2025-06-03T14:13:29-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990EZ 2024-01-01 416020807 AUSTIN COMMUNITY SCHOLARSHIP COMMITTEE AUST 5074378736 PO BOX 62 AUSTIN MN 55912 ERIC VAUGHN PRESIDENT 5074378736 2025-05-22 1 0 KATHERINE LUTZKE CPA P01760889 5072802300 2025-05-22 2024 2025-03-06 01:10:19Z X N/A X X 153400 X 65756 17063 70581 67093 3488 86307 54000 599 4081 58680 27627 403271 8840 439738 403271 439738 403271 439738 0 0 403271 439738 SCHOLARSHIPS FOR HIGHER EDUCATION PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS TO ASSIST THEM IN PAYING THE EXPENSES OF HIGHER EDUCATION (27 STUDENTS) 54000 54000 54000 ALICE HOLST ASST. SEC. TREASURER 2.00 599 0 0 ERIC VAUGHN PRESIDENT 1.00 0 0 0 SHARON ALMS VICE PRESIDENT 1.00 0 0 0 CRAIG JOHNSON SEC./TREASURER 0.30 0 0 0 KATHY GREEN DIRECTOR 0.10 0 0 0 ERIN MCCLIMON DIRECTOR 0.10 0 0 0 CHAD SAYLES DIRECTOR 0.10 0 0 0 TONY ROEHL DIRECTOR 0.10 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MN ALICE HOLST PO BOX 62 AUSTIN MN 55912 5074386035 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 39039 44886 45072 48437 65756 243190 39039 44886 45072 48437 65756 243190 132543 110647 14357 12900 13504 14925 17063 72749 315939 0.35020 0.28490 X ORGANIZATION HISTORY:AUSTIN COMMUNITY SCHOLARSHIP COMMITTEE (ACSC) WAS ORGANIZED IN 1963 BY A GROUP OF AUSTIN MN COMMUNITY LEADERS INTERESTED IN PROMOTING SCHOLARSHIPS FOR COLLEGE STUDENTS THAT HAVE COMPLETED THEIR FIRST TWO YEARS OF COLLEGE. THE ORGANIZATION CURRENTLY AWARDS SCHOLARSHIPS TO STUDENTS WHOSE RESIDENCE IS IN EITHER MOWER COUNTY MN OR IN LONDON TOWNSHIP IN FREEBORN COUNTY MN OR IN UNION OR OTRANTO TOWNSHIPS IN MITCHELL COUNTY IN IA.THE AMOUNT OF THE SCHOLARSHIPS HAS RANGED FROM $375/STUDENT IN THE EARLY YEARS OF THE ORGANIZATION UP TO $3,000/STUDENT IN MORE RECENT YEARS. THE NUMBER OF STUDENTS RECEIVING SCHOLARSHIPS EACH YEAR HAS VARIED AS WELL RANGING FROM 3 IN THE INITIAL YEAR TO MORE THAN 40 TODAY.SOURCES OF SUPPORT:THE PHILOSOPHY OF ACSC SINCE INCEPTION HAS BEEN TO AWARD SCHOLARSHIPS TO STUDENTS WHO HAVE ALREADY COMPLETED THEIR SECOND YEAR OF COLLEGE TO ENABLE THEM TO CONTINUE THEIR HIGHER EDUCATION. THEN UPON COMPLETION OF COLLEGE AND IN THE WORKFORCE, THEY ARE ENCOURAGED (BUT NOT REQUIRED) TO IN TURN MAKE CONTRIBUTIONS IN A LIKE AMOUNT BACK TO THE ORGANIZATION SO ADDITIONAL SCHOLARSHIPS CAN BE AWARDED TO FUTURE STUDENTS IN A LIKE MANNER. THUS ONE PRIMARY SOURCE OF