Civic Intelligence

The Governor'S Scholars Program Foundation Inc

990 • Fiscal year 2018 • EIN 61-1393028

Jan 01, 2018 to Dec 31, 2018 • Filed on May 09, 2019

Organization ProfileGSP.KY.GOV
1024 Capital Center Drive No 210Frankfort, KY 40601

(502) 573-1618

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

56th percentile

5.4%

Higher net margin than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

53rd percentile

$70,000

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

32nd percentile

-2.9%

Faster asset growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

18%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets17th percentile

Assets

Flat

$2,801,417

Flat from 2018

Net Assets

Flat

$2,798,495

Flat from 2018

Liabilities

Flat

$2,922

Flat from 2018

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin56th percentile

Revenue

Flat

$676,681

Flat from 2018

Expenses

Flat

$640,341

Flat from 2018

Net Income

Flat

$36,340

Flat from 2018

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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 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

2018

Assets$2,801,417
Liabilities$2,922
Net Assets$2,798,495
Open 2018 Filing

Operations Trend

Revenue Growth73rd 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 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

2018

Revenue$676,681
Expenses$640,341
Net Income$36,340
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 9, 2019
Return Version
2018v3.1
Gross Receipts
$792,835
Mission and Program Overview

Mission

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

To provide financial support for the governors scholars program, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,335,519$2,008,641▼ $326,878
Investments Other Securities$153,972$370,266▲ $216,294
Pledges and Grants Receivable$163,324$215,746▲ $52,422
Cash and Non-Interest-Bearing Accounts$201,534$170,964▼ $30,570
Inventories for Sale or Use$23,760$29,163▲ $5,403
Accounts Receivable$6,140$6,637▲ $497
Total Assets$2,884,249$2,801,417▼ $82,832
Liabilities
Accounts Payable and Accrued Expenses$1,541$2,922▲ $1,381
Total Liabilities$1,541$2,922▲ $1,381
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,264,463$2,180,250▼ $84,213
Permanently Rstr Net Assets$618,245$618,245→ $0
Total Net Assets Fund Balance$2,882,708$2,798,495▼ $84,213
Total Liabilities and Net Assets / Fund Balance$2,884,249$2,801,417▼ $82,832

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$187,440--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$618,245---$618,245
2017$618,245---$618,245
2016$618,245---$618,245
2015$618,245---$618,245
2014$618,245---$618,245
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Harold H SmithPresident and SecretaryPT$70,000$70,000

Board Members and Trustees

NameTitle
Christen Mcdonough BooneChair
Vance GabbertVice Chair
Alice SparksBoard Member
Ben CundiffBoard Member
Eric G FarrisBoard Member
Jim BoothBoard Member
Neil RamseyBoard Member
Trey GreysonBoard Member
Wayne M MartinBoard Member
William MaloneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$567,264
Program Service Revenue
$0
Investment Income
$70,206
Other Revenue
$39,211
All Other Contributions
$554,294
Change in Net Assets
$36,340

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,492
Revenue Not Reported on Financial Statements
$-2,811
Revenue Not Reported on Form 990
$-140,530
Other Revenue Adjustments
$-2,811
Total Revenue per Audited Statements
$538,962
Total Revenue per Form 990
$676,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$415,000
Other Expenses$149,986
Salaries, Compensation, and Employee Benefits$75,355
Total Fundraising Expense$46,571
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$415,000--$415,000
Current Officers, Directors, Trustees, and Key Employees-$70,000-$70,000
Fees for Service Investment Mgmnt Fees-$19,977-$19,977
Fees for Services Accounting-$8,140-$8,140
Travel-$6,833-$6,833
Information Technology-$6,514-$6,514
Other Expenses-$5,902$46,571$5,902
Payroll Taxes-$5,355-$5,355
Occupancy-$3,770-$3,770
Insurance-$2,803-$2,803
All Other Expenses-$2,535-$2,535
Office Expenses-$1,383-$1,383
Total Functional Expenses$415,000$178,770$46,571$640,341

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$640,341
Total Expenses per Audited Statements$623,175
Expenses per Audited Statements$620,364
Expenses Not Reported on Financial Statements$19,977
Other Expense Adjustments$19,977
Expenses Not Reported on Form 990$2,811
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
THE GOVERNOR'S SCHOLAR PROGRAM INCFrankfort, KY501(c)3ASSIST IN FUNDING CURRENT YEAR OPERATIONS FOR THE GOVERNOR'S SCHOLARS PROGRAM$415,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,811
Fundraising Gross Income$0
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 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
Yes
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 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”

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

“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”

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

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

Form 990, Part VI, Section B, Line 15

“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.”

