2024-05-15T09:14:03-04:00 2023-12-31 521753100 RYAN & WETMORE PC 1950 OLD GALLOWS ROAD SUITE 525 VIENNA VA 22182 990 2023-01-01 320289471 WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC WEST 6178946425 197 MAIN STREET HINGHAM MA 02043 JOHN SERAFINI CHAIRMAN & TREASURER 6178946425 2024-05-14 true JOHN SERAFINI 999009999 true JASON T DUDAS CPA VA P01281377 7032884777 2024-05-14 2023 2023-04-26 12:10:37Z THE 98 FUND JOHN SERAFINI 197 MAIN STREET HINGHAM MA 02043 431610 false X WWW.THE98FUND.ORG X 2009 VA THE 98 FUND EXISTS TO SERVE AND SUPPORT THE GRADUATE COMMUNITY OF THE UNITED STATES MILITARY ACADEMY PRINCIPALLY THROUGH EDUCATIONAL SCHOLARSHIPS, FINANCIAL SUPPORT, AND BY OPERATING A SUMMER CAMP THAT PROVIDES MENTORSHIP AND BENEFICIAL EXPERIENCES FOR THE FAMILIES OF OUR FALLEN GRADUATES. 16 16 0 25 0 629623 430774 0 185 836 0 629808 431610 381182 550632 0 0 0 0 21487 49291 402669 599923 227139 -168313 1395835 1332742 50000 25000 1345835 1307742 X THE 98 FUND EXISTS TO SERVE AND SUPPORT GRADUATES AND GRADUATE FAMILIES OF THE UNITED STATES MILITARY ACADEMY PRINCIPALLY THROUGH EDUCATIONAL SCHOLARSHIPS, FINANCIAL SUPPORT, AND MENTORSHIP OF THE SPOUSES AND CHILDREN OF OUR FALLEN GRADUATES. THE 98 FUND OWNS AND OPERATES A SUMMER CAMP COMPOUND IN ALASKA TO PROVIDE BENEFICIAL EXPERIENCES FOR THE FAMILIES OF OUR FALLEN GRADUATES AND FELLOWSHIP OPPORTUNITIES FOR WEST POINT GRADUATES. false true 245661 UPGRADED LAND FOR THE 98 FUND SUMMER COMPOUND IN ALASKA AND INVESTED MATERIAL VOLUNTEER TIME IN BUILDING NEW BUILDINGS AND OTHER CRITICAL INFRASTRUCTURE TO SUPPORT LONG-TERM USE AS A SUMMER CAMP TO SUPPORT THE FAMILIES OF OUR FALLEN GRADUATES. OPERATED SEVERAL WEEK-LONG ALASKA SUMMER CAMP EXPERIENCES FOR THE CHILDREN AND WIDOWS OF WEST POINT GRADUATES WHO WERE KILLED IN COMBAT OR DIED OTHERWISE. 16000 16000 DISTRIBUTED CAPITAL TO SUPPORT EDUCATIONAL (COLLEGE) SCHOLARSHIPS FOR THE CHILDREN OF OUR WEST POINT CLASSMATES WHO WERE EITHER KILLED IN COMBAT OR DIED OTHERWISE. TO DATE, THE FUND HAS MADE TWELVE 10,000 SCHOLARSHIP COMMITMENTS THAT HAVE BEEN DISTRIBUTED TO DATE OR WILL BE DISTRIBUTED OVER THE NEXT FEW YEARS AS THE CHILDREN REACH COLLEGE AGE. 288971 118757 DISTRIBUTED CAPITAL TO SUPPORT THE MEDICAL, LIVING AND TRAVEL EXPENSES OF LIVING WEST POINT GRADUATES IN NEED AS WELL AS FOR THE CHILDREN AND WIDOWS OF WEST POINT GRADUATES WHO WERE EITHER KILLED IN COMBAT OR DIED OTHERWISE. WE ENDED THE YEAR WITH A MATERIAL DISTRIBUTION OF CAPITAL TO A NEW 501(C) (3) WHICH HAS BEEN ESTABLISHED SPECIFICALLY FOR THE CARE OF GRADUATES OF THE WEST POINT CLASS OF 1999. HERETOFORE, MEMEBERS OF THE CLASS OF 1999 HAD BEEN FUNDED BY THE 98 FUND. THE AMOUNT OF CAPITAL THAT WAS PROVIDED TO THE NEW 501(C)(3), CALLED THE CLASS OF 1999 LEGACY FUND, WAS 118,757 AND REPRESENTS MONIES THAT HAD PREVIOULSY BEEN RAISED SPECIFICALLY