Civic Intelligence

Arete Scholars Fund Inc

EIN 27-2494520 • 501(c)3 • Suwanee, GA

View Organization Page

Profile

To help economically disadvantaged children discover and use their unique gifts and talents through educational opportunity.

500 Buford Hwy NESuwanee, GA 30024

www.aretescholars.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.02x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

49th percentile

3.8%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$329,771

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

55th percentile

5.9%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

0.4%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$10,897,213

Up $1,269,053 (+13%) from 2022

Liabilities

Up

$150,367

Up $130,232 (+647%) from 2022

Net Assets

Up

$10,746,846

Up $1,138,821 (+12%) from 2022

Operations
Liabilities / Revenue15th percentileNet Margin49th percentile

Revenue

Up

$6,203,850

Up $309,102 (+5.2%) from 2022

Expenses

Up

$5,969,993

Up $1,241,318 (+26%) from 2022

Net Income

Down

$233,857

Down $932,216 (-80%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $1,000,940Liabilities 2011: $38,696Net Assets 2011: $962,2442011Assets 2012: $939,724Liabilities 2012: $4,195Net Assets 2012: $935,5292012Assets 2013: $2,542,817Liabilities 2013: $944Net Assets 2013: $2,541,8732013Assets 2014: $1,897,839Liabilities 2014: $7,667Net Assets 2014: $1,890,1722014Assets 2015: $3,704,685Liabilities 2015: $950Net Assets 2015: $3,703,7352015Assets 2016: $6,349,891Liabilities 2016: $21,611Net Assets 2016: $6,328,2802016Assets 2017: $8,199,091Liabilities 2017: $0Net Assets 2017: $8,199,0912017Assets 2018: $8,117,418Liabilities 2018: $3,103Net Assets 2018: $8,114,3152018Assets 2019: $8,122,000Liabilities 2019: $10,585Net Assets 2019: $8,111,4152019Assets 2020: $8,687,569Liabilities 2020: $62,200Net Assets 2020: $8,625,3692020Assets 2022: $9,628,160Liabilities 2022: $20,135Net Assets 2022: $9,608,0252022Assets 2024: $10,897,213Liabilities 2024: $150,367Net Assets 2024: $10,746,8462024

Highlighted filing

2024

Assets$10,897,213
Liabilities$150,367
Net Assets$10,746,846
Open 2024 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,501,2282011Expenses 2012: $5,835,8512012Expenses 2013: $4,668,2122013Revenue 2014: $3,320,385Expenses 2014: $3,972,086Net Income 2014: -$651,7012014Revenue 2015: $3,498,981Expenses 2015: $1,685,418Net Income 2015: $1,813,5632015Revenue 2016: $4,943,966Expenses 2016: $2,319,421Net Income 2016: $2,624,5452016Revenue 2017: $5,239,311Expenses 2017: $3,368,500Net Income 2017: $1,870,8112017Revenue 2018: $4,174,109Expenses 2018: $4,258,885Net Income 2018: -$84,7762018Revenue 2019: $4,243,343Expenses 2019: $4,246,243Net Income 2019: -$2,9002019Revenue 2020: $4,599,543Expenses 2020: $4,085,589Net Income 2020: $513,9542020Revenue 2022: $5,894,748Expenses 2022: $4,728,675Net Income 2022: $1,166,0732022Revenue 2024: $6,203,850Expenses 2024: $5,969,993Net Income 2024: $233,8572024

Highlighted filing

2024

Revenue$6,203,850
Expenses$5,969,993
Net Income$233,857
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$10,897,213
Liabilities
$150,367
Net assets
$10,746,846
Revenue
$6,203,850
Expenses
$5,969,993
Net income
$233,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$0.15$10.7$6.20$5.97$0.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.63$0.02$9.61$5.89$4.73$1.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.69$0.06$8.63$4.60$4.09$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.12$0.01$8.11$4.24$4.25$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.12$0.00$8.11$4.17$4.26$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.20$0.00$8.20$5.24$3.37$1.87
2016Detailed filing. Detailed filing data is available for this year.$6.35$0.02$6.33$4.94$2.32$2.62
2015Detailed filing. Detailed filing data is available for this year.$3.70$0.00$3.70$3.50$1.69$1.81
2014Detailed filing. Detailed filing data is available for this year.$1.90$0.01$1.89$3.32$3.97$0.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.00$2.54$4.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.00$0.94$5.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.04$0.96$1.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 5, 2025
Return Version
2023v6.0
Gross Receipts
$6,203,850
Mission and Program Overview

