GREENWICH SCHOLARSHIP ASSOCIATION INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
GREENWICH SCHOLARSHIP ASSOCIATION INC (EIN 06-1467698)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-14
IRS object ID
201921349349304142
Schema version
2017v2.3
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)
Return2019-05-14T13:10:28-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113518842PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MARKS PANETH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14 MANHATTANVILLE ROADAddressLine1Txt
CityPURCHASECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10577ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061467698EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREENWICH SCHOLARSHIP ASSOCIATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREEBusinessNameControlTxt
Phone2039758830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 4627AddressLine1Txt
CityGREENWICHCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06831ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM DYLEWSKYPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2036619799PhoneNum
Signature2019-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANNELL LYNEPreparerPersonNm
PTINP00436718PTIN
Phone9145249000PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address65.51.91.130IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-14IPDt
IP Tm07:49:38IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id7C61B3E6B7B79809147739CB0F9C566A9BCAE14BAtSubmissionCreationDeviceId
At Submission Filing Device IdDC41D64BBBE85F66F669394821948C3833258226AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWILLIAM DYLEWSKYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 4627AddressLine1Txt
CityGREENWICHCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06831ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$792,613GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GREENWICHSCHOLARSHIP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1972FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionTO 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 Body27VotingMembersGoverningBodyCnt
Voting Members Independent27VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers57TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$534,057PYContributionsGrantsAmt
CY Contributions Grants$598,110CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$32,253PYInvestmentIncomeAmt
CY Investment Income$46,386CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$566,310PYTotalRevenueAmt
CY Total Revenue$644,496CYTotalRevenueAmt
PY Grants And Similar Paid$499,605PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$519,015CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$17,632PYOtherExpensesAmt
CY Other Expenses$19,457CYOtherExpensesAmt
PY Total Expenses$517,237PYTotalExpensesAmt
CY Total Expenses$538,472CYTotalExpensesAmt
PY Revenues Less Expenses$49,073PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$106,024CYRevenuesLessExpensesAmt
Total Assets BOY$1,710,188TotalAssetsBOYAmt
Total Assets EOY$1,833,480TotalAssetsEOYAmt
Total Liabilities BOY$543,192TotalLiabilitiesBOYAmt
Total Liabilities EOY$530,356TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,166,996NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,303,124NetAssetsOrFundBalancesEOYAmt
MissionTO 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$519,015ExpenseAmt
Grant$519,015GrantAmt
DescGREENWICH 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$519,015TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members27GoverningBodyVotingMembersCnt
Independent Voting Member27IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WILLIAM A DYLEWSKY CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2035319253PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 4627AddressLine1Txt
CityGREENWICHCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06831ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ALLAN JAY
TREASURER1.00Yes (X)Yes (X)$0$0$0
BETSY FEINER
INDEPENDENT SCHOOLS LIASON1.00Yes (X)Yes (X)$0$0$0
BLAKELY STINEBAUGH
VP APPLICATIONS1.00Yes (X)Yes (X)$0$0$0
CAROL ANN COUGHLIN
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
CATHERINE HOLDEN
EXECUTIVE VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$0
CRISTINA BENVENUTO
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
DEBRA OLESEN
VP EVENTS1.00Yes (X)Yes (X)$0$0$0
ELIZABETH ZACCHERIO
SECRETARY1.00Yes (X)Yes (X)$0$0$0
GEOFFREY THAW
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
JENNIFER LYNCH
GHS LIAISON1.00Yes (X)Yes (X)$0$0$0
JENNIFER PORT ESQ
LEGAL COUNSEL1.00Yes (X)Yes (X)$0$0$0
JUDY CHAPMAN
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
JULIET SCHNUR
EXECUTIVE VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$0
KERRI ANN HOFER
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
LESLIE ALFANO
VP SPONSORS1.00Yes (X)Yes (X)$0$0$0
LESLIE DOBRYN
VP INTERVIEWS1.00Yes (X)Yes (X)$0$0$0
LINDA J MILLER
VP ADMINISTRATION1.00Yes (X)Yes (X)$0$0$0
LINNA YEE
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
LOUISE HAGSTROM
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
MARGARET SANTHANAM
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
MARIE HERTZIG
PRESIDENT1.00Yes (X)Yes (X)$0$0$0
MARLENE GILBERT
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
MEGAN BODEUR
AT-LARGE DIRECTOR1.00Yes (X)$0$0$0
ROD SAGGESE
SECRETARY1.00Yes (X)$0$0$0
SAREETA BJERKE
CP STUDENTS1.00Yes (X)Yes (X)$0$0$0
TERRY HAIDINGER
BOOKEEPER1.00Yes (X)$0$0$0
WILLIAM DYLEWSKY
TREASURER1.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$598,110AllOtherContributionsAmt
Total Contributions$598,110TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$23,729TotalRevenueColumnAmt
Exclusion$23,729ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$159,563SecuritiesAmt
Other$11,211OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$148,117SecuritiesAmt
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$11,446SecuritiesAmt
Other$11,211OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,657TotalRevenueColumnAmt
Exclusion$22,657ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$644,496TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$46,386ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$519,015TotalAmt
Program Services$519,015ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$6,500TotalAmt
