2024-11-14T12:24:36-06:00 2023-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ROSEVILLE MN 551131117 990 2023-01-01 822735495 SCHOLARS OF FINANCE SCHO 7157162017 5353 GAMBLE DRIVE 320 ST LOUIS PARK MN 55416 STEPHEN SORENSON CHIEF OPERATING OFFICER 7157162017 2024-11-14 1 1 RYAN VETTRUS CPA P01243596 6514834521 2024-11-12 2023 2024-10-15 13:58:12Z ROSS OVERLINE 5353 GAMBLE DRIVE 320 ST LOUIS PARK MN 55416 2253549 0 X WWW.SCHOLARSOFFINANCE.ORG X 2017 MN TO INSPIRE CHARACTER AND INTEGRITY IN THE FINANCE LEADERS OF TOMORROW. 9 8 21 9 0 0 1458928 2230418 0 0 0 23131 1012 0 1459940 2253549 0 0 0 0 1012669 949782 0 0 188057 404666 725296 1417335 1675078 42605 578471 2002224 2598908 75454 93667 1926770 2505241 TO INSPIRE CHARACTER AND INTEGRITY IN THE FINANCE LEADERS OF TOMORROW. 0 0 1379020 MEMBER SERVICES: SCHOLARS OF FINANCE IMPACTED OVER 3,700 STUDENTS IN 2023 THROUGH VALUES-BASED LEADERSHIP PROGRAMMING AS THE ORGANIZATION EXPANDED TO 60 CHAPTERS ACROSS THE U.S. 1,800 STUDENTS GRADUATED FROM THE LEADERSHIP DEVELOPMENT PROGRAM, A 7-WEEK COURSE THAT PREPARES STUDENTS TO BE ETHICAL LEADERS IN FINANCE. SOF CONNECTED 340 MEMBERS TO FINANCE PROFESSIONALS FOR MENTORSHIP, PROVIDING COACHING FOR PERSONAL AND PROFESSIONAL GROWTH. HUNDREDS OF FINANCE PROFESSIONALS SPOKE TO OVER 5,100 STUDENTS AT MORE THAN 290 SPEAKING EVENTS AND SYMPOSIA, HELPING MEMBERS DEEPEN THEIR UNDERSTANDING OF FINANCE AND HOW TO BE ETHICAL LEADERS IN THE PROFESSION. THE ORGANIZATION ALSO IMPACTED STUDENTS THROUGH VALUES FORUMS, TECHNICAL WORKSHOPS, AND MUCH MORE. 1379020 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 MN X X STEPHEN SORENSON 7157162017 5353 GAMBLE DR NO 320 ST LOUIS PARK MN 55416 ROSS OVERLINE CHIEF EXECUTIVE OFFICER 40.00 X X 162750 0 14717 RYAN QUINLIVAN VICE CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 NICOLAS SUAREZ TREASURER 1.00 X X 0 0 0 RAY CAMERON DIRECTOR 1.00 X 0 0 0 CARLA FREITAS RENFIELD-MILLER DIRECTOR 1.00 X 0 0 0 KATIE LAWLER DIRECTOR 1.00 X 0 0 0 MAEVE RICHARD DIRECTOR 1.00 X 0 0 0 ARMEL ROMEO KOUASSI DIRECTOR 1.00 X 0 0 0 ELIZABETH J SANDLER DIRECTOR 1.00 X 0 0 0 MIRANDA MEHTA CHIEF IMPACT OFFICER 40.00 X 150708 0 17357 STEPHEN SORENSON CHIEF OPERATING OFFICER 40.00 X 126000 0 21300 RANDAL LEDET DIRECTOR OF MEMBER SUCCESS AND PROGRAMS 40.00 X 103333 0 11297 542791 0 64671 4 0 1 0 0 2230418 2230418 23131 23131 2253549 0 0 23131 492832 421746 9049 62037 368371 315315 6674 46382 24303 20755 495 3053 64276 54937 1258 8081 3013 3013 36089 36089 154499 127687 3835 22977 40671 36629 4042 170889 127012 25449 18428 109975 98404 11571 117589 107960 9629 10339 10339 OTHER 77821 68575 8095 1151 CORPORATE REAL ESTATE 3705 3705 DINING 706 706 1675078 1379020 108001 188057 1573852 1500419 418387 1077618 0 351 9985 20520 2002224 2598908 40454 42167 35000 51500 75454 93667 X 1479290 1374018 447480 1131223 1926770 2505241 2002224 2598908 578471 0 X 0 1 X 0 0 X 285452 208102 2116469 1458928 2230418 6299369 285452 208102 2116469 1458928 2230418 6299369 901066 5398303 23131 23131 1012 1012 6323512 0.85370 0.87660 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - CREDIT CARD LOYALTY INCENTIVES - 2022 AMOUNT: $ 1,012. PART II, COLUMN (C) THE ORGANIZATION CHANGED THEIR ACCOUNTING PERIOD IN TAX YEAR 2020 FROM AUGUST 31 TO DECEMBER 31. THIS RESULTED IN A SHORT-YEAR TAX RETURN. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2253549 0 2253549 0 2253549 1675078 0 1675078 0 1675078 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, THE STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES, BUT THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET UNRELATED BUSINESS INCOME. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE ORGANIZATION HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. X X X X 0 0 0 0 0 0 0 0 0 ROSS OVERLINE CHIEF EXECUTIVE OFFICER 162750 0 0 0 0 0 7717 0 7000 0 177467 0 0 0 MIRANDA MEHTA CHIEF IMPACT OFFICER 150708 0 0 0 0 0 7535 0 9822 0 168065 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE CHAIR, LEAD DIRECTOR, AND SUCH OTHER DIRECTORS AS DESIGNATED BY THE CHAIR AND LEAD DIRECTOR SHALL SERVE AS THE MEMBERS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS EXCEPT FOR POWER TO ELECT, DISMISS OR TERMINATE A DIRECTOR AND THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND BYLAWS, AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE FULL BOARD. IF THERE IS A LEAD DIRECTOR, THEY WILL BE THE CHAIR OF THE EXECUTIVE COMMITTEE. ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE MUST BE RATIFIED BY THE BOARD OF DIRECTORS AT THEIR NEXT MEETING. NO INDIVIDUAL SHALL CONTINUE TO BE A MEMBER OF THE EXECUTIVE COMMITTEE AFTER HE OR SHE CEASES TO BE A DIRECTOR OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE CHAIRMAN AND TREASURER REVIEW THE 990, THE MANAGEMENT TEAM SENDS THE 990 TO THE ENTIRE BOARD OF DIRECTORS, AND THEN POSTS IT ON THEIR WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS WILL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS: A. SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; B. SUCH PERSON HAS READ AND UNDERSTANDS THE POLICY; C. SUCH PERSON HAS AGREED TO COMPLY WITH THE POLICY; AND SUCH PERSON UNDERSTANDS THE CORPORATION IS A CHARITABLE ORGANIZATION, AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A AN INDEPENDENT GROUP OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF ALL HIGH-LEVEL PERSONNEL PERIODICALLY IN ACCORDANCE WITH IRS RULES AND REGULATIONS. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND ALL RELATED BENEFITS. EVERY EFFORT IS MADE TO ENSURE THAT THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH IRS GUIDELINES AND THE ORGANIZATION'S POLICIES AND PROCEDURES. COMPENSATION OF THE OTHER PERSONNEL AND KEY EMPLOYEES IS REVIEWED PERIODICALLY BY MEMBERS OF MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING THEM ON THE ORGANIZATION'S WEBSITE.