2024-05-15T11:26:13+00:00 2023-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2022-07-01 611709239 Arete Scholars Louisiana Inc ARET 4046972649 3617 Braselton Hwy Suite 101 Dacula GA 30019 Arthur Dupre President 4046972649 2024-05-15 true Arthur Dupre 999009999 true Luke Burnett P01079018 5055022746 2022 2023-04-26 12:10:37Z Arthur Dupre 3617 Braselton Hwy Suite 101 Dacula GA 30019 9257147 false X www.aretescholars.org X 2013 LA To assist low-income students in reaching their highest potential through educational opportunity. 7 6 4 26 0 0 9746250 9098680 0 0 22681 133043 0 6642 9768931 9238365 1879884 3875457 0 0 413929 357935 0 0 162816 86036 163569 2379849 4396961 7389082 4841404 10268726 15000023 180200 70093 10088526 14929930 To help economically disadvantaged children discover and use their unique gifts and talents through educational opportunity. 4121363 3875457 0 Arete Scholars Louisiana, Inc. awarded 899 K4-12 Education scholarships, for a total of $3,875,457 during the 2022-2023 fiscal year. Scholarships were awarded solely to qualifying low-income students. The scholarships give parents, whose choices are otherwise limited, the opportunity to select the K4-12 private school that best meets their childrens needs. The scholarships pay up to $4,436 for K-8 and $4,990 for 9-12 for private school tuition and fees. 4121363 true true false false false false false false false false true false false true false true false false false false false false false true false false false true false false false false false false false false false false false false false false true true true false false true 1 0 true 4 true false false false false false false false false false false false false X 7 6 false false false false false false false true false false false true true true true true true false false false X Mike Townsend 4049650600 3617 Braselton Hwy Ste 101 Dacula GA 30019 Al Petrangeli Treasurer 1.0 1.0 X X 0 0 0 Arthur Dupre President 10.0 40.0 X X 0 244388 14457 Chris Prince Vice Chairman 1.0 1.0 X X 0 0 0 Derek Monjure Board Member 1.0 1.0 X X 0 0 0 Gregory Beadles Board Chairman 1.0 1.0 X X 0 0 0 Terry Tucker Secretary 1.0 1.0 X X 0 0 0 James Smith Board Member 1.0 1.0 X 0 0 0 0 244388 14457 0 false false false 0 9098680 9098680 0 0 0 0 0 133043 133043 0 0 0 0 25424 0 18782 6642 6642 0 0 0 0 0 9238365 0 0 139685 3875457 3875457 320256 172137 32026 116093 6668 3584 667 2417 15082 8107 1508 5467 15929 8562 1593 5774 37335 37335 1300 500 800 0 27965 27965 15126 9810 1390 3926 1460 1460 16350 8788 1635 5927 20709 11131 2071 7507 10444 5614 1044 3786 Testing 16975 9124 1698 6153 15905 8549 1590 5766 4396961 4121363 112782 162816 56871 1263904 10211855 1941151 0 0 0 0 0 3640562 0 8154406 0 0 0 10268726 15000023 51389 16689 0 128811 53404 180200 70093 X 209258 302110 9879268 14627820 10088526 14929930 10268726 15000023 4841404 0 X false true X true false X 5598886 2495700 1800929 9746250 9098680 28740445 0 0 5598886 2495700 1800929 9746250 9098680 28740445 7191911 21548534 43812 49377 13931 22681 133043 262844 6642 6642 0 0 0 0 0 0 29009931 0 0.7428 0.7543 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Certificates of Deposits 1694829 Corporate Debt Securities 1792229 United States Treasury Notes 4667348 8154406 Payable to Related Org 53404 53404 9257147 18782 18782 9238365 0 0 9238365 4415743 18782 18782 4396961 0 0 4396961 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Fundraising Expense - 18782 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising Expense - 18782 Golf Tournament 25424 25424 18782 0 0 25424 25424 18782 18782 6642 true Scholarship 899 3875457 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Arete Scholars Louisiana, Inc. offers a limited amount of scholarships to students based solely on financial need. Applicants are required to furnish information pertinent to the determination of parental income and the ability to meet tuition requirements. Each application is considered on an individual basis and applications are reviewed annually. Awards are made to each student and the checks are made payable to the school and the parent. Form 990, Part VI, Line 15 The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The Board and officers sign conflict of interest statements. The Board Vice Chairman is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. The Board Chairman reviews the Board Vice Chairman's signed statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Line 19 Required documents available to the public Arete Scholars Louisiana makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Arete Scholars Fund Inc 3617 Braselton Hwy Ste 101 Dacula GA 30019 272494520 Assist low-income students reach their highest potential through GA 501(c)(3) 10 Arete Scholars Louisiana Inc true false false false false true false false false false false false false false true true true false false false Arete Scholars Fund Inc E 53404 Arete Scholars Fund Inc N 0 Arete Scholars Fund inc O 0 Arete Scholars Fund Inc P 0