TO SUPPORT MEMBERS OF THE CLASS OF 19999. THIS DISTRIBUTION OF 118,757 IS ACCOUNTED FOR AS A GRANT TO THE CLASS OF 1999 LEGACY FUND. 550632 true true false false false false false false false false true false false false false false false false false false false false false false false false false true true false false false false false false false false false true false false false false false false false false true 0 0 0 false false false false false false false false X 16 16 false false false false false false false true true false true true true false false false false false false X JOHN SERAFINI 6178946425 197 MAIN STREET HINGHAM MA 02043 X MARK DEROCCHI PRESIDENT&BO 5.00 X X 0 0 0 JOHN SERAFINI CHAIRMAN & T 5.00 X X 0 0 0 MARK WEAVER VP & BOARD M 5.00 X X 0 0 0 MICHELLE LAVICKA BOARD MEMBER 3.00 X 0 0 0 JASON KOSTAL BOARD MEMBER 5.00 X X 0 0 0 TRACI VOELKE BOARD MEMBER 3.00 X 0 0 0 GEORGE WOODS BOARD MEMBER 3.00 X 0 0 0 ANDERSON PUCKETT BOARD MEMBER 3.00 X 0 0 0 CHRIS MCQUILLEN BOARD MEMBER 3.00 X 0 0 0 JASON PARKS BOARD MEMBER 3.00 X 0 0 0 WILLIAM GIBBS BOARD MEMBER 3.00 X 0 0 0 STEVEN TETREAULT BOARD MEMBER 3.00 X 0 0 0 MIKE AVERY BOARD MEMBER 3.00 X 0 0 0 KALEIGH WOTRING BOARD MEMBER 3.00 X 0 0 0 STACEY TOMIC BOARD MEMBER 3.00 X 0 0 0 ANN BONNEY BOARD MEMBER 3.00 X 0 0 0 false false false 430774 47068 430774 836 836 431610 836 118757 118757 431875 431875 23602 23602 23706 23706 1983 1983 599923 550632 49291 0 181059 75170 120837 18823 909858 775292 909858 318647 328891 1395835 1332742 50000 25000 50000 25000 X 251575 276575 1094260 1031167 1345835 1307742 1395835 1332742 X -168313 -4346 134566 X false false false X 91506 198684 333545 629622 430774 1684131 91506 198684 333545 629622 430774 1684131 1684131 16823 73 40 185 836 17957 16823 73 40 185 836 17957 108329 198757 333585 629807 431610 1702088 0.98950 0.99250 0.01000 0.01000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 301575 301575 40000 40000 568283 568283 909858 true WPC OF 1999 LEGACY FUND 3204 VILLAGE CREST FLOWER MOUND TX 75022 921107489 501C3 118757 SUPPORT CLASS OF1999 1 CASH GRANTS FOR EDUCATION 4 16000 FMV CASH GRANTS FOR FIN AID 21 170213 FMV DEVELOPMENT OF CAMP 245662 FMV SCHEDULE I, PAGE 1, PART I, LINE 2 1 OUR ORGANIZATION WORKS CLOSELY WITH GRANT RECIPIENTS TO ENSURE THAT THE GRANT MONEY RECEIVED IS USED TO PRINCIPALLY SUPPORT TUITION AND OTHER EXPENSES ASSOCIATED WITH COLLEGE AND POST-COLLEGE EDUCATION. TO DATE WE HAVE MADE GRANT COMMITMENTS TO 10+ CHILDREN OF OUR FALLEN CLASSMATES OF THE WEST POINT CLASS OF 1998. WE ARE CLOSELY ENGAGED WITH EACH OF THESE CHILDREN AND THEIR SURVIVING PARENT TO ENSURE FOR THEIR SUCCESSFUL EDUCATION. WE MONITOR THE HEALTH AND WELFARE OF THESE GRANT RECIPIENTS CLOSELY AND ARE KNOWLEDGEABLE OF THEIR EDUCATION STATUS AND HOW THEY USE THE CAPITAL PROVIDED FOR THEIR COLLEGE AND POST-COLLEGE EDUCATION. TO THE BEST OF OUR KNOWLEDGE, ALL GRANTS - IN THIS TAX YEAR AND YEARS PAST - HAVE BEEN USED FOR EDUCATION EXPENSES IN THE UNITED STATES. 