Form 990 for tax year 2022
Filed by SCHOLARSHIP FOUNDATION OF ST LOUIS.
Totals
- Total revenue
- $7,587,422
- Total expenses
- $9,042,342
- Contributions and grants received
- $5,710,347
- Grants paid
- $5,042,005
- Program service revenue
- $2,272,995
- Investment income
- -$491,220
- Other revenue
- $95,300
- Total assets, end of year
- $46,466,432
- Total liabilities, end of year
- $2,978,042
- Net assets or fund balances, end of year
- $43,488,390
- Program services expenses (Part IX)
- $8,065,468
- Management and general expenses
- $542,657
- Fundraising expenses
- $434,217
- Program service expenses (Part III)
- $8,065,468
Program services were 89.2% 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
$5,710,347
-
1g · Noncash contributions included above
$436,986
-
2a · Program service revenue: STUDENT LOANS REPAID
total $2,272,995 · related or exempt $2,272,995
-
3 · Investment income
total $460,593 · excluded $460,593
-
7a · Gross sales of assets other than inventory
securities $26,636,682
-
7b · Less cost or other basis and sales expenses
securities $27,583,914 · other assets $4,581
-
7c · Gain or loss
securities -$947,232 · other assets -$4,581
-
7d · Net gain or loss
total -$951,813 · excluded -$951,813
-
11a · Other revenue: MISCELLANEOUS INCOME
total $95,300 · related or exempt $95,300
-
11e · Other revenue, total
$95,300
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $5,042,005 · program services $5,042,005
-
5 · Compensation of officers, directors and key employees
total $376,409 · program services $200,617 · management and general $114,811 · fundraising $60,981
-
7 · Other salaries and wages
total $953,904 · program services $613,624 · management and general $130,215 · fundraising $210,065
-
8 · Pension plan contributions
total $29,319 · program services $17,945 · management and general $5,400 · fundraising $5,974
-
9 · Other employee benefits
total $117,192 · program services $70,200 · management and general $23,624 · fundraising $23,368
-
10 · Payroll taxes
total $93,205 · program services $57,048 · management and general $17,167 · fundraising $18,990
-
11b · Fees: legal
total $5,729 · management and general $5,729
-
11c · Fees: accounting
total $33,943 · management and general $33,943
-
11f · Fees: investment management
total $39,517 · management and general $39,517
-
11g · Fees: other
total $133,851 · program services $83,474 · management and general $47,777 · fundraising $2,600
-
13 · Office expenses
total $8,250 · program services $5,240 · management and general $1,429 · fundraising $1,581
-
14 · Information technology
total $129,695 · program services $78,472 · management and general $24,560 · fundraising $26,663
-
16 · Occupancy
total $182,924 · program services $111,962 · management and general $33,692 · fundraising $37,270
-
19 · Conferences, conventions and meetings
total $56,214 · program services $47,551 · management and general $3,766 · fundraising $4,897
-
22 · Depreciation, depletion and amortization
total $26,457 · program services $16,194 · management and general $4,873 · fundraising $5,390
-
23 · Insurance
total $17,277 · program services $10,575 · management and general $3,182 · fundraising $3,520
-
24a · Other expenses: BAD DEBTS & ALLOWANCES
total $1,544,721 · program services $1,544,721
-
24b · Other expenses: COLLECTION FEES
total $112,364 · program services $112,364
-
24c · Other expenses: BANK SERVICE CHARGES
total $60,977 · program services $30,489 · management and general $15,244 · fundraising $15,244
-
24d · Other expenses: ADMINISTRATION
total $29,522 · program services $15,171 · management and general $9,553 · fundraising $4,798
-
24e · All other expenses
total $48,867 · program services $7,816 · management and general $28,175 · fundraising $12,876
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $94,648 · end of year $56,598
-
2 · Savings and temporary cash investments
beginning of year $2,887,951 · end of year $3,012,243
-
3 · Pledges and grants receivable
beginning of year $135,825 · end of year $69,545
-
7 · Other notes and loans receivable
beginning of year $26,329,015 · end of year $23,886,689
-
9 · Prepaid expenses and deferred charges
beginning of year $45,358 · end of year $65,845
-
10a · Land, buildings and equipment: cost or other basis
$261,209
-
10b · Land, buildings and equipment: accumulated depreciation
$133,044
-
10c · Land, buildings and equipment, net
beginning of year $138,793 · end of year $128,165
-
11 · Investments: publicly traded securities
beginning of year $19,268,464 · end of year $18,440,819
-
15 · Other assets
beginning of year $125,667 · end of year $806,528
-
17 · Accounts payable and accrued expenses
beginning of year $100,493 · end of year $856,783
-
25 · Other liabilities
beginning of year $1,527,445 · end of year $2,121,259
-
27 · Net assets without donor restrictions
beginning of year $34,687,016 · end of year $31,409,749
-
28 · Net assets with donor restrictions
beginning of year $12,710,767 · end of year $12,078,641
Mission and programs · 2022
Mission
THE FOUNDATION PROVIDES ACCESS TO POST-SECONDARY EDUCATION THROUGH INTEREST-FREE LOANS, GRANTS, AND SERVICES TO AREA STUDENTS WHO ARE IN FINANCIAL NEED AND WHO WOULD OTHERWISE NOT HAVE THE FINANCIAL MEANS TO FULFILL THEIR EDUCATIONAL GOALS.
