Hesburgh-Yusko Scholars Foundation
- Assets
- $3.3m
- Revenue
- $127.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 27-1153971
Organization Overview
Hesburgh-Yusko Scholars Foundation is located in Chapel Hill, NC. The organization was established in 2010. 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. Hesburgh-Yusko Scholars Foundation 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 12/2023, Hesburgh-Yusko Scholars Foundation generated $127.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $157.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HESBURGH-YUSKO SCHOLARS PROGRAM IS THE FIRST MERIT-BASED AND ENRICHMENT SCHOLARSHIP PROGRAM AT THE UNIVERSITY OF NOTRE DAME, BUT THE BENEFITS FOR SCHOLARS FAR EXCEED THE MONETARY AWARD. THE PROGRAM IS ALSO A LEADERSHIP DEVELOPMENT PROGRAM THAT ENGAGES STUDENTS THROUGHOUT THE ACADEMIC YEAR AND SUMMER.SCHOLARSHIP AWARD:EACH HESBURGH-YUSKO SCHOLAR RECEIVES FOUR YEARS OF MERIT SCHOLARSHIP AWARDS OF $25,000 PER YEAR ($100,000 OVER FOUR YEARS) TOWARD THE COST OF ATTENDING NOTRE DAME. SCHOLARS ENROLLED IN FIVE-YEAR UNDERGRADUATE PROGRAMS, SUCH AS IN SCHOOL OF ARCHITECTURE, MAY RECEIVE SPECIAL CONSIDERATION FOR CONTINUED FUNDING THROUGH THEIR FIFTH YEAR.SUMMER ENRICHMENT EXPERIENCES:SCHOLARS PARTICIPATE IN FOUR FULLY FUNDED SUMMER ENRICHMENT EXPERIENCES, BEGINNING THE SUMMER PRIOR TO THEIR FIRST YEAR. THESE SUMMER EXPERIENCES OFFER HESBURGH-YUSKO SCHOLARS UNPARALLELED OPPORTUNITIES TO DEVELOP AND EXPLORE PASSIONS OUTSIDE OF THE CLASSROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark W Yusko President And Treasurer | 10 | $0 | |
Stacey M Yusko VP And Secretary | 1 | $0 | |
Sara Yusko Madden At Large Member | 0 | $0 | |
Jack Yusko At Large Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,128 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,587 |
| Capital Gain Net Income | $5,587 |
| Net ST Capital Gain | $10 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,792 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,948 |
| Total operating and administrative expenses | $7,135 |
| Contributions, gifts, grants paid | $150,000 |
| Total expenses and disbursements | $157,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,211 |
| Savings and temporary cash investments | $943,676 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,324,357 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,310,244 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |