S O S Support Our Scholars Inc
- Assets
- $1.5m
- Revenue
- $1.2m
- Investments
- $22.4k
- Employees
- 7
- Location
- Winter Park, FL
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 26-0711355
Organization Overview
S O S Support Our Scholars Inc is located in Winter Park, FL. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, S O S Support Our Scholars Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. S O S Support Our Scholars Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, S O S Support Our Scholars Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $730.2k during the year ending 12/2021. While expenses have increased by 22.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OUR SCHOLAR'S MISSION IS TO PROVIDE COLLEGE-BOUND WOMEN THE VITAL COMBINATION OF PREPARATION, SCHOLARSHIPS, AND GUIDANCE NECESSARY TO COMPLETE AN UNDERGRADUATE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, THE ORGANIZATION PROVIDED FINANCIAL SUPPORT AND MENTORING TO 25 WOMEN PURSUING A FOUR-YEAR UNDERGRADUATE DEGREE AT AN ACCREDITED INSTITUTION. THESE STUDENTS ARE REQUIRED TO MAINTAIN A 3.0 GPA, FOLLOW MENTOR/STUDENT COMMUNICATION GUIDELINES, AND MAINTAIN A GOOD STANDING IN THE COLLEGE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Johnson President | OfficerTrustee | 35 | $69,600 |
Kym Merrill Secretary/treasurer | OfficerTrustee | 15 | $0 |
Andrea Batchelor Member | Trustee | 3 | $0 |
Christi Ashby Member | Trustee | 3 | $0 |
Barbara Chocky Burks Member | Trustee | 10 | $0 |
Catherine Philips Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $836,555 |
| Related organizations | $0 |
| Government grants | $23,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,295 |
| Noncash contributions included in lines 1a–1f | $9,138 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,260,662 |
| Total Program Service Revenue | $0 |
| Investment income | $7,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,204 |
| Net Income from Fundraising Events | -$110,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,194,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $297,349 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,600 |
| Compensation of current officers, directors, key employees. | $2,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,512 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,316 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,445 |
| Information technology | $12,224 |
| Royalties | $0 |
| Occupancy | $10,448 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,205 |
| All other expenses | $744 |
| Total functional expenses | $730,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $927,985 |
| Savings and temporary cash investments | $112,640 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,527 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $385,908 |
| Investments—other securities | $22,414 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $1,509,974 |
| Accounts payable and accrued expenses | $6,986 |
| Grants payable | $363,750 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $370,736 |
| Net assets without donor restrictions | $1,139,238 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,509,974 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that S O S Support Our Scholars Inc has recieved totaling $194,542.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $38,600 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $25,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $22,625 |
Dale E And Cheryl E Bartchcharitable Foundation Inc Apopka, FL PURPOSE: SPONSOR 2 STUDENTS | $20,000 |
Chesley Magruder Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |