2025-06-03T07:24:53-05:00 2024-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE RD STE 1100 LOUISVILLE KY 402225187 990 2024-01-01 611393028 GOVERNOR'S SCHOLARS PROGRAM FOUNDATION INC GOVE 5022094420 112 CONSUMER LANE FRANKFORT KY 40601 WILLIAM MALONE TREASURER 5022094420 2025-05-27 1 0 CHRISTINE N KOENIG P01022180 5024269660 2025-05-07 2024 2025-03-06 01:10:19Z WILLIAM MALONE 112 CONSUMER LANE FRANKFORT KY 40601 1199237 0 X GSP.KY.GOV X 2001 KY TO PROVIDE FINANCIAL SUPPORT FOR THE GOVERNOR'S SCHOLARS PROGRAM, INC. 10 9 1 9 0 0 408468 586269 0 0 121233 258149 29133 36413 558834 880831 425000 450000 0 0 147453 151145 0 0 0 117749 136698 690202 737843 -131368 142988 3972731 4257048 23672 56259 3949059 4200789 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 620110 450000 36413 FINANCIAL SUPPORT PROVIDED TO VARIOUS EDUCATIONAL PROGRAMS OF THE GOVERNOR'S SCHOLARS PROGRAM, INC. 620110 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 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 1 0 0 0 1 4 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 0 0 KY X ERIN BYRD 5022094420 112 CONSUMER LANE FRANKFORT KY 40601 DOUG DRAUT PRESIDENT/SECRETARY 40.00 X X 125660 0 15861 ALAN STEIN CHAIR 0.50 0.25 X X 0 0 0 VINCE GABBERT VICE CHAIR 0.50 0.25 X X 0 0 0 WILLIAM MALONE TREASURER 0.50 0.50 X X 0 0 0 LAURA COLEMAN PRITCHARD BOARD MEMBER 0.25 0.25 X 0 0 0 HAROLD H HAL SMITH BOARD MEMBER 0.25 0.25 X 0 0 0 WAYNE M MARTIN BOARD MEMBER 0.25 0.25 X 0 0 0 TREY GRAYSON BOARD MEMBER 0.25 0.25 X 0 0 0 MIKE BUCKENTIN BOARD MEMBER 0.25 0.25 X 0 0 0 SRINI MATAM BOARD MEMBER 0.25 0.25 X 0 0 0 125660 0 15861 1 0 0 0 0 10232 576037 586269 66987 66987 465575 114613 159800 350962 -159800 191162 191162 2214 10232 2214 0 78192 41779 36413 36413 880831 36413 0 258149 450000 450000 141521 103823 37698 9624 6737 2887 7424 7424 25176 25176 43494 42997 497 3143 2619 524 2406 2406 7361 7108 253 4906 4906 ADMIN FEE GSP 34784 34784 MISCELLANEOUS 7085 6776 309 PROFESSIONAL DEV - FR 919 50 869 737843 620110 117733 0 198315 576014 118356 107138 16500 16500 172 268 0 159800 3479588 3557128 3972731 4257048 23672 56259 23672 56259 X 3250861 3539921 698198 660868 3949059 4200789 3972731 4257048 142988 108742 0 X 0 1 X 1 0 X 307629 594810 561911 408468 586269 2459087 307629 594810 561911 408468 586269 2459087 398186 2060901 47487 46604 50452 52855 66987 264385 2723472 307050 0.75670 0.73960 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 1008390 108742 108742 899648 25176 -43993 -18817 880831 756660 43993 43993 712667 25176 25176 737843 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 2024 OR 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: MERCHANDISE COGS -41,779. FUNDRAISING EVENT EXPENSES -2,214. PART XII, LINE 2D - OTHER ADJUSTMENTS: MERCHANDISE COGS 41,779. FUNDRAISING EVENT EXPENSES 2,214. 1 GOVERNOR'S SCHOLARS PROGRAM INC 112 CONSUMER LANE FRANKFORT KY 40601 611026274 501(C)(3) 450000 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