2023-05-15T15:57:50-05:00 2022-12-31 431305800 UHY ADVISORS MO INC 15 SUNNEN DRIVE SUITE 100 ST LOUIS MO 631433819 990 2022-01-01 436031234 THE SCHOLARSHIP FOUNDATION OF ST LOUIS SCHO 3147257990 6825 CLAYTON AVE STE 100 ST LOUIS MO 63139 JILL NOWAK TREASURER 3147257990 2023-05-11 1 JILL NOWAK 999009999 0 DENISE PISCIOTTA P00560435 3146151200 2023-05-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JILL NOWAK 6825 CLAYTON AVE STE 100 ST LOUIS MO 63139 35175917 0 X WWW.SFSTL.ORG X 1920 MO 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. 30 30 20 68 0 0 7082792 5710347 2075859 2272995 2338672 -491220 66452 95300 11563775 7587422 4706156 5042005 0 0 1389837 1570029 0 0 434217 2198227 2430308 8294220 9042342 3269555 -1454920 49025721 46466432 1627938 2978042 47397783 43488390 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. 0 0 8065468 5042005 2272995 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. 8065468 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 1 20 1 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X CATHERINE HILL 3147257990 6825 CLAYTON AVE SUITE 100 ST LOUIS MO 63139 X LAUREN NASH MING PRESIDENT 10.00 X X 0 0 0 DEBRA KENNARD VICE PRESIDENT 4.00 X X 0 0 0 KAREN O DRAKE VICE PRESIDENT 4.00 X X 0 0 0 MATT DACE VICE PRESIDENT 4.00 X X 0 0 0 JILL NOWAK TREASURER 4.00 X X 0 0 0 JACQUELINE MEADERS BOOTH SECRETARY 4.00 X X 0 0 0 CLAYTON EVANS MEMBER AT LARGE 4.00 X X 0 0 0 GERALD AXELBAUM DIRECTOR 2.00 X 0 0 0 AZMY AZMY DIRECTOR 2.00 X 0 0 0 MARTHA ARONSON DIRECTOR 2.00 X 0 0 0 CORY BRICKER DIRECTOR 2.00 X 0 0 0 JIM CROWE DIRECTOR 2.00 X 0 0 0 BURON BUFFKIN DIRECTOR 2.00 X 0 0 0 BILL EASTMAN DIRECTOR 2.00 X 0 0 0 JOAN ESSERMAN DIRECTOR 2.00 X 0 0 0 JANET HENDRICKSON DIRECTOR 2.00 X 0 0 0 LAURA KIPNIS DIRECTOR 2.00 X 0 0 0 JENNIFER HAYNES DIRECTOR 2.00 X 0 0 0 MUHAMMAD ISLAM DIRECTOR 2.00 X 0 0 0 APRIL MICKENS JOLLY DIRECTOR 2.00 X 0 0 0 JOAN MAGRUDER DIRECTOR 2.00 X 0 0 0 LAINIE NEIMAN DIRECTOR 2.00 X 0 0 0 DAVID MEYER DIRECTOR 2.00 X 0 0 0 SUSAN PLASSMEYER DIRECTOR 2.00 X 0 0 0 DANA ROMEIS DIRECTOR 2.00 X 0 0 0 LAUREN SAGEL DIRECTOR 2.00 X 0 0 0 TOM RUWITCH DIRECTOR 2.00 X 0 0 0 BETH-ANNE YAKUBU DIRECTOR 2.00 X 0 0 0 JUDY GLADNEY DIRECTOR 2.00 X 0 0 0 JOHN MILONAS DIRECTOR 2.00 X 0 0 0 BOB SCHMALZ DIRECTOR 2.00 X 0 0 0 JERMAL SEWARD II DIRECTOR 2.00 X 0 0 0 HEIDI VERON DIRECTOR 2.00 X 0 0 0 FAITH SANDLER EXECUTIVE DIRECTOR 55.00 X 208706 0 23492 ROBERT FOLEY DIRECTOR OF PLANNING & TEC 45.00 X 127462 0 13940 336168 0 37432 2 0 1 0 0 5710347 436986 5710347 STUDENT LOANS REPAID 900099 2272995 2272995 2272995 460593 460593 26636682 27583914 4581 -947232 -4581 -951813 -951813 MISCELLANEOUS INCOME 900099 95300 95300 95300 7587422 2368295 0 -491220 5042005 5042005 376409 200617 114811 60981 953904 613624 130215 210065 29319 17945 5400 5974 117192 70200 23624 23368 93205 57048 17167 18990 5729 5729 33943 33943 39517 39517 133851 83474 47777 2600 8250 5240 1429 1581 129695 78472 24560 26663 182924 111962 33692 37270 56214 47551 3766 4897 26457 16194 4873 5390 17277 10575 3182 3520 BAD DEBTS & ALLOWANCES 1544721 1544721 COLLECTION FEES 112364 112364 BANK SERVICE CHARGES 60977 30489 15244 15244 ADMINISTRATION 29522 15171 9553 4798 48867 7816 28175 12876 9042342 8065468 542657 434217 94648 56598 2887951 3012243 135825 69545 26329015 23886689 45358 65845 261209 133044 138793 128165 19268464 18440819 125667 806528 49025721 46466432 100493 856783 1527445 2121259 1627938 2978042 X 34687016 31409749 12710767 12078641 47397783 43488390 49025721 46466432 X -1454920 -1561697 4829 -897605 X X 1 X 0 1 0 X 4383342 7693789 6135213 7082792 5710347 31005483 4383342 7693789 6135213 7082792 5710347 31005483 15226300 15779183 319560 386599 209330 301724 460593 