2015-05-13T22:52:41-05:00 2014-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 130 Lawrenceville GA 30043 990 2014-06-01 611709239 Arete Scholars Louisiana Inc ARET 2252453610 655 Saint Ferdinand Street Baton Rouge LA 70802 Derek Monjure Executive Director 4046972649 2015-05-13 1 David C Moja P00747006 6785185301 2013 2016-02-25 16:41:14Z X Derek Monjure 655 Saint Ferdinand Street Baton Rouge LA 70802 316097 0 X www.aretescholars.org X 2013 LA To assist low-income students reach their highest potential through educational opportunity. 5 4 0 19 0 0 316000 0 97 0 316097 61134 0 411 0 1439 13928 75473 240624 241733 1109 240624 To assist low-income students discover their talents & reach their highest potential through educational opportunity. 0 0 62626 61134 Arete Scholars Louisiana, Inc. awarded 15 K4-12 Education scholarships, for a total of $61,134, during the 2013-2014 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 $4,048 for private school tuition and fees. 62626 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 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 0 0 0 X Mike Townsend 4049650600 3615 Braselton Suite 203 Dacula GA 30019 Gregory Beadles Chairman 1.00 1.00 X X 0 0 0 Chris Prince Vice Chairman 1.00 1.00 X X 0 0 0 Derek Monjure Executive Director 10.00 40.00 X X 0 101055 12588 Al Petrangeli Board Member 1.00 1.00 X 0 0 0 Terry Tucker Board Member 1.00 1.00 X 0 0 0 0 101055 12588 0 0 0 0 0 316000 316000 97 97 316097 0 0 97 61134 61134 411 411 6000 6000 495 288 207 758 440 318 608 353 255 4628 4628 Donor events 1439 1439 75473 62626 11408 1439 12370 229363 0 241733 1109 0 1109 X 238887 1737 0 240624 0 241733 240624 0 X 0 1 X 0 0 X 316000 316000 316000 316000 302356 13644 97 97 316097 X Schedule A, Part II, Columns (a) - (e): Per the instructions public suppot is measured using a 5-year computation period that includes the current and four prior tax years (including short years). The organization had a short year in 2014. The below chart clarifies the information represented in Schedule A, Part II: Column (e) - 1 month period ending 6/30/14 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 316097 0 316097 0 316097 75473 0 75473 0 75473 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 statement of activities. As of June 30, 2014, 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 Louisiana. Arete is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for the years before 2013. 1 Scholarship 15 61134 Part I, Line 2: Arete Scholars Louisiana, 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 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 Board Vice Chairman. If a conflict were to arise, the affected Board members would recuse themselves and abstain from voting on the issue. Form 990, Part VI, Section B, line 15 No officers or key employees were paid during the tax year. Line 15a and 15b have been answered no according to instructions. Form 990, Part VI, Section C, line 18 Arete Scholars Louisiana makes its Form 1023 available upon request. Form 990, Part VI, Section C, line 19 Arete Scholars Louisiana makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Arete Scholars Fund Inc PO Box 744 Dacula GA 30019 272494520 Assist low-income students reach their highest potential through education. GA 501(c)(3) Line 7 None 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Arete Scholars Fund Inc P