Civic Intelligence

George Snow Scholarship Fund Inc

EIN 59-2162597 • 501(c)3 • Boca Raton, FL

Profile

To help hard working students in south florida to graduate from college by providing financial aid and wrap around support services. Our goal is to ensure that no student is deprived of an education because of a shortage of funds or lack of support.

201 Plaza Real 260Boca Raton, FL 33432

www.scholarship.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.37x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

72nd percentile

0.58x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

79th percentile

28%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

75th percentile

$285,472

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

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

Asset Growth

90th percentile

35%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

81st percentile

36%

Faster revenue growth than 81% of similar nonprofits.

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

Assets

Up

$15,656,904

Up $4,074,792 (+35%) from 2023

Liabilities

Up

$5,737,756

Up $656,634 (+13%) from 2023

Net Assets

Up

$9,919,148

Up $3,418,158 (+53%) from 2023

Revenue

Up

$9,959,088

Up $2,654,258 (+36%) from 2023

Expenses

Up

$7,187,340

Up $495,735 (+7.4%) from 2023

Net Income

Up

$2,771,748

Up $2,158,523 (+352%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $3,011,567Liabilities 2010: $1,067,990Net Assets 2010: $1,943,5772010Assets 2011: $3,283,264Liabilities 2011: $1,127,819Net Assets 2011: $2,155,4452011Assets 2012: $4,412,294Liabilities 2012: $1,263,979Net Assets 2012: $3,148,3152012Assets 2013: $4,742,213Liabilities 2013: $1,473,101Net Assets 2013: $3,269,1122013Assets 2014: $4,872,749Liabilities 2014: $1,543,084Net Assets 2014: $3,329,6652014Assets 2015: $5,005,732Liabilities 2015: $1,509,304Net Assets 2015: $3,496,4282015Assets 2016: $5,574,105Liabilities 2016: $1,715,090Net Assets 2016: $3,859,0152016Assets 2017: $6,392,143Liabilities 2017: $1,835,135Net Assets 2017: $4,557,0082017Assets 2018: $5,339,759Liabilities 2018: $38,300Net Assets 2018: $5,301,4592018Assets 2019: $6,114,953Liabilities 2019: $2,062,996Net Assets 2019: $4,051,9572019Assets 2020: $6,971,990Liabilities 2020: $2,269,043Net Assets 2020: $4,702,9472020Assets 2021: $8,585,790Liabilities 2021: $2,977,791Net Assets 2021: $5,607,9992021Assets 2022: $8,968,886Liabilities 2022: $3,726,979Net Assets 2022: $5,241,9072022Assets 2023: $11,582,112Liabilities 2023: $5,081,122Net Assets 2023: $6,500,9902023Assets 2024: $15,656,904Liabilities 2024: $5,737,756Net Assets 2024: $9,919,1482024

Highlighted filing

2024

Assets$15,656,904
Liabilities$5,737,756
Net Assets$9,919,148

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $662,4172010Expenses 2011: $771,8542011Expenses 2012: $796,1752012Revenue 2013: $1,005,151Expenses 2013: $917,384Net Income 2013: $87,7672013Revenue 2014: $958,437Expenses 2014: $860,383Net Income 2014: $98,0542014Revenue 2015: $1,151,095Expenses 2015: $933,826Net Income 2015: $217,2692015Revenue 2016: $1,579,458Expenses 2016: $1,295,748Net Income 2016: $283,7102016Revenue 2017: $1,941,740Expenses 2017: $1,312,032Net Income 2017: $629,7082017Revenue 2018: $2,400,643Expenses 2018: $1,485,722Net Income 2018: $914,9212018Revenue 2019: $2,383,990Expenses 2019: $2,071,369Net Income 2019: $312,6212019Revenue 2020: $2,450,922Expenses 2020: $1,994,984Net Income 2020: $455,9382020Revenue 2021: $3,884,938Expenses 2021: $3,152,725Net Income 2021: $732,2132021Revenue 2022: $3,613,699Expenses 2022: $3,644,353Net Income 2022: -$30,6542022Revenue 2023: $7,304,830Expenses 2023: $6,691,605Net Income 2023: $613,2252023Revenue 2024: $9,959,088Expenses 2024: $7,187,340Net Income 2024: $2,771,7482024