1677806 4351 74396 102467 66452 95300 342966 33026255 0.47780 0.50740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 1 1 1 1 0 PART II-B, LINE 1: THE SCHOLARSHIP FOUNDATION ENGAGES EDUCATION POLICY FELLOWS TO RESEARCH PROPOSED AND EXISTING LEGISLATION AFFECTING LOW-INCOME POST-SECONDARY STUDENTS. ADVOCACY ACTIVITIES ARE TARGETED AT INFORMING LEGISLATORS OF THE EFFECTS OF LEGISLATION IN HOPES THAT SUCH INFORMATION WILL AFFECT THEIR DECISION MAKING. THE SCHOLARSHIP FOUNDATION SHARES FINDINGS WITH OTHER NONPROFITS AND EXPRESSES ADVOCACY POSITIONS IN PUBLIC PRESENTATIONS. 0 7436293 150450 -704334 241382 6641027 6589190 314835 751763 219495 7436293 6182424 168600 455956 217790 6589190 4109102 1428000 820294 174972 6182424 4684202 14950 -418539 171511 4109102 0.21400 0.65900 0.12700 0 0 47888 25925 21963 163275 68783 94492 50046 38336 11710 128165 ANNUITIES PAYABLE 1656 PROMISES-TO-GIVE FOR FUTURE FORWARD PROGRAM 102783 OTHER DEFERRED REVENUE 2016820 2121259 PART V, LINE 4: THE ENDOWMENT PRINCIPAL IS INVESTED IN PERPETUITY. INCOME EARNED FROM THE RELATED INVESTMENTS IS USED FOR AWARDS OF INTEREST-FREE STUDENT LOANS, GRANTS, AND ASSOCIATED EXPENSES. 1 GRANTS MADE TO STUDENTS 404 3666615 INTEREST-FREE AND FEE-FREE STUDENT LOAN AWARDS 179 1375390 SCHEDULE I, PART IV LINE 1 THE SCHOLARSHIP FOUNDATION MONITORS THE USE OF LOANS AND GRANTS AWARDED TO STUDENTS THROUGH CAREFUL EVALUATION OF THE EDUCATIONAL AND FINANCIAL INFORMATION PROVIDED BY PERSONS APPLYING FOR GRANTS OR LOANS AND BY REVIEW OF DOCUMENTS RECEIVED FROM THE APPLICANTS AND FROM APPLICANTS' EDUCATIONAL INSTITUTIONS. X X X X 0 0 0 0 0 0 0 0 0 FAITH SANDLER EXECUTIVE DIRECTOR 208706 0 0 0 0 0 6116 0 17376 0 232198 0 0 0 X 18 436986 AVE HI/LOW STOCK EXCH 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT OF THE SCHOLARSHIP FOUNDATION PROVIDES A COPY OF THE FORM 990 IN ELECTRONIC FORMAT TO EACH OF ITS OFFICERS AND DIRECTORS FOR REVIEW. A TIMELINE IS ESTABLISHED DURING WHICH MANAGEMENT ADDRESSES QUESTIONS OR COMMENTS FROM BOARD MEMBERS ON THE CONTENT OF THE RETURN. ANY ADJUSTMENTS TO THE RETURN ARE SHARED WITH ALL OFFICERS AND DIRECTORS. UPON COMPLETION OF THE REVIEW PROCESS AND AFTER MAKING ANY PRESCRIBED CHANGES, A REPRESENTATIVE OF THE FOUNDATION SIGNS THE FORM 990 AND THE RETURN IS ELECTRONICALLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOLARSHIP FOUNDATION HAS A CONFLICT OF INTEREST POLICY THAT IS INCLUDED IN THE FOUNDATION'S BY-LAWS AND REVIEWED WITH ALL BOARD MEMBERS. THE SCHOLARSHIP FOUNDATION ALSO REQUIRES BOARD MEMBERS AND KEY EMPLOYEES TO COMPLETE A REPORT FORM EACH YEAR FOR REVIEW BY THE TREASURER. A COPY OF THE POLICY IS ATTACHED TO THE FORM PROVIDED TO BOARD MEMBERS. THE REPORTS AND ANY COMMENTS OR QUESTIONS ARE THEN SUBMITTED TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THERE IS NO COMPENSATION BASED ON SALES, PROFITS, OR OTHER PERFORMANCE CRITERIA FOR ANY OF THE EMPLOYEES OF THE SCHOLARSHIP FOUNDATION. THERE ARE NO CONTINGENT COMPENSATION AGREEMENTS. THERE ARE NO BONUSES. THE EXECUTIVE DIRECTOR HAS A WRITTEN CONTRACT. THE PERFORMANCE OF THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY THE PRESIDENT, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE OF THE BOARD, IN A FORMAL PROCESS. PERIODIC EXTERNAL COMPENSATION STUDIES ARE PERFORMED TO VALIDATE AND SUBSTANTIATE SALARY RANGES FOR ALL POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST: THE SCHOLARSHIP FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, ITS CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THE FOUNDATION'S OFFICES DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: STUDENT LOANS REPAID -2,272,995. STUDENT LOANS AWARDED 1,375,390. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.