2024-04-05T17:45:16-07:00 2023-12-31 990 2023-01-01 912048970 PUGET SOUND ENGINEERING & SCIENCE SCHOLARSHIP FUND PUGE 3606479715 4 Midnight Court Bellingham WA 98229 Pamela Chelgren-Koterba Treasurer 3606479715 2024-04-05 Pamela Chelgren-Koterba 999009999 1 1 11 1 AAL2 2023 2023-04-26 12:10:37Z X Pamela Chelgren-Koterba 4 Midnight Court Bellingham WA 982297808 214433 0 X https://www.psessf.org X 2000 WA Solicit funds to, and grant college scholarships to students pursuing degrees in Science & Engineering 11 11 0 0 0 0 53219 59932 0 0 14732 22356 0 0 67951 82288 81650 70100 0 0 0 0 0 0 0 5335 4337 86985 74437 -19034 7851 422619 445215 0 0 422619 445215 X solicit funds to, and provide college scholarships to students in Science & Engineering disciplines 0 0 74437 70100 82288 Distributed 38 college scholarships in amounts ranging from $1,000 to $5,000 each, totaling $70,100. 0 0 0 74437 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 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 X 2 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 WA X X Richard Beseler 2084464762 5197 E Giftedview Drive Coeur dAlene ID 83814 X Ralph Graves Board Chairman 1 0 X X 0 0 0 Geoffrey Compeau Board President 1 0 X X 0 0 0 James M Rigsby Board Vice President 1.5 0 X X 0 0 0 Richard Beseler Board Secretary 1.5 0 X X 0 0 0 Pamela Chelgren-Koterba Board Treasurer 1.5 0 X X 0 0 0 John Souza SAME Post Liaison & Web App 2.5 0 X X 0 0 0 James Kleppe Board Member & Applic Reviewer 0.7 0 X 0 0 0 John Hickey Board Member & Applic Reviewer 1 0 X 0 0 0 Mark Ohlstrom Board Member & Applic Reviewer 1 0 X 0 0 0 Larry Toimil Board Member & application reviewer 1 0 X 0 0 0 Caroline Roberts Board Member & Applic Reviewer 1 0 X 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 59932 0 59932 0 14009 14009 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 140492 0 132145 0 8347 0 8347 8347 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 82288 22356 0 0 X 0 0 70100 70100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3392 3392 0 0 0 0 0 225 225 0 0 216 216 0 0 403 403 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Wash. State Report filings 60 60 0 0 Form 990online cost 41 41 0 0 74437 74437 0 0 X 6498 1501 22931 33026 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 393190 410688 0 0 0 0 0 0 0 0 422619 445215 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 422619 445215 0 0 0 0 422619 445215 422619 445215 X 7851 0 0 0 0 14745 X X 0 0 0 X 35921 47500 61000 81650 70100 296171 0 0 0 0 0 0 0 0 0 0 0 0 35921 47500 61000 81650 70100 296171 0 296171 11385 10165 9450 9982 14009 54991 0 0 0 0 0 0 0 0 0 0 0 0 351162 819784 0.84340 0.85787 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82288 0 0 0 0 0 82288 0 0 0 82288 74437 0 0 0 0 0 74437 0 0 0 74437 Schedule D, Part I, Line 5 Applicable to Parts XI, XII, XIII: Audit conducted March 13, 2024 by Audit Committee. Their numbers in these Parts (as well as the 990 Overall) agreed with mine (Pam CK, Treasurer) 1 All awards were between 1,000 and 5,000, and issued as checks to the student or their college, totaling 70,100. Two students were awarded $5,000, the rest were $2600 or less each. 38 70100 0 paid by check in USD Schedule I, Part I, Line 2 -Scholarship Award records are kept by the Treasurer and Secretary. Also, each awardee signs an agreement letter that they will use their funds for direct college costs, before the checks are issued. -Selection criterion is established (/updated) every year before application reviewers evaluate app's. Form 990, Part III (Cont. 4) Provided 38 college scholarships for students pursuing degrees in science & engineering. Amounts ranged from $1,000 to $5,000 each, totaling $70,100. Form 990, Part IV, Line 12a A 3-person Audit Committee performed their audit of the financial records and reports on March 13, 2024. Form 990, Part V, Line 1a 1099s were received from 2 financial institutions: UBS and BECU (Boeing Employees Credit Union). Form 990, Part VI, Section A There were 11 Board