Form 990 for tax year 2022
Filed by SOUTHERN SCHOLARSHIP FOUNDATION INC.
Totals
- Total revenue
- $1,607,327
- Total expenses
- $2,261,483
- Contributions and grants received
- $1,029,236
- Grants paid
- $0
- Program service revenue
- $177,754
- Investment income
- $303,497
- Other revenue
- $96,840
- Total assets, end of year
- $16,159,156
- Total liabilities, end of year
- $570,689
- Net assets or fund balances, end of year
- $15,588,467
- Program services expenses (Part IX)
- $1,810,835
- Management and general expenses
- $180,336
- Fundraising expenses
- $270,312
- Program service expenses (Part III)
- $1,810,835
Program services were 80.1% 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
$1,029,236
-
1g · Noncash contributions included above
$50,900
-
2a · Program service revenue: OPERATIONAL FEES
total $177,754 · related or exempt $177,754
-
3 · Investment income
total $459,584 · excluded $459,584
-
7a · Gross sales of assets other than inventory
securities $2,595,184
-
7b · Less cost or other basis and sales expenses
securities $2,667,377 · other assets $83,894
-
7c · Gain or loss
securities -$72,193 · other assets -$83,894
-
7d · Net gain or loss
total -$156,087 · excluded -$156,087
-
11a · Other revenue: MISCELLANEOUS INCOME
total $60,396 · related or exempt $60,396
-
11b · Other revenue: FOOTBALL PARKING REVENUE
total $36,444 · related or exempt $36,444
-
11e · Other revenue, total
$96,840
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $123,315 · program services $82,621 · management and general $9,865 · fundraising $30,829
-
7 · Other salaries and wages
total $525,831 · program services $352,307 · management and general $42,067 · fundraising $131,457
-
8 · Pension plan contributions
total $9,427 · program services $6,316 · management and general $754 · fundraising $2,357
-
9 · Other employee benefits
total $71,436 · program services $47,862 · management and general $5,715 · fundraising $17,859
-
10 · Payroll taxes
total $56,552 · program services $37,890 · management and general $4,524 · fundraising $14,138
-
11b · Fees: legal
total $70 · program services $50 · management and general $15 · fundraising $5
-
11c · Fees: accounting
total $15,000 · program services $10,650 · management and general $3,300 · fundraising $1,050
-
11g · Fees: other
total $167,572 · program services $118,976 · management and general $36,866 · fundraising $11,730
-
12 · Advertising and promotion
total $318 · program services $111 · management and general $29 · fundraising $178
-
13 · Office expenses
total $75,034 · program services $21,049 · management and general $38,765 · fundraising $15,220
-
14 · Information technology
total $19,683 · program services $9,054 · management and general $2,165 · fundraising $8,464
-
16 · Occupancy
total $87,932 · program services $87,932
-
17 · Travel
total $7,136 · program services $6,208 · management and general $143 · fundraising $785
-
19 · Conferences, conventions and meetings
total $57,264 · program services $49,820 · management and general $1,145 · fundraising $6,299
-
20 · Interest
total $4,631 · management and general $4,631
-
22 · Depreciation, depletion and amortization
total $467,451 · program services $467,451
-
23 · Insurance
total $195,465 · program services $173,964 · management and general $19,546 · fundraising $1,955
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $293,363 · program services $293,363
-
24b · Other expenses: IN-KIND EXPENSES
total $38,808 · program services $10,784 · management and general $5,709 · fundraising $22,315
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $24,396 · program services $18,785 · management and general $488 · fundraising $5,123
-
24d · Other expenses: MISCELLANEOUS
total $10,147 · program services $9,663 · fundraising $484
-
24e · All other expenses
total $10,652 · program services $5,979 · management and general $4,609 · fundraising $64
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $684,332 · end of year $367,528
-
2 · Savings and temporary cash investments
beginning of year $229,351 · end of year $187,572
-
3 · Pledges and grants receivable
beginning of year $407,551 · end of year $259,510
-
4 · Accounts receivable
beginning of year $42,669 · end of year $168,937
-
9 · Prepaid expenses and deferred charges
beginning of year $26,787 · end of year $41,113
-
10a · Land, buildings and equipment: cost or other basis
$14,871,553
-
10b · Land, buildings and equipment: accumulated depreciation
$8,209,711
-
10c · Land, buildings and equipment, net
beginning of year $6,635,221 · end of year $6,661,842
-
11 · Investments: publicly traded securities
beginning of year $10,519,782 · end of year $8,472,654
-
17 · Accounts payable and accrued expenses
beginning of year $111,648 · end of year $242,439
-
19 · Deferred revenue
beginning of year $23,008 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $148,474 · end of year $0
-
25 · Other liabilities
beginning of year $226,529 · end of year $328,250
-
27 · Net assets without donor restrictions
beginning of year $7,802,447 · end of year $6,720,356
-
28 · Net assets with donor restrictions
beginning of year $10,233,587 · end of year $8,868,111
Mission and programs · 2022
Mission
THROUGH RENT-FREE HOUSING AND COOPERATIVE LIVING, SOUTHERN SCHOLARSHIP FOUNDATION SUPPORT STUDENTS WHO LACK FINANCIAL RESOURCES, DEMONSTRATE EXCELLENT ACADEMIC MERIT, AND EXEMPLIFY GOOD CHARACTER ATTEND INSTITUTIONS OF HIGHER EDUCATION.
