Liabilities / Assets
11th percentile
Higher debt load relative to assets than 11% of similar nonprofits.
990 • Fiscal year 2012 • EIN 27-2494520
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
11th percentile
Higher debt load relative to assets than 11% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Assets
Down$939,724
Down $61,216 (-6.1%) from 2011
Net Assets
Down$935,529
Down $26,715 (-2.8%) from 2011
Liabilities
Down$4,195
Down $34,501 (-89%) from 2011
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$5,835,851
Up $4,334,623 (+289%) from 2011
Net Income
-
No earlier filing loaded for comparison.
To help economically disadvantaged children discover and use their unique gifts and talents through educational opportunity.
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/AccountantCompileOrReview | 0 | 0 |
| IRS990/AccountsPayableAccruedExpenses/BOY | 0 | 38696 |
| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 4195 |
| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/ActivityOrMissionDescription | 0 | To assist low-income students reach their highest potential through educational opportunity. |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | PO Box 744 |
| IRS990/AddressPrincipalOfficerUS/City | 0 | Dacula |
| IRS990/AddressPrincipalOfficerUS/State | 0 | GA |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 30019 |
| IRS990/Advertising/Fundraising | 0 | 6043 |
| IRS990/Advertising/ManagementAndGeneral | 0 | 3948 |
| IRS990/Advertising/ProgramServices | 0 | 14628 |
| IRS990/Advertising/Total | 0 | 24619 |
| IRS990/AllOtherContributions | 0 | 5802957 |
| IRS990/AnnualDisclosureCoveredPersons | 0 | 1 |
| IRS990/AuditCommittee | 0 | 0 |
| IRS990/BenefitsPaidToMembersCY | 0 | 0 |
| IRS990/BenefitsPaidToMembersPriorYear | 0 | 0 |
| IRS990/BsnssRltnshpThruFamilyMember | 0 | 0 |
| IRS990/BsnssRltnshpWithOrganization | 0 | 0 |
| IRS990/CashNonInterestBearing/BOY | 0 | 24680 |
| IRS990/CashNonInterestBearing/EOY | 0 | 5295 |
| IRS990/ChangesToOrganizingDocs | 0 | 0 |
| IRS990/CollectionsOfArt | 0 | 0 |
| IRS990/CompCurrentOfficersDirectors/Fundraising | 0 | 31577 |
| IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral | 0 | 36840 |
| IRS990/CompCurrentOfficersDirectors/ProgramServices | 0 | 36840 |
| IRS990/CompCurrentOfficersDirectors/Total | 0 | 105257 |
| IRS990/CompensationFromOtherSources | 0 | 0 |
| IRS990/CompensationProcessCEO | 0 | 1 |
| IRS990/CompensationProcessOther | 0 | 1 |
| IRS990/ConflictOfInterestPolicy | 0 | 1 |
| IRS990/ConservationEasements | 0 | 0 |
| IRS990/ConsolidatedAuditFinancialStmt | 0 | 0 |
| IRS990/ContributionsGrantsCurrentYear | 0 | 5802957 |
| IRS990/ContributionsGrantsPriorYear | 0 | 2458500 |
| IRS990/CreditCounseling | 0 | 0 |
| IRS990/DecisionsSubjectToApproval | 0 | 0 |
| IRS990/DeductibleContributionsOfArt | 0 | 0 |
| IRS990/DeductibleNonCashContributions | 0 | 0 |
| IRS990/DelegationOfManagementDuties | 0 | 1 |
| IRS990/DescribedIn501C3 | 0 | 1 |
| IRS990/Description | 0 | Arete Scholars Fund, Inc. awarded 1,005 K4-12 Education scholarships, for a total of $5,344,647, during the 2011-2012 Fiscal year. 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 childrens needs. The scholarships pay up to $5,800 for private school tuition and fees. |
| IRS990/DisregardedEntity | 0 | 0 |
| IRS990/DocumentRetentionPolicy | 0 | 1 |
| IRS990/DonorAdvisedFunds | 0 | 0 |
| IRS990/ElectionOfBoardMembers | 0 | 0 |
| IRS990/EmploymentTaxReturnsFiled | 0 | 1 |
| IRS990/ExcessBenefitTransaction | 0 | 0 |
| IRS990/Expense | 0 | 5510732 |
| IRS990/FamilyOrBusinessRelationship | 0 | 0 |
| IRS990/FederalGrantAuditRequired | 0 | 0 |
| IRS990/FeesForServicesAccounting/ManagementAndGeneral | 0 | 10595 |
