2024-11-13T13:16:27-06:00 2023-12-31 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2023-01-01 581686023 COCA-COLA SCHOLARS FOUNDATION INC % LAQUANDA PRINCE COCA 4047335434 1 Coca-Cola Plaza NAT 9 Atlanta GA 30313 Jane Hopkins President 4047335434 2024-11-15 true true Marc Azar P91739349 4048746244 2024-11-15 2023 2024-10-15 13:58:12Z Jane Hopkins 1 Coca-Cola Plaza NAT 9 Atlanta GA 30313 16300535 false X www.coca-colascholars.org X 1986 DE To develop an influential community of service-minded leaders, connected by Coca-Cola, who positively shape the world. 12 12 9 0 7658195 3072129 0 0 1035543 3094662 0 0 8693738 6166791 2942874 3065324 0 0 1152240 1352411 0 14342 217490 911515 2813134 5006629 7245211 3687109 -1078420 66704418 69869565 459021 358467 66245397 69511098 BY AWARDING POST-SECONDARY SCHOLARSHIPS, THE COCA-COLA SCHOLARS FOUNDATION EXISTS TO DEVELOP AN INFLUENTIAL COMMUNITY OF SERVICE-MINDED LEADERS, CONNECTED BY COCA-COLA, WHO POSITIVELY SHAPE THE WORLD. false false 6253610 3065324 DURING 2023, THE COCA-COLA SCHOLARS FOUNDATION MADE PAYMENTS TOTALING $2,623,574 FOR THE COCA-COLA SCHOLARS FOUNDATION SCHOLARSHIPS, CRAWFORD T. JOHNSON, III SCHOLARSHIPS, AND CORINTH SCHOLARSHIP. IN 2023, THE COCA-COLA SCHOLARS FOUNDATION ALSO CONTRIBUTED $441,750 TO PHI THETA KAPPA. THESE CONTRIBUTIONS WILL BE USED BY PHI THETA KAPPA AND AACC TO PROVIDE 350 SCHOLARSHIPS TO TWO-YEAR COLLEGE STUDENTS CURRENTLY ENROLLED IN A TWO-YEAR INSTITUTION OR MAKING THE TRANSITION FROM A TWO-YEAR COLLEGE TO A FOUR-YEAR UNIVERSITY. 6253610 true true false false false false false false false true true false false false false true true false false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true 0 0 true 9 true false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false GA X LAQUANDA PRINCE 7703499599 1 COCA-COLA PLAZA NAT 9 Atlanta GA 30313 JANE HOPKINS PRESIDENT & SECRETARY 40.0 0.0 X 272500 0 52815 JAMES WILLIAMS HIGHEST COMPENSATED 40.0 0.0 X 162000 0 46081 LAQUANDA PRINCE TREASURER 40.0 0.0 X 142000 0 36862 ERICIA WARD HIGHEST COMPENSATED 40.0 0.0 X 106500 0 22401 CAROLYN NORTON HIGHEST COMPENSATED 40.0 0.0 X 103000 0 22214 LAUREN O' BRIEN HIGHEST COMPENSATED 40.0 0.0 X 103000 0 20103 KIRK TYLER CHAIRMAN 2.0 0.0 X 0 0 0 JUNIOR BRIDGEMAN BOARD MEMBER 1.0 0.0 X 0 0 0 LISA CHANG BOARD MEMBER 1.0 0.0 X 0 0 0 JOSH DORMINY BOARD MEMBER 1.0 0.0 X 0 0 0 MARK FRANCOEUR BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN GOULD BOARD MEMBER 1.0 0.0 X 0 0 0 ANGELA HARRELL BOARD MEMBER 1.0 0.0 X 0 0 0 CRAWFORD JONES BOARD MEMBER 1.0 0.0 X 0 0 0 BEATRIZ PEREZ BOARD MEMBER 1.0 0.0 X 0 0 0 PAMELA STEWART BOARD MEMBER 1.0 0.0 X 0 0 0 DAN WHITE BOARD MEMBER 1.0 0.0 X 0 0 0 T MARTIN WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 889000 0 200476 6 false true false 0 3072129 3072129 0 2536243 2536243 0 0 0 0 0 10692163 10133744 558419 558419 558419 0 0 0 0 0 0 0 0 0 0 6166791 3094662 441750 441750 2623574 2623574 0 0 509670 284670 142811 82189 0 595255 332473 166792 95990 66424 43572 21225 1627 110840 48009 51081 11750 70222 39083 19547 11592 0 0 34250 34250 0 14342 14342 210077 210077 650319 607927 42392 0 6538 2715 3823 156823 142086 14737 0 0 216040 209623 6417 0 31812 31812 0 0 6645 4652 1993 44897 44897 LEADERSHIP SUMMIT 605248 605248 SCHOLARS WEEKEND PRODUCTION 516904 516904 MEALS & ENTERTAINMENT 287970 283328 4642 GIFTS FOR SCHOLARS & SPEAKERS 24358 24358 21253 11826 9427 7245211 6253610 774111 217490 X 681715 877289 0 0 197739 192542 0 0 0 0 0 0 0 0 0 0 45638 37228 562544 558900 10289 3644 65769037 68758862 0 0 0 0 0 0 0 0 66704418 69869565 300541 199987 158480 158480 0 0 0 0 0 0 0 0 0 0 0 0 0 0 459021 358467 X 64604603 67950338 1640794 1560760 66245397 69511098 66704418 69869565 -1078420 4344121 X false true X true false X 1428650 1115976 9222558 7658195 3072129 22497508 0 0 1428650 1115976 9222558 7658195 3072129 22497508 10949205 11548303 1218499 1035311 1260183 1578089 2536243 7628325 0 0 