Civic Intelligence

Army Scholarship Foundation Inc.

990 • Fiscal year 2014 • EIN 74-2996331

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 01, 2015

Organization ProfileWWW.ARMYSCHOLARSHIPFOUNDATION.ORG
11700 Preston RoadRoom/Suite 660301Dallas, TX 75230

(703) 587-5181

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

75th percentile

25%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

56th percentile

5.5%

Faster revenue growth than 56% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$348,367

Up $70,125 (+25%) from 2013

Net Assets

Up

$348,367

Up $70,125 (+25%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin95th percentile

Revenue

Up

$102,763

Up $5,352 (+5.5%) from 2013

Expenses

Up

$32,802

Up $14,222 (+77%) from 2013

Net Income

Down

$69,961

Down $8,870 (-11%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $130,038Liabilities 2011: $0Net Assets 2011: $130,0382011Assets 2012: $199,411Liabilities 2012: $0Net Assets 2012: $199,4112012Assets 2013: $278,242Liabilities 2013: $0Net Assets 2013: $278,2422013Assets 2014: $348,367Liabilities 2014: $0Net Assets 2014: $348,3672014Assets 2015: $509,828Liabilities 2015: $33Net Assets 2015: $509,7952015Assets 2016: $602,803Liabilities 2016: $10,103Net Assets 2016: $592,7002016Assets 2017: $726,955Liabilities 2017: $1,463Net Assets 2017: $725,4922017Assets 2018: $811,571Liabilities 2018: $104Net Assets 2018: $811,4672018Assets 2019: $815,222Liabilities 2019: $27Net Assets 2019: $815,2222019Assets 2020: $965,582Liabilities 2020: $108Net Assets 2020: $965,4742020Assets 2021: $1,146,243Liabilities 2021: $841Net Assets 2021: $1,145,4022021Assets 2022: $1,337,001Liabilities 2022: $1,924Net Assets 2022: $1,335,0772022Assets 2023: $1,629,850Liabilities 2023: $2,255Net Assets 2023: $1,627,5952023Assets 2024: $2,255,136Liabilities 2024: $4,364Net Assets 2024: $2,250,7722024

Highlighted filing

2014

Assets$348,367
Liabilities$0
Net Assets$348,367
Open 2014 Filing

Operations Trend

Revenue Growth56th percentile

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

$1.5M$1.0M$500K$0Revenue 2011: $40,966Expenses 2011: $6,752Net Income 2011: $34,2142011Revenue 2012: $78,010Expenses 2012: $8,636Net Income 2012: $69,3742012Revenue 2013: $97,411Expenses 2013: $18,580Net Income 2013: $78,8312013Revenue 2014: $102,763Expenses 2014: $32,802Net Income 2014: $69,9612014Revenue 2015: $224,643Expenses 2015: $63,214Net Income 2015: $161,4292015Revenue 2016: $203,514Expenses 2016: $120,610Net Income 2016: $82,9042016Revenue 2017: $273,803Expenses 2017: $141,011Net Income 2017: $132,7922017Revenue 2018: $289,658Expenses 2018: $203,683Net Income 2018: $85,9752018Revenue 2019: $293,098Expenses 2019: $289,369Net Income 2019: $3,7292019Revenue 2020: $363,095Expenses 2020: $212,814Net Income 2020: $150,2812020Revenue 2021: $476,133Expenses 2021: $296,204Net Income 2021: $179,9292021Revenue 2022: $484,248Expenses 2022: $294,573Net Income 2022: $189,6752022Revenue 2023: $727,632Expenses 2023: $435,114Net Income 2023: $292,5182023Revenue 2024: $1,138,277Expenses 2024: $515,099Net Income 2024: $623,1782024

Highlighted filing

2014

Revenue$102,763
Expenses$32,802
Net Income$69,961
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 1, 2015
Return Version
2014v5.0
Gross Receipts
$102,763
Mission and Program Overview

Mission

Provide college level academic scholarships to the children and spouses of active duty U.S. Military

