2019-12-19T14:04:24-06:00 2019-06-30 420714325 RSM US LLP 7351 OFFICE PARK PL MELBOURNE FL 329408229 990 2018-07-01 593649371 STEP UP FOR STUDENTS INC STEP 9043522246 4655 SALISBURY ROAD NO 400 JACKSONVILLE FL 32256 JOE PFOUNTZ CFO 9043522246 2019-12-05 1 JULIANA KREUL P01204534 3217516200 66.98.98.134 2019-12-05 10:51:07 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C7E7B0C0E81BD62A89852478B08C37E9234D4314 2018 2020-04-17 16:48:07Z JOE PFOUNTZ 4655 SALISBURY ROAD NO 400 JACKSONVILLE FL 32256 717949667 0 X WWW.STEPUPFORSTUDENTS.ORG X 2000 FL STEP UP FOR STUDENTS EMPOWERS PARENTS TO PURSUE AND ENGAGE IN THE MOST APPROPRIATE LEARNING OPTIONS FOR THEIR CHILDREN. 8 8 291 1085 0 0 705681555 714828892 976220 1432494 999419 1673206 3990 15075 707661184 717949667 650979063 624325720 0 0 15927052 19899245 0 0 2666911 7697802 10563586 674603917 654788551 33057267 63161116 589394333 697130640 75690706 120265897 513703627 576864743 X STEP UP FOR STUDENTS EMPOWERS PARENTS TO PURSUE AND ENGAGE IN THE MOST APPROPRIATE LEARNING OPTIONS FOR THEIR CHILDREN, WITH AN EMPHASIS ON FAMILIES WHO LACK THE INFORMATION AND FINANCIAL RESOURCES TO ACCESS THESE OPTIONS. BY PURSUING THIS MISSION, WE HELP PUBLIC EDUCATION FULFILL THE PROMISE OF EQUAL OPPORTUNITY. 1 0 625587489 615252820 FLORIDA TAX CREDIT SCHOLARSHIP PROGRAM: IN THE 2018-19 SCHOOL YEAR, 100,320 UNDERPRIVILEGED STUDENTS ATTENDED 1,825 PRIVATE SCHOOLS ON A STEP UP FOR STUDENTS' TAX CREDIT SCHOLARSHIP. THE K-12 SCHOLARSHIP PROGRAM WAS CREATED IN 2001 TO HELP ALLEVIATE THE ENORMOUS EDUCATIONAL CHALLENGES FACED BY CHILDREN WHO LIVE IN POVERTY, AND IT IS NOW THE LARGEST SUCH SCHOLARSHIP IN THE NATION. ELIGIBLE STUDENTS COULD CHOOSE BETWEEN SCHOLARSHIPS WORTH UP TO $7,111 FOR PRIVATE SCHOOL TUITION AND FEES OR UP TO $750 IN TRANSPORTATION COSTS TO ATTEND AN OUT-OF-DISTRICT PUBLIC SCHOOL. THE AVERAGE INCOME FOR PARTICIPANTS WAS 13% ABOVE THE FEDERAL POVERTY LEVEL, AND 55% OF THE STUDENTS WERE FROM SINGLE-PARENT HOUSEHOLDS. STANDARDIZED TEST SCORES RELEASED IN AUGUST 2018 SHOWED THAT SCHOLARSHIP STUDENTS WERE ACHIEVING THE SAME GAINS IN READING AND MATH AS STUDENTS OF ALL INCOME LEVELS NATIONALLY, EVEN AS THE STUDENTS WHO CHOSE THE SCHOLARSHIP WERE AMONG THE POOREST AND LOWEST-PERFORMING STUDENTS FROM THE PUBLIC SCHOOLS THEY LEFT BEHIND. IN FEBRUARY 2019, THE URBAN INSTITUTE REPORTED THAT SCHOLARSHIP STUDENTS ARE 43 PERCENT MORE LIKELY THAN THEIR PUBLIC-SCHOOL PEERS TO ATTEND COLLEGE AND 20 PERCENT MORE LIKELY TO EARN BACHELOR'S DEGREES. FOR THE 14TH TIME, STEP UP FOR STUDENTS WAS AWARDED THE COVETED FOUR-STAR RATING BY CHARITY NAVIGATOR FOR FINANCIAL ACCOUNTABILITY AND TRANSPARENCY. 