BETA

South Central Scholars Foundation: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
South Central Scholars Foundation (EIN 20-2820261)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-15
IRS object ID
201713199349318806
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

FieldValueIRS element (for citing)
Return2017-11-15T19:25:03-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN954091474PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROSSI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1400 Oceangate Suite 1000AddressLine1Txt
CityLong BeachCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90802ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN202820261EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1South Central Scholars FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSOUTBusinessNameControlTxt
Phone3108331670PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11414 S Grand Ave Suite 410AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90015ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOEY SHANAHANPersonNm
Person TitleBoard ChairPersonTitleTxt
Phone3108331670PhoneNum
Signature2017-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLewis Finkelstein CPAPreparerPersonNm
PTINP00132333PTIN
Phone5624953325PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address108.47.112.27IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-09IPDt
IP Tm14:42:17IPTm
IP TimezonePSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id9F6307C53838E7E8CB61663EBC1F1B1789DE0875AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJames LondonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11414 S Grand Ave Suite 410AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90015ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,075,767GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SOUTHCENTRALSCHOLARS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2005FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionSEE PAGE II, PART III, LINE IActivityOrMissionDesc
Voting Members Governing Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee12TotalEmployeeCnt
Total Volunteers250TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,990,988PYContributionsGrantsAmt
CY Contributions Grants$2,066,785CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$9,714PYInvestmentIncomeAmt
CY Investment Income$8,982CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,000,702PYTotalRevenueAmt
CY Total Revenue$2,075,767CYTotalRevenueAmt
PY Grants And Similar Paid$773,956PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$819,689CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$519,459PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$637,080CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$69,389CYTotalFundraisingExpenseAmt
PY Other Expenses$636,020PYOtherExpensesAmt
CY Other Expenses$638,619CYOtherExpensesAmt
PY Total Expenses$1,929,435PYTotalExpensesAmt
CY Total Expenses$2,095,388CYTotalExpensesAmt
PY Revenues Less Expenses$71,267PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$19,621CYRevenuesLessExpensesAmt
Total Assets BOY$1,722,973TotalAssetsBOYAmt
Total Assets EOY$1,713,576TotalAssetsEOYAmt
Total Liabilities BOY$26,924TotalLiabilitiesBOYAmt
Total Liabilities EOY$36,670TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,696,049NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,676,906NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe mission of South Central Scholars is to help highly motivated, underserved students break the cycle of marginalization and reach success in college, career, and beyond.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,799,362ExpenseAmt
Grant$819,689GrantAmt
DescTHE ORGANIZATION PROVIDES COLLEGE ACCESS AND SUCCESS SUPPORT TO LOW-INCOME STUDENTS FROM INNER CITY COMMUNITIES IN LOS ANGELES. PROGRAMS INCLUDE COLLEGE OUTREACH, SCHOLARSHIPS,MENTORING, JOB AND INTERNSHIP PLACEMENT, AND PROFESSIONAL/ACADEMIC DEVELOPMENTS WORKSHOPS AND SEMINARS. THE ORGANIZATION'S SCHOLARSHIPS ARE INTENDED TO CLOSE SHORTFALLS BETWEEN THE AMOUNT OF MONEY OFFERED IN THE FINANCIAL PACKAGE FROM A UNIVERSITY (GRANTS, LOANS, AND WORK STUDY) AND THE ACTUAL COST OF A STUDENT'S COLLEGE EDUCATION. IN SOME CASES, THESE SHORTFALLS WOULD PREVENT STUDENTS FROM ATTENDING COLLEGE ALTOGETHER. SCHOLARSHIPS RANGE BETWEEN $1,000 TO $3,000 PER SCHOLAR, AND ARE RENEWABLE FOR UP TO 6 YEARS. SCS HAS AN ADDITIONAL BUDGET FOR STIPENDS TO STUDENTS TO PARTICIPATE FOR THE FOLLOWING USES: AIRFARE AND TRAVEL EXPENSES, INTERNSHIP STIPENDS, STUDY ABROAD STIPENDS,AND GRADUATE SCHOOL PREPARATION CLASSES AND TEST FEES (MCAT, LSAT, GRE, ETC.).Desc
Total Program Service Expenses$1,799,362TotalProgramServiceExpensesAmt
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 Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
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 Document45IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee12EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
