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South Central Scholars Foundation: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
South Central Scholars Foundation (EIN 20-2820261)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-09-21
IRS object ID
201512649349300541
Schema version
2014v5.0
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)
Return2015-09-21T15:52:57-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

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 Line129000 SOUTH WESTERN AVE SUITE 207AddressLine1Txt
CityRANCHO PALOS VERDESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90275ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES T LONDON MDPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone3108331670PhoneNum
Signature2015-08-23SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLEWIS FINKELSTEIN CPAPreparerPersonNm
PTINP00132333PTIN
Phone5624953325PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOEY SHANAHANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line129000 SOUTH WESTERN AVE SUITE 207AddressLine1Txt
CityRANCHO PALOS VERDESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90275ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,863,732GrossReceiptsAmt
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 Body23VotingMembersGoverningBodyCnt
Voting Members Independent23VotingMembersIndependentCnt
Total Employee9TotalEmployeeCnt
Total Volunteers200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,436,037PYContributionsGrantsAmt
CY Contributions Grants$1,757,699CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$20,673PYInvestmentIncomeAmt
CY Investment Income$27,316CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,456,710PYTotalRevenueAmt
CY Total Revenue$1,785,015CYTotalRevenueAmt
PY Grants And Similar Paid$345,858PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$656,892CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$309,302PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$381,275CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$33,114CYTotalFundraisingExpenseAmt
PY Other Expenses$383,026PYOtherExpensesAmt
CY Other Expenses$562,238CYOtherExpensesAmt
PY Total Expenses$1,038,186PYTotalExpensesAmt
CY Total Expenses$1,600,405CYTotalExpensesAmt
PY Revenues Less Expenses$418,524PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$184,610CYRevenuesLessExpensesAmt
Total Assets BOY$1,482,915TotalAssetsBOYAmt
Total Assets EOY$1,654,203TotalAssetsEOYAmt
Total Liabilities BOY$13,131TotalLiabilitiesBOYAmt
Total Liabilities EOY$20,700TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,469,784NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,633,503NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF THE SOUTH CENTRAL SCHOLARS FOUNDATION (SCS) IS TO ASSIST HIGHLY MOTIVATED, TALENTED HIGH SCHOOL STUDENTS FROM DISADVANTAGED COMMUNITIES OF SOUTH CENTRAL LOS ANGELES COUNTY ACHIEVE ACADEMIC AND PERSONAL SUCCESS IN COLLEGE AND BEYOND. THROUGH SCHOLARSHIPS, JOBS, INTERNSHIPS, AND MENTORSHIP, THE STUDENTS OF SOUTH CENTRAL SCHOLARS DEVELOP THEIR FULL POTENTIAL AND ARE BECOMING THE FUTURE LEADERS, BOTH WITHIN SCS AND IN THE BROADER COMMUNITY. OUR CURRENT STUDENTS ARE BECOMING MEMBERS OF OUR ENLARGING COMMUNITY OF VOLUNTEERS AND ARE SERVING AS A RESOURCE TO FUTURE STUDENTS FROM SOUTH CENTRAL LOS ANGELES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,377,625ExpenseAmt
Grant$656,892GrantAmt
DescTHE ORGANIZATION PROVIDES COLLEGE ACCESS AND SUCCESS PROGRAMMINGTO DISADVANTAGED 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$1,377,625TotalProgramServiceExpensesAmt
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 ActivitiesYes (1)FundraisingActivitiesInd
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 Document34IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee9EmployeeCnt
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 ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members23GoverningBodyVotingMembersCnt
Independent Voting Member23IndependentVotingMemberCnt
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 Enfrc0RegularMonitoringEnfrcInd
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 Line129000 S WESTERN AVENUE SUITE 207AddressLine1Txt
CityRANCHO PALOS VERDESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90275ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JAMES T LONDON MD
CHAIRMAN10.00Yes (X)Yes (X)$0$0$0
PATRICIA LONDON
SECRETARY10.00Yes (X)Yes (X)$0$0$0
ROBERT FUNARI
BOARD MEMBER2.00Yes (X)$0$0$0
BRIAN DEPERSIA
BOARD MEMBER2.00Yes (X)$0$0$0
JOAN HERMAN
BOARD MEMBER2.00Yes (X)$0$0$0
GAYLE HOLCOMB
BOARD MEMBER2.00Yes (X)$0$0$0
RAMSEY JAY JR
BOARD MEMBER2.00Yes (X)$0$0$0
SAMUEL GARRISON
BOARD MEMBER2.00Yes (X)$0$0$0
STUART LINER
BOARD MEMBER2.00Yes (X)$0$0$0
BRIAN MASSEY
BOARD MEMBER2.00Yes (X)$0$0$0
ZELDA HARRISON
BOARD MEMBER2.00Yes (X)$0$0$0
MASAI MINTERS
BAORD MEMBER2.00Yes (X)$0$0$0
CASSANDRA ROY
BOARD MEMBER2.00Yes (X)$0$0$0
ALEXANDER RUBALCAVA
BOARD MEMBER2.00Yes (X)$0$0$0
MICHAEL QUICK
BOARD MEMBER2.00Yes (X)$0$0$0
KARI VAN GUNDY
BOARD MEMBER2.00Yes (X)$0$0$0
PHYLLIS MONROE
BOARD MEMBER2.00Yes (X)$0$0$0
JASON REDNOUR
BOARD MEMBER2.00Yes (X)$0$0$0
ROB VICKERY
BOARD MEMBER2.00Yes (X)$0$0$0
JEFF WEISS
BOARD MEMBER2.00Yes (X)$0$0$0
WILLIAM O MCCLURE
BOARD MEMBER2.00Yes (X)$0$0$0
PAUL BLAVIN
BOARD MEMBER2.00Yes (X)$0$0$0
DOUG WOODRUFF
BOARD MEMBER2.00Yes (X)$0$0$0
ROBERT WINSTON
PRESIDENT OF STUDENT SERVI40.00Yes (X)$81,525$0$0
JOEY SHANAHAN
EXECUTIVE DIRECTOR40.00Yes (X)$100,000$0$7,196
FieldValueIRS element (for citing)
Total Reportable Comp From Org$181,525TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$7,196TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$193,404FundraisingAmt
All Other Contributions$1,564,295AllOtherContributionsAmt
Total Contributions$1,757,699TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,535TotalRevenueColumnAmt
Exclusion$14,535ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$25,231SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$12,450SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$12,781SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,781TotalRevenueColumnAmt
Exclusion$12,781ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$66,267FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$193,404ContriRptFundraisingEventAmt
Fundraising Direct Expenses$66,267FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,785,015TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$27,316ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$656,892TotalAmt
Program Services$656,892ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$181,525TotalAmt
Program Services$125,220ProgramServicesAmt
Management And General$36,305ManagementAndGeneralAmt
Fundraising$20,000FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$172,696TotalAmt
Program Services$150,415ProgramServicesAmt
Management And General$21,281ManagementAndGeneralAmt
Fundraising$1,000FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$27,054TotalAmt
Program Services$20,561ProgramServicesAmt
Management And General$4,599ManagementAndGeneralAmt
Fundraising$1,894FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$16,792TotalAmt
Management And General$16,792ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,980TotalAmt
Management And General$1,951ManagementAndGeneralAmt
Fundraising$2,029FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$41,974TotalAmt
Program Services$20,987ProgramServicesAmt
Management And General$14,691ManagementAndGeneralAmt
Fundraising$6,296FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$37,188TotalAmt
Management And General$37,188ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$41,652TotalAmt
Management And General$41,652ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,347TotalAmt
Program Services$4,347ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$669TotalAmt
Management And General$669ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$30,257TotalAmt
Program Services$18,150ProgramServicesAmt
Management And General$10,697ManagementAndGeneralAmt
Fundraising$1,410FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
STUDENT CONFERENCES$377,417$377,417
TELEPHONE$4,848$3,636$727$485
LICENSES & PERMITS$3,114$3,114

