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South Central Scholars Foundation: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
South Central Scholars Foundation (EIN 20-2820261)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-10-20
IRS object ID
201632949349300733
Schema version
2015v2.1
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)
Return2016-10-20T13:39:51-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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)
PersonJAMES T LONDON MDPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone3108331670PhoneNum
Signature2016-10-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLewis Finkelstein CPAPreparerPersonNm
PTINP00132333PTIN
Phone5624953325PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerJOEY SHANAHANPrincipalOfficerNm

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$2,000,702GrossReceiptsAmt
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 Body25VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee13TotalEmployeeCnt
Total Volunteers200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,757,699PYContributionsGrantsAmt
CY Contributions Grants$1,990,988CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$27,316PYInvestmentIncomeAmt
CY Investment Income$9,714CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,785,015PYTotalRevenueAmt
CY Total Revenue$2,000,702CYTotalRevenueAmt
PY Grants And Similar Paid$656,892PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$773,956CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$381,275PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$519,459CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$128,216CYTotalFundraisingExpenseAmt
PY Other Expenses$562,238PYOtherExpensesAmt
CY Other Expenses$636,020CYOtherExpensesAmt
PY Total Expenses$1,600,405PYTotalExpensesAmt
CY Total Expenses$1,929,435CYTotalExpensesAmt
PY Revenues Less Expenses$184,610PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$71,267CYRevenuesLessExpensesAmt
Total Assets BOY$1,654,203TotalAssetsBOYAmt
Total Assets EOY$1,722,973TotalAssetsEOYAmt
Total Liabilities BOY$20,700TotalLiabilitiesBOYAmt
Total Liabilities EOY$26,924TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,633,503NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,696,049NetAssetsOrFundBalancesEOYAmt
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$1,660,430ExpenseAmt
Grant$773,956GrantAmt
DescTHE ORGANIZATION PROVIDES COLLEGE ACCESS AND SUCCESS SUPPORTTO LOW-INCOME STUDENTS FROM INNER CITY COMMUNITIES IN LOSANGELES. PROGRAMS INCLUDE COLLEGE OUTREACH, SCHOLARSHIPS,MENTORING, JOB AND INTERNSHIP PLACEMENT, AND PROFESSIONAL/ACADEMICDEVELOPMENTS WORKSHOPS AND SEMINARS.THE ORGANIZATION'S SCHOLARSHIPS ARE INTENDED TO CLOSE SHORTFALLSBETWEEN THE AMOUNT OF MONEY OFFERED IN THE FINANCIAL PACKAGE FROMA UNIVERSITY (GRANTS, LOANS, AND WORK STUDY) AND THE ACTUAL COSTOF A STUDENT'S COLLEGE EDUCATION. IN SOME CASES, THESE SHORTFALLSWOULD PREVENT STUDENTS FROM ATTENDING COLLEGE ALTOGETHER.SCHOLARSHIPS RANGE BETWEEN $1,000 TO $3,000 PER SCHOLAR, AND ARERENEWABLE 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$1,660,430TotalProgramServiceExpensesAmt
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 Document29IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee13EmployeeCnt
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
DAF Excess Business Holdings0DAFExcessBusinessHoldingsInd
Taxable Distributions0TaxableDistributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members25GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
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 Line1JOEY SHANAHANBusinessNameLine1Txt
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 (26 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
WILLIAM O MCCLURE
BOARD MEMBER2.00Yes (X)$0$0$0
JEFF WEISS
BOARD MEMBER2.00Yes (X)$0$0$0
ROB VICKERY
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
ALEXANDER RUBALCAVA
BOARD MEMBER2.00Yes (X)$0$0$0
DOUG WOODRUFF
BOARD MEMBER2.00Yes (X)$0$0$0
CASSANDRA ROY
BOARD MEMBER2.00Yes (X)$0$0$0
ZELDA HARRISON
BOARD MEMBER2.00Yes (X)$0$0$0
BRIAN MASSEY
CHAIRMAN10.00Yes (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
GAYLE HOLCOMB
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 FUNARI
BOARD MEMBER2.00Yes (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
SCOTT ROMBACH
BOARD MEMBER2.00Yes (X)$0$0$0
JOEY SHANAHAN
EXECUTIVE DIRECTOR40.00Yes (X)$132,000$0$9,432
FieldValueIRS element (for citing)
Total Reportable Comp From Org$132,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$9,432TotalOtherCompensationAmt
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$1,990,988AllOtherContributionsAmt
Total Contributions$1,990,988TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,018TotalRevenueColumnAmt
Exclusion$1,018ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,696TotalRevenueColumnAmt
Exclusion$8,696ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,000,702TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$9,714ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$773,956TotalAmt
Program Services$773,956ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$132,000TotalAmt
Program Services$91,080ProgramServicesAmt
Management And General$19,800ManagementAndGeneralAmt
Fundraising$21,120FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$359,924TotalAmt
Program Services$249,193ProgramServicesAmt
Management And General$54,297ManagementAndGeneralAmt
Fundraising$56,434FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$27,535TotalAmt
Program Services$18,321ProgramServicesAmt
Management And General$5,038ManagementAndGeneralAmt
Fundraising$4,176FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$18,284TotalAmt
Management And General$18,284ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$35,774TotalAmt
Management And General$3,909ManagementAndGeneralAmt
Fundraising$31,865FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$26,027TotalAmt
Program Services$13,014ProgramServicesAmt
Management And General$9,109ManagementAndGeneralAmt
Fundraising$3,904FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$39,907TotalAmt
Program Services$23,944ProgramServicesAmt
Management And General$9,977ManagementAndGeneralAmt
Fundraising$5,986FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$15,003TotalAmt
Program Services$15,003ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$719TotalAmt
Management And General$719ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$40,057TotalAmt
Program Services$24,224ProgramServicesAmt
Management And General$14,338ManagementAndGeneralAmt
Fundraising$1,495FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
STUDENT CONFERENCES$438,686$438,686
DATABASE MAINTENANCE$20,474$12,284$5,119$3,071
OTHER FEES$1,089$725$199$165