| IRS990/FeesForServicesAccounting/Total | 0 | 10595 |
| IRS990/FeesForServicesLobbying/Fundraising | 0 | 11000 |
| IRS990/FeesForServicesLobbying/ManagementAndGeneral | 0 | 11000 |
| IRS990/FeesForServicesLobbying/Total | 0 | 22000 |
| IRS990/FeesForServicesOther/Fundraising | 0 | 7386 |
| IRS990/FeesForServicesOther/ProgramServices | 0 | 22670 |
| IRS990/FeesForServicesOther/Total | 0 | 30056 |
| IRS990/FeesForServicesProfFundraising/Fundraising | 0 | 7728 |
| IRS990/FeesForServicesProfFundraising/Total | 0 | 7728 |
| IRS990/FinancialStatementSeparate | 0 | X |
| IRS990/FollowSFAS117 | 0 | X |
| IRS990/ForeignActivities | 0 | 0 |
| IRS990/ForeignFinancialAccount | 0 | 0 |
| IRS990/ForeignOffice | 0 | 0 |
| IRS990/Form8282PropertyDisposedOf | 0 | 0 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 0 | 2.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 1 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 2 | 40.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 3 | 1.00 |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 0 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 1 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 2 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 3 | X |
| IRS990/Form990PartVIISectionA/NamePerson | 0 | Gregory Beadles |
| IRS990/Form990PartVIISectionA/NamePerson | 1 | Chris Prince |
| IRS990/Form990PartVIISectionA/NamePerson | 2 | Derek Monjure |
| IRS990/Form990PartVIISectionA/NamePerson | 3 | Al Petrangeli |
| IRS990/Form990PartVIISectionA/Officer | 0 | X |
| IRS990/Form990PartVIISectionA/Officer | 1 | X |
| IRS990/Form990PartVIISectionA/Officer | 2 | X |
| IRS990/Form990PartVIISectionA/OtherCompensation | 0 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 1 | 0 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 2 | 4714 |
| IRS990/Form990PartVIISectionA/OtherCompensation | 3 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 0 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 2 | 98456 |
| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 3 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 0 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 1 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 2 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 3 | 0 |
| IRS990/Form990PartVIISectionA/Title | 0 | Chairman |
| IRS990/Form990PartVIISectionA/Title | 1 | Vice-Chairman |
| IRS990/Form990PartVIISectionA/Title | 2 | Executive Director |
| IRS990/Form990PartVIISectionA/Title | 3 | Board Member |
| IRS990/Form990ProvidedToGoverningBody | 0 | 1 |
| IRS990/FormersListed | 0 | 0 |
| IRS990/FSAudited | 0 | 1 |
| IRS990/FundraisingActivities | 0 | 0 |
| IRS990/FundsToPayPremiums | 0 | 0 |
| IRS990/Gaming | 0 | 0 |
| IRS990/Grants | 0 | 5344647 |
| IRS990/GrantsAndSimilarAmntsCY | 0 | 5344647 |
| IRS990/GrantsAndSimilarAmntsPriorYear | 0 | 1205045 |
| IRS990/GrantsToDomesticIndividuals/ProgramServices | 0 | 5344647 |
| IRS990/GrantsToDomesticIndividuals/Total | 0 | 5344647 |
| IRS990/GrantsToIndividuals | 0 | 1 |
| IRS990/GrantsToOrganizations | 0 | 0 |
| IRS990/GrantToRelatedPerson | 0 | 0 |
| IRS990/GrossReceipts | 0 | 5809136 |
| IRS990/GroupReturnForAffiliates | 0 | 0 |
| IRS990/Hospital | 0 | 0 |
| IRS990/IndependentAuditFinancialStmt | 0 | 1 |
| IRS990/IndoorTanningServices | 0 | 0 |
| IRS990/InfoInScheduleOPartVI | 0 | X |
| IRS990/Insurance/ManagementAndGeneral | 0 | 3181 |
| IRS990/Insurance/Total | 0 | 3181 |
| IRS990/InvestmentIncomeCurrentYear | 0 | 6179 |
| IRS990/InvestmentIncome/ExclusionAmount | 0 | 6179 |
| IRS990/InvestmentIncomePriorYear | 0 | 4972 |
| IRS990/InvestmentIncome/TotalRevenueColumn | 0 | 6179 |
| IRS990/InvestmentInJointVenture | 0 | 0 |
