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Nonprofiteer
← VSGA-VIP SCHOLARSHIP FOUNDATION

Form 990 for tax year 2024

Filed by VSGA-VIP SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$447,895
Total expenses
$233,397
Contributions and grants received
$371,820
Grants paid
$169,500
Program service revenue
$0
Investment income
$76,075
Other revenue
$0
Total assets, end of year
$3,686,454
Total liabilities, end of year
$10,160
Net assets or fund balances, end of year
$3,676,294
Program services expenses (Part IX)
$189,205
Management and general expenses
$44,192
Fundraising expenses
$0
Program service expenses (Part III)
$189,205

Program services were 81.1% 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.

  • 1d · Related organizations

    $198,863

  • 1f · All other contributions, gifts and grants

    $172,957

  • 3 · Investment income

    total $67,362 · excluded $67,362

  • 7a · Gross sales of assets other than inventory

    securities $689,046

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

    securities $680,333

  • 7c · Gain or loss

    securities $8,713

  • 7d · Net gain or loss

    total $8,713 · excluded $8,713

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $169,500 · program services $169,500

  • 11a · Fees: management

    total $28,000 · management and general $28,000

  • 11c · Fees: accounting

    total $5,350 · management and general $5,350

  • 11f · Fees: investment management

    total $10,614 · management and general $10,614

  • 13 · Office expenses

    total $189 · program services $189

  • 14 · Information technology

    total $6,803 · program services $6,803

  • 19 · Conferences, conventions and meetings

    total $9,748 · program services $9,748

  • 24a · Other expenses: SUPPLIES

    total $2,965 · program services $2,965

  • 24b · Other expenses: LICENSES

    total $225 · management and general $225

  • 24c · Other expenses: BANK CHARGES

    total $3 · management and general $3

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $204,761 · end of year $418,840

  • 3 · Pledges and grants receivable

    end of year $103,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,833 · end of year $5,053

  • 11 · Investments: publicly traded securities

    beginning of year $2,911,185 · end of year $3,138,975

  • 15 · Other assets

    beginning of year $44,515 · end of year $20,586

  • 18 · Grants payable

    beginning of year $23,527 · end of year $10,160

  • 27 · Net assets without donor restrictions

    beginning of year $2,882,655 · end of year $3,280,257

  • 28 · Net assets with donor restrictions

    beginning of year $258,112 · end of year $396,037

Mission and programs · 2024

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS TO AMATEUR GOLFERS BASED UPON ACADEMIC EXCELLENC, ECONOMIC NEED, AND SUPPORT AND CONNECTION TO GOLF IN VIRGINIA.

  • THE FOUNDATION AWARDED SCHOLARSHIPS TO AMATEUR GOLFERS WHO ARE VIRGINIA RESIDENTS ATTENDING COLLEGE BASED UPON ACADEMIC EXCELLENCE, ECONOMIC NEED, AND SUPPORT OF GOLF IN VIRGINIA.

    Expenses $189,205 · Grants $169,500

As filed on the 2024 return.

Listed in Part VII

  • Joan Gardner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Somsak Chivavibul

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • Jack Walker

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Mason Dirickson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Anne Greever

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • Craig Groenendaal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • Kristine Clites

    DIRECTOR

    Total calculated
    $72,095
    From this org
    $0
    From related orgs
    $68,129
    Other
    $3,966
    Hours/week
    2
  • Elizabeth Brightwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

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
2024
Filed
26 June 2025
IRS schema version
2024v5.2
Source object
202521979349300422

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