2024-05-15T11:32:34+00:00 2023-06-30 363990892 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2022-07-01 272494520 Arete Scholars Fund Inc ARET 4046972649 3617 Braselton Hwy 101 Dacula GA 30019 Arthur Dupre President 4046972649 2024-05-15 true Arthur Dupre 999009999 true Luke Burnett P01079018 5055022746 2022 2023-04-26 12:10:37Z Arthur Dupre 3617 Braselton Hwy 101 Dacula GA 30019 6176961 false X www.aretescholars.org X 2010 GA To assist low-income students in reaching their highest potential through educational opportunity. 7 6 4 14 0 0 5864923 6079114 0 0 29825 97847 0 0 5894748 6176961 4232836 5075229 0 0 311279 285795 0 0 87071 184560 139912 4728675 5500936 1166073 676025 9628160 10292233 20135 8183 9608025 10284050 To help economically disadvantaged children discover and use their unique gifts and talents through educational opportunity. false false 5292573 5075229 0 Arete Scholars Fund, Inc. awarded over 1,100 K4-12 Education scholarships during the 2022-2023 fiscal year totalling over $5 million. Scholarships were awarded solely to qualifying low-income students. The scholarships give parents, whose choices are otherwise limited, the opportunity to select the K4-12 private school that best meets their childrens needs. The scholarships pay up to $4,000 for private school tuition and fees. 5292573 true true false false false false false false false false true false false false true true false false false false false false false false false false false true false false false false false false false false false false false false false false true true true false false true 1 0 true 4 false false false false false false false false false false false false X 7 6 false false false false false false false true false false false true true true true true true true false false GA X Mike Townsend 4049650600 3617 Braselton Hwy Ste 101 Dacula GA 30019 Al Petrangeli Treasurer 1.0 1.0 X X 0 0 0 Arthur Dupre President 40.0 10.0 X X 244388 0 14457 Chris Prince Vice President 1.0 1.0 X X 0 0 0 Gregory Beadles Board Chairman 1.0 1.0 X X 0 0 0 Terry Tucker Secretary 1.0 1.0 X X 0 0 0 Derek Monjure Board Member 1.0 1.0 X 0 0 0 James Smith Board Member 1.0 1.0 X 0 0 0 244388 0 14457 1 false false false 0 6079114 6079114 0 0 0 0 0 97847 97847 0 0 0 0 0 0 0 0 0 6176961 0 0 97847 5075229 5075229 143747 86247 7188 50312 118157 70723 32281 15153 2201 1317 767 117 9860 5897 3327 636 11830 7089 1881 2860 41391 41391 14174 2952 10878 344 6917 2346 3625 946 10945 5508 3218 2219 7755 7081 674 944 566 150 228 36358 21789 5781 8788 9378 5620 1491 2267 8527 8527 Professional Development 348 209 55 84 3175 0 58 3117 5500936 5292573 121292 87071 24056 1569897 9473375 1332861 128811 53404 0 0 1918 1918 0 0 0 2640747 0 4693406 0 0 0 9628160 10292233 20135 8183 0 0 0 20135 8183 X 235454 294112 9372571 9989938 9608025 10284050 9628160 10292233 676025 0 X false true X true false X 4176735 4501987 4318706 5864923 6079114 24941465 0 0 0 0 4176735 4501987 4318706 5864923 6079114 24941465 0 6772 7050 10100 7803 31725 0 0 0 0 0 0 0 6772 7050 10100 7803 31725 24909740 82790 98040 36439 29825 97847 344941 0 82790 98040 36439 29825 97847 344941 0 0 0 0 0 0 0 4259525 4600027 4355145 5894748 6176961 25286406 0.9851 0.9877 0.01 0.0112 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Certificates of Deposits 1097615 Corporate Debt Securities 1452972 United States Treasury notes 2142819 4693406 0 X 6176961 0 0 6176961 0 0 6176961 5500936 0 0 5500936 0 0 5500936 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2023, Arete had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Arete files information tax returns in the U.S. and the state of Georgia. Arete is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for the years before 2020. true Scholarships 1303 5075229 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Procedures for Monitoring Grants in the US: Arete Scholars Fund, Inc. offers a limited amount of scholarships to students based solely on financial need. Applicants are required to furnish information pertinent to the determination of parental income and the ability to meet tuition requirements. Each application is considered on an individual basis and applications are reviewed annually. Awards are made to each student and the checks are made payable to the school and the parent. Form 990, Part VI, Line 15b Process to establish compensation of top management official The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The Board and officers sign conflict of interest statements. These statements are reviewed by the President. The Board Chairman reviews the President's signed statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Line 15a Process to establish compensation of top management official The independent Board discusses and reviews compensation. Annual comparisons are made to industry standards before approving salaries for the President. The decisions and deliberations are contemporaneously documented. Form 990, Part VI, Line 19 Required documents available to the public Arete Scholars Fund makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are available on the organization's website. Arete Scholars Louisiana Inc 3617 Braselton Hwy Ste 101 Dacula GA 30019 611709239 Assist low-income students reach their highest potential through education. LA 501(c)(3) 7 Arete Scholars Fund Inc true false false false true false false false false false false false false false true true false true false false Arete Scholars Louisiana Inc D 53404 Arete Scholars Louisiana Inc N 0 Arete Scholars Louisiana Inc O 0 Arete Scholars Louisiana Inc Q 0