2011-11-15T13:07:09-06:00 2011-06-30 ROSSLANGAN & MCKENDREE LLP 7900 WESTPARK DR STE T420 MCLEAN VA 22102 990 2010-07-01 200031464 THE SCHOLARSHIP FUND OF ALEXANDRIA SCHO 7038246730 3330 KING STREET ALEXANDRIA VA 22302 CYNTHIA M ANDERSON 7038246730 2011-11-17 1 KAREN L IOFFREDO 7038932660 X 2010 2016-02-24 21:20:13Z SUSAN D YOWELL 3330 KING STREET ALEXANDRIA VA 22302 1605443 0 X WWW.ALEXSCHOLARSHIPFUND.ORG X 2002 VA TO AWARD POST-SECONDARY EDUCATION SCHOLARSHIPS TO GRADUATES OF TC WILLIAMS HIGH SCHOOL. 21 19 2 450 0 0 960685 868898 0 0 6311 64423 30863 34977 997859 968298 684310 730537 0 0 58117 58338 0 0 17927 61655 45023 804082 833898 193777 134400 3200567 3805826 105129 130986 3095438 3674840 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 776180 730537 THE SCHOLARSHIP FUND OF ALEXANDRIA PROVIDES FINANCIAL AID ADVISING TO ALEXANDRIA STUDENTS AND THEIR FAMILIES AND ASSISTS THEM IN ACCESSING FEDERAL, STATE, INSTITUTIONAL AND PRIVATE FINANCIAL AID FOR HIGHER EDUCATION. THE FUND AWARDS SCHOLARSHIPS AND RENEWAL AWARDS TO QUALIFIED GRADUATES OF ALEXANDRIA CITY PUBLIC SCHOOLS TO ATTEND ACCREDITED COLLEGES AND UNIVERSITIES, COMMUNITY COLLEGES AND CAREER SCHOOLS. OVER THE PAST 25 YEARS THE FUND HAS AWARDED MORE THAN $7.3 MILLION IN SCHOLARSHIPS TO MORE THAN 3,400 ALEXANDRIA STUDENTS. IN FY 2011 THE FUND AWARDED FIRST-YEAR SCHOLARSHIPS TO 175 STUDENTS AND RENEWAL AWARDS TO 203 STUDENTS. THE FUND ADMINISTERED 11 FIRST-YEAR SCHOLARSHIPS AND 27 RENEWAL AWARDS FROM THE SAMUEL L. POWELL TRUST. SFA HOSTS FINANCIAL AID WORKSHOPS, FAFSA SUPER SATURDAYS AND PROMOTES EARLY AWARENESS FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS AND THEIR FAMILIES. 776180 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 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 0 1 4 1 1 2 1 0 0 0 0 0 1 1 0 0 0 0 X 21 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X SUSAN YOWELL PRESIDENT 7038246730 3330 KING STREET ALEXANDRIA VA 22302 X HON ARTHUR E SCHMALZ 1.00 X X 0 0 0 CYNTHIA M ANDERSON 1.00 X X 0 0 0 DEBORAH O WELLS 1.00 X 0 0 0 DEBRA L RAGGIO 1.00 X 0 0 0 DR MORTON SHERMAN 1.00 X 0 0 0 DWIGHT D DUNTON III 1.00 X 0 0 0 JEFFREY J MCQUILKIN 1.00 X X 0 0 0 JOHN F LEARY 1.00 X 0 0 0 KATHY P CONRAD 1.00 X 0 0 0 LINDSEY W VICK 1.00 X 0 0 0 M CATHARINE PUSKAR 1.00 X 0 0 0 MICAELA M JONES 1.00 X 0 0 0 MICHAEL A DIGGINS 1.00 X 0 0 0 MICHAEL B PORTERFIELD 1.00 X 0 0 0 PATRICIA A CORNELIO 1.00 X 0 0 0 SINDY M BENAVIDES 1.00 X 0 0 0 SUSAN D YOWELL 40.00 X X 0 0 0 SUZANNA KANG 1.00 X 0 0 0 TERESE F WILSON 1.00 X 0 0 0 TODD C SANDOZ 1.00 X 0 0 0 TRACY J RICKETT 1.00 X X 0 0 0 0 0 0 0 0 0 1 0 10984 423754 434160 3073 868898 62148 62148 528039 525764 2275 2275 2275 76458 423754 89051 -12593 -12593 69900 22330 47570 47570 968298 0 0 99400 730537 730537 54108 36283 4069 13756 4230 2772 357 1101 20665 4291 16374 2143 2143 4000 831 3169 1020 87 933 11036 665 8521 1850 1522 47 1475 550 550 778 204 287 287 3309 3309 833898 776180 39791 17927 153832 167596 922420 1088775 81790 3250 12000 12600 3450 3450 0 0 2030525 2533605 3200567 3805826 2924 1572 102205 129414 105129 130986 X 2958204 3531422 4909 11093 132325 132325 3095438 3674840 3200567 3805826 X 134400 445002 X X 0 1 1 X 0 X 514312 881158 943297 960685 848898 4148350 514312 881158 943297 