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Nonprofiteer
← ASCEND1

Form 990 for tax year 2025

Filed by ASCEND1.

Totals

Total revenue
$432,041
Total expenses
$268,847
Contributions and grants received
$405,842
Grants paid
$158,418
Program service revenue
$0
Investment income
$21,536
Other revenue
$4,663
Total assets, end of year
$851,134
Total liabilities, end of year
$2,225
Net assets or fund balances, end of year
$848,909
Program services expenses (Part IX)
$158,418
Management and general expenses
$60,429
Fundraising expenses
$50,000
Program service expenses (Part III)
$158,418

Program services were 58.9% 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

    $405,842

  • 1g · Noncash contributions included above

    $26,792

  • 3 · Investment income

    total $19,060 · excluded $19,060

  • 7a · Gross sales of assets other than inventory

    securities $16,678

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

    securities $14,202

  • 7c · Gain or loss

    securities $2,476

  • 7d · Net gain or loss

    total $2,476 · excluded $2,476

  • 11a · Other revenue: Currency Conversion Ga

    total $4,663 · excluded $4,663

  • 11e · Other revenue, total

    $4,663

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $35,740 · program services $35,740

  • 3 · Grants to foreign organizations and individuals

    total $122,678 · program services $122,678

  • 11c · Fees: accounting

    total $7,112 · management and general $7,112

  • 11e · Fees: professional fundraising services

    total $50,000 · fundraising $50,000

  • 11f · Fees: investment management

    total $1,610 · management and general $1,610

  • 13 · Office expenses

    total $10,974 · management and general $10,974

  • 14 · Information technology

    total $12,958 · management and general $12,958

  • 17 · Travel

    total $25,593 · management and general $25,593

  • 19 · Conferences, conventions and meetings

    total $267 · management and general $267

  • 22 · Depreciation, depletion and amortization

    total $358 · management and general $358

  • 24a · Other expenses: Taxes

    total $995 · management and general $995

  • 24b · Other expenses: Miscellaneous

    total $562 · management and general $562

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $384,021 · end of year $440,389

  • 3 · Pledges and grants receivable

    beginning of year $1,050

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,740 · end of year $23,600

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

    $5,520

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

    $3,038

  • 10c · Land, buildings and equipment, net

    beginning of year $2,771 · end of year $2,482

  • 11 · Investments: publicly traded securities

    beginning of year $241,474 · end of year $384,663

  • 15 · Other assets

    beginning of year $1,527 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $681

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,544

  • 27 · Net assets without donor restrictions

    beginning of year $654,583 · end of year $848,909

Mission and programs · 2025

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 $158,418 · Grants $158,418

As filed on the 2025 return.

Listed in Part VII

  • Brett H Weiss

    Executive Director/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
    2
  • 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
2025
Filed
4 August 2026
IRS schema version
2025v4.2
Source object
202612169349301851

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