| IRS990/LoanToOfficerOrDQP | 0 | 0 |
| IRS990/LobbyingActivities | 0 | 1 |
| IRS990/LocalChapters | 0 | 0 |
| IRS990/MaterialDiversionOrMisuse | 0 | 0 |
| IRS990/MembersOrStockholders | 0 | 0 |
| IRS990/MethodOfAccountingAccrual | 0 | X |
| IRS990/MinutesOfCommittees | 0 | 0 |
| IRS990/MinutesOfGoverningBody | 0 | 1 |
| IRS990/MissionDescription | 0 | To assist low-income students discover their talents & reach their highest potential through educational opportunity. |
| IRS990/MoreThan5000KToIndividuals | 0 | 0 |
| IRS990/MoreThan5000KToOrganizations | 0 | 0 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | Derek Monjure |
| IRS990/NbrIndependentVotingMembers | 0 | 3 |
| IRS990/NbrVotingGoverningBodyMembers | 0 | 4 |
| IRS990/NbrVotingMembersGoverningBody | 0 | 4 |
| IRS990/NetAssetsOrFundBalancesBOY | 0 | 962244 |
| IRS990/NetAssetsOrFundBalancesEOY | 0 | 935529 |
| IRS990/NetUnrelatedBusinessTxblIncome | 0 | 0 |
| IRS990/NonDeductibleContributions | 0 | 0 |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 0 |
| IRS990/NumberIndependentVotingMembers | 0 | 3 |
| IRS990/NumberIndividualsGT100K | 0 | 0 |
| IRS990/NumberOfContractorsGT100K | 0 | 0 |
| IRS990/NumberOfEmployees | 0 | 5 |
| IRS990/NumberW2GIncluded | 0 | 0 |
| IRS990/Occupancy/ManagementAndGeneral | 0 | 12255 |
| IRS990/Occupancy/Total | 0 | 12255 |
| IRS990/OfficeExpenses/Fundraising | 0 | 5196 |
| IRS990/OfficeExpenses/ManagementAndGeneral | 0 | 14625 |
| IRS990/OfficeExpenses/ProgramServices | 0 | 5655 |
| IRS990/OfficeExpenses/Total | 0 | 25476 |
| IRS990/OfficerEntityWithBsnssRltnshp | 0 | 0 |
| IRS990/OfficerMailingAddress | 0 | 0 |
| IRS990/Organization501c3 | 0 | X |
| IRS990/OtherEmployeeBenefits/Fundraising | 0 | 7873 |
| IRS990/OtherEmployeeBenefits/ManagementAndGeneral | 0 | 9185 |
| IRS990/OtherEmployeeBenefits/ProgramServices | 0 | 9185 |
| IRS990/OtherEmployeeBenefits/Total | 0 | 26243 |
| IRS990/OtherExpensePriorYear | 0 | 111347 |
| IRS990/OtherExpensesCurrentYear | 0 | 144335 |
| IRS990/OtherExpenses/Description | 0 | Misc. Expenses |
| IRS990/OtherExpenses/Description | 1 | Donor Events |
| IRS990/OtherExpenses/Description | 2 | Professional Developmen |
| IRS990/OtherExpenses/Fundraising | 0 | 3387 |
| IRS990/OtherExpenses/Fundraising | 1 | 2883 |
| IRS990/OtherExpenses/ManagementAndGeneral | 0 | 753 |
| IRS990/OtherExpenses/ManagementAndGeneral | 1 | 2500 |
| IRS990/OtherExpenses/ProgramServices | 0 | 3388 |
| IRS990/OtherExpenses/Total | 0 | 7528 |
| IRS990/OtherExpenses/Total | 1 | 2883 |
| IRS990/OtherExpenses/Total | 2 | 2500 |
| IRS990/OtherRevenueCurrentYear | 0 | 0 |
| IRS990/OtherRevenuePriorYear | 0 | 0 |
| IRS990/OtherSalariesAndWages/Fundraising | 0 | 55635 |
| IRS990/OtherSalariesAndWages/ManagementAndGeneral | 0 | 64907 |
| IRS990/OtherSalariesAndWages/ProgramServices | 0 | 64907 |
| IRS990/OtherSalariesAndWages/Total | 0 | 185449 |
| IRS990/OwnWebsite | 0 | X |
| IRS990/PartialLiquidation | 0 | 0 |
| IRS990/PayrollTaxes/Fundraising | 0 | 6658 |
| IRS990/PayrollTaxes/ManagementAndGeneral | 0 | 7767 |
| IRS990/PayrollTaxes/ProgramServices | 0 | 7767 |
| IRS990/PayrollTaxes/Total | 0 | 22192 |
| IRS990/PoliticalActivities | 0 | 0 |
| IRS990/PremiumsPaid | 0 | 0 |
| IRS990/PrepaidExpensesDeferredCharges/EOY | 0 | 1200 |
| IRS990/PriorExcessBenefitTransaction | 0 | 0 |
| IRS990/ProfessionalFundraising | 0 | 0 |
| IRS990/ProgramServiceRevenueCY | 0 | 0 |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 0 |
| IRS990/ProhibitedTaxShelterTrans | 0 | 0 |
| IRS990/QuidProQuoContributions | 0 | 0 |
| IRS990/ReconcilationOtherChanges | 0 | 0 |
| IRS990/ReconcilationRevenueExpenses | 0 | -26715 |
| IRS990/RegularMonitoringEnforcement | 0 | 1 |
