North Scott Educational Foundation FY2022 filing

Tax-deductible

Eldridge, IA501(c)(3)EducationEIN 42-1255950

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To provide scholarship money for students graduating from North Scott High School.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $242K a year · 62% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
152 mo
of spending, in cash
Looks good: 151.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $28K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$100K
-115% vs prior year
Spent
$152K
To programs
86%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
−$100K
FY2022▼ -115%
Revenue by fiscal year
FY2021$648K
FY2022−$100K
FY2023$268K
FY2024$385K
FY2025$769K
Expenses
$152K
FY2022▲ +1.0%
Expenses by fiscal year
FY2021$151K
FY2022$152K
FY2023$139K
FY2024$151K
FY2025$165K
Net assets
$1.9M
FY2022▼ -14%
Net assets by fiscal year
FY2021$2.2M
FY2022$1.9M
FY2023$2.0M
FY2024$2.3M
FY2025$2.9M

From the FY2022 Form 990 (year ending June 2022) · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $132K Management & general 14% · $21K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
See North Scott Educational Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to graduating North Scott High School students.

Provided by the organization

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1 program service account for $132K of program spending, described in the organization's own filed words · FY2021.
01

Scholarships & Grants

$132Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$28K
See all 3 funders →
Grants paid · 3 grants · $392K · 2021–2024
Unitemized GrantFY2024$145,050
Unitemized GrantFY2022$115,000
Unitemized GrantFY2021$131,817

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
−$100K
Ln 12
Gifts and grantsLn 1h$78K
Investment incomeLn 3−$232K
Money outPt IX
$152K
Ln 25
Programscol B$132K
Managementcol C$21K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Investment incomeLn 3−$232K
Gains on assetsLn 7$54K
Total revenueLn 12−$100K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.2M$1.9M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.2M$1.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.2M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$132K$132K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$525$525
Accounting feesLn 11c$863$863
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$18K$18K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$250$250
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$708$708
All other expensesLn 24e$26$26
Total functional expensesLn 25$152K$132K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $769K$165K$604K$2.9M 990 PDF
FY2024 $385K$151K$235K$2.3M 990 PDF
FY2023 $268K$139K$129K$2.0M 990 PDF
FY2022 Viewing −$100K$152K−$253K$1.9M 990 PDF
FY2021 $648K$151K$497K$2.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue −$100,057 across 8 lines filed
VIII-1f All other contributions, gifts and grants$78,156
VIII-1h Total contributions, gifts and grants$78,156
VIII-3 Investment incomeRelated to mission −$232,363−$232,363
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $54,150$54,150
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission −$178,213−$100,057
Part IX · Statement of functional expenses $152,480 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $131,817$131,817
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $525$525
IX-11c Accounting feesManagement $863$863
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $18,291$18,291
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $250$250
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $708$708
IX-24e All other expensesManagement $26$26
IX-25 Total functional expensesPrograms $131,817 · Management $20,663 · Fundraising $0$152,480
Part X · Balance sheet $1,925,502 assets, 16 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $2,178,039$1,925,502
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,178,039$1,925,502
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,178,039$1,925,502
X-33 Total liabilities and net assetsStart of year $2,178,039$1,925,502
Part XI · Reconciliation of net assets $1,925,502 net assets at year end
XI-1 Total revenue−$100,057
XI-2 Total expenses$152,480
XI-3 Revenue less expenses−$252,537
XI-4 Net assets at start of year$2,178,039
XI-10 Net assets at end of year$1,925,502

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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