FUNDS WITH WHICH TO MAKE THE ANNUAL SCHOLARSHIPS IS THE ANTICIPATED CONTRIBUTIONS FROM THE BROAD NUMBER OF PAST RECIPIENTS.ACSC ALSO RECEIVES CONTRIBUTIONS EACH YEAR FROM THE GENERAL PUBLIC, LOCAL BUSINESSES, AND FROM A 509(A)(3) SUPPORTING ORGANIZATION.EACH YEAR SCHOLARSHIP APPLICANTS MUST COMPLETE AN APPLICATION TO BE CONSIDERED FOR A SCHOLARSHIP. SCHOLARSHIPS ARE AWARDED TO QUALIFYING STUDENTS BASED ON VARIOUS CRITERIA INCLUDING GRADES, COLLEGE EDUCATION HISTORY, FINANCIAL NEED, EMPLOYMENT STATUS, ETC. THE APPLICATION INCLUDES A NARRATIVE ENCOURAGING SUCCESSFUL APPLICANTS TO SUPPORT ACSC FINANCIALLY ONCE THEY HAVE COMPLETED THEIR SCHOOLING.ACSC ISSUES A NEWS RELEASE IN TWO LOCAL NEWSPAPERS EACH YEAR INFORMING THE GENERAL PUBLIC ABOUT THE ORGANIZATION, ITS HISTORY, STRUCTURE AND PURPOSE. THIS NEWS RELEASE IS ALSO ONE OF THE METHODS BY WHICH FINANCIAL SUPPORT FROM THE GENERAL PUBLIC IS SOLICITED AND AS A WAY OF NOTIFYING QUALIFYING STUDENTS OF THE APPLICATION PROCESS.TO ENCOURAGE ADDITIONAL CONTRIBUTIONS FROM PAST RECIPIENTS AND THE GENERAL PUBLIC, THE ASCS HAS IMPLEMENTED A NUMBER OF PROACTIVE PLANS TO EXPAND PUBLIC SUPPORT. A FULL COLOR TRI-FOLD BROCHURE HAS BEEN PREPARED ALONG WITH A COVER LETTER TELLING ABOUT THE HISTORY OF ACSC. EACH YEAR THE LETTER AND BROCHURE ARE MAILED TO WELL OVER 400 PAST SCHOLARSHIP RECIPIENTS AND THEIR PARENTS, TO OTHER RESIDENTS OF THE COMMUNITY, AND TO LOCAL SERVICE CLUBS TO SOLICIT DONATIONS FOR ACSC. THESES DIRECT MAILINGS WILL CONTINUE TO FURTHER BROADEN THE PUBLIC SUPPORT OF THIS ORGANIZATION.ACSC BOARD MEMBERS PERIODICALLY MAKE PRESENTATIONS TO LOCAL SERVICE CLUBS AND OTHER COMMUNITY ORGANIZATIONS RESULTING IN DONATIONS FROM THESE ORGANIZATIONS AND FROM THEIR MEMBERS BROADENING THE PUBLIC SUPPORT OF ACSC. THESE PRESENTATIONS GIVE THE DIRECTORS OF ACSC AN OPPORTUNITY TO FURTHER EXPAND THE AWARENESS OF THE COMMUNITY ABOUT ITS HISTORY, PURPOSE, AND THE SCHOLARSHIPS AVAILABLE FOR QUALIFYING STUDENTS AS WELL AS EXPAND ITS DONOR BASE. THE OBJECTIVE OF THE ANNUAL NEWS RELEASES, DIRECT MAILINGS AND PUBLIC SPEAKING ENGAGEMENTS IS TO FURTHER EXPAND THE BASE OF SUPPORT FOR ACSC THUS PROVIDING EVEN MORE FUNDING FOR ADDITIONAL SCHOLARSHIPS IN THE FUTURE AND TO HELP INCREASE AWARENESS OF THE AVAILABLE SCHOLARSHIPS. GOVERNING BODY:AUSTIN COMMUNITY SCHOLARSHIP COMMITTEE HAS NINE UNPAID VOLUNTEER BOARD MEMBERS/DIRECTORS REPRESENTING A BROAD CROSS SECTION OF THE