2025-02-21T11:51:39-08:00 2024-12-31 043676242 John Fandel LLC 614 Maple St Myrtle Point OR 97458 990 2024-01-01 930834500 Powers Community Scholarship Fund POWE 5414393791 PO Box 565 Powers OR 97466 Ellen Baldwin Treasurer 2025-02-21 true true Seth Fandel CPA P01341694 5415722373 X 2024 2025-03-06 01:10:19Z PO Box 565 Powers OR 97466 91387 false X N/A X 2004 OR To provide money for Powers high school graduating students pursuing a post secondary education. 6 0 0 0 12038 5510 0 85220 85877 0 97258 91387 0 0 0 0 0 8588 22980 8588 22980 88670 68407 849150 917556 1 0 849149 917556 To provide money for Powers high school graduating students pursuing a post secondary education. false false 21200 Has provided money for Powers high school graduating students pursuing a post secondary education. 21200 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 6 0 false false false false false false false true true false false false false false false false false false OR X Ellen Baldwin 5414393791 PO Box 565 Powers OR 97466 X Micky Bushnell Trustee 0.00 0.00 X 0 0 0 Jeff Allred Trustee 0.00 0.00 X 0 0 0 John Fandel President 0.00 0.00 X 0 0 0 Jackie Anderson Trustee 0.00 0.00 X 0 0 0 Sam Stevens Trustee 0.00 0.00 X 0 0 0 Ellen Baldwin Treasurer 0.00 0.00 X 0 0 0 0 false false false 0 5510 5510 0 16953 16953 0 0 0 68924 68924 68924 68924 0 0 0 0 91387 85877 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1311 1311 0 0 0 0 0 0 0 0 0 0 0 0 0 Scholarships Awarded 21200 21200 Professional 250 250 Fees 175 175 Supplies 44 44 0 22980 21200 1780 0 9367 17198 135709 123594 0 0 0 0 0 0 0 0 704074 776764 0 0 0 0 849150 917556 1 1 0 X 849149 917556 849149 917556 849150 917556 68407 X false false false X 2709 8557 32860 12038 5510 61674 0 0 0 0 2709 8557 32860 12038 5510 61674 0 0 61674 8379 6933 10593 15936 15953 57794 0 8379 6933 10593 15936 15953 57794 0 0 11088 15490 43453 27974 21463 119468 0.51620 0.62860 0.48380 0.37140 X Part I: Additional Information Organization: "Powers Community Scholarship Fund "Type of Organization: Public charity that provides scholarships to all graduates of Powers High school that apply and pursue higher education.Financial Information:Public Support:o2024: 52%o2023: 63%Investment Income:o2024: 48%o2023: 37%IRS Public Support Test and Investment Income Test:The public support test requires the charity to receive at least 33 1/3% of its support from the general public (this is met for both 2023 and 2024).The investment income test stipulates that no more than 33 1/3% of the charity's support can come from investment income. In both 2023 and 2024, the organization's investment income exceeds this threshold (37% in 2023 and 48% in 2024), meaning it fails the investment income test.________________________________________Facts and Circumstances EvaluationDespite failing the investment income test, " Powers Community Scholarship Fund." should still qualify as a public charity and can demonstrate sufficient reliance on public support and fulfills the other requirements as determined by the facts and circumstances test. The IRS should consider the following factors:1. Nature of the Organizations Activities:Mission: The Scholarship Fund is exclusively focused on providing scholarships to students for higher education, which is a broad public benefit and fulfills an important social need. The public support for these activities is clear.Public Benefit: The scholarships directly serve a small but diverse population, benefiting individuals from across various socioeconomic and demographic groups.2. History of Public Support:In 2023, the organization had 63% public support, which indicates a strong reliance on the public for funding, suggesting that the foundation's primary support is from contributions and grants rather than investment income. Even though investment income was higher in 2024 (48%), the historical public support (63%) in 2023 demonstrates a solid pattern of public backing.The organizations reliance on investment income in 2024 could be attributed to a temporary fluctuation in public support, rather than a permanent shift away from it.3. Source of Investment Income:The organizations investment income primarily comes from an investment created for long-term stability, rather than from ongoing, active investment strategies. The income is used to ensure the sustainability of the scholarship program in perpetuity.The investment income could also be relatively volatile, due to fluctuations in market conditions, which may not reflect a long-term trend. This could be temporary, and in future years, the foundation should return to a more typical percentage of public support.4. Public Donations and Fundraising Efforts:The foundation consistently conducts public fundraising campaigns, engages with donors, and is actively involved in community outreach. It has a robust donor base with significant contributions from individuals both 2022 and 2023.The charity maintains transparency in its financial reporting, ensuring that public donations are used effectively for scholarships further demonstrating a commitment to fulfilling its public charity status.5. Other Support Sources:While investment income has exceeded the permissible threshold in 2023 and 2024, the organization's other sources of funding (e.g., individual donations) remain strong and contribute significantly to its ability to provide scholarships. The overall reliance on public contributions is still substantial, and the investment income is more of a supplement than the primary support mechanism.________________________________________Conclusion:Despite failing the investment income test in both 2023 and 2024, the Scholarship Fund can still be considered a public charity under the facts and circumstances test. The organization clearly relies on public donations and grants for a majority of its support, evidenced by its 52% public support in 2024 and 63% in 2023. The higher investment income percentages in these years are likely due to market fluctuations and may not reflect a long-term trend. Given that the organization's activities serve the public good and it continues to receive substantial support from the public, it remains eligible to retain its public charity status. Part I, Line 12f: Supported Org Not Named in Organizing Documents Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section C, Line 19 No documents available to the public.