Mission

To assist low-income students in reaching their highest potential through educational opportunity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,693,406$5,679,556▲ $986,150
Savings and Temporary Cash Investments$1,332,861$3,018,932▲ $1,686,071
Investments in Publicly Traded Securities$2,640,747$2,087,913▼ $552,834
Cash and Non-Interest-Bearing Accounts$1,569,897$108,894▼ $1,461,003
Accounts Receivable$53,404--
Prepaid Expenses and Deferred Charges$1,918$1,918→ $0
Total Assets$10,292,233$10,897,213▲ $604,980
Liabilities
Accounts Payable and Accrued Expenses$8,183$150,367▲ $142,184
Total Liabilities$8,183$150,367▲ $142,184
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,989,938$10,482,954▲ $493,016
Net Assets Without Donor Restrictions$294,112$263,892▼ $30,220
Total Net Assets Fund Balance$10,284,050$10,746,846▲ $462,796
Total Liabilities and Net Assets / Fund Balance$10,292,233$10,897,213▲ $604,980

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,630,781--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Arthur DuprePresidentFT$296,979$32,792$329,771
Arthur Dupre--$215,729$114,042$329,771

Board Members and Trustees

NameTitle
Gregory BeadlesBoard Chairman
Derek MonjureBoard Member
James SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$5,854,503
Program Service Revenue
$64,702
Investment Income
$284,645
Other Revenue
$0
All Other Contributions
$5,854,503
Change in Net Assets
$233,857

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,203,850
Revenue Not Reported on Form 990
$228,939
Total Revenue per Audited Statements
$6,432,789
Total Revenue per Form 990
$6,203,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,331,353
Salaries, Compensation, and Employee Benefits$442,202
Other Expenses$196,438
Total Fundraising Expense$128,375
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,331,353--$5,331,353
Comp Disqual Persons$152,247$52,782$49,150$254,179
Current Officers, Directors, Trustees, and Key Employees$68,064$5,672$39,704$113,440
Travel$28,646$11,273$11,553$51,472
Fees for Services Accounting$898$44,340$362$45,600
Other Employee Benefits$26,659$7,073$10,752$44,484
Office Expenses$20,932$6,507$2,708$30,147
Advertising$3,433$15,473$5,632$24,538
Payroll Taxes$11,455$3,039$4,620$19,114
Fees for Services Other$0$17,231$0$17,231
Depreciation Depletion$0$11,967$0$11,967
Pension Plan Contributions$6,583$1,747$2,655$10,985
Other Expenses$10,184$0$0$10,184
Information Technology$2,200$759$887$3,846
Occupancy$404$107$163$674
Total Functional Expenses$5,663,525$178,093$128,375$5,969,993

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,969,993
Total Expenses per Audited Statements$5,969,993
Total Expenses per Form 990$5,969,993
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Arete Scholars Fund Inc
EIN
27-2494520
Phone
4044557262
Address
500 Buford Hwy NE, Suwanee, GA 30024

Signing Officer

Name
Arthur Dupre
Title
President
Phone
4044557262
Signed
2025-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur Dupre
Formed
2010
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
3
Employees
5
Volunteers
0

Preparer

Firm
The Ijaz Group LLC
Address
12528 Yates Ford Rd, Clifton, VA 20124
Preparer
Ahsan Ijaz
Phone
7039729110
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

“The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.”

Pt VI, Line 11B

“Form 990 is prepared by an independent accounting firm and reviewed in detail by the organizations top management. The reviewed form 990 is then provided to the board of directors prior to filing with the irs.”

Pt VI, Line 12C

“The board and officers sign conflict of interest statements. These statements are reviewed by the president. The board chairman reviews the presidents signed statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

Pt VI, Line 15A

“The independent board discusses and reviews compensation. Annual comparisons are made to industry standards before approving salaries for the president. The decisions and deliberations are contemporaneously documented.”

Pt VI, Line 15B

“The organization does not compensate any other officers or key empoyees. Therefore, this line was anaswered no in accordance with the instructions.”

Pt VI, Line 19

“Arete scholars fund makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are available on the organizations website.”

