Civic Intelligence

The Governor'S Scholars Program

EIN 61-1393028 • 501(c)3 • Frankfort, KY

Profile

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

112 Consumer LaneFrankfort, KY 40601

gsp.ky.gov

Siviq Scores

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

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.06x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$141,521

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

59th percentile

7.2%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

58%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$4,257,048

Up $284,317 (+7.2%) from 2023

Liabilities

Up

$56,259

Up $32,587 (+138%) from 2023

Net Assets

Up

$4,200,789

Up $251,730 (+6.4%) from 2023

Operations
Liabilities / Revenue47th percentileNet Margin69th percentile

Revenue

Up

$880,831

Up $321,997 (+58%) from 2023

Expenses

Up

$737,843

Up $47,641 (+6.9%) from 2023

Net Income

Up

$142,988

Up $274,356 (+209%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

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

$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

2024

Assets$4,257,048
Liabilities$56,259
Net Assets$4,200,789
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$880,831
Expenses$737,843
Net Income$142,988
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,257,048
Liabilities
$56,259
Net assets
$4,200,789
Revenue
$880,831
Expenses
$737,843
Net income
$142,988
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
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 27, 2025
Return Version
2024v5.1
Gross Receipts
$1,199,237
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$3,479,588$3,557,128▲ $77,540
Cash and Non-Interest-Bearing Accounts$198,315$576,014▲ $377,699
Land, Buildings, and Equipment, Net$159,800--
Pledges and Grants Receivable$118,356$107,138▼ $11,218
Inventories for Sale or Use$16,500$16,500→ $0
Prepaid Expenses and Deferred Charges$172$268▲ $96
Total Assets$3,972,731$4,257,048▲ $284,317
Liabilities
Accounts Payable and Accrued Expenses$23,672$56,259▲ $32,587
Total Liabilities$23,672$56,259▲ $32,587
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,250,861$3,539,921▲ $289,060
Net Assets With Donor Restrictions$698,198$660,868▼ $37,330
Total Net Assets Fund Balance$3,949,059$4,200,789▲ $251,730
Total Liabilities and Net Assets / Fund Balance$3,972,731$4,257,048▲ $284,317

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,417,245---$1,417,245
2023$1,417,245---$1,417,245
2022$1,417,245---$1,417,245
2021$1,417,245---$1,417,245
2020$1,417,245---$1,417,245
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Doug DrautPresident/secretaryFT$125,660$15,861$141,521

Board Members and Trustees

NameTitle
Alan SteinChair
Vince GabbertVice Chair
Harold H Hal SmithBoard Member
Laura Coleman PritchardBoard Member
Mike BuckentinBoard Member
Srini MatamBoard Member
Trey GraysonBoard Member
Wayne M MartinBoard Member
William MaloneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$586,269
Program Service Revenue
$0
Investment Income
$258,149
Other Revenue
$36,413
All Other Contributions
$576,037
Change in Net Assets
$142,988

Audited Revenue Reconciliation

Revenue per Audited Statements
$899,648
Revenue Not Reported on Financial Statements
$-18,817
Revenue Not Reported on Form 990
$108,742
Other Revenue Adjustments
$-43,993
Total Revenue per Audited Statements
$1,008,390
Total Revenue per Form 990
$880,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$450,000
Salaries, Compensation, and Employee Benefits$151,145
Other Expenses$136,698
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$450,000--$450,000
Current Officers, Directors, Trustees, and Key Employees$103,823$37,698-$141,521
Office Expenses$42,997$497-$43,494
Fees for Service Investment Mgmnt Fees-$25,176-$25,176
Payroll Taxes$6,737$2,887-$9,624
Fees for Services Accounting-$7,424-$7,424
Travel$7,108$253-$7,361
Insurance-$4,906-$4,906
Information Technology$2,619$524-$3,143
Occupancy-$2,406-$2,406
Other Expenses$50$869-$919
Total Functional Expenses$620,110$117,733$0$737,843

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$756,660
Total Expenses per Form 990$737,843
Expenses per Audited Statements$712,667
Expenses Not Reported on Form 990$43,993
Expenses Not Reported on Financial Statements$25,176
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$450,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,214
Fundraising Gross Income$2,214
Professional Fundraising Fees$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
2025-05-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Malone
Formed
2001
Legal Domicile
Ky
Voting Board Members
10
Independent Board Members
9
Employees
1
Volunteers
9

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 2024 or 2023.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Merchandise cogs -41,779. Fundraising event expenses -2,214.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Merchandise cogs 41,779. Fundraising event expenses 2,214.”