9380985 8781932 0 THE ALABAMA OPPORTUNITY SCHOLARSHIP FUND (ALOSF) IS A SCHOLARSHIP GRANTING ORGANIZATION FORMED TO IMPLEMENT THE ALABAMA ACOUNTABILITY ACT. ALOSF AWARDS SCHOLARSHIPS TO ELIGIBLE LOW-INCOME K5-12TH GRADE STUDENTS WITH PRIORITY GIVEN TO STUDENTS WHO ARE ZONED TO ATTEND A FAILING PUBLIC SCHOOL. THE SCHOLARSHIPS PAY FOR PRIVATE SCHOOL TUITION OR TRANSFER FEES TO A NON-FAILING PUBLIC SCHOOL. THE FIRST SCHOLARSHIPS WERE GRANTED FOR THE SEMESTER STARTING JANUARY 2014. ALOSF HAS AWARDED OVER 10,750 SCHOLARSHIPS OVER 5 1/2 YEARS REPRESENTING 46 OF THE 67 COUNTIES IN ALABAMA. THE SCHOLARSHIPS ARE FUNDED BY DONATIONS OF INCOME TAX LIABILITY FROM INDIVIDUALS AND CORPORATIONS WHO RECEIVE AN ALABAMA STATE INCOME TAX CREDIT. 4993457 THE GARDINER SCHOLARSHIP ACCOUNT PROGRAM: IN THE 2018-19 SCHOOL YEAR, STEP UP ALSO ADMINISTERED A STATEWIDE SCHOLARSHIP AVAILABLE TO SPECIAL-NEEDS STUDENTS WITH SPECIFIC DISABILITIES THAT INCLUDE: AUTISM, CEREBRAL PALSY, DOWN SYNDROME, SPINA BIFIDA, INTELLECTUAL DISABILITY AND WILLIAMS SYNDROME. FOR 2018-19, THE PROGRAM SERVED 13,407 STUDENTS WHO RECEIVED SCHOLARSHIPS WORTH AN AVERAGE OF $10,306 EACH. THE PROGRAM EMPOWERS FAMILIES TO CHOOSE THE EDUCATIONAL SERVICES THAT BEST MEET THE NEEDS OF THEIR STUDENT, AND THE MONEY CAN BE SPENT FOR SCHOOLS, THERAPISTS, SPECIALISTS, CURRICULUM, TECHNOLOGY - EVEN A COLLEGE SAVINGS ACCOUNT. 1785546 0 41782 STUDENT DEVELOPMENT AND STUDENT LEARNING: SCHOOLS AND FAMILIES NEED POSITIVE, INFORMED PARTNERSHIPS AND STRONG LEADERSHIP, AS WELL AS CULTURE THAT IS COMMITTED TO CONTINUOUS IMPROVEMENT. WITH THAT AS A GUIDING MANTRA, THE OFFICE OF STUDENT LEARNING WAS ESTABLISHED IN 2011 AND CONTINUES TO GROW TO MEET THE NEEDS OF OUR STEP UP SCHOLARS AND THEIR FAMILIES. THE OFFICE OF STUDENT LEARNING OFFERS FREE STATEWIDE PROFESSIONAL LEARNING, INDIVIDUALIZED SCHOOL SUPPORT, COMMUNICATION TOOLS, A STUDENT INFORMATION SYSTEM - THE TEACHING AND LEARNING EXCHANGE, PARTNERSHIPS WITH NWEA FOR A MAP PROGRAM, CERTIFICATIONS FOR OUR SCHOOL LEADERS, COUNCILS TO SUPPORT OUR GARDINER SCHOOLS AND PARENTS AS WELL AS COMMITTEES TO SUPPORT OUR FLORIDA TAX CREDIT PRINCIPALS. WE ALSO OFFER EVENTS LIKE THE RISING STARS WHERE STUDENTS ARE RECONIZED AS SCHOLARS AND THEIR PARENTS AND SCHOOLS ARE ALSO RECOGNIZED FOR ACHIEVEMENTS. IN 2019, THE OFFICE OF STUDENT LEARNING HELD A CONFERENCE FOR EDUCATORS TO SUPPORT TEACHING, LEARNING AND ASSESSMENT FOR THE FLORIDA TAX CREDIT AND GARDINER PROGRAMS. 1667113 0 0 RESEARCH ON STUDENT OUTCOMES: EACH TAX CREDIT SCHOLARSHIP IS INTENDED TO PROVIDE A LOW-INCOME STUDENT IN FLORIDA WITH A VIABLE LEARNING OPTION THAT CAN MAKE A DIFFERENCE IN HIS OR HER EDUCATIONAL LIFE. TOWARD THAT OBJECTIVE, STEP UP CONTINUES TO BUILD TOOLS TO ROBUSTLY ASSESS ACADEMIC PROGRESS. THE STATE COLLECTS STANDARDIZED TEST SCORES EVERY YEAR AND IN ITS MOST RECENT REPORT DETERMINED THAT SCHOLARSHIP STUDENTS