GREENWICH SCHOLARSHIP ASSOCIATION INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
GREENWICH SCHOLARSHIP ASSOCIATION INC (EIN 06-1467698)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-05-15
IRS object ID
201731359349303968
Schema version
2015v3.0
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)
Return2017-05-15T11:14:23-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN061325235PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Dylewsky Goldberg & Brenner LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line130 Oak StreetAddressLine1Txt
CityStamfordCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06905ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

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
Signature2017-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSusan L NevillePreparerPersonNm
PTINP00093422PTIN
Phone2039758830PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

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$829,626GrossReceiptsAmt
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 Body24VotingMembersGoverningBodyCnt
Voting Members Independent24VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$791,321PYContributionsGrantsAmt
CY Contributions Grants$529,235CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$64,619PYInvestmentIncomeAmt
CY Investment Income$86,951CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$855,940PYTotalRevenueAmt
CY Total Revenue$616,186CYTotalRevenueAmt
PY Grants And Similar Paid$540,233PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$583,232CYGrantsAndSimilarPaidAmt
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$17,358PYOtherExpensesAmt
CY Other Expenses$10,132CYOtherExpensesAmt
PY Total Expenses$557,591PYTotalExpensesAmt
CY Total Expenses$593,364CYTotalExpensesAmt
PY Revenues Less Expenses$298,349PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$22,822CYRevenuesLessExpensesAmt
Total Assets BOY$1,679,408TotalAssetsBOYAmt
Total Assets EOY$1,648,026TotalAssetsEOYAmt
Total Liabilities BOY$569,538TotalLiabilitiesBOYAmt
Total Liabilities EOY$620,152TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,109,870NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,027,874NetAssetsOrFundBalancesEOYAmt
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$583,232ExpenseAmt
Grant$583,232GrantAmt
DescGreenwich Scholarship Association provides financial assistance from its own funds and various sponsors to 114 high school seniors in Greenwich schools for the students' higher education.Desc
Total Program Service Expenses$583,232TotalProgramServiceExpensesAmt
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 SecYes (1)ReportInvestmentsOtherSecInd
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
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members24GoverningBodyVotingMembersCnt
Independent Voting Member24IndependentVotingMemberCnt
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)
Phone2039758830PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line130 Oak StreetAddressLine1Txt
CityStamfordCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06905ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Marie Hertzig
President1.00Yes (X)Yes (X)$0$0$0
Catherine Holden
VP Applications1.00Yes (X)Yes (X)$0$0$0
Juliet Schnur
VP Students1.00Yes (X)Yes (X)$0$0$0
Linda J Miller
VP Sponsors1.00Yes (X)Yes (X)$0$0$0
Leslie Alfano
VP Interviews1.00Yes (X)Yes (X)$0$0$0
Judy Chapman
VP Events1.00Yes (X)Yes (X)$0$0$0
Allan Jay
Treasurer1.00Yes (X)Yes (X)$0$0$0
William Dylewsky
Treasurer1.00Yes (X)Yes (X)$0$0$0
Jennifer D Port
Legal Counsel1.00Yes (X)$0$0$0
Rod Saggese
Secretary1.00Yes (X)Yes (X)$0$0$0
Carol Ann Coughlin
At-Large Director1.00Yes (X)$0$0$0
Terri Haidinger
Bookeeper1.00Yes (X)Yes (X)$0$0$0
Kerri Ann Hofer
At-Large Director1.00Yes (X)$0$0$0
Diane Keleher
Secretary1.00Yes (X)Yes (X)$0$0$0
Cindy Lindemeyer
At-Large Director1.00Yes (X)$0$0$0
Jennifer Lynch
GHS Liaison1.00Yes (X)$0$0$0
Judith Nedell
GHS Guidance Director1.00Yes (X)$0$0$0
Debra Olesen
At-Large Director1.00Yes (X)$0$0$0
Margaret Santhanam
At-Large Director1.00Yes (X)$0$0$0
Adrianne Singer
At-Large Director1.00Yes (X)$0$0$0
Blakely Stinebaugh
At-Large Director1.00Yes (X)$0$0$0
Geoffrey Thaw
At-Large Director1.00Yes (X)$0$0$0
Linna Yee
At-Large Director1.00Yes (X)$0$0$0
Elizabeth Zaccherio
At-Large Director1.00Yes (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$529,235AllOtherContributionsAmt
Total Contributions$529,235TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$23,758TotalRevenueColumnAmt
Exclusion$23,758ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$226,036SecuritiesAmt
Other$50,597OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$213,440SecuritiesAmt
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$12,596SecuritiesAmt
Other$50,597OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$63,193TotalRevenueColumnAmt
Exclusion$63,193ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$616,186TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$86,951ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$583,232TotalAmt
Program Services$583,232ProgramServicesAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescAdministrative expensesDesc
Total$10,132TotalAmt
Management And General$10,132ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$593,364TotalAmt
Program Services$583,232ProgramServicesAmt
Management And General$10,132ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$506,790BOYAmt
EOY$434,674EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$504,728BOYAmt
EOY$577,775EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$666,790BOYAmt
EOY$575,876EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,100BOYAmt
EOY$59,701EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,679,408BOYAmt
EOY$1,648,026EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,719BOYAmt
EOY$846EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$567,819BOYAmt
EOY$619,306EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$569,538BOYAmt
EOY$620,152EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$189,052BOYAmt
EOY$164,072EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$766,277BOYAmt
EOY$725,137EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$154,541BOYAmt
EOY$138,665EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,109,870BOYAmt
EOY$1,027,874EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,679,408BOYAmt
EOY$1,648,026EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$22,822ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$99,599NetUnrlzdGainsLossesInvstAmt
Investment Expense-$5,219InvestmentExpenseAmt
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$523,444CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$577,549CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$544,842CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$791,321CurrentTaxYearMinus1YearAmt
Current Tax Year$529,235CurrentTaxYearAmt
Total$2,966,391TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$523,444CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$577,549CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$544,842CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$791,321CurrentTaxYearMinus1YearAmt
Current Tax Year$529,235CurrentTaxYearAmt
Total$2,966,391TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$153,213SubstantialContributorsTotAmt
Public Support Total170$2,813,178PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$25,109CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$48,678CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$44,991CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$64,619CurrentTaxYearMinus1YearAmt
Current Tax Year$86,951CurrentTaxYearAmt
Total$270,348TotalAmt
FieldValueIRS element (for citing)
Total Support$3,236,739TotalSupportAmt
Public Support CY1700.86910PublicSupportCY170Pct
Public Support PY1700.89450PublicSupportPY170Pct
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

