2023-11-15T08:16:09-06:00 2022-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2022-07-01 611285124 FAMILY SCHOLAR HOUSE INC FAMI 5025848090 403 REG SMITH CIRCLE LOUISVILLE KY 40208 CATHE DYKSTRA PRESIDENT AND CEO 5025848090 2023-11-13 1 CATHE DYKSTRA XXX-XX-XXXX 0 PHILIP H CORNBLATT P00252478 4107834900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHE DYKSTRA 403 REG SMITH CIRCLE LOUISVILLE KY 40208 3064191 0 X WWW.FAMILYSCHOLARHOUSE.ORG X 1995 KY TO END THE CYCLE OF POVERTY AND TRANSFORM OUR COMMUNITY BY EMPOWERING FAMILIES AND YOUTH TO SUCCEED IN EDUCATION AND ACHIEVE LIFE-LONG SELF SUFFICIENCY. 30 30 56 1678 0 0 4241041 2573927 569119 278421 61004 29843 124524 67332 4995688 2949523 147211 168572 0 0 2260814 1527068 0 0 81098 2151257 1177780 4559282 2873420 436406 76103 18614591 18843149 2141457 2294611 16473134 16548538 X THE MISSION OF FAMILY SCHOLAR HOUSE ("FSH") IS TO END THE CYCLE OF POVERTY BY GIVING SINGLE-PARENTS AND YOUNG ADULTS FORMERLY IN FOSTER CARE THE SUPPORT THEY NEED TO OBTAIN POST-SECONDARY EDUCATION THAT LEADS TO A LIVABLE WAGE. FSH WORKS TO END THE CYCLE OF POVERTY AND TRANSFORM OUR COMMUNITY BY EMPOWERING FAMILIES AND YOUTH TO SUCCEED IN EDUCATION AND ACHIEVE LIFE-LONG SELF-SUFFICIENCY. FSH BELIEVES THAT EVERYONE DESERVES THE OPPORTUNITY TO REALIZE THEIR FULL POTENTIAL AND THAT ACCESS TO EDUCATION IS A SIGNIFICANT BARRIER FOR DISADVANTAGED FAMILIES. BY PROVIDING ACADEMIC ADVISING, APPRENTICESHIP OPPORTUNITIES, HOUSING, CHILDCARE, FAMILY SUPPORT SERVICES, AND INTER-GENERATIONAL LEARNING OPPORTUNITIES FOR HEALTH, WELL BEING AND LIFE-SKILLS, WE HELP TO ADDRESS ALL THE BARRIERS TO SUCCESS IN EDUCATION AND LIFE. 0 0 2686851 168572 278421 FSH WORKS TO END THE CYCLE OF POVERTY AND TRANSFORM OUR COMMUNITY BY EMPOWERING FAMILIES AND YOUTH TO SUCCEED IN EDUCATION AND ACHIEVE LIFE-LONG SELF-SUFFICIENCY. FSH GIVES SINGLE PARENTS AND YOUNG ADULTS FORMERLY IN FOSTER CARE THE SUPPORT THEY NEED TO OBTAIN POST-SECONDARY EDUCATION THAT LEADS TO A LIVABLE WAGE. FSH BELIEVES THAT EVERYONE DESERVES THE OPPORTUNITY TO REALIZE THEIR FULL POTENTIAL AND THAT ACCESS TO EDUCATION IS A SIGNIFICANT BARRIER FOR DISADVANTAGED FAMILIES. BY PROVIDING ACADEMIC ADVISING, APPRENTICESHIP OPPORTUNITIES, HOUSING, CHILDCARE, FAMILY SUPPORT SERVICES, AND INTER-GENERATIONAL LEARNING OPPORTUNITIES FOR HEALTH, WELL-BEING AND LIFE SKILLS, FSH HELPS TO ADDRESS ALL THE BARRIERS TO SUCCESS IN EDUCATION AND LIFE. MANY OF THE PARTICIPANTS COME TO FSH LACKING SOME OF THE BASIC LIFE SKILLS NECESSARY FOR THEM TO BE SELF-SUFFICIENT, INCLUDING FINANCIAL LITERACY, HEALTHY LIFESTYLES, STRESS MANAGEMENT, AND PHYSICAL FITNESS. WHILE THE PARENT-SCHOLAR IS AT THE CENTER OF MANY PROGRAMS, FSH ALSO SUPPORTS THE CHILDREN IN