Project Grad Atlanta Inc

“The organization's form 990 is reviewed and approved by all members of the board finance committee, prior to filing with the irs. All members of the project grad atlanta board of directors are sent an email (prior to the filing of the form 990 with irs), which provides password protected access to a file containing the complete form 990 with all associated schedules.”

“Project grad issues a questionnaire annually to trustees regarding conflicts. The forms are retained in a file in the finance department.”

“The project grad finance committee and executive committee establish the compensation for the executive director using salary survey data from national, local, and regional salary data for similarly structured organizations. The grad finance committee approves the salary ranges associated with each position classification.”

“Project grad makes its documents available to the public by request only. Duplicates of documents will be provided at a cost to the requester of $.50 per page.”

“During the year ended June 30, 2015, the organization's board of directors approved a resolution to legally dissolve the organization and to merge certain services, programs, events, and all of its remaining net assets into a new college access and scholarship-granting organization named Achieve Atlanta, a supporting organization of the community foundation for greater Atlanta. The dissolution became effective as of the close of business on June 30, 2015, and, at such time, Achieve Atlanta assumed control of the net assets of the organization and oversight of the transition plan.”

“During the current year, an adjustment was made to the estimates used to calculate the present value of current grants paid to individuals. This resulted in a current year adjustment of $756,000 which reduced the accrued grants paid in the current year. Because of this adjustment, no grants are being shown on schedule i. However, the following information is being shown for the fiscal year 2015 grants paid.”

“During the year ended June 30, 2015, the organization's board of directors approved a resolution to legally dissolve the organization and to merge certain services, programs, events, and all of its remaining net assets into a new college access and scholarship-granting organization named Achieve Atlanta, a supporting organization of the community foundation for greater Atlanta. The dissolution became effective as of the close of business on June 30, 2015, and, at such time, Achieve Atlanta assumed control of the net assets of the organization and oversight of the transition plan.”

“Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance? Yes.”

“Describe the organization's procedures for monitoring the use of grant funds in the united states: project grad atlanta provides grants to students enrolled in accredited two-year or four-year colleges across the nation. In georgia, qualified institutions include only those accredited colleges or universities which are eligible for participation in the georgia hope scholarship program. In other states, the institutions must be fully accredited by regional accrediting bodies pre-approved by the project grad atlanta board of directors. Grant payments in increments of $500 per semester are paid to postsecondary institutions where brumley-grad students are enrolled, for up to eight semesters, for a total per student scholarship amount of $4,000. Project grad maintains paper and electronic student files and financial records to record, track, monitor, and manage the distribution of scholarship funds to eligible students. Project grad atlanta has instituted a system of rigorous checks and balances requiring at least two staff reviews and signatures for the request of scholarship payments to institutions of higher education. These requests are then approved by the executive director and or his or her designee. In like fashion, all checks are reconciled to the organization's bank statements and accounting system. Students must request each semester's scholarship payment by submitting academic transcripts and /or course schedules which confirm that the student is enrolled full-time (which by grad standards consists of at least 12 credit hours per semester), are enrolled in no more than two semesters of remedial or learning support courses, and are in good academic standing for the semester for which funds are requested. These submissions are reviewed by up to three grad staff persons. Students who do not meet these criteria, may submit a request for review of the extenuating circumstances which precluded their meeting the criteria, to the grad scholarship appeal committee. All decisions by the appeal committee are final and binding for the distribution or non-distribution of the scholarship, in the context of the dr. George w. Brumley-project grad atlanta scholarship policies & procedures.”

“Number of recipients: brumley-grad scholarhsip 872 books 2 computers 5 ----- total 879 cash grants paid out: cash $438,647 books $1,000 computers $4,865 ----------- total $444,512”