2019-06-17T15:06:09-05:00 2018-08-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 23819 GREEN BAY WI 543053819 990 2017-09-01 391044089 SCHOLARSHIPS INCORPORATED SCHO 9208579088 2301 RIVERSIDE DRIVE GREEN BAY WI 54301 MARK FISCHER BOARD TREASURER 9208579088 2019-05-14 1 WENDY MALLO P01250277 9204367800 2019-05-14 74.142.163.66 2019-05-14 06:32:00 CD P 5A9AB59DCB5716D5F0BD914F6F6658F6367813C3 95FD3CD324D7C6C558223E34BD2EF05BB0413D65 2017 2019-02-21 02:37:17Z BRENT ROUBAL 2301 RIVERSIDE DRIVE GREEN BAY WI 54301 2685707 0 X WWW.SCHOLARSHIPSINC.ORG X 1962 WI TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. 11 11 12 86 0 0 278422 285170 5500 2940 353627 626823 -33964 -27373 603585 887560 453425 457537 0 0 309354 344072 0 0 30486 121194 128861 883973 930470 -280388 -42910 9118202 8837666 401226 58507 8716976 8779159 SCHOLARSHIPS, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. 0 0 593356 457537 2940 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. 237 STUDENTS WERE AWARDED SCHOLARSHIPS TOTALING $601,250 IN 2017-18. THROUGH OUR PROGRAMMING, THE ORGANIZATION HELPS READY STUDENTS FOR SCHOLARSHIP SUCCESS. THE OBJECT 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. 142797 NEW SCHOLARS IS A COLLEGE READINESS PROGRAM FOCUSED ON ENHANCING READING, WRITING AND CHARACTER DEVELOPMENT AMONG UNDERSERVED AND WOULD-BE FIRST GENERATION COLLEGE STUDENTS. 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. IN ADDITION, STUDENTS CAN EARN UP TO A $5,000 SCHOLARSHIP AFTER SUCCESSFUL COMPLETION OF THE PROGRAM AS A HIGH SCHOOL GRADUATE. 736153 1 1 0 0 0 0 0 0 1 0 1 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 12 1 0 0 0 0 0 1 1 0 0 0 0 X 11 11 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 2301 RIVERSIDE DRIVE GREEN BAY WI 54301 GISELLE SIMONS PRESIDENT 2.00 X X 0 0 0 DEBBIE HELMLE VICE PRESIDENT 2.00 X X 0 0 0 MARK FISCHER TREASURER 2.00 X X 0 0 0 RONDA KINCHELOE SECRETARY 2.00 X X 0 0 0 TERESA BRAY BOARD MEMBER 1.00 X 0 0 0 CASSIDY HICKMAN BOARD MEMBER 1.00 X 0 0 0 HEIDI RADISH BOARD MEMBER 1.00 X 0 0 0 ANITA RESCH BOARD MEMBER 1.00 X 0 0 0 SUSAN SCHOENBERGER BOARD MEMBER 1.00 X 0 0 0 CLAIRE WILLIAMS BOARD MEMBER 1.00 X 0 0 0 LORA WARNER BOARD MEMBER 1.00 X 0 0 0 ELAINE WAGNER 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 BRENT ROUBAL EXECUTIVE DIRECTOR 40.00 X 90522 0 17927 JENNIFER TICE OPERATIONS DIRECTOR 40.00 X 53611 0 10515 144133 0 28442 0 0 0 0 0 62375 222795 2329 285170 ADMINISTRATIVE FEES 611710 2940 2940 2940 140142 140142 2256455 1769774 486681 486681 486681 1000 62375 28373 -27373 -27373 887560 2940 0 599450 457537 457537 180658 69719 86662 24277 121036 119159 1877 22617 14248 6559 1810 19761 12449 5731 1581 8702 8702 41466 41466 2701 1854 847 46417 40263 5070 1084 15924 12864 2448 612 6858 6637 166 55 2350 1423 707 220 771 771 MISCELLANEOUS 3672 3672 930470 736153 163831 30486 300423 135247 258416 110780 29656 24156 2400 0 12380 4398 9805 9467 1109 338 7612344 7638583 900595 922966 879 1198 9118202 8837666 18151 12072 302125 1500 80950 44935 401226 58507 X 6817275 5118430 999106 2607763 900595 1052966 8716976 8779159 9118202 8837666 -42910 105093 0 X 0 1 X 1 0 X 677251 255872 626565 278422 285170 2123280 677251 255872 626565 278422 285170 2123280 1141722 981558 114797 131019 121123 122996 140142 630077 4 226 301 531 2753888 35150 0.35640 0.43160 X 0 1 X 9805 9467 338 338 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 922966 F 922966 X 981021 105093 1461 28373 134927 846094 41466 41466 887560 918838 1461 28373 29834 889004 41466 41466 930470 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: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANZATION OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS ALSO EXEMPT FROM WISCONSIN INCOME TAXES. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN MANAGEMENT AND GENERAL EXPENSES, IF APPLICABLE. THE ORGANIZATION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES FOR THE YEAR ENDED AUGUST, 31 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 28373. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 28373. LAMP OF KNOWLEDGE 63375 62375 1000 12366 16007 63375 62375 1000 12366 16007 28373 -27373 1 SCHOLARSHIPS PAID IN FISCAL YEAR 2018 237 457537 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 ANNUALLY BY THE BOARD WITH EACH MEMBER ALSO SIGNING THE DOCUMENT TO ENSURE UNDERSTANDING AND COMPLIANCE. IF A BOARD MEMBER IS DETERMINED TO HAVE A CONFLICT OF INTEREST, HE OR SHE IS ASKED TO RECUSE HIMSELF OR HERSELF OF THE TOPIC AND LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE IF ANY ON, THE TRANSACTION OR ARRANGEMENT THAT HAS RESULTED IN THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE DATA FROM VARIOUS SOURCES INCLUDING COMPENSATION OF SIMILAR ORGANIZATIONS AND MAKES THEIR DETERMINATION FROM THERE. PERFORMANCE IS ALSO USED TO DETERMINE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.