Highlighted filing

2024

Revenue$9,959,088
Expenses$7,187,340
Net Income$2,771,748

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$5.74$9.92$9.96$7.19$2.77
2023Detailed filing. Detailed filing data is available for this year.$11.6$5.08$6.50$7.30$6.69$0.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.97$3.73$5.24$3.61$3.64$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.59$2.98$5.61$3.88$3.15$0.73
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.97$2.27$4.70$2.45$1.99$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.11$2.06$4.05$2.38$2.07$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.34$0.04$5.30$2.40$1.49$0.91
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.39$1.84$4.56$1.94$1.31$0.63
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$1.72$3.86$1.58$1.30$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.01$1.51$3.50$1.15$0.93$0.22
2014Detailed filing. Detailed filing data is available for this year.$4.87$1.54$3.33$0.96$0.86$0.10
2013Detailed filing. Detailed filing data is available for this year.$4.74$1.47$3.27$1.01$0.92$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$1.26$3.15$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$1.13$2.16$0.77
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$1.07$1.94$0.66
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$18,040,305
Mission and Program Overview

Mission

The george snow scholarship fund's mission is to help hard working students in south florida to graduate from college by providing financial aid and wrap-around support services. Our goal is to ensure that no student is deprived of an education because of a shortage of funds or a lack of support.

Help individuals in financial need continue their education through scholarship programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,455,877$5,921,446▲ $1,465,569
Investments Other Securities-$2,824,591-
Cash and Non-Interest-Bearing Accounts$3,836,243$2,020,489▼ $1,815,754
Pledges and Grants Receivable$433,446$558,906▲ $125,460
Land, Buildings, and Equipment, Net$143,355$127,505▼ $15,850
Accounts Receivable$22,357$54,690▲ $32,333
Prepaid Expenses and Deferred Charges$37,751$37,346▼ $405
Total Assets$8,968,886$11,582,112▲ $2,613,226
Other Assets Total$39,857$37,139▼ $2,718
Liabilities
Other Liabilities$2,014,209$2,522,133▲ $507,924
Grants Payable$1,576,493$2,265,877▲ $689,384
Accounts Payable and Accrued Expenses$97,577$288,112▲ $190,535
Deferred Revenue$38,700$5,000▼ $33,700
Total Liabilities$3,726,979$5,081,122▲ $1,354,143
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,674,367$7,481,271▲ $1,806,904
Net Assets Without Donor Restrictions$-432,460$-980,281▼ $547,821
Total Net Assets Fund Balance$5,241,907$6,500,990▲ $1,259,083
Total Liabilities and Net Assets / Fund Balance$8,968,886$11,582,112▲ $2,613,226

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$18,824$238,500$257,324
Equipment$108,681-$108,681
Other Securities$2,824,591--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$4,103,671$706,489▲ $472,513$109,808$5,130,838
2022$4,142,349$726,420▼ $38,694$609,199$4,103,671
2021$3,239,537$680,679▲ $390,367$136,622$4,142,349
2020$2,693,483$280,970▲ $283,420-$3,239,337
2019$1,682,512$72,655▲ $236,786$857$1,972,279
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy G SnowPresidentFT$235,466$650$236,116
Jeremy BrandtVice President of DevelopmentFT$131,589$25,967$157,556
Bonnie SnowControllerFT$119,268$8,758$128,026

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$7,225,939
Program Service Revenue
$185,657
Investment Income
$119,648
Other Revenue
$-226,414
All Other Contributions
$6,309,979
Change in Net Assets
$613,225

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table109$865,165Fair Market Value (FMV)
Other Non Cash Contri Table2$55,439Fair Market Value (FMV)
Other Non Cash Contri Table1$2,500Fair Market Value (FMV)
Other Non Cash Contri Table1$1,400Fair Market Value (FMV)
Food Inventory1$192Fair Market Value (FMV)
Total Noncash Contributions114$924,696-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,304,830
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$645,858
Total Revenue per Audited Statements
$7,950,688
Total Revenue per Form 990
$7,304,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,243,567
Salaries, Compensation, and Employee Benefits$762,299
Other Expenses$685,739
Total Fundraising Expense$100,471
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,243,567--$5,243,567
Other Salaries and Wages$506,395$255,904-$762,299
Occupancy$90,627$15,993-$106,620
Information Technology$47,782$5,309-$53,091
Fees for Services Accounting-$33,481-$33,481
Depreciation Depletion-$15,850-$15,850
Conferences and Meetings$13,682--$13,682
Other Expenses$10,395$40,030$30,326$10,395
All Other Expenses$3,874$2,471$3,997$10,342
Insurance$1,541$3,712$1,751$7,004
Advertising$2,808-$3,431$6,239
Office Expenses$906$906$933$2,745
Total Functional Expenses$6,217,478$373,656$100,471$6,691,605

