2026-04-20T16:19:01Z 2025-12-31 990 2025-01-01 833175469 STEP FORWARD SCHOLARSHIP FUND INC STEP 9199231541 PO Box 4631 Chapel Hill NC 27515 Peter M Koelsch Treasurer 9199231541 2026-04-20 2025 2025-03-06 01:10:19Z X STEP FORWARD SCHOLARSHIP FUND Peter M Koelsch Treasurer 78003 Stokes Chapel Hill NC 27517 238209 false X www.stepforwardgc.org X Public Charity 2018 NC Provide scholarships to employees of Governors Club and their legal dependents. 9 9 0 18 0 0 226784 219379 0 13154 18830 0 239938 238209 154969 130419 0 0 0 0 0 0 10010 15097 23241 170066 153660 69872 84549 330464 426531 0 3530 330464 423001 Provide Scholarships to employees of Governors Club and their legal dependents by following a rigorous and clearly defined selection process. false false 132098 130419 0 Provided Scholarships to 24 students for College, University, Technical College, Community College, or Trade Association related expenses. 132098 true true false false false false false false false true false false false false false false false 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 false false false false true 0 0 0 false false false false false true true false false false false false false X 9 9 false false false false false false false true true false false true true true true false false false X Peter M Koelsch 9199231541 78003 Stokes Chapel Hill NC 27517 Nancy Broaddus President 15.00 0.00 X X 0 0 0 Janet Shaw Vice President 8.00 0.00 X X 0 0 0 Peter Koelsch Treasurer 10.00 0.00 X X 0 0 0 Eduardo Sanchez Secretary 8.00 0.00 X X 0 0 0 David Hopkinns Board Member 8.00 0.00 X 0 0 0 Jane Mayberry Board Member 8.00 0.00 X 0 0 0 Janie Butler Board Member 8.00 0.00 X 0 0 0 Karen Degner Board Member 8.00 0.00 X 0 0 0 Larry Manaugh Board Member 8.00 0.00 X 0 0 0 0 0 0 0 false false false 0 0 0 9295 210084 1251 219379 18830 18830 0 0 0 0 0 0 0 0 0 9295 0 0 0 0 0 0 0 0 0 0 0 238209 18830 0 0 0 0 130419 130419 0 0 0 0 0 0 3984 0 3984 288 288 5119 5119 475 475 Event Expenses 11108 1098 10010 Bad Debt Expense 581 581 Banking, Credit Card, and Online Donation Expenses 862 862 824 824 153660 132098 11552 10010 81113 67597 108159 134519 14750 141192 209665 0 0 330464 426531 3530 0 3530 X 246293 304590 84171 118411 330464 423001 330464 426531 84549 7988 X X false false false X 0 0 0 0 131000 134465 207065 226784 219379 918693 131000 134465 207065 226784 219379 918693 0 0 0 918693 5190 13154 18830 37174 0 0 0 5190 13154 18830 37174 0 0 131000 134465 212255 239938 238209 955867 0.96110 0.98600 0.03890 0.03400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 141192 52000 18473 2000 209665 68437 70500 8255 6000 141192 0 70000 3437 5000 68437 0 0 0.43500 0.56500 0.00000 false false Part V, Line 4 The Legacy (Restricted) Funds provide supplemental annual funds, to help fund additional special scholarships. The Endowment (Unrestricted) funds help to insure that the Charity will be able to provide ongoing Scholarship payments to its beneficiaries even in the event of a serious downturn in ongoing donations/contributions. true Scholarships (As noted in Form 990, Part III, 4a) 24 130419 0 na na Part I, Line 2 Each year, the Mentoring Committee of the Step Forward Scholarship Fund (SFSF) surveys and holds discussions among the eligible population to guage the need for scholarships for employees and their legal dependents. Written applications are received during February-March for scholarships beginning for the Summer and subsequent Fall academic periods. During April-June the SFSF Scholarship Committee conducts in-depth interviews to assess each Scholarship applicant versus detailed criteria. After concluding the interview process, the SFSF Board receives a list of recommended Scholarship candidates. Following Board review and determinations, the successful candidates are notified and can then receive Scholarship payments. Part VI, Line 11b Part VI, Line 11 (b): A copy of Form 990 and all Schedules is first reviewed with the President, then provided to all Board members in advance of review and discussion at a full Board Meeting. Based on those reviews, the Filing is then completed. Part VI, Line 12c Part VI, Line 12 (c) The Conflict of Interest Policy is reviewed with the Board annually, and all Board members are required to sign the Policy each year Part VI, Line 19 Part VI, Line 19: The Form 990 and all Schedules except Schedule B for 2025 is being posted on the website, with affirmative support via a Board vote. All organization Policies are available and provided upon Request. Part XII, Line 1 Part XII, Line 1: The method of accounting for 2025 Year End Financial Statements and therefore for this Form 990 submission is being done on Accrual basis for the first time. In prior years, a strict Cash basis was used. The change was made since the organization and its finances has grownduring the past several years and become more-complex with multiple Funds and bank/investment accounts. The Accrual method is now preferable both for capturing Year End financial status and for accurately preparing the Form 990 Tax submissions. Line B, Amended return The purpose of this amended return is to correct missing values on Part I carried over from Part X totals.