Step Up for Students - Florida Inc.

“Form 990 is prepared by the fund's independent auditors after being reviewed by management, the full form 990 informational return is prov1ded to the board of directors for review and comment. The board of directors is also afforded the opportunity to ask questions with respect to the form 990 before the return is filed.”

“Step up for students ensures that the conflict of interest policy is adhered to with the following activities 1) regular education with the board of directors, officers and key staff. Each year, the policy is reviewed with the board of directors and the executive team. Each acknowledge their understanding and compliance by signing an annual compliance statement. 2) the cfo reviews each contract the organization enters. 3) finance staff and the president review all payments as they are made for possible conflicts.”

“The compensation committee of the board of directors reviews comparable compensation and benefits data of similar organizations. During fiscal year 2011, an independent compensation consulting firm conducted a full comparative study for each individual executive position and all non executive job grades. The committee uses this information, combined with the performance of the president, to recommend the president's compensation package for approval of the full board. The full board approves the package.”

“Step up for students makes its governing documents, conflict of interest policy and financial statements available on its website, www.stepupforstudents.org. Printed copies are available by request for the same period of disclosure as set forth in irc section 6104(d).”

“Telephone: program service expenses 258,056. Management and general expenses 16,821. Fundraising expenses 28,892. Total expenses 303,769. Printing and postage: program service expenses 105,962. Management and general expenses 29,624. Fundraising expenses 43,214. Total expenses 178,800. Repairs and maintenance: program service expenses 98,600. Management and general expenses 24,510. Fundraising expenses 22,253. Total expenses 145,363. Uncollectible school receivables: program service expenses 9,364. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,364.”

“Donated services expense -1,206,089. Net assets reported on the scholarship organization network -4,995,766. Dissolved 06/30/14 and all assets moved to step up for students.”

“This process has not changed since the prior year.”

“The scholarship organization network l3c, llc (the scholarship organization network) was a wholly owned subsidiary that commenced operations in march 2011 and filed a separate form 1120. The scholarship organization network evaluated scholarship eligibility for the scholarships that step up for students awarded. On june 30, 2014, the scholarship organization network was dissolved and its assets ($-4,995,766) were absorbed by step up for students. Step up for students now includes the application fee revenue as program service revenue.”