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← SPRING HILL COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by SPRING HILL COLLEGE FOUNDATION.

Totals

Total revenue
$53,579
Total expenses
$31,228
Contributions and grants received
$0
Grants paid
$25,000
Program service revenue
$0
Investment income
$3,473
Other revenue
$50,106
Total assets, end of year
$266,810
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$266,810
Program services expenses (Part IX)
$25,000
Management and general expenses
$6,228
Fundraising expenses
$0
Program service expenses (Part III)
$25,000

Program services were 80.1% 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.

  • 3 · Investment income

    total $3,473 · excluded $3,473

  • 6a · Gross rents

    real property $504

  • 6b · Less rental expenses

    real property $398

  • 6c · Rental income or loss

    real property $106

  • 6d · Net rental income or loss

    total $106 · excluded $106

  • 11a · Other revenue: PURCHASE OPTION

    total $50,000 · excluded $50,000

  • 11e · Other revenue, total

    $50,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 5 · Compensation of officers, directors and key employees

    total $1,473 · management and general $1,473

  • 11c · Fees: accounting

    total $1,250 · management and general $1,250

  • 24a · Other expenses: PROPERTY TAXES

    total $3,505 · management and general $3,505

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $91,441

  • 2 · Savings and temporary cash investments

    beginning of year $61,800 · end of year $34,149

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

    $138,216

  • 10c · Land, buildings and equipment, net

    beginning of year $138,216 · end of year $138,216

  • 15 · Other assets

    beginning of year $3,004 · end of year $3,004

  • 29 · Capital stock, trust principal or current funds

    beginning of year $203,020 · end of year $266,810

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE FOUNDATION CONSISTS OF AN ASSET TRUST WHOSE ONLY INCOME BENEFICIARY IS SPRING HILL COLLEGE, A NOT-FOR-PROFIT ORGANIZATION.

  • SPRING HILL COLLEGE - INCOME DISTRIBUTED FOR THE BENEFIT OF SPRING HILL COLLEGE (AN EXEMPT ORGANIZATION.

    Expenses $25,000 · Grants $25,000

As filed on the 2023 return.

Listed in Part VII

  • Regions Bank

    TRUSTEE

    Total calculated
    $1,473
    From this org
    $1,473
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Margaret Rolando

    BOARD OF GOV.

    Total calculated
    $0
    Hours/week
    2

  • John F McKinney

    BOARD OF GOV.

    Total calculated
    $0
    Hours/week
    2

  • Rev Christopher Viscardi Sj

    BOARD OF GOV.

    Total calculated
    $0
    Hours/week
    2

  • Mary Van Brunt PhD

    BOARD OF GOV. - PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Christopher P Puto PhD

    BOARD OF GOV.

    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

  • SPRING HILL COLLEGE

    $25,000

    THE FOUNDATION CONSISTS OF AN ASSET TRUST WHOSE ONLY INCOME BENEFICIARY IS SPRING HILL COLLEGE, A NOT-FOR-PROFIT ORGANIZATION.

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
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202531349349302918

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