| IRS990/RelatedEntity | 0 | 0 |
| IRS990/RelatedOrgControlledEntity | 0 | 0 |
| IRS990/ReportFin48Footnote | 0 | 1 |
| IRS990/ReportInvestOthSecurities | 0 | 0 |
| IRS990/ReportLandBldgEquip | 0 | 0 |
| IRS990/ReportOtherAssets | 0 | 0 |
| IRS990/ReportOtherLiabilities | 0 | 0 |
| IRS990/ReportProgRelInvest | 0 | 0 |
| IRS990/RevenuesLessExpensesCY | 0 | -26715 |
| IRS990/RevenuesLessExpensesPriorYear | 0 | 962244 |
| IRS990/SalariesEtcCurrentYear | 0 | 339141 |
| IRS990/SalariesEtcPriorYear | 0 | 140210 |
| IRS990/SavingsAndTempCashInvestments/BOY | 0 | 976260 |
| IRS990/SavingsAndTempCashInvestments/EOY | 0 | 933229 |
| IRS990ScheduleA/AmountsSubstContributorsTotal | 0 | 677046 |
| IRS990ScheduleA/First5Years170 | 0 | X |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear | 0 | 5802957 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year | 0 | 2458500 |
| IRS990ScheduleA/GiftsGrantsContribReceived170/Total | 0 | 8261457 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear | 0 | 6179 |
| IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year | 0 | 4972 |
| IRS990ScheduleA/GrossInvestmentIncome170/Total | 0 | 11151 |
| IRS990ScheduleA/PubliclySupportedOrg170b1Avi | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170 | 0 | 7584411 |
| IRS990ScheduleA/Total170/CurrentTaxYear | 0 | 5802957 |
| IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year | 0 | 2458500 |
| IRS990ScheduleA/Total170/Total | 0 | 8261457 |
| IRS990ScheduleA/TotalSupport | 0 | 8272608 |
| IRS990ScheduleB/ContributorInfo/AggregateContributions | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNumber | 0 | RESTRICTED |
| IRS990/ScheduleBRequired | 0 | 1 |
| IRS990ScheduleC/DirectContactLegislators | 0 | 1 |
| IRS990ScheduleC/DirectContactLegislatorsAmount | 0 | 22000 |
| IRS990ScheduleC/Form990ScheduleCPartIV/Explanation | 0 | During the 2011-2012 fiscal year, Arete Scholars Fund, Inc. paid a professional lobbying organization to engage the Georgia state congress with the intent to spread awareness of the organization among state legislators, and to introduce minor changes to current legislation. The organization introduced HB 862 which sought to broaden the number of corporations that can participate in the tax credit program. |
| IRS990ScheduleC/Form990ScheduleCPartIV/Identifier | 0 | Explanation of Lobbying Activities: |
| IRS990ScheduleC/Form990ScheduleCPartIV/ReturnReference | 0 | Part II-B, Line 1: |
| IRS990ScheduleC/GrantsOtherOrganizations | 0 | 0 |
| IRS990ScheduleC/MailingsMembers | 0 | 0 |
| IRS990ScheduleC/MediaAdvertisements | 0 | 0 |
| IRS990ScheduleC/NotDescribedIn501c3 | 0 | 0 |
| IRS990ScheduleC/OtherActivities | 0 | 0 |
| IRS990ScheduleC/PaidStaffOrManagement | 0 | 0 |
| IRS990ScheduleC/PublicationsOrBroadcast | 0 | 0 |
| IRS990ScheduleC/RalliesDemonstrations | 0 | 0 |
| IRS990ScheduleC/TotalLobbyingExpendituresIIB | 0 | 22000 |
| IRS990ScheduleC/Volunteers | 0 | 0 |
| IRS990ScheduleD/ExcessOrDeficitForYear | 0 | -26715 |
| IRS990ScheduleD/ExcessOrDeficitPerFS | 0 | -26715 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 5835851 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2012, Arete had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | Description of Uncertain Tax Positions Under FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | Part X: |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 0 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 5809136 |
| IRS990ScheduleD/TotalExpenses | 0 | 5835851 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 5835851 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 0 |
