2021-04-15T09:20:20-05:00 2020-08-31 410746749 CLIFTONLARSONALLEN LLP 2200 RIVERSIDE DRIVE GREEN BAY WI 54301 990 2019-09-01 391044089 SCHOLARSHIPS INCORPORATED SCHO 9208579088 715 SUPERIOR ROAD SUITE 102 GREEN BAY WI 54311 BENJAMIN HAYES BOARD TREASURER 9208579088 2021-04-14 1 WENDY MALLO P01250277 9204367800 2021-04-14 2019 2022-09-23 18:48:47Z BRENT ROUBAL 715 SUPERIOR ROAD SUITE 102 GREEN BAY WI 54311 7510137 0 X WWW.SCHOLARSHIPSINC.ORG X 1962 WI TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. 12 12 10 87 0 0 339704 444973 3000 3000 523454 377925 -6817 2892 859341 828790 459450 410650 0 0 353198 378636 0 0 44548 145627 145728 958275 935014 -98934 -106224 8379526 8979928 63714 127140 8315812 8852788 SCHOLARSHIPS, INCORPORATED IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. 0 0 589358 410650 3000 SCHOLARSHIPS - WE HELP DESERVING STUDENTS WITH FINANCIAL NEED MAKE THEIR COLLEGE DREAMS COME TRUE THROUGH SCHOLARSHIPS. THIS PAST YEAR WE SUPPORTED 191 LOCAL STUDENTS WITH AWARDS TOTALING $528,600. RECIPIENTS ARE SELECTED THROUGH A COMPREHENSIVE APPLICATION PROCESS WHICH EVALUATES THEIR ACADEMIC ACHIEVEMENT, COMMUNITY INVOLVEMENT, LEADERSHIP, AND PARTICIPATION IN EXTRACURRICULAR ACTIVITIES. IN ADDITION, WE COUNSEL ALL LOCAL HIGH SCHOOL SENIORS ON HOW TO FIND AND PREPARE FOR SCHOLARSHIP OPPORTUNITIES, AS WELL AS HELP THEM UNDERSTAND THE COMPONENTS OF A QUALITY POSTSECONDARY EDUCATION. 136292 COLLEGE READINESS - OUR NEW SCHOLARS PROGRAM HELPS AREA STUDENTS OVERCOME POVERTY WITH THE POWER OF EDUCATION. THROUGH OUR CURRICULUM, WHICH IS BUILT TO IMPROVE READING, WRITING, AND CHARACTER DEVELOPMENT, WE HELP LOW-INCOME STUDENTS BECOME THE FIRST IN THEIR FAMILY TO ATTEND AND GRADUATE FROM COLLEGE. STARTING IN 6TH GRADE AND CONTINUING THROUGH 12TH GRADE, WE HELP THESE STUDENTS ON THEIR PATH TO HIGHER EDUCATION AND PREPARE THEM FOR ACCEPTANCE INTO COLLEGE. THROUGH ACTIVE STUDENT AND PARENT PARTICIPATION, EACH NEW SCHOLAR CAN ALSO EARN UP TO A $5,000 SCHOLARSHIP UPON THEIR HIGH SCHOOL GRADUATION. 725650 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X JENNIFER TICE 9208579088 715 SUPERIOR ROAD SUITE 102 GREEN BAY WI 54311 DEBBIE HELMLE PRESIDENT 2.00 X X 0 0 0 MARK FISCHER VICE PRESIDENT 2.00 X X 0 0 0 RONDA KINCHELOE BOARD MEMBER 1.00 X 0 0 0 CASSIDY HICKMAN BOARD MEMBER 1.00 X 0 0 0 ANITA RESCH BOARD MEMBER 1.00 X 0 0 0 SUSAN SCHOENBERGER SECRETARY 2.00 X X 0 0 0 CLAIRE WILLIAMS BOARD MEMBER 1.00 X 0 0 0 LORA WARNER BOARD MEMBER 1.00 X 0 0 0 DAVID VAN STRATEN BOARD MEMBER 1.00 X 0 0 0 BENJAMIN HAYES TREASURER 2.00 X X 0 0 0 MIKE HOGAN BOARD MEMBER 1.00 X 0 0 0 HEATHER SEABORN BOARD MEMBER 1.00 X 0 0 0 CINDY ZUEGE BOARD MEMBER 1.00 X 0 0 0 BRENT ROUBAL EXECUTIVE DIRECTOR 40.00 X 95561 0 16901 JENNIFER TICE OPERATIONS DIRECTOR 40.00 X 55316 0 10277 150877 0 27178 0 0 0 0 0 56266 388707 444973 ADMINISTRATIVE FEES 611710 3000 3000 3000 151923 151923 6906149 6680147 226002 226002 226002 0 56266 1200 -1200 -1200 MISCELLANEOUS INCOME 900099 4092 4092 4092 828790 3000 0 380817 410650 410650 193812 67019 93234 33559 140007 138629 1378 22843 22614 229 21974 14063 5933 1978 32249 25800 4837 1612 9172 