2024-03-27T14:38:41-05:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2022-07-01 160783528 ROCHESTER CHILDREN'S SCHOLARSHIP FUND INC ROCH 5852628783 131 W BROAD STREET ROCHESTER NY 14614 JONATHA S CAIMANO TREASURER 5852628783 2024-03-19 1 JONATHA CAIMANO 999009999 0 JACQUELINE B LEE CPA P00842765 5854231860 2024-03-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD VEGA 131 W BROAD STREET ROCHESTER NY 14614 110550 0 X WWW.RCSF.INFO X 1916 NY PROVIDE SCHOLARSHIPS FOR STUDENTS WITH GOOD SCHOLASTIC STANDING AND FAMILY FINANCIAL DIFFICULTIES. 8 8 1 11 0 0 72963 75447 0 0 26670 34828 0 275 99633 110550 45270 53811 0 0 27741 24786 0 0 0 19981 10703 92992 89300 6641 21250 1423343 1594255 11766 11874 1411577 1582381 PROVIDE SCHOLARSHIPS FOR STUDENTS WITH GOOD SCHOLASTIC STANDING AND FAMILY FINANCIAL DIFFICULTIES. 0 0 74470 53811 SUPPORT ROCHESTER CITY SCHOOL DISTRICT STUDENTS BY PROVIDING STIPENDS TO STUDENTS IN GRADES 9-12 WHO ACADEMICALLY EXCEL AND SUFFER FINANCIAL HARDSHIPS. 74470 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 NY X CHERYL TESTA 5852628783 131 W BROAD STREET ROCHESTER NY 14614 JONATHA CAIMANO TREASURER 1.00 X X 0 0 0 SUZE WOLLKE BOARD MEMBER 1.00 X 0 0 0 WILLIAM J ANSBROW TRUSTEE 1.00 X 0 0 0 MARIA THOMAS FISHER VICE PRESIDENT 1.00 X X 0 0 0 BARBARA DENSMORE SECRETARY 1.00 X X 0 0 0 RICHARD DAN VEGA PRESIDENT 1.00 X X 0 0 0 DR SIM COVINGTON JR BOARD MEMBER 1.00 X 0 0 0 LEAH HAMILTON BOARD MEMBER 1.00 X 0 0 0 CHERYL TESTA PROGRAM DIRECTOR 20.00 X 25707 0 0 25707 0 0 0 0 0 0 0 2276 73171 75447 34828 34828 275 0 275 275 110550 0 0 35103 53811 53811 23000 17250 5750 1786 1339 447 5100 5100 3258 3258 STUDENT SERVICES 2070 2070 FILING FEES 275 275 89300 74470 14830 0 2829 14558 103371 112190 1200 106700 101320 1209243 1366187 1423343 1594255 11766 11874 11766 11874 X 1216212 1366230 195365 216151 1411577 1582381 1423343 1594255 21250 151564 -2010 0 X X 1 X 0 1 0 X 118136 87449 72523 72963 75722 426793 118136 87449 72523 72963 75722 426793 293597 133196 23268 27010 26492 26670 34828 138268 565061 0.23570 0.23070 X THE ORGANIZATION MAINTAINS A CONTINUOUS PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC THROUGH THE ABILITY TO DONATE THROUGH THE ORGANIZATION'S WEBSITE, THE UNITED WAY AND VARIOUS FUNDRAISING EVENTS. THE ORGANIZATION HAS A BOARD OF DIRECTORS THAT WORKS TO SOLICIT DONATIONS IN ORDER TO ACHIEVE THE ORGANIZATION'S MISSION OF PROVIDING SCHOLARSHIPS TO STUDENTS WHO ARE IN GOOD ACADEMIC STANDING BUT EXPERIENCING FINANCIAL DIFFICULTIES IN THE ROCHESTER CITY SCHOOL DISTRICT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1419314 38000 184383 62000 1579697 1638143 62500 -201329 80000 1419314 1222953 90244 391946 67000 1638143 1204378 53070 27505 62000 1222953 1113717 107500 93429 110268 1204378 0 0 0 7,732.455 SHS VANGUARD TOTAL STK MKT INDEX FUND 829847 F 4,199.488 SHS VANGUARD TOTAL INTL STK INDEX FUND 126404 F 400 SHS ISHARES RUSSELL 1000 GROWTH ETF 110072 F 10,806.916 LOOMIS SAYLES BOND FUND 123091 F 9,737.098 BBH LTD DURATION FUND 97858 F 500 SHS ISHARES RUSSELL 1000 VALUE ETF 78915 F 1366187 X 260104 151564 151564 108540 2010 2010 110550 89300 0 89300 0 89300 PART V, LINE 4: THE ENDOWMENT FUND IS MADE UP OF DONOR RESTRICTED NET ASSETS THAT ARE PERPETUAL IN NATURE AND WHOSE INCOME IS DETERMINED TO BE UNRESTRICTED BY EXPLICIT DONOR STIPULATION, REMAINING DONOR RESTRICTED NET ASSETS CONSIST OF FUNDS TO BE USED FOR SCHOLARSHIPS, AND A BOARD DESIGNATED ENDOWMENT FUND. THE SPENDING RATE IS 4% OF THE TRAILING TWENTY-QUARTER, AVERAGE MARKET VALUE OF THE ENDOWMENT FUND. PART X, LINE 2: THE ORGANIZATION IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2023, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE JUNE 30, 2020. THE TAX RETURNS FOR YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES 1 STUDENT SCHOLARSHIPS 102 53811 PART I, LINE 2: THE ORGANIZATION VERIFIES STUDENT ENROLLMENT THROUGH THE SCHOOLS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER REVIEWS THE INFORMATION AND REPORTS TO THE GOVERNING BODY DURING A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW BOARD MEMBERS ARE GIVEN A FORM AND REQUESTED TO COMPLETE IT UPON JOINING THE BOARD. ANNUALLY, EACH SEPTEMBER, BOARD MEMBERS ARE REQUESTED TO UPDATE AND RESUBMIT THIS FORM. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD PRESIDENT, TREASURER, AND ONE OTHER BOARD MEMBER MEET TO DISCUSS REVIEWS SUBMITTED BY BOARD MEMBERS. ANY PAY INCREASE OR BONUS IS PRESENTED TO THE BOARD AND VOTED UPON. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN OR VERBAL REQUESTS. PART XII, LINE 2C EXPLANATION THE PROCESS IS CONSISTENT WITH PRIOR YEARS.