S O S Support Our Scholars Inc
- Assets
- $2.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Maitland, FL
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-0711355
Organization Overview
S O S Support Our Scholars Inc is located in Maitland, 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 12/2022, S O S Support Our Scholars Inc employed 10 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 12/2022, S O S Support Our Scholars Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $976.4k during the year ending 12/2022. While expenses have increased by 23.9% per year over the past 8 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
2022
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 2022, THE ORGANIZATION PROVIDED FINANCIAL SUPPORT AND MENTORING TO 97 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Johnson President | OfficerTrustee | 35 | $70,000 |
Kym Merrill Secretary/treasurer | OfficerTrustee | 15 | $0 |
Christi Ashby Member | Trustee | 3 | $0 |
Barbara Chocky Burks Member | Trustee | 10 | $0 |
Andrea Batchelor Member | Trustee | 3 | $0 |
Catherine Philips Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $589,447 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $864,440 |
| Noncash contributions included in lines 1a–1f | $9,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,453,887 |
| Total Program Service Revenue | $0 |
| Investment income | $5,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,929 |
| Net Income from Fundraising Events | -$95,336 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,359,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $328,626 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $26,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,013 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $47,577 |
| Fees for services: Investment Management | $14,306 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,210 |
| Office expenses | $30,993 |
| Information technology | $18,629 |
| Royalties | $0 |
| Occupancy | $28,826 |
| 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 | $2,367 |
| All other expenses | $77,705 |
| Total functional expenses | $976,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,533,495 |
| Savings and temporary cash investments | $19,536 |
| 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 | $21,106 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $338,740 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,347 |
| Total assets | $1,995,224 |
| Accounts payable and accrued expenses | $4,792 |
| Grants payable | $454,375 |
| 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 | $83,761 |
| Total liabilities | $542,928 |
| Net assets without donor restrictions | $1,452,296 |
| 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 | $1,995,224 |