9172 37536 37536 36 36 988 284 53 651 14038 7788 1513 4737 19170 15652 2638 880 20556 16725 2873 958 2978 2897 61 20 1169 873 242 54 FOOD AND EVENTS 2786 2620 67 99 5050 5050 935014 725650 164816 44548 157359 25915 76608 559913 15560 2400 6365 6383 7228506 7446479 893543 936405 1585 2433 8379526 8979928 17379 21755 500 46335 46285 58600 63714 127140 X 4633724 5188686 3682088 3664102 8315812 8852788 8379526 8979928 -106224 643200 0 X 0 1 X 1 0 X 626565 278422 285170 339704 444973 1974834 626565 278422 285170 339704 444973 1974834 927246 1047588 121123 122996 140142 154984 151923 691168 301 4218 4092 8611 2674613 20180 0.39170 0.39410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2015 AMOUNT: $ 301. 2018 AMOUNT: $ 4218. 2019 AMOUNT: $ 4092. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 936405 F 936405 X 1435808 643200 154 1200 644554 791254 37536 37536 828790 898832 154 1200 1354 897478 37536 37536 935014 PART IV, LINE 2B: SCHOLARSHIPS INCORPORATED HAS AN AGENCY RELATIONSHIP WITH SEVERAL ORGANIZATIONS WHEREBY SCHOLARSHIPS INCORPORATED RECEIVES DONATIONS AND PAYS OUT SCHOLARSHIPS ON BEHALF OF THESE ORGANIZATIONS. SCHOLARSHIPS INCORPORATED RECEIVES ADMINISTRATIVE FEES FROM THESE ORGANIZATIONS FOR HANDLING THESE FUNDS FOR THEM. ALL REVENUES AND EXPENSES ARE REPORTED IN A FISCAL AGENCY LIABILITY ACCOUNT. PART X, LINE 2: SCHOLARSHIPS, INCORPORATED IS ORGANIZED AS A WISCONSIN NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTION 170(B)(1)(A), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER IRC SECTION 509(A)(3). THE ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. WE HAVE DETERMINED THAT THE ENTITY IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 1200. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 1200. LAMP OF KNOWLEDGE 56266 56266 1200 56266 56266 1200 1200 -1200 1 SCHOLARSHIPS PAID IN FISCAL YEAR 2020 191 410650 PART I, LINE 2: VERIFICATION OF BUDGETED AMOUNTS TO ACTUAL AS WELL AS FINANCE COMMITTEE OVERSIGHT. FORM 990, PART VI, SECTION A, LINE 4 CHANGES MADE TO THE BYLAWS ARE AS FOLLOWS: -DIRECTORS CAN EXCEED TERM LIMIT IF SERVING AS AN OFFICER IN LAST TERM -1ST & 2ND VICE PRESIDENTS COMBINED INTO A SINGULAR VICE PRESIDENT ROLE -OFFICER TERM LIMITS ESTABLISHED -PROGRAM COMMITTEE RENAMED TO NEW SCHOLARS COMMITTEE FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE TREASURER AND FINANCE COMMITTEE, AND THEN PRESENTED IN DRAFT FORM TO THE ENTIRE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED EACH YEAR BY ALL BOARD MEMBERS AND EACH MEMBER SIGNS THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL SALARY FOR THE EXECUTIVE DIRECTOR IS DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS BASED ON PERFORMANCE FACTORS AND COMPARABLE SALARIES FOR SIMILAR POSITIONS IN THE MARKET. THE COMPENSATION OF OTHER KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE DIRECTOR BASED ON PERFORMANCE AND ANTICIPATED BUDGETS WHICH ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. A LOCAL NON-PROFIT SURVEY IS USED FOR SALARY BENCHMARKS. OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS DO NOT RECEIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.