Civic Intelligence

New Scholarship Foundation

EIN 83-3814810 • 501(c)3 • Cerritos, CA

Pub. 78 Eligible990-N CoverageNTEE B82

Profile

To provide academic scholarships

13337 South Street Unit 239Cerritos, CA 90703
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$17,476

Up $4,490 (+35%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$17,476

Up $4,490 (+35%) from 2022

Operations

Revenue

Down

$15,624

Down $907 (-5.5%) from 2022

Expenses

Down

$10,657

Down $5,678 (-35%) from 2022

Net Income

Up

$4,967

Up $4,771 (+2434%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$15K$10K$5.0K$0Assets 2021: $1,493Liabilities 2021: $0Net Assets 2021: $1,4932021Assets 2022: $12,986Liabilities 2022: $0Net Assets 2022: $12,9862022Assets 2023: $17,476Liabilities 2023: $0Net Assets 2023: $17,4762023

Highlighted filing

2023

Assets$17,476
Liabilities$0
Net Assets$17,476
Open 2023 Filing

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20K$15K$10K$5.0K$0Revenue 2021: $11,039Expenses 2021: $8,498Net Income 2021: $2,5412021Revenue 2022: $16,531Expenses 2022: $16,335Net Income 2022: $1962022Revenue 2023: $15,624Expenses 2023: $10,657Net Income 2023: $4,9672023

Highlighted filing

2023

Revenue$15,624
Expenses$10,657
Net Income$4,967
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,476
Liabilities
$0
Net assets
$17,476
Revenue
$15,624
Expenses
$10,657
Net income
$4,967
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$17.5$0.00$17.5$15.6$10.7$4.97
2022Detailed filing. Detailed filing data is available for this year.$13.0$0.00$13.0$16.5$16.3$0.20
2021Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$11.0$8.50$2.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 7, 2024
Return Version
2023v5.0
Gross Receipts
$15,624
Mission and Program Overview

Mission

To provide academic scholarships

PROVIDE SCHOLARSHIPS

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$12,986$17,476▲ $4,490
Total Assets$12,986$17,476▲ $4,490
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,986$17,476▲ $4,490
Total Net Assets Fund Balance$12,986$17,476▲ $4,490
Total Liabilities and Net Assets / Fund Balance$12,986$17,476▲ $4,490
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill WilliamsPresident
Ernest BaskerDirector
Mollie WilliwaDirector
Sean RooneyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$15,624
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$4,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,657
Total Fundraising Expense$9,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,475-$250$1,725
Advertising--$564$564
Office Expenses$90--$90
Total Functional Expenses$1,565$0$9,092$10,657
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournam$15,623$15,623$5,528$10,095
Total Events$15,623$15,623$8,528$7,095
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Governance Management Disclosure

“Any member is compensated no payment to any board member all of them are under volunteer status the structure is divided in pesident and board directors”

Part VII Compensation Officer Directors Trustees

“Any member has been compensated they are all under volunteer status”

Filing and Contact Details

Filer

Filer Name
New Scholarship Foundation
EIN
83-3814810
Address
13337 SOUTH STREET UNIT 239, CERRITOS, CA 90703

Signing Officer

Name
Bill Williams
Title
President
Phone
3107024304
Signed
2024-06-07
Discuss with paid preparer
No

Organization Details

Principal Officer
Bill Williams
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
Oc Financial Services Inc
Address
2330 W VALENCIA DR, FULLERTON, CA 92833
Preparer
Irene J Christensen
Phone
7146260558
Supplemental Narrative

Additional Explanations

Part III Statement of Program

“Main purpose of foundation is giving financial aid to studen throught golf tournaments”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MAIN PURPOSE OF FOUNDATION IS GIVING FINANCIAL AID TO STUDEN THROUGHT GOLF TOURNAMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY MEMBER IS COMPENSATED NO PAYMENT TO ANY BOARD MEMBER ALL OF THEM ARE UNDER VOLUNTEER STATUS THE STRUCTURE IS DIVIDED IN PESIDENT AND BOARD DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MEMBER HAS BEEN COMPENSATED THEY ARE ALL UNDER VOLUNTEER STATUS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III STATEMENT OF PROGRAM
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI GOVERNANCE MANAGEMENT DISCLOSURE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VII COMPENSATION OFFICER DIRECTORS TRUSTEES
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