STRATEGY STUDIO / PUBLIC DATA EXPLORER

SCHOLARSHIP FUND OF ALEXANDRIA: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
SCHOLARSHIP FUND OF ALEXANDRIA (EIN 20-0031464)
Tax period
2022-10-01 to 2023-09-30
Filed
2024-04-17
IRS object ID
202441089349301234
Schema version
2022v5.0
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)
Return2024-04-17T13:19:40-05:00ReturnTs
Tax Period End2023-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN753218994PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JONES & MCINTYRE PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16506 LOISDALE ROAD SUITE 330AddressLine1Txt
CitySPRINGFIELDCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22150ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200031464EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SCHOLARSHIP FUND OF ALEXANDRIABusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSCHOBusinessNameControlTxt
Phone7038246730PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13330 KING STREETAddressLine1Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22302ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEBORAH SCHILLINGPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7038246730PhoneNum
Signature2024-04-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDEBORAHPersonFirstNm
Person LastSCHILLINGPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLINDA D MCINTYRE CPAPreparerPersonNm
PTINP00048561PTIN
Phone7038664500PhoneNum
Preparation2024-04-17PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJASMINE MILONEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13330 KING STREETAddressLine1Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22302ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,438,147GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ALEXSCHOLARSHIPFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateVALegalDomicileStateCd
Activity Or MissionTO AWARD POST-SECONDARY EDUCATION SCHOLARSHIPS TO GRADUATES OF ALEXANDRIA CITY HIGH SCHOOL.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee10TotalEmployeeCnt
Total Volunteers150TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,202,216PYContributionsGrantsAmt
CY Contributions Grants$1,510,547CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$400,663PYInvestmentIncomeAmt
CY Investment Income$369,752CYInvestmentIncomeAmt
PY Other Revenue$50,975PYOtherRevenueAmt
CY Other Revenue$45,500CYOtherRevenueAmt
PY Total Revenue$2,653,854PYTotalRevenueAmt
CY Total Revenue$1,925,799CYTotalRevenueAmt
PY Grants And Similar Paid$1,281,289PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,349,234CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$390,867PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$319,729CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$111,927CYTotalFundraisingExpenseAmt
PY Other Expenses$106,129PYOtherExpensesAmt
CY Other Expenses$153,226CYOtherExpensesAmt
PY Total Expenses$1,778,285PYTotalExpensesAmt
CY Total Expenses$1,822,189CYTotalExpensesAmt
PY Revenues Less Expenses$875,569PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$103,610CYRevenuesLessExpensesAmt
Total Assets BOY$7,551,896TotalAssetsBOYAmt
Total Assets EOY$8,042,863TotalAssetsEOYAmt
Total Liabilities BOY$258,054TotalLiabilitiesBOYAmt
Total Liabilities EOY$138,756TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,293,842NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,904,107NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE SCHOLARSHIP FUND OF ALEXANDRIA IS A NON-PROFIT ORGANIZATION FORMED TO RECEIVE AND MANAGE PRIVATE AND PUBLIC GIFTS AND DISPERSE THEM IN THE FORM OF SCHOLARSHIPS TO QUALIFIED GRADUATES OF ALEXANDRIA CITY PUBLIC SCHOOLS WHO ATTEND ACCREDITED COLLEGES OR CAREER SCHOOLS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,585,142ExpenseAmt
Grant$1,349,234GrantAmt
DescSEE SCHEDULE ODesc
Total Program Service Expenses$1,585,142TotalProgramServiceExpensesAmt
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 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 ActivitiesYes (1)GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
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 Document5IRPDocumentCnt
IRP Document W2 G1IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee10EmployeeCnt
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
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
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 Members17GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
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 Body0Form990ProvidedToGvrnBodyInd
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 Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7038246730PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13330 KING STREETAddressLine1Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22302ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DEBORAH SCHILLING
