2011-10-04T15:44:58-05:00 2010-12-31 KRING RAY FARLEY & RIDDLE PSC 444 EAST MAIN STREET STE 203 LEXINGTON KY 40507 990 2010-01-01 611393028 THE GOVERNOR'S SCHOLARS PROGRAM FOUNDATION INC GOVE 5025731630 1024 CAPITAL CENTER DRIVE NO 210 FRANKFORT KY 40601 HAROLD H SMITH 5025731630 2011-10-04 1 KRING RAY FARLEY RIDDLE PSC 8592310541 2010 2016-03-07 17:11:31Z HAROLD H SMITH 1024 CAPITAL CENTER DRIVE NO 210 FRANKFORT KY 40601 1255955 0 X HTTP://GSP.KY.GOV/ X 2001 KY TO PROVIDE SUPPORT FOR THE GOVERNORS SCHOLARS PROGRAM, INC. 5 5 3 20 0 0 333734 991955 0 0 -27452 72279 0 0 306282 1064234 30000 30000 0 0 86984 82812 0 0 44820 105880 99924 222864 212736 83418 851498 1613551 2297008 23495 2652 1590056 2294356 TO PROVIDE SUPPORT FOR THE GOVERNOR'S SCHOLARS PROGRAM, INC. 0 0 167916 30000 991955 SUPPORT PROVIDED TO VARIOUS EDUCATIONAL PROGRAMS OF GOVERNOR'S SCHOLARS PROGRAM, INC. 167916 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 KY X BONNIE MULLIN 5025731630 1024 CAPITAL CENTER DRIVE SUITE 210 FRANKFORT KY 40601 VINCE GABBERT 1.00 X 0 0 0 WILLIAM MALONE 3.00 X X 0 0 0 ALICE SPARKS 1.00 X 0 0 0 WAYNE M MARTIN 1.00 X X 0 0 0 JOSEPH PARADIS III 1.00 X 0 0 0 HAROLD H SMITH 30.00 X X 70000 0 0 CHRISTEN MCDONOUGH BOONE 1.00 X X 0 0 0 70000 0 0 0 0 0 0 0 991955 356094 991955 39730 39730 224270 191721 32549 32549 32549 1064234 0 0 72279 30000 30000 76226 76226 6586 6586 23473 23473 743 743 1265 1265 1273 1273 6855 6855 2360 2360 FUNDRAISING (MAILINGS) 44820 44820 INVESTMENT FEES 12146 12146 PRINTING/PUBLICATIONS/P 5070 5070 TELEPHONE 1112 1112 MISCELLANEOUS 588 588 219 219 212736 167916 0 44820 424960 388788 52500 280738 5504 5492 1130587 1621990 1613551 2297008 23495 2652 23495 2652 X 1271811 1676111 318245 618245 1590056 2294356 1613551 2297008 X 851498 -147198 X X 0 1 1 X 0 X 538736 484522 495772 333734 991955 2844719 538736 484522 495772 333734 991955 2844719 2844719 38151 40937 41037 31909 39730 191764 -346 -346 3036137 0.93700 0.92900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 318245 300000 618245 318245 318245 318245 318245 1.00000 0 0 0 CASH & MONEY MARKET FUNDS 252270 F CORPORATE BONDS 410411 F U.S. GOVERNMENT OBLIGATIONS 31831 F COMMON STOCKS 927478 F 1621990 1064234 212736 851498 52802 -200000 -147198 704300 1117036 52802 52802 1064234 0 1064234 212736 0 212736 0 212736 PART XI, LINE 8 - OTHER ADJUSTMENTS: TRANSFER TO GOVERNORS SCHOLARS PROGRAM, INC. -200,000. 1 AGRIBUSINESS SCHOLARSHIPS 30 30000 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ORGANIZATION WRITES SCHOLARSHIP CHECKS DIRECTLY TO UNIVERSITIES ON BEHALF OF GRANT RECIPIENTS THEREBY GUARANTEEING USE OF FUNDS FOR AGRICULTURAL-RELATED EDUCATION AS STIPULATED IN THE GRANT X 1 354520 FAIR MARKET VALUE X SPECIALIZED PRINTING SERVICES 1 1574 FAIR MARKET VALUE 0 0 0 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 7B BOARD DELEGATES DAY TO DAY OPERATIONAL FUNCTIONS TO MANAGEMENT OF THE FOUNDATION. BOARD MUST APPROVE ANY CHANGES TO POLICIES AND PROCEDURES AS WELL AS CHANGES TO GOVERNING DOCUMENTS. DECISIONS OF BOARD MUST BE APPROVED BY MAJORITY VOTE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO OTHER 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 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 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 52,802. TRANSFER TO GOVERNORS SCHOLARS PROGRAM, INC. -200,000. TOTAL TO FORM 990, PART XI, LINE 5: -147,198. 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) SECTION 170(B)(1)(A) 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0