Fidm Scholarship Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 95-3315548)

Revenue by fiscal year
FY2020	$487K
FY2021	$322K
FY2022	$221K
FY2023	$927K
FY2024	−$30K

Expenses by fiscal year
FY2020	$678K
FY2021	$479K
FY2022	$449K
FY2023	$3.9M
FY2024	$74K

Net assets by fiscal year
FY2020	$4.3M
FY2021	$4.1M
FY2022	$3.9M
FY2023	$898K
FY2024	$793K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1979.

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

Where the money goes

64 cents of each dollar spent went to programs.

64%

36%

Program services 64% · $47K Management & general 36% · $27K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Tonian Hohberg

President

$0Pt VII · Sec A

Angela Hawekotte

Vice Pres/Treas/Director

$0Pt VII · Sec A

Barbara Bundy

Director

$0Pt VII · Sec A

Belinda Harding

Director

$0Pt VII · Sec A

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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 15aYes

Programs and updates

Helps qualified students pay for college tuition.

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Provided by the organization

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1 program · $47K · in their own filed words · FY2023

01

The foundation assisted 5 students of the fashion institue of design & merchandising attain their educational goals through the granting of scholarships to help pay their tuition costs.

$47Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2023

Guess FoundationFY2023$30K

Total grants receivedfrom 1 funder$30K

Grants paid · 6 grants · $5.1M · 2019–2023

Unitemized GrantFY2023$37,663

Unitemized GrantFY2022$3,673,426

Arizona State University Alumni AssociationAZ · FY2022$125,000

Unitemized GrantFY2021$348,510

Unitemized GrantFY2020$346,711

Unitemized GrantFY2019$540,971

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$30K

Ln 12

Investment incomeLn 3$17K

Money outPt IX

$74K

Ln 25

Programscol B$47K

Managementcol C$27K

Owns and owesPt X

$793K

net assets · Ln 32

Cash and savingsLn 1–2$31K

Total assetsLn 16$793K

LiabilitiesLn 26$0

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$17K

Gains on assetsLn 7−$42K

Total revenueLn 12−$30K

Assets in detailPt X, end of year

CashLn 1$31K

SavingsLn 2$0

Cash and savings togetherLn 1–2$31K

InvestmentsLn 11–13$761K

Land, buildings, equipmentLn 10c$892

Total assetsLn 16$793K

LiabilitiesLn 26$0

Net assetsLn 32$793K

OperationsPt I, VI

EmployeesI 53

VolunteersI 63

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$85K	$31K
InvestmentsLn 11–13	$791K	$761K
Land, buildings, equipmentLn 10c	$4K	$892
Total assetsLn 16	$909K	$793K
LiabilitiesLn 26	$11K	$0
Net assetsLn 32	$898K	$793K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$5K	$5K
Grants to domestic individualsLn 2	$38K	$38K
Other salaries and wagesLn 7	$8K		$8K
Payroll taxesLn 10	$529		$529
Accounting feesLn 11c	$16K		$16K
Advertising and promotionLn 12	$3K		$3K
OccupancyLn 16	$1K	$1K
Depreciation, depletion and amortizationLn 22	$3K	$3K
InsuranceLn 23	$84		$84
Other expenses (24a–d)Ln 24	$836	$589	$247
Total functional expensesLn 25	$74K	$47K	$27K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	−$30K	$74K	−$105K	$793K	990 PDF
FY2023	$927K	$3.9M	−$3.0M	$898K	990 PDF
FY2022	$221K	$449K	−$229K	$3.9M	990 PDF
FY2021	$322K	$479K	−$157K	$4.1M	990 PDF
FY2020	$487K	$678K	−$191K	$4.3M	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 −$30,330 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $576,502$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $12,744−$25,300

I-11 Other revenuePrior year $337,775−$5,030

I-12 Total revenuePrior year $927,021−$30,330

I-13 Grants and similar amounts paidPrior year $3,798,426$42,336

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $32,279$8,254

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $80,741$23,889

I-18 Total expensesPrior year $3,911,446$74,479

I-19 Revenue less expensesPrior year −$2,984,425−$104,809

Part VI · Governance 4 of 4 board members independent, no flags

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

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

Part VIII · Statement of revenue −$30,330 across 3 lines filed

Lines not itemized here account for −$5,030 of total revenue; see the IRS return.

VIII-3 Investment incomeRelated to mission $17,070$17,070

VIII-7 Net gain or loss on sales of assetsRelated to mission −$42,370−$42,370

VIII-12 Total revenueRelated to mission −$25,300 · Unrelated business $0 · Excluded from tax −$5,030−$30,330

Part IX · Statement of functional expenses $74,479 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $4,673$4,673

IX-2 Grants to domestic individualsPrograms $37,663$37,663

IX-7 Other salaries and wagesManagement $7,725$7,725

IX-10 Payroll taxesManagement $529$529

IX-11c Accounting feesManagement $15,749$15,749

IX-12 Advertising and promotionManagement $2,740$2,740

IX-16 OccupancyPrograms $1,314$1,314

IX-22 Depreciation, depletion and amortizationPrograms $3,166$3,166

IX-23 InsuranceManagement $84$84

IX-24 Other expenses (24a–d)Programs $589 · Management $247$836

IX-25 Total functional expensesPrograms $47,405 · Management $27,074 · Fundraising $0$74,479

Part X · Balance sheet $792,874 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $84,994$31,073

X-2 Savings and temporary cash investmentsStart of year $18$0

X-4 Accounts receivableStart of year $29,244$0

X-10c Land, buildings and equipment, netStart of year $4,058$892

X-12 Other securitiesStart of year $790,713$760,909

X-16 Total assetsStart of year $909,027$792,874

X-25 Other liabilitiesStart of year $11,344$0

X-26 Total liabilitiesStart of year $11,344$0

X-32 Total net assets or fund balancesStart of year $897,683$792,874

X-33 Total liabilities and net assetsStart of year $909,027$792,874

Part XI · Reconciliation of net assets $792,874 net assets at year end

XI-1 Total revenue−$30,330

XI-2 Total expenses$74,479

XI-3 Revenue less expenses−$104,809

XI-4 Net assets at start of year$897,683

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$792,874

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

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Fidm Scholarship Foundation INC

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 Fidm Scholarship Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV