GREENWICH SCHOLARSHIP ASSOCIATION INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- GREENWICH SCHOLARSHIP ASSOCIATION INC (EIN 06-1467698)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-01-12
- IRS object ID
- 202110129349300331
- Schema version
- 2019v5.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-01-12T01:48:02-00:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOLAKIAN AND COMPANY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 829 BAYSHORE BOULEVARD | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061467698 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREENWICH SCHOLARSHIP ASSOCIATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GREE | BusinessNameControlTxt |
| Phone | 7322138495 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4627 | AddressLine1Txt |
| City | GREENWICH | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06831 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUMIT KUMAR | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Signature | 2021-01-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL SOLAKIAN | PreparerPersonNm |
| Phone | 2034838115 | PhoneNum |
| Preparation | 2021-01-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SUMIT KUMAR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4627 | AddressLine1Txt |
| City | GREENWICH | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06831 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $726,360 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GREENWICHSCHOLARSHIP.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1972 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE NEED-BASED FINANCIAL ASSISTANCE FROM ITS OWN FUNDS AND VARIOUS SPONSORS TO GRADUATING GREENWICH STUDENTS FOR THE STUDENTS HIGHER EDUCATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 26 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 26 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 24 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $972,529 | PYContributionsGrantsAmt |
| CY Contributions Grants | $599,413 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $77,571 | PYInvestmentIncomeAmt |
| CY Investment Income | $126,947 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,050,100 | PYTotalRevenueAmt |
| CY Total Revenue | $726,360 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $501,075 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $505,453 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,601 | PYOtherExpensesAmt |
| CY Other Expenses | $18,567 | CYOtherExpensesAmt |
| PY Total Expenses | $518,676 | PYTotalExpensesAmt |
| CY Total Expenses | $524,020 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $531,424 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $202,340 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,366,353 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,029,089 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $554,125 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $91,427 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,812,228 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,937,662 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE NEED-BASED FINANCIAL ASSISTANCE FROM ITS OWN FUNDS AND VARIOUS SPONSORS TO GRADUATING GREENWICH STUDENTS FOR THE STUDENTS HIGHER EDUCATION. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $505,453 | ExpenseAmt |
| Grant | $505,453 | GrantAmt |
| Desc | GREENWICH SCHOLARSHIP ASSOCIATION PROVIDES FINANCIAL ASSISTANCE FROM ITS OWN FUNDS AND VARIOUS SPONSORS TO 145 HIGH SCHOOL SENIORS IN GREENWICH SCHOOLS FOR THE STUDENTS HIGHER EDUCATION. | Desc |
| Total Program Service Expenses | $505,453 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 26 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 26 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUMIT KUMAR | PersonNm |
| Phone | 7322138495 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4627 | AddressLine1Txt |
| City | GREENWICH | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06831 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| BENVENUTO CRISTINA | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| BJERKE SAREETA | ||||||
| CP STUDENTS | 001.00 | Yes (X) | $0 | $0 | $0 | |
| BODEUR MEGAN | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| BREA MARIA | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| CHAPMAN JUDY | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| DOBRYN LESLIE | ||||||
| VP INTERVIEWS | 001.00 | Yes (X) | $0 | $0 | $0 | |
| DYLEWSKY WILLIAM | ||||||
| CO-TREASURER | 001.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| FEINER BETSY | ||||||
| INDEPENDENT SCHOOLS LIASON | 001.00 | Yes (X) | $0 | $0 | $0 | |
| GILBERT MARLENE | ||||||
| VP STRATEGIC DEVELOPMENT | 001.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| HAGSTROM LOUISE | ||||||
| SECRETARY | 001.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| HAIDINGER TERRI | ||||||
| BOOKEEPER | 001.00 | Yes (X) | $0 | $0 | $0 | |
| HERTZIG MARIE | ||||||
