Civic Intelligence

The Governor'S Scholars Program Foundation Inc

990 • Fiscal year 2022 • EIN 61-1393028

Jan 01, 2022 to Dec 31, 2022 • Filed on May 31, 2023

Organization ProfileGSP.KY.GOV
112 Consumer LaneFrankfort, KY 40601

(502) 209-4420

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.06x

Higher debt load relative to revenue than 45% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

65th percentile

16%

Higher net margin than 65% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

80th percentile

$132,192

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 20.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

19th percentile

-10%

Faster asset growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

28th percentile

-9.3%

Faster revenue growth than 28% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$3,597,407

Down $415,353 (-10%) from 2021

Net Assets

Down

$3,558,854

Down $451,497 (-11%) from 2021

Liabilities

Up

$38,553

Up $36,144 (+1500%) from 2021

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin65th percentile

Revenue

Down

$651,381

Down $66,865 (-9.3%) from 2021

Expenses

Down

$548,922

Down $40,879 (-6.9%) from 2021

Net Income

Down

$102,459

Down $25,986 (-20%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,297,008Liabilities 2010: $2,652Net Assets 2010: $2,294,3562010Assets 2011: $2,476,043Liabilities 2011: $869Net Assets 2011: $2,475,1742011Assets 2012: $2,619,059Liabilities 2012: $1,102Net Assets 2012: $2,617,9572012Assets 2013: $2,792,818Liabilities 2013: $3,033Net Assets 2013: $2,789,7852013Assets 2014: $2,743,232Liabilities 2014: $21,583Net Assets 2014: $2,721,6492014Assets 2015: $2,666,307Liabilities 2015: $1,115Net Assets 2015: $2,665,1922015Assets 2016: $2,750,871Liabilities 2016: $1,772Net Assets 2016: $2,749,0992016Assets 2017: $2,884,249Liabilities 2017: $1,541Net Assets 2017: $2,882,7082017Assets 2018: $2,801,417Liabilities 2018: $2,922Net Assets 2018: $2,798,4952018Assets 2019: $2,971,384Liabilities 2019: $2,845Net Assets 2019: $2,968,5392019Assets 2020: $3,381,969Liabilities 2020: $22,448Net Assets 2020: $3,359,5212020Assets 2021: $4,012,760Liabilities 2021: $2,409Net Assets 2021: $4,010,3512021Assets 2022: $3,597,407Liabilities 2022: $38,553Net Assets 2022: $3,558,8542022Assets 2023: $3,972,731Liabilities 2023: $23,672Net Assets 2023: $3,949,0592023Assets 2024: $4,257,048Liabilities 2024: $56,259Net Assets 2024: $4,200,7892024

Highlighted filing

2022

Assets$3,597,407
Liabilities$38,553
Net Assets$3,558,854
Open 2022 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $212,7362010Expenses 2011: $228,8002011Expenses 2012: $201,5782012Revenue 2013: $649,209Expenses 2013: $245,372Net Income 2013: $403,8372013Revenue 2014: $589,906Expenses 2014: $313,140Net Income 2014: $276,7662014Revenue 2015: $636,045Expenses 2015: $226,887Net Income 2015: $409,1582015Revenue 2016: $654,250Expenses 2016: $205,681Net Income 2016: $448,5692016Revenue 2017: $572,093Expenses 2017: $204,543Net Income 2017: $367,5502017Revenue 2018: $676,681Expenses 2018: $640,341Net Income 2018: $36,3402018Revenue 2019: $606,177Expenses 2019: $745,882Net Income 2019: -$139,7052019Revenue 2020: $503,055Expenses 2020: $339,078Net Income 2020: $163,9772020Revenue 2021: $718,246Expenses 2021: $589,801Net Income 2021: $128,4452021Revenue 2022: $651,381Expenses 2022: $548,922Net Income 2022: $102,4592022Revenue 2023: $558,834Expenses 2023: $690,202Net Income 2023: -$131,3682023Revenue 2024: $880,831Expenses 2024: $737,843Net Income 2024: $142,9882024

Highlighted filing

2022

Revenue$651,381
Expenses$548,922
Net Income$102,459
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 31, 2023
Return Version
2022v5.0
Gross Receipts
$844,526
Mission and Program Overview

Mission

To provide financial support for the governor's scholars program, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,509,786$2,983,675▼ $526,111
Cash and Non-Interest-Bearing Accounts$388,843$413,334▲ $24,491
Pledges and Grants Receivable$88,270$117,862▲ $29,592
Prepaid Expenses and Deferred Charges$413$53,439▲ $53,026
Inventories for Sale or Use$19,218$22,721▲ $3,503
Total Assets$4,012,760$3,597,407▼ $415,353
Other Assets Total$6,230$6,376▲ $146
Liabilities
Accounts Payable and Accrued Expenses$2,409$38,553▲ $36,144
Total Liabilities$2,409$38,553▲ $36,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,297,687$2,815,567▼ $482,120
Net Assets With Donor Restrictions$712,664$743,287▲ $30,623
Total Net Assets Fund Balance$4,010,351$3,558,854▼ $451,497
Total Liabilities and Net Assets / Fund Balance$4,012,760$3,597,407▼ $415,353

