2016-03-24T12:17:01-05:00 2015-08-31 391173131 SCHENCK SC PO BOX 23819 GREEN BAY WI 543053819 990 2014-09-01 391044089 SCHOLARSHIPS INCORPORATED SCHO 9208579088 2301 RIVERSIDE DRIVE GREEN BAY WI 54301 ELAINE WAGNER PRESIDENT 9205698411 2016-03-15 1 THOMAS L KARMAN P00239197 9204367800 2016-03-15 2014 2016-08-17 19:52:53Z ELAINE WAGNER 2301 RIVERSIDE DRIVE GREEN BAY WI 54301 3104492 0 X WWW.SCHOLARSHIPSINC.ORG X 1962 WI SCHOLARSHIPS, INC. IS A NON-PROFIT ORGANIZATION WITH A MISSION OF ENCOURAGING AND INVESTING IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. 9 9 7 60 0 0 677251 255872 13260 7710 508315 470577 -32005 -28133 1166821 706026 464125 467674 0 0 209633 186988 0 0 22105 115702 129694 789460 784356 377361 -78330 9320908 8594469 574774 429446 8746134 8165023 SCHOLARSHIPS, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION. 0 0 601920 467674 7710 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. APPROXIMATELY 200 STUDENTS WERE AWARDED SCHOLARSHIPS TOTALLING $660,000 IN 2015. 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. 23901 NEW SCHOLARS, A SCHOLARSHIPS, INC. COLLEGE READINESS PROGRAM, INSPIRES GROWTH AND ENCOURAGES MIDDLE SCHOOL STUDENTS TO DEVELOP THEIR FULL POTENTIAL BY ENGAGING THEM IN ACTIVITIES THAT WILL COMPLEMENT THE REGULAR SCHOOL DAY AND PREPARE THEM FOR COLLEGE AND SCHOLARSHIP SUCCESS. NEW SCHOLARS SETS ITSELF APART FROM OTHER COLLEGE READINESS PROGRAMS IN THE AREA BY OFFERING AN INCENTIVE-BASED SCHOLARSHIP, ACTIVE PARENT PARTICIPATION AND LONG-TERM COMMITMENT TO THE STUDENT. THE PRIMARY OUTCOME WILL BE AN INCREASE IN THE NUMBER OF MODEST INCOME AND FIRST-GENERATION STUDENTS (TRADITIONALLY UNDER-REPRESENTED) WHO PURSUE AND COMPLETE A POST-SECONDARY DEGREE. IN 2015, NEW SCHOLARS SUCCESSFULLY COMPLETED ITS FIRST YEAR WITH ONE 6TH GRADE COHORT, AND LAUNCHED ITS SECOND YEAR WITH TWO COHORTS (6TH AND 7TH GRADERS). 625821 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 7 1 0 0 0 0 0 1 1 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 WI X JENNIFER TICE 9208579088 2301 RIVERSIDE DRIVE GREEN BAY WI 54301 ELAINE WAGNER PRESIDENT 2.00 X X 0 0 0 GISELLE SIMONS VICE PRESIDENT 2.00 X X 0 0 0 MARK FISCHER TREASURER 2.00 X X 0 0 0 JULIA WALLACE SECRETARY 1.00 X X 0 0 0 HEIDI RADISH BOARD MEMBER 1.00 X 0 0 0 LORRI CISLER BOARD MEMBER 1.00 X 0 0 0 MICHELE MCKINNON BOARD MEMBER 1.00 X 0 0 0 TERESA BRAY BOARD MEMBER 1.00 X 0 0 0 RYAN LAUGHLIN BOARD MEMBER 1.00 X 0 0 0 DIANE LIEBMANN FORMER VICE PRESIDENT 2.00 X X 0 0 0 JENNIFER TICE INTERIM EXECUTIVE DIRECTOR 40.00 X 45041 0 8492 JOANNE ANGELI EXECUTIVE DIRECTOR (FORMER) 40.00 X 94958 0 9407 139999 0 17899 0 0 0 0 0 39755 216117 13170 255872 ADMINISTRATIVE FEES 611710 7710 7710 7710 131019 131019 2707190 2367632 339558 339558 339558 2475 39755 30834 -28359 -28359 OTHER 611710 226 226 226 706026 7710 0 442444 467674 467674 132344 76058 39751 16535 37364 31322 6042 5845 3682 1578 585 11435 7204 3087 1144 8200 8200 44913 44913 9 9 1043 868 175 34521 27510 5496 1515 11533 4613 5767 1153 5632 3646 1872 114 7911 2766 4261 884 1854 1854 MISCELLANEOUS 14078 469 13609 784356 625821 136430 22105 52126 385564 443340 5260 26900 7837 11224 9805 5267 6392 4538 7914365 7237877 947933 868965 1431 1625 9320908 8594469 7456 11337 343100 316699 224218 101410 574774 429446 X 6797800 6349069 1000401 946989 947933 868965 8746134 8165023 9320908 8594469 -78330 -612530 109749 0 X X 0 1 X 1 0 X 201245 866982 587603 677251 255872 2588953 201245 866982 587603 677251 255872 2588953 1095996 1492957 252297 71514 138548 114797 131019 708175 10 261 3 4 226 504 3297632 59788 0.45270 0.44990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 9805 5267 4538 4538 BENEFICIAL INTEREST IN IRREVOCABLE TRUSTS 868965 F 868965 X 84882 -612530 5465 30834 -576231 661113 44913 44913 706026 775742 5465 30834 36299 739443 44913 44913 784356 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 ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). 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, 2015. THE ORGANIZATION'S FEDERAL RETURNS ARE SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THEY ARE FILED AND ITS STATE RETURNS ARE SUBJECT TO EXAMINATION GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 30834. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 30834. LAMP OF KNOWLEDGE 42230 39755 2475 5664 5500 19670 42230 39755 2475 5664 5500 19670 30834 -28359 1 SCHOLARSHIPS 298 467674 PART I, LINE 2: VERIFICATION OF BUDGETED AMOUNTS TO ACTUAL AS WELL AS FINANCE COMMITTEE OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 11 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.