Form 990, Part VI, Section C, Line 19

“Board makes governing documents available to the public upon request”

Filing and Contact Details

Filer

Filer Name
THE GOVERNOR'S SCHOLARS PROGRAM
EIN
61-1393028
Phone
5025731618
Address
1024 CAPITAL CENTER DRIVE NO 210, FRANKFORT, KY 40601

Signing Officer

Name
William Malone
Title
Treasurer
Phone
5025731630
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Malone
Formed
2001
Legal Domicile
Ky
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
25

Preparer

Firm
Kring Ray Farley & Riddle Psc
Address
444 EAST MAIN STREET STE 203, LEXINGTON, KY 40507
Preparer
Tammy Doyle Farley
Phone
8592310541
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change from prior year”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Investment management fees”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FUNDRAISING EXPENSES”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“FUNDRAISING EXPENSES”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees”

Raw XML AppendixShowing 400 of 502 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/NetIncomeOrLossGrp/TotalRevenueColumnAmt042022
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-120553
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03770
IRS990/OccupancyGrp/TotalAmt03770
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01383
IRS990/OfficeExpensesGrp/TotalAmt01383
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FUNDRAISING (MAILINGS)
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3PRINTING/PUBLICATIONS/P
IRS990/OtherExpensesGrp/FundraisingAmt046571
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt033188
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112370
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25902
IRS990/OtherExpensesGrp/TotalAmt046571
IRS990/OtherExpensesGrp/TotalAmt133188
IRS990/OtherExpensesGrp/TotalAmt212370
IRS990/OtherExpensesGrp/TotalAmt35902
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05355
IRS990/PayrollTaxesGrp/TotalAmt05355
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0618245
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0618245
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0163324
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0215746
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WILLIAM MALONE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0429099
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0110840
IRS990/PYOtherExpensesAmt0129188
IRS990/PYOtherRevenueAmt032154
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0367550
IRS990/PYSalariesCompEmpBnftPaidAmt075355
IRS990/PYTotalExpensesAmt0204543
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0572093
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt036340
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0586500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0567264
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0429099
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0544155
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0492555
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0479631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02512704
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt050970
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt049945
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt052976
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt051259
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt048255
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0253405
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77170
IRS990ScheduleA/PublicSupportPY170Pct00.77720
IRS990ScheduleA/PublicSupportTotal170Amt02134636
IRS990ScheduleA/SubstantialContributorsTotAmt0378068
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0567264
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0429099
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0544155
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0492555
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0479631
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02512704
IRS990ScheduleA/TotalSupportAmt02766109
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0618245
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0618245
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0618245
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0618245
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0618245
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0618245
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0618245
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0618245
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0618245
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0618245
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt02811
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt019977
IRS990ScheduleD/ExpensesSubtotalAmt0620364
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-120553
IRS990ScheduleD/OtherExpensesIncludedAmt02811
IRS990ScheduleD/OtherExpensesNotIncludedAmt019977
IRS990ScheduleD/OtherRevenueAmt0-19977
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-2811
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0182826
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1187440
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MICROSOFT CORP COM
IRS990ScheduleD/OtherSecuritiesGrp/Desc1SPDR S&P 500 ETF
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-140530
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-2811
IRS990ScheduleD/RevenueSubtotalAmt0679492
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVESTMENT MANAGEMENT FEES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3INVESTMENT MANAGEMENT FEES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0370266
IRS990ScheduleD/TotalExpensesPerForm990Amt0640341
IRS990ScheduleD/TotalRevenuePerForm990Amt0676681
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0538962
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0623175
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0415000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSIST IN FUNDING CURRENT YEAR OPERATIONS FOR THE GOVERNOR'S SCHOLARS PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE GOVERNOR'S SCHOLAR PROGRAM INC
IRS990ScheduleI/RecipientTable/RecipientEIN0611026274
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01024 CAPITAL CENTER DRIVE 210
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FRANKFORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd040601
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD 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/ExplanationTxt1THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A 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/ExplanationTxt3TRUSTEES ARE REQUIRED TO NOTIFY PRESIDENT OF THE BOARD IF ANY CHANGES IN PREVIOUS CONFLICT OF INTEREST STATEMENT SUBMITTED AT BEGINNING OF YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5BOARD MAKES GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGE FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE GOVERNOR'S SCHOLARS PROGRAM INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611026274
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATIONAL PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0SECTION 170(B)(1)(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01024 CAPITAL CENTER DRIVE 210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FRANKFORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040601
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,801,417
Liabilities
$2,922
Net assets
$2,798,495
Revenue
$676,681
Expenses
$640,341
Net income
$36,340
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
2018Detailed filing. Detailed filing data is available for this year.$2.80$0.00$2.80$0.68$0.64$0.04
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