2021-08-13T10:12:27-05:00 2020-09-30 753218994 JONES & MCINTYRE PLLC 6225 BRANDON AVENUE SUITE 307 SPRINGFIELD VA 22150 990 2019-10-01 200031464 THE SCHOLARSHIP FUND OF ALEXANDRIA SCHO 7038246730 3330 KING STREET ALEXANDRIA VA 22302 BRUCE JOHNSON TREASURER 7038246730 2021-08-13 1 LINDA D MCINTYRE CPA P00048561 7038664500 2021-08-13 2019 2022-09-23 18:48:47Z BETH LOVAIN 3330 KING STREET ALEXANDRIA VA 22302 1669832 0 X WWW.ALEXSCHOLARSHIPFUND.ORG X 2002 VA TO AWARD POST-SECONDARY EDUCATION SCHOLARSHIPS TO GRADUATES OF TC WILLIAMS HIGH SCHOOL. 19 18 8 200 0 0 959122 1382839 0 0 299963 190593 48100 71400 1307185 1644832 974775 1009023 0 0 155370 183328 0 0 55814 126515 111977 1256660 1304328 50525 340504 5928248 6529384 63363 172099 5864885 6357285 X THE 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. 0 0 1168847 1009023 SEE SCHEDULE O 1168847 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 8 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 7038246730 3330 KING STREET ALEXANDRIA VA 22302 X BRUCE E JOHNSON TREASURER 1.00 X X 0 0 0 PRISCILLA GOODWIN CHAIR 1.00 X X 0 0 0 MICHAEL CASEY VICE CHAIR 1.00 X X 0 0 0 DEBORAH ELLSWORTH SECRETARY 1.00 X X 0 0 0 MARK ANDERSON TRUSTEE 1.00 X 0 0 0 ALBION C DICKSON TRUSTEE 1.00 X 0 0 0 LOIS BERLIN TRUSTEE 1.00 X 0 0 0 LORRAINE REILLY TRUSTEE 1.00 X 0 0 0 SHANNON WATSON TRUSTEE 1.00 X 0 0 0 LAURA CASSIDY TRUSTEE 1.00 X 0 0 0 JEAN KELLEHER TRUSTEE 1.00 X 0 0 0 BETH LOVAIN EXECUTIVE DIRECTOR 40.00 X X 0 0 0 PAUL BRINKMAN TRUSTEE 1.00 X 0 0 0 ANDREW GARRAHAN TRUSTEE 1.00 X 0 0 0 ANGELA GREEN TRUSTEE 1.00 X 0 0 0 KEVIN JAHNS TRUSTEE 1.00 X 0 0 0 DANIEL MURRIN TRUSTEE 1.00 X 0 0 0 JESSE O'CONNELL TRUSTEE 1.00 X 0 0 0 KIMBERLY O'DONNELL TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 1 0 6704 362253 1013882 1382839 190593 190593 0 362253 0 0 96400 25000 71400 71400 1644832 0 0 261993 1009023 1009023 169380 96442 34158 38780 922 922 13026 7445 2609 2972 19927 19927 12378 12378 39374 39374 11565 6358 2813 2394 3363 3363 96 96 1347 1347 SPECIAL EVENTS COSTS 11118 161 10957 BANK CHARGES 7346 200 6435 711 SOFTWARE EXPENSE 5383 5383 PUBLICITY 80 80 1304328 1168847 79667 55814 427332 958411 350269 0 2035 66543 550 4500 3469 96 0 3373 5148062 5496557 5928248 6529384 6975 21804 56388 115295 0 35000 63363 172099 X 2310645 3646197 3554240 2711088 5864885 6357285 5928248 6529384 340504 151896 0 X 0 1 X 1 0 X 852155 1030705 1971698 959122 1454239 6267919 84312 86508 90443 90921 82633 434817 936467 1117213 2062141 1050043 1536872 6702736 705994 5996742 175566 165769 228672 299963 190593 1060563 7763299 0.77240 0.75310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3554240 1508204 111394 842159 25375 4306304 1781951 1777431 5093 10235 3554240 956578 822000 10614 7241 1781951 944217 19015 6654 956578 935514 15915 7212 944217 0.37040 0.03080 0.59880 0 0 3469 96 3373 3373 PAYCHECK PROTECTION LOAN 35000 35000 X 1912226 151896 127876 279772 1632454 12378 12378 1644832 1419826 127876 127876 1291950 12378 12378 1304328 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. SFA'S INCOME TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND OTHER STATE AND LOCAL TAXING AUTHORITIES FOR THREE YEARS AFTER THEY WERE FILED. GALA 362253 362253 362253 362253 96400 25000 0 96400 25000 25000 71400 VA 1 0 1 0 1.00000 THE SCHOLARSHIP FUND OF ALEXANDRIA 3330 KING STREET ALEXANDRIA VA 22302 0 BETH LOVAIN EXECUTIVE DIRECTOR OVERSEES MANAGEMENT AND REPORTING OF THE EVENT AS PART OF HER JOB RESPONSIBILTIES. X 1 1 SCHOLARSHIPS 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. 393 1009023 PART I, LINE 2: SFA VERIFIES ENROLLMENT FOR EACH RECIPIENT. WHEN RENEWAL APPLICATIONS ARE SUBMITTED, THEY ARE REQUIRED TO BE ACCOMPANIED BY TRANSCRIPTS AND AWARD LETTERS. 0 0 0 0 0 0 0 0 0 COMPENSATION FROM UNRELATED ORGANIZATION BETH LOVAIN, 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 $74,534. FORM 990, PART III, LINE 4A AWARDED 181 TO THE CLASS OF 2020 AND 212 RENEWAL SCHOLARSHIPS TO PREVIOUS AWARDEES TO CONTINUE AND COMPLETE THEIR HIGHER EDUCATION. PROVIDED COLLEGE ADVISING AND FINANCIAL AID ADVISING TO 7,000+ STUDENTS IN GRADES 6-12 AND THROUGHOUT COLLEGE. DIRECT SERVICES ARE PROVIDED THROUGH ONE-ON-ONE MEETINGS, SMALL GROUP AND CLASSROOM PRESENTATIONS, PROGRAMS AND WORKSHOPS FOR FAMILIES, RESPONSIVE TEXTING PLATFORM, AND MONTHLY SCHOLARSHIP EMAILS. EXAMPLES OF PROGRAMMING INCLUDE FAFSA COMPLETION WORKSHOPS, TRANSITION TO HIGH SCHOOL PLANNING NIGHT, ALUMNI PANELS, AND NOMINATION PROGRAM FOR NATIONAL COLLEGE SCHOLARSHIPS. FORM 990, PART VI, SECTION B, LINE 11B THE 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 HVE 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 12C THE 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 15A THE 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 19 SFA'S DOCUMENTS ARE AVAILABLE UPON REQUEST.