ACHIEVED THE SAME ACADEMIC GAINS IN READING AND MATH AS STUDENTS OF ALL INCOME LEVELS NATIONALLY. STEP UP HAS COMPLETED A DATA WAREHOUSE THAT PULLS TOGETHER STUDENT ACADEMIC, DEMOGRAPHIC AND ENROLLMENT INFORMATION FOR MOST OF THE PROGRAM'S HISTORY. FURTHER, STEP UP HAS INVITED RESEARCH ORGANIZATIONS TO MINE STUDENT DATA, AND THE URBAN INSTITUTE RELEASED A SECOND INDEPENDENT REPORT IN FEBRUARY 2019 FINDING THAT STUDENTS ON THE SCHOLARSHIP AT LEAST THREE YEARS ARE 43 PERCENT MORE LIKELY THAN THEIR COUNTERPARTS IN PUBLIC SCHOOLS TO ATTEND COLLEGE. 1427683 290968 0 HOPE SCHOLARSHIP PROGRAM: STEP UP FOR STUDENTS ALSO ADMINISTERS THE HOPE SCHOLARSHIP, WHICH WAS CREATED IN 2018 TO PROVIDE THE OPTION OF PRIVATE SCHOOL SCHOLARSHIPS TO STUDENTS IN PUBLIC SCHOOLS WHO HAVE EXPERIENCED ACTS OF BULLYING AND INTIMIDATION. THE SCHOLARSHIPS ARE FINANCED BY CONTRIBUTIONS FROM AUTOMOBILE BUYERS, WHO ARE ALLOWED UNDER THE LAW TO REDIRECT UP TO $105 OF THEIR STATE TAXES ON EACH PURCHASE. THOSE CONTRIBUTIONS ARE USED TO PROVIDE TUITION SCHOLARSHIPS TO PARTICIPATING PRIVATE SCHOOLS WORTH UP TO $7,111 OR A $750 TRANSPORTATION SCHOLARSHIP TO A PUBLIC SCHOOL IN ANOTHER DISTRICT. THE SCHOLARSHIP DID NOT BEGIN UNTIL OCTOBER 2018 AND SERVED 123 STUDENTS IN ITS FIRST YEAR. ANY UNUSED FUNDS IN THE HOPE SCHOLARSHIP PROGRAM CAN BE USED TO FUND SCHOLARSHIPS TO STUDENTS ON THE FLORIDA TAX CREDIT SCHOLARSHIP PROGRAM IN THE NEXT STATE OF FLORIDA FISCAL YEAR. 1010028 0 981486 ILLINOIS INVEST IN KIDS SCHOLARSHIP PROGRAM: STEP UP FOR STUDENTS HAS CONTRACTED WITH EMPOWER ILLINOIS, AN APPROVED 501(C)(3), SCHOLARSHIP GRANTING ORGANIZATION (SGO) IN THE STATE OF ILLINOIS, THAT ADMINISTERS THE ILLINOIS INVEST IN KIDS SCHOLARSHIP PROGRAM, A TAX CREDIT SCHOLARSHIP PROGRAM. SINCE NOVEMBER 2017, STEP UP FOR STUDENTS HAS PROVIDED SCHOLARSHIP ADMINISTRATION SERVICES FOR EMPOWER ILLINOIS. EMPOWER ILLINOIS CAN SOLICIT AND RECEIVE CORPORATE AND INDIVIDUAL CONTRIBUTIONS THAT ARE ENTITLED TO A 75% STATE TAX CREDIT OF CORPORATE AND INDIVIDUAL STATE INCOME TAX. THOSE CONTRIBUTIONS, IN TURN MUST BE SPENT TO PROVIDE SCHOLARSHIPS TO LOW INCOME ILLINOIS SCHOOL CHILDREN IN COMPLIANCE WITH THE INVEST IN KIDS ACT. FOR THE 2019- 2020 SCHOOL YEAR, QUALIFIED STUDENTS RECEIVED SCHOLARSHIPS OF UP TO $13,336.64, OR FOR INDIVIDUAL DISABILITY EDUCATION ACT STUDENTS, UP TO $26,673.28, TO ATTEND A PARTICIPATING PRIVATE SCHOOL WITHIN THE STATE OF ILLINOIS. SCHOLARSHIPS ARE EXPENDED WHEN A STUDENT ATTENDS A PARTCIPATING SCHOOL. EMPOWER ILLINOIS IS ALLOWED TO USE UP TO 5% OF THE CONTRIBUTIONS COLLECTED TO ADMINISTER THE SCHOLARSHIP PROGRAM, AND STEP UP FOR STUDENTS IS COMPENSATED FOR ITS WORK BY EMPOWER ILLINOIS VIA THOSE ADMINISTRATIVE FUNDS. ACCORDING TO SUBMITTED AUDIT MATERIAL, FOR THE 2018-2019 SCHOOL YEAR, 32,456 APPLICATIONS WERE SUBMITTED AND RESERVED FOR POTENTIAL REVIEW, WHICH LED TO HAVING 5,528 SCHOLARSHIPS AWARDED TOTALING $37,008,673. 