BETA

SCHOLARS HOPE FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SCHOLARS HOPE FOUNDATION (EIN 33-0905269)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-02-19
IRS object ID
202610509349300746
Schema version
2024v5.5
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)
Return2026-02-19T18:21:50-06:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475022353PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JURATE GULBINAS CPA INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14515 OCEAN VIEW BLVD SUITE 100AddressLine1Txt
CityLA CANADA FLINTRIDGECityNm
State AbbreviationCAStateAbbreviationCd
ZIP91011ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN330905269EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SCHOLARS' HOPE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSCHOBusinessNameControlTxt
Phone7142745142PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111947 VALLEY VIEW STAddressLine1Txt
CityGARDEN GROVECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92846ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCOLLEEN A MENSELPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7142745142PhoneNum
Signature2026-02-19SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJURATE GULBINASPreparerPersonNm
PTINP01356079PTIN
Phone6263142845PhoneNum
Preparation2026-02-19PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCOLLEEN A MENSELPrincipalOfficerNm
Gross Receipts$127,054GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW. SCHOLARSHOPE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTO INSPIRE AND GUIDE OUR YOUTH TO BUILD CONFIDENCE FOR SUCCESS IN HIGHER EDUCATIONActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$4,737TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$181,061PYContributionsGrantsAmt
CY Contributions Grants$122,317CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$5,563PYInvestmentIncomeAmt
CY Investment Income$4,737CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$186,624PYTotalRevenueAmt
CY Total Revenue$127,054CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$216,905PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$222,818CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$29,004CYTotalFundraisingExpenseAmt
PY Other Expenses$87,053PYOtherExpensesAmt
CY Other Expenses$90,037CYOtherExpensesAmt
PY Total Expenses$303,958PYTotalExpensesAmt
CY Total Expenses$312,855CYTotalExpensesAmt
PY Revenues Less Expenses-$117,334PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$185,801CYRevenuesLessExpensesAmt
Total Assets BOY$740,857TotalAssetsBOYAmt
Total Assets EOY$579,959TotalAssetsEOYAmt
Total Liabilities BOY$67,947TotalLiabilitiesBOYAmt
Total Liabilities EOY$46,365TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$672,910NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$533,594NetAssetsOrFundBalancesEOYAmt
MissionTO INSPIRE AND GUIDE YOUTH TO BUILD CONFIDENCE FOR SUCESS IN HIGHER EDUCATION.SCHOLAR' HOPE FOUNDATION PREPARES STUDENTS FOR THE ACADEMIC AND SCHOOL SOCIAL-EMOTIONAL CHALLENGES OF LIFE. OUR RESEARCHED BASED AND RESULTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$245,849ExpenseAmt
DescSCHOLARS' HOPE FOUNDATION PREPARES STUDENTS THE ACADEMIC ANDDRIVEN CURRICULUM IS MAKING AN UNDENIABLE IMPACT ON YOUTH. THIS IMPACTIS DEMONSTRATED THROUGH HIGHER GPA'S, HIGHER COLLEGE ELIGIBILITY ANDPREPAREDNESS FOR THE DEMANDS OF COLLEGE.Desc
Total Program Service Expenses$245,849TotalProgramServiceExpensesAmt
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
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
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 Individuals0GrantsToIndividualsInd
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 With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
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 Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee5EmployeeCnt
Employment Tax Returns Filed0EmploymentTaxReturnsFiledInd
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
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
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 Line1COLLEEN MENSELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7142745142PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line117820 52ND AVENUEAddressLine1Txt
CitySTANWOODCityNm
State AbbreviationWAStateAbbreviationCd
ZIP98292ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MARK CZEPIEL
TREASURER4.00Yes (X)Yes (X)$0$0$0
TONI GREGORY
SECRETARY2.00Yes (X)Yes (X)$0$0$0
RONI ELLIS
CHAIR2.00Yes (X)Yes (X)$0$0$0
STAN MULLIN
VICE CHAIR4.00Yes (X)Yes (X)$0$0$0
CAMERON JALBERT
DIRECTOR2.00Yes (X)$0$0$0
DEDE RAVENHORST MARKEL
DIRECTOR2.00Yes (X)$0$0$0
COLLEEN A MENSEL
PRESIDENT & CEO40.00Yes (X)$123,970$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$123,970TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
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$122,317AllOtherContributionsAmt
Total Contributions$122,317TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,737TotalRevenueColumnAmt
Unrelated Business Revenue$4,737UnrelatedBusinessRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$127,054TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$4,737UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$123,970TotalAmt
Program Services$123,970ProgramServicesAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$79,814TotalAmt
Program Services$79,774ProgramServicesAmt
Management And General$40ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$19,034TotalAmt
Program Services$18,713ProgramServicesAmt
Management And General$321ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$75TotalAmt
Management And General$75ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$28,925TotalAmt
Management And General$12,125ManagementAndGeneralAmt