To provide college level academic scholarships to the children of soldiers in the u.s. Military and the spouses of u.s. Military, active duty, enlisted soldiers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$278,242$348,317▲ $70,075
Prepaid Expenses and Deferred Charges-$50-
Total Assets$278,242$348,367▲ $70,125
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$264,081$290,724▲ $26,643
Temporarily Rstr Net Assets$14,161$57,643▲ $43,482
Total Net Assets Fund Balance$278,242$348,367▲ $70,125
Total Liabilities and Net Assets / Fund Balance$278,242$348,367▲ $70,125
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Jeff GaultChairman/CEO
Joel Gray-
Michael R Gonzales-
Phillip Shearer-
Christopher D LeppSecretary
Kc Brown JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$98,922
Program Service Revenue
$0
Investment Income
$3,841
Other Revenue
$0
All Other Contributions
$98,431
Change in Net Assets
$69,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$25,250
Total Fundraising Expense$5,378
Professional Fundraising Fees$5,000
Other Expenses$2,552
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$25,250--$25,250
Fees for Services Professional Fundraising--$5,000$5,000
Information Technology$340-$378$718
Office Expenses$614$92-$706
Insurance-$595-$595
Conferences and Meetings$450--$450
Other Expenses$83--$83
Total Functional Expenses$26,737$687$5,378$32,802
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$5,000
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

“Line 13 - whistleblower policy the foundation adopted a whistleblower policy in 2015. Line 14 - document retention the foundation adopted a document retention policy in 2015.”

Form 990, Page 6, Part VI, Line 11B

“Each member of the board of directors as well as the foundation's legal counsel is provided a copy of the form 990. These individuals are invited to review and comment on form 990 and its schedules prior to filing. Any and all supporting documentation required for the review is provided upon request. Any necessary and appropriate corrections based on the review are made. After final approval, the return is filed with the irs.”

Form 990, Page 6, Part VI, Line 12C

“In 2015, the foundation adopted a conflict of interest policy. The policy requires that all officers, directors and key volunteers be covered by the policy and must acknowledge this by signing the acknowledgment upon its initial issuance or at the time they become involved with the organization and upon any subsequent activity covered in the policy. If any covered person discloses a potential or actual conflict, the conflicting interest is disclosed to the board. The board investigates the situation and approves or disapproves the proposed transaction.”

Form 990, Page 6, Part VI, Line 15A

“The ceo is not compensated by the foundation.”

Form 990, Page 6, Part VI, Line 15B

“There are no officers or key employees compensated by the foundation.”

Form 990, Page 6, Part VI, Line 19

“All applicable documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Army Scholarship Foundation Inc
EIN
74-2996331
Phone
7035875181
Address
11700 PRESTON ROAD, ROOM/SUITE 660301, DALLAS, TX 75230

Signing Officer

Name
Jeff Gault
Title
Chairman/CEO
Phone
7035875181
Signed
2015-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Gault
Formed
2001
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
50