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,417,245---$1,417,245
2021$1,417,245---$1,417,245
2020$1,417,245---$1,417,245
2019$1,417,245---$1,417,245
2018$1,417,245---$1,417,245
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Doug DrautPresident/secretaryFT$117,254$14,938$132,192

Board Members and Trustees

NameTitle
Alan SteinChair
Trey GraysonGsp Chair
Vince GabbertVice Chair
Harold H Hal SmithBoard Member
Laura Coleman PritchardBoard Member
Wayne M MartinBoard Member
William MaloneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$561,911
Program Service Revenue
$0
Investment Income
$51,275
Other Revenue
$38,195
All Other Contributions
$549,106
Change in Net Assets
$102,459

Audited Revenue Reconciliation

Revenue per Audited Statements
$670,812
Revenue Not Reported on Financial Statements
$-19,431
Revenue Not Reported on Form 990
$-553,956
Other Revenue Adjustments
$-42,707
Total Revenue per Audited Statements
$116,856
Total Revenue per Form 990
$651,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$285,000
Salaries, Compensation, and Employee Benefits$141,162
Other Expenses$122,760
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$285,000--$285,000
Current Officers, Directors, Trustees, and Key Employees$97,016$35,176-$132,192
Office Expenses$46,380$925-$47,305
Fees for Service Investment Mgmnt Fees-$23,276-$23,276
Payroll Taxes$6,279$2,691-$8,970
Fees for Services Accounting-$6,506-$6,506
Travel$5,202$566-$5,768
Insurance-$3,633-$3,633
Occupancy-$2,074-$2,074
Information Technology$1,025$985-$2,010
Other Expenses$40$133-$173
All Other Expenses-$100-$100
Total Functional Expenses$447,555$101,367$0$548,922

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$568,353
Total Expenses per Form 990$548,922
Expenses per Audited Statements$525,646
Expenses Not Reported on Form 990$42,707
Expenses Not Reported on Financial Statements$23,276
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
GOVERNOR'S SCHOLARS PROGRAM INCFrankfort, KY501(c)(3)ASSIST IN FUNDING CURRENT YEAR OPERATIONS FOR THE GOVERNOR'S SCHOLARS PROGRAM$285,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,820
Fundraising Gross Income$2,820
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Alumni Reunion$15,625$2,820-$2,820
Total Events$15,625$2,820$2,820$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
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 that have the authority to act on behalf of the governing body.”

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

“The 990 is reviewed and approved by the board treasurer.”

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

“Trustees are required to notify the president of the board of any changes in previous conflict of interest statement submitted at the beginning of the year.”

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

“The president's performance, salary and benefits package are reviewed by the board of trustees which has access to comparability data. The board makes the final decision on compensation and benefits.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
GOVERNOR'S SCHOLARS PROGRAM
EIN
61-1393028
Phone
5022094420
Address
112 CONSUMER LANE, FRANKFORT, KY 40601

Signing Officer

Name
William Malone
Title
Treasurer
Phone
5022094420
Signed
2023-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Malone
Formed
2001
Legal Domicile
Ky
Voting Board Members
8
Independent Board Members
7
Employees
1
Volunteers
7

Preparer

Firm
Deming Malone Livesay & Ostroff Psc
Address
9300 SHELBYVILLE RD STE 1100, LOUISVILLE, KY 40222-5187
Preparer
Christine N Koenig
Phone
5024269660
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The endowment consists of funds to support the long-term operations of the foundation, including continued support of the governor's scholars program. A portion of the endowment is also specific to supporting scholars and faculty from rowan and elliott counties attending the governor's scholars program.”

PART X, LINE 2:

“The foundation files an informational return with the u.s. Federal jurisdiction and the kentucky attorney general. Income from certain activities not directly related to the foundation's tax exempt purpose may be subject to taxation as unrelated business income. The foundation was not subject to unrelated business income tax in 2022 or 2021.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Merchandise cogs -39,887. Fundraising event expenses -2,820.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Merchandise cogs 39,887. Fundraising event expenses 2,820.”

