2015-09-14T10:06:24-05:00 2014-12-31 611015031 KRING RAY FARLEY & RIDDLE PSC 444 EAST MAIN STREET STE 203 LEXINGTON KY 40507 990 2014-01-01 611393028 THE GOVERNOR'S SCHOLARS PROGRAM FOUNDATION INC GOVE 5025731630 1024 CAPITAL CENTER DRIVE NO 210 FRANKFORT KY 40601 HAROLD H SMITH PRESIDENT 5025731630 2015-08-04 1 KRING RAY FARLEY RIDDLE PSC P00067109 8592310541 2014 2016-02-25 16:41:14Z HAROLD H SMITH 1024 CAPITAL CENTER DRIVE NO 210 FRANKFORT KY 40601 668541 0 X HTTP://GSP.KY.GOV X 2001 KY TO PROVIDE FINANCIAL SUPPORT FOR THE GOVERNORS SCHOLARS PROGRAM, INC. 9 8 2 0 0 0 530022 479631 62420 66726 59767 48803 -3000 -5254 649209 589906 1500 0 0 0 92112 88205 0 0 52292 151760 224935 245372 313140 403837 276766 2792818 2743232 3033 21583 2789785 2721649 TO PROVIDE FINANCIAL SUPPORT FOR THE GOVERNOR'S SCHOLARS PROGRAM, INC. 0 0 260848 67274 FINANCIAL SUPPORT PROVIDED TO VARIOUS EDUCATIONAL PROGRAMS OF GOVERNOR'S SCHOLARS PROGRAM, INC. 260848 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 0 1 0 0 KY X X BONNIE MULLIN 5025731630 1024 CAPITAL CENTER DRIVE SUITE 210 FRANKFORT KY 40601 VINCE GABBERT VICE CHAIR 1.00 X X 0 0 0 WILLIAM MALONE TREASURER 3.00 X X 0 0 0 ALICE SPARKS BOARD MEMBER 1.00 X 0 0 0 WAYNE M MARTIN BOARD MEMBER 1.00 X 0 0 0 JOSEPH PARADIS III BOARD MEMBER 1.00 X 0 0 0 HAROLD H SMITH PRESIDENT 30.00 X X 70000 0 0 CHRISTEN MCDONOUGH BOONE CHAIR 1.00 X X 0 0 0 JIM BOOTH BOARD MEMBER 1.00 X 0 0 0 BEN CUNDIFF BOARD MEMBER 1.00 X 0 0 0 70000 0 0 0 0 0 0 0 11295 468336 2592 479631 MERCHANDISE REVENUE 453220 66726 66726 66726 48255 48255 73929 73381 548 548 548 0 11295 5254 -5254 -5254 589906 67274 0 43001 70000 70000 11937 11937 6268 6268 8650 8650 18148 18148 60000 60000 1273 1273 2126 2126 1738 1738 8152 8152 2728 2728 FUNDRAISING (MAILINGS) 43523 43523 MERCHANDISE EXPENSE 34993 34993 ADMINISTRATIVE EXPENSE 23655 23655 DONOR DEVELOPMENT 8769 8769 11180 11180 313140 260848 0 52292 504712 330583 183019 159507 6574 6422 7698 11036 2090815 2235684 2792818 2743232 3033 21583 3033 21583 X 2171540 2103404 618245 618245 2789785 2721649 2792818 2743232 X 276766 130098 -475000 X X 0 1 X 1 0 X 991955 595084 487255 530022 479631 3083947 991955 595084 487255 530022 479631 3083947 819228 2264719 39730 46961 50040 46298 48255 231284 3315231 0.68310 0.69200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 618245 618245 618245 618245 618245 618245 618245 618245 318245 300000 618245 1.00000 0 0 0 690265 130098 130098 560167 29739 29739 589906 283401 -29739 -29739 313140 0 313140 PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES MERCHANDISE EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES MERCHANDISE EXPENSES FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS NOMINATE POTENTIAL NEW MEMBERS TO BOARD. POTENTIAL BOARD MEMBERS ARE VETTED BY THE BOARD AND ASKED TO JOIN IF APPROVED BY MAJORITY VOTE FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 IS REVIEWED BY THE BOARD AND ANY CHANGES THERETO ARE MADE AND APPROVED BY THE BOARD PRIOR TO FILING FORM 990 FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO NOTIFY PRESIDENT OF THE BOARD IF ANY CHANGES IN PREVIOUS CONFLICT OF INTEREST STATEMENT SUBMITTED AT BEGINNING OF YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S PERFORMANCE, SALARY AND BENEFITS PACKAGE ARE REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES WHICH HAS ACCESS TO COMPARABILITY DATA. THE PRESIDENT REVIEWS THE PERFORMANCE OF OTHER KEY EMPLOYEES AND MAKES RECOMMENDATIONS CONCERNING SALARY AND BENEFITS TO THE BOARD. THE BOARD MAKES THE FINAL DECISION ON COMPENSATION AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 BOARD MAKES GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: TRANSFER TO GOVERNORS SCHOLARS PROGRAM, INC. -475,000. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR THE GOVERNOR'S SCHOLARS PROGRAM INC 1024 CAPITAL CENTER DRIVE 210 FRANKFORT KY 40601 611026274 EDUCATIONAL PROGRAMS KY 501(C)(3) SECTION 170(B)(1)(A) 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0