BETA

FAMILY SCHOLAR HOUSE INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FAMILY SCHOLAR HOUSE INC (EIN 61-1285124)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-13
IRS object ID
202503179349305180
Schema version
2024v5.0
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)
Return2025-11-13T12:50:17-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN610866166PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MILLER MAYER SULLIVAN & STEVENS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12365 HARRODSBURG RD STE A100AddressLine1Txt
CityLEXINGTONCityNm
State AbbreviationKYStateAbbreviationCd
ZIP40504ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN611285124EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FAMILY SCHOLAR HOUSE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFAMIBusinessNameControlTxt
Phone5025848090PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1403 REG SMITH CIRCLEAddressLine1Txt
CityLOUISVILLECityNm
State AbbreviationKYStateAbbreviationCd
ZIP40208ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCATHE DYKSTRAPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone5025848090PhoneNum
Signature2025-11-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJENNIFER L BARTON CPAPreparerPersonNm
PTINP00365499PTIN
Phone8592233095PhoneNum
Preparation2025-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCATHE DYKSTRAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1403 REG SMITH CIRCLEAddressLine1Txt
CityLOUISVILLECityNm
State AbbreviationKYStateAbbreviationCd
ZIP40208ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$0GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FAMILYSCHOLARHOUSE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1995FormationYr
Legal Domicile StateKYLegalDomicileStateCd
Activity Or MissionTO END THE CYCLE OF POVERTY AND TRANSFORM OUR COMMUNITY BY EMPOWERING FAMILIES AND YOUTH TO SUCCEED IN EDUCATION AND ACHIEVE LIFE-LONG SELF SUFFICIENCY.ActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$7,937,938PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$669,506PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$121,599PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$63,348PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$8,792,391PYTotalRevenueAmt
CY Total Revenue$0CYTotalRevenueAmt
PY Grants And Similar Paid$275,564PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,362,355PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,429,325PYOtherExpensesAmt
CY Other Expenses$0CYOtherExpensesAmt
PY Total Expenses$7,067,244PYTotalExpensesAmt
CY Total Expenses$0CYTotalExpensesAmt
PY Revenues Less Expenses$1,725,147PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$20,404,055TotalAssetsBOYAmt
Total Assets EOY$499,050TotalAssetsEOYAmt
Total Liabilities BOY$2,119,988TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$18,284,067NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$499,050NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF FAMILY SCHOLAR HOUSE ("FSH") IS TO END THE CYCLE OF POVERTY BY GIVING SINGLE-PARENTS AND YOUNG ADULTS FORMERLY IN FOSTER CARE THE SUPPORT THEY NEED TO OBTAIN POST-SECONDARY EDUCATION THAT LEADS TO A LIVABLE WAGE. FSH WORKS TO END THE CYCLE OF POVERTY AND TRANSFORM OUR COMMUNITY BY EMPOWERING FAMILIES AND YOUTH TO SUCCEED IN EDUCATION AND ACHIEVE LIFE-LONG SELF-SUFFICIENCY. FSH BELIEVES THAT EVERYONE DESERVES THE OPPORTUNITY TO REALIZE THEIR FULL POTENTIAL AND THAT ACCESS TO EDUCATION IS A SIGNIFICANT BARRIER FOR DISADVANTAGED FAMILIES. BY PROVIDING ACADEMIC ADVISING, APPRENTICESHIP OPPORTUNITIES, HOUSING, CHILDCARE, FAMILY SUPPORT SERVICES, AND INTER-GENERATIONAL LEARNING OPPORTUNITIES FOR HEALTH, WELL BEING AND LIFE-SKILLS, WE HELP TO ADDRESS ALL THE BARRIERS TO SUCCESS IN EDUCATION AND LIFE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescTO END THE CYCLE OF POVERTY AND TRANSFORM OUR COMMUNITY BY EMPOWERING FAMILIES AND YOUTH TO SUCCEED IN EDUCATION AND ACHIEVE LIFE-LONG SELF SUFFICIENCY.Desc
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
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 SecfalseReportInvestmentsOtherSecInd
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 IndividualsfalseGrantsToIndividualsInd
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 LiquidationYes (true)PartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
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 PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (true)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTHE ORGANIZATIONPersonNm
Phone5025848090PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1403 REG SMITH CIRCLEAddressLine1Txt
CityLOUISVILLECityNm
State AbbreviationKYStateAbbreviationCd
ZIP40208ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TRACY REDMON
CHAIR1.00Yes (X)Yes (X)$0$0$0
JEREMY FRANKFORTHER
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
JOI CROSBY
SECRETARY/TR1.00Yes (X)Yes (X)$0$0$0
ADAM HALL
PAST CHAIR1.00Yes (X)Yes (X)$0$0$0
JANINE HOGAN
BOARD MEMBER1.00Yes (X)$0$0$0
CATHE DYKSTRA
PRESIDENT &1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Total Revenue TotalRevenueGrp

