BETA

A PAY IT FORWARD SCHOLARSHIP CORPORATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
A PAY IT FORWARD SCHOLARSHIP CORPORATION (EIN 27-5096979)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-04-28
IRS object ID
202521189349300947
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-04-28T13:25:44-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN832175462PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MARSHALL JONESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line130000 MILL CREEK AVE STE 340AddressLine1Txt
CityALPHARETTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30022ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN275096979EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1A PAY IT FORWARD SCHOLARSHIP CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAPAYBusinessNameControlTxt
Phone7705343611PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1615 OAK STREET AAddressLine1Txt
CityGAINESVILLECityNm
State AbbreviationGAStateAbbreviationCd
ZIP30501ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAURA HAYNESPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone7705343611PhoneNum
Signature2025-04-28SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd
Form8822 B AttachedYes (X)Form8822BAttachedInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNATHAN LUMMUSPreparerPersonNm
PTINP02049603PTIN
Phone4042312001PhoneNum
Preparation2025-04-25PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Name ChangeYes (X)NameChangeInd
Principal OfficerLAURA HAYNESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1615 OAK STREET AAddressLine1Txt
CityGAINESVILLECityNm
State AbbreviationGAStateAbbreviationCd
ZIP30501ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,416,090GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressPAYITFORWARDSCHOLARSHIPS.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionPROVIDE TUITION SCHOLARSHIPS TO PRE-K THROUGH 12TH GRADE GEORGIA PRIVATE SCHOOL STUDENTS IN ACCORDANCE WITH GEORGIA LAW.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,547,927PYContributionsGrantsAmt
CY Contributions Grants$1,416,090CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,547,927PYTotalRevenueAmt
CY Total Revenue$1,416,090CYTotalRevenueAmt
PY Grants And Similar Paid$1,153,873PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,266,434CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$121,449PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$97,156CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$52,293CYTotalFundraisingExpenseAmt
PY Other Expenses$61,186PYOtherExpensesAmt
CY Other Expenses$61,925CYOtherExpensesAmt
PY Total Expenses$1,336,508PYTotalExpensesAmt
CY Total Expenses$1,425,515CYTotalExpensesAmt
PY Revenues Less Expenses$211,419PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$9,425CYRevenuesLessExpensesAmt
Total Assets BOY$444,685TotalAssetsBOYAmt
Total Assets EOY$436,471TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,211TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$444,685NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$435,260NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE TUITION SCHOLARSHIPS TO PRE-K THROUGH 12TH GRADE GEORGIA STUDENTSMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,292,581ExpenseAmt
Grant$1,266,434GrantAmt
DescPROVIDE TUITION SCHOLARSHIPS TO PRE-K THROUGH 12TH GRADE GEORGIA STUDENTSDesc
Total Program Service Expenses$1,292,581TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAURA HAYNESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7705343611PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1615 OAK STREET AAddressLine1Txt
CityGAINESVILLECityNm
State AbbreviationGAStateAbbreviationCd
ZIP30501ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LAURA HAYNES
EXECUTIVE DIRECTOR40.00Yes (X)Yes (X)$53,250$0$0
AMBER ANDERSON
BOARD MEMBER1.00Yes (X)$0$0$0
JASON BUFORD
BOARD MEMBER1.00Yes (X)$0$0$0
SHANNON HORN
BOARD MEMBER1.00Yes (X)$0$0$0
JON GOINS
BOARD MEMBER1.00Yes (X)$0$0$0
CARY SINNETT
BOARD CHAIR (OUTGOING)20.00Yes (X)$62,500$0$0
DIXIE TRUELOVE
BOARD MEMBER1.00Yes (X)$0$0$0
MERRITT STEWART
BOARD CHAIR1.00Yes (X)$0$0$0
JULIA GREENE
SECRETARY/TREASURER1.00Yes (X)$0$0$0
ELISABETH BALDWIN
VICE-CHAIR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$115,750TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,416,090AllOtherContributionsAmt
Total Contributions$1,416,090TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,416,090TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,266,434TotalAmt
Program Services$1,266,434ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$90,336TotalAmt
Program Services$22,584ProgramServicesAmt
Management And General$22,584ManagementAndGeneralAmt
Fundraising$45,168FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,820TotalAmt
Program Services$1,705ProgramServicesAmt
Management And General$1,705ManagementAndGeneralAmt