TREASURER1.00Yes (X)Yes (X)$0$0$0
KEVIN JAHNS
CHAIR1.00Yes (X)Yes (X)$0$0$0
MARIA MONTIEL-MATTHEWS
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
LOIS BERLIN
SECRETARY1.00Yes (X)Yes (X)$0$0$0
CINDY ANDERSON
TRUSTEE1.00Yes (X)$0$0$0
PRISCILLA GOODWIN
TRUSTEE1.00Yes (X)Yes (X)$0$0$0
LORRAINE REILLY
TRUSTEE1.00Yes (X)$0$0$0
SHANNON WATSON
TRUSTEE1.00Yes (X)$0$0$0
PREEANN JOHNSON
TRUSTEE1.00Yes (X)$0$0$0
LARRY BRYANT
TRUSTEE1.00Yes (X)$0$0$0
WILLIAM EUILLE
TRUSTEE1.00Yes (X)$0$0$0
PAUL BRINKMAN
TRUSTEE1.00Yes (X)$0$0$0
ANDREW GARRAHAN
TRUSTEE1.00Yes (X)$0$0$0
ANGELA GREEN-BOWERS
TRUSTEE1.00Yes (X)$0$0$0
ABIGAIL OSEI
TRUSTEE1.00Yes (X)$0$0$0
JESSE O'CONNELL
TRUSTEE1.00Yes (X)$0$0$0
JASMINE MILONE
EXECUTIVE DIRECTOR40.00Yes (X)$53,125$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$53,125TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other SrcsYes (1)CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Federated Campaigns$5,965FederatedCampaignsAmt
Fundraising$355,316FundraisingAmt
All Other Contributions$1,149,266AllOtherContributionsAmt
Total Contributions$1,510,547TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$340,786TotalRevenueColumnAmt
Exclusion$340,786ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$377,585SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$348,619SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$28,966SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$28,966TotalRevenueColumnAmt
Related Or Exempt Func Income$28,966RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$138,729FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$355,316ContriRptFundraisingEventAmt
Fundraising Direct Expenses$138,729FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gaming Gross Income$70,500GamingGrossIncomeAmt
Gaming Direct Expenses$25,000GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$45,500TotalRevenueColumnAmt
Exclusion$45,500ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,925,799TotalRevenueColumnAmt
Related Or Exempt Func Income$28,966RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$386,286ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,349,234TotalAmt
Program Services$1,349,234ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$294,075TotalAmt
Program Services$157,260ProgramServicesAmt
Management And General$69,083ManagementAndGeneralAmt
Fundraising$67,732FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$4,220TotalAmt
Program Services$4,220ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$21,434TotalAmt
Program Services$11,583ProgramServicesAmt
Management And General$5,146ManagementAndGeneralAmt
Fundraising$4,705FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$28,811TotalAmt
Management And General$28,811ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$16,474TotalAmt
Management And General$16,474ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$44,220TotalAmt
Program Services$18,507ProgramServicesAmt
Fundraising$25,713FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$30,026TotalAmt
Program Services$24,944ProgramServicesAmt
Management And General$2,421ManagementAndGeneralAmt
Fundraising$2,661FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$10,837TotalAmt
Program Services$8,239ProgramServicesAmt
Management And General$1,999ManagementAndGeneralAmt
Fundraising$599FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,060TotalAmt
Program Services$1,060ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,303TotalAmt
Program Services$662ProgramServicesAmt
Management And General$641ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SPECIAL EVENTS COSTS$15,455$4,859$461$10,135
BANK CHARGES$2,581$2,240$84$257
PUBLICITY$2,459$2,334$125

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,822,189TotalAmt
Program Services$1,585,142ProgramServicesAmt
Management And General$125,120ManagementAndGeneralAmt
Fundraising$111,927FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,334,537BOYAmt
EOY$693,259EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$19,932BOYAmt
EOY$13,816EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$27,394BOYAmt
EOY$35,890EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,469LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,469LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,060BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$6,168,973BOYAmt
EOY$7,299,898EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,551,896BOYAmt
EOY$8,042,863EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$6,454BOYAmt
EOY$8,862EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$251,600BOYAmt
EOY$79,894EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$50,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$258,054BOYAmt
EOY$138,756EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,849,366BOYAmt
EOY$4,176,441EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,444,476BOYAmt
EOY$3,727,666EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,293,842BOYAmt
