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← FLEISCHER SCHOLARS FOUNDATION

Form 990 for tax year 2024

Filed by FLEISCHER SCHOLARS FOUNDATION.

Totals

Total revenue
$309,939
Total expenses
$1,386,529
Contributions and grants received
$250,000
Grants paid
$688,478
Program service revenue
$0
Investment income
$59,910
Other revenue
$29
Total assets, end of year
$727,159
Total liabilities, end of year
$354
Net assets or fund balances, end of year
$726,805
Program services expenses (Part IX)
$1,324,159
Management and general expenses
$62,370
Fundraising expenses
$0
Program service expenses (Part III)
$1,324,159

Program services were 95.5% 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

    $250,000

  • 3 · Investment income

    total $59,910 · excluded $59,910

  • 11a · Other revenue: OTHER INCOME

    total $29 · related or exempt $29

  • 11e · Other revenue, total

    $29

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $688,478 · program services $688,478

  • 7 · Other salaries and wages

    total $41,876 · program services $20,938 · management and general $20,938

  • 10 · Payroll taxes

    total $3,246 · program services $1,623 · management and general $1,623

  • 11b · Fees: legal

    total $32,020 · program services $11,857 · management and general $20,163

  • 11c · Fees: accounting

    total $19,055 · management and general $19,055

  • 11g · Fees: other

    total $565,457 · program services $565,457

  • 17 · Travel

    total $18,268 · program services $18,268

  • 24a · Other expenses: SUPPLIES AND OTHER

    total $13,482 · program services $13,482

  • 24b · Other expenses: VIDEO PRODUCTION

    total $3,465 · program services $3,465

  • 24c · Other expenses: PAYROLL FEES

    total $1,182 · program services $591 · management and general $591

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,303 · end of year $65,316

  • 2 · Savings and temporary cash investments

    beginning of year $1,702,092 · end of year $611,843

  • 3 · Pledges and grants receivable

    beginning of year $125,000 · end of year $50,000

  • 17 · Accounts payable and accrued expenses

    end of year $354

  • 27 · Net assets without donor restrictions

    beginning of year $1,753,395 · end of year $676,805

  • 28 · Net assets with donor restrictions

    beginning of year $125,000 · end of year $50,000

Mission and programs · 2024

Mission

THE FOUNDATION'S PRIMARY PURPOSE IS TO RAISE FUNDS FOR THE PROMOTION AND DEVELOPMENT OF THE SCHOLARS PROGRAM BY PARTNERING WITH COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES.

  • THE SCHOLARS PROGRAM WORKS WITH HIGH SCHOOL STUDENTS TO ENCOURAGE ENTREPRENEURIAL SPIRIT AND AN UNDERSTANDING OF THE CAPITALIST PHILOSOPHY OF THE ECONOMIC SYSTEM IN THE UNITED STATES BY PARTNERING WITH COLLEGES AND UNIVERSITIES ACROSS THE UNITED STATES. THE PURPOSE IS TO BRING ECONOMICALLY DISADVANTAGED YOUTHS INTO THE MAINSTREAM OF AMERICAN SOCIETY.

    Expenses $1,324,159 · Grants $688,478 · Revenue $29

As filed on the 2024 return.

Listed in Part VII

  • Morton Fleischer

    CEO/CHAIRMAN/TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Melissa Trujillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Washburn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Head

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Quentin Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Hillman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Belitz

    VICE PRESIDENT & SECRETARY

    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

Provenance

Return type
form_990
Tax year
2024
Filed
25 July 2025
IRS schema version
2024v5.2
Source object
202522239349301732

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