2020-07-14T19:43:50-05:00 2019-12-31 611015031 KRING RAY FARLEY & RIDDLE PSC 444 EAST MAIN STREET STE 203 LEXINGTON KY 40507 990 2019-01-01 611393028 THE GOVERNOR'S SCHOLARS PROGRAM FOUNDATION INC GOVE 5022094420 112 CONSUMER LANE FRANKFORT KY 40601 WILLIAM MALONE TREASURER 5025731630 2020-05-18 1 TAMMY DOYLE FARLEY P00067109 8592310541 2020-05-18 162.221.217.9 2020-05-18 15:08:09 ED P 197364A863AE07D710690907B16B1A3447D38A5F 197364A863AE07D710690907B16B1A3447D38A5F 2019 2020-09-23 17:36:50Z WILLIAM MALONE 112 CONSUMER LANE FRANKFORT KY 40601 849131 0 X HTTP://GSP.KY.GOV X 2001 KY TO PROVIDE FINANCIAL SUPPORT FOR THE GOVERNORS SCHOLARS PROGRAM, INC. 10 10 2 25 0 0 567264 391586 0 0 70206 176872 39211 37719 676681 606177 415000 500000 0 0 75355 89777 0 0 41987 149986 156105 640341 745882 36340 -139705 2801417 2971384 2922 2845 2798495 2968539 TO PROVIDE FINANCIAL SUPPORT FOR THE GOVERNOR'S SCHOLARS PROGRAM, INC. 0 0 500000 500000 606177 FINANCIAL SUPPORT PROVIDED TO VARIOUS EDUCATIONAL PROGRAMS OF GOVERNOR'S SCHOLARS PROGRAM, INC. 500000 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 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 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 0 1 1 0 KY X X BONNIE MULLIN 5022094420 112 CONSUMER LANE FRANKFORT KY 40601 CHRISTEN MCDONOUGH BOONE CHAIR 1.00 X X 0 0 0 VANCE GABBERT VICE CHAIR 1.00 X X 0 0 0 WILLIAM MALONE TREASURER 3.00 X X 0 0 0 JIM BOOTH BOARD MEMBER 1.00 X 0 0 0 ERIC G FARRIS BOARD MEMBER 1.00 X 0 0 0 WAYNE M MARTIN BOARD MEMBER 1.00 X 0 0 0 NEIL RAMSEY BOARD MEMBER 1.00 X 0 0 0 ALICE SPARKS BOARD MEMBER 1.00 X 0 0 0 DOUG DRAUT PRESIDENT/SECRETARY 40.00 X X 0 75069 0 TREY GREYSON BOARD MEMBER 1.00 X 0 0 0 0 75069 0 0 0 0 0 0 11750 379836 391586 45171 45171 330344 198643 131701 131701 131701 0 11750 3673 -3673 -3673 82030 40638 41392 41392 606177 173093 0 41498 500000 500000 80904 80904 2683 2683 6190 6190 8364 8364 14722 14722 16000 16000 3410 3410 3859 3859 4100 4100 6292 6292 8526 8526 FUNDRAISING (MAILINGS) 41987 41987 ADMINISTRATIVE EXPENSE 34171 34171 MISCELLANEOUS 7846 7846 PRINTING/PUBLICATIONS/P 4953 4953 1875 1875 745882 500000 203895 41987 170964 201153 215746 115509 6637 6142 29163 28238 1360 2008641 2339284 370266 279698 2801417 2971384 2922 2845 2922 2845 X 2798495 2968539 2798495 2968539 2801417 2971384 -139705 309749 0 X X 0 1 X 1 0 X 492555 544155 429099 567264 379836 2412909 492555 544155 429099 567264 379836 2412909 235505 2177404 51259 52976 49945 50970 176872 382022 2794931 0.77910 0.77170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 618245 618245 618245 618245 618245 618245 618245 618245 618245 618245 1.00000 1 0 0 CHARLES SCHWAB BOND 279698 F 279698 904877 309749 3673 313422 591455 14722 14722 606177 734833 3673 3673 731160 14722 14722 745882 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 1 THE GOVERNOR'S SCHOLAR PROGRAM INC 1024 CAPITAL CENTER DRIVE 210 FRANKFORT KY 40601 611026274 501(C)3 500000 ASSIST IN FUNDING CURRENT YEAR OPERATIONS FOR THE GOVERNOR'S SCHOLARS PROGRAM FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS NOMINATE POTENTIAL NEW MEMBERS TO BOARD. POTENTIAL BOARD MEMBERS ARE VETTED BY THE BOARD AND ASKED TO JOIN IF APPROVED BY MAJORITY VOTE 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 A COPY OF FORM 990 IS REVIEWED BY THE BOARD AND ANY CHANGES THERETO ARE MADE AND APPROVED BY THE BOARD PRIOR TO FILING FORM 990 FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO NOTIFY PRESIDENT OF THE BOARD IF ANY CHANGES IN PREVIOUS CONFLICT OF INTEREST STATEMENT SUBMITTED AT BEGINNING OF YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S PERFORMANCE, SALARY AND BENEFITS PACKAGE ARE REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES WHICH HAS ACCESS TO COMPARABILITY DATA. THE PRESIDENT REVIEWS THE PERFORMANCE OF OTHER KEY EMPLOYEES AND MAKES RECOMMENDATIONS CONCERNING SALARY AND BENEFITS TO THE BOARD. THE BOARD MAKES THE FINAL DECISION ON COMPENSATION AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 BOARD MAKES GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR THE GOVERNOR'S SCHOLARS PROGRAM INC 1024 CAPITAL CENTER DRIVE 210 FRANKFORT KY 40601 611026274 EDUCATIONAL PROGRAMS KY 501(C)(3) SECTION 170(B)(1)(A) 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0