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Form 990 for tax year 2023

Filed by ASCEND1.

Totals

Total revenue
$280,680
Total expenses
$182,427
Contributions and grants received
$279,194
Grants paid
$140,130
Program service revenue
$0
Investment income
$1,486
Other revenue
$0
Total assets, end of year
$450,855
Total liabilities, end of year
$7,000
Net assets or fund balances, end of year
$443,855
Program services expenses (Part IX)
$140,130
Management and general expenses
$42,297
Fundraising expenses
$0
Program service expenses (Part III)
$140,130

Program services were 76.8% 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

    $279,194

  • 3 · Investment income

    total $1,486 · excluded $1,486

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $23,145 · program services $23,145

  • 3 · Grants to foreign organizations and individuals

    total $116,985 · program services $116,985

  • 11g · Fees: other

    total $8,740 · management and general $8,740

  • 12 · Advertising and promotion

    total $901 · management and general $901

  • 13 · Office expenses

    total $4,101 · management and general $4,101

  • 14 · Information technology

    total $11,958 · management and general $11,958

  • 17 · Travel

    total $13,714 · management and general $13,714

  • 19 · Conferences, conventions and meetings

    total $2,081 · management and general $2,081

  • 22 · Depreciation, depletion and amortization

    total $406 · management and general $406

  • 24a · Other expenses: Loss on Currency Conver

    total $396 · management and general $396

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,299 · end of year $188,630

  • 2 · Savings and temporary cash investments

    beginning of year $62,639

  • 3 · Pledges and grants receivable

    end of year $1,419

  • 4 · Accounts receivable

    beginning of year $67,644

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,180 · end of year $60,412

  • 10a · Land, buildings and equipment: cost or other basis

    $5,520

  • 10b · Land, buildings and equipment: accumulated depreciation

    $406

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $5,114

  • 11 · Investments: publicly traded securities

    beginning of year $129,453 · end of year $195,280

  • 17 · Accounts payable and accrued expenses

    end of year $7,000

  • 27 · Net assets without donor restrictions

    beginning of year $341,215 · end of year $443,855

Mission and programs · 2023

Mission

The Weiss Scholarship Foundation's mission is to empower the children throughout Kenya by ensuring they have access to a great education.

  • Provided the funds to educate high school students, university students, and students in vocational schools in Kenya.

    Expenses $140,130 · Grants $140,130

As filed on the 2023 return.

Listed in Part VII

  • Brett Henry Weiss

    Executive Director and Secretary

    Total calculated
    $0
    Hours/week
    60
  • Eugene A Trainor III

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Warren M Weiss

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Robin Zvonek

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Susan Anyango Kigamwa

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • John Knobloch

    Board Member

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
16 September 2024
IRS schema version
2023v5.1
Source object
202442609349301559

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