Skip to content
Nonprofiteer
← FEDERAL STUDENT SCHOLARSHIP ORGANIZATION

Form 990 for tax year 2024

Filed by FEDERAL STUDENT SCHOLARSHIP ORGANIZATION.

Totals

Total revenue
$12,916,003
Total expenses
$13,025,933
Contributions and grants received
$12,914,063
Grants paid
$12,229,818
Program service revenue
$0
Investment income
$0
Other revenue
$1,940
Total assets, end of year
$5,160,849
Total liabilities, end of year
$12,980
Net assets or fund balances, end of year
$5,147,869
Program services expenses (Part IX)
$12,395,367
Management and general expenses
$612,557
Fundraising expenses
$18,009
Program service expenses (Part III)
$12,395,367

Program services were 95.2% 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

    $12,914,063

  • 11a · Other revenue: OTHER REVENUE

    total $1,940 · related or exempt $1,940

  • 11e · Other revenue, total

    $1,940

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $104,032 · program services $104,032

  • 2 · Grants to domestic individuals

    total $12,125,786 · program services $12,125,786

  • 5 · Compensation of officers, directors and key employees

    total $286,000 · management and general $286,000

  • 7 · Other salaries and wages

    total $175,437 · management and general $175,437

  • 9 · Other employee benefits

    total $54,785 · program services $54,785

  • 10 · Payroll taxes

    total $8,841 · management and general $8,841

  • 11d · Fees: lobbying

    total $32,000 · management and general $32,000

  • 11g · Fees: other

    total $4,529 · management and general $4,529

  • 16 · Occupancy

    total $38,562 · management and general $38,562

  • 17 · Travel

    total $27,111 · program services $18,978 · management and general $5,422 · fundraising $2,711

  • 23 · Insurance

    total $9,523 · management and general $9,523

  • 24a · Other expenses: TECHNOLOGY SERVICES

    total $61,368 · program services $36,821 · management and general $18,410 · fundraising $6,137

  • 24b · Other expenses: INTERNET FEES

    total $54,359 · program services $32,615 · management and general $16,308 · fundraising $5,436

  • 24c · Other expenses: SUPPLIES

    total $28,698 · program services $17,219 · management and general $8,609 · fundraising $2,870

  • 24d · Other expenses: CELL PHONE

    total $8,552 · program services $5,131 · management and general $2,566 · fundraising $855

  • 24e · All other expenses

    total $6,350 · management and general $6,350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,265,696 · end of year $5,159,849

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,883

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

    $5,818

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

    $5,818

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,780 · end of year $12,980

  • 27 · Net assets without donor restrictions

    beginning of year $36,828 · end of year $1,405,390

  • 28 · Net assets with donor restrictions

    beginning of year $5,219,971 · end of year $3,742,479

Mission and programs · 2024

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)

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.

  • THE ORGANIZATION IS DEDICATED TO OFFERING STUDENTS FROM LOW AND MIDDLE INCOME FAMILY OPPORTUNITIES TO ATTEND PRIVATE SCHOOLS OF THEIR PARENTS' CHOICE. DURING 2024, THE ORGANIZATION AWARDED 3,309 SCHOLARSHIPS TO ELIGIBLE STUDENTS ATTENDING 125 PRIVATE SCHOOLS.

    Expenses $12,395,367 · Grants $12,229,818

As filed on the 2024 return.

Listed in Part VII

  • DAVID B NEYER

    PRESIDENT & CEO

    Total calculated
    $336,400
    From this org
    $280,000
    From related orgs
    $0
    Other
    $56,400
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $40,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $56,400
    Filer's total
    $336,400

  • 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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349306013

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.