934496 0 424301 ADVOCACY AND CIVIC ENGAGEMENT (ACE): ACE THROUGH FLORIDA PARENT NETWORK, ORGANIZES ADVOCATES AND SUPPORTERS WHO BELIEVE CHILDREN SHOULD BE EDUCATED BASED ON HOW THEY LEARN, RATHER THAN WHERE THEY LIVE. THIS INCLUDES PARENTS AND STUDENTS WHO UTILIZE SCHOLARSHIPS AS WELL AS DISTRICT, CHARTER, MAGNET, HOME AND VIRTUAL SCHOOLS. THIS ALSO INCLUDES TEACHERS, COMMUNITY AND SCHOOL LEADERS, FAITH-BASED LEADERS AND ALUMNI. FLORIDA PARENT NETWORK EDUCATES, INFORMS AND TRAINS ADVOCATES AND SUPPORTERS FOR THE PROTECTION AND EXPANSION OF EDUCATION CHOICE. ADVOCACY AND CIVIC ENGAGEMENT PROVIDES THESE SERVICES TO ADVOCATES PARTICIPATING IN PROGRAMS ADMINISTERED BY THE ORGANIZATION AND TO ADVOCATES UTILIZING OTHER CHOICE OPTIONS UNDER CONTRACT SERVICE AGREEMENTS WITH CHOICE ADVOCACY GROUPS. 827726 0 0 READING SCHOLARSHIP PROGRAM: THE READING SCHOLARSHIP WAS CREATED IN 2018 TO PROVIDE ACADEMIC SUPPORT FOR ELEMENTARY SCHOOL STUDENTS IN DISTRICT OR CHARTER SCHOOLS, WHO STRUGGLE IN READING. STEP UP FOR STUDENTS, AS AN APPROVED SCHOLARSHIP FUNDING ORGANIZATION, ADMINISTERS THE PROGRAM. THE SCHOLARSHIP IS AVAILABLE TO STUDENTS IN THIRD THROUGH FIFTH GRADE WHO HAVE SCORED A LEVEL 1 OR 2 ON THE ENGLISH LANGUAGE ARTS SECTION OF THE FLORIDA STANDARDS ASSESSMENT. EACH SCHOLARSHIP IS WORTH $500, WHICH THE PARENT CAN USE TO PAY FOR TUITION AND FEES RELATED TO PART-TIME TUTORING, SUMMER AND AFTER-SCHOOL LITERACY PROGRAMS, INSTRUCTIONAL MATERIALS AND MORE. IN ITS FIRST YEAR, 2018-19, THE SCHOLARSHIP SERVED 5,375 STUDENTS. 107481 0 FAMILY EMPOWERMENT SCHOLARSHIP: IN MAY 2019, GOV. RON DESANTIS SIGNED INTO LAW THE FAMILY EMPOWERMENT SCHOLARSHIP, WHICH IS INTENDED TO HELP REDUCE THE WAITING LIST FOR THE TAX CREDIT SCHOLARSHIP AND SIMILARLY SERVES STUDENTS FROM LOW-INCOME AND WORKING-CLASS HOUSEHOLDS. STEP UP WORKED DIRECTLY WITH THE STATE DEPARTMENT OF EDUCATION TO ADMINISTER THIS SCHOLARSHIP AND ITS FIRST-YEAR GOAL IN 2019-20 IS TO SERVE 18,000 K-12 STUDENTS. 7760073 290968 1447569 647722004 1 1 0 1 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 643 0 1 291 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA CO CT FL DC GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC OH OR PA RI SC TN UT VA WA WV WI AL ND MO X X JOE PFOUNTZ 9043522246 4655 SALISBURY RD SUITE 400 JACKSONVILLE FL 32256 JOHN KIRTLEY CHAIRMAN, SUFS/DIRECTOR, A 40.00 X 0 0 0 ALISON HERTOG DIRECTOR, SUFS 2.00 X 0 0 0 ALFRED AL LAWSON DIRECTOR, SUFS 2.00 X 0 0 0 RICHARD OUTRAM DIRECTOR, SUFS 2.00 X 0 0 0 PAUL SHERMAN DIRECTOR, SUFS 2.00 X 0 0 0 CURTIS STOKES DIRECTOR, SUFS 2.00 X 0 0 0 TERRY JOVE DIRECTOR, SUFS 2.00 X 0 0 0 