Activities or mission (Part I)
TO SUPPORT STUDENTS WHO LACK FINANCIAL RESOURCES, DEMONSTRATE EXCELLENT ACADEMIC MERIT AND EXEMPLIFY GOOD CHARACTER ATTEND INSTITUTION OF HIGHER EDUCATION THROUGH RENT-FREE HOUSING.
-
BY PROVIDING RENT-FREE HOUSING, SOUTHERN SCHOLARSHIP FOUNDATION, DRAMATICALLY REDUCES THE COST OF LIVING, THUS INCREASING THE LIKELIHOOD THAT LOW INCOME STUDENTS WILL COMPLETE THEIR DEGREES. THROUGH COOPERATIVE LIVING, RESIDENTS MANAGE HOUSEHOLD BUDGETS, ENFORCE RULES DESIGNED TO SUPPORT A CLEAN, SAFE ENVIRONMENT; AND THEY COOK MEALS AND EAT TOGETHER. RESIDENTS HAVE A HOME, A COMMUNITY, AND A SUPPORT NETWORK FROM THE FIRST DAY THEY ENTER THEIR HOUSES. SSF OPERATES 25 HOUSES AND SERVES 452 RESIDENTS IN GAINESVILLE, FT. MYERS, AND TALLAHASSEE, FL.
Expenses $1,810,835 · Revenue $274,594
As filed on the 2022 return.
Listed in Part VII
-
Shawn WoodinSHAWN WOODIN
PRESIDENT/CEO
- Total calculated
- $123,315
- From this org
- $118,235
- From related orgs
- $0
- Other
- $5,080
- Hours/week
- 40
-
Rhoda Glasco FoderinghamRHODA GLASCO FODERINGHAM
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Paula Deboles-JohnsonPAULA DEBOLES-JOHNSON
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Mary K BedfordMARY K BEDFORD
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Kelly SleeperKELLY SLEEPER
DEVELOPMENT CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jim DavisJIM DAVIS
GOVERNANCE & NOMINATIONS CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Ryan TuckerRYAN TUCKER
FINANCE COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Sheila K DickisonDR SHEILA K DICKISON
STUDENT AFFAIRS CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Alix AlexisALIX ALEXIS
AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
David AshburnDAVID ASHBURN
AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Nicholas AppeloNICHOLAS APPELO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kathryn BellKATHRYN BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joseph Patrick BriggsJOSEPH PATRICK BRIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pamela DavisPAMELA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Fanchon F FunkFANCHON F FUNK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jack JenkinsJACK JENKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Linda JenkinsLINDA JENKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lashondia KendrickLASHONDIA KENDRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gayla ParksGAYLA PARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim Wylie JrJIM WYLIE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dhyana Ziegler PhDDHYANA ZIEGLER PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anne ToulouseANNE TOULOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tamara SoneraTAMARA SONERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Zhishan LiangZHISHAN LIANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pamela PaulkPAMELA PAULK
DEVELOPMENT CHAIR
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349301916
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