2017-05-15T13:12:28-05:00 2016-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2015-07-01 272494520 Arete Scholars Fund Inc ARET 4046972649 3615 Braselton Highway No 201 Dacula GA 30019 Derek Monjure Executive Director 4046972649 2017-05-15 1 Daren Daiga P01074795 6785185301 2015 2021-01-29 14:40:06Z X Derek Monjure 3615 Braselton Highway No 201 Dacula GA 30019 4973074 0 X www.aretescholars.org X 2010 GA To assist low-income students reach their highest potential through educational opportunity. 5 4 3 4 0 0 3497113 4969050 0 0 1868 2168 0 -27252 3498981 4943966 1171622 1769126 0 0 320176 350301 0 0 110662 193620 199994 1685418 2319421 1813563 2624545 3704685 6349891 950 21611 3703735 6328280 To help economically disadvantaged children discover and use their unique gifts and talents through educational opportunity. 0 0 2067311 1769126 Arete Scholars Fund, Inc. awarded 740 K4-12 Education scholarships during the 2015-2016 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 $3,500 for private school tuition and fees. 2067311 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 3 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 1 0 0 GA X Mike Townsend 4045423888 3615 Braselton Suite 203 Dacula GA 30019 Gregory Beadles Board Chairman/President 1.00 1.00 X X 0 0 0 Chris Prince Vice President 1.00 1.00 X X 0 0 0 Derek Monjure President/Exec. Director 40.00 10.00 X X 127900 0 17464 Al Petrangeli Treasurer 1.00 1.00 X X 0 0 0 Terry Tucker Secretary 1.00 1.00 X X 0 0 0 127900 0 17464 1 0 0 0 0 42500 4926550 4969050 2168 2168 1856 42500 29108 -27252 -27252 4943966 0 0 -25084 32873 32873 1736253 1736253 182096 78301 49166 54629 120892 99908 1220 19764 25661 18746 1872 5043 21652 12976 3443 5233 39994 584 39174 236 18000 18000 600 600 56274 23457 23357 9460 24641 12891 8812 2938 5550 3326 883 1341 16287 9760 2590 3937 31491 18873 5007 7611 5015 5015 Professional Developmen 1944 1165 309 470 Researching and testing 198 198 2319421 2067311 141448 110662 8609 22414 3693584 6274124 1042 52153 1450 1200 3704685 6349891 950 21611 950 21611 X 457127 286327 3246608 6041953 3703735 6328280 3704685 6349891 2624545 0 X X 0 1 X 1 0 X 5802957 6271527 3317945 3497113 4969050 23858592 5802957 6271527 3317945 3497113 4969050 23858592 0 0 0 23858592 6179 3000 2440 1868 2168 15655 6179 3000 2440 1868 2168 15655 29 1856 1885 5809136 6274556 3320385 3498981 4973074 23876132 0.99930 0.00070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18000 18000 2330529 2348529 267426 66857 0 0 24000 348604 234271 267426 874301 1311452 24000 24000 18000 66000 87151 58568 66857 212576 318864 0 X 4973074 29108 29108 4943966 0 4943966 2348529 29108 29108 2319421 0 2319421 Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2016, Arete had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Arete files information tax returns in the U.S. and the state of Georgia. Arete is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for the years before 2013. Part XI, Line 2d - Other Adjustments: Fundraising event expense 29,108. Part XII, Line 2d - Other Adjustments: Fundraising event expense 29,108. Concert 44356 42500 1856 2774 17700 8634 44356 42500 1856 2774 17700 8634 29108 -27252 1 Arete Scholars Louisiana Inc 3615 Braselton Highway Suite 203 Dacula GA 30019 611709239 501(c)(3) 13823 FMV Fund scholarship tax credit in Louisiana The Ambrose School 6100 N Locust Grove Road Meridian ID 83646 820483624 501(c)(3) 6000 FMV Heroes Awards 2 0 Scholarships 740 1736253 Part I, Line 2: Procedures for Monitoring Grants in the US: Arete Scholars Fund, 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 11 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 reviewed by the organization's board of directors prior to filing. Form 990, Part VI, Section B, line 12c The Board and officers sign conflict of interest statements. These statements are reviewed by the Executive Director. 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 15a Line 15a) The independent Board discusses and reviews compensation. Annual comparisons are made to industry standards before approving salaries for the Executive Director. The decisions and deliberations are contemporaneously documented. Line 15b) The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 Arete Scholars Fund makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are available on the organization's website. Form 990, Page 12, Part XII, Line 2C - Explanation of Responsibility: 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 Louisiana Inc 655 St Ferdinand Street Baton Rouge LA 70802 611709239 Assist low-income students reach their highest potential through education. LA 501(c)(3) Line 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 Arete Scholars Louisiana Inc B Arete Scholars Louisiana Inc L Arete Scholars Louisiana Inc Q