OUR PROGRAM, WHO RECEIE THE SUPPORT AND RESOURCES THEY NEED TO BECOME SUCCESSFUL STUDENTS AND ASPIRE TO PROCEED TO HIGHER EDUCATION IN THEIR ADULT LIFE. THIS INCLUDES PROGRAMS LIKE TODDLER BOOK CLUB, CHILDREN FOR CHANGE, AND CAREER ACADEMY. FSH CREATES A COLLEGE-GOING CULTURE FOR EVERY PARTICIPANT IN THE PROGRAM. FSH CAMPUSES BECOME COMMUNITIES OF PEER SUPPORT, PROVIDING A NETWORK OF PEOPLE WITH SIMILAR BACKGROUNDS AND EXPERIENCES WHO STRENGTHEN AND ENCOURAGE ONE ANOTHER THROUGH THE CHALLENGES OF HIGHER EDUCATION AND PARENTING. THUS FAMILY SCHOLAR HOUSE, INC. IS AN EDUCATIONAL PROGRAM WITH A HOUSING COMPONENT THAT UTILIZES INTERNAL RESOURCES AND COMMUNITY COLLABORATIONS TO MEET THE NEEDS OF THE FAMILIES SERVED. 2686851 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 10 0 1 56 1 0 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 1 1 KY X X THE ORGANIZATION 5025848090 403 REG SMITH CIRCLE LOUISVILLE KY 40208 CHRISTIAN BOWLES BOARD MEMBER 1.00 X 0 0 0 KYLE BURNS BOARD MEMBER 1.00 X 0 0 0 ELIZABETH CASSADY BOARD MEMBER 1.00 X 0 0 0 BRANDON FORTSON BOARD MEMBER 1.00 X 0 0 0 STEPHANIE FRANCK BOARD MEMBER 1.00 X 0 0 0 JEREMY FRANKFORTHER BOARD MEMBER 1.00 X 0 0 0 ADAM HALL CHAIR 5.00 X X 0 0 0 NATALIE HENDERSON BOARD MEMBER 1.00 X 0 0 0 KATHY HINKEBEIN BOARD MEMBER 1.00 X 0 0 0 JANINE HOGAN BOARD MEMBER 1.00 X 0 0 0 V FAYE JONES VICE CHAIR 3.00 X X 0 0 0 MICHELE KOCH BOARD MEMBER 1.00 X 0 0 0 EBONY SPENCER-MULDROW BOARD MEMBER 1.00 X 0 0 0 KIM MORALES BOARD MEMBER 1.00 X 0 0 0 MARY PUTMAN BOARD MEMBER 1.00 X 0 0 0 TAWANDA LEWIS OWSLEY BOARD MEMBER 1.00 X 0 0 0 GEORGE MCMINN BOARD MEMBER 1.00 X 0 0 0 LAURA PETRY BOARD MEMBER 1.00 X 0 0 0 KRISTIN PICKERELL BOARD MEMBER 1.00 X 0 0 0 TRACY REDMON TREASURER 1.00 X X 0 0 0 TALLEY RUSSELL BOARD MEMBER 1.00 X 0 0 0 JULIE SAFLEY BOARD MEMBER 1.00 X 0 0 0 BRANDI SANDERS BOARD MEMBER 1.00 X 0 0 0 ERIC SETO BOARD MEMBER 1.00 X 0 0 0 KATLIN SHUMATE GORDON BOARD MEMBER 1.00 X 0 0 0 KELLYE SINGLETARY BOARD MEMBER 1.00 X 0 0 0 MELINDA SUNDERLAND BOARD MEMBER 1.00 X 0 0 0 RENEAU WAGGONER BOARD MEMBER 1.00 X 0 0 0 JOI WILLIAMS SECRETARY 1.00 X X 0 0 0 LA'KEISHA JAMES BOARD MEMBER 1.00 X 0 0 0 KATE L BRACKETT CHIEF OPERATING OFFICER 60.00 X 116532 0 10767 CATHE DYKSTRA PRESIDENT & CEO 60.00 X 220864 0 16639 337396 0 27406 2 0 1 0 KERNS SOLUTION CONSULTING LLC 3103 DANBURY COURT LOUISVILLE KY 40242 DATABASE CONSULTING/ADMIN 120000 1 67715 1650446 855766 18745 2573927 RENTAL INCOME 531110 221236 221236 PROJECT SERVICES 900099 36733 36733 INTEREST ON AFF. NOTES 900099 20498 20498 OTHER INCOME 900099 -46 -46 278421 29843 29843 182000 67715 114668 67332 67332 2949523 278421 0 97175 168572 168572 337397 310499 26898 962907 919909 8966 34032 21583 20872 711 100850 