members in 2023, all of whom had voting rights, and none of whom were compensated. One only participated for about half the year. They are listed in Part VII Form 990, Part VI, Section A, Line 8a Quarterly Board meetings were held where any actions were documented. The Minutes of those meetings were validated/agreed to at successive meetings. Form 990, Part VI, Section A, Line 8b Committees were formed for the Audit, and for (3) teams of application reviewers. The results of those groups were validated either by emailed concurrences of the Board or at the next Board Meeting (as applicable). Form 990, Part VI, Section B, Line 11b a: The Board has access to this form on their access to the Board's webpage on our website, posted 4/5/24. b: The Audit Committee reviewed this form as part of the Audit conducted March 13, 2024. Form 990, Part VI, Section B, Line 14 Our Records Retention Policy is dated 11Jan22, and is available to the Board on their webpage of our website. Form 990, Part VI, Section C, Line 18 & Line 19: The Governing Documents are available upon request from our Secretary (listed in Line 20, this Section). This form can be requested from the Board, and is also available to Washington State's Charities office (in the Depot. of State) as part of their annually required report. Form 990, Part VI, Section C, Line 19 The Governing Documents are available upon request from our Secretary (listed in Line 20, this Section). This form can be requested from the Board, and is available via the Washington State Charities office (in the Dept. of State) as part of their annually required reports. Form 990, Part VI, Section C, Line 20 Besides the listed Secretary (Richard Beseler) who keeps most of the records, the Treasurer (Pamela Chelgren-Koterba) keeps the financial records, including the 990 tax information. Contact info: 4 Midnight Ct, Bellingham, WA 98229; 360-647-9715) Form 990, Part VIII, Line 1f 24 donors contributed to the total. SAME Seattle Post contributed $20,000. $15,000 was pulled from the Fund corpus. $5,000 came from John Callahan (in two checks). The remainder came from 22 other persons and companies.. Form 990, Part VIII, Line 3 Dividend and Interest from our UBS account: $13,911. Interest from our BECU account: $98. Form 990, Part VIII, Line 7c Proceeds of transactions in our UBS account during the year provided $8,347 in Gains. (140,492-132,145) Form 990, Part IX, Line 2 Total of the 38 Scholarship awards. as also listed in Schedule I, Pt III, and 990 PtIII, Line 4. Form 990, Part IX, Line 11f The annual management fee from UBS for our account. Form 990, Part IX, Line 12 Advertising postcards sent to High Schools, PayPal fees for contributors. Form 990, Part IX, Line 13 Official Post Office Box annual bill Form 990, Part IX, Line 14 IT: webpage, security, IT support annual total. Form 990, Part IX, Line 24a - 24d Filing fee for Washington State reports: 60. Filing fee for 990online: 41. Form 990, Part X, Line 1 BECU (expense) account: Checking at beginning and end. Form 990, Part X, Line 2 BECU (expense) account Savings at beginning and end. Form 990, Part X, Line 11 UBS (corpus) account at beginning and end Form 990, Part XI, Line 1 Total of contributions, and Investment Income (Interest, Dividends, Gains). Form 990, Part XI, Line 2 Total of (38) Scholarship Awards, plus Expenses. Form 990, Part XI, Line 9 Changer in Market Value, minus Investment proceed Gains (already accounted for in Line 1). Form 990, Part XII, Line 1 Cash accounting for both accounts and for all Financial Statements. Form 990, Part XII, Line 2a Financial statements ad Reports reviewed Quarterly by Board Members during our Meetings. Annual Reports reviewed by an Audit Committee who are Board Members but not accountants. Form 990, Part XII, Line 2b The Audit was conducted by a Committee of 3 Board Members (on 3/13/24). They are not accountants. The Financial Records as well as these Tax documents can be accessed by our Board Members from their webpage. The posting is/was o 4/5/24.