EOY$7,904,107EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,551,896BOYAmt
EOY$8,042,863EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$103,610ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$506,655NetUnrlzdGainsLossesInvstAmt
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$959,122CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,454,239CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,231,408CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,253,191CurrentTaxYearMinus1YearAmt
Current Tax Year$1,556,047CurrentTaxYearAmt
Total$8,454,007TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$90,921CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$82,633CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$85,112CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$74,705CurrentTaxYearMinus1YearAmt
Current Tax Year$87,622CurrentTaxYearAmt
Total$420,993TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,050,043CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,536,872CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,316,520CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,327,896CurrentTaxYearMinus1YearAmt
Current Tax Year$1,643,669CurrentTaxYearAmt
Total$8,875,000TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$904,397SubstantialContributorsTotAmt
Public Support Total170$7,970,603PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$299,963CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$190,593CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$215,344CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$400,662CurrentTaxYearMinus1YearAmt
Current Tax Year$369,752CurrentTaxYearAmt
Total$1,476,314TotalAmt
FieldValueIRS element (for citing)
Total Support$10,351,314TotalSupportAmt
Public Support CY1700.77000PublicSupportCY170Pct
Public Support PY1700.74020PublicSupportPY170Pct
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$5,497,377BeginningYearBalanceAmt
Contributions$610,834ContributionsAmt
Investment Earnings Or Losses$179,013InvestmentEarningsOrLossesAmt
Grants Or Scholarships$471,408GrantsOrScholarshipsAmt
Administrative Expenses$35,249AdministrativeExpensesAmt
End Year Balance$5,780,567EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,699,822BeginningYearBalanceAmt
Contributions$1,019,698ContributionsAmt
Investment Earnings Or Losses-$718,571InvestmentEarningsOrLossesAmt
Grants Or Scholarships$466,745GrantsOrScholarshipsAmt
Administrative Expenses$36,827AdministrativeExpensesAmt
End Year Balance$5,497,377EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,306,304BeginningYearBalanceAmt
Contributions$1,372,566ContributionsAmt
Investment Earnings Or Losses$440,301InvestmentEarningsOrLossesAmt
Grants Or Scholarships$386,824GrantsOrScholarshipsAmt
Administrative Expenses$32,525AdministrativeExpensesAmt
End Year Balance$5,699,822EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,554,240BeginningYearBalanceAmt
Contributions$1,508,204ContributionsAmt
Investment Earnings Or Losses$111,394InvestmentEarningsOrLossesAmt
Grants Or Scholarships$842,159GrantsOrScholarshipsAmt
Administrative Expenses$25,375AdministrativeExpensesAmt
End Year Balance$4,306,304EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,781,951BeginningYearBalanceAmt
Contributions$1,777,431ContributionsAmt
Investment Earnings Or Losses$5,093InvestmentEarningsOrLossesAmt
Other Expenditures$10,235OtherExpendituresAmt
End Year Balance$3,554,240EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.35510BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.02290PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.62200TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,469OtherCostOrOtherBasisAmt
Depreciation$3,469DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,527,640TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$506,655NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$111,660DonatedServicesAndUseFcltsAmt
Revenue Not Reported$618,315RevenueNotReportedAmt
Revenue Subtotal$1,909,325RevenueSubtotalAmt
Investment Expenses Not Incld$16,474InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$16,474RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,925,799TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,917,375TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$111,660DonatedServicesUseFcltsAmt
Expenses Not Reported$111,660ExpensesNotReportedAmt
Expenses Subtotal$1,805,715ExpensesSubtotalAmt
Investment Expenses Not Incld2$16,474InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$16,474ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,822,189TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:SFA'S ENDOWMENT CONSISTS OF VARIOUS FUNDS ESTABLISHED TO PROVIDE SCHOLARSHIPS TO QUALIFYING STUDENTS. SFA'S ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS, INCOME ON THOSE FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS.