Fundraising$3,410FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$48,963TotalAmt
Management And General$48,963ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,795TotalAmt
Program Services$1,199ProgramServicesAmt
Management And General$1,199ManagementAndGeneralAmt
Fundraising$2,397FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,593TotalAmt
Management And General$3,593ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,636TotalAmt
Program Services$659ProgramServicesAmt
Management And General$659ManagementAndGeneralAmt
Fundraising$1,318FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,763TotalAmt
Management And General$1,763ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescCONTINUING EDUCATIONDesc
Total$175TotalAmt
Management And General$175ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,425,515TotalAmt
Program Services$1,292,581ProgramServicesAmt
Management And General$80,641ManagementAndGeneralAmt
Fundraising$52,293FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$444,685BOYAmt
EOY$436,471EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$444,685BOYAmt
EOY$436,471EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$1,211EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,211EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$42,735BOYAmt
EOY$208,575EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$401,950BOYAmt
EOY$226,685EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$444,685BOYAmt
EOY$435,260EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$444,685BOYAmt
EOY$436,471EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$9,425ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$904,516CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$921,931CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$890,701CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,547,927CurrentTaxYearMinus1YearAmt
Current Tax Year$1,416,090CurrentTaxYearAmt
Total$5,681,165TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$904,516CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$921,931CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$890,701CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,547,927CurrentTaxYearMinus1YearAmt
Current Tax Year$1,416,090CurrentTaxYearAmt
Total$5,681,165TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$5,681,165PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$904,516CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$921,931CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$890,701CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,547,927CurrentTaxYearMinus1YearAmt
Current Tax Year$1,416,090CurrentTaxYearAmt
Total$5,681,165TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5091.00000PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,416,090TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,416,090RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,416,090TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,425,515TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,425,515ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,425,515TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION ONLY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE THE ORGANIZATION OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE THAT ANY ADJUSTMENTS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient758RecipientCnt
Cash Grant$1,266,434CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS CIRCULATED TO THE BOARD FOR APPROVAL VIA EMAIL.
FORM 990, PART VI, SECTION B, LINE 12CEACH NEW BOARD MEMBER SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH BOARD MEMBER MUST ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE BOARD MEMBER IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. EACH BOARD MEMBER SHOULD ALSO DISCLOSE TO THE BOARD OF DIRECTORS ANY POTENTIAL CONFLICT OF INTEREST THAT MAY ARISE DURING THE COURSE OF THE YEAR BETWEEN THE SUBMISSION OF ANNUAL DISCLOSURE FORMS. THIS POLICY IS REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL BOARD MEMBERS.
FORM 990, PART VI, SECTION B, LINE 15990, IN 2012 THE GOVERNING BODY UNDERWENT A RESEARCH AND EXAMINATION PROCESS TO DETERMINE AN APPROPRIATE COMPENSATION MODEL FOR AN EXECUTIVE DIRECTOR POSITION. THIS PROCESS WAS REVIEWED, AND APPROVED BY AN INDEPENDENT GROUP WITH EXPERTISE IN NON-PROFIT COMPENSATION, WHICH INCLUDED COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. IN 2013 THE GOVERNING BODY REVIEWED THIS INFORMATION TO CONFIRM ITS VALIDITY OVER TIME. COMPENSATION FOR ALL EMPLOYEES IS REVIEWED BY THE BOARD OF DIRECTORS, AND IS COMPARABLE TO OR, LESS THAN INDUSTRY STANDARDS
FORM 990, PART VI, SECTION C, LINE 18THE FORM 1023, 990, AND OTHER RELATED TAX DOCUMENTS ARE AVAILABLE UPON REQUEST. THE 990 IS ALSO AVAILABLE ON VARIOUS WEBSITES.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

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