2 WE HAVE ALSO MADE CASH GRANTS TO OTHER WEST POINT GRADUATE FAMILIES IN NEED OF HELP OUTSIDE OF TUITION. WE TREAT THE REVIEW PROCESS FOR THESE CASES THE SAME AS DISTRIBTUION OF CASH GRANTS FOR EDUCATION. SIMILARLY, WE MONITOR THE HEALTH AND WELFARE OF THESE GRANT RECIPIENTS CLOSELY AND ARE KNOWLEDGABLE ABOUT THEIR HEALTH AND WELLNESS STATUS AND HOW THE CAPITAL IS USED. TO THE BEST OF OUR KNOWLEDGE, ALL GRANTS - IN THIS TAX YEAR AND YEARS PAST - HAVE BEEN USED FOR HEALTH, LIVING, AND WELLNESS EXPENSES IN THE UNITED STATES. X 1 47068 false false false SCHEDULE M, PAGE 2, PART II THE 98 FUND RECEIVED TWO MAJOR IN-KIND CONTRIBUTIONS. (1) BLOCK OF 700 SHARES OF PLUG POWER STOCK (PLUG) VALUED ON THE NASDAQ AT 21,399.00 AT TIME OF CONTRIBUTION. (2) ONE LOG CABIN WHICH WAS DONATED TO THE FUND FOR OUR ALASKA SUMMER CAMP COMPOUND. OUR BEST ESTIMATE BASED UPON OUR KNOWLEDGE OF LOCAL COMPARABLE REAL ESTATE IS AN APPROXIMATE VALUE OF 40,000 AT TIME OF CONTRIBUTION. FORM 990 - ORGANIZATION'S MISSION THE 98 FUND EXISTS TO SERVE AND SUPPORT GRADUATES AND GRADUATE FAMILIES OF THE UNITED STATES MILITARY ACADEMY PRINCIPALLY THROUGH EDUCATIONAL SCHOLARSHIPS, FINANCIAL SUPPORT, AND MENTORSHIP OF THE SPOUSES AND CHILDREN OF OUR FALLEN GRADUATES. THE 98 FUND OWNS AND OPERATES A SUMMER CAMP COMPOUND IN ALASKA TO PROVIDE BENEFICIAL EXPERIENCES FOR THE FAMILIES OF OUR FALLEN GRADUATES AND FELLOWSHIP OPPORTUNITIES FOR WEST POINT GRADUATES. FORM 990, PAGE 2, PART III, LINE 3 PREVIOUSLY, THE 98 FUND HAS RAISED CAPITAL AND DEPLOYED CAPITAL TO SUPPORT MULTIPLE WEST POINT CLASSES TO INCLUDE THE CLASS OF 1999. IN THE PAST YEAR, THE CLASS OF 1999 DECIDED TO FORM THEIR OWN 501(C)(3) ENTITY CALLED THE CLASS OF 1999 LEGACY FUND. ACCORDINGLY, AT THE END OF 2023, WE TRANSFERRED 118,757 THAT HAD PREVIOUSLY BEEN RAISED FROM CONTRIBUTORS ASSOCIATED WTIH THE CLASS OF 1999 AS A GRANT TO THE CLASS OF 1999 LEGACY FUND. FORM 990, PAGE 6, PART VI, LINE 11B OUR ORGANIZATION DISTRIBUTED THE FORM 990 AND ALL ACCOMPANYING SCHEDULES TO THE FULL MEMBERSHIP OF THE ORGANIZATION'S BOARD OF DIRECTORS AT LEAST 1 WEEK PRIOR TO FORMAL SUBMISSION. WE PROVIDED ALL BOARD MEMBERS WITH AMPLE TIME IN WHICH TO REVIEW THE FORM 990 AND TO RAISE ANY QUESTIONS OR COMMENTS CONCERNING THE FORM 990 OR ANY OF THE SCHEDULES. FORM 990, PAGE 6, PART VI, LINE 19 OUR ORGANIZATION'S WEBSITE PRESENTLY STATES THAT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST THROUGH THE CONTACT WEBPAGE. THIS NOTICE WAS POSTED AFTER THE FY 2019 TAX YEAR. FORM 990, PART XI, LINE 9 AMOUNT RECORDED OF 134,566 REPRESENT'S THE ORGANIZATION'S INVESTMENT FOR THE YEAR IN IMPROVING THE OGANIZATION'S LAND AND BUILDINGS IN ALASKA.