COLLEGEREADY INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- COLLEGEREADY INC (EIN 39-1044089)
- Tax period
- 2016-09-01 to 2017-08-31
- Filed
- 2017-12-22
- IRS object ID
- 201703569349300535
- Schema version
- 2016v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-12-22T16:33:16-06:00 | ReturnTs |
| Tax Period End | 2017-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 391173131 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHENCK SC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 23819 | AddressLine1Txt |
| City | GREEN BAY | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 543053819 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391044089 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHOLARSHIPS INCORPORATED | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SCHO | BusinessNameControlTxt |
| Phone | 9208579088 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2301 RIVERSIDE DRIVE | AddressLine1Txt |
| City | GREEN BAY | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54301 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GISELLE SIMONS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9205698411 | PhoneNum |
| Signature | 2017-11-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS L KARMAN | PreparerPersonNm |
| PTIN | P00239197 | PTIN |
| Phone | 9204367800 | PhoneNum |
| Preparation | 2017-11-16 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 74.142.163.66 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-22 | IPDt |
| IP Tm | 10:10:03 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | A1E3CE75D951098F5CF37418E507036188929F4F | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0F7EE604104F87D11B7D6FDBE49CDC5C23B9EA8A | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2018-03-14 21:41:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GISELLE SIMONS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2301 RIVERSIDE DRIVE | AddressLine1Txt |
| City | GREEN BAY | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,447,486 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SCHOLARSHIPSINC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1962 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | SCHOLARSHIPS, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 14 | TotalEmployeeCnt |
| Total Volunteers | 82 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $626,565 | PYContributionsGrantsAmt |
| CY Contributions Grants | $278,422 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,740 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,500 | CYProgramServiceRevenueAmt |
| PY Investment Income | $381,943 | PYInvestmentIncomeAmt |
| CY Investment Income | $353,627 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$32,698 | PYOtherRevenueAmt |
| CY Other Revenue | -$33,964 | CYOtherRevenueAmt |
| PY Total Revenue | $981,550 | PYTotalRevenueAmt |
| CY Total Revenue | $603,585 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $461,872 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $453,425 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $265,422 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $309,354 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $30,470 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $120,926 | PYOtherExpensesAmt |
| CY Other Expenses | $121,194 | CYOtherExpensesAmt |
| PY Total Expenses | $848,220 | PYTotalExpensesAmt |
| CY Total Expenses | $883,973 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $133,330 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$280,388 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,897,780 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,118,202 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $433,597 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $401,226 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,464,183 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $8,716,976 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SCHOLARSHIPS, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $585,569 | ExpenseAmt |
| Grant | $453,425 | GrantAmt |
| Revenue | $5,500 | RevenueAmt |
| Desc | 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. 204 STUDENTS WERE AWARDED SCHOLARSHIPS TOTALLING $664,000 IN 2016-17. 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $106,895 | ExpenseAmt |
| Desc | 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. THE PROGRAM BEGAN IN 2014 AND CURRENTLY HAS THREE COHORTS (6TH, 7TH & 8TH GRADES) IN OPERATION WITH A TOTAL OF 70 STUDENTS. WHEN THE PROGRAM BECOMES FULLY OPERATIONAL IN 2020 WE WILL HAVE SEVEN CONCURRENT COHORTS FROM 6TH THROUGH 12TH GRADE TOTALING ALMOST 200 STUDENTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $692,464 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 14 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JENNIFER TICE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9208579088 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2301 RIVERSIDE DRIVE | AddressLine1Txt |
| City | GREEN BAY | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 54301 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| GISELLE SIMONS | ||||||
| PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DEBBIE HELMLE | ||||||
| VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARK FISCHER | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| RONDA KINCHELOE | ||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| TERESA BRAY | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CASSIDY HICKMAN | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HEIDI RADISH | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ANITA RESCH | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SUSAN SCHOENBERGER | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CLAIRE WILLIAMS | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LORA WARNER | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ELAINE WAGNER | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LORRI CISLER | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RYAN LAUGHLIN | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MIKE STEARNEY | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BRENT ROUBAL | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $86,022 | $0 | $18,766 | |
| JENNIFER TICE | ||||||
| OPERATIONS DIRECTOR | 40.00 | Yes (X) | $52,256 | $0 | $11,242 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $138,278 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $30,008 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $58,000 | FundraisingAmt |
| All Other Contributions | $220,422 | AllOtherContributionsAmt |
| Noncash Contributions | $11,292 | NoncashContributionsAmt |
| Total Contributions | $278,422 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADMINISTRATIVE FEES | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $5,500 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,500 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,500 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $122,996 | TotalRevenueColumnAmt |
| Exclusion | $122,996 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,039,918 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,809,287 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $230,631 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $230,631 | TotalRevenueColumnAmt |
| Exclusion | $230,631 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $650 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $58,000 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $34,614 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$33,964 | TotalRevenueColumnAmt |
| Exclusion | -$33,964 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $603,585 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,500 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $319,663 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $453,425 | TotalAmt |
| Program Services | $453,425 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $179,549 | TotalAmt |
| Program Services | $69,074 | ProgramServicesAmt |
| Management And General | $86,269 | ManagementAndGeneralAmt |
| Fundraising | $24,206 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,900 | TotalAmt |
| Program Services | $92,036 | ProgramServicesAmt |
| Management And General | $1,864 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,844 | TotalAmt |
