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← MARTA & EVERT NOLTEN SCHOOL FOUNDATION TUA 41-B924-00-3

Form 990 for tax year 2024

Filed by MARTA & EVERT NOLTEN SCHOOL FOUNDATION TUA 41-B924-00-3.

Totals

Total revenue
$373,130
Total expenses
$265,553
Contributions and grants received
$0
Grants paid
$218,805
Program service revenue
$0
Investment income
$373,130
Other revenue
$0
Total assets, end of year
$3,770,179
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,770,179
Program services expenses (Part IX)
$218,805
Management and general expenses
$46,748
Fundraising expenses
$0
Program service expenses (Part III)
$218,805

Program services were 82.4% 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.

  • 3 · Investment income

    total $114,921 · excluded $114,921

  • 7a · Gross sales of assets other than inventory

    securities $1,449,879

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

    securities $1,191,670

  • 7c · Gain or loss

    securities $258,209

  • 7d · Net gain or loss

    total $258,209 · excluded $258,209

  • 11a · Other revenue: CASH IN LIEU OF SHARES

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $218,805 · program services $218,805

  • 5 · Compensation of officers, directors and key employees

    total $32,049 · management and general $32,049

  • 11c · Fees: accounting

    total $1,300 · management and general $1,300

  • 11f · Fees: investment management

    total $9,899 · management and general $9,899

  • 11g · Fees: other

    total $3,500 · management and general $3,500

  • 24a · Other expenses: INVESTMENT EXPENSES

  • 24b · Other expenses: FOREIGN TAXES

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $117,037 · end of year $140,382

  • 11 · Investments: publicly traded securities

    beginning of year $3,548,225 · end of year $3,629,797

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,665,262 · end of year $3,770,179

Mission and programs · 2024

Mission

DISTRIBUTE THE ENTIRE NET INCOME OF THE TRUST IN SUPPORT OF THE UNIVERSITY OF SOUTH FLORIDA FOUNDATION, INC. FUND FOR A PERMANENT ENDOWMENT FOR SCHOLARSHIPS.

  • PROVIDE FULL FINANCIAL SUPPORT TO STUDENTS ATTENDING THE UNIVERSITY OF SOUTH FLORIDA. THE SCHOLARSHIPS ARE RESTRICTED TO FLORIDA RESIDENTS AND ARE BASED ON FINANCIAL NEED.

    Expenses $218,805 · Grants $218,805

As filed on the 2024 return.

Listed in Part VII

  • Regions Bank Trust Department

    TRUSTEE

    Total calculated
    $32,049
    From this org
    $32,049
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Usf Foundation Inc

    TRUSTEE

    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

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
28 April 2025
IRS schema version
2024v5.1
Source object
202511329349302301

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