PART X, LINE 2:SFA BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN INCOME TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GALAEvent1Nm
Gross Receipts Event1$494,045GrossReceiptsEvent1Amt
Charitable Contri Event1$355,316CharitableContriEvent1Amt
Gross Revenue Event1$138,729GrossRevenueEvent1Amt
Rent Facility Costs Event1$3,252RentFacilityCostsEvent1Amt
Food And Beverage Event1$95,736FoodAndBeverageEvent1Amt
Entertainment Event1$26,598EntertainmentEvent1Amt
Other Direct Expenses Event1$13,143OtherDirectExpensesEvent1Amt
Gross Receipts Total$494,045GrossReceiptsTotalAmt
Charitable Contributions Tot$355,316CharitableContributionsTotAmt
Gross Revenue Total Events$138,729GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$3,252RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$95,736FoodAndBeverageTotalEventsAmt
Entertainment Total Events$26,598EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$13,143OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$138,729DirectExpenseSummaryEventsAmt
Net Income Summary$0NetIncomeSummaryAmt

Gaming Information GamingInformationGrp

FieldValueIRS element (for citing)
Gross Revenue Other Gaming$70,500GrossRevenueOtherGamingAmt
Cash Prizes Other Gaming$25,000CashPrizesOtherGamingAmt
Volunteer Labor Other Gaming0VolunteerLaborOtherGamingInd
Gross Revenue Total Gaming$70,500GrossRevenueTotalGamingAmt
Cash Prizes Total Gaming$25,000CashPrizesTotalGamingAmt
Direct Expense Summary Gaming$25,000DirectExpenseSummaryGamingAmt
Net Gaming Income Summary$45,500NetGamingIncomeSummaryAmt
FieldValueIRS element (for citing)
States Where Gaming ConductedVAStatesWhereGamingConductedCd
LicensedYes (1)LicensedInd
License Suspended Etc0LicenseSuspendedEtcInd
Gaming With NonmembersYes (1)GamingWithNonmembersInd
Member Of Other Entity0MemberOfOtherEntityInd
Gaming Other Facility1.00000GamingOtherFacilityPct

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1THE SCHOLARSHIP FUND OF ALEXANDRIABusinessNameLine1Txt

Persons With Books US Address PersonsWithBooksUSAddress

FieldValueIRS element (for citing)
Address Line13330 KING STREETAddressLine1Txt
CityALEXANDRIACityNm
State AbbreviationVAStateAbbreviationCd
ZIP22302ZIPCd
FieldValueIRS element (for citing)
Cntrct With3rd Prty For Game Rev0CntrctWith3rdPrtyForGameRevInd
Gaming Manager PersonJASMINE MILONE EXECUTIVE DIRECTORGamingManagerPersonNm
Gaming Manager Services ProvOVERSEES MANAGEMENT AND REPORTING OF THE EVENT AS PART OF HER JOB RESPONSIBILTIES.GamingManagerServicesProvTxt
Gaming Manager Is Director OfcrYes (X)GamingManagerIsDirectorOfcrInd
Charitable Distribution RqrYes (1)CharitableDistributionRqrInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS AND RENEWAL AWARDS TO QUALIFIED GRADUATES OF THE ALEXANDRIA CITY PUBLIC SCHOOLS TO ATTEND ACCREDITED COLLEGES, UNIVERSITIES, COMMUNITY COLLEGES AND CAREER SCHOOLS. CASH GRANT AMOUNT IS NET OF FORFEITED SCHOLARSHIPS.GrantTypeTxt