Raw XML AppendixShowing 400 of 503 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0465575
IRS990/GrossReceiptsAmt01199237
IRS990/GrossSalesOfInventoryAmt078192
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0524
IRS990/InformationTechnologyGrp/ProgramServicesAmt02619
IRS990/InformationTechnologyGrp/TotalAmt03143
IRS990/InsuranceGrp/ManagementAndGeneralAmt04906
IRS990/InsuranceGrp/TotalAmt04906
IRS990/InventoriesForSaleOrUseGrp/BOYAmt016500
IRS990/InventoriesForSaleOrUseGrp/EOYAmt016500
IRS990/InvestmentIncomeGrp/ExclusionAmt066987
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt066987
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03479588
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03557128
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0159800
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0159800
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0114613
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO RAISE AND MANAGE FINANCIAL SUPPORT FOR THE GOVERNOR'S SCHOLARS PROGRAM, INC. (GSP), AS WELL AS TO PROVIDE PLANNED GIVING OPPORTUNITIES FOR DONORS WHO ARE INTERESTED IN SUPPORTING GSP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03949059
IRS990/NetAssetsOrFundBalancesEOYAmt04200789
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0191162
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0191162
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt036413
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt036413
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0108742
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03250861
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03539921
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02406
IRS990/OccupancyGrp/TotalAmt02406
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0497
IRS990/OfficeExpensesGrp/ProgramServicesAmt042997
IRS990/OfficeExpensesGrp/TotalAmt043494
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMIN FEE GSP
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEV - FR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt034784
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1309
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2869
IRS990/OtherExpensesGrp/ProgramServicesAmt06776
IRS990/OtherExpensesGrp/ProgramServicesAmt150
IRS990/OtherExpensesGrp/TotalAmt034784
IRS990/OtherExpensesGrp/TotalAmt17085
IRS990/OtherExpensesGrp/TotalAmt2919
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02887
IRS990/PayrollTaxesGrp/ProgramServicesAmt06737
IRS990/PayrollTaxesGrp/TotalAmt09624
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0118356
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0107138
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0172
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0268
IRS990/PrincipalOfficerNm0WILLIAM MALONE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0408468
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0425000
IRS990/PYInvestmentIncomeAmt0121233
IRS990/PYOtherExpensesAmt0117749
IRS990/PYOtherRevenueAmt029133
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-131368
IRS990/PYSalariesCompEmpBnftPaidAmt0147453
IRS990/PYTotalExpensesAmt0690202
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0558834
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0142988
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt036413
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0586269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0408468
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0561911
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0594810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0307629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02459087
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt066987
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt052855
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt050452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt046604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt047487
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0264385
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0307050
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75670
IRS990ScheduleA/PublicSupportPY170Pct00.73960
IRS990ScheduleA/PublicSupportTotal170Amt02060901
IRS990ScheduleA/SubstantialContributorsTotAmt0398186
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0586269
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0408468
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0561911
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0594810
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0307629
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02459087
IRS990ScheduleA/TotalSupportAmt02723472
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/ExpensesNotReportedAmt043993
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt025176
IRS990ScheduleD/ExpensesSubtotalAmt0712667
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt025176
IRS990ScheduleD/InvestmentExpensesNotIncldAmt025176
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0108742
IRS990ScheduleD/OtherExpensesIncludedAmt043993
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-43993
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.43623
IRS990ScheduleD/RevenueNotReportedAmt0108742
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-18817
IRS990ScheduleD/RevenueSubtotalAmt0899648
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 2024 OR 2023.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2MERCHANDISE COGS -41,779. FUNDRAISING EVENT EXPENSES -2,214.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3MERCHANDISE COGS 41,779. FUNDRAISING EVENT EXPENSES 2,214.
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/TotalExpensesPerForm990Amt0737843
IRS990ScheduleD/TotalRevenuePerForm990Amt0880831
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01008390
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0756660
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0450000
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

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