| PRESIDENT | 001.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| HOLDEN CATHERINE | ||||||
| EXECUTIVE VICE PRESIDENT | 001.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JAY ALLAN | ||||||
| C0-TREASURER | 001.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| KUMAR SUMIT | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| LAFFEAN NANETTE | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| LYNCH JENNIFER | ||||||
| GHS LIAISON | 001.00 | Yes (X) | $0 | $0 | $0 | |
| MERRILL MARIA | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| MINOR REED | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| MOSES DEBBIE | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| OLESEN DEBRA | ||||||
| VP EVENTS | 001.00 | Yes (X) | $0 | $0 | $0 | |
| PORT JENNIFER D ESQ | ||||||
| LEGAL COUNSEL | 001.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SAGGESE ROD | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| SANTHANAM MARGARET | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| SCHNUR JULIET | ||||||
| EXECUTIVE VICE PRESIDENT | 001.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| TURKELTAUB GAIL | ||||||
| DIRECTOR | 001.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $599,413 | AllOtherContributionsAmt |
| Total Contributions | $599,413 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $36,812 | TotalRevenueColumnAmt |
| Exclusion | $36,812 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $90,135 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $90,135 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $90,135 | TotalRevenueColumnAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $726,360 | TotalRevenueColumnAmt |
| Exclusion | $36,812 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $505,453 | TotalAmt |
| Program Services | $505,453 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,492 | TotalAmt |
| Management And General | $4,492 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADMINISTRATIVE EXPENSES | Desc |
| Total | $14,075 | TotalAmt |
| Management And General | $14,075 | ManagementAndGeneralAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $524,020 | TotalAmt |
| Program Services | $505,453 | ProgramServicesAmt |
| Management And General | $18,567 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $497,963 | BOYAmt |
| EOY | $136,898 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,209 | BOYAmt |
| EOY | $80,367 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,110 | BOYAmt |
| EOY | $22,000 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,262,621 | BOYAmt |
| EOY | $1,786,824 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,450 | BOYAmt |
| EOY | $3,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,366,353 | BOYAmt |
| EOY | $2,029,089 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,534 | BOYAmt |
| EOY | $364 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $551,591 | BOYAmt |
| EOY | $91,063 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $554,125 | BOYAmt |
| EOY | $91,427 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $253,124 | BOYAmt |
| EOY | $843,971 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,559,104 | BOYAmt |
| EOY | $1,093,691 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,812,228 | BOYAmt |
| EOY | $1,937,662 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,366,353 | BOYAmt |
| EOY | $2,029,089 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $202,340 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$76,906 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $529,235 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $534,057 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $598,110 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $972,529 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $599,413 | CurrentTaxYearAmt |
| Total | $3,233,344 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $529,235 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $534,057 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $598,110 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $972,529 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $599,413 | CurrentTaxYearAmt |
| Total | $3,233,344 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $610,122 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,623,222 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $23,758 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,261 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,729 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $35,520 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $36,812 | CurrentTaxYearAmt |
| Total | $146,080 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,379,424 | TotalSupportAmt |
| Public Support CY170 | 0.77620 | PublicSupportCY170Pct |
| Public Support PY170 | 0.78810 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Public Support CY509 | 0.00000 | PublicSupportCY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,812,228 | BeginningYearBalanceAmt |
