2023-06-12T08:48:30-05:00 2022-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE RD STE 1100 LOUISVILLE KY 402225187 990 2022-01-01 611393028 GOVERNOR'S SCHOLARS PROGRAM FOUNDATION INC GOVE 5022094420 112 CONSUMER LANE FRANKFORT KY 40601 WILLIAM MALONE TREASURER 5022094420 2023-05-31 1 WILLIAM MALONE 999009999 0 CHRISTINE N KOENIG P01022180 5024269660 2023-05-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM MALONE 112 CONSUMER LANE FRANKFORT KY 40601 844526 0 X GSP.KY.GOV X 2001 KY TO PROVIDE FINANCIAL SUPPORT FOR THE GOVERNOR'S SCHOLARS PROGRAM, INC. 8 7 1 7 0 0 594810 561911 0 0 96244 51275 27192 38195 718246 651381 319577 285000 0 0 138453 141162 0 0 0 131771 122760 589801 548922 128445 102459 4012760 3597407 2409 38553 4010351 3558854 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 447555 285000 38195 FINANCIAL SUPPORT PROVIDED TO VARIOUS EDUCATIONAL PROGRAMS OF THE GOVERNOR'S SCHOLARS PROGRAM, INC. 447555 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 KY X BONNIE MULLIN 5022094420 112 CONSUMER LANE FRANKFORT KY 40601 DOUG DRAUT PRESIDENT/SECRETARY 40.00 X X 117254 0 14938 ALAN STEIN CHAIR 0.50 X X 0 0 0 VINCE GABBERT VICE CHAIR 0.25 X X 0 0 0 WILLIAM MALONE TREASURER 0.50 X X 0 0 0 LAURA COLEMAN PRITCHARD BOARD MEMBER 0.25 X 0 0 0 HAROLD H HAL SMITH BOARD MEMBER 0.25 X 0 0 0 WAYNE M MARTIN BOARD MEMBER 0.25 X 0 0 0 TREY GRAYSON GSP CHAIR 0.50 X 0 0 0 117254 0 14938 1 0 0 0 0 12805 549106 561911 50452 50452 151261 150438 823 823 823 2820 12805 2820 0 78082 39887 38195 38195 651381 38195 0 51275 285000 285000 132192 97016 35176 8970 6279 2691 6506 6506 23276 23276 47305 46380 925 2010 1025 985 2074 2074 5768 5202 566 3633 3633 ADMIN FEE GSP 22289 22289 MISCELLANEOUS 7340 6613 727 STAFF APPRECIATION 2286 2286 PROFESSIONAL DEV - FR 173 40 133 100 100 548922 447555 101367 0 388843 413334 88270 117862 19218 22721 413 53439 3509786 2983675 6230 6376 4012760 3597407 2409 38553 2409 38553 X 3297687 2815567 712664 743287 4010351 3558854 4012760 3597407 102459 -553956 0 X 0 1 X 1 0 X 567264 379836 307629 594810 561911 2411450 567264 379836 307629 594810 561911 2411450 376737 2034713 50970 176872 47487 46604 50452 372385 2783835 159434 0.73090 0.73340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1417245 1417245 1417245 1417245 1417245 1417245 1417245 1417245 1417245 1417245 0.56377 0.43623 0 0 0 X 116856 -553956 -553956 670812 23276 -42707 -19431 651381 568353 42707 42707 525646 23276 23276 548922 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 2022 OR 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: MERCHANDISE COGS -39,887. FUNDRAISING EVENT EXPENSES -2,820. PART XII, LINE 2D - OTHER ADJUSTMENTS: MERCHANDISE COGS 39,887. FUNDRAISING EVENT EXPENSES 2,820. ALUMNI REUNION 15625 12805 2820 2820 15625 12805 2820 2820 2820 0 1 GOVERNOR'S SCHOLARS PROGRAM INC 112 CONSUMER LANE FRANKFORT KY 40601 611026274 501(C)(3) 285000 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