2022-01-11T18:00:48-06:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2020-07-01 330905269 SCHOLARS' HOPE FOUNDATION SCHO 7142745142 11947 VALLEY VIEW ST NO 5337 GARDEN GROVE CA 92846 MARK CZEPIEL TREASURER 7142745142 2022-01-10 1 MARK CZEPIEL 999009999 CANDACE M RAFFA CPA P00534157 7149781300 2022-01-10 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z COLLEEN A MENSEL 11947 VALLEY VIEW ST NO 5337 GARDEN GROVE CA 92846 337899 0 X WWW.SCHOLARSHOPE.ORG X 2000 CA TO INSPIRE AND GUIDE OUR YOUTH TO BUILD CONFIDENCE FOR SUCCESS IN HIGHER EDUCATION.SCHOLARS' HOPE FOUNDATION PREPARES STUDENTS THE ACADEMIC AND SOCIAL-EMOTIONAL CHALLENGES OF LIFE. OUR RESEARCHED BASED AND RESULTS DRIVEN CURRICULUM IS MAKING AN UNDENIABLE IMPACT ON YOUTH. THIS IMPACT IS DEMONSTRATED THROUGH HIGHER GPA'S, HIGHER COLLEGE ELIGIBILITY AND PREPAREDNESS FOR THE DEMANDS OF COLLEGE. 6 6 10 20 0 0 280295 291172 330 5489 18326 4023 67767 37215 366718 337899 0 0 0 0 574352 385680 0 0 52299 151868 64239 726220 449919 -359502 -112020 685041 704677 125888 140618 559153 564059 X TO INSPIRE AND GUIDE OUR YOUTH TO BUILD CONFIDENCE FOR SUCCESS IN HIGHER EDUCATION.SCHOLARS' HOPE FOUNDATION PREPARES STUDENTS THE ACADEMIC AND SOCIAL-EMOTIONAL CHALLENGES OF LIFE. OUR RESEARCHED BASED AND RESULTS DRIVEN CURRICULUM IS MAKING AN UNDENIABLE IMPACT ON YOUTH. THIS IMPACT IS DEMONSTRATED THROUGH HIGHER GPA'S, HIGHER COLLEGE ELIGIBILITY AND PREPAREDNESS FOR THE DEMANDS OF COLLEGE. 0 0 372699 88 SCHOLARS' HOPE FOUNDATION PREPARES STUDENTS THE ACADEMIC AND SOCIAL-EMOTIONAL CHALLENGES OF LIFE. OUR RESEARCHED BASED AND RESULTS DRIVEN CURRICULUM IS MAKING AN UNDENIABLE IMPACT ON YOUTH. THIS IMPACT IS DEMONSTRATED THROUGH HIGHER GPA'S, HIGHER COLLEGE ELIGIBILITY AND PREPAREDNESS FOR THE DEMANDS OF COLLEGE. 372699 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 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 0 0 0 0 0 0 0 1 5 0 1 10 1 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X X COLLEEN MENSEL 7142745142 17071 GOTHARD ST HUNTINGTON BEACH CA 92647 MARK CZEPIEL TREASURER 4.00 X 0 0 0 STAN MULLIN DIRECTOR 2.00 X 0 0 0 CAMERON JALBERT DIRECTOR 2.00 X 0 0 0 RONI ELLIS CHAIR 2.00 X 0 0 0 TONI GREGORY SECRETARY 2.00 X 0 0 0 DEDE RAVENHORST DIRECTOR 2.00 X 0 0 0 ERIKA ENZ DIRECTOR OF EDU 40.00 X 79344 0 0 COLLEEN A MENSEL PRESIDENT & CEO 40.00 X 140902 0 0 220246 0 0 1 0 0 0 0 19625 271547 291172 PROGRAM FEES 611710 5489 5489 5489 2523 2523 1500 0 1500 1500 1500 0 19625 0 0 PPP & EIDL LOAN PROCEE 900099 37215 37215 37215 337899 44204 0 2523 220245 220245 140871 81882 14199 44790 24564 24230 334 6201 568 5633 7201 4015 3186 1033 925 108 5347 4812 535 8028 6075 1953 OFFICE SUPPLIES 19465 15299 1656 2510 BANK CHARGES 8358 6131 414 1813 SENIOR EXPENSES 4500 4500 