Raw XML AppendixShowing 400 of 499 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/OtherExpensesGrp/ProgramServicesAmt06613
IRS990/OtherExpensesGrp/ProgramServicesAmt140
IRS990/OtherExpensesGrp/TotalAmt022289
IRS990/OtherExpensesGrp/TotalAmt17340
IRS990/OtherExpensesGrp/TotalAmt22286
IRS990/OtherExpensesGrp/TotalAmt3173
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02691
IRS990/PayrollTaxesGrp/ProgramServicesAmt06279
IRS990/PayrollTaxesGrp/TotalAmt08970
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt088270
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0117862
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0413
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt053439
IRS990/PrincipalOfficerNm0WILLIAM MALONE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0594810
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0319577
IRS990/PYInvestmentIncomeAmt096244
IRS990/PYOtherExpensesAmt0131771
IRS990/PYOtherRevenueAmt027192
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0128445
IRS990/PYSalariesCompEmpBnftPaidAmt0138453
IRS990/PYTotalExpensesAmt0589801
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0718246
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0102459
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt038195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0561911
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0594810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0307629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0379836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0567264
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02411450
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt050452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt046604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt047487
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0176872
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt050970
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0372385
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0159434
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73090
IRS990ScheduleA/PublicSupportPY170Pct00.73340
IRS990ScheduleA/PublicSupportTotal170Amt02034713
IRS990ScheduleA/SubstantialContributorsTotAmt0376737
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0561911
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0594810
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0307629
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0379836
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0567264
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02411450
IRS990ScheduleA/TotalSupportAmt02783835
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
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.56377
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01417245
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01417245
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01417245
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01417245
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01417245
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01417245
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01417245
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01417245
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01417245
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01417245
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt042707
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt023276
IRS990ScheduleD/ExpensesSubtotalAmt0525646
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt023276
IRS990ScheduleD/InvestmentExpensesNotIncldAmt023276
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-553956
IRS990ScheduleD/OtherExpensesIncludedAmt042707
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-42707
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.43623
IRS990ScheduleD/RevenueNotReportedAmt0-553956
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-19431
IRS990ScheduleD/RevenueSubtotalAmt0670812
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT CONSISTS OF FUNDS TO SUPPORT THE LONG-TERM OPERATIONS OF THE FOUNDATION, INCLUDING CONTINUED SUPPORT OF THE GOVERNOR'S SCHOLARS PROGRAM. A PORTION OF THE ENDOWMENT IS ALSO SPECIFIC TO SUPPORTING SCHOLARS AND FACULTY FROM ROWAN AND ELLIOTT COUNTIES ATTENDING THE GOVERNOR'S SCHOLARS PROGRAM.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION FILES AN INFORMATIONAL RETURN WITH THE U.S. FEDERAL JURISDICTION AND THE KENTUCKY ATTORNEY GENERAL. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION WAS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX IN 2022 OR 2021.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2MERCHANDISE COGS -39,887. FUNDRAISING EVENT EXPENSES -2,820.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3MERCHANDISE COGS 39,887. FUNDRAISING EVENT EXPENSES 2,820.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0548922
IRS990ScheduleD/TotalRevenuePerForm990Amt0651381
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0116856
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0568353
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt012805
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt012805
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02820
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ALUMNI REUNION
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02820
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02820
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015625
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015625
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt02820
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt02820
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0285000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSIST IN FUNDING CURRENT YEAR OPERATIONS FOR THE GOVERNOR'S SCHOLARS PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GOVERNOR'S SCHOLARS PROGRAM INC
IRS990ScheduleI/RecipientTable/RecipientEIN0611026274
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0112 CONSUMER LANE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FRANKFORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd040601
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION OPERATES EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE GRANT RECIPIENT. GOVERNANCE AND MANAGEMENT OF THE FOUNDATION ARE IN CLOSE CONTACT WITH GOVERNANCE AND MANAGEMENT OF THE GRANT RECIPIENT FOR MONITORING PURPOSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED AND APPROVED BY THE BOARD TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUSTEES ARE REQUIRED TO NOTIFY THE PRESIDENT OF THE BOARD OF ANY CHANGES IN PREVIOUS CONFLICT OF INTEREST STATEMENT SUBMITTED AT THE BEGINNING OF THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT'S PERFORMANCE, SALARY AND BENEFITS PACKAGE ARE REVIEWED BY THE BOARD OF TRUSTEES WHICH HAS ACCESS TO COMPARABILITY DATA. THE BOARD MAKES THE FINAL DECISION ON COMPENSATION AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GOVERNOR'S SCHOLARS PROGRAM INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611026274
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATIONAL PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0112 CONSUMER LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FRANKFORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040601
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,597,407
Liabilities
$38,553
Net assets
$3,558,854
Revenue
$651,381
Expenses
$548,922
Net income
$102,459
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$0.06$4.20$0.88$0.74$0.14
2023Summary only. Only limited summary data is available for this year.$3.97$0.02$3.95$0.56$0.69$0.13
2022Detailed filing. Detailed filing data is available for this year.$3.60$0.04$3.56$0.65$0.55$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.01$0.00$4.01$0.72$0.59$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$0.02$3.36$0.50$0.34$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.97$0.00$2.97$0.61$0.75$0.14
2018Summary only. Only limited summary data is available for this year.$2.80$0.00$2.80$0.68$0.64$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$0.00$2.88$0.57$0.20$0.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.00$2.75$0.65$0.21$0.45
2015Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$0.64$0.23$0.41
2014Detailed filing. Detailed filing data is available for this year.$2.74$0.02$2.72$0.59$0.31$0.28
2013Summary only. Only limited summary data is available for this year.$2.79$0.00$2.79$0.65$0.25$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.00$2.62$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.00$2.48$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.00$2.29$0.21