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Nonprofiteer
← SCHOLARS HOPE FOUNDATION

Form 990 for tax year 2024

Filed by SCHOLARS HOPE FOUNDATION.

Totals

Total revenue
$127,054
Total expenses
$312,855
Contributions and grants received
$122,317
Grants paid
$0
Program service revenue
$0
Investment income
$4,737
Other revenue
$0
Total assets, end of year
$579,959
Total liabilities, end of year
$46,365
Net assets or fund balances, end of year
$533,594
Program services expenses (Part IX)
$245,849
Management and general expenses
$38,002
Fundraising expenses
$29,004
Program service expenses (Part III)
$245,849

Program services were 78.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $122,317

  • 3 · Investment income

    total $4,737 · unrelated business $4,737

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $123,970 · program services $123,970

  • 6 · Compensation of disqualified persons

    total $79,814 · program services $79,774 · management and general $40

  • 10 · Payroll taxes

    total $19,034 · program services $18,713 · management and general $321

  • 11c · Fees: accounting

    total $75 · management and general $75

  • 11g · Fees: other

    total $28,925 · management and general $12,125 · fundraising $16,800

  • 12 · Advertising and promotion

    total $4,135 · program services $260 · management and general $537 · fundraising $3,338

  • 13 · Office expenses

    total $7,068 · program services $6,120 · management and general $948

  • 16 · Occupancy

    total $954 · program services $954

  • 17 · Travel

    total $3,723 · program services $3,723

  • 23 · Insurance

    total $25,580 · program services $8,411 · management and general $17,169

  • 24a · Other expenses: SUPPLIES

    total $8,312 · program services $1,252 · management and general $4,162 · fundraising $2,898

  • 24b · Other expenses: BANK CHARGES

    total $6,033 · management and general $65 · fundraising $5,968

  • 24c · Other expenses: PROGRAM REWARDS

    total $2,569 · program services $2,569

  • 24d · Other expenses: PAYROLL PROCESSING EXPE

    total $2,560 · management and general $2,560

  • 24e · All other expenses

    total $103 · program services $103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,573 · end of year $35,115

  • 2 · Savings and temporary cash investments

    beginning of year $172,781 · end of year $29,912

  • 4 · Accounts receivable

    beginning of year $2,771 · end of year $5,475

  • 10a · Land, buildings and equipment: cost or other basis

    $27,911

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,911

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $509,732 · end of year $509,457

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,842 · end of year $160

  • 25 · Other liabilities

    beginning of year $66,105 · end of year $46,205

  • 27 · Net assets without donor restrictions

    beginning of year $495,804 · end of year $397,594

  • 28 · Net assets with donor restrictions

    beginning of year $177,106 · end of year $136,000

Mission and programs · 2024

Mission

TO INSPIRE AND GUIDE YOUTH TO BUILD CONFIDENCE FOR SUCESS IN HIGHER EDUCATION.SCHOLAR' HOPE FOUNDATION PREPARES STUDENTS FOR THE ACADEMIC AND SCHOOL SOCIAL-EMOTIONAL CHALLENGES OF LIFE. OUR RESEARCHED BASED AND RESULTS.

Activities or mission (Part I)

TO INSPIRE AND GUIDE OUR YOUTH TO BUILD CONFIDENCE FOR SUCCESS IN HIGHER EDUCATION

  • SCHOLARS' HOPE FOUNDATION PREPARES STUDENTS THE ACADEMIC ANDDRIVEN CURRICULUM IS MAKING AN UNDENIABLE IMPACT ON YOUTH. THIS IMPACTIS DEMONSTRATED THROUGH HIGHER GPA'S, HIGHER COLLEGE ELIGIBILITY ANDPREPAREDNESS FOR THE DEMANDS OF COLLEGE.

    Expenses $245,849

As filed on the 2024 return.

Listed in Part VII

  • Mark Czepiel

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Toni Gregory

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Roni Ellis

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Stan Mullin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4
  • Cameron Jalbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Dede Ravenhorst Markel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Colleen A Mensel

    PRESIDENT & CEO

    Total calculated
    $123,970
    From this org
    $123,970
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS VOTES ON THE CEO'S COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
19 February 2026
IRS schema version
2024v5.5
Source object
202610509349300746

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