2024-05-14T16:09:26-05:00 2023-12-31 431305800 UHY ADVISORS MIDWEST INC 15 SUNNEN DRIVE SUITE 100 ST LOUIS MO 631433819 990 2023-01-01 436031234 THE SCHOLARSHIP FOUNDATION OF ST LOUIS SCHO 3147257990 6825 CLAYTON AVE STE 100 ST LOUIS MO 63139 JANET HENDRICKSON TREASURER 3147257990 2024-05-08 1 JANET HENDRICKSON 999009999 1 DENISE PISCIOTTA P00560435 3146151200 2024-05-08 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JANET HENDRICKSON 6825 CLAYTON AVE STE 100 ST LOUIS MO 63139 58386473 0 X WWW.SFSTL.ORG X 1920 MO PROVIDES NEED-BASED AWARDS AND ADVISING TO STUDENTS PURSUING POST-SECONDARY EDUCATION. 28 28 19 43 0 0 5710347 8263072 2272995 2237583 -491220 1179831 95300 108150 7587422 11788636 5042005 5787785 0 0 1570029 1915470 0 0 634528 2430308 1633921 9042342 9337176 -1454920 2451460 46466432 46405455 2978042 3201092 43488390 43204363 X BASED ON A CONVICTION THAT AN EDUCATED SOCIETY IS ESSENTIAL TO A HEALTH DEMOCRACY, THE SCHOLARSHIP FOUNDATION OF ST. LOUIS SUPPORTS STUDENTS WITH FINANCIAL NEED TO AND THROUGH HIGHER EDUCATION BY PROVIDING SCHOLARSHIP GRANTS, INTEREST-FREE LOANS, AND STUDENT SUPPORT SERVICES. 0 0 7270674 5787785 2238583 OPERATING ON A NONDISCRIMINATORY BASIS, THE FOUNDATION AWARDS SCHOLARSHIP GRANTS AND RENEWABLE INTEREST-FREE, FEE-FREE LOANS TO APPLICANTS WITH SIGNIFICANT FINANCIAL NEED WHO DEMONSTRATE SATISFACTORY ACADEMIC PROGRESS AND GOOD CHARACTER AND ARE FROM THE PROGRAM'S ELIGIBLE SERVICE AREA OR GRADUATE FROM AN ELIGIBLE HIGH SCHOOL. DURING 2023, 527 STUDENTS WERE AWARDED A TOTAL OF $4,531,285 IN SCHOLARSHIP GRANTS AND $1,256,500 IN INTEREST-FREE LOANS. 598427 THE FOUNDATION'S STUDENT ADVISING PROGRAM PROVIDES GUIDANCE AND ASSISTANCE TO STUDENTS AND FAMILIES, HELPING THEM NAVIGATE THE PROCESS OF APPLYING FOR FINANCIAL AID AND MAKE ENROLLMENT DECISIONS. STUDENTS WHO RECEIVE SCHOLARSHIP GRANTS OR INTEREST-FREE LOANS FROM THE FOUNDATION ARE ASSIGNED A STUDENT ADVISOR; WHO IS RESPONSIBLE FOR PROVIDING PERSONALIZED SUPPORT AND ADVISING THROUGHOUT COLLEGE. DURING 2023, FOUNDATION ADVISORS ENGAGED WITH 5,950 INDIVIDUALS, PROVIDING NECESSARY INFORMATION AND TIMELY RESOURCES TO SUPPORT INFORMED DECISION-MAKING BY STUDENTS. 245559 THE FOUNDATION OFFERS STUDENTS POLICY FELLOWSHIP PROGRAM AS PART OF THE ORGANIZATION'S COMMITMENT TO SUPPORTING AN EDUCATED SOCIETY. FOUNDATION STUDENTS ARE IN THE STRONGEST POSITION TO LEAD THIS EFFORT SINCE THEY ARE NAVIGATING BARRIERS TO HIGHER EDUCATION. IN 2023, THE FOUNDATION ENGAGED SELECTED STUDENTS IN A POLICY FELLOWSHIP PROGRAM IN WHICH THEY RESEARCHED SPECIFIC ISSUES, DEVELOPED THE FOUNDATION'S POLICY PLATFORM, AND ADVOCATED FOR ITS IMPLEMENTATION AT THE STATE, FEDERAL, AND CAMPUS LEVELS. 8114660 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 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 34 0 1 19 1 0 0 0 0 0 0 0 0 0 0 X 28 28 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 MATT DACE VICE PRESIDENT 4.00 X X 0 0 0 KAREN O DRAKE VICE PRESIDENT 4.00 X X 0 0 0 MUHAMMAD ISLAM VICE PRESIDENT 4.00 X X 0 0 0 JANET HENDRICKSON TREASURER 4.00 X X 0 0 0 JACQUELINE MEADERS BOOTH SECRETARY 4.00 X X 0 0 0 JILL NOWAK 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 CARDELIA COLLIER-ROBINSON DIRECTOR 2.00 X 0 0 0 JENNIFER ENGELING DIRECTOR 2.00 X 0 0 0 JENNIE JEAN-JACQUES DIRECTOR 2.00 X 0 0 0 DEBRA KENNARD DIRECTOR 2.00 X 0 0 0 KATHERINE KREUSSER DIRECTOR 2.00 X 0 0 0 LAURA KIPNIS DIRECTOR 2.00 X 0 0 0 CLAYTON EVANS DIRECTOR 2.00 X 0 0 0 APRIL