2020-03-25T14:57:30-05:00 2019-08-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 23819 GREEN BAY WI 54305 990 2018-09-01 391044089 SCHOLARSHIPS INCORPORATED SCHO 9208579088 715 SUPERIOR ROAD SUITE 102 GREEN BAY WI 54311 BENJAMIN HAYES BOARD TREASURER 9208579088 2020-03-23 1 WENDY MALLO P01250277 9204367800 2020-03-23 67.137.57.251 2020-03-23 15:08:53 CD P 08A19BA27D6E1667BD72E7594911BEF6CE06A07D 0065ADDDA5DFDFBC27BD9B2449714CD237AFA5BD 2018 2020-11-19 02:30:22Z X BRENT ROUBAL 715 SUPERIOR ROAD SUITE 102 GREEN BAY WI 54311 2225605 0 X WWW.SCHOLARSHIPSINC.ORG X 1962 WI TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. 13 13 11 80 0 0 286482 339704 2940 3000 626823 523454 -25643 -6817 890602 859341 457537 459450 0 0 344072 353198 0 0 44478 122717 145627 924326 958275 -33724 -98934 8837666 8379526 58507 63714 8779159 8315812 SCHOLARSHIPS, INCORPORATED IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. 0 0 621932 459450 3000 THE ORGANIZATION AWARDS SCHOLARSHIPS TO STUDENTS WHO HAVE ESTABLISHED FINANCIAL NEED AND HAVE DEMONSTRATED ACADEMIC ACHIEVEMENT BASED ON GPA, STANDARDIZED TEST SCORES, COURSE RIGOR, COMMUNITY INVOLVEMENT, LEADERSHIP AND EXTRA CURRICULAR ACTIVITIES. 234 STUDENTS WERE AWARDED SCHOLARSHIPS TOTALING $593,850 IN 2018-19. THROUGH OUR PROGRAMMING, THE ORGANIZATION HELPS READY STUDENTS FOR SCHOLARSHIP SUCCESS. THE OBJECTIVE OF OUR ACTIVITIES IS TO PROVIDE COACHING ON PREPARING FOR SCHOLARSHIPS SO WE HAVE THE BEST QUALIFIED APPLICANTS, AS WELL AS SHOWING THEM THE COMPONENTS OF A QUALITY EDUCATION. 128910 NEW SCHOLARS IS A COLLEGE READINESS PROGRAM FOCUSED ON ENCOURAGING AND PROVIDING OPPORTUNITIES FOR LOW-INCOME STUDENTS IN GREEN BAY WHO HAVE A DESIRE TO BE THE FIRST IN THEIR FAMILY TO GRADUATE FROM COLLEGE, BUT LACK THE UNDERSTANDING AND RESOURCES TO ATTEND. BEGINNING 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 WEEKLY STUDENT PROGRAMMING AFTER SCHOOL AND MONTHLY WORKSHOPS FOR PARENTS, PARTICIPANTS EARN UP TO A $5,000 SCHOLARSHIP AFTER SUCCESSFUL COMPLETION OF THE PROGRAM AS A HIGH SCHOOL GRADUATE. 750842 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 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 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 CHAD WIEGAND 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 GISELLE SIMONS BOARD MEMBER 1.00 X 0 0 0 BRENT ROUBAL EXECUTIVE DIRECTOR 40.00 X 92674 0 18221 JENNIFER TICE OPERATIONS DIRECTOR 40.00 X 55389 0 11354 148063 0 29575 0 0 0 0 0 66106 273598 400 339704 ADMINISTRATIVE FEES 611710 3000 3000 3000 154984 154984 1722909 1354439 368470 368470 368470 790 66106 11825 -11035 -11035 MISCELLANEOUS INCOME 900099 4218 4218 4218 859341 3000 0 516637 459450 459450 188490 66032 90201 32257 121779 119898 1881 22987 22631 356 19942 12563 5584 1795 4700 4700 8848 8848 35358 35358 138 138 3382 1946 1436 24185 16045 2952 5188 17079 13436 2815 828 17213 13686 2725 802 8306 6504 1351 451 3136 1757 1086 293 338 264 57 17 FOOD AND EVENTS 18844 16492 941 1411 4100 4100 958275 750842 162955 44478 135247 157359 110780 76608 24156 15560 0 4398 6365 0 0 338 0 7638583 7228506 922966 893543 1198 1585 8837666 8379526 12072 17379 1500 0 44935 46335 58507 63714 X 5118430 4633724 2607763 2588389 1052966 1093699 8779159 8315812 8837666 8379526 -98934 -364413 0 X 0 1 X 1 0 X 255872 626565 278422 285170 339704 1785733 255872 626565 278422 285170 339704 1785733 815946 969787 131019 121123 122996 140142 154984 670264 226 301 4218 4745 2460742 24890 0.39410 0.35640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 893543 F 893543 X 481112 -364413 9717 11825 -342871 823983 35358 35358 859341 944459 9717 11825 21542 922917 35358 35358 958275 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 11825. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 11825. LAMP OF KNOWLEDGE 66896 66106 790 874 9126 1825 66896 66106 790 874 9126 1825 11825 -11035 1 SCHOLARSHIPS PAID IN FISCAL YEAR 2019 234 459450 PART I, LINE 2: VERIFICATION OF BUDGETED AMOUNTS TO ACTUAL AS WELL AS FINANCE COMMITTEE OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE PRESIDENT AND TREASURER, AND THEN IT IS PRESENTED TO THE ENTIRE BOARD IN DRAFT FORM 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.