Dps Scholarship Foundation: Nonprofit Profile, Financials & Form 990 (EIN 56-1514212)

Provide scholarships to middle income student graduates of durham public schools attending post-secondary education institutions. Students are selected based on applications.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-1514212) · Dispute this line

$4Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2023

Finish Line Youth Foundation INCFY2023$1K

Total grants receivedfrom 1 funder$1K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$62K

Ln 12

Investment incomeLn 3$35K

Gifts and grantsLn 1h$25K

Fees for servicesLn 2g$2K

Money outPt IX

$4K

Ln 25

Programscol B$4K

Owns and owesPt X

$793K

net assets · Ln 32

Cash and savingsLn 1–2−$19K

Total assetsLn 16$793K

LiabilitiesLn 26$0

PeoplePt VI, VII

11

listed · VII A

PaidVII A0

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$25K

Fees for servicesLn 2g$2K

Investment incomeLn 3$35K

Total revenueLn 12$62K

Assets in detailPt X, end of year

CashLn 1−$19K

Cash and savings togetherLn 1–2−$19K

InvestmentsLn 11–13$802K

Other assetsLn 15$10K

Total assetsLn 16$793K

LiabilitiesLn 26$0

Net assetsLn 32$793K

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$10K	−$19K
InvestmentsLn 11–13	$774K	$802K
Total assetsLn 16	$785K	$793K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$785K	$793K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$15	$15
Office expensesLn 13	$1K	$1K
InsuranceLn 23	$823	$823
Other expenses (24a–d)Ln 24	$2K	$2K
Total functional expensesLn 25	$4K	$4K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest ViewingFiled with the IRS May 16, 2021	$62K	$4K	$58K	$793K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2020 990

Part I · Summary $62,121 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $14,392$25,200

I-9 Program service revenuePrior year $55,278$2,375

I-10 Investment incomePrior year $39,143$34,546

I-11 Other revenue$0

I-12 Total revenuePrior year $108,813$62,121

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $87,012$3,759

I-18 Total expensesPrior year $87,012$3,759

I-19 Revenue less expensesPrior year $21,801$58,362

Part VI · Governance 11 of 11 board members independent, 4 to look at

VI-1a Voting members of the governing body11

VI-1b Independent voting members11

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $62,121 across 5 lines filed

VIII-1f All other contributions, gifts and grants$25,200

VIII-1h Total contributions, gifts and grants$25,200

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $2,375$2,375

VIII-3 Investment incomeExcluded from tax $34,546$34,546

VIII-12 Total revenueExcluded from tax $36,921$62,121

Part IX · Statement of functional expenses $3,759 across 4 lines filed

IX-11g Other fees for servicesPrograms $15$15

IX-13 Office expensesPrograms $1,083$1,083

IX-23 InsurancePrograms $823$823

IX-24 Other expenses (24a–d)Programs $1,838$1,838

IX-25 Total functional expensesPrograms $3,759 · Management $0 · Fundraising $0$3,759

Part X · Balance sheet $792,864 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $10,424−$18,761

X-11 Publicly traded securitiesStart of year $774,079$801,625

X-15 Other assets$10,000

X-16 Total assetsStart of year $784,503$792,864

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $27,069$16,455

X-28 Net assets with donor restrictionsStart of year $757,434$776,409

X-32 Total net assets or fund balancesStart of year $784,503$792,864

X-33 Total liabilities and net assetsStart of year $784,503$792,864

Part XI · Reconciliation of net assets $792,864 net assets at year end

XI-1 Total revenue$62,121

XI-2 Total expenses$3,759

XI-3 Revenue less expenses$58,362

XI-4 Net assets at start of year$784,503

XI-5 Net unrealized gains (losses) on investments−$50,001

XI-10 Net assets at end of year$792,864

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Dps Scholarship Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Dps Scholarship Foundation