2024-08-16T10:13:51-05:00 2023-12-31 593204548 JAMES MOORE & CO PL 2477 TIM GAMBLE PLACE SUITE 200 TALLAHASSEE FL 323084386 990 2023-01-01 590939481 SOUTHERN SCHOLARSHIP FOUNDATION INC SOUT 8502223833 322 STADIUM DRIVE TALLAHASSEE FL 323043450 SHAWN WOODIN PRESIDENT/CEO 8502223833 2024-08-16 1 1 MARK PAYNE P00005495 8503866184 2024-08-12 2023 2024-08-08 14:25:15Z SHAWN WOODIN 322 STADIUM DRIVE TALLAHASSEE FL 323043450 5597477 0 X WWW.SOUTHERNSCHOLARSHIP.ORG X 1957 FL THROUGH RENT-FREE HOUSING AND COOPERATIVE LIVING, SOUTHERN SCHOLARSHIP FOUNDATION SUPPORTS STUDENTS WHO LACK FINANCIAL RESOURCES, DEMONSTRATE EXCELLENT ACADEMIC MERIT, AND EXEMPLIFY GOOD CHARACTER ATTEND INSTITUTIONS OF HIGHER EDUCATION. 25 25 15 25 0 0 1029236 1470203 177754 109260 303497 238284 96840 110451 1607327 1928198 0 0 0 0 786561 789362 0 0 248940 1474922 1416204 2261483 2205566 -654156 -277368 16159156 17008593 570689 1005123 15588467 16003470 THROUGH RENT-FREE HOUSING AND COOPERATIVE LIVING, SOUTHERN SCHOLARSHIP FOUNDATION SUPPORT STUDENTS WHO LACK FINANCIAL RESOURCES, DEMONSTRATE EXCELLENT ACADEMIC MERIT, AND EXEMPLIFY GOOD CHARACTER ATTEND INSTITUTIONS OF HIGHER EDUCATION. 0 0 1768501 219711 BY PROVIDING RENT-FREE HOUSING, SOUTHERN SCHOLARSHIP FOUNDATION (SSF), DRAMATICALLY REDUCES THE COST OF LIVING, THUS INCREASING THE LIKELIHOOD THAT LOW INCOME STUDENTS WILL COMPLETE THEIR DEGREES. THROUGH COOPERATIVE LIVING, RESIDENTS MANAGE HOUSEHOLD BUDGETS, ENFORCE RULES DESIGNED TO SUPPORT A CLEAN, SAFE ENVIRONMENT; AND THEY COOK MEALS AND EAT TOGETHER. RESIDENTS HAVE A HOME, A COMMUNITY, AND A SUPPORT NETWORK FROM THE FIRST DAY THEY ENTER THEIR HOUSES. SSF OPERATES 26 HOUSES AND SERVES AN AVERAGE OF 400 RESIDENTS IN GAINESVILLE, FT. MYERS, AND TALLAHASSEE, FL. 1768501 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X X SUZANNE LITHERLAND 8502223833 322 STADIUM DRIVE TALLAHASSEE FL 323043450 JIM DAVIS BOARD CHAIR 2.00 X X 0 0 0 DR SHEILA K DICKISON CHAIR ELECT 2.00 X X 0 0 0 PAULA DEBOLES-JOHNSON BOARD SECRETARY 2.00 X X 0 0 0 RYAN TUCKER TREASURER 2.00 X X 0 0 0 RHODA GLASCO FODERINGHAM IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 ANNE TOULOUSE AT-LARGE 2.00 X 0 0 0 DAVID ASHBURN AT-LARGE 2.00 X 0 0 0 ALIX ALEXIS DIRECTOR 2.00 X 0 0 0 DHYANA ZIEGLER PHD DIRECTOR 2.00 X 0 0 0 GAYLA PARKS DIRECTOR 2.00 X 0 0 0 JILL VARNES DIRECTOR 2.00 X 0 0 0 JOHN JENKINS DIRECTOR 2.00 X 0 0 0 KATHRYN BELL DIRECTOR 2.00 X 0 0 0 KELLY SLEEPER DIRECTOR 2.00 X 0 0 0 KIANA PETERS DIRECTOR 2.00 X 0 0 0 LASHONDIA KENDRICK DIRECTOR 2.00 X 0 0 0 LINDA JENKINS DIRECTOR 2.00 X 0 0 0 LYNN LEVERTY DIRECTOR 2.00 X 0 0 0 MARY K BEDFORD DIRECTOR 2.00 X 0 0 0 NICHOLAS APPELO DIRECTOR 2.00 X 0 0 0 PAMELA PAULK DIRECTOR 2.00 X 0 0 0 JA'CHELLE JOHNSON DIRECTOR 2.00 X 0 0 0 JIM WYLIE DIRECTOR 2.00 X 0 0 0 BILL OLIVER DIRECTOR 2.00 X 0 0 0 NATASHA ST HILLAIRE DIRECTOR 2.00 X 0 0 0 SHAWN WOODIN PRESIDENT/CEO 40.00 X 125853 0 6568 125853 0 6568 1 0 0 0 0 1470203 7350 1470203 OPERATIONAL FEES 531390 109260 109260 109260 254809 254809 3652754 3655736 13543 -2982 -13543 -16525 -16525 MISCELLANEOUS INCOME 900099 55386 55386 FOOTBALL PARKING REVENUE 900099 37138 37138 INSURANCE PROCEEDS 900099 17927 17927 110451 1928198 219711 0 238284 132421 88722 14566 29133 527065 353133 57977 115955 9454 6334 1040 2080 68400 45828 7524 15048 52022 34856 5722 11444 604 212 211 181 22500 7875 7875 6750 114255 39989 39989 