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,691,605
Total Expenses per Audited Statements$6,691,605
Total Expenses per Form 990$6,691,605
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$986,411
Fundraising Gross Income$759,997
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ballroom Battle$1,301,134$533,234$623,269$-90,035
Golf Classic$88,675$21,865$143,178$-121,313
Total Events$1,675,957$759,997$986,411$-226,414
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Peter GaryFormer TrusteePETER GARY, FORMER TRUSTEE, OWNS PG COMMUNICATIONS LLC, WHICH PROVIDED PUBLIC RELATIONS SERVICES IN THE AMOUNT OF $15,000 TO THE ORGANIZATION.No$15,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable, Net (long Term)$2,509,994
Lease Liabilities (long Term)$9,247
Lease Liabilities$2,892
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
Yes
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 2

Timothy snow (president) and jennifer snow (trustee) are siblings. Savannah snow (trustee) is the niece of both timothy and jennifer snow

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

The form 990 is reviewed by the finance committee, treasurer and the president. The trustees receive a copy of form 990 prior to filing.

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

The conflict of interest policy is distributed to all new trustees. All trustees are required to complete an annual conflict of interest disclosure form.

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

The executive director's compensation is reviewed annually and established by the executive committee. The executive committee is guided by the organization's executive compensation policy that requires the executive committee to rely on comparability data when determining the ceo's compensation.

Form 990, Part VI, Section C, Line 19

Documents are available for public inspection on www.guidestar.org, by written request, or on our website.

Filing and Contact Details

Filer

Filer Name
George Snow Scholarship Fund Inc
EIN
59-2162597
Phone
5613476799
Address
201 PLAZA REAL 260, BOCA RATON, FL 33432

Signing Officer

Name
Timothy G Snow
Title
President
Phone
5613476799
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy G Snow
Formed
1981
Legal Domicile
Fl
Voting Board Members
22
Independent Board Members
22
Employees
14
Volunteers
282

Preparer

Firm
Cbiz Advisors LLC
Address
44725 GRAND RIVER SUITE 204, NOVI, MI 48375
Preparer
Patrick M Sweeney CPA
Phone
2486595300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization did not change its oversight process or selection process during the year.

Financial Statement Notes

PART X, LINE 2:

The organization is a non-profit corporation which is exempt from federal income tax under section 501(c)(3) of the internal revenue code ("irc") and sales and use tax under the laws of the state of florida. The organization recognizes and measures tax positions based on their technical merit and assesses the likelihoood that the positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. Interest and penalties on tax liabilities, if any, would be recorded in interest expense and other non-interest expense, respectively. The organization did not incur any tax expenses during the year ended december 31, 2023. The u.s. Federal jurisdiction and florida are the major tax jurisdictions where the organization files income tax returns. Additionally, the organization has filed internal revenue service form 990 tax returns, as required, and all other applicable returns in jurisdictions where it is required. The organization is generally no longer subject to u.s. Federal or state examinations by tax authorities for fiscal years before 2018. George snow scholarship fund services is treated as a disregarded entity for federal and state income tax purposes and, accordingly, would not incur income taxes or have any unrecognized tax benefits. Instead, the earnings and losses are included in the income tax returns of its sole member gssf, as a result, the accompanying consolidated financial statements do not reflect a provision for income taxes.

Raw XML AppendixShowing 400 of 722 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt097577
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IRS990/AccountsReceivableGrp/EOYAmt054690
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0HELP INDIVIDUALS IN FINANCIAL NEED CONTINUE THEIR EDUCATION THROUGH SCHOLARSHIP PROGRAMS.
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IRS990/AdvertisingGrp/TotalAmt06239
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IRS990/BooksInCareOfDetail/PhoneNum05613476799
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0201 PLAZA REAL 260
IRS990/BooksInCareOfDetail/USAddress/CityNm0BOCA RATON
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IRS990/Desc0EDUCATIONAL GRANTS: IN ADDITION TO SCHOLARSHIP AWARDS, THE FUND THE STUDENT'S COLLEGE EXPERIENCE. IN 2023, WE HAD OVER 1,498 APPLICATIONS FOR OUR SCHOLARSHIPS AND AWARDED MORE THAN $5.2 MILLION IN SCHOLARSHIPS AND SCHOLAR SUPPORT SERVICES TO 411 SCHOLARS. IN ADDITION TO OUR NEW AWARDEES, WE PROVIDED CONTINUED SUPPORT AND GUIDANCE TO OUR 673 SNOW SCHOLARS CURRENTLY WORKING ON THEIR DEGREES.
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IRS990/Form990PartVIISectionAGrp/PersonNm1LISA KAUFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHEN L HASKINS
IRS990/Form990PartVIISectionAGrp/PersonNm3JERRY J FEDELE
IRS990/Form990PartVIISectionAGrp/PersonNm4FRANK A BARBIERI JR
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IRS990/Form990PartVIISectionAGrp/PersonNm17JAY D WHELCHEL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
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