WORKER'S COMPENSATION 3918 3918 188 99 89 449919 372699 24921 52299 99800 40276 745 150660 989 2294 1802 29005 24609 11771 4396 569934 507051 685041 704677 38387 1836 87501 138782 125888 140618 X 382047 386953 177106 177106 559153 564059 685041 704677 -112020 116926 0 X 0 0 0 X 683612 404650 544387 280625 296661 2209935 683612 404650 544387 280625 296661 2209935 1041497 1168438 4128 5117 6875 18326 4023 38469 -16913 -17315 -34228 575000 67767 37215 679982 2894158 0.40370 0.43810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 531637 295 118447 174500 5761 470118 540854 -2352 1000 5865 531637 521540 976 26973 3000 5635 540854 487606 1079 38447 5592 521540 436831 975 40800 3727 474879 0.63020 0.36980 1 0 29005 24609 4396 4396 FISCAL INTEREST ENDOWMENT 470118 OTHER RECEIVABLE 36933 507051 ACCRUED VACATION AND PAYROLL 74952 PPP LOAN 63830 138782 X X X X BOARD GIVE OR GET 18805 18805 18805 18805 X X X X 0 0 0 0 0 0 0 0 0 COLLEEN A MENSEL PRESIDENT & CEO 140902 0 0 0 0 0 0 0 0 0 140902 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS VOTES ON THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - COLLEEN MENSEL, THE CEO, IS RELATED TO LAUREN MENSEL, THE SOCIAL MEDIA SPECIALIST. COMPENSATION ON THE 2019 W-2 FOR LAUREN MENSEL WAS $43.492.82 ERIKA ENZ, DIRECTOR OF PROGRAMS AND OPERATIONS IS RELATED TO DEREK ENZ, IT. COMPENSATION ON THE 2019 W-2 FOR DEREK ENZ WAS $345.00. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 6 MEMBERS DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - FUTURE MEMBERS ARE NOMINATED BY INDIVIDUALS ASSOCIATED WITH THE FOUNDATION, AND ARE ELECTED BY THE EXISTING BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - DECISIONS ARE VOTED AND APPROVED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 8B NOT APPLICABLE FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE 990 AND PRESENTS IT TO THE BOARD FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND EMPLOYEE COMPLETES A CONFLICT OF INTEREST POLICY FORM EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWED THE FOLLOWING DOCUMENTS; OPPORTUNITYKNOCKS.ORG'S WAGE & BENEFIT REPORT, AND THE CENTER FOR NON-PROFIT MANAGEMENT'S COMPENSATION AND BENEFITS SURVEY CENTRAL AND SOUTHERN CALIFORNIA. THE SALARIES FOR ALL EMPLOYEES, OTHER THAN THE CEO, ARE REVIEWED BY THE CEO AND THEN PRESENTED TO THE FINANCE COMMITTEE THROUGH THE BUDGET PROCESS AS A BUDGETED EXPENSE. THE EXECUTIVE COMMITTEE REVIEWED THE FOLLOWING DOCUMENTS; OPPORTUNITYKNOCKS.ORG'S WAGE & BENEFIT REPORT, AND THE CENTER FOR NON-PROFIT MANAGEMENT'S COMPENSATION AND BENEFITS SURVEY CENTRAL AND SOUTHERN CALIFORNIA. THE CEO'S COMPENSATION WAS APPROVED BY THE BOARD OF DIRECTORS BY INDEPENDENT VOTE UPON RECOMMENDATION OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ON ITS WEBSITE.