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

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,578,349BOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$783,173BOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$160,989BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,472,005BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$154,119BOYAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$10,385,894BOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$92,488BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$2,699,389BOYAmt
EOY$499,050EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$77,649BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$20,404,055BOYAmt
EOY$499,050EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$218,634BOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$76,949BOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,824,405BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,119,988BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,049,331BOYAmt
EOY$499,050EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,234,736BOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,284,067BOYAmt
EOY$499,050EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,404,055BOYAmt
EOY$499,050EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$17,785,017OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
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$4,149,310CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,241,041CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,506,212CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,937,938CurrentTaxYearMinus1YearAmt
Total$18,834,501TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,149,310CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,241,041CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,506,212CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,937,938CurrentTaxYearMinus1YearAmt
Total$18,834,501TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,304,524SubstantialContributorsTotAmt
Public Support Total170$17,529,977PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$60,926CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$61,004CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,843CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$121,347CurrentTaxYearMinus1YearAmt
Total$273,120TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$118,879CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$124,524CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$67,332CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$56,251CurrentTaxYearMinus1YearAmt
Total$366,986TotalAmt
FieldValueIRS element (for citing)
Total Support$19,474,607TotalSupportAmt
Gross Receipts Rltd Activities$1,164,669GrossReceiptsRltdActivitiesAmt
Public Support CY1700.90010PublicSupportCY170Pct
Public Support PY1700.87400PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
Explanation366,986ExplanationTxt

Schedule D IRS990ScheduleD

Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
INVESTMENT IN DSH$499,738C
INVESTMENT IN PARKLAND SH-$318C
INVESTMENTS IN SJSH-$370C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$499,050TotalBookValueProgramRltdAmt

Schedule N IRS990ScheduleN

Disposition Of Assets Detail DispositionOfAssetsDetail (12 entries)

Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDescDistributionDistributionDtFair Market Value Of AssetFairMarketValueOfAssetAmtMethod Of FMV DeterminationMethodOfFMVDeterminationTxtEINEINAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdIRC SectionIRCSectionTxt
FAMILY INC
CASH2023-12-31$4,578,349FMV461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
GRANTS RECEIVABLE2023-12-31$783,173FMV461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
ACCOUNTS RECEIVABLE2023-12-31$160,989FMV461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
NOTE RECEIVABLE2023-12-31$1,472,005FMV461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
PREPAID EXPENSES2023-12-31$154,119FMV461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
FIXED ASSETS2023-12-31$10,385,894NBV461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
INVEST-PUBLIC TR SEC2023-12-31$92,488FMV461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
INVEST- PROG RELATED2023-12-31$2,199,588FMV461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
OTHER ASSETS2023-12-31$77,649FMV461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
ACCOUNTS PAYABLE2023-12-31$218,634ACT COST461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
DEFERRED REVENUE2023-12-31$76,949ACT COST461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FAMILY INC
NOTES PAYABLE2023-12-31$1,824,405ACT COST461418469403 REG SMITH CIRCLELOUISVILLEKY40208501(C)(3)
FieldValueIRS element (for citing)
Director Of Successor2Yes (true)DirectorOfSuccessor2Ind
Employee Of Successor2falseEmployeeOfSuccessor2Ind
Owner Of Successor2falseOwnerOfSuccessor2Ind
Receive Compensation2falseReceiveCompensation2Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE N, PART II, PAGE 2, LINE 2EFormAndLineReferenceDesc
ExplanationFAMILY SCHOLAR HOUSE INC (EIN- 61-1285124),THE PARENT COMPANY, TRANSFERRED 17,784,266 IN NET ASSETS TO FAMILY INC (EIN 46-1418469) AS OF JANUARY 1, 2024. CATHE DYKSTRA, TRACY REDMON AND ADAM HALL SERVE AS DIRECTOR/OFFICER FOR FAMILY SCHOLAR HOUSE INC AND FAMILY INC.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE MISSION OF FAMILY SCHOLAR HOUSE ("FSH") IS TO END THE CYCLE OF POVERTY BY GIVING SINGLE-PARENTS AND YOUNG ADULTS FORMERLY IN FOSTER CARE THE SUPPORT THEY NEED TO OBTAIN POST-SECONDARY EDUCATION THAT LEADS TO A LIVABLE WAGE. FSH WORKS TO END THE CYCLE OF POVERTY AND TRANSFORM OUR COMMUNITY BY EMPOWERING FAMILIES AND YOUTH TO SUCCEED IN EDUCATION AND ACHIEVE LIFE-LONG SELF-SUFFICIENCY. FSH BELIEVES THAT EVERYONE DESERVES THE OPPORTUNITY TO REALIZE THEIR FULL POTENTIAL AND THAT ACCESS TO EDUCATION IS A SIGNIFICANT BARRIER FOR DISADVANTAGED FAMILIES. BY PROVIDING ACADEMIC ADVISING, APPRENTICESHIP OPPORTUNITIES, HOUSING, CHILDCARE, FAMILY SUPPORT SERVICES, AND INTER-GENERATIONAL LEARNING OPPORTUNITIES FOR HEALTH, WELL BEING AND LIFE-SKILLS, WE HELP TO ADDRESS ALL THE BARRIERS TO SUCCESS IN EDUCATION AND LIFE.
FORM 990, PAGE 6, PART VI, LINE 11BTHE 990 IS REVIEWED BY THE FINANCE COMMITTEE, INCLUDING THE BOARD TREASURER. RECOMMENDATIONS ARE THEN MADE TO THE EXECUTIVE COMMITTEE FOR ACTION. THE 990 IS THEN SIGNED BY THE PRESIDENT AND CEO.
FORM 990, PAGE 6, PART VI, LINE 12CEVERY BOARD MEMBER COMPLETES A CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE THEN REVIEWED BY THE BOARD GOVERNANCE COMMITTEE AND ANY CHANGES THAT ARE RECOMMENDED ARE REFERRED TO THE EXECUTIVE COMMITTEE AND/OR FULL BOARD FOR ACTION.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST.
FORM 990, PART XI, LINE 9TRANSFER NET ASSETS TO FAMILY INC -17,784,266 INVESTMENTS- PTE ACTIVITY -751 TOTAL -17,785,017

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEnd Of Year AssetsEndOfYearAssetsAmtTotal IncomeTotalIncomeAmt
PROJECT WOMEN DEVELOPMENT LLC
403 REG SMITH CIRCLELOUISVILLEKY40208262858725CONSULTINGKYFSH INC
SJSH GP LLC
403 REG SMITH CIRCLELOUISVILLEKY40208460766533LIHTCKYFSH INC-$158
LOUISVILLE SCHOLAR HOUSE LLC
403 REG SMITH CIRCLELOUISVILLEKY40208208929773LIHTCKYFSH INC$7,592,185$570,343

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPct
DOWNTOWN SCHOLAR HOUSE LLLP
403 REG SMITH CIRCLELOUISVILLEKY40208270661625CONSTRUCTIKYN/AfalseYes (true)
STODDARD JOHNSTON SCHOLAR HOUSE LLL
403 REG SMITH CIRCLELOUISVILLEKY40208273079175CONSTRUCTIKYfalseYes (true)SJSP GP LLRELATED-$1580.00010
PARKLAND SCHOLAR HOUSE LLLP
403 REG SMITH CIRCLELOUISVILLEKY40208371696499CONSTRUCTIKYN/AfalseYes (true)0.00010

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
DSH GP INC
403 REG SMITH CIRCLELOUISVILLEKY40208272147115LIHTCKYFSH INCC CORP-$224$502,8031.00000Yes (true)
PARKLAND GP LLC
403 REG SMITH CIRCLELOUISVILLEKY40208455565154LIHTCKYFSH INCC CORP-$26$218,8821.00000Yes (true)
PARKLAND SCHOLAR HOUSE LLLP
403 REG SMITH CIRCLELOUISVILLEKY40208371696499CONSTRUCTIKYFSH INCC CORP-$26$218,8800.00010false
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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