2019-05-14T13:10:28-05:00 2018-06-30 113518842 MARKS PANETH LLP 4 MANHATTANVILLE ROAD PURCHASE NY 10577 990 2017-07-01 061467698 GREENWICH SCHOLARSHIP ASSOCIATION INC GREE 2039758830 PO BOX 4627 GREENWICH CT 06831 WILLIAM DYLEWSKY TREASURER 2036619799 2019-05-14 1 DANNELL LYNE P00436718 9145249000 65.51.91.130 2019-05-14 07:49:38 ED P 7C61B3E6B7B79809147739CB0F9C566A9BCAE14B DC41D64BBBE85F66F669394821948C3833258226 2017 2019-02-21 02:37:17Z WILLIAM DYLEWSKY PO BOX 4627 GREENWICH CT 06831 792613 0 X WWW.GREENWICHSCHOLARSHIP.ORG X 1972 CT TO PROVIDE NEED-BASED FINANCIAL ASSISTANCE FROM ITS OWN FUNDS AND VARIOUS SPONSORS TO GRADUATING GREENWICH STUDENTS FOR THE STUDENTS' HIGHER EDUCATION. 27 27 0 57 0 0 534057 598110 0 0 32253 46386 0 0 566310 644496 499605 519015 0 0 0 0 0 0 0 17632 19457 517237 538472 49073 106024 1710188 1833480 543192 530356 1166996 1303124 TO PROVIDE NEED-BASED FINANCIAL ASSISTANCE FROM ITS OWN FUNDS AND VARIOUS SPONSORS TO GRADUATING GREENWICH STUDENTS FOR THE STUDENTS' HIGHER EDUCATION. 0 0 519015 519015 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. 519015 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 CT X X WILLIAM A DYLEWSKY CPA 2035319253 PO BOX 4627 GREENWICH CT 06831 X ALLAN JAY TREASURER 1.00 X X 0 0 0 BETSY FEINER INDEPENDENT SCHOOLS LIASON 1.00 X X 0 0 0 BLAKELY STINEBAUGH VP APPLICATIONS 1.00 X X 0 0 0 CAROL ANN COUGHLIN AT-LARGE DIRECTOR 1.00 X 0 0 0 CATHERINE HOLDEN EXECUTIVE VICE PRESIDENT 1.00 X X 0 0 0 CRISTINA BENVENUTO AT-LARGE DIRECTOR 1.00 X 0 0 0 DEBRA OLESEN VP EVENTS 1.00 X X 0 0 0 ELIZABETH ZACCHERIO SECRETARY 1.00 X X 0 0 0 GEOFFREY THAW AT-LARGE DIRECTOR 1.00 X 0 0 0 JENNIFER LYNCH GHS LIAISON 1.00 X X 0 0 0 JENNIFER PORT ESQ LEGAL COUNSEL 1.00 X X 0 0 0 JUDY CHAPMAN AT-LARGE DIRECTOR 1.00 X 0 0 0 JULIET SCHNUR EXECUTIVE VICE PRESIDENT 1.00 X X 0 0 0 KERRI ANN HOFER AT-LARGE DIRECTOR 1.00 X 0 0 0 LESLIE ALFANO VP SPONSORS 1.00 X X 0 0 0 LESLIE DOBRYN VP INTERVIEWS 1.00 X X 0 0 0 LINDA J MILLER VP ADMINISTRATION 1.00 X X 0 0 0 LINNA YEE AT-LARGE DIRECTOR 1.00 X 0 0 0 LOUISE HAGSTROM AT-LARGE DIRECTOR 1.00 X 0 0 0 MARGARET SANTHANAM AT-LARGE DIRECTOR 1.00 X 0 0 0 MARIE HERTZIG PRESIDENT 1.00 X X 0 0 0 MARLENE GILBERT AT-LARGE DIRECTOR 1.00 X 0 0 0 MEGAN BODEUR AT-LARGE DIRECTOR 1.00 X 0 0 0 ROD SAGGESE SECRETARY 1.00 X 0 0 0 SAREETA BJERKE CP STUDENTS 1.00 X X 0 0 0 TERRY HAIDINGER BOOKEEPER 1.00 X 0 0 0 WILLIAM DYLEWSKY TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 598110 598110 23729 23729 159563 11211 148117 0 11446 11211 22657 22657 644496 0 0 46386 519015 519015 6500 6500 ADMINISTRATIVE EXPENSES 12957 12957 538472 519015 19457 0 459393 554693 378382 127967 823313 1143720 49100 7100 1710188 1833480 76 4430 543116 525926 543192 530356 X 248143 265225 767669 880811 151184 157088 1166996 1303124 1710188 1833480 106024 30104 0 X X 0 1 X 1 0 X 544842 791321 529235 534057 598110 2997565 544842 791321 529235 534057 598110 2997565 282876 2714689 44991 20293 23758 26261 23729 139032 3136597 0.86550 0.85420 X 1166996 598110 74830 531972 4840 1303124 1027874 534057 121773 511679 5029 1166996 1109870 529235 -17867 583232 10132 1027874 871325 791321 79 540233 12622 1109870 759752 544533 88543 509779 11724 871325 0.20350 0.12050 0.67600 1 0 0 SCHOLARSHIPS PAYABLE 519130 DEFERRED SCHOLARSHIPS PAYABLE 6796 525926 X 668100 30104 30104 637996 6500 6500 644496 531972 0 531972 6500 6500 538472 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. 0 COLLEGE SCHOLARSHIPS 145 519015 PART I, LINE 2: 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. 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 C, 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 ORGANIZATION'S BUSINESS OFFICE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.