Form 990, Part VI, Section A, Line 7A
“Board members nominate potential new members to board. Potential board members are vetted by the board and asked to join if approved by majority vote”
990 • Fiscal year 2013 • EIN 61-1393028
Scores are not available for this record yet.
Assets
Flat$2,792,818
Flat from 2013
Net Assets
Flat$2,789,785
Flat from 2013
Liabilities
Flat$3,033
Flat from 2013
Revenue
Flat$649,209
Flat from 2013
Expenses
Flat$245,372
Flat from 2013
Net Income
Flat$403,837
Flat from 2013
To provide financial support for the governor's scholars program, inc.
To provide financial support for the governors scholars program, inc.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,823,064 | $2,090,815 | ▲ $267,751 |
| Cash and Non-Interest-Bearing Accounts | $607,863 | $504,712 | ▼ $103,151 |
| Pledges and Grants Receivable | $174,260 | $183,019 | ▲ $8,759 |
| Inventories for Sale or Use | $9,404 | $7,698 | ▼ $1,706 |
| Accounts Receivable | $4,468 | $6,574 | ▲ $2,106 |
| Total Assets | $2,619,059 | $2,792,818 | ▲ $173,759 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $1,102 | $3,033 | ▲ $1,931 |
| Total Liabilities | $1,102 | $3,033 | ▲ $1,931 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $1,999,712 | $2,171,540 | ▲ $171,828 |
| Permanently Rstr Net Assets | $618,245 | $618,245 | → $0 |
| Total Net Assets Fund Balance | $2,617,957 | $2,789,785 | ▲ $171,828 |
| Total Liabilities and Net Assets / Fund Balance | $2,619,059 | $2,792,818 | ▲ $173,759 |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2013 | $618,245 | - | - | - | $618,245 |
| 2012 | $618,245 | - | - | - | $618,245 |
| 2011 | $618,245 | - | - | - | $618,245 |
| 2010 | $318,245 | $300,000 | - | - | $618,245 |
| 2009 | $318,245 | - | - | - | $318,245 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Harold H Smith | President | PT | $70,000 | $70,000 |
| Name | Title |
|---|---|
| Christen Mcdonough Boone | Chair |
| Vince Gabbert | Vice Chair |
| Alice Sparks | Board Member |
| Ben Cundiff | Board Member |
| Jim Booth | Board Member |
| Joseph Paradis Iii | Board Member |
| Wayne M Martin | Board Member |
| William Malone | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $151,760 |
| Salaries, Compensation, and Employee Benefits | $92,112 |
| Total Fundraising Expense | $36,697 |
| Grants and Similar Amounts Paid | $1,500 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $70,000 | - | - | $70,000 |
| Fees for Service Investment Mgmnt Fees | $16,858 | - | - | $16,858 |
| Other Salaries and Wages | $15,470 | - | - | $15,470 |
| Fees for Services Accounting | $9,948 | - | - | $9,948 |
| Travel | $7,585 | - | - | $7,585 |
| Payroll Taxes | $6,642 | - | - | $6,642 |
| Other Expenses | $6,301 | - | $36,697 | $6,301 |
| All Other Expenses | $3,967 | - | - | $3,967 |
| Insurance | $2,739 | - | - | $2,739 |
| Information Technology | $2,423 | - | - | $2,423 |
| Grants to Domestic Individuals | $1,500 | - | - | $1,500 |
| Occupancy | $1,235 | - | - | $1,235 |
| Office Expenses | $889 | - | - | $889 |
| Total Functional Expenses | $208,675 | $0 | $36,697 | $245,372 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $245,372 |
| Total Expenses per Form 990 | $245,372 |
| Total Expenses per Audited Statements | $207,729 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $-37,643 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $3,000 |
| Fundraising Gross Income | $0 |
| Professional Fundraising Fees | $0 |
“Board members nominate potential new members to board. Potential board members are vetted by the board and asked to join if approved by majority vote”
“There are no committees that have the authority to act on behalf of the governing body.”
