Civic Intelligence

Arete Scholars Fund Inc.

990 • Fiscal year 2017 • EIN 27-2494520

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization Profilewww.aretescholars.org

View Organization Page

3615 Braselton Hwy No 203Dacula, GA 30019

(404) 445-7262

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

87th percentile

36%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

71st percentile

$176,443

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

87th percentile

29%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.0%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$8,199,091

Up $1,849,200 (+29%) from 2016

Net Assets

Up

$8,199,091

Up $1,870,811 (+30%) from 2016

Liabilities

Down

$0

Down $21,611 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin87th percentile

Revenue

Up

$5,239,311

Up $295,345 (+6.0%) from 2016

Expenses

Up

$3,368,500

Up $1,049,079 (+45%) from 2016

Net Income

Down

$1,870,811

Down $753,734 (-29%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2017

Assets$8,199,091
Liabilities$0
Net Assets$8,199,091
Open 2017 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$5,239,311
Expenses$3,368,500
Net Income$1,870,811
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$5,241,609
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,274,124$8,142,013▲ $1,867,889
Accounts Receivable$52,153$41,178▼ $10,975
Cash and Non-Interest-Bearing Accounts$22,414$14,700▼ $7,714
Prepaid Expenses and Deferred Charges$1,200$1,200→ $0
Total Assets$6,349,891$8,199,091▲ $1,849,200
Liabilities
Accounts Payable and Accrued Expenses$21,611$0▼ $21,611
Total Liabilities$21,611$0▼ $21,611
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,041,953$7,863,125▲ $1,821,172
Unrestricted Net Assets$286,327$335,966▲ $49,639
Total Net Assets Fund Balance$6,328,280$8,199,091▲ $1,870,811
Total Liabilities and Net Assets / Fund Balance$6,349,891$8,199,091▲ $1,849,200
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derek MonjurePresident/Exec. DirectorFT$155,967$20,476$176,443

Board Members and Trustees

NameTitle
Gregory BeadlesBoard Chairman/President
Chris PrinceVice President
Terry TuckerSecretary
Al PetrangeliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,237,408
Program Service Revenue
$0
Investment Income
$4,201
Other Revenue
$-2,298
All Other Contributions
$5,229,906
Change in Net Assets
$1,870,811

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,239,311
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,298
Total Revenue per Audited Statements
$5,241,609
Total Revenue per Form 990
$5,239,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,901,626
Salaries, Compensation, and Employee Benefits$312,625
Other Expenses$154,249
Total Fundraising Expense$97,682
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,898,626--$2,898,626
Current Officers, Directors, Trustees, and Key Employees$95,272$25,278$38,425$158,975
Other Salaries and Wages$54,842$14,551$22,118$91,511
Other Employee Benefits$27,579$7,317$11,123$46,019
Fees for Services Accounting$656$38,980$264$39,900
Advertising$20,604$6,743$8,179$35,526
Travel$16,907$4,486$6,819$28,212
Office Expenses$8,544$14,405$2,446$25,395
Occupancy$9,766$2,591$3,939$16,296
Payroll Taxes$9,661$2,563$3,896$16,120
Insurance-$4,562-$4,562
Grants to Domestic Orgs$3,000--$3,000
All Other Expenses$1,924$311$473$2,708
Fees for Services Other-$1,650-$1,650
Total Functional Expenses$3,147,381$123,437$97,682$3,368,500

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,370,798
Expenses per Audited Statements$3,368,500
Total Expenses per Form 990$3,368,500
Expenses Not Reported on Form 990$2,298
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,298
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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

Governance Explanations

Form 990, Part VI, Section A, line 8B

“There are no committees with authority to act on behalf of the Board of Directors.”

Form 990, Part VI, Section B, line 11B

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

Form 990, Part VI, Section B, line 12C

“The Board and officers sign conflict of interest statements. These statements are reviewed by the Executive Director. 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.”

Form 990, Part VI, Section B, line 15A

“Line 15a - The independent Board discusses and reviews compensation. Annual comparisons are made to industry standards before approving salaries for the Executive Director. The decisions and deliberations are contemporaneously documented. Line 15b - The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.”

Form 990, Part VI, Section C, 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 organization's website.”

Filing and Contact Details

Filer

Filer Name
Arete Scholars Fund Inc
EIN
27-2494520
Phone
4044457262
Address
3615 Braselton Hwy No 203, Dacula, GA 30019

Signing Officer

Name
Derek Monjure
Title
Executive Director
Phone
4045423888
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Monjure
Formed
2010
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
3
Volunteers
4

Preparer

Firm
Capin Crouse LLP
Address
1255 Lakes Parkway Suite 130, Lawrenceville, GA 30043
Preparer
Francis K Brown II
Phone
6785185301
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C:

“The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”

Financial Statement Notes

Part X, Line 2:

“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, 2017, Arete had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Arete files information tax returns in the U.S. and the state of Georgia. Arete is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for the years before 2014.”

Part XI, Line 2D - Other Adjustments:

“Fundraising event expense 2,298.”

Part XII, Line 2D - Other Adjustments:

“Fundraising event expense 2,298.”

Raw XML AppendixShowing 400 of 504 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.

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IRS990/SavingsAndTempCashInvstGrp/EOYAmt08142013
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Miscellaneous income - 2012 Amount: $ 29. 2013 Amount: $ 0. 2014 Amount: $ 0. 2015 Amount: $ 0. 2016 Amount: $ 0. Special event income - 2012 Amount: $ 0. 2013 Amount: $ 0. 2014 Amount: $ 0. 2015 Amount: $ 1,856. 2016 Amount: $ 0.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05237408
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04969050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03497113
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03317945
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt06271527
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt023293043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04201
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02168
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01868
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02440
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03000
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt013677
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04201
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02168
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01868
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02440
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03000
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013677
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01856
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt029
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01885
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt023293043
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05237408
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04969050
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03497113
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03317945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt06271527
IRS990ScheduleA/Total509Grp/TotalAmt023293043
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05241609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04973074
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03498981
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03320385
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt06274556
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt023308605
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/ScheduleBRequiredInd01
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt066857
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt058568
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt087151
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0212576
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0267426
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0234271
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0348604
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0850301
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt018000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt024000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt024000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt066000
IRS990ScheduleC/GrassrootsCeilingAmt0318864
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/LobbyingCeilingAmt01275452
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/ExpensesNotReportedAmt02298
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03368500
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt02298
IRS990ScheduleD/OtherRevenueAmt02298
IRS990ScheduleD/RevenueNotReportedAmt02298
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05239311
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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, 2017, Arete had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Arete files information tax returns in the U.S. and the state of Georgia. Arete is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for the years before 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising event expense 2,298.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising event expense 2,298.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt03368500
IRS990ScheduleD/TotalRevenuePerForm990Amt05239311
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05241609
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03370798
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02898626
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0720
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 the parent.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0155967
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt020476
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Derek Monjure
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President/Exec. Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0176443
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with authority to act on behalf of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's 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 Executive Director. 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/ExplanationTxt3Line 15a - The independent Board discusses and reviews compensation. Annual comparisons are made to industry standards before approving salaries for the Executive Director. The decisions and deliberations are contemporaneously documented. Line 15b - The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Arete Scholars Fund makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are available on the organization's website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Page 12, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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 through education.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0655 St Ferdinand Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Baton Rouge
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd070802
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,199,091
Liabilities
$0
Net assets
$8,199,091
Revenue
$5,239,311
Expenses
$3,368,500
Net income
$1,870,811
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
2017Detailed filing. Detailed filing data is available for this year.$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