Fundraising$16,800FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,135TotalAmt
Program Services$260ProgramServicesAmt
Management And General$537ManagementAndGeneralAmt
Fundraising$3,338FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,068TotalAmt
Program Services$6,120ProgramServicesAmt
Management And General$948ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$954TotalAmt
Program Services$954ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,723TotalAmt
Program Services$3,723ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$25,580TotalAmt
Program Services$8,411ProgramServicesAmt
Management And General$17,169ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SUPPLIES$8,312$1,252$4,162$2,898
BANK CHARGES$6,033$65$5,968
PROGRAM REWARDS$2,569$2,569
PAYROLL PROCESSING EXPE$2,560$2,560

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$103TotalAmt
Program Services$103ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$312,855TotalAmt
Program Services$245,849ProgramServicesAmt
Management And General$38,002ManagementAndGeneralAmt
Fundraising$29,004FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$55,573BOYAmt
EOY$35,115EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$172,781BOYAmt
EOY$29,912EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,771BOYAmt
EOY$5,475EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$27,911LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$27,911LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$509,732BOYAmt
EOY$509,457EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$740,857BOYAmt
EOY$579,959EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,842BOYAmt
EOY$160EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$66,105BOYAmt
EOY$46,205EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$67,947BOYAmt
EOY$46,365EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$495,804BOYAmt
EOY$397,594EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$177,106BOYAmt
EOY$136,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$672,910BOYAmt
EOY$533,594EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$740,857BOYAmt
EOY$579,959EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$185,801ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$46,486NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
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$333,876CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$321,056CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$315,613CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$181,061CurrentTaxYearMinus1YearAmt
Current Tax Year$122,317CurrentTaxYearAmt
Total$1,273,923TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$333,876CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$321,056CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$315,613CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$181,061CurrentTaxYearMinus1YearAmt
Current Tax Year$122,317CurrentTaxYearAmt
Total$1,273,923TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$524,400SubstantialContributorsTotAmt
Public Support Total170$749,523PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,023CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,476CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,660CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,563CurrentTaxYearMinus1YearAmt
Current Tax Year$4,026CurrentTaxYearAmt
Total$18,748TotalAmt
FieldValueIRS element (for citing)
Total Support$1,292,671TotalSupportAmt
Public Support CY1700.57980PublicSupportCY170Pct
Public Support PY1700.64530PublicSupportPY170Pct
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

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$477,071BeginningYearBalanceAmt
Investment Earnings Or Losses$49,462InvestmentEarningsOrLossesAmt
Grants Or Scholarships$45,335GrantsOrScholarshipsAmt
Other Expenditures$5,519OtherExpendituresAmt
End Year Balance$475,679EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$455,072BeginningYearBalanceAmt
Investment Earnings Or Losses$92,536InvestmentEarningsOrLossesAmt
Other Expenditures$70,537OtherExpendituresAmt
End Year Balance$477,071EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$455,072BeginningYearBalanceAmt
End Year Balance$455,072EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$470,118BeginningYearBalanceAmt
Investment Earnings Or Losses-$9,852InvestmentEarningsOrLossesAmt
Other Expenditures$5,194OtherExpendituresAmt
End Year Balance$455,072EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$531,637BeginningYearBalanceAmt
Contributions$295ContributionsAmt
Investment Earnings Or Losses$118,447InvestmentEarningsOrLossesAmt
Grants Or Scholarships$174,500GrantsOrScholarshipsAmt
Other Expenditures$5,761OtherExpendituresAmt
End Year Balance$470,118EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,911OtherCostOrOtherBasisAmt
Depreciation$27,911DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
FISCAL INTEREST ENDOWMENT$475,680C
OTHER RECEIVABLE$33,777C
FieldValueIRS element (for citing)
Total Book Value Securities$509,457TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescACCRUED VACATION AND PAYROLLDesc
Amt$46,205Amt
FieldValueIRS element (for citing)
Total Liability$46,205TotalLiabilityAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE BOARD OF DIRECTORS VOTES ON THE CEO'S COMPENSATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1SCHOLARS' HOPE FOUNDATION PREPARES STUDENTS THE ACADEMIC AND SOCIAL-EMOTIONAL CHALLENGES OF LIFE. OUR RESEARCHED BASED AND RESULTS DRIVEN CURRICULUM IS MAKING AN UNDENIABLE IMPACT ON YOUTH. THIS IMPACT IS DEMONSTRATED THROUGH HIGHER GPA'S, HIGHER COLLEGE ELIGIBILITY AND PREPAREDNESS FOR THE DEMANDS OF COLLEGE.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION HAS 6 MEMBERS DURING THE YEAR.
