2017-08-15T08:07:01-05:00 2016-09-30 753218994 JONES & MCINTYRE PLLC 6225 BRANDON AVENUE SUITE 307 SPRINGFIELD VA 22150 990 2015-10-01 200031464 THE SCHOLARSHIP FUND OF ALEXANDRIA SCHO 7038246730 3330 KING STREET ALEXANDRIA VA 22302 BRUCE JOHNSON TREASURER 7038246730 2017-08-15 1 LINDA D MCINTYRE P00048561 7038664500 2017-07-31 2015 2021-01-29 14:40:06Z BETH LOVAIN 3330 KING STREET ALEXANDRIA VA 22302 1203483 0 X WWW.ALEXSCHOLARSHIPFUND.ORG X 2002 VA TO AWARD POST-SECONDARY EDUCATION SCHOLARSHIPS TO GRADUATES OF TC WILLIAMS HIGH SCHOOL. 17 15 5 450 0 0 740825 852155 0 0 220117 175566 68800 69600 1029742 1097321 831123 837581 0 0 105318 131949 0 0 22655 66130 59987 1002571 1029517 27171 67804 3767818 4132791 11460 33977 3756358 4098814 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 961373 837581 SEE SCHEDULE O 961373 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 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 3 1 1 5 1 0 0 0 0 0 1 1 0 0 0 0 X 17 15 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 KATHY CONRAD CHAIR 1.00 X X 0 0 0 DEBRA L RAGGIO SECRETARY 1.00 X X 0 0 0 PETER COLARULLI VICE CHAIR 1.00 X X 0 0 0 DEBORAH ELLSWORTH TRUSTEE 1.00 X 0 0 0 ALBION C DICKSON TRUSTEE 1.00 X 0 0 0 MARK ANDERSON TRUSTEE 1.00 X 0 0 0 JOHN F LEARY TRUSTEE 1.00 X 0 0 0 PRISCILLA GOODWIN TRUSTEE 1.00 X 0 0 0 LAURA CASSIDY TRUSTEE 1.00 X 0 0 0 DWIGHT DUNTON TRUSTEE 1.00 X 0 0 0 JAMES HENSON SR TRUSTEE 1.00 X 0 0 0 JEAN KELLEHER TRUSTEE 1.00 X 0 0 0 DOUGLAS GARCIA TRUSTEE 1.00 X 0 0 0 SANDRA MURPHY TRUSTEE 1.00 X 0 0 0 ALVIN CRAWLEY EX OFFICIO TRUSTEE 1.00 X 0 0 0 BETH LOVAIN EXECUTIVE DIRECTOR 40.00 X X 0 0 0 0 0 0 0 0 0 1 0 10703 295329 546123 852155 175566 175566 81162 295329 81162 0 94600 25000 69600 69600 1097321 0 0 245166 837581 837581 119869 105679 9571 4619 2654 2310 247 97 9426 8331 737 358 17519 17519 4493 1184 3309 2500 2500 5311 2946 1857 508 3816 3816 BANK CHARGES 12916 4 7450 5462 SPECIAL EVENTS COSTS 12206 838 11368 SOFTWARE EXPENSE 983 983 PUBLICITY 243 243 1029517 961373 45489 22655 17563 -64 135131 62542 5400 5400 5795 5795 0 0 3609724 4064913 3767818 4132791 460 13477 11000 20500 11460 33977 X 3602468 3936221 21565 30268 132325 132325 3756358 4098814 3767818 4132791 67804 274652 0 X 0 1 X 1 0 X 862312 959882 795246 740825 852155 4210420 74834 84072 81494 80219 84312 404931 937146 1043954 876740 821044 936467 4615351 237777 4377574 78118 95214 147680 220117 175566 716695 5332046 0.82100 0.81250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 935514 15915 7212 944217 946780 -5034 6232 935514 857885 75000 20466 