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.
31¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
31%
of spending
Concern: 31% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Plus $513K in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40K
-3% vs prior year
Spent
$32K
To programs
31%
Net assets
$479K
By yearFY2021–FY2025
Revenue
$40K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$33K
FY2022$94K
FY2023$41K
FY2024$40K
FY2025$70K
Expenses
$32K
FY2024▼ -68%
Tap a bar for its year
Expenses by fiscal year
FY2021$76K
FY2022$72K
FY2023$100K
FY2024$32K
FY2025$35K
Net assets
$479K
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$597K
FY2022$493K
FY2023$445K
FY2024$479K
FY2025$542K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 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

31 cents of each dollar spent went to programs.

Program services 31% · $10K Management & general 68% · $21K Fundraising 2% · $494

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Exec Director
$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 · $10K · in their own filed words · FY2023
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.

$10Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$40K
Ln 12
Investment incomeLn 3$21K
Gifts and grantsLn 1h$20K
Money outPt IX
$32K
Ln 25
Programscol B$10K
Managementcol C$21K
Fundraisingcol D$494
Owns and owesPt X
$479K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$515K
LiabilitiesLn 26$36K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Investment incomeLn 3$21K
Gains on assetsLn 7−$2K
Total revenueLn 12$40K
Assets in detailPt X, end of year
SavingsLn 2$3K
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$513K
Total assetsLn 16$515K
LiabilitiesLn 26$36K
Net assetsLn 32$479K
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 FY24End FY24
Cash and savingsLn 1–2$3K$3K
InvestmentsLn 11–13$466K$513K
Total assetsLn 16$556K$515K
LiabilitiesLn 26$111K$36K
Net assetsLn 32$445K$479K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$32K$10K$21K$494
Total functional expensesLn 25$32K$10K$21K$494

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $70K$35K$34K$542K 990 PDF
FY2024 Viewing $40K$32K$9K$479K 990 PDF
FY2023 $41K$100K−$59K$445K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $40,254 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,410$19,641
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $21,952$20,613
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $41,362$40,254
I-13 Grants and similar amounts paidPrior year $67,862$0
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 $32,052$31,574
I-18 Total expensesPrior year $99,914$31,574
I-19 Revenue less expensesPrior year −$58,552$8,680
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $40,254 across 5 lines filed
VIII-1f All other contributions, gifts and grants$19,641
VIII-1h Total contributions, gifts and grants$19,641
VIII-3 Investment incomeExcluded from tax $22,913$22,913
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,300−$2,300
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,613$40,254
Part IX · Statement of functional expenses $31,574 across 1 line filed
IX-11a Management feesPrograms $9,757 · Management $21,323 · Fundraising $494$31,574
IX-25 Total functional expensesPrograms $9,757 · Management $21,323 · Fundraising $494$31,574
Part X · Balance sheet $515,398 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $2,945$2,867
X-4 Accounts receivableStart of year $86,885$0
X-12 Other securitiesStart of year $466,170$512,531
X-16 Total assetsStart of year $556,000$515,398
X-17 Accounts payable and accrued expensesStart of year $110,997$36,045
X-26 Total liabilitiesStart of year $110,997$36,045
X-27 Net assets without donor restrictionsStart of year $336,947$371,297
X-28 Net assets with donor restrictionsStart of year $108,056$108,056
X-32 Total net assets or fund balancesStart of year $445,003$479,353
X-33 Total liabilities and net assetsStart of year $556,000$515,398
Part XI · Reconciliation of net assets $479,353 net assets at year end
XI-1 Total revenue$40,254
XI-2 Total expenses$31,574
XI-3 Revenue less expenses$8,680
XI-4 Net assets at start of year$445,003
XI-5 Net unrealized gains (losses) on investments$25,670
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$479,353

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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