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 Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
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 PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Christina PiranioBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3108331670PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11414 S GRAND AVE SUITE 410AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90015ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JAMES T LONDON MD
BOARD MEMBER10.00Yes (X)Yes (X)$0$0$0
PAUL BLAVIN
BOARD MEMBER2.00Yes (X)$0$0$0
JEFF WEISS
BOARD MEMBER2.00Yes (X)$0$0$0
JASON REDNOUR
BOARD MEMBER2.00Yes (X)$0$0$0
PHYLLIS MONROE
BOARD MEMBER2.00Yes (X)$0$0$0
KARI VAN GUNDY
BOARD MEMBER2.00Yes (X)$0$0$0
MICHAEL QUICK
BOARD MEMBER2.00Yes (X)$0$0$0
R DOUGLAS WOODRUFF
BOARD MEMBER2.00Yes (X)$0$0$0
BRIAN MASSEY
PRESIDENT10.00Yes (X)Yes (X)$0$0$0
STUART LINER
BOARD MEMBER2.00Yes (X)$0$0$0
SAMUEL GARRISON
BOARD MEMBER2.00Yes (X)$0$0$0
RAMSEY JAY JR
BOARD MEMBER2.00Yes (X)$0$0$0
JOAN HERMAN
BOARD MEMBER2.00Yes (X)$0$0$0
BRIAN DEPERSIA
BOARD MEMBER2.00Yes (X)$0$0$0
ROBERT G FUNARI
CHAIRMAN2.00Yes (X)$0$0$0
PATRICIA LONDON
BOARD MEMBER10.00Yes (X)$0$0$0
MASAI MINTERS
BOARD MEMBER2.00Yes (X)$0$0$0
RICK HESS
BOARD MEMBER2.00Yes (X)$0$0$0
TIMOTHY M TEAGLE
BOARD MEMBER2.00Yes (X)$0$0$0
PETER SCHLESSEL
BOARD MEMBER2.00Yes (X)$0$0$0
RORY WILFORK
BOARD MEMBER2.00Yes (X)$0$0$0
JOEY SHANAHAN
EXECUTIVE DIRECTOR40.00Yes (X)$135,000$0$0
CHRISTINA PIRANIO
DIRECTOR OF PROGRAMS40.00Yes (X)$72,822$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$207,822TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,066,785AllOtherContributionsAmt
Total Contributions$2,066,785TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,982TotalRevenueColumnAmt
Exclusion$8,982ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,075,767TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$8,982ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$819,689TotalAmt
Program Services$819,689ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$208,751TotalAmt
Program Services$147,097ProgramServicesAmt
Management And General$34,468ManagementAndGeneralAmt
Fundraising$27,186FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$383,179TotalAmt
Program Services$272,248ProgramServicesAmt
Management And General$102,063ManagementAndGeneralAmt
Fundraising$8,868FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$45,150TotalAmt
Program Services$31,986ProgramServicesAmt
Management And General$10,414ManagementAndGeneralAmt
Fundraising$2,750FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$26,865TotalAmt
Management And General$26,865ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$19,026TotalAmt
Management And General$6,751ManagementAndGeneralAmt
Fundraising$12,275FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$35,768TotalAmt
Program Services$17,884ProgramServicesAmt
Management And General$12,519ManagementAndGeneralAmt
Fundraising$5,365FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$60,235TotalAmt
Program Services$36,141ProgramServicesAmt
Management And General$15,059ManagementAndGeneralAmt
Fundraising$9,035FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$9,074TotalAmt
Program Services$9,074ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,961TotalAmt
Management And General$2,961ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$45,349TotalAmt
Program Services$31,999ProgramServicesAmt
Management And General$11,255ManagementAndGeneralAmt
Fundraising$2,095FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
STUDENT CONFERENCES$425,986$425,986
DATABASE MAINTENANCE$12,097$7,258$3,024$1,815
TAXES, LICENSES AND PER$1,258$1,258

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,095,388TotalAmt
Program Services$1,799,362ProgramServicesAmt
Management And General$226,637ManagementAndGeneralAmt
Fundraising$69,389FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$902,548BOYAmt
EOY$1,272,328EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$51,899BOYAmt
EOY$19,751EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$126,170BOYAmt
EOY$37,423EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$30,318LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$13,198LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,257BOYAmt
EOY$17,120EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$636,135BOYAmt
EOY$361,658EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,964BOYAmt
EOY$5,296EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,722,973BOYAmt
EOY$1,713,576EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$26,924BOYAmt
EOY$36,670EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$26,924BOYAmt
EOY$36,670EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,169,174BOYAmt
EOY$1,242,506EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$526,875BOYAmt
EOY$434,400EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,696,049BOYAmt
EOY$1,676,906EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,722,973BOYAmt