Recipient479RecipientCnt
Cash Grant$1,349,234CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSFA VERIFIES ENROLLMENT FOR EACH RECIPIENT. WHEN RENEWAL APPLICATIONS ARE SUBMITTED, THEY ARE REQUIRED TO BE ACCOMPANIED BY TRANSCRIPTS AND AWARD LETTERS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
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 ReferenceCOMPENSATION FROM UNRELATED ORGANIZATIONFormAndLineReferenceDesc
ExplanationTHE EXECUTIVE DIRECTOR IS PAID BY ALEXANDRIA CITY PUBLIC SCHOOLS FOR SERVICES RENDERED TO SFA. 50% OF HER COMPENSATION AND BENEFITS IS TREATED AS SERVICES DONATED TO SFA. THE VALUE OF THE DONATED SERVICES ARE ESTIMATED AT $76,345.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 4ATHE SCHOLARSHIP FUND OF ALEXANDRIA AWARDED 207 NEW SCHOLARSHIPS TO ALEXANDRIA CITY HIGH SCHOOL CLASS OF 2023 GRADUATING SENIORS, AND AWARDED 272 RENEWAL SCHOLARSHIPS TO QUALIFIED PREVIOUS AWARDEES TO CONTINUE AND COMPLETE THEIR HIGHER EDUCATION. THE SFA ALSO PROVIDE COLLEGE ADVISING AND FINANCIAL AID ADVISING TO MORE THAN 4,000 STUDENTS IN GRADES 9-12 IN 2023 AND TO THOSE ACHS GRADUATES STILL IN COLLEGE. DIRECT SERVICES ARE PROVIDED THROUGH ONE-ON-ONE MEETINGS, SMALL GROUP AND CLASSROOM PRESENTATIONS, PROGRAMS AND WORKSHOPS FOR FAMILIES, RESPONSIVE TEXTING PLATFORM INTERACTIONS AND MONTHLY SCHOLARSHIP NEWSLETTER E-MAILS. EXAMPLES OF PROGRAMMING INCLUDE FAFSA COMPLETION WORKSHOPS, TRANSITION TO HIGH SCHOOL PLANNING NIGHTS, ALUMNI PANELS AND WORKING WITH CURRENT SENIORS TO NAVIGATE AND SUPPORT NOMINATIONS FOR NATIONAL SCHOLARSHIP PROGRAMS. THE SFA CONTINUES TO PROVIDE ACCESS TO STUDENTS AT ACHS, AND INCREASE RETENTION AMONG RECIPIENTS.
FORM 990, PART VI, SECTION B, LINE 11BTHE DIRECTOR WILL PROVIDE FORM 990 TO THE MEMBERSHIP OF THE BOARD OF TRUSTEES AT LEAST TWO WEEKS PRIOR TO THE SUBMISSION DEADLINE. BOARD MEMBERS WILL HAVE A MINIMUM OF TEN DAYS TO REVIEW THE DOCUMENT AND TO OFFER COMMENTS BEFORE IT IS FILED WITH THE IRS. IF THERE ARE COMMENTS, FORM 990 WILL BE SUMITTED TO THE FINANCE COMMITTEE FOR CONSIDERATION.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS DISCUSSED EACH YEAR BY THE BOARD OF TRUSTEES. TRUSTEES ARE REQUIRED TO SIGN A STATEMENT ACKNOWLEDGING THE POLICY ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15ATHE EXECUTIVE DIRECTOR IS PAID BY ALEXANDRIA CITY PUBLIC SCHOOLS AND HER SERVICES ARE DONATED TO THE ORGANIZAITON. THE COMPENSATION LEVEL IS DETERMINED BY THE OFFICE OF HUMAN RESOURCES OF ALEXANDRIA CITY PUBLIC SCHOOLS IN ACCORDANCE WITH PROCEDURES THAT ADHERE TO STANDARDS AND PRACTICES OF EQUITY IN COMPENSATION FOR DUTIES PERFORMED, CLASSIFICATIONS, LICENSURE, AND OTHER CONTRACTUAL STANDARDS, (INCLUDING CONSIDERATION OF JOB RESPONSIBILITIES, AND COMPARABLE SALARIES) AS DIRECTED BY THE SCHOOL BOARD OF THE CITY OF ALEXANDRIA.
FORM 990, PART VI, SECTION C, LINE 19SFA'S DOCUMENTS ARE AVAILABLE UPON REQUEST.