STRATEGY STUDIO / PUBLIC DATA EXPLORER

COLLEGEREADY INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
COLLEGEREADY INC (EIN 39-1044089)
Tax period
2013-09-01 to 2014-08-31
Filed
2015-01-22
IRS object ID
201540229349300624
Schema version
2013v4.0
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

FieldValueIRS element (for citing)
Return2015-01-22T11:15:51-06:00ReturnTs
Tax Period End2014-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN391173131PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHENCK SCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 23819AddressLine1
CityGREEN BAYCity
StateWIState
ZIP Code543053819ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN391044089EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SCHOLARSHIPS INCORPORATEDBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlSCHOBusinessNameControlTxt
Phone9208569088PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12301 RIVERSIDE DRIVEAddressLine1
CityGREEN BAYCity
StateWIState
ZIP Code54301ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLORRI CISLERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9205698411PhoneNum
Signature2014-12-23SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS L KARMANPreparerPersonNm
PTINP00239197PTIN
Phone9204367800PhoneNum
Preparation2014-12-22PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLORRI CISLERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12301 RIVERSIDE DRIVEAddressLine1
CityGREEN BAYCity
StateWIState
ZIP Code54301ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$3,084,180GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SCHOLARSHIPSINC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1962FormationYr
Legal Domicile StateWILegalDomicileStateCd
Activity Or MissionSCHOLARSHIPS, 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 Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee7TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$587,603PYContributionsGrantsAmt
CY Contributions Grants$677,251CYContributionsGrantsAmt
PY Program Service Revenue$10,520PYProgramServiceRevenueAmt
CY Program Service Revenue$13,260CYProgramServiceRevenueAmt
PY Investment Income$314,209PYInvestmentIncomeAmt
CY Investment Income$508,315CYInvestmentIncomeAmt
PY Other Revenue-$14,532PYOtherRevenueAmt
CY Other Revenue-$32,005CYOtherRevenueAmt
PY Total Revenue$897,800PYTotalRevenueAmt
CY Total Revenue$1,166,821CYTotalRevenueAmt
PY Grants And Similar Paid$414,400PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$464,125CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$174,831PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$209,633CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$31,486CYTotalFundraisingExpenseAmt
PY Other Expenses$107,030PYOtherExpensesAmt
CY Other Expenses$115,702CYOtherExpensesAmt
PY Total Expenses$696,261PYTotalExpensesAmt
CY Total Expenses$789,460CYTotalExpensesAmt
PY Revenues Less Expenses$201,539PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$377,361CYRevenuesLessExpensesAmt
Total Assets BOY$7,973,526TotalAssetsBOYAmt
Total Assets EOY$9,320,908TotalAssetsEOYAmt
Total Liabilities BOY$189,242TotalLiabilitiesBOYAmt
Total Liabilities EOY$574,774TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,784,284NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,746,134NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSCHOLARSHIPS, 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 SrvcYes (1)SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
Expense$618,408ExpenseAmt
Grant$464,125GrantAmt
Revenue$13,260RevenueAmt
DescTHROUGH SCHOLARSHIPS AND COLLEGE READINESS PROGRAMMING, SCHOLARSHIPS, INC. PROVIDES FINANCIAL ASSISTANCE AND ENCOURAGEMENT TO LOCAL STUDENTS AS THEY EXPLORE HIGHER EDUCATION OPPORTUNITIES. THE ORGANIZATION IS A 501(C)(3) NON-PROFIT, FUNDED BY FORWARD-THINKING DONORS AND SUPPORTED BY A DIVERSE GROUP OF COMMUNITY VOLUNTEERS. SCHOLARSHIPS, INC. ATTRACTS, ADMINISTERS, AND DISTRIBUTES FINANCIAL CONTRIBUTIONS TO QUALIFIED AND WORTHY STUDENTS WHO SEEK A COLLEGE EDUCATION, AND PROVIDES PROGRAMMING THAT ENCOURAGES EDUCATIONAL ATTAINMENT AND PERSONAL GROWTH OF AREA STUDENTS.SCHOLARSHIPS AWARDED BY SCHOLARSHIPS, INC. ARE BASED ON FINANCIAL NEED AND SERIOUS CONSIDERATION IS ALSO GIVEN TO ACADEMICS, COMMUNITY SERVICE, LEADERSHIP, AND CO-CURRICULARS. IN 2014, THE ORGANIZATION AWARDED $697,000 TO AREA STUDENTS. THE NEW SCHOLARS PROGRAM ENCOURAGES FIRST-GENERATION, COLLEGE BOUND STUDENTS TO PREPARE FOR AND PERSEVERE THROUGH THE COLLEGE-GOING PROCESS STARTING IN SIXTH GRADE.Desc
Total Program Service Expenses$618,408TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee7EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOANNE ANGELIBusinessNameLine1
FieldValueIRS element (for citing)
Phone9208569088PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12301 RIVERSIDE DRIVEAddressLine1
CityGREEN BAYCity
StateWIState
ZIP Code54301ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LORRI CISLER
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
DIANE LIEBMANN
VICE PRESIDENT2.00Yes (X)Yes (X)$0$0$0
MARK FISCHER
TREASURER2.00Yes (X)Yes (X)$0$0$0
JULIA WALLACE
SECRETARY1.00Yes (X)Yes (X)$0$0$0
TERESA BRAY
BOARD MEMBER1.00Yes (X)$0$0$0
HEIDI RADISH
BOARD MEMBER1.00Yes (X)$0$0$0
ELAINE WAGNER
BOARD MEMBER1.00Yes (X)$0$0$0
DEBORAH VANDYK
BOARD MEMBER1.00Yes (X)$0$0$0
MICHELLE MCKINNON
BOARD MEMBER1.00Yes (X)$0$0$0
GISELLE SIMONS
BOARD MEMBER1.00Yes (X)$0$0$0
JOANNE ANGELI
CEO40.00Yes (X)$87,397$0$13,643
FieldValueIRS element (for citing)
Total Reportable Comp From Org$87,397TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$13,643TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$56,175FundraisingAmt
