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Nonprofiteer
← RF 75 SCHOLARSHIP FOUNDATION

Form 990 for tax year 2024

Filed by RF 75 SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$321,047
Total expenses
$1,499,376
Contributions and grants received
$296,617
Grants paid
$1,207,174
Program service revenue
$0
Investment income
$24,430
Other revenue
$0
Total assets, end of year
$61
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$61
Program services expenses (Part IX)
$1,498,535
Management and general expenses
$841
Fundraising expenses
$0
Program service expenses (Part III)
$1,498,535

Program services were 99.9% 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

    $296,617

  • 3 · Investment income

    total $24,430 · related or exempt $24,430

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,207,174 · program services $1,207,174

  • 11g · Fees: other

    total $291,478 · program services $290,712 · management and general $766

  • 13 · Office expenses

    total $573 · program services $573

  • 19 · Conferences, conventions and meetings

    total $151 · program services $76 · management and general $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,178,390 · end of year $61

  • 27 · Net assets without donor restrictions

    beginning of year $1,178,390 · end of year $61

Mission and programs · 2024

Mission

TO RAISE FINANCIAL SUPPORT TO ENABLE THE UNDERSERVED COMMUNITY OF SOUTH TEXAS TO RECEIVE HIGHER EDUCATION WITH AN EMPHASIS ON TRADE SCHOOLS AND TO SUPPORT OTHER NONPROFITS WITH A SIMILAR MISSION.

  • THE ORGANIZATION USES THESE EXPENSES TO HELP RAISE FUNDS TO PROVIDE HIGHER EDUCATION SCHOLARSHIPS TO THE UNDERSERVED COMMUNITY IN SOUTH TEXAS. IT ALSO USES THESE FUNDS TO SUPPORT OTHER NONPROFITS THAT RAISE FUNDS FOR THE SAME PURPOSE.

    Expenses $1,498,535 · Grants $1,207,174

As filed on the 2024 return.

Listed in Part VII

  • John McFadden

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Stephanie Nemec

    TREASURER

    Total calculated
    $0
    Hours/week
    5

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
12 November 2025
IRS schema version
2024v5.0
Source object
202503189349313115

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