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Sqc INC FY2023 filing

Tax-deductible

Selma, AL501(c)(3)Since 1999Foundations & Grantmakers EIN 63-1229687Revenue $48K in FY2023

On file with the IRSselmaquarterback.orgPo Box 387, 36702-0387 · Selma, ALTax-exempt since Oct 2000Publicly supported — 509(a)(2)

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To provide collegiate academic scholarships to outstanding high school student athletes in the dallas couty, alabama area.

501(c)(3) charity; gifts are tax-deductible.
92¢ 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
6 of 6
filings with a surplus
Average surplus $18K a year · 32% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Plus $194K in investments, Pt X · Ln 11–13
Looks good: 25.0 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
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48K
-17% vs prior year
Spent
$38K
To programs
92%
Net assets
$274K
By yearFY2020–FY2025
Revenue
$48K
FY2023▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$24K
FY2021$61K
FY2022$57K
FY2023$48K
FY2024$71K
FY2025$81K
Expenses
$38K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$16K
FY2021$27K
FY2022$37K
FY2023$38K
FY2024$48K
FY2025$66K
Net assets
$274K
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$211K
FY2021$244K
FY2022$265K
FY2023$274K
FY2024$296K
FY2025$311K

From the FY2023 Form 990 · see the original

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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 Oct 2000.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $35K Management & general 8% · $3K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Bob Frazer
President/Ca
$0Pt VII · Sec A
Perry Woodruff
Past Captain
$0Pt VII · Sec A
Ray Hogg
Director
$0Pt VII · Sec A
Gus Colvin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
John Friday
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sqc INC 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

Awarding college scholarships to talented high school athletes in Dallas County, Alabama.

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Provided by the organization

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1 program · $35K · in their own filed words · FY2023
01

To provide collegiate academic scholarships to outstanding high school student athletes in the dallas county, alabama area.

$35Kprogram 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 · 6 grants · $88K · 2020–2025
Unitemized GrantFY2025$15,000
Unitemized GrantFY2024$15,500
Unitemized GrantFY2023$16,000
Unitemized GrantFY2022$15,000
Unitemized GrantFY2021$13,000
Unitemized GrantFY2020$13,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$48K
Ln 12
Other incomeLn 4–11$19K
Fees for servicesLn 2g$15K
Investment incomeLn 3$13K
Money outPt IX
$38K
Ln 25
Programscol B$35K
Managementcol C$3K
Owns and owesPt X
$274K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$274K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$15K
Investment incomeLn 3$13K
Other incomeLn 4–11$19K
Gains on assetsLn 7$11K
Total revenueLn 12$48K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$63K
Cash and savings togetherLn 1–2$80K
InvestmentsLn 11–13$194K
Total assetsLn 16$274K
LiabilitiesLn 26$0
Net assetsLn 32$274K
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
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$84K$80K
InvestmentsLn 11–13$181K$194K
Total assetsLn 16$265K$274K
LiabilitiesLn 26$0$0
Net assetsLn 32$265K$274K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$16K$16K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$1K$1K
TravelLn 17$132$132
InsuranceLn 23$301$301
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e$660$660
Total functional expensesLn 25$38K$35K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $81K$66K$15K$311K 990 PDF
FY2024 $71K$48K$22K$296K 990 PDF
FY2023 Viewing $48K$38K$9K$274K 990 PDF
FY2022 $57K$37K$21K$265K 990 PDF
FY2021 $61K$27K$34K$244K 990 PDF
FY2020 $24K$16K$9K$211K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $47,779 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $15,365$14,905
I-10 Investment incomePrior year $22,789$13,379
I-11 Other revenuePrior year $19,199$19,495
I-12 Total revenuePrior year $57,353$47,779
I-13 Grants and similar amounts paidPrior year $15,000$16,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $21,835$22,385
I-18 Total expensesPrior year $36,835$38,385
I-19 Revenue less expensesPrior year $20,518$9,394
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 $47,779 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,905$14,905
VIII-3 Investment incomeExcluded from tax $2,742$2,742
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,637$10,637
VIII-8 Net income from fundraising events$19,495
VIII-12 Total revenueRelated to mission $14,905 · Excluded from tax $13,379$47,779
Part IX · Statement of functional expenses $38,385 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $16,000$16,000
IX-11c Accounting feesManagement $1,210$1,210
IX-13 Office expensesManagement $1,475$1,475
IX-17 TravelPrograms $132$132
IX-23 InsuranceManagement $301$301
IX-24 Other expenses (24a–d)Programs $18,607$18,607
IX-24e All other expensesPrograms $660$660
IX-25 Total functional expensesPrograms $35,399 · Management $2,986 · Fundraising $0$38,385
Part X · Balance sheet $274,248 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $21,124$17,161
X-2 Savings and temporary cash investmentsStart of year $62,478$62,895
X-11 Publicly traded securitiesStart of year $181,252$194,192
X-16 Total assetsStart of year $264,854$274,248
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $264,854$274,248
X-32 Total net assets or fund balancesStart of year $264,854$274,248
X-33 Total liabilities and net assetsStart of year $264,854$274,248
Part XI · Reconciliation of net assets $274,248 net assets at year end
XI-1 Total revenue$47,779
XI-2 Total expenses$38,385
XI-3 Revenue less expenses$9,394
XI-4 Net assets at start of year$264,854
XI-10 Net assets at end of year$274,248

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

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