94820 632 5398 104331 99585 2023 2723 45582 3360 42222 106428 94428 12000 30788 29147 1641 13033 13033 17695 17685 10 13107 13107 329198 321744 7454 35728 26728 9000 CONTRACT SERVICES 232964 232964 PROGRAM PUBLICATIONS 142747 142747 REPAIRS AND MAINTENANCE 69885 68240 1645 EMPLOYEE TRAINING 61921 61921 78704 47490 4269 26945 2873420 2686851 105471 81098 3473662 3698321 287497 409462 29637 32669 1410051 1436543 309014 202022 17628540 7345636 10357232 10282904 2674822 2682505 72676 98723 18614591 18843149 189175 195131 130767 277965 1821515 1821515 2141457 2294611 X 15673568 15824785 799566 723753 16473134 16548538 18614591 18843149 76103 -699 0 X X 0 1 X 1 1 1 X 1513003 2086548 4149310 4241041 2506212 14496114 1513003 2086548 4149310 4241041 2506212 14496114 1621081 12875033 253300 46649 60926 61004 29843 451722 414789 422583 118879 124524 67332 1148107 16095943 1940539 0.79990 0.75640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 821309 821309 14957513 6504315 8453198 408181 408181 1223139 748882 474257 218398 92439 125959 10282904 INVESTMENTS IN SJSH -1 C INVESTMENT IN PARKLAND SH 97 C INVESTMENT IN DSH 499705 C INVESTMENT IN PIKEVILLE SH 12 C NOTES RECEIVABLE TO DSH 1956259 C NOTES RECEIVABLE TO PARKLAND SCHOLAR HOUSE 156508 C NOTES RECEIVABLE TO STODDARD JOHNSTON SCHOLAR HOUSE 69925 C 2682505 X PART X, LINE 2: FAMILY SCHOLAR HOUSE, INC. ("FSH") AND ITS CONSOLIDATED NONPROFIT CORPORATIONS ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE STATUTES. FSH DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE PERIOD FROM JULY 1, 2022 THROUGH DECEMBER 31, 2022 AND THE YEAR ENDED JUNE 30, 2022. ALL NONPROFIT CORPORATIONS ARE REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAX RETURNS FILED BY THE ORGANIZATION AND ITS CONSOLIDATED ENTITIES ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. GALA EVENT 249715 67715 182000 82573 4575 27520 249715 67715 182000 82573 4575 27520 114668 67332 1 BASIC NEEDS 1322 4891 56322 COST CHILDCARE/HOUSING EDUCATION 784 5846 34977 COST EDUCATIONAL ASSISTANCE/MATERIALS FOOD 2793 4133 53461 COST EMERGENCY FOOD TRANSPORTATION 391 0 8942 COST BUS PASSES/VAN FUEL PART I, LINE 2: ALL GRANT FUNDS RECEIVED BY FAMILY SCHOLAR HOUSE, INC. ARE MANAGED ACCORDING TO THE TERMS AND RESTRICTIONS OUTLINED BY THE GRANTORS, INCLUDING PROGRAM COMPLIANCE AND OUTCOMES, SPENDING, AND REPORTING. THE VICE PRESIDENT OF PROGRAMS AND SERVICES IS RESPONSIBLE FOR MONITORING AND IMPLEMENTING ALL PROGRAM COMPLIANCE AND OUTCOMES MEASUREMENT TO ENSURE THEY MEET THE RESTRICTIONS AND TERMS OF THE GRANT AWARD. THE DONOR RELATIONS SPECIALIST IS RESPONSIBLE FOR ALLOCATING LINE-ITEM EXPENSES TO ALL RESTRICTED GRANTS AND MAINTAINING ALL RESTRICTED GRANT FILES INCLUDING AGREEMENTS, REPORTS, INVOICES, AND