| Contributions | $599,413 | ContributionsAmt |
| Investment Earnings Or Losses | $50,041 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $519,528 | OtherExpendituresAmt |
| Administrative Expenses | $4,492 | AdministrativeExpensesAmt |
| End Year Balance | $1,937,662 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,303,124 | BeginningYearBalanceAmt |
| Contributions | $972,529 | ContributionsAmt |
| Investment Earnings Or Losses | $54,490 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $512,959 | OtherExpendituresAmt |
| Administrative Expenses | $4,956 | AdministrativeExpensesAmt |
| End Year Balance | $1,812,228 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,166,996 | BeginningYearBalanceAmt |
| Contributions | $598,110 | ContributionsAmt |
| Investment Earnings Or Losses | $74,830 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $531,972 | OtherExpendituresAmt |
| Administrative Expenses | $4,840 | AdministrativeExpensesAmt |
| End Year Balance | $1,303,124 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,027,874 | BeginningYearBalanceAmt |
| Contributions | $534,057 | ContributionsAmt |
| Investment Earnings Or Losses | $121,773 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $511,679 | OtherExpendituresAmt |
| Administrative Expenses | $5,029 | AdministrativeExpensesAmt |
| End Year Balance | $1,166,996 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,109,870 | BeginningYearBalanceAmt |
| Contributions | $529,235 | ContributionsAmt |
| Investment Earnings Or Losses | -$17,867 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $583,232 | OtherExpendituresAmt |
| Administrative Expenses | $10,132 | AdministrativeExpensesAmt |
| End Year Balance | $1,027,874 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.20000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.12000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.68000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc |
|---|
| Financial derivatives and other financial products |
| Closely-held equity interests |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal income taxes | |
| SCHOLARSHIPS PAYABLE | $24,000 |
| DEFERRED SCHOLARSHIPS PAYABLE | $42,210 |
| PREFUNDED SCHOLARSHIPS PAYABLE | $24,853 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $91,063 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $644,962 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$76,906 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$76,906 | RevenueNotReportedAmt |
| Revenue Subtotal | $721,868 | RevenueSubtotalAmt |
| Other Revenues Not Included | $4,492 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $4,492 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $726,360 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $519,528 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $519,528 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $4,492 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $4,492 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $524,020 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| X 2 | THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10. AS A RESULT OF THE IMPLEMENTATION, THE ORGANIZATION DID NOT RECOGNIZE ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. |
| V 4 | THE ENDOWMENT FUND MONIES ARE USED IN CONNECTION WITH THE AWARDING OF CERTAIN SPECIFIED SCHOLARSHIP TO GRADUATING HIGH SCHOOL STUDENTS ON A NEED BASIS AND FIELD OF STUDY. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | COLLEGE SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 106 | RecipientCnt |
| Cash Grant | $505,453 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I Line 2 | FormAndLineReferenceDesc |
| Explanation | SCHOLARSHIP CHECKS ARE WRITTEN TO THE SCHOOLS WITH THE STIPULATION THAT IF THE STUDENT DOES NOT MATRICULATE THE SCHOLARSHIP IS RETURNED TO GSA. IF THE STUDENT ATTENDS AND THEN DROPS OUT OF SCHOOL, THE UNUSED PORTION OF THE SCHOLARSHIP IS RETURNED TO GSA. GSA MONITORS THE SCHOLARSHIP CHECKS CLEARED BY THE BANK AND OUTSTANDING CHECKS. MEMBERS OF THE GSA BOARD ARE IN CONTACT WITH THE COLLEGES TO ENSURE COMPLIANCE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, Line 11B | THE RETURN PREPARED BY THE PREPARER IS REVIEWED BY THE PRESIDENT AND TREASURER PRIOR TO FILING WITH THE IRS. ALSO, A COPY IS EMAILED TO EACH BOARD MEMBER FOR THEIR REVIEW. |
| Form 990, Part VI, Section B, Line 12C | THERE IS AN ANNUAL REVIEW TO CONFIRM THAT THERE ARE NO CONFLICTS OF INTEREST WITH ANY TRUSTEE, BOARD COMMITTEE MEMBER, OR EMPLOYEE. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS BASED ON THE ANNUAL REVIEW AND IF IT APPEARS THERE ARE ANY CONFLICTS THE BOARD WOULD REVIEW SUCH CONFLICT. IF THE CONFLICT INVOLVED A BOARD MEMBER, IT WOULD RESULT IN THEIR REMOVAL FROM THE BOARD. |
| Form 990, Part VI, Section B, Line 19 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE ON GUIDESTAR.ORG. IN ADDITION, THE FORMS 1023 AND 990 AS WELL AS THE AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS BUSINESS OFFICE. |
Comments