JOHN LEGG DIRECTOR, SUFS 2.00 X 0 0 0 DOUG TUTHILL PRESIDENT, SUFS 40.00 X 244845 0 28247 ANNE WHITE CAO, SUFS 40.00 X 162690 0 24542 JOE PFOUNTZ TREASURER & CFO, SUFS 40.00 X 194872 0 25054 ALISSA RANDALL VP MARKETING & EVENTS, SUF 40.00 X 155886 0 17918 JONATHAN BECKHAM VP INNOVATION 40.00 X 149755 0 31880 GINA LYNCH VP OPERATIONS 40.00 X 145642 0 21826 CAROL MACEDONIA VP STUDENT LEARNING 40.00 X 145157 0 17677 JONATHAN EAST VP POLICY & PUBLIC AFFAIRS 40.00 X 143893 0 16008 1342740 0 183152 25 0 1 0 SAP AMERICA INC PO BOX 7780-824024 PHILADELPHIA PA 191824024 SOFTWARE SERVICES 369358 ROBERT HALF TECHNOLOGY 12400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 CONSULTING SERVICES 270068 PREMIKATI INC 310 NORTH ALABAMA STREET STE 200 INDIANAPOLIS IN 46204 SOFTWARE SERVICES 230993 GENESYS TELECOMMUNICATIONS LABORATORIES PO BOX 206174 DALLAS TX 753206174 TELECOMMUNICATIONS 230741 ACQUIRE DIGITAL LLC 2000 GLEN ECHO RD STE 200 NASHVILLE TN 37215 MARKETING AND ADVERTISING 218671 16 714828892 714828892 SERVICE CONTRACT 561000 981486 981486 ADVOCACY & CIVIC ENGAG 900099 409226 409226 STUDENT DEVELOPMENT 900099 41782 41782 1432494 1673206 1673206 OTHER INCOME 900099 15075 15075 15075 717949667 1447569 0 1673206 624325720 624325720 632024 632024 15408848 13200347 829982 1378519 759599 562224 133580 63795 1962014 1528992 251534 181488 1136760 855779 189662 91319 121960 121960 261069 261069 256683 256683 4465341 2765330 1275674 424337 585918 469841 72551 43526 427924 302884 48077 76963 873297 682725 123441 67131 800031 526410 126365 147256 758610 603001 100760 54849 288583 227496 39435 21652 OTHER COSTS 603562 603562 REPAIRS AND MAINTENANCE 466757 361278 72916 32563 PRINTING AND POSTAGE 355679 237332 34834 83513 BANK FEES 298172 212400 85772 654788551 647722004 4399636 2666911 19085583 63442105 196000 130000 502820023 542649336 5137782 4963297 701402 858639 4637268 1741164 2986165 2896104 58467378 82191159 589394333 697130640 2236696 3083508 58467378 82182389 14986632 35000000 75690706 120265897 X 8115532 6621589 505588095 570243154 513703627 576864743 589394333 697130640 63161116 0 X X 0 1 X 1 0 X 456345377 521372137 533245078 705681555 714828892 2931473039 456345377 521372137 533245078 705681555 714828892 2931473039 1157199278 1774273761 8223 90396 397500 999419 1673206 3168744 12665 7046 339 3990 15075 39115 2934680898 4025083 0.60460 0.59190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 12,665. 2015 AMOUNT: $ 7,046. 2016 AMOUNT: $ 339. 2017 AMOUNT: $ 3,990. 2018 AMOUNT: $ 15,075. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124725 131958 256683 654531868 654788551 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 11942 66809 115003 256683 450437 250000 250000 250000 250000 1000000 1500000 8171 10454 18858 124725 162208 SCHEDULE C, PART II-A THE SENIOR POLICY DIRECTOR, LEGISLATIVE AFFAIRS MANAGER AND DIRECTOR OF ADVOCACY AND CIVIC ENGAGEMENT FOR STEP UP FOR STUDENTS PLAYED A KEY ROLE IN THE 2019 SESSION OF THE FLORIDA LEGISLATURE. DURING THE SESSION, LAWMAKERS CREATED A NEW DIRECT STATE-FUNDED PROGRAM CALLED THE FAMILY EMPOWERMENT SCHOLARSHIP AND ALSO ADOPTED IMPROVEMENTS TO THE TAX CREDIT SCHOLARSHIP AND OTHER SCHOLARSHIP PROGRAMS. THE DIRECTOR AND LEGISLATIVE AFFAIRS MANAGERS PROVIDED INFORMATION TO LAWMAKERS AND LEGISLATIVE STAFF, AND THE ADVOCACY DIRECTOR HELPED CONNECT SCHOLARSHIP FAMILIES WITH LAWMAKERS. THESE LOBBYING EFFORTS ARE FINANCED BY SEPARATE PRIVATE FUNDRAISING AND NOT THROUGH ANY OF THE ADMINISTRATIVE ALLOWANCE STEP UP RECEIVES FOR EACH PROGRAM. 1 58467378 128658297 104943286 82182389 1 X 47544 35453 12091 4589724 1705711 2884013 2896104 FUNDS HELD IN TRUST FOR STUDENTS 82182389 DUE FROM AFFILIATES 8770 82191159 X 718633943 394276 290000 684276 717949667 0 717949667 655248013 394276 65186 459462 654788551 0 654788551 PART IV, LINE 2B: IN JUNE 2014, LEGISLATION CREATED A SCHOLARSHIP FOR SPECIAL NEEDS CHILDREN THAT WAS SIGNED INTO LAW IN FLORIDA. A GARDINER SCHOLARSHIP ACCOUNT IS ESTABLISHED FOR EACH CHILD THAT IS AWARDED A SPECIAL NEEDS SCHOLARSHIP. PARENTS USE THIS MONEY TO PERSONALIZE THE EDUCATION OF THEIR CHILDREN WITH UNIQUE ABILITIES BY DIRECTING MONEY TOWARDS A COMBINATION OF PROGRAMS AND STATE APPROVED PROVIDERS. THESE INCLUDE SCHOOLS, THERAPISTS, SPECIALISTS, CURRICULUM AND TECHNOLOGY AND COLLEGE SAVINGS ACCOUNTS. IN JUNE 2018, LEGISLATION CREATED A SCHOLARSHIP TO PROVIDE ACADEMIC SUPPORT FOR ELEMENTARY SCHOOL STUDENTS IN DISTRICT OR CHARTER SCHOOLS WHO STRUGGLE IN READING THAT WAS SIGNED INTO LAW IN FLORIDA. THE SCHOLARSHIP IS AVAILABLE TO STUDENTS IN THIRD THROUGH FIFTH GRADE WHO HAVE SCORED A LEVEL 1 OR 2 ON THE ENGLISH LANGUAGE ARTS SECTION OF THE FLORIDA STANDARDS ASSESSMENT. PARENTS USE THIS SCHOLARSHIP TO PAY FOR TUITION AND FEES RELATED TO PART-TIME TUTORING, SUMMER AND AFTER-SCHOOL LITERACY PROGRAMS, INSTRUCTIONAL MATERIALS AND MORE. DURING THE YEARS ENDED JUNE 30, 2019 AND 2018, STEP UP FOR STUDENTS DISTRIBUTED APPROXIMATELY $104.9 MILLION AND $77.1 MILLION, LEAVING A BALANCE OF APPROXIMATELY $82.1 MILLION AND $58.4 MILLION RESPECTIVELY, WHICH IS RECORDED IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS BOTH AN ASSET AND A LIABILITY. STEP UP FOR STUDENTS IS ACTING AS AN AGENT FOR BOTH OF THESE PROGRAMS, THEREFORE, THERE ARE NO REVENUES AND EXPENSES REPORTED ON THE STATEMENT OF ACTIVITIES FOR SCHOLARSHIP FUNDS RECEIVED AND DISTRIBUTED FROM THE STATE OF FLORIDA. PART X, LINE 2: STEP UP FOR STUDENTS IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTES. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE FINANCIAL STATEMENTS. STEP UP FOR STUDENTS HAS MADE AN ELECTION UNDER SECTION 501(H) OF THE INTERNAL REVENUE CODE, WHICH PERMITS CERTAIN ELIGIBLE 501(C)(3) ORGANIZATIONS TO MAKE LIMITED EXPENDITURES TO INFLUENCE LEGISLATION. STEP UP FOR STUDENTS WOULD BE SUBJECT TO AN EXCISE TAX IF IT SPENDS MORE THAN THE AMOUNTS PERMITTED. SUCH LIMITS HAVE NOT BEEN EXCEEDED. THE ALABAMA OPPORTUNITY SCHOLARSHIP FUND IS A DISREGARDED ENTITY FOR FEDERAL AND STATE INCOME TAX PURPOSES AND THEREFORE, REPORTS ALL FEDERAL AND STATE TAX INFORMATION THROUGH STEP UP FOR STUDENTS. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. C2 IS A DISREGARDED ENTITY FOR FEDERAL AND STATE INCOME TAX PURPOSES AND THEREFORE, REPORTS ALL FEDERAL AND STATE INCOME TAX INFORMATION THROUGH STEP UP FOR STUDENTS. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. STEP UP FOR STUDENTS FOLLOWS ACCOUNTING STANDARDS RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT ASSESSED WHETHER THERE WERE ANY UNCERTAIN TAX POSITIONS WHICH MAY GIVE RISE TO INCOME TAX LIABILITIES AND DETERMINED THAT THERE WERE NO SUCH MATTERS REQUIRING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, STEP UP FOR STUDENTS IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: ALABAMA OPPORTUNITY ACTION FUND REVENUES 290,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: ALABAMA OPPORTUNITY ACTION FUND EXPENSES 65,186. 1 FLORIDA TAX CREDIT SCHOLARSHIP PROGRAM 100415 615252820 ALABAMA OPPORTUNITY SCHOLARSHIP FUND 1568 8781932 HOPE SCHOLARSHIP PROGRAM 128 290968 PART I, LINE 2: STEP UP FOR STUDENTS RECEIVES GRANTS TO FUND PROJECTS AND INITIATIVES TO EMPOWER THE FAMILIES OF OUR STUDENTS. THE GRANT EXPENSES ARE TRACKED BY PROJECT CODE FOR EASE OF REPORTING TO OUR GRANTORS, IF APPLICABLE. X X X X X 0 0 0 0 0 0 0 0 0 DOUG TUTHILL PRESIDENT, SUFS 244845 0 0 0 0 0 14940 0 13307 0 273092 0 0 0 ANNE WHITE CAO, SUFS 162690 0 0 0 0 0 10145 0 15129 0 187964 0 0 0 JOE PFOUNTZ TREASURER & CFO, SUFS 194872 0 0 0 0 0 10447 0 14607 0 219926 0 0 0 ALISSA RANDALL VP MARKETING & EVENTS, SUF 155886 0 0 0 0 0 9516 0 8447 0 173849 0 0 0 JONATHAN BECKHAM VP INNOVATION 149755 0 0 0 0 0 9425 0 22455 0 181635 0 0 0 GINA LYNCH VP OPERATIONS 145642 0 0 0 0 0 9019 0 12807 0 167468 0 0 0 CAROL MACEDONIA VP STUDENT LEARNING 145157 0 0 0 0 0 8841 0 8836 0 162834 0 0 0 JONATHAN EAST VP POLICY & PUBLIC AFFAIRS 143893 0 0 0 0 0 8729 0 7279 0 159901 0 0 0 FORM 990, PART III, LINE 2 FAMILY EMPOWERMENT SCHOLARSHIP CREATED: IN MAY 2019, GOV. RON DESANTIS SIGNED INTO LAW THE FAMILY EMPOWERMENT SCHOLARSHIP, WHICH IS INTENDED TO HELP REDUCE THE WAITING LIST FOR THE TAX CREDIT SCHOLARSHIP AND SIMILARLY SERVES STUDENTS FROM LOW-INCOME AND WORKING-CLASS HOUSEHOLDS. STEP UP WORKED DIRECTLY WITH THE STATE DEPARTMENT OF EDUCATION TO