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,600,405TotalAmt
Program Services$1,377,625ProgramServicesAmt
Management And General$189,666ManagementAndGeneralAmt
Fundraising$33,114FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$771,368BOYAmt
EOY$1,061,633EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$20,558BOYAmt
EOY$45,729EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$162,900BOYAmt
EOY$12,500EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,378BOYAmt
EOY$5,381EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,330LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$9,517LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,482BOYAmt
EOY$813EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$518,265BOYAmt
EOY$525,183EOYAmt

Other Assets Total OtherAssetsTotalGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,482,915BOYAmt
EOY$1,654,203EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$13,131BOYAmt
EOY$20,700EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$13,131BOYAmt
EOY$20,700EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,069,784BOYAmt
EOY$1,433,503EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$400,000BOYAmt
EOY$200,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,469,784BOYAmt
EOY$1,633,503EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,482,915BOYAmt
EOY$1,654,203EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$184,610ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$20,891NetUnrlzdGainsLossesInvstAmt
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)
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$795,863CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$938,668CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,268,075CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,436,037CurrentTaxYearMinus1YearAmt
Current Tax Year$1,757,699CurrentTaxYearAmt
Total$6,196,342TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$795,863CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$938,668CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,268,075CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,436,037CurrentTaxYearMinus1YearAmt
Current Tax Year$1,757,699CurrentTaxYearAmt
Total$6,196,342TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,507,685SubstantialContributorsTotAmt
Public Support Total170$3,688,657PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,392CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,744CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,077CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$23,712CurrentTaxYearMinus1YearAmt
Current Tax Year$14,535CurrentTaxYearAmt
Total$78,460TotalAmt
FieldValueIRS element (for citing)
Total Support$6,274,802TotalSupportAmt
Public Support CY1700.58790PublicSupportCY170Pct
Public Support PY1700.55910PublicSupportPY170Pct
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$10,330OtherCostOrOtherBasisAmt
Depreciation$9,517DepreciationAmt
Book Value$813BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$813TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,771,743TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$20,891NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$7,619DonatedServicesAndUseFcltsAmt
Revenue Not Reported-$13,272RevenueNotReportedAmt
Revenue Subtotal$1,785,015RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,785,015TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,608,024TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$7,619DonatedServicesUseFcltsAmt
Expenses Not Reported$7,619ExpensesNotReportedAmt
Expenses Subtotal$1,600,405ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,600,405TotalExpensesPerForm990Amt

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, 2014 AND 2013 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 G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALAEvent1Nm
Gross Receipts Event1$259,671GrossReceiptsEvent1Amt
Charitable Contri Event1$193,404CharitableContriEvent1Amt
Gross Revenue Event1$66,267GrossRevenueEvent1Amt
Other Direct Expenses Event1$66,267OtherDirectExpensesEvent1Amt
Gross Receipts Total$259,671GrossReceiptsTotalAmt
Charitable Contributions Tot$193,404CharitableContributionsTotAmt
Gross Revenue Total Events$66,267GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$66,267OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$66,267DirectExpenseSummaryEventsAmt
Net Income Summary$0NetIncomeSummaryAmt

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
Recipient390RecipientCnt
Cash Grant$656,892CashGrantAmt
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 (4 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 BOARD OF DIRECTORS.S
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 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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