| Program Services | $11,118 | ProgramServicesAmt |
| Management And General | $6,030 | ManagementAndGeneralAmt |
| Fundraising | $1,696 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,061 | TotalAmt |
| Program Services | $10,066 | ProgramServicesAmt |
| Management And General | $5,460 | ManagementAndGeneralAmt |
| Fundraising | $1,535 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,651 | TotalAmt |
| Management And General | $8,651 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,078 | TotalAmt |
| Management And General | $39,078 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,040 | TotalAmt |
| Program Services | $2,191 | ProgramServicesAmt |
| Fundraising | $849 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,104 | TotalAmt |
| Program Services | $32,161 | ProgramServicesAmt |
| Management And General | $4,826 | ManagementAndGeneralAmt |
| Fundraising | $1,117 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,542 | TotalAmt |
| Program Services | $11,542 | ProgramServicesAmt |
| Management And General | $2,400 | ManagementAndGeneralAmt |
| Fundraising | $600 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,896 | TotalAmt |
| Program Services | $9,731 | ProgramServicesAmt |
| Management And General | $874 | ManagementAndGeneralAmt |
| Fundraising | $291 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,099 | TotalAmt |
| Program Services | $1,099 | ProgramServicesAmt |
| Management And General | $824 | ManagementAndGeneralAmt |
| Fundraising | $176 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,575 | TotalAmt |
| Management And General | $1,575 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Total | $3,209 | TotalAmt |
| Program Services | $21 | ProgramServicesAmt |
| Management And General | $3,188 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $883,973 | TotalAmt |
| Program Services | $692,464 | ProgramServicesAmt |
| Management And General | $161,039 | ManagementAndGeneralAmt |
| Fundraising | $30,470 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $341,892 | BOYAmt |
| EOY | $300,423 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $337,653 | BOYAmt |
| EOY | $258,416 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,500 | BOYAmt |
| EOY | $29,656 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,400 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,622 | BOYAmt |
| EOY | $12,380 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $9,805 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,696 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,684 | BOYAmt |
| EOY | $1,109 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,322,504 | BOYAmt |
| EOY | $7,612,344 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $853,415 | BOYAmt |
| EOY | $900,595 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $510 | BOYAmt |
| EOY | $879 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,897,780 | BOYAmt |
| EOY | $9,118,202 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,127 | BOYAmt |
| EOY | $18,151 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $332,060 | BOYAmt |
| EOY | $302,125 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,410 | BOYAmt |
| EOY | $80,950 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $433,597 | BOYAmt |
| EOY | $401,226 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,653,517 | BOYAmt |
| EOY | $6,817,275 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $957,251 | BOYAmt |
| EOY | $999,106 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $853,415 | BOYAmt |
| EOY | $900,595 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,464,183 | BOYAmt |
| EOY | $8,716,976 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,897,780 | BOYAmt |
| EOY | $9,118,202 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$280,388 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $533,181 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $587,603 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $677,251 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $255,872 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $626,565 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $278,422 | CurrentTaxYearAmt |
| Total | $2,425,713 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $587,603 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $677,251 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $255,872 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $626,565 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $278,422 | CurrentTaxYearAmt |
| Total | $2,425,713 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,107,140 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,318,573 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $138,548 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $114,797 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $131,019 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $121,123 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $122,996 | CurrentTaxYearAmt |
| Total | $628,483 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $226 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $301 | CurrentTaxYearMinus1YearAmt |
| Total | $534 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,054,730 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $42,730 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.43160 | PublicSupportCY170Pct |
| Public Support PY170 | 0.44870 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,805 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,696 | DepreciationAmt |
| Book Value | $1,109 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,109 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BENEFICIAL INTEREST IN IRREVOCABLE TRUSTS | Desc |
| Book Value | $900,595 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $900,595 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,133,623 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $533,181 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $1,321 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $34,614 | OtherRevenueAmt |
| Revenue Not Reported | $569,116 | RevenueNotReportedAmt |
| Revenue Subtotal | $564,507 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $39,078 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $39,078 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $603,585 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $880,830 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,321 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $34,614 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $35,935 | ExpensesNotReportedAmt |
| Expenses Subtotal | $844,895 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $39,078 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $39,078 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $883,973 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2017. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 34614. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 34614. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | LAMP OF KNOWLEDGE | Event1Nm |
| Gross Receipts Event1 | $58,650 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $58,000 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $650 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $19,553 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $15,061 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $58,650 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $58,000 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $650 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $19,553 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $15,061 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $34,614 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$33,964 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS PAID IN FY17 | GrantTypeTxt |
| Recipient | 204 | RecipientCnt |
| Cash Grant | $453,425 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | VERIFICATION OF BUDGETED AMOUNTS TO ACTUAL AS WELL AS FINANCE COMMITTEE OVERSIGHT. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 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. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR THE PROCESS USED TO SELECT AN INDEPENDENT ACCOUNTANT. |