Civic Intelligence

The Governor'S Scholars Program Foundation Inc

990 • Fiscal year 2019 • EIN 61-1393028

Jan 01, 2019 to Dec 31, 2019 • Filed on May 18, 2020

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

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

20th percentile

0.00x

Higher debt load relative to revenue than 20% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

12th percentile

-23%

Higher net margin than 12% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

56th percentile

$75,069

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

59th percentile

6.1%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

22nd percentile

-10%

Faster revenue growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$2,971,384

Up $169,967 (+6.1%) from 2018

Net Assets

Up

$2,968,539

Up $170,044 (+6.1%) from 2018

Liabilities

Down

$2,845

Down $77 (-2.6%) from 2018

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin12th percentile

Revenue

Down

$606,177

Down $70,504 (-10%) from 2018

Expenses

Up

$745,882

Up $105,541 (+16%) from 2018

Net Income

Down

-$139,705

Down $176,045 (-484%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2019

Assets$2,971,384
Liabilities$2,845
Net Assets$2,968,539
Open 2019 Filing

Operations Trend

Revenue Growth22nd 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

2019

Revenue$606,177
Expenses$745,882
Net Income-$139,705
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 18, 2020
Return Version
2019v5.1
Gross Receipts
$849,131
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$2,008,641$2,339,284▲ $330,643
Investments Other Securities$370,266$279,698▼ $90,568
Cash and Non-Interest-Bearing Accounts$170,964$201,153▲ $30,189
Pledges and Grants Receivable$215,746$115,509▼ $100,237
Inventories for Sale or Use$29,163$28,238▼ $925
Accounts Receivable$6,637$6,142▼ $495
Prepaid Expenses and Deferred Charges-$1,360-
Total Assets$2,801,417$2,971,384▲ $169,967
Liabilities
Accounts Payable and Accrued Expenses$2,922$2,845▼ $77
Total Liabilities$2,922$2,845▼ $77
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,798,495$2,968,539▲ $170,044
Total Net Assets Fund Balance$2,798,495$2,968,539▲ $170,044
Total Liabilities and Net Assets / Fund Balance$2,801,417$2,971,384▲ $169,967

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$279,698--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$618,245---$618,245
2018$618,245---$618,245
2017$618,245---$618,245
2016$618,245---$618,245
2015$618,245---$618,245
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Doug DrautPresident/secretaryFT$75,069$75,069

Board Members and Trustees

NameTitle
Christen Mcdonough BooneChair
Vance GabbertVice Chair
Alice SparksBoard 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
$391,586
Program Service Revenue
$0
Investment Income
$176,872
Other Revenue
$37,719
All Other Contributions
$379,836
Change in Net Assets
$-139,705

Audited Revenue Reconciliation

Revenue per Audited Statements
$591,455
Revenue Not Reported on Financial Statements
$14,722
Revenue Not Reported on Form 990
$313,422
Total Revenue per Audited Statements
$904,877
Total Revenue per Form 990
$606,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$500,000
Other Expenses$156,105
Salaries, Compensation, and Employee Benefits$89,777
Total Fundraising Expense$41,987
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$500,000--$500,000
Current Officers, Directors, Trustees, and Key Employees-$80,904-$80,904
Fees for Services Other-$16,000-$16,000
Fees for Service Investment Mgmnt Fees-$14,722-$14,722
Insurance-$8,526-$8,526
Fees for Services Accounting-$8,364-$8,364
Travel-$6,292-$6,292
Payroll Taxes-$6,190-$6,190
Other Expenses-$4,953$41,987$4,953
Occupancy-$4,100-$4,100
Information Technology-$3,859-$3,859
Office Expenses-$3,410-$3,410
Pension Plan Contributions-$2,683-$2,683
All Other Expenses-$1,875-$1,875
Total Functional Expenses$500,000$203,895$41,987$745,882

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$745,882
Total Expenses per Audited Statements$734,833
Expenses per Audited Statements$731,160
Expenses Not Reported on Financial Statements$14,722
Other Expense Adjustments$14,722
Expenses Not Reported on Form 990$3,673
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$500,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,673
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
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
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
5022094420
Address
112 CONSUMER LANE, FRANKFORT, KY 40601

Signing Officer

Name
William Malone
Title
Treasurer
Phone
5025731630
Signed
2020-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Malone
Formed
2001
Legal Domicile
Ky
Voting Board Members
10
Independent Board Members
10
Employees
2
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:

“FUNDRAISING EXPENSES”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“FUNDRAISING EXPENSES”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees”

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/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FUNDRAISING (MAILINGS)
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3PRINTING/PUBLICATIONS/P
IRS990/OtherExpensesGrp/FundraisingAmt041987
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt034171
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17846
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24953
IRS990/OtherExpensesGrp/TotalAmt041987
IRS990/OtherExpensesGrp/TotalAmt134171
IRS990/OtherExpensesGrp/TotalAmt27846
IRS990/OtherExpensesGrp/TotalAmt34953
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06190
IRS990/PayrollTaxesGrp/TotalAmt06190
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02683
IRS990/PensionPlanContributionsGrp/TotalAmt02683
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0215746
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0115509
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01360
IRS990/PrincipalOfficerNm0WILLIAM MALONE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0567264
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0415000
IRS990/PYInvestmentIncomeAmt070206
IRS990/PYOtherExpensesAmt0149986
IRS990/PYOtherRevenueAmt039211
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt036340
IRS990/PYSalariesCompEmpBnftPaidAmt075355
IRS990/PYTotalExpensesAmt0640341
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0676681
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-139705
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0606177
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0379836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0567264
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0429099
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0544155
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0492555
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02412909
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0176872
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050970
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt049945
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt052976
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt051259
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0382022
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77910
IRS990ScheduleA/PublicSupportPY170Pct00.77170
IRS990ScheduleA/PublicSupportTotal170Amt02177404
IRS990ScheduleA/SubstantialContributorsTotAmt0235505
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0379836
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0567264
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0429099
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0544155
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0492555
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02412909
IRS990ScheduleA/TotalSupportAmt02794931
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/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/ExpensesNotReportedAmt03673
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt014722
IRS990ScheduleD/ExpensesSubtotalAmt0731160
IRS990ScheduleD/InvestmentExpensesNotIncldAmt014722
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0309749
IRS990ScheduleD/OtherExpensesIncludedAmt03673
IRS990ScheduleD/OtherExpensesNotIncludedAmt014722
IRS990ScheduleD/OtherRevenueAmt03673
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0279698
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CHARLES SCHWAB BOND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0313422
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt014722
IRS990ScheduleD/RevenueSubtotalAmt0591455
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT MANAGEMENT FEES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0279698
IRS990ScheduleD/TotalExpensesPerForm990Amt0745882
IRS990ScheduleD/TotalRevenuePerForm990Amt0606177
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0904877
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0734833
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0500000
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
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
IRS990ScheduleR/PaidEmployeesSharingInd01

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,971,384
Liabilities
$2,845
Net assets
$2,968,539
Revenue
$606,177
Expenses
$745,882
Net income
-$139,705
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
2019Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits