Emily Victoria Solek Memorial Scholarship Fund is located in Rochester Hills, MI. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emily Victoria Solek Memorial Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Emily Victoria Solek Memorial Scholarship Fund generated $16.0k in total revenue. All expenses for the organization totaled $25.2k during the year ending 12/2021.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP FUND FOCUSED ON GENERATING CONTRIBUTION REVENUE TO ATTAIN ASSETS FOR THE PRIMARY PURPOSE OF AWARDING A SCHOLARSHIP EACH YEAR TO A GRADUATE OF STONEY CREEK HIGH SCHOOL IN ROCHESTER HILLS, MICHIGAN. SUBSTANTIAL DONATIONS WERE RECEIVED AND AN ENDOWMENT FUND OF $100,000 WAS SET UP WITH THE NONPROFIT ORGANIZATION, THE ROCHESTER COMMUNITY SCHOOLS FOUNDATION (TIN 38-3269615), DURING ITS INITIAL YEAR IN 2020. DURING 2021, ANOTHER $25,000 WAS CONTRIBUTED TO THE SAME FOUNDATION. THE FIRST SCHOLARSHIP WAS AWARDED IN 2021. THE ROCHESTER COMMUNITY SCHOOLS FOUNDATION WILL ADMINISTER THE APPLICATION PROCESS FOR THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP AS WELL AS OTHER LOCAL SCHOLARSHIPS. THE ROCHESTER COMMUNITY SCHOOLS FOUNDATION WILL ALSO SELECT THE RECIPIENT OF THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS OF THE EMILY VICTORIA SOLEK MEMORIAL SCHOLARSHIP FUND. THE ENDOWMENT IS HELD IN INVESTMENT AND MANAGED BY THE ROCHESTER COMMUNITY SCHOOLS FOUNDATION'S INVESTMENT ADVISOR AND IS GOVERNED BY ITS BOARD OF DIRECTORS. DURING 2021, TWO EVENTS WERE HELD TO GENERATE DONATIONS. FIRST, "EMILY'S PICNIC" WAS HELD IN THE SPRING IN ANN ARBOR, MI AND INCLUDED A BAKE SALE AND SALE OF T-SHIRTS. SECONDLY, A MEMORIAL SOCCER TOURNAMENT WAS HELD DURING THE FALL WHICH INCLUDED A TOURNAMENT FORMAT FOR PLAYING SOCCER AND SALE OF FOOD, BEVERAGES, AND T-SHIRTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brent Solek President And Director | 0.5 | $0 | |
Amy Solek Secretary, Treasurer, And Director | 3 | $0 | |
Courtney Solek Director | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $20,449 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $18 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | -$4,461 |
Other Revenue | $0 |
Total Revenue | $16,006 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $156 |
Other expenses | $48 |
Total expenses | $25,204 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $143,080 |
Other assets | $0 |
Total assets | $143,080 |
Total liabilities | $0 |
Net assets or fund balances | $143,080 |
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