34277 29 29 73560 35920 20019 17621 13723 13037 137 549 55056 55056 4968 4272 199 497 85156 73235 3406 8515 4227 4227 458431 458431 225264 200485 22526 2253 REPAIRS AND MAINTENANCE 305574 305574 DUES AND SUBSCRIPTIONS 35953 31279 360 4314 MISCELLANEOUS 9554 7280 2274 IN-KIND EXPENSES 7350 6983 73 294 2205566 1768501 188125 248940 326060 508529 229040 242444 259510 46838 168937 62165 41113 55964 16024191 8078907 6661842 7945284 8472654 8147369 16159156 17008593 242439 246463 414406 328250 344254 570689 1005123 X 6720356 7497265 8868111 8506205 15588467 16003470 16159156 17008593 -277368 692371 0 X X 0 1 X 1 0 X 2093262 1645690 1096337 1029236 1470203 7334728 2093262 1645690 1096337 1029236 1470203 7334728 293991 7040737 315450 259046 373049 459584 254809 1661938 33687 28917 155786 96840 110393 425623 9422289 1549236 0.74720 0.74830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8659395 182824 -478265 33883 8330071 10749133 108121 -2197859 8659395 9099624 99296 1550213 10749133 8957579 130361 11684 9099624 7898102 225272 834205 8957579 0.97532 0.02468 0 0 492296 492296 12775889 7470745 5305144 941245 557434 383811 1814761 50728 1764033 7945284 STUDENT DEPOSITS 67735 FUNDS HELD FOR HOUSES 276519 344254 X 2636766 692371 16197 708568 1928198 0 1928198 2221763 16197 16197 2205566 0 2205566 PART X, LINE 2: THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONSIN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FORACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL MANAGE THE AFFAIRS OF THE FOUNDATION BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT TO THE BYLAWS AND THE POLICIES AND DIRECTION OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE FOR THE OBSERVATION OF POLICIES AND ADMINISTRATION OF PROGRAMS APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL CONSIDER, EVALUATE AND ANALYZE ISSUES THAT HAVE IMPLICATIONS FOR BYLAW CHANGES AND SHALL COMMUNICATE ITS RECOMMENDATIONS REGARDING BYLAW CHANGES TO THE GOVERNANCE AND NOMINATIONS COMMITTEE. DECISIONS TO HIRE OR DISMISS THE PRESIDENT OF THE FOUNDATION SHALL BE MADE BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 JOHN AND LINDA JENKINS HAVE A FAMILLY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND THE ACCOMPANYING SCHEDULES ARE PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE PRESIDENT REVIEWS THE TAX RETURN AND RESOLVES ANY DIFFERENCES WITH THE INDEPENDENT ACCOUNTING FIRM. THE ORGANIZATION DISTRIBUTES TO ALL BOARD MEMBERS A COPY OF THE FORM 990 AND ACCOMPANYING SCHEDULES. DISTRIBUTION MAY BE IN THE FORM OF A HARD COPY, AN ELECTRONIC COPY OR A SECURE LINK ON THE WEBSITE. ONCE ALL QUESTIONS OR DISCREPANCIES ARE RESOLVED WITH THE PRESIDENT AND INDEPENDENT ACCOUNTING FIRM, THEN THE TAX RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF DIRECTORS IS FURNISHED A COPY OF THE CONFLICT OF INTEREST POLICY AND REQUIRED TO SIGN THE POLICY. ANY CONFLICTS OR POTENTIAL CONFLICTS ARE REPORTED TO THE BOARD AND RESOLVED BY THE BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE ORGANIZATION'S PRESIDENT IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON MARKET CONDITIONS AND THE INDIVIDUAL'S QUALIFICATIONS AND PERFORMANCE. THE PERFORMANCE REVIEW OF THE PRESIDENT IS CONDUCTED ANNUALLY BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THREE MOST CURRENT YEARS OF FINANCIAL STATEMENTS AND FORM 990S AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.