“A copy of form 990 is reviewed by the board and any changes thereto are made and approved by the board prior to filing form 990”
“Trustees are required to notify president of the board if any changes in previous conflict of interest statement submitted at beginning of year.”
“The president's performance, salary and benefits package are reviewed annually by the board of trustees which has access to comparability data. The president reviews the performance of other key employees and makes recommendations concerning salary and benefits to the board. The board makes the final decision on compensation and benefits.”
“Board makes governing documents available to the public upon request”
“Transfer to governors scholars program, inc. -475,000.”
“No change from prior year”
“Fundraising expenses merchandise expenses”
“Fundraising expenses merchandise expenses”
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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|---|---|---|
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| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 6574 |
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| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE FINANCIAL SUPPORT FOR THE GOVERNORS SCHOLARS PROGRAM, INC. |
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| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 3967 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 3967 |
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| IRS990/Desc | 0 | FINANCIAL SUPPORT PROVIDED TO VARIOUS EDUCATIONAL PROGRAMS OF GOVERNOR'S SCHOLARS PROGRAM, INC. |
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| IRS990/PrincipalOfficerNm | 0 | HAROLD H SMITH |
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| IRS990/PYTotalRevenueAmt | 0 | 615953 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 46961 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 39730 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 31909 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 214938 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.69200 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.68480 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2181742 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 756308 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 530022 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 487255 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 595084 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 991955 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 333734 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2938050 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 3152988 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 618245 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 618245 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 618245 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 618245 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 618245 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 618245 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 318245 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 300000 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 618245 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 318245 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 318245 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | -37643 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 245372 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 242991 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | -37643 |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | 37643 |
| IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 242991 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 37643 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 611566 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | FUNDRAISING EXPENSES MERCHANDISE EXPENSES |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | FUNDRAISING EXPENSES MERCHANDISE EXPENSES |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 245372 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 649209 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 854557 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 207729 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | BOARD MEMBERS NOMINATE POTENTIAL NEW MEMBERS TO BOARD. POTENTIAL BOARD MEMBERS ARE VETTED BY THE BOARD AND ASKED TO JOIN IF APPROVED BY MAJORITY VOTE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A COPY OF FORM 990 IS REVIEWED BY THE BOARD AND ANY CHANGES THERETO ARE MADE AND APPROVED BY THE BOARD PRIOR TO FILING FORM 990 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TRUSTEES ARE REQUIRED TO NOTIFY PRESIDENT OF THE BOARD IF ANY CHANGES IN PREVIOUS CONFLICT OF INTEREST STATEMENT SUBMITTED AT BEGINNING OF YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE PRESIDENT'S PERFORMANCE, SALARY AND BENEFITS PACKAGE ARE REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES WHICH HAS ACCESS TO COMPARABILITY DATA. THE PRESIDENT REVIEWS THE PERFORMANCE OF OTHER KEY EMPLOYEES AND MAKES RECOMMENDATIONS CONCERNING SALARY AND BENEFITS TO THE BOARD. THE BOARD MAKES THE FINAL DECISION ON COMPENSATION AND BENEFITS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BOARD MAKES GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | TRANSFER TO GOVERNORS SCHOLARS PROGRAM, INC. -475,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | NO CHANGE FROM PRIOR YEAR |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XII, LINE 2C: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 1 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1 | 0 | THE GOVERNOR'S SCHOLARS PROGRAM INC |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 611026274 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | KY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | EDUCATIONAL PROGRAMS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | SECTION 170(B)(1)(A) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1 | 0 | 1024 CAPITAL CENTER DRIVE 210 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City | 0 | FRANKFORT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State | 0 | KY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode | 0 | 40601 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 1 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 1 |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | KY |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 1999712 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 2171540 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 1 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 2619059 |
| IRS990/TotalAssetsEOYAmt | 0 | 2792818 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 2619059 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2792818 |
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Displayed year
2013 • Form 990Detailed filing. Detailed filing data is available for this year.