| IRS990ScheduleD/TotalRevenue | 0 | 5809136 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 5809136 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 5835851 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 5809136 |
| IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant | 0 | 5344647 |
| IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients | 0 | 1005 |
| IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant | 0 | Scholarships |
| IRS990ScheduleI/Form990ScheduleIPartIV/Explanation | 0 | Schedule I, Part I, Line 2: Procedures 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. |
| IRS990ScheduleI/Form990ScheduleIPartIV/Identifier | 0 | Procedure for Monitoring Grants in the U.S.: |
| IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference | 0 | Part I, Line 2: |
| IRS990ScheduleI/RecordsMaintained | 0 | 1 |
| IRS990/ScheduleJRequired | 0 | 0 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | The amount of scholarship award is determined by a formula matching household composition and income against the published Federal Free and Reduced Lunch Income guidelines. The processing of applications and administration of award letters is delegated to Florida School Choice Fund, Inc. (Step Up for Students) |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | There are no committees of the Board of Directors. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | Form 990 is prepared by an independent CPA firm and reviewed by the organization's top management. The reviewed Form 990 is then reviewed by the organization's board of directors prior to filing. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | Applicable persons provide initial as well as subsequent annual disclosure of potential conflicts. Any potential conflicts are discussed or reviewed by the board. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | The independent board discusses and reviews compensation. Comparisons are made to industry standards before approving salaries for the executive director and director of finance and operations. The decisions and deliberations are contemporaneously documented. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | Arete Scholars Fund makes its Form 1023 available upon request. Form 990 for each tax year is available on the organizations website. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | 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. |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | Form 990, Part VI, Section A, line 3 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | Form 990, Part VI, Section A, line 8b |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | Form 990, Part VI, Section B, line 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | Form 990, Part VI, Section C, line 18 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | Form 990, Part VI, Section C, line 19 |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | GA |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | GA |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/TemporarilyRestrictedNetAssets/BOY | 0 | 220795 |
| IRS990/TemporarilyRestrictedNetAssets/EOY | 0 | 21150 |
| IRS990/Terminated | 0 | 0 |
| IRS990/TermOrPermanentEndowments | 0 | 0 |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | PO Box 744 |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | Dacula |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | GA |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 30019 |
| IRS990/TheBooksAreInCareOf/NamePerson | 0 | Alan Weiler |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 4046972649 |
| IRS990/TotalAssets/BOY | 0 | 1000940 |
| IRS990/TotalAssetsBOY | 0 | 1000940 |
| IRS990/TotalAssets/EOY | 0 | 939724 |
| IRS990/TotalAssetsEOY | 0 | 939724 |
