2026-07-02T07:11:09-05:00 2025-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE RD STE 1100 LOUISVILLE KY 402225187 990 2025-01-01 611393028 GOVERNOR'S SCHOLARS PROGRAM FOUNDATION INC GOVE 5022094420 112 CONSUMER LANE FRANKFORT KY 40601 WILLIAM MALONE TREASURER 5022094420 2026-05-27 1 CHRISTINE NICHTER P01022180 5024269660 2026-05-27 2025 2025-03-06 01:10:19Z WILLIAM MALONE 112 CONSUMER LANE FRANKFORT KY 40601 1626155 0 X GSP.KY.GOV X 2001 KY TO PROVIDE FINANCIAL SUPPORT FOR THE GOVERNOR'S SCHOLARS PROGRAM, INC. 10 9 1 9 0 0 586269 683449 0 0 258149 523789 36413 27549 880831 1234787 450000 224000 0 0 151145 156581 0 0 0 136698 132498 737843 513079 142988 721708 4257048 5036455 56259 86371 4200789 4950084 TO RAISE AND MANAGE FINANCIAL SUPPORT FOR THE GOVERNOR'S SCHOLARS PROGRAM, INC. (GSP), AS WELL AS TO PROVIDE PLANNED GIVING OPPORTUNITIES FOR DONORS WHO ARE INTERESTED IN SUPPORTING GSP. 0 0 390544 224000 27549 FINANCIAL SUPPORT PROVIDED TO VARIOUS EDUCATIONAL PROGRAMS OF THE GOVERNOR'S SCHOLARS PROGRAM, INC. 390544 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 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 1 0 0 0 1 5 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 KY X ERIN BYRD 5022094420 112 CONSUMER LANE FRANKFORT KY 40601 DOUG DRAUT PRESIDENT/SECRETARY 40.00 X X 129430 0 16372 ALAN STEIN CHAIR 0.50 0.25 X X 0 0 0 VINCE GABBERT VICE CHAIR 0.50 0.25 X X 0 0 0 WILLIAM MALONE TREASURER 0.50 0.25 X X 0 0 0 LAURA COLEMAN PRITCHARD BOARD MEMBER 0.25 0.25 X 0 0 0 LESLIE FUGATE BOARD MEMBER 0.25 0.25 X 0 0 0 WAYNE M MARTIN BOARD MEMBER 0.25 0.25 X 0 0 0 TREY GRAYSON BOARD MEMBER 0.25 0.25 X 0 0 0 ANNE MCKUNE BOARD MEMBER 0.25 0.25 X 0 0 0 SRINI MATAM BOARD MEMBER 0.25 0.25 X 0 0 0 129430 0 16372 1 0 0 0 0 11553 671896 683449 63099 63099 766404 30000 335714 0 430690 30000 460690 460690 3064 11553 3064 0 78321 52590 25731 25731 OTHER INCOME 900099 1818 1818 1818 1234787 27549 0 523789 224000 224000 146680 100085 46595 9901 6931 2970 8602 8602 25353 25353 46550 45846 704 5569 4967 602 2038 2038 5969 5812 157 2667 2667 5298 5298 ADMIN FEE GSP 25430 25430 MISCELLANEOUS 3742 6 3736 PROFESSIONAL DEV - FR 1280 230 1050 513079 390544 122535 0 576014 700003 52524 107138 31972 16500 939 268 538 80000 2667 0 77333 3557128 4173146 4257048 5036455 56259 86371 56259 86371 X 3539921 4247693 660868 702391 4200789 4950084 4257048 5036455 721708 27587 0 X 0 1 X 1 0 X 594810 561911 408468 586269 683449 2834907 594810 561911 408468 586269 683449 2834907 471746 2363161 46604 50452 52855 66987 63099 279997 1818 1818 3116722 374738 0.75820 0.75670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1417245 49023 1466268 1417245 1417245 1417245 1417245 1417245 1417245 1417245 1417245 0.54492 0.45508 0 0 80000 2667 77333 77333 X 1292675 27587 27587 1265088 25353 -55654 -30301 1234787 543380 55654 55654 487726 25353 25353 513079 PART V, LINE 4: THE ENDOWMENT CONSISTS OF FUNDS TO SUPPORT THE LONG-TERM OPERATIONS OF THE FOUNDATION, INCLUDING CONTINUED SUPPORT OF THE GOVERNOR'S SCHOLARS PROGRAM. A PORTION OF THE ENDOWMENT IS ALSO SPECIFIC TO SUPPORTING SCHOLARS AND FACULTY FROM ROWAN AND ELLIOTT COUNTIES ATTENDING THE GOVERNOR'S SCHOLARS PROGRAM. PART X, LINE 2: THE FOUNDATION FILES AN INFORMATIONAL RETURN WITH THE U.S. FEDERAL JURISDICTION AND THE KENTUCKY ATTORNEY GENERAL. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION WAS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX IN 2025 OR 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: MERCHANDISE COGS -52,590. FUNDRAISING EVENT EXPENSES -3,064. PART XII, LINE 2D - OTHER ADJUSTMENTS: MERCHANDISE COGS 52,590. FUNDRAISING EVENT EXPENSES 3,064. 1 GOVERNOR'S SCHOLARS PROGRAM INC 112 CONSUMER LANE FRANKFORT KY 40601 611026274 501(C)(3) 224000 0 ASSIST IN FUNDING CURRENT YEAR OPERATIONS FOR THE GOVERNOR'S SCHOLARS PROGRAM 1 0 PART I, LINE 2: THE FOUNDATION OPERATES EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE GRANT RECIPIENT. GOVERNANCE AND MANAGEMENT OF THE FOUNDATION ARE IN CLOSE CONTACT WITH GOVERNANCE AND MANAGEMENT OF THE GRANT RECIPIENT FOR MONITORING PURPOSES. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED BY THE BOARD TREASURER. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO NOTIFY THE PRESIDENT OF THE BOARD OF ANY CHANGES IN PREVIOUS CONFLICT OF INTEREST STATEMENT SUBMITTED AT THE BEGINNING OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S PERFORMANCE, SALARY AND BENEFITS PACKAGE ARE REVIEWED BY THE BOARD OF TRUSTEES WHICH HAS ACCESS TO COMPARABILITY DATA. THE BOARD MAKES THE FINAL DECISION ON COMPENSATION AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. GOVERNOR'S SCHOLARS PROGRAM INC 112 CONSUMER LANE FRANKFORT KY 40601 611026274 EDUCATIONAL PROGRAMS KY 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0