ADMINISTER THIS SCHOLARSHIP AND ITS FIRST-YEAR GOAL IN 2019-20 IS TO SERVE 18,000 K-12 STUDENTS. FORM 990, PART VI, SECTION A, LINE 4 THERE WAS A MINOR CHANGE TO THE BY-LAWS FOR STEP UP FOR STUDENTS IN DECEMBER 2018. UNDER ARTICLE IV, SECTION 4.4 UNDER DUTIES, WE ADDED DUTIES FOR THE VICE CHAIR. THE DUTIES INCLUDE "THE VICE CHAIR SHALL BE PREPARED AT ALL TIMES TO ASSUME THE ROLE OF BOARD CHAIR, IF NECESSARY. THE VICE CHAIR, WHOSE KNOWLEDGE AND COMMITMENTS MIRRORS THAT OF THE CHAIR, MAY SERVE IN THE CHAIR'S PLACE FOR BOARD ACTIVITIES AND IN THE SPOKESPERSON CAPACITY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE FUND'S INDEPENDENT CPA FIRM. AFTER BEING REVIEWED BY MANAGEMENT, THE FULL FORM 990 INFORMATIONAL RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT. THE BOARD OF DIRECTORS IS ALSO AFFORDED THE OPPORTUNITY TO ASK QUESTIONS WITH RESPECT TO THE FORM 990 BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C STEP UP FOR STUDENTS ENSURES THAT THE CONFLICT OF INTEREST POLICY IS ADHERED TO WITH THE FOLLOWING ACTIVITIES: 1) REGULAR EDUCATION WITH THE BOARD OF DIRECTORS, OFFICERS AND KEY STAFF. EACH YEAR, THE POLICY IS REVIEWED WITH THE BOARD OF DIRECTORS AND THE EXECUTIVE TEAM. EACH ACKNOWLEDGE THEIR UNDERSTANDING AND COMPLIANCE BY SIGNING AN ANNUAL COMPLIANCE STATEMENT. 2) THE CFO REVIEWS EACH CONTRACT THE ORGANIZATION ENTERS. 3) FINANCE STAFF AND THE PRESIDENT REVIEW ALL PAYMENTS AS THEY ARE MADE FOR POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS COMPARABLE COMPENSATION AND BENEFITS DATA OF SIMILAR ORGANIZATIONS. DURING FISCAL YEAR 2016, AN INDEPENDENT COMPENSATION CONSULTING FIRM CONDUCTED A FULL COMPARATIVE STUDY FOR EACH INDIVIDUAL EXECUTIVE POSITION AND ALL NON-EXECUTIVE JOB GRADES. THE COMMITTEE USES THIS INFORMATION, COMBINED WITH THE PERFORMANCE OF THE PRESIDENT, TO RECOMMEND THE PRESIDENT'S COMPENSATION PACKAGE FOR APPROVAL OF THE FULL BOARD. THE FULL BOARD APPROVES THE PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 STEP UP FOR STUDENTS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE, WWW.STEPUPFORSTUDENTS.ORG. PRINTED COPIES ARE AVAILABLE BY REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. THE ALABAMA OPPORTUNITY SCHOLARSHIP FUND 2101 MAGNOLIA AVE S STE 425 BIRMINGHAM AL 35205 493813722 SCHOLARSHIP FUNDING AL 3322942 7589479 STEP UP FOR STUDENTS C2 SCHOLARSHIPS 2101 MAGNOLIA AVE S STE 425 BIRMINGHAM AL 35205 832425710 SCHOLARSHIP FUNDING AL 394689 322027 STEP UP FOR STUDENTS ALABAMA OPPORTUNITY ACTION FUND 2101 MAGNOLIA AVE S STE 425 BIRMIINGHAM AL 35205 833979219 SCHOLARSHIP FUNDING AL 501(C)(4) STEP UP FOR STUDENTS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 ALABAMA OPPORTUNITY ACTION FUND Q 8770 FMV ALABAMA OPPORTUNITY ACTION FUND N ALABAMA OPPORTUNITY ACTION FUND O