Preparer

Firm
Sommerville & Associates Pc
Address
3030 MATLOCK RD STE 201, ARLINGTON, TX 76015-2936
Preparer
Elaine L Sommerville CPA
Phone
8177955046
Raw XML Appendix317 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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0APPLICATIONS ARE SOLICITED THROUGH THE FOUNDATION'S WEB SITE. THE APPLICATION PERIOD OCCURS ANNUALLY IN THE SPRING OF THE YEAR FOR THE FALL COLLEGE SEMESTER. ALL APPLICATIONS ARE REVIEWED FOR ELIGIBILITY AND COMPLETENESS BY A SELECTION COMMITTEE OF VOLUNTEERS. A PANEL OF VOLUNTEERS, BOARD MEMBERS AND OFFICERS REVIEW THE ELIGIBLE APPLICATIONS AND DETERMINE WHICH APPLICANTS MEET THE FOUNDATION'S CRITERIA FOR A SCHOLARSHIP AWARD. ALL SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO THE ACADEMIC INSTITUTION IN THE APPLICANT'S NAME. THE FOUNNDATION MAINTAINS CONTACT WITH THE ACADEMIC INSTITUTIONS TO ENSURE THE APPLICANTS' CONTINUED ENROLLMENT AND SATISFACTORY ACADEMIC PROGRESS. THE FOUNDATION ALSO STAYS IN CONTACT WITH THE SUCCESSFUL APPLICANTS TO MONITOR THE USE OF THE SCHOLARSHIP GRANT AND TO ASSESS THE SUCCESS OF THE FOUNDATION'S SCHOLARSHIP PROGRAM.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 13 - WHISTLEBLOWER POLICY THE FOUNDATION ADOPTED A WHISTLEBLOWER POLICY IN 2015. LINE 14 - DOCUMENT RETENTION THE FOUNDATION ADOPTED A DOCUMENT RETENTION POLICY IN 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE BOARD OF DIRECTORS AS WELL AS THE FOUNDATION'S LEGAL COUNSEL IS PROVIDED A COPY OF THE FORM 990. THESE INDIVIDUALS ARE INVITED TO REVIEW AND COMMENT ON FORM 990 AND ITS SCHEDULES PRIOR TO FILING. ANY AND ALL SUPPORTING DOCUMENTATION REQUIRED FOR THE REVIEW IS PROVIDED UPON REQUEST. ANY NECESSARY AND APPROPRIATE CORRECTIONS BASED ON THE REVIEW ARE MADE. AFTER FINAL APPROVAL, THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN 2015, THE FOUNDATION ADOPTED A CONFLICT OF INTEREST POLICY. THE POLICY REQUIRES THAT ALL OFFICERS, DIRECTORS AND KEY VOLUNTEERS BE COVERED BY THE POLICY AND MUST ACKNOWLEDGE THIS BY SIGNING THE ACKNOWLEDGMENT UPON ITS INITIAL ISSUANCE OR AT THE TIME THEY BECOME INVOLVED WITH THE ORGANIZATION AND UPON ANY SUBSEQUENT ACTIVITY COVERED IN THE POLICY. IF ANY COVERED PERSON DISCLOSES A POTENTIAL OR ACTUAL CONFLICT, THE CONFLICTING INTEREST IS DISCLOSED TO THE BOARD. THE BOARD INVESTIGATES THE SITUATION AND APPROVES OR DISAPPROVES THE PROPOSED TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CEO IS NOT COMPENSATED BY THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO OFFICERS OR KEY EMPLOYEES COMPENSATED BY THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL APPLICABLE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt014161
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt057643
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0278242
IRS990/TotalAssetsEOYAmt0348367
IRS990/TotalAssetsGrp/BOYAmt0278242
IRS990/TotalAssetsGrp/EOYAmt0348367
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt098922
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05378
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0687
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt026737
IRS990/TotalFunctionalExpensesGrp/TotalAmt032802
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0278242
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0348367
IRS990/TotalProgramServiceExpensesAmt026737
IRS990/TotalRevenueGrp/ExclusionAmt03841
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0102763
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0278242
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0348367
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0264081
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0290724
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011700 PRESTON ROAD SUITE 660-301
IRS990/USAddress/CityNm0DALLAS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075230
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.ARMYSCHOLARSHIPFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF GAULT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07035875181
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARMY SCHOLARSHIP FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ARMY
ReturnHeader/Filer/EIN0742996331
ReturnHeader/Filer/PhoneNum07035875181
ReturnHeader/Filer/USAddress/AddressLine1Txt011700 PRESTON ROAD
ReturnHeader/Filer/USAddress/AddressLine2Txt0ROOM/SUITE 660301
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075230
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0412024514
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SOMMERVILLE & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03030 MATLOCK RD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0760152936
ReturnHeader/PreparerPersonGrp/PhoneNum08177955046
ReturnHeader/PreparerPersonGrp/PreparationDt02015-04-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE L SOMMERVILLE CPA
ReturnHeader/ReturnTs02015-04-07T14:16:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$348,367
Liabilities
$0
Net assets
$348,367
Revenue
$102,763
Expenses
$32,802
Net income
$69,961
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.25$1.14$0.52$0.62
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.00$1.63$0.73$0.44$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.48$0.29$0.19
2021Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.48$0.30$0.18
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.00$0.97$0.36$0.21$0.15
2019Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$0.29$0.29$0.00
2018Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.29$0.20$0.09
2017Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$0.27$0.14$0.13
2016Summary only. Only limited summary data is available for this year.$0.60$0.01$0.59$0.20$0.12$0.08
2015Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$0.22$0.06$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.10$0.03$0.07
2013Summary only. Only limited summary data is available for this year.$0.28$0.00$0.28$0.10$0.02$0.08
2012Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$0.08$0.01$0.07
2011Summary only. Only limited summary data is available for this year.$0.13$0.00$0.13$0.04$0.01$0.03
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • <$500k nonprofits