Management And General$6,500ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescADMINISTRATIVE EXPENSESDesc
Total$12,957TotalAmt
Management And General$12,957ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$538,472TotalAmt
Program Services$519,015ProgramServicesAmt
Management And General$19,457ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$459,393BOYAmt
EOY$554,693EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$378,382BOYAmt
EOY$127,967EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$823,313BOYAmt
EOY$1,143,720EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$49,100BOYAmt
EOY$7,100EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,710,188BOYAmt
EOY$1,833,480EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$76BOYAmt
EOY$4,430EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$543,116BOYAmt
EOY$525,926EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$543,192BOYAmt
EOY$530,356EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$248,143BOYAmt
EOY$265,225EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$767,669BOYAmt
EOY$880,811EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$151,184BOYAmt
EOY$157,088EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,166,996BOYAmt
EOY$1,303,124EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,710,188BOYAmt
EOY$1,833,480EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$106,024ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$30,104NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

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$544,842CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$791,321CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$529,235CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$534,057CurrentTaxYearMinus1YearAmt
Current Tax Year$598,110CurrentTaxYearAmt
Total$2,997,565TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$544,842CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$791,321CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$529,235CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$534,057CurrentTaxYearMinus1YearAmt
Current Tax Year$598,110CurrentTaxYearAmt
Total$2,997,565TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$282,876SubstantialContributorsTotAmt
Public Support Total170$2,714,689PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$44,991CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$20,293CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,758CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$26,261CurrentTaxYearMinus1YearAmt
Current Tax Year$23,729CurrentTaxYearAmt
Total$139,032TotalAmt
FieldValueIRS element (for citing)
Total Support$3,136,597TotalSupportAmt
Public Support CY1700.86550PublicSupportCY170Pct
Public Support PY1700.85420PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,166,996BeginningYearBalanceAmt
Contributions$598,110ContributionsAmt
Investment Earnings Or Losses$74,830InvestmentEarningsOrLossesAmt
Other Expenditures$531,972OtherExpendituresAmt
Administrative Expenses$4,840AdministrativeExpensesAmt
End Year Balance$1,303,124EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,027,874BeginningYearBalanceAmt
Contributions$534,057ContributionsAmt
Investment Earnings Or Losses$121,773InvestmentEarningsOrLossesAmt
Other Expenditures$511,679OtherExpendituresAmt
Administrative Expenses$5,029AdministrativeExpensesAmt
End Year Balance$1,166,996EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,109,870BeginningYearBalanceAmt
Contributions$529,235ContributionsAmt
Investment Earnings Or Losses-$17,867InvestmentEarningsOrLossesAmt
Other Expenditures$583,232OtherExpendituresAmt
Administrative Expenses$10,132AdministrativeExpensesAmt
End Year Balance$1,027,874EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$871,325BeginningYearBalanceAmt
Contributions$791,321ContributionsAmt
Investment Earnings Or Losses$79InvestmentEarningsOrLossesAmt
Other Expenditures$540,233OtherExpendituresAmt
Administrative Expenses$12,622AdministrativeExpensesAmt
End Year Balance$1,109,870EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$759,752BeginningYearBalanceAmt
Contributions$544,533ContributionsAmt
Investment Earnings Or Losses$88,543InvestmentEarningsOrLossesAmt
Other Expenditures$509,779OtherExpendituresAmt
Administrative Expenses$11,724AdministrativeExpensesAmt
End Year Balance$871,325EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.20350BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.12050PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.67600TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
SCHOLARSHIPS PAYABLE$519,130
DEFERRED SCHOLARSHIPS PAYABLE$6,796
FieldValueIRS element (for citing)
Total Liability$525,926TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$668,100TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$30,104NetUnrealizedGainsInvstAmt
Revenue Not Reported$30,104RevenueNotReportedAmt
Revenue Subtotal$637,996RevenueSubtotalAmt
Investment Expenses Not Incld$6,500InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$6,500RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$644,496TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$531,972TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$531,972ExpensesSubtotalAmt
Investment Expenses Not Incld2$6,500InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$6,500ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$538,472TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 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.
PART X, LINE 2:THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES PURSUANT TO THE PROVISIONS OF SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS, AND HAS CONCLUDED THAT AS OF JUNE 30, 2018, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2015.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeCOLLEGE SCHOLARSHIPSGrantTypeTxt
Recipient145RecipientCnt
Cash Grant$519,015CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSCHOLARSHIP 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 (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CTHERE 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 C, LINE 19THE 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 ORGANIZATION'S BUSINESS OFFICE.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.

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