All Other Contributions$621,076AllOtherContributionsAmt
Noncash Contributions$8,580NoncashContributionsAmt
Total Contributions$677,251TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescADMINISTRATIVE FEESDesc
Business611710BusinessCd
Total Revenue Column$13,260TotalRevenueColumnAmt
Related Or Exempt Func Income$13,260RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$13,260TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$114,797TotalRevenueColumnAmt
Exclusion$114,797ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,274,273SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,878,421SecuritiesAmt
Other$2,334OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$395,852SecuritiesAmt
Other-$2,334OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$393,518TotalRevenueColumnAmt
Exclusion$393,518ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$4,595FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$56,175ContriRptFundraisingEventAmt
Fundraising Direct Expenses$36,604FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$32,009TotalRevenueColumnAmt
Exclusion-$32,009ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHERDesc
Business611710BusinessCd
Total Revenue Column$4TotalRevenueColumnAmt
Exclusion$4ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$4OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,166,821TotalRevenueColumnAmt
Related Or Exempt Func Income$13,260RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$476,310ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$464,125TotalAmt
Program Services$464,125ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$107,217TotalAmt
Program Services$45,684ProgramServicesAmt
Management And General$41,072ManagementAndGeneralAmt
Fundraising$20,461FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$78,333TotalAmt
Program Services$66,631ProgramServicesAmt
Management And General$8,508ManagementAndGeneralAmt
Fundraising$3,194FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$11,421TotalAmt
Program Services$6,910ProgramServicesAmt
Management And General$3,049ManagementAndGeneralAmt
Fundraising$1,462FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$12,662TotalAmt
Program Services$7,660ProgramServicesAmt
Management And General$3,381ManagementAndGeneralAmt
Fundraising$1,621FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$6,500TotalAmt
Management And General$6,500ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$8,135TotalAmt
Management And General$8,135ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$45,007TotalAmt
Management And General$45,007ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$205TotalAmt
Program Services$205ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,965TotalAmt
Program Services$2,681ProgramServicesAmt
Fundraising$1,284FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$23,676TotalAmt
Program Services$15,241ProgramServicesAmt
Management And General$6,576ManagementAndGeneralAmt
Fundraising$1,859FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$10,408TotalAmt
Program Services$4,163ProgramServicesAmt
Management And General$5,204ManagementAndGeneralAmt
Fundraising$1,041FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,154TotalAmt
Program Services$2,999ProgramServicesAmt
Management And General$2,040ManagementAndGeneralAmt
Fundraising$115FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,050TotalAmt
Program Services$449ProgramServicesAmt
Management And General$4,152ManagementAndGeneralAmt
Fundraising$449FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,516TotalAmt
Management And General$1,516ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Total$6,086TotalAmt
Program Services$1,660ProgramServicesAmt
Management And General$4,426ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$789,460TotalAmt
Program Services$618,408ProgramServicesAmt
Management And General$139,566ManagementAndGeneralAmt
Fundraising$31,486FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$44,803BOYAmt
EOY$52,126EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$63,088BOYAmt
EOY$385,564EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$42,250BOYAmt
EOY$5,260EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$8,005BOYAmt
EOY$7,837EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,805LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,413LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,207BOYAmt
EOY$6,392EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$6,937,176BOYAmt
EOY$7,914,365EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$869,853BOYAmt
EOY$947,933EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,144BOYAmt
EOY$1,431EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,973,526BOYAmt
EOY$9,320,908EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,224BOYAmt
EOY$7,456EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$32,050BOYAmt
EOY$343,100EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$152,968BOYAmt
EOY$224,218EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$189,242BOYAmt
EOY$574,774EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,977,037BOYAmt
EOY$6,797,800EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$937,394BOYAmt
EOY$1,000,401EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$869,853BOYAmt
EOY$947,933EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,784,284BOYAmt
EOY$8,746,134EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,973,526BOYAmt
EOY$9,320,908EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$377,361ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$584,489NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$196,610CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$201,245CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$866,982CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$587,603CurrentTaxYearMinus1YearAmt