EOY$1,713,576EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$19,621ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$478NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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 Committee0AuditCommitteeInd
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$1,268,075CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,436,037CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,757,699CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,990,988CurrentTaxYearMinus1YearAmt
Current Tax Year$2,066,785CurrentTaxYearAmt
Total$8,519,584TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,268,075CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,436,037CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,757,699CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,990,988CurrentTaxYearMinus1YearAmt
Current Tax Year$2,066,785CurrentTaxYearAmt
Total$8,519,584TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,006,770SubstantialContributorsTotAmt
Public Support Total170$5,512,814PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,077CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23,712CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,535CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,714CurrentTaxYearMinus1YearAmt
Current Tax Year$8,982CurrentTaxYearAmt
Total$71,020TotalAmt
FieldValueIRS element (for citing)
Total Support$8,590,604TotalSupportAmt
Public Support CY1700.64170PublicSupportCY170Pct
Public Support PY1700.61110PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$13,645OtherCostOrOtherBasisAmt
Depreciation$1,366DepreciationAmt
Book Value$12,279BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$16,673OtherCostOrOtherBasisAmt
Depreciation$11,832DepreciationAmt
Book Value$4,841BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$17,120TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,081,578TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$478NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$5,333DonatedServicesAndUseFcltsAmt
Revenue Not Reported$5,811RevenueNotReportedAmt
Revenue Subtotal$2,075,767RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,075,767TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,100,721TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$5,333DonatedServicesUseFcltsAmt
Expenses Not Reported$5,333ExpensesNotReportedAmt
Expenses Subtotal$2,095,388ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,095,388TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationThe Organization is a not-for-profit organization that is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is also exempt from State of California franchise taxes under Section 23701(d) of the California Revenue and Taxation Code, whereby only unrelated business income, as defined by Section 509(a)(1) of the Internal Revenue Code, is subject to federal income tax. The Organization does not believe that during the years ended December 31, 2016 and 2015 that it had unrelated business income and accordingly, no provision for income taxes has been recorded in the accompanying financial statements. The Organization follows the provisions of FASB ASC 740, Income Taxes and related subsections. Accordingly, the Organization accounts for uncertain tax positions by recording a liability for unrecognized tax benefits resulting from uncertain tax positions taken, or expected to be taken, in its tax returns. The Organization recognizes the effect of income tax positions only if those positions are more likely than not of being sustained by the appropriate taxing authorities. The Organization does not believe that its financial statements include any uncertain tax positions and accordingly, has not recognized any liability for unrecognized tax benefits in the accompanying financial statements.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIP PROGRAMGrantTypeTxt
Recipient577RecipientCnt
Cash Grant$819,689CashGrantAmt
Valuation Method UsedFMVValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 2:SCHEDULE I, PART 1, LINE 2
SCHEDULE I, PART I, LINE 2SCHOLARS SUBMIT THEIR FINANCIAL AID AWARD LETTERS AND ANY OTHER EXTERNAL SCHOLARSHIPS TO THE ORGANIZATION, WHICH THE ORGNIZATION USES TO CALCULATE STUDENTS FINANCIAL NEED. SCHOLARS SIGN A CONTRACT THAT TELLS THEM WHAT THEY CAN USE THEIR SCHOLARSHIP FOR.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2JAMES AND PATRICIA LONDON ARE MARRIED AND ARE BOTH ON THE BOARD OF DIRECTORS. DAVID AND EVELYN HOU ARE MARRIED AND ARE BOTH ON THE ADVISORY BOARD.
Form 990, Part VI, Section B, line 11bTHE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
Form 990, Part VI, Section B, line 12cThe governing board of directors reviews compliance annually.
Form 990, Part VI, Section B, line 15A THOROUGH REVIEW OF COMPARABLE SALARY INFORMATION (NONPROFIT SALARY SURVEYS, ONLINE DATA, INDEPENDENT CONSULTANT, EMPLOYMENT JOB BOARDS, ETC. ) IS MADE BY THE EXECUTIVE COMMITTEE PRIOR TO SETTING A COMPENSATION RANGE FOR EACH POSITION.
Form 990, Part VI, Section C, line 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.