FURP.ORG / PUBLIC DATA EXPLORER

ARMY SCHOLARSHIP FOUNDATION INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ARMY SCHOLARSHIP FOUNDATION INC (EIN 74-2996331)
Tax period
2020-01-01 to 2020-12-31
Filed
2022-01-23
IRS object ID
202230239349300103
Schema version
2020v4.0
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)
Return2022-01-23T16:57:31-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN742996331EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Army Scholarship FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% John W JonesInCareOfNm
Business Name ControlARMYBusinessNameControlTxt
Phone7035875181PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111700 Preston Road Ste 660-301AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752306112ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN W JONESPersonNm
Person TitleAccountantPersonTitleTxt
Phone9722315245PhoneNum
Signature2022-01-23SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJOHNPersonFirstNm
Person LastJONESPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJEFF GAULTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line111700 Preston Road Ste 660-301AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75230ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$363,095GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.armyscholarshipfoundation.OrgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionProvide academic scholarships to the children of soldiers in the US Military and the spouses of US Military active duty enlisted soldierActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$232,168PYContributionsGrantsAmt
CY Contributions Grants$344,189CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$19,157PYInvestmentIncomeAmt
CY Investment Income$18,906CYInvestmentIncomeAmt
PY Other Revenue$41,773PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$293,098PYTotalRevenueAmt
CY Total Revenue$363,095CYTotalRevenueAmt
PY Grants And Similar Paid$275,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$195,925CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$13,382CYTotalFundraisingExpenseAmt
PY Other Expenses$13,869PYOtherExpensesAmt
CY Other Expenses$16,889CYOtherExpensesAmt
PY Total Expenses$289,369PYTotalExpensesAmt
CY Total Expenses$212,814CYTotalExpensesAmt
PY Revenues Less Expenses$3,729PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$150,281CYRevenuesLessExpensesAmt
Total Assets BOY$815,222TotalAssetsBOYAmt
Total Assets EOY$965,582TotalAssetsEOYAmt
Total Liabilities BOY$27TotalLiabilitiesBOYAmt
Total Liabilities EOY$108TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$815,195NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$965,474NetAssetsOrFundBalancesEOYAmt
MissionProvide Academic Scholarships to the children of soliders in the US Military and the spouses of US Military active duty enlisted soldiersMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$196,191ExpenseAmt
Revenue$363,095RevenueAmt
DescThe Army Scholarship Foundation (ASF) grants academic scholarships to the children of soldiers and spouses of active duty enlisted soldiers. ASF actively solicits and receives contributions from the general public, foundaitons, and corporations to fund its activities. The Scholarships allow eligible recipients the opportunity to pursue their eduction where they might otherwise be unable to do so. 201 different scholarships valued @ $195,925 were awarded in 2020.Desc
Total Program Service Expenses$196,191TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJEFF GAULTPersonNm
Phone7035875181PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111700 Preston Road Ste 660-301AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75230ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JEFF GAULT
ChairmanCEO25.00Yes (X)Yes (X)$0$0$0
KEIRN BROWN
Board Member1.000Yes (X)$0$0$0
MICHAEL GONZALEZ
Board Member1.000Yes (X)$0$0$0
CHRISTOPHER LEPP
Board Member1.000Yes (X)$0$0$0
ELLEN HOULIHAN
Board Member1.000Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

FieldValueIRS element (for citing)
PersonNONEPersonNm
FieldValueIRS element (for citing)
ServicesNoneServicesDesc
FieldValueIRS element (for citing)
All Other Contributions$344,189AllOtherContributionsAmt
Total Contributions$344,189TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,906TotalRevenueColumnAmt
Related Or Exempt Func Income$18,906RelatedOrExemptFuncIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
Desc0Desc

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$363,095TotalRevenueColumnAmt
Related Or Exempt Func Income$18,906RelatedOrExemptFuncIncomeAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$195,925TotalAmt
Program Services$195,925ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$5,550TotalAmt
Management And General$1,750ManagementAndGeneralAmt
Fundraising$3,800FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$7,962TotalAmt
Fundraising$7,962FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$798TotalAmt
Program Services$266ProgramServicesAmt
Management And General$266ManagementAndGeneralAmt
Fundraising$266FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$595TotalAmt
Management And General$595ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Dues & Subscriptions$620$620
Bank Fees$10$10
Credit Card Fees$1,354$1,354

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$212,814TotalAmt
Program Services$196,191ProgramServicesAmt
Management And General$3,241ManagementAndGeneralAmt
Fundraising$13,382FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$23,375BOYAmt
EOY$12,823EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$3,600EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$791,847BOYAmt
EOY$949,159EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$815,222BOYAmt
EOY$965,582EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$27BOYAmt
EOY$108EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$27BOYAmt
EOY$108EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$607,770BOYAmt
EOY$657,869EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$207,425BOYAmt
EOY$307,605EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$815,195BOYAmt
EOY$965,474EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$815,222BOYAmt
EOY$965,582EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$150,281ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$196,281CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$264,594CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$279,987CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$273,941CurrentTaxYearMinus1YearAmt
Current Tax Year$344,189CurrentTaxYearAmt
Total$1,358,992TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$196,281CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$264,594CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$279,987CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$273,941CurrentTaxYearMinus1YearAmt
Current Tax Year$344,189CurrentTaxYearAmt
Total$1,358,992TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$215,000SubstantialContributorsTotAmt
Public Support Total170$1,143,992PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,233CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,209CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$9,671CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,157CurrentTaxYearMinus1YearAmt
Current Tax Year$18,906CurrentTaxYearAmt
Total$64,176TotalAmt
FieldValueIRS element (for citing)
Total Support$1,423,168TotalSupportAmt
Public Support CY1700.80383PublicSupportCY170Pct
Public Support PY1700.70350PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Solicited Assets SalefalseSolicitedAssetsSaleInd
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabfalseInclEscrowCustodialAcctLiabInd

Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Bank Certificates of Deposits$286,186F
Bank MMA Savings$436,856C
Public Held Equity Interests$226,117F
FieldValueIRS element (for citing)
Total Book Value Program Rltd$949,159TotalBookValueProgramRltdAmt
Total Rev Etc Audited Fincl Stmt$363,095TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$363,095RevenueSubtotalAmt
Total Revenue Per Form990$363,095TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$212,814TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$212,814ExpensesSubtotalAmt
Total Expenses Per Form990$212,814TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (2 entries)

Cash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
201 individual scholarship
$195,925$0academic college scholarsh
Refer to Attached Stmt
$0
FieldValueIRS element (for citing)
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part VI Line 1aNone
Part VI Line 1aNone
Part VI Line 11bEach member of board receives copy of Form 990. They are invited to comment
Part VI Line 11b& question the document before filing. Corrections as needed are made.
Part VI Line 12cBoard members are required to sign conflict of interest statement annually.
Part VI Line 15a or bNone - no salaries are paid to any officers or other positions in ASF
Part VI Line 19Web site includes statments that all government filing and management
Part VI Line 19documents are available upon request.
Part VI Line 19Web site includes notice that governing documents are available upon reques