Current Tax Year$677,251CurrentTaxYearAmt
Total$2,529,691TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$196,610CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$201,245CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$866,982CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$587,603CurrentTaxYearMinus1YearAmt
Current Tax Year$677,251CurrentTaxYearAmt
Total$2,529,691TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,061,867SubstantialContributorsTotAmt
Public Support Total170$1,467,824PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$154,974CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$252,297CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$71,514CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$138,548CurrentTaxYearMinus1YearAmt
Current Tax Year$114,797CurrentTaxYearAmt
Total$732,130TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$209CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$261CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3CurrentTaxYearMinus1YearAmt
Current Tax Year$4CurrentTaxYearAmt
Total$487TotalAmt
FieldValueIRS element (for citing)
Total Support$3,262,308TotalSupportAmt
Gross Receipts Rltd Activities$65,878GrossReceiptsRltdActivitiesAmt
Public Support CY1700.44990PublicSupportCY170Pct
Public Support PY1700.47320PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,805OtherCostOrOtherBasisAmt
Depreciation$3,413DepreciationAmt
Book Value$6,392BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,392TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescBENEFICIAL INTEREST IN IRREVOCABLE TRUSTDesc
Book Value$947,933BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$947,933TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,747,613TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$584,489NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$4,706DonatedServicesAndUseFcltsAmt
Other Revenue$36,604OtherRevenueAmt
Revenue Not Reported$625,799RevenueNotReportedAmt
Revenue Subtotal$1,121,814RevenueSubtotalAmt
Investment Expenses Not Incld$45,007InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$45,007RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,166,821TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$785,763TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$4,706DonatedServicesUseFcltsAmt
Other Expenses Included$36,604OtherExpensesIncludedAmt
Expenses Not Reported$41,310ExpensesNotReportedAmt
Expenses Subtotal$744,453ExpensesSubtotalAmt
Investment Expenses Not Incld2$45,007InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$45,007ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$789,460TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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, 2014. 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 EXPENSE 36604.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSE 36604.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Name Of Event1LAMP OF KNOWLEDGENameOfEvent1Amt
Gross Receipts Event1$60,770GrossReceiptsEvent1Amt
Charitable Contri Event1$56,175CharitableContriEvent1Amt
Gross Revenue Event1$4,595GrossRevenueEvent1Amt
Food And Beverage Event1$10,641FoodAndBeverageEvent1Amt
Entertainment Event1$12,000EntertainmentEvent1Amt
Other Direct Expenses Event1$13,963OtherDirectExpensesEvent1Amt
Gross Receipts Total$60,770GrossReceiptsTotalAmt
Charitable Contributions Tot$56,175CharitableContributionsTotAmt
Gross Revenue Total Events$4,595GrossRevenueTotalEventsAmt
Food And Beverage Total Events$10,641FoodAndBeverageTotalEventsAmt
Entertainment Total Events$12,000EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$13,963OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$36,604DirectExpenseSummaryEventsAmt
Net Income Summary-$32,009NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient290RecipientCnt
Cash Grant$464,125CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationVERIFICATION OF BUDGETED AMOUNTS TO ACTUAL AS WELL AS FINANCE COMMITTEE OVERSIGHT.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 2SCHOLARSHIPS, INC. LAUNCHED THE NEW SCHOLARS COLLEGE READINESS PROGRAM IN AUGUST 2014. NEW SCHOLARS IS A PROGRAM OF SCHOLARSHIPS, INC. THAT SUPPORTS AREA STUDENTS ON THEIR PATH TO HIGHER EDUCATION BY BECOMING COLLEGE SUCCESS AND SCHOLARSHIP READY. THIS PILOT PROGRAM IS CREATED TO INSPIRE GROWTH AND ENCOURAGE MIDDLE SCHOOL STUDENTS TO DEVELOP THEIR FULL POTENTIAL BY ENGAGING THEM IN ACTIVITIES THAT WILL COMPLEMENT THE REGULAR SCHOOL DAY. NEW SCHOLARS SETS ITSELF APART FROM OTHER COLLEGE READINESS PROGRAMS IN THE AREA BY OFFERING AN INCENTIVE-BASED SCHOLARSHIP, ACTIVE PARENT PARTICIPATION, AND A 7 1/2-YEAR COMMITMENT TO THE STUDENT. THE PURPOSE OF THE COLLEGE READINESS PROGRAM IS TO HELP STUDENTS WITH FINANCIAL NEED BECOME COLLEGE SUCCESS AND SCHOLARSHIP READY. 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.
FORM 990, PART III, LINE 3A NEW FORMULA WAS IMPLEMENTED TO DETERMINE FINANCIAL NEED. THIS UPDATED PROCESS FOCUSES ON FUND DISTRIBUTION TO BE FOR THE MOST NEEDY OF STUDENT FROM THE APPLICANT POOL, WHILE STILL MAINTAINING THAT THOSE STUDENTS HAVE ALSO PUT THEIR BEST EFFORT FORWARD TOWARD ACADEMIC SUCCESS.
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 IS INITIALLY REVIEWED BY THE PRESIDENT AND TREASURER, AND THEN IT IS PRESENTED TO THE ENTIRE BOARD IN DRAFT FORM AT THE ANNUAL MEETING IN NOVEMBER.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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 15THE 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 19DOCUMENTS 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.