30125833 0 0.38334 0.41434 X UNUSUAL GRANT As part of the organization's most recent strategic plan, in December 2021, the Foundation embarked upon a campaign to raise $50M, seeking to secure funding that would extend the life of the Foundation. A successful campaign would allow CCSF to continue their mission of offering scholarships and programming opportunities to young people in the future. At the end of 2021, the Foundation presented a case for support to constituents, including the Coca-Cola system (The Coca-Cola Company & US-based Coca-Cola bottlers), hoping to raise the $50M over 3-5 years. Although CCSF management did not expect the funds to be received in 2021, Coca-Cola responded by making an unrestricted and unconditional cash gift of $20M in December 2021. There is no expectation that the Foundation will receive additional campaign funding from the Coca-Cola Company. Due to the unexpected nature of the contribution, we are considering the $20m as unusual because it was from an unrelated entity, it was unrestricted, the organization has historically been publicly supported, the organization has as broad representative body, among other factors. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34795493 1840469 36635962 27833316 6962177 34795493 27833316 27833316 1.00000 false false 4977 4977 0 557567 553923 3644 3644 0 0 X 10568615 4344121 57703 4401824 6166791 6166791 7302914 57703 57703 7245211 7245211 Schedule D, Part X, Line 2 The Foundation is exempt from income taxes under Section 501(a) as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Accordingly, no provision for federal or state income taxes has been made in the accompanying financial statements. The Foundation annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Foundation takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Foundation is subject to examination by the federal and state taxing authorities. In general, the Foundation is no longer subject to tax examinations for the tax years ending before December 31, 2020. true Phi Theta Kappa 1625 Eastover Drive Jackson MS 39211 646012238 501(c)(3) 441750 Scholarships 1 Scholarships 463 2623574 Schedule I, Part I, #2 By sending scholarship checks directly to Scholars' financial aid office and/or third party vendor (including campus bookstores and computer retailers), the Foundation is able to ensure that the funds are used for expenses directly related to education. X X X X false false false false false false false true false JANE HOPKINS PRESIDENT & SECRETARY 262500 0 10000 0 0 0 45306 0 9845 0 327651 0 0 0 JAMES WILLIAMS HIGHEST COMPENSATED 150000 0 12000 0 0 0 23231 0 27581 0 212812 0 0 0 LAQUANDA PRINCE TREASURER 130000 0 12000 0 0 0 20273 0 19745 0 182018 0 0 0 Schedule J, Question 7 Bonuses paid to officers and employees were board designated and part of normal compensation. Form 990, Part VI, Line 11B The form 990 is first reviewed by the President with a final copy provided to each member of the board of directors prior to filing. Form 990, Part VI, Line 12C BOARD OF DIRECTORS AND OFFICERS SIGN CONFLICT OF INTEREST POLICY ANNUALLY. CONFLICTS OF INTEREST STATEMENTS ARE REVIEWED BY MANAGEMENT AND THE CHAIRMAN OF THE BOARD OF DIRECTORS. NO CONFLICTS WERE NOTED FOR THE 12/31/23 YEAR END. IF A CONFLICT WERE DEEMED TO EXIST BY EITHER MANAGEMENT OR THE BOARD CHAIRMAN, MEMBER WOULD BE BARRED FROM VOTING. Form 990, Part VI, Line 15A & 15B All employees' compensation is reviewed annually by the entire board of directors. Appropriate salary survey information from national publishers including Abbot, Langer & Associates, Guidestar, Economic Research Institute and the Council on Foundations is referenced to benchmark compensation. Coca-Cola Bottler's Association 3290 northside parkway atlanta GA 30327 580198280 member assc GA 501(c)(6) Na false false false false false false false false false false false false false false false false false false false false