,813 related
    Filer's total
    $0 + $412,589 related

  • TERRENCE LARKIN

    TRUSTEE

    Total calculated
    $480,736
    From this org
    $0
    From related orgs
    $424,448
    Other
    $56,288
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,448 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,572 related
    Nontaxable benefits
    $0 + $33,716 related
    Filer's total
    $0 + $480,736 related

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

None.

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

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.

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
2023
Filed
11 October 2024
IRS schema version
2023v5.1
Source object
202402859349301685

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