Api Scholarship Fund FY2023 filing

Tax-deductible

Liberal, KS501(c)(3)Since 2000EIN 48-0873845

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Providing academic scholarships to students to continue their education

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 6
filings with a surplus
Average deficit $12K a year · 189% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
57 mo
of spending, in cash
Looks good: 57.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$19K
+18% vs prior year
Spent
$18K
To programs
91%
Net assets
$84K
By yearFY2020–FY2025
Revenue
−$19K
FY2023▲ +18%
Revenue by fiscal year
FY2020$17K
FY2021$21K
FY2022−$23K
FY2023−$19K
FY2024$33K
FY2025$10K
Expenses
$18K
FY2023▼ -1%
Expenses by fiscal year
FY2020$3K
FY2021$20K
FY2022$18K
FY2023$18K
FY2024$35K
FY2025$21K
Net assets
$84K
FY2023▼ -30%
Net assets by fiscal year
FY2020$159K
FY2021$160K
FY2022$120K
FY2023$84K
FY2024$82K
FY2025$71K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Jun 1978.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $16K Management & general 9% · $2K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Api Scholarship Fund 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

Offers academic scholarships to help students continue their education.

Provided by the organization

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1 program · $16K · in their own filed words · FY2023
01

Academic scholarships at $1,000 each are given for the spring, summer & fall semesters

$16Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $39K · 2020–2022
Unitemized GrantFY2022$16,000
Unitemized GrantFY2021$20,000
Unitemized GrantFY2020$3,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
−$19K
Ln 12
Investment incomeLn 3$4K
Money outPt IX
$18K
Ln 25
Programscol B$16K
Managementcol C$2K
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$4K
Gains on assetsLn 7−$22K
Total revenueLn 12−$19K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$76K
Cash and savings togetherLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$120K$84K
Total assetsLn 16$120K$84K
LiabilitiesLn 26$0$0
Net assetsLn 32$120K$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$16K$16K
Investment management feesLn 11f$2K$2K
Total functional expensesLn 25$18K$16K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10K$21K−$11K$71K 990 PDF
FY2024 $33K$35K−$2K$82K 990 PDF
FY2023 Viewing −$19K$18K−$36K$84K 990 PDF
FY2022 −$23K$18K−$40K$120K 990 PDF
FY2021 $21K$20K$816$160K 990 PDF
FY2020 $17K$3K$14K$159K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue −$18,568 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $3,837$3,837
VIII-7 Net gain or loss on sales of assetsRelated to mission −$22,291−$22,291
VIII-8 Net income from fundraising eventsExcluded from tax −$114−$114
VIII-12 Total revenueRelated to mission −$22,291 · Unrelated business $0 · Excluded from tax $3,723−$18,568
Part IX · Statement of functional expenses $17,576 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $16,000$16,000
IX-11f Investment management feesManagement $1,576$1,576
IX-25 Total functional expensesPrograms $16,000 · Management $1,576 · Fundraising $0$17,576
Part X · Balance sheet $83,686 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $4,444$7,331
X-2 Savings and temporary cash investmentsStart of year $115,386$76,355
X-16 Total assetsStart of year $119,830$83,686
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $119,830$83,686
X-33 Total liabilities and net assetsStart of year $119,830$83,686
Part XI · Reconciliation of net assets $83,686 net assets at year end
XI-1 Total revenue−$18,568
XI-2 Total expenses$17,576
XI-3 Revenue less expenses−$36,144
XI-4 Net assets at start of year$119,830
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$83,686

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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