Raw XML AppendixShowing 400 of 490 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08183
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0150367
IRS990/AccountsReceivableGrp/BOYAmt053404
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To assist low-income students in reaching their highest potential through educational opportunity.
IRS990/AdvertisingGrp/FundraisingAmt05632
IRS990/AdvertisingGrp/ManagementAndGeneralAmt015473
IRS990/AdvertisingGrp/ProgramServicesAmt03433
IRS990/AdvertisingGrp/TotalAmt024538
IRS990/AllOtherContributionsAmt05854503
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Ijaz Group
IRS990/BooksInCareOfDetail/PhoneNum07039729110
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 319
IRS990/BooksInCareOfDetail/USAddress/CityNm0Clifton
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020124
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01569897
IRS990/CashNonInterestBearingGrp/EOYAmt0108894
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt039704
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt05672
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt068064
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0113440
IRS990/CompDisqualPersonsGrp/FundraisingAmt049150
IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt052782
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt0152247
IRS990/CompDisqualPersonsGrp/TotalAmt0254179
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05854503
IRS990/CYGrantsAndSimilarPaidAmt05331353
IRS990/CYInvestmentIncomeAmt0284645
IRS990/CYOtherExpensesAmt0196438
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt064702
IRS990/CYRevenuesLessExpensesAmt0233857
IRS990/CYSalariesCompEmpBnftPaidAmt0442202
IRS990/CYTotalExpensesAmt05969993
IRS990/CYTotalFundraisingExpenseAmt0128375
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06203850
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt011967
IRS990/DepreciationDepletionGrp/ProgramServicesAmt00
IRS990/DepreciationDepletionGrp/TotalAmt011967
IRS990/Desc0Arete Scholars Fund, Inc. awarded 1,223 K4-12 education scholarships during the fiscal year ended 6/30/2024. Scholarships were awarded solely to qualifying low-income students. The scholarships give parents, whose choices are otherwise limited, the opportunity to select the K4-12 private school that best meets their childs needs. The scholarships pay up to $4,000 for private school tuition and fees.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt09989938
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt010482954
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt05663525
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0362
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt044340
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0898
IRS990/FeesForServicesAccountingGrp/TotalAmt045600
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt017231
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt017231
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt032792
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0Arthur Dupre
IRS990/Form990PartVIISectionAGrp/PersonNm1Derek Monjure
IRS990/Form990PartVIISectionAGrp/PersonNm2Gregory Beadles
IRS990/Form990PartVIISectionAGrp/PersonNm3James Smith
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0296979
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt05331353
IRS990/GrantsToDomesticOrgsGrp/TotalAmt05331353
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06203850
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0887
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0759
IRS990/InformationTechnologyGrp/ProgramServicesAmt02200
IRS990/InformationTechnologyGrp/TotalAmt03846
IRS990/InvestmentIncomeGrp/ExclusionAmt0284645
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0284645
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04693406
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05679556
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02640747
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02087913
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO HELP ECONOMICALLY DISADVANTAGED CHILDREN DISCOVER AND USE THEIR UNIQUE GIFTS AND TALENTS THROUGH EDUCATIONAL OPPORTUNITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010284050
IRS990/NetAssetsOrFundBalancesEOYAmt010746846
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0228939
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0294112
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0263892
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0163
IRS990/OccupancyGrp/ManagementAndGeneralAmt0107
IRS990/OccupancyGrp/ProgramServicesAmt0404
IRS990/OccupancyGrp/TotalAmt0674
IRS990/OfficeExpensesGrp/FundraisingAmt02708
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06507
IRS990/OfficeExpensesGrp/ProgramServicesAmt020932
IRS990/OfficeExpensesGrp/TotalAmt030147
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010752
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07073
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026659
IRS990/OtherEmployeeBenefitsGrp/TotalAmt044484
IRS990/OtherExpensesGrp/Desc0Staff PD
IRS990/OtherExpensesGrp/Desc1Program Support
IRS990/OtherExpensesGrp/FundraisingAmt0189
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0123
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt0467
IRS990/OtherExpensesGrp/ProgramServicesAmt110184
IRS990/OtherExpensesGrp/TotalAmt0779
IRS990/OtherExpensesGrp/TotalAmt110184
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04620
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03039
IRS990/PayrollTaxesGrp/ProgramServicesAmt011455
IRS990/PayrollTaxesGrp/TotalAmt019114
IRS990/PensionPlanContributionsGrp/FundraisingAmt02655
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01747
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06583
IRS990/PensionPlanContributionsGrp/TotalAmt010985
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01918
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01918
IRS990/PrincipalOfficerNm0Arthur Dupre
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06079114
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt05075229
IRS990/PYInvestmentIncomeAmt097847
IRS990/PYOtherExpensesAmt0139912
IRS990/PYRevenuesLessExpensesAmt0676025
IRS990/PYSalariesCompEmpBnftPaidAmt0285795
IRS990/PYTotalExpensesAmt05500936
IRS990/PYTotalRevenueAmt06176961
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0233857
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05331353
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01332861
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03018932
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt07803
