The scholarship fund is for the purpose of sponsoring, co-sponsoring, initiating educational, scientific and research programs, scholarships and other activities in the field of business, economic and other related studies in connection with the industrial supply industry.

501(c)(3) charity; gifts are tax-deductible.
67¢ 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
3 of 5
filings with a surplus
Average deficit $7K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $436K in investments, Pt X · Ln 11–13
Fine: 0.0 months of spending in cash, plus $436K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$94K
+182% vs prior year
Spent
$72K
To programs
67%
Net assets
$493K
By yearFY2021–FY2025
Revenue
$94K
FY2022▲ +182%
Tap a bar for its year
Revenue by fiscal year
FY2021$33K
FY2022$94K
FY2023$41K
FY2024$40K
FY2025$70K
Expenses
$72K
FY2022▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2021$76K
FY2022$72K
FY2023$100K
FY2024$32K
FY2025$35K
Net assets
$493K
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2021$597K
FY2022$493K
FY2023$445K
FY2024$479K
FY2025$542K

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

990 PDF Claim
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 Sep 2006.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $48K Management & general 32% · $23K Fundraising 1% · $666

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Exec Director (thru 11/30)
$0Pt VII · Sec A
Exec Director (beg 12/1)
$0Pt VII · Sec A
See Isa Eduction 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

Sponsors educational programs and scholarships for business and economic studies in the industrial supply industry.

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Provided by the organization

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1 program · $48K · in their own filed words · FY2021
01

The scholarship fund is for the purpose of sponsoring, co-sponsoring, initiating educational, scientific and research programs, scholarships and other activities in the field of business, economic and other related studies in connection with the industrial supply industry.

$48Kprogram 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 · $111K · 2020–2022
Ida Isma New AssociationPA · FY2022$67,862
Ida Isma New AssociationPA · FY2021$32,500
Unitemized GrantFY2020$10,147

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$94K
Ln 12
Investment incomeLn 3$76K
Gifts and grantsLn 1h$18K
Money outPt IX
$72K
Ln 25
Programscol B$48K
Managementcol C$23K
Fundraisingcol D$666
Owns and owesPt X
$493K
net assets · Ln 32
Cash and savingsLn 1–2$267
Total assetsLn 16$510K
LiabilitiesLn 26$17K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Investment incomeLn 3$76K
Gains on assetsLn 7$53K
Total revenueLn 12$94K
Assets in detailPt X, end of year
SavingsLn 2$267
Cash and savings togetherLn 1–2$267
InvestmentsLn 11–13$436K
Total assetsLn 16$510K
LiabilitiesLn 26$17K
Net assetsLn 32$493K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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$1K$267
InvestmentsLn 11–13$486K$436K
Total assetsLn 16$621K$510K
LiabilitiesLn 26$24K$17K
Net assetsLn 32$597K$493K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$32K$32K
Management feesLn 11a$39K$15K$23K$666
Total functional expensesLn 25$72K$48K$23K$666

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $70K$35K$34K$542K 990 PDF
FY2024 $40K$32K$9K$479K 990 PDF
FY2023 $41K$100K−$59K$445K 990 PDF
FY2022 Viewing $94K$72K$23K$493K 990 PDF
FY2021 $33K$76K−$43K$597K 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 FY2022 990 (6 parts)
Part I · Summary $94,203 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,960$18,394
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $12,435$75,809
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $33,395$94,203
I-13 Grants and similar amounts paidPrior year $10,147$32,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $66,185$39,148
I-18 Total expensesPrior year $76,332$71,648
I-19 Revenue less expensesPrior year −$42,937$22,555
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $94,203 across 5 lines filed
VIII-1f All other contributions, gifts and grants$18,394
VIII-1h Total contributions, gifts and grants$18,394
VIII-3 Investment incomeExcluded from tax $22,400$22,400
VIII-7 Net gain or loss on sales of assetsExcluded from tax $53,409$53,409
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $75,809$94,203
Part IX · Statement of functional expenses $71,648 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $32,500$32,500
IX-11a Management feesPrograms $15,253 · Management $23,229 · Fundraising $666$39,148
IX-25 Total functional expensesPrograms $47,753 · Management $23,229 · Fundraising $666$71,648
Part X · Balance sheet $510,046 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,084$267
X-4 Accounts receivableStart of year $133,544$73,475
X-12 Other securitiesStart of year $486,105$436,304
X-16 Total assetsStart of year $620,733$510,046
X-17 Accounts payable and accrued expensesStart of year $23,898$17,083
X-26 Total liabilitiesStart of year $23,898$17,083
X-27 Net assets without donor restrictionsStart of year $459,278$372,907
X-28 Net assets with donor restrictionsStart of year $137,557$120,056
X-32 Total net assets or fund balancesStart of year $596,835$492,963
X-33 Total liabilities and net assetsStart of year $620,733$510,046
Part XI · Reconciliation of net assets $492,963 net assets at year end
XI-1 Total revenue$94,203
XI-2 Total expenses$71,648
XI-3 Revenue less expenses$22,555
XI-4 Net assets at start of year$596,835
XI-5 Net unrealized gains (losses) on investments−$126,427
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$492,963

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

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