FORM 990, PART VI, SECTION A, LINE 7ALINE 7A EXPLANATION - FUTURE MEMBERS ARE NOMINATED BY INDIVIDUALS ASSOCIATED WITH THE FOUNDATION, AND ARE ELECTED BY THE EXISTING BOARD MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7BLINE 7B EXPLANATION - DECISIONS ARE VOTED AND APPROVED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 11BLINE 11B EXPLANATION - THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE 990 AND PRESENTS IT TO THE BOARD FOR THEIR REVIEW AND APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CEACH BOARD MEMBER AND EMPLOYEE COMPLETES A CONFLICT OF INTEREST POLICY FORM EACH YEAR.
FORM 990, PART VI, SECTION B, LINE 15THE EXECUTIVE COMMITTEE REVIEWED THE FOLLOWING DOCUMENTS; OPPORTUNITYKNOCKS.ORG'S WAGE & BENEFIT REPORT, AND THE CENTER FOR NON-PROFIT MANAGEMENT'S COMPENSATION AND BENEFITS SURVEY CENTRAL AND SOUTHERN CALIFORNIA. THE SALARIES FOR ALL EMPLOYEES, OTHER THAN THE CEO, ARE REVIEWED BY THE CEO AND THEN PRESENTED TO THE FINANCE COMMITTEE THROUGH THE BUDGET PROCESS AS A BUDGETED EXPENSE. THE EXECUTIVE COMMITTEE REVIEWED THE FOLLOWING DOCUMENTS; OPPORTUNITYKNOCKS.ORG'S WAGE & BENEFIT REPORT, AND THE CENTER FOR NON-PROFIT MANAGEMENT'S COMPENSATION AND BENEFITS SURVEY CENTRAL AND SOUTHERN CALIFORNIA. THE CEO'S COMPENSATION WAS APPROVED BY THE BOARD OF DIRECTORS BY INDEPENDENT VOTE UPON RECOMMENDATION OF THE EXECUTIVE COMMITTEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST AND ON ITS WEBSITE.
FORM 990, PART VI, SECTION B, LINE 15THE EXECUTIVE COMMITTEE REVIEWED THE FOLLOWING DOCUMENTS: OPPORTUNITYKNOCKS.ORG'S WAGE & BENEFIT REPORT, AND THE CENTER FOR NON-PROFIT MANAGEMENT'S COMPENSATION AND BENEFITS SURVEY CENTRAL AND SOUTHERN CALIFORNIA. THE SALARIES FOR ALL EMPLOYEES, OTHER THAN THE CEO, ARE REVIEWED BY THE CEO AND THEN PRESENTED TO THE FINANCE COMMITTEE THROUGH THE BUDGET PROCESS AS A BUDGETED EXPENSE. THE EXECUTIVE COMMITTEE REVIEWED THE FOLLOWING DOCUMENTS: OPPORTUNITYKNOCKS.ORG'S WAGE & BENEFIT REPORT, AND THE CENTER FOR NON-PROFIT MANAGEMENT'S COMPENSATION AND BENEFITS SURVEY CENTRAL AND SOUTHERN CALIFORNIA. THE CEO'S COMPENSATION WAS APPROVED BY THE BOARD OF DIRECTORS BY INDEPENDENT VOTE UPON RECOMMENDATION OF THE EXECUTIVE COMMITTEE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ON ITS WEBSITE.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

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