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Nonprofiteer
← FEDERAL STUDENT SCHOLARSHIP ORGANIZATION

Form 990 for tax year 2025

Filed by FEDERAL STUDENT SCHOLARSHIP ORGANIZATION.

Totals

Total revenue
$12,230,876
Total expenses
$12,699,049
Contributions and grants received
$12,066,595
Grants paid
$11,799,624
Program service revenue
$0
Investment income
$164,281
Other revenue
$0
Total assets, end of year
$5,612,063
Total liabilities, end of year
$388,049
Net assets or fund balances, end of year
$5,224,014
Program services expenses (Part IX)
$12,386,445
Management and general expenses
$287,053
Fundraising expenses
$25,551
Program service expenses (Part III)
$12,386,445

Program services were 97.5% 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

    $12,066,595

  • 3 · Investment income

    total $164,281 · excluded $164,281

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,661 · program services $12,661

  • 2 · Grants to domestic individuals

    total $11,786,963 · program services $11,786,963

  • 5 · Compensation of officers, directors and key employees

    total $248,643 · program services $203,887 · management and general $42,269 · fundraising $2,487

  • 7 · Other salaries and wages

    total $91,980 · program services $75,001 · management and general $16,059 · fundraising $920

  • 9 · Other employee benefits

    total $75,312 · program services $60,249 · management and general $11,297 · fundraising $3,766

  • 11a · Fees: management

    total $77,569 · management and general $77,569

  • 11g · Fees: other

    total $134,817 · program services $50,350 · management and general $84,467

  • 14 · Information technology

    total $137,147 · program services $129,250 · management and general $7,897

  • 16 · Occupancy

    total $35,000 · management and general $35,000

  • 17 · Travel

    total $18,378 · fundraising $18,378

  • 20 · Interest

    total $16,875 · program services $10,269 · management and general $6,606

  • 22 · Depreciation, depletion and amortization

    total $57,815 · program services $57,815

  • 23 · Insurance

    total $5,889 · management and general $5,889

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,159,849 · end of year $5,372,543

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 14 · Intangible assets

    end of year $239,520

  • 15 · Other assets

    beginning of year $1,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,980 · end of year $28,928

  • 22 · Loans and payables to officers and key people

    end of year $60,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $299,121

  • 27 · Net assets without donor restrictions

    beginning of year $1,405,390 · end of year $272,120

  • 28 · Net assets with donor restrictions

    beginning of year $3,742,479 · end of year $4,951,894

Mission and programs · 2025

Mission

GEORGIA STUDENT SCHOLARSHIP ORGANIZATION (SSO) INC., IS A NONPROFIT GEORGIA CORPORATION DEDICATED TO OFFERING STUDENTS FROM LOW AND MIDDLE INCOME FAMILY OPPORTUNITIES TO ATTEND PRIVATE SCHOOLS OF THEIR PARENTS' CHOICE .

Activities or mission (Part I)

PROVIDE SCHOLARSHIPS FOR GEORGIA STUDENTS FUNDED BY TAX CREDIT DONATIONS.

  • THE ORGANIZATION IS DEDICATED TO OFFERING STUDENTS FROM LOW AND MIDDLE INCOME FAMILY OPPORTUNITIES TO ATTEND PRIVATE SCHOOLS OF THEIR PARENTS' CHOICE. DURING 2025, THE ORGANIZATION AWARDED 3,803 SCHOLARSHIPS TO ELIGIBLE STUDENTS ATTENDING 102 PRIVATE SCHOOLS.

    Expenses $12,386,445 · Grants $11,799,624

As filed on the 2025 return.

Listed in Part VII

  • DAVID B NEYER

    PRESIDENT & CEO

    Total calculated
    $242,643
    From this org
    $197,000
    From related orgs
    $0
    Other
    $45,643
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $197,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $45,643
    Filer's total
    $242,643

  • ROBERT J JASION

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • FULTON LEWIS

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • TRACY BAGGETT

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 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

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

Provenance

Return type
form_990
Tax year
2025
Filed
29 July 2026
IRS schema version
2025v4.2
Source object
202642109349300319

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