MICKENS JOLLY DIRECTOR 4.00 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 JORDAN WATSON 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 JOHN MILONAS DIRECTOR 2.00 X 0 0 0 BOB SCHMALZ DIRECTOR 2.00 X 0 0 0 HEIDI VERON DIRECTOR 2.00 X 0 0 0 ROBERT FOLEY DIRECTOR OF INFORMATION TECHNOLOGY 45.00 X 137269 0 17026 TAMEKA HERRION SENIOR DIRECTOR OF PROGRAM 45.00 X 123733 0 12354 CATHERINE HILL DIRECTOR OF FINANCE AND CONTROLLER 45.00 X 117788 0 10014 JENNY WEBER DIRECTOR OF ADVANCEMENT 45.00 X 108259 0 9918 FAITH SANDLER EXECUTIVE DIRECTOR 55.00 X 254753 0 25315 741802 0 74627 5 0 1 0 0 8263072 479443 8263072 STUDENT LOANS REPAID 900099 2237583 2237583 2237583 718973 718973 47058695 46597459 378 461236 -378 460858 460858 MISCELLANEOUS INCOME 900099 108150 108150 108150 11788636 2345733 0 1179831 5787785 5787785 231485 92594 46297 92594 1379761 853207 221170 305384 42177 24758 7001 10418 147608 85100 26889 35619 114439 67176 18997 28266 8937 8937 37791 37791 72721 72721 111685 74652 36433 600 7239 3928 1707 1604 128147 67349 32356 28442 185004 108597 30711 45696 59197 43503 10240 5454 36491 21420 6058 9013 21133 12405 3508 5220 BAD DEBTS & ALLOWANCES 683816 683816 COLLECTION FEES 138870 138870 BANK SERVICE CHARGES 54808 27404 13702 13702 PRINTING & PUBLICATIONS 31756 3807 3220 24729 56326 18289 10250 27787 9337176 8114660 587988 634528 56598 99404 3012243 4855759 69545 365174 23886689 19316050 65845 76377 358865 164392 128165 194473 18440819 20860255 806528 637963 46466432 46405455 856783 713835 2016820 2387044 104439 100213 2978042 3201092 X 31409749 30157949 12078641 13046414 43488390 43204363 46466432 46405455 X 2451460 1151336 -3886823 X X 0 1 X 1 0 X 7693789 6135213 7082792 5710347 8263072 34885213 7693789 6135213 7082792 5710347 8263072 34885213 17809855 17075358 386599 209330 301724 460593 718973 2077219 74396 102467 66452 95300 108150 446765 37409197 0.45640 0.47780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 4940 1 86470 91410 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 6641027 33750 932138 238407 7368508 7436293 150450 -704334 241382 6641027 6589190 314835 751763 219495 7436293 6182424 168600 455956 217790 6589190 4109102 1428000 820294 174972 6182424 0.21200 0.60000 0.18800 0 0 47888 30714 17174 257608 92879 164729 53369 40799 12570 194473 ANNUITIES PAYABLE 1557 PROMISES-TO-GIVE FOR FUTURE FORWARD PROGRAM 98656 100213 11749936 1151336 1120268 2271604 9478332 72721 2237583 2310304 11788636 9128223 1120268 1120268 8007955 72721 1256500 1329221 9337176 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: FORGONE INTEREST ON STUDENT LOANS 1,120,268. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT LOANS REPAID 2,237,583. PART XII, LINE 2D - OTHER ADJUSTMENTS: FORGONE INTEREST ON STUDENT LOANS 1,120,268. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT LOANS AWARDED 1,256,500. 1 GRANTS FOR INTEREST-FREE STUDENT LOAN AWARD AND OTHER AWARD RECIPIENTS 474 4531285 INTEREST-FREE AND FEE-FREE STUDENT LOAN AWARDS 185 1256500 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 ROBERT FOLEY DIRECTOR OF INFORMATION TECHNOLOGY 137269 0 0 0 0 0 4161 0 12865 0 154295 0 0 0 FAITH SANDLER EXECUTIVE DIRECTOR 229438 0 0 0 25315 0 6919 0 18396 0 280068 0 0 0 X 12 479443 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 -2,237,583. STUDENT LOANS AWARDED 1,256,500. CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLES -2,905,740. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.