GENERAL PUBLIC. THESE MEMBERS/DIRECTORS INCLUDE BUSINESS OWNERS, ATTORNEYS, ACCOUNTANTS, EDUCATORS AND THOSE FROM MANY OTHER WALKS OF LIFE. NONE OF THE MEMBERS/DIRECTORS ARE RELATED TO EACH OTHER OR HAVE ANY DIRECT AFFILIATION WITH ANY OF THE RECURRING DONORS TO ACSC. REPLACEMENT BOARD MEMBERS/DIRECTORS ARE NOMINATED BASED ON THEIR COMMUNITY INVOLVEMENT AND ABILITY TO REPRESENT A BROAD CROSS-SECTION OF THE GENERAL PUBLIC.AVAILABILITY OF SCHOLARSHIPS:CURRENTLY, ALL STUDENTS WHO ARE RESIDENTS OF EITHER MOWER COUNTY MN OR LONDON TOWNSHIP IN FREEBORN COUNTY MN OR UNION OR OTRANTO TOWNSHIPS IN MITCHELL COUNTY IA THAT HAVE COMPLETED TWO YEARS OF COLLEGE ARE ELIGIBLE TO APPLY FOR SCHOLARSHIPS.AS EXPLAINED ABOVE, EACH YEAR ACSC ISSUES A NEWS RELEASE IN THE LOCAL NEWSPAPER TO NOTIFY QUALIFYING STUDENTS ABOUT THE AVAILABILITY OF SCHOLARSHIPS AND THE APPLICATION PROCESS. IN ADDITION, INFORMATION ABOUT THE SCHOLARSHIP PROGRAM IS ALSO PROVIDED TO AREA HIGH SCHOOL AND COLLEGE COUNSELORS THAT ADVISE STUDENTS PURSING A COLLEGE EDUCATION. SCHOLARSHIP APPLICATIONS CAN ALSO BE ACCESSED THROUGH THE LOCAL RIVERLAND COMMUNITY COLLEGE WEBSITE. FINALLY, THE SPEAKING ENGAGEMENTS AT LOCAL SERVICE CLUBS AND COMMUNITY ORGANIZATIONS ALSO ASSISTS IN EXPANDING THE AWARENESS OF THE SCHOLARSHIP OPPORTUNITIES. PUBLICLY SUPPORTED ORGANIZATION:BASED ON THE ACTUAL BROAD BASED OPERATIONS OF THE AUSTIN COMMUNITY SCHOLARSHIP COMMITTEE AS EXPLAINED ABOVE, THE ORGANIZATION BELIEVES THE FACTS-AND-CIRCUMSTANCES TEST IS MET THUS CONTINUING ITS QUALIFICATION AS A PUBLICLY SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: INTEREST INCOME - US BANK. AMOUNT: 1. DESCRIPTION: DIVIDEND INCOME - RBC. AMOUNT: 17,062. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 17,063. FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID ACTIVITY CLASSIFICATION: GRANTS FOR SCHOLARSHIPS. GRANTEE NAME: INDIVIDUALS NOT OVER $5,000/SCHOLARSHIP GRANT. AMOUNT GIVEN: 54,000. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: FILING FEES. AMOUNT: 75. DESCRIPTION: PO BOX. AMOUNT: 84. DESCRIPTION: BANK CHARGES, POSTAGE AND BROCHURE. AMOUNT: 762. DESCRIPTION: FOREIGN TAX WITHHOLDINGS. AMOUNT: 47. DESCRIPTION: INVESTMENT MANAGEMENT FEES. AMOUNT: 3,113. TOTAL TO FORM 990-EZ, LINE 16: 4,081. FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS DESCRIPTION: UNREALIZED GAIN. AMOUNT: 8,840. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.