Activities or mission (Part I)
THE FOUNDATION PROVIDES ACCESS TO POST-SECONDARY EDUCATION THROUGH INTEREST-FREE LOANS AND GRANTS TO AREA STUDENTS WHO ARE IN FINANCIAL NEED AND WHO WOULD OTHERWISE NOT HAVE THE FINANCIAL MEANS TO FULFILL THEIR EDUCATIONAL GOALS.
-
THE FOUNDATION PROVIDES ACCESS TO POST-SECONDARY EDUCATION TO THOSE WHO OTHERWISE WOULD NOT HAVE THE FINANACIAL MEANS TO FULFILL THEIR EDUCATIONAL GOALS. OPERATING ON A NONDISCRIMINATORY BASIS, THE FOUNDATION PROVIDES ASSISTANCE TO APPLICANTS WITH SIGNIFICANT FINANCIAL NEED WHO DEMONSTRATE SATISFACTORY ACADEMIC PROGRESS AND GOOD CHARACTER AND ARE FROM THE ST. LOUIS METROPOLITAN AREA AS WELL AS A NUMBER OF OTHER COMMUNITIES IN MISSOURI AND ILLINOIS. DURING 2022, THE FOUNDATION OPERATED STUDENT PROGRAMS, CONSISTING OF A STUDENT GRANT PROGRAMS THAT AWARDED $3,666,615 AND AN INTEREST-FREE LOAN PROGRAM THAT AWARDED $1,375,390 AND STUDENT ADVISING SERVICES.
Expenses $8,065,468 · Grants $5,042,005 · Revenue $2,272,995
As filed on the 2022 return.
Listed in Part VII
-
Lauren Nash MingLAUREN NASH MING
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Debra KennardDEBRA KENNARD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Karen O DrakeKAREN O DRAKE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Matt DaceMATT DACE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Jill NowakJILL NOWAK
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Jacqueline Meaders BoothJACQUELINE MEADERS BOOTH
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Clayton EvansCLAYTON EVANS
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 4
-
Gerald AxelbaumGERALD AXELBAUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Azmy AzmyAZMY AZMY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Martha AronsonMARTHA ARONSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cory BrickerCORY BRICKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim CroweJIM CROWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Buron BuffkinBURON BUFFKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bill EastmanBILL EASTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joan EssermanJOAN ESSERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Janet HendricksonJANET HENDRICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Laura KipnisLAURA KIPNIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer HaynesJENNIFER HAYNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Muhammad IslamMUHAMMAD ISLAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
April Mickens JollyAPRIL MICKENS JOLLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joan MagruderJOAN MAGRUDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lainie NeimanLAINIE NEIMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David MeyerDAVID MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan PlassmeyerSUSAN PLASSMEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dana RomeisDANA ROMEIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lauren SagelLAUREN SAGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom RuwitchTOM RUWITCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Beth-Anne YakubuBETH-ANNE YAKUBU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Judy GladneyJUDY GLADNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John MilonasJOHN MILONAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bob SchmalzBOB SCHMALZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jermal Seward IIJERMAL SEWARD II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Heidi VeronHEIDI VERON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Faith SandlerFAITH SANDLER
EXECUTIVE DIRECTOR
- Total calculated
- $232,198
- From this org
- $208,706
- From related orgs
- $0
- Other
- $23,492
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $208,706
- Bonus
- $0
- Other
- $0
- Deferred
- $6,116
- Nontaxable benefits
- $17,376
- Filer's total
- $232,198
-
Robert FoleyROBERT FOLEY
DIRECTOR OF PLANNING & TEC
- Total calculated
- $141,402
- From this org
- $127,462
- From related orgs
- $0
- Other
- $13,940
- Hours/week
- 45
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 · Independent compensation consultant
- 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
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
- 2022
- Filed
- 11 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301359349314940
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