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Nonprofit · EIN 61-1709239

ARETE SCHOLARS LOUISIANA INC

Tax-exempt · DACULA, GA 30019

Financials

$9.2M$4.4M2022$13M$7M2023$11.6M$8.4M2024
Revenue Expenses · by fiscal year end
Financials of ARETE SCHOLARS LOUISIANA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$11,635,828$8,428,095$3,207,733$24,433,820$117,780$24,316,040
June 30, 2024990 (amended)$13,004,015$7,025,964$5,978,051$21,008,281$75,264$20,933,017
June 30, 2023990$9,238,365$4,396,961$4,841,404$15,000,023$70,093$14,929,930
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$10,696,201
Program service revenue
$0
Investment income
$939,627
Other revenue
$0

Expenses

Grants and similar amounts paid
$7,245,066
Other salaries and wages
$650,435
Salaries, compensation and benefits (total)
$796,282
Professional fundraising fees
$0
Accounting fees
$49,310
Occupancy
$17,864
Travel
$192,285
Program services (functional)
$7,751,217
Management and general (functional)
$178,773
Fundraising (functional)
$498,105

Balance sheet and other

Total assets, start of year
$21,008,281
Total assets, end of year
$24,433,820
Total liabilities, end of year
$117,780
Net assets, end of year
$24,316,040
Publicly traded securities
$7,715,693
Net assets without donor restrictions
$1,553,280
Net assets with donor restrictions
$22,762,760
Gross receipts
$11,635,828
Employees
4
Volunteers
4
Year formed
2010
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Arthur DuprePresident
Trustee or director, Officer
40$0$307,184$38,875
Gregory BeadlesBoard Chairman
Trustee or director, Officer
1$0$0$0
Derek MonjureBoard Member
Trustee or director, Officer
1$0$0$0
James SmithSecretary
Trustee or director, Officer
1$0$0$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Arthur DuprePresident
Trustee or director, Officer
10$0$296,979$32,792
Gregory BeadlesBoard Chairman
Trustee or director, Officer
1$0$0$0
Derek MonjureBoard Member
Trustee or director
1$0$0$0
James SmithSecretary
Trustee or director, Officer
1$0$0$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Arthur DuprePresident
Trustee or director, Officer
10$0$244,388$14,457
Al PetrangeliTreasurer
Trustee or director, Officer
1$0$0$0
Chris PrinceVice Chairman
Trustee or director, Officer
1$0$0$0
Derek MonjureBoard Member
Trustee or director, Officer
1$0$0$0
Gregory BeadlesBoard Chairman
Trustee or director, Officer
1$0$0$0
Terry TuckerSecretary
Trustee or director, Officer
1$0$0$0
James SmithBoard Member
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
PO BOX 744, DACULA, GA 30019-0013
In care of
% DEREK MONJURE
Principal officer (990 for 2024)
Arthur Dupre, 500 Buford Hwy NE Suite 1001 1002, Suwanee, GA 30024
Signed the 990
Arthur Dupre, President
Phone
(404) 697-2649
Return prepared by
The Ijaz Group LLC

Mission

To assist low-income students in reaching their highest potential through educational opportunity.

990 for the year ended June 30, 2025

Program accomplishments

  • During the fiscal year ended 6/30/2025, Arete Scholars Fund invested more than $7 million in 1,644 scholars across Louisiana - not merely to pay tuition of up to $4,900, but to open a door that changes a familys trajectory. Every Arete Scholar is recognized as a young person of potential whose gifts deserve a school environment designed to develop them. In FY 2025, Arete expanded its scholar development programming through four integrated pillars - Academic Support, Leadership Formation, College & Career Pathways, and Sustaining Success - Providing tutoring, mentorship, and post-secondary guidance alongside the scholarship itself.
    Expenses $7,751,217 · grants $7,245,066

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
61-1709239
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$24,433,820
Income (IRS master file)
$11,635,828

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$11,635,828$8,428,095$24,433,820IRS
990June 2024$13,004,015$7,025,964$21,008,281IRS
990June 2023$9,238,365$4,396,961$15,000,023XML
990June 2022$9,768,931$2,379,849$10,268,726IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1709239).

Questions about ARETE SCHOLARS LOUISIANA INC

What is the EIN of ARETE SCHOLARS LOUISIANA INC?
The employer identification number (EIN) of ARETE SCHOLARS LOUISIANA INC is 61-1709239.
Is ARETE SCHOLARS LOUISIANA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to ARETE SCHOLARS LOUISIANA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ARETE SCHOLARS LOUISIANA INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARETE SCHOLARS LOUISIANA INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARETE SCHOLARS LOUISIANA INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ARETE SCHOLARS LOUISIANA INC?
The 990 for the year ended June 30, 2025 names Arthur Dupre.
Who are the officers and directors of ARETE SCHOLARS LOUISIANA INC?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does ARETE SCHOLARS LOUISIANA INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $11,635,828, expenses of $8,428,095 and total assets of $24,433,820 at year end.

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