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt010100
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt07050
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt06772
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt031725
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05854503
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06079114
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05864923
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04318706
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04501987
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt026619233
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0513584
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt097847
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt029825
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt036439
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt098040
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0775735
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0513584
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt097847
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt029825
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt036439
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt098040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0775735
IRS990ScheduleA/InvestmentIncomeCYPct00.02830
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.97050
IRS990ScheduleA/PublicSupportPY509Pct00.98510
IRS990ScheduleA/PublicSupportTotal509Amt026587508
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt07803
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt010100
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt07050
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt06772
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt031725
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05854503
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt06079114
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05864923
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04318706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04501987
IRS990ScheduleA/Total509Grp/TotalAmt026619233
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt027394968
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0F
IRS990ScheduleD/ExpensesSubtotalAmt05969993
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0228939
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0959597
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12089178
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22630781
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Cash & Cash Equivalents
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Corporate Debt Securities
IRS990ScheduleD/OtherSecuritiesGrp/Desc2United States Treasury Notes
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt0228939
IRS990ScheduleD/RevenueSubtotalAmt06203850
IRS990ScheduleD/TotalBookValueSecuritiesAmt05679556
IRS990ScheduleD/TotalExpensesPerForm990Amt05969993
IRS990ScheduleD/TotalRevenuePerForm990Amt06203850
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06432789
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05969993
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05331353
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01223
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PROCEDURES FOR MONITORING GRANTS IN THE US: ARETE SCHOLARS FUND, INC. OFFERS A LIMITED AMOUNT OF SCHOLARSHIPS TO STUDENTS BASED SOLELY ON FINANCIAL NEED. APPLICANTS ARE REQUIRED TO FURNISH INFORMATION PERTINENT TO THE DETERMINATION OF PARENTAL INCOME AND THE ABILITY TO MEET TUITION REQUIREMENTS. EACH APPLICATION IS CONSIDERED ON AN INDIVIDUAL BASIS AND APPLICATIONS ARE REVIEWED ANNUALLY. AWARDS ARE MADE TO EACH STUDENT AND THE CHECKS ARE MADE PAYABLE TO THE SCHOOL AND PARENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0true
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0true
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0215729
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount081250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06187
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026605
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Arthur Dupre
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0329771
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD PROVIDES A COMPREHENSIVE ANNUAL PERFORMANCE, GOAL, AND COMPENSATION REVIEW OF THE PRESIDENT. COMPENSATION IS DIRECTLY TIED TO GOAL ACHIEVEMENT AND IS BENCHMARKED AGAINST LIKE-ORGANIZATIONS OF SIMILAR SIZE.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE BOARD PROVIDES A COMPREHENSIVE ANNUAL PERFORMANCE, GOAL, AND COMPENSATION REVIEW OF THE PRESIDENT. COMPENSATION IS DIRECTLY TIED TO GOAL ACHIEVEMENT AND IS BENCHMARKED AGAINST LIKE-ORGANIZATIONS OF SIMILAR SIZE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 5a
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt I Line 5b
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, THIS LINE WAS ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED IN DETAIL BY THE ORGANIZATIONS TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD AND OFFICERS SIGN CONFLICT OF INTEREST STATEMENTS. THESE STATEMENTS ARE REVIEWED BY THE PRESIDENT. THE BOARD CHAIRMAN REVIEWS THE PRESIDENTS SIGNED STATEMENT. SHOULD ANY POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED, THE BOARD MEMBER OR OFFICER WOULD BE ASKED TO REFRAIN FROM PARTICIPATION IN ANY DELIBERATION OR DECISION WITH REGARD TO MATTERS AFFECTED BY THE RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INDEPENDENT BOARD DISCUSSES AND REVIEWS COMPENSATION. ANNUAL COMPARISONS ARE MADE TO INDUSTRY STANDARDS BEFORE APPROVING SALARIES FOR THE PRESIDENT. THE DECISIONS AND DELIBERATIONS ARE CONTEMPORANEOUSLY DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS OR KEY EMPOYEES. THEREFORE, THIS LINE WAS ANASWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ARETE SCHOLARS FUND MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATIONS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0aRETE sCHOLARS FUND INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Arete Scholars Louisiana Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611709239
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ASSIST LOW INCOME STUDENTS REACH THEIR HIGHEST POTENTIAL THORUGH EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0500 Buford Hwy NE Ste 1001 1020
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Suwanee
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030024
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • $10M-$25M nonprofits