CY Endwmt Fund CYEndwmtFundGrp

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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$606,359BeginningYearBalanceAmt
Contributions$577,549ContributionsAmt
Investment Earnings Or Losses$48,562InvestmentEarningsOrLossesAmt
Other Expenditures$460,264OtherExpendituresAmt
Administrative Expenses$12,454AdministrativeExpensesAmt
End Year Balance$759,752EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$575,424BeginningYearBalanceAmt
Contributions$523,444ContributionsAmt
Investment Earnings Or Losses$2,876InvestmentEarningsOrLossesAmt
Other Expenditures$483,824OtherExpendituresAmt
Administrative Expenses$11,561AdministrativeExpensesAmt
End Year Balance$606,359EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.15960BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.13490PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.70550TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescStocksDesc
Book Value$575,876BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$575,876TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Scholarships payable$564,431
Deferred scholarships payable$54,875
FieldValueIRS element (for citing)
Total Liability$619,306TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$511,368TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$99,599NetUnrealizedGainsInvstAmt
Revenue Not Reported-$99,599RevenueNotReportedAmt
Revenue Subtotal$610,967RevenueSubtotalAmt
Investment Expenses Not Incld$5,219InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$5,219RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$616,186TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$593,364TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$593,364ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$593,364TotalExpensesPerForm990Amt

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, 2016, 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 2013.

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
Recipient114RecipientCnt
Cash Grant$583,232CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11The 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 12cEach board member signs a conflict of interest statement annually.
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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