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,929,435TotalAmt
Program Services$1,660,430ProgramServicesAmt
Management And General$140,789ManagementAndGeneralAmt
Fundraising$128,216FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,061,633BOYAmt
EOY$902,548EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$45,729BOYAmt
EOY$51,899EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,500BOYAmt
EOY$126,170EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,381BOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$13,493LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$10,236LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$813BOYAmt
EOY$3,257EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$525,183BOYAmt
EOY$636,135EOYAmt

Other Assets Total OtherAssetsTotalGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,654,203BOYAmt
EOY$1,722,973EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$20,700BOYAmt
EOY$26,924EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$20,700BOYAmt
EOY$26,924EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,433,503BOYAmt
EOY$1,169,174EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$200,000BOYAmt
EOY$526,875EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,633,503BOYAmt
EOY$1,696,049EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,654,203BOYAmt
EOY$1,722,973EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$71,267ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$8,721NetUnrlzdGainsLossesInvstAmt
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)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
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$938,668CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,268,075CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,436,037CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,757,699CurrentTaxYearMinus1YearAmt
Current Tax Year$1,990,988CurrentTaxYearAmt
Total$7,391,467TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$938,668CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,268,075CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,436,037CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,757,699CurrentTaxYearMinus1YearAmt
Current Tax Year$1,990,988CurrentTaxYearAmt
Total$7,391,467TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,828,588SubstantialContributorsTotAmt
Public Support Total170$4,562,879PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,744CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,077CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,712CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,535CurrentTaxYearMinus1YearAmt
Current Tax Year$9,714CurrentTaxYearAmt
Total$74,782TotalAmt
FieldValueIRS element (for citing)
Total Support$7,466,249TotalSupportAmt
Public Support CY1700.61110PublicSupportCY170Pct
Public Support PY1700.58790PublicSupportPY170Pct
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

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$13,493OtherCostOrOtherBasisAmt
Depreciation$10,236DepreciationAmt
Book Value$3,257BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,257TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,001,119TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$8,721NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$9,138DonatedServicesAndUseFcltsAmt
Revenue Not Reported$417RevenueNotReportedAmt
Revenue Subtotal$2,000,702RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,000,702TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,938,573TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$9,138DonatedServicesUseFcltsAmt
Expenses Not Reported$9,138ExpensesNotReportedAmt
Expenses Subtotal$1,929,435ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,929,435TotalExpensesPerForm990Amt

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, 2015 and 2014 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

Recipient Table RecipientTable

FieldValueIRS element (for citing)
Purpose Of GrantTUITION EXPENSEPurposeOfGrantTxt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIP PROGRAMGrantTypeTxt
Recipient500RecipientCnt
Cash Grant$773,956CashGrantAmt
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 11THE 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.

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