SPENDING DOCUMENTATION. THE EXTERNAL BOOKKEEPING SERVICE POSTS ALL RESTRICTED GRANT SPENDING INTO THE ACCOUNTING SYSTEM, MAINTAINING REMAINING BALANCES FOR ALL OPEN RESTRICTED GRANTS RECEIVED. THE DIRECTOR OF MISSION ADVANCEMENT IS RESPONSIBLE FOR ALL REQUIRED GRANT REPORTING, SPENDING OVERSIGHT, SUPERVISION OF THE ACTIVITIES OF THE DONOR RELATIONS SPECIALIST, AND LIAISING WITH THE EXTERNAL BOOKKEEPING SERVICE. X X 0 0 0 0 0 0 0 0 0 CATHE DYKSTRA PRESIDENT & CEO 220864 0 0 0 0 0 8461 0 8178 0 237503 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE FINANCE COMMITTEE, INCLUDING THE BOARD TREASURER. RECOMMENDATIONS ARE THEN MADE TO THE EXECUTIVE COMMITTEE FOR ACTION. THE 990 IS THEN SIGNED BY THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION B, LINE 12C EVERY BOARD MEMBER COMPLETES A CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE THEN REVIEWED BY THE BOARD GOVERNANCE COMMITTEE AND ANY CHANGES THAT ARE RECOMMENDED ARE REFERRED TO THE EXECUTIVE COMMITTEE AND/OR FULL BOARD FOR ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS, USE OF DATA AS TO COMPARABLE COMPENSATION, AND CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES THAT RECEIVE COMPENSATION FROM THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT BY EVALUATING THE INDEPENDENT AUDITORS QUALIFICATIONS, INDEPENDENCE, AND PERFORMANCE BASED ON THE MEMBERS EXPERIENCE IN BUDGETING AND FINANCIAL MANAGEMENT, INTEREST IN THE MISSION OF FAMILY SCHOLAR HOUSE, AND THEIR DESIRE TO USE FINANCIAL SKILLS TO ASSIST IN THE WORK OF FAMILY SCHOLAR HOUSE. PROJECT WOMEN DEVELOPMENT LLC 403 REG SMITH CIRCLE LOUISVILLE KY 40208 262858725 CONSULTING KY FSH INC SJSH GP LLC 403 REG SMITH CIRCLE LOUISVILLE KY 40208 460766533 LIHTC KY 0 -157 FSH INC LOUISVILLE SCHOLAR HOUSE LLC 403 REG SMITH CIRCLE LOUISVILLE KY 40208 208929773 LIHTC KY 221193 6773302 FSH INC DOWNTOWN SCHOLAR HOUSE LLLP 403 REG SMITH CIRCLE LOUISVILLE KY 40208 270661625 CONSTRUCTION KY N/A N/A 0 1 STODDARD JOHNSTON SCHOLAR HOUSE LLLP 403 REG SMITH CIRCLE LOUISVILLE KY 40208 273079175 CONSTRUCTION KY SJSP GP LLC RELATED -157 0 1 0.00010 PARKLAND SCHOLAR HOUSE LLLP 403 REG SMITH CIRCLE LOUISVILLE KY 40208 371696499 CONSTRUCTION KY N/A N/A 0 1 0.00010 DSH GP INC 403 REG SMITH CIRCLE LOUISVILLE KY 40208 272147115 LIHTC KY FSH INC C -381 503356 1.00000 1 PARKLAND GP LLC 403 REG SMITH CIRCLE LOUISVILLE KY 40208 455565154 LIHTC KY FSH INC C -49 193416 1.00000 1 PARKLAND SCHOLAR HOUSE LLLP 403 REG SMITH CIRCLE LOUISVILLE KY 40208 371696499 CONSTRUCTION KY FSH INC C -49 193414 0.00010 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 DOWNTOWN SCHOLAR HOUSE LLC D 1956259 COST PARKLAND SCHOLAR HOUSE D 156508 COST STODDARD JOHNSTON SCHOLAR HOUSE D 69925 COST