960685 848898 4148350 974850 3173500 120370 175674 77503 62243 64423 500213 167 167 4648730 809147 0.68270 0.70150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 723513 99498 12968 810043 722417 53440 52344 723513 743650 -125898 104665 722417 0 0 3450 3450 0 0 EQUITY MUTUAL FUNDS 2533605 F 2533605 SCHOLARSHIPS PAYABLE 129414 129414 968298 833898 134400 445002 445002 579402 1573782 445002 145559 14923 605484 968298 0 968298 994380 145559 14923 160482 833898 0 833898 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: SFA RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE THAT IT HAS BEEN GRANTED AN EXEMPTION FROM FEDERAL INCOME TAXES AND THAT IT QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTIONS 501(C)(3) AND 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE (THE CODE). SFA HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(2) OF THE CODE. SFA BELIEVES THAT ITS OPERATIONS ARE CONSISTENT WITH THE NATURE OF ITS EXEMPTION GRANTED BY THE IRS. CERTAIN REVENUE OF ORGANIZATIONS LIKE SFA MAY BE TAXABLE AS UNRELATED BUSINESS INCOME. THERE IS NO LIABILITY FOR INCOME TAXES AND THERE ARE NO TEMPORARY DIFFERENCES RESULTING IN DEFERRED TAXES AS OF JUNE 30, 2011 AND 2010. SFA IS REQUIRED TO MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN INCOME TAX POSITIONS IT HAS TAKEN IN THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION OR EXPECTS TO TAKE ON AN INCOME TAX RETURN. SFA RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN INCOME TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAX AUTHORITIES. PRIOR YEAR INCOME TAX RETURNS MAY BE SUBJECT TO EXAMINATION IN VARIOUS TAX JURISDICTIONS, MOST OF WHICH DEFINE OPEN TAX YEARS AS THREE YEARS FROM THE LATER OF THE DUE DATE OF THE RETURN OR THE DATE THE RETURN WAS FILED. SFA HAS NOT RECORDED A LIABILITY FOR UNCERTAIN INCOME TAX POSITIONS FOR ANY OPEN TAX YEARS. GALA 389119 312661 76458 62758 13700 6295 TELETHON 111093 111093 166 5500 632 500212 423754 76458 62924 19200 6927 89051 -12593 69900 20000 2330 1 0.60000 69900 20000 2330 22330 47570 VA 1 0 1 0 0.00000 1.00000 THE SCHOLARSHIP FUND OF ALEXANDRIA 3330 KING STREET ALEXANDRIA VA 22302 0 SUSAN D YOWELL EXECUTIVE DIRECTOR OVERSEES MANAGEMENT AND REPORTING OF THE EVENT AS PART OF HER JOB RESPONSIBILITIES X 1 8990 1 SCHOLARSHIPS AND RENEWAL AWARDS TO QUALIFIED GRADUATES OF THE ALEXANDRIA CITY PUBLIC SCHOOLS TO ATTEND ACCREDITED COLLEGES, UNIVERSITIES, COMMUNITY COLLEGES AND CAREER SCHOOLS. 378 730537 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION 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 SUPPLEMENTAL INFORMATION PART III SUSAN YOWELL IS PAID BY ALEXANDRIA CITY PUBLIC SCHOOLS FOR SERVICES RENDERED TO SFA. HER SALARY IS TREATED AS SERVICES DONATED TO SFA. THE VALUE OF THE DONATED SERVICES ARE ESTIMATED AT $50,013. 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 HAVE 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 SUBMITTED 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 ORGANIZATION. 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 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST AND ON THE GUIDESTAR.ORG WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 445,002. AUDIT PROCEDURES PART XI, LINE 2B THE OVERSIGHT PROCESS HAS NOT CHANGED.