6571 946780 813736 40000 15163 11014 857885 810043 6000 2053 4360 813736 0.83000 0.14000 0.03000 0 0 5795 5795 0 0 X 1508084 274652 136111 410763 1097321 0 1097321 1165628 136111 136111 1029517 0 1029517 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 376491 295329 81162 747 58014 19630 2771 376491 295329 81162 747 58014 19630 2771 81162 0 94600 25000 0 94600 25000 25000 69600 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. 332 837581 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 $65,208. FORM 990, PART III, LINE 4A PROGRAM ACCOMPLISHMENTS FY2016 AWARDED 161 NEW SCHOLARSHIPS TO GRADUATES OF THE CLASS OF 2016 AND 171 RENEWAL SCHOLARSHIPS TO PREVIOUS AWARDEES TO CONTINUE THEIR HIGHER EDUCATION. PROVIDED COLLEGE ADVISING AND FINANCIAL AID ADVISING TO STUDENTS IN GRADES 6-12 AND COLLEGE. MIDDLE SCHOOL HIGHLIGHTS: 8-WK AFTER SCHOOL ASPIRE HIGHER PROGRAM FOR STUDENTS CONDUCTED IN FALL AND SPRING PLANNING NOW TO PAY FOR COLLEGE FOR FAMILIES TRANSITION TO HIGH SCHOOL PLANNING NIGHT FOR FAMILIES TC ALUMNI PANEL FOR FAMILIES WEEKLY PRESENCE AT MINNIE HOWARD HIGH SCHOOL HIGHLIGHTS: COLLEGE NIGHT VIRGINIA FOR FAMILIES 3 FAFSA COMPLETION WORKSHOPS FOR SENIORS- HIGHEST COMPLETION RATE IN LARGE-SIZED VA. HIGH SCHOOLS* COLLEGE SUCCESS WORKSHOPS FOR AWARDEES TEXTING PROGRAM FOR SENIOR ALUMNI HIGHLIGHTS: NETWORKING LUNCHEON FOR FIRST-SEMESTER COLLEGE STUDENTS TEXTING PROGRAM FOR NEW COLLEGE STUDENTS DIRECT SERVICE: STUDENT MEETINGS: 1,658 ONE-ON-ONE MEETINGS 1,726 STUDENTS REACHED THROUGH CLASSROOM PRESENTATIONS OR SMALL GROUP WORKSHOPS 465 PARENT MEETINGS ALUMNI MEETINGS: 249 IN-PERSON MEETINGS 194 TELEPHONE OR EMAIL INTERACTIONS 13 PARENT MEETINGS *OVERALL, STAFF HELPED INCREASE THE RATE OF FAFSA COMPLETION AT T.C. WILLIAMS BY 22.86% FROM 2013 TO 2016 LONG-TERM IMPACT INCREASED RATE OF POSTSECONDARY ENROLLMENT AT T.C. WILLIAMS BY 12% OVERALL AND BY 23% FOR ECONOMICALLY DISADVANTAGED STUDENTS FROM 2013 TO 2014 (2015 DATA FROM VIRGINIA DEPARTMENT OF EDUCATION NOT AVAILABLE UNTIL OCT.) O 74% OF 2014 GRADUATES ENROLLED IN 2 OR 4 YEAR POSTSECONDARY INSTITUTION WITHIN 16 MONTHS OF GRADUATING O 69% OF ECONOMICALLY DISADVANTAGED 2014 GRADUATES ENROLLED IN 2 OR 4 YEAR POSTSECONDARY INSTITUTION WITHIN 16 MONTHS OF GRADUATING O 66% OF 2013 GRADUATES ENROLLED IN 2 OR 4 YEAR POSTSECONDARY INSTITUTION WITHIN 16 MONTHS OF GRADUATING O 56% OF ECONOMICALLY DISADVANTAGED 2014 GRADUATES ENROLLED IN 2 OR 4 YEAR POSTSECONDARY INSTITUTION WITHIN 16 MONTHS OF GRADUATING FORM 990, PART VI, SECTION B, LINE 11 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.