2019-05-15T12:56:17-05:00 2018-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2017-07-01 611709239 Arete Scholars Louisiana Inc ARET 4046972649 3615 Braselton Hwy Ste 201 No 203 Dacula GA 30019 Derek Monjure President 4045423888 2019-05-15 1 Ted R Batson Jr P00721951 6785185301 139.146.132.42 2019-05-15 13:56:08 ED P 49F1A104B7356211C74F5F0EBB19BF5D87CEA4A3 DFC357842FFE4B7DCEB1B0C22B45D069C995EA34 2017 2019-02-21 02:37:17Z Derek Monjure 3615 Braselton Hwy Ste 201 No 203 Dacula GA 30019 3022143 0 X www.aretescholars.org X 2013 LA To assist low-income students reach their highest potential through educational opportunity. 5 4 2 4 0 0 844712 3021090 0 0 340 1053 0 0 845052 3022143 1829857 2130400 0 0 118211 92913 0 0 37754 74873 41803 2022941 2265116 -1177889 757027 105509 880884 40469 58817 65040 822067 To help economically disadvantaged children discover and use their unique gifts and talents through educational opportunity. 0 0 2196385 2130400 Arete Scholars Louisiana, Inc. awarded 491 K4-12 Education scholarships, for a total of $2,130,400 during the 2017-2018 fiscal year. Scholarships were awarded solely to qualifying low-income students. The scholarships give parents, whose choices are otherwise limited, the opportunity to select the K4-12 private school that best meets their childrens needs. The scholarships pay up to $4,184 for K-8 and $4,708 for 9-12 for private school tuition and fees. 2196385 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 0 0 0 X Mike Townsend 4049650600 3615 Braselton Highway Suite 203 Dacula GA 30019 Gregory Beadles Board Chairman 1.00 1.00 X X 0 0 0 Chris Prince Vice Chairman 1.00 1.00 X X 0 0 0 Derek Monjure President 10.00 40.00 X X 0 119200 19684 Al Petrangeli Board Member 1.00 1.00 X 0 0 0 Terry Tucker Board Member 1.00 1.00 X 0 0 0 0 119200 19684 0 0 0 0 0 3021090 3021090 1053 1053 3022143 0 0 1053 2130400 2130400 79501 42732 7950 28819 7128 3831 713 2584 6284 3378 628 2278 17995 17995 3138 679 2001 458 9550 6198 1268 2084 4220 2267 422 1531 Testing 6900 6900 2265116 2196385 30977 37754 4980 194924 100529 685960 105509 880884 40469 58817 40469 58817 X -39421 -22029 104461 844096 65040 822067 105509 880884 757027 0 X X 0 1 X 1 0 X 316000 709086 1723059 844712 3021090 6613947 316000 709086 1723059 844712 3021090 6613947 3161949 3451998 97 247 277 340 1053 2014 6615961 X Schedule A, Part II, Columns (a) - (e): Per the instructions public support is measured using a 5-year computation period that includes the current and four prior tax years (including short years). The organization had a short year in 2013. The below chart clarifies the information represented in Schedule A, Part II: Column (a) - 1 month period ending 6/30/14 Column (b) - Fiscal year ending 6/30/15 Column (c) - Fiscal year ending 6/30/16 Column (d) - Fiscal year ending 6/30/17 Column (e) - Fiscal year ending 6/30/18 0 3022143 0 3022143 0 3022143 2265116 0 2265116 0 2265116 1 Scholarship 491 2130400 Part I, Line 2: Arete Scholars Louisiana, Inc. offers a limited amount of scholarships to students based solely on financial need. Applicants are required to furnish information pertinent to the determination of parental income and the ability to meet tuition requirements. Each application is considered on an individual basis and applications are reviewed annually. Awards are made to each student and the checks are made payable to the school and the parent. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the Board of Directors. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The Board and officers sign conflict of interest statements. The Board Vice Chairman is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Lines 15a and 15b - The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 Arete Scholars Louisiana makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Page 12, Part XII, Line 2c: The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Arete Scholars Fund Inc PO Box 744 Dacula GA 30019 272494520 Assist low-income students reach their highest potential through education. GA 501(c)(3) Line 10 None 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Arete Scholars Fund Inc E