GREENWICH SCHOLARSHIP ASSOCIATION INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- GREENWICH SCHOLARSHIP ASSOCIATION INC (EIN 06-1467698)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-15
- IRS object ID
- 201821359349306352
- Schema version
- 2016v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-15T12:27:52-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 113518842 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Marks Paneth LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Oak Street | AddressLine1Txt |
| City | Stamford | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06905 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061467698 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Greenwich Scholarship Association Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GREE | BusinessNameControlTxt |
| Phone | 2039758830 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 4627 | AddressLine1Txt |
| City | Greenwich | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06831 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William Dylewsky | PersonNm |
| Person Title | Treasurer | PersonTitleTxt |
| Phone | 2036619799 | PhoneNum |
| Signature | 2018-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Dannell Lyne | PreparerPersonNm |
| PTIN | P00436718 | PTIN |
| Phone | 2039758830 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | William Dylewsky | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 4627 | AddressLine1Txt |
| City | Greenwich | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06831 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $725,378 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.greenwichscholarship.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1972 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | To 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 Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 24 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $529,235 | PYContributionsGrantsAmt |
| CY Contributions Grants | $534,057 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $86,951 | PYInvestmentIncomeAmt |
| CY Investment Income | $32,253 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $616,186 | PYTotalRevenueAmt |
| CY Total Revenue | $566,310 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $583,232 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $499,605 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,132 | PYOtherExpensesAmt |
| CY Other Expenses | $17,632 | CYOtherExpensesAmt |
| PY Total Expenses | $593,364 | PYTotalExpensesAmt |
| CY Total Expenses | $517,237 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $22,822 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $49,073 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,648,026 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,710,188 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $620,152 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $543,192 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,027,874 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,166,996 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To 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 Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $499,605 | ExpenseAmt |
| Grant | $499,605 | GrantAmt |
| Desc | Greenwich Scholarship Association provides financial assistance from its own funds and various sponsors to 127 high school seniors in Greenwich schools for the students' higher education. | Desc |
| Total Program Service Expenses | $499,605 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | William A Dylewsky CPA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2039758830 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 Oak Street | AddressLine1Txt |
| City | Stamford | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06905 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Marie Hertzig | ||||||
| President | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Catherine Holden | ||||||
| VP Coordinating | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Juliet Schnur | ||||||
| VP Students | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Linda J Miller | ||||||
| VP Sponsors | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Blakely Stinebaugh | ||||||
| VP Applications | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Leslie Alfano | ||||||
| VP Interviews | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Judy Chapman | ||||||
| VP Events | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Allan Jay | ||||||
| Treasurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| William Dylewsky | ||||||
| Treasurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Jennifer D Port | ||||||
| Legal Counsel | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Rod Saggese | ||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Sareeta Bjerke | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Megan Bodeur | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Carol Ann Coughlin | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Leslie Dobryn | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Terry Haidinger | ||||||
| Bookeeper | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Kerri Ann Hofer | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Debra Olesen | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Margaret Santhanam | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Adrianne Singer | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Geoffrey Thaw | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Linna Yee | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Elizabeth Zaccherio | ||||||
| At-Large Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Jennifer Lynch | ||||||
| GHS Liaison | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $534,057 | AllOtherContributionsAmt |
| Total Contributions | $534,057 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,261 | TotalRevenueColumnAmt |
| Exclusion | $26,261 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $165,060 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $159,068 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,992 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,992 | TotalRevenueColumnAmt |
| Exclusion | $5,992 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $566,310 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $32,253 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $499,605 | TotalAmt |
| Program Services | $499,605 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,558 | TotalAmt |
| Management And General | $5,558 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Administrative expenses | Desc |
| Total | $12,074 | TotalAmt |
| Management And General | $12,074 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $517,237 | TotalAmt |
| Program Services | $499,605 | ProgramServicesAmt |
| Management And General | $17,632 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $434,674 | BOYAmt |
| EOY | $459,393 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $577,775 | BOYAmt |
| EOY | $378,382 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $575,876 | BOYAmt |
| EOY | $823,313 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,701 | BOYAmt |
| EOY | $49,100 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,648,026 | BOYAmt |
| EOY | $1,710,188 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $846 | BOYAmt |
| EOY | $76 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $619,306 | BOYAmt |
| EOY | $543,116 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $620,152 | BOYAmt |
| EOY | $543,192 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $164,072 | BOYAmt |
| EOY | $248,143 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $725,137 | BOYAmt |
| EOY | $767,669 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $138,665 | BOYAmt |
| EOY | $151,184 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,027,874 | BOYAmt |
| EOY | $1,166,996 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,648,026 | BOYAmt |
| EOY | $1,710,188 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $49,073 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $90,049 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $577,549 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $544,842 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $791,321 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $529,235 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $534,057 | CurrentTaxYearAmt |
| Total | $2,977,004 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $577,549 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $544,842 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $791,321 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $529,235 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $534,057 | CurrentTaxYearAmt |
| Total | $2,977,004 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $196,948 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,780,056 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $48,678 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $44,991 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $64,619 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $86,951 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,253 | CurrentTaxYearAmt |
| Total | $277,492 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,254,496 | TotalSupportAmt |
| Public Support CY170 | 0.85420 | PublicSupportCY170Pct |
| Public Support PY170 | 0.86910 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,027,874 | BeginningYearBalanceAmt |
| Contributions | $534,057 | ContributionsAmt |
| Investment Earnings Or Losses | $121,773 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $511,679 | OtherExpendituresAmt |
| Administrative Expenses | $5,029 | AdministrativeExpensesAmt |
| End Year Balance | $1,166,996 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,109,870 | BeginningYearBalanceAmt |
| Contributions | $529,235 | ContributionsAmt |
| Investment Earnings Or Losses | -$17,867 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $583,232 | OtherExpendituresAmt |
| Administrative Expenses | $10,132 | AdministrativeExpensesAmt |
| End Year Balance | $1,027,874 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $871,325 | BeginningYearBalanceAmt |
| Contributions | $791,321 | ContributionsAmt |
| Investment Earnings Or Losses | $79 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $540,233 | OtherExpendituresAmt |
| Administrative Expenses | $12,622 | AdministrativeExpensesAmt |
| End Year Balance | $1,109,870 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $759,752 | BeginningYearBalanceAmt |
| Contributions | $544,533 | ContributionsAmt |
| Investment Earnings Or Losses | $88,543 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $509,779 | OtherExpendituresAmt |
| Administrative Expenses | $11,724 | AdministrativeExpensesAmt |
| End Year Balance | $871,325 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $606,359 | BeginningYearBalanceAmt |
| Contributions | $577,549 | ContributionsAmt |
| Investment Earnings Or Losses | $48,562 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $460,264 | OtherExpendituresAmt |
| Administrative Expenses | $12,454 | AdministrativeExpensesAmt |
| End Year Balance | $759,752 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.21260 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.12950 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.65790 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Stocks | Desc |
| Book Value | $823,313 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $823,313 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Scholarships payable | $508,474 |
| Deferred scholarships payable | $34,642 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $543,116 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $650,801 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $90,049 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $90,049 | RevenueNotReportedAmt |
| Revenue Subtotal | $560,752 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $5,558 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $5,558 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $566,310 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $511,679 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $511,679 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $5,558 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $5,558 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $517,237 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2017, 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 2014. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | College scholarships | GrantTypeTxt |
| Recipient | 127 | RecipientCnt |
| Cash Grant | $499,605 | CashGrantAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11b | The Form 990 will be 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 | Each board member signs a conflict of interest statement annually. |
| 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. |
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