| IRS990/TotalCompGT150K | 0 | 0 |
| IRS990/TotalContributions | 0 | 5802957 |
| IRS990/TotalExpensesCurrentYear | 0 | 5835851 |
| IRS990/TotalExpensesPriorYear | 0 | 1501228 |
| IRS990/TotalFunctionalExpenses/Fundraising | 0 | 147563 |
| IRS990/TotalFunctionalExpenses/ManagementAndGeneral | 0 | 177556 |
| IRS990/TotalFunctionalExpenses/ProgramServices | 0 | 5510732 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 5835851 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 147563 |
| IRS990/TotalGrossUBI | 0 | 0 |
| IRS990/TotalLiabilities/BOY | 0 | 38696 |
| IRS990/TotalLiabilitiesBOY | 0 | 38696 |
| IRS990/TotalLiabilities/EOY | 0 | 4195 |
| IRS990/TotalLiabilitiesEOY | 0 | 4195 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 1000940 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 939724 |
| IRS990/TotalNbrEmployees | 0 | 5 |
| IRS990/TotalNbrVolunteers | 0 | 3 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 962244 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 935529 |
| IRS990/TotalOtherCompensation | 0 | 4714 |
| IRS990/TotalProfFundrsngExpCY | 0 | 7728 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 44626 |
| IRS990/TotalProgramServiceExpense | 0 | 5510732 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 98456 |
| IRS990/TotalRevenueCurrentYear | 0 | 5809136 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 6179 |
| IRS990/TotalRevenuePriorYear | 0 | 2463472 |
| IRS990/TotalRevenue/RelatedOrExemptFunctionIncome | 0 | 0 |
| IRS990/TotalRevenue/TotalRevenueColumn | 0 | 5809136 |
| IRS990/TotalRevenue/UnrelatedBusinessRevenue | 0 | 0 |
| IRS990/TransactionRelatedEntity | 0 | 0 |
| IRS990/TransfersToExemptNonChrtblOrg | 0 | 0 |
| IRS990/Travel/Fundraising | 0 | 2197 |
| IRS990/Travel/ProgramServices | 0 | 1045 |
| IRS990/Travel/Total | 0 | 3242 |
| IRS990/TypeOfOrganizationCorporation | 0 | X |
| IRS990/UnrelatedBusinessIncome | 0 | 0 |
| IRS990/UnrestrictedNetAssets/BOY | 0 | 741449 |
| IRS990/UnrestrictedNetAssets/EOY | 0 | 914379 |
| IRS990/WebSite | 0 | www.aretescholars.org |
| IRS990/WhistleblowerPolicy | 0 | 1 |
| IRS990/YearFormation | 0 | 2010 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 272494520 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | Arete Scholars Fund Inc |
| ReturnHeader/Filer/NameControl | 0 | ARET |
| ReturnHeader/Filer/Phone | 0 | 4046972649 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO Box 744 |
| ReturnHeader/Filer/USAddress/City | 0 | Dacula |
| ReturnHeader/Filer/USAddress/State | 0 | GA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 30019 |
| ReturnHeader/Officer/AuthorizeThirdParty | 0 | 1 |
| ReturnHeader/Officer/DateSigned | 0 | 2012-11-30 |
| ReturnHeader/Officer/Name | 0 | Derek Monjure |
| ReturnHeader/Officer/Phone | 0 | 4046972649 |
| ReturnHeader/Officer/Title | 0 | Executive Director |
| ReturnHeader/PreparerFirm/EIN | 0 | 363990892 |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | Capin Crouse LLP |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1 | 0 | 972 Emerson Parkway-Ste A |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City | 0 | Greenwood |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State | 0 | IN |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode | 0 | 46143 |
| ReturnHeader/Preparer/Name | 0 | Dave Moja |
| ReturnHeader/Preparer/Phone | 0 | 3178852620 |
| ReturnHeader/ReturnType | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDate | 0 | 2011-07-01 |
| ReturnHeader/TaxPeriodEndDate | 0 | 2012-06-30 |
| ReturnHeader/TaxYear | 0 | 2011 |
| ReturnHeader/Timestamp | 0 | 2012-11-30T08:57:34-06:00 |
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Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.