Georgia Student Scholarship Organization Sso Inc
- Assets
- $3.8m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Cumming, GA
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-2903667
Organization Overview
Georgia Student Scholarship Organization Sso Inc is located in Cumming, GA. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Georgia Student Scholarship Organization Sso Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Student Scholarship Organization Sso 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, Georgia Student Scholarship Organization Sso Inc generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $9.6m during the year ending 12/2022. While expenses have increased by 15.9% 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.
Since 2014, Georgia Student Scholarship Organization Sso Inc has awarded 17 individual grants totaling $1,513,918. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GEORGIA STUDENT SCHOLARSHIP ORGANIZATION (SSO) INC., IS A NONPROFIT GEORGIA CORPORATION DEDICATED TO OFFERING STUDENTS FROM LOW AND MIDDLE INCOME FAMILY OPPORTUNITIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENTS' CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATED TO OFFERING STUDENTS FROM LOW AND MIDDLE INCOME FAMILY OPPORTUNITIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENTS' CHOICE. DURING 2022 THE ORGANIZATION AWARDED 2,405 SCHOLARHSHIPS TO ELIGIBLE STUDENTS ATTENDING 94 NONPUBLIC K-12 SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Neyer President & CEO | Trustee | 40 | $208,019 |
Cindy Neyer Key Employee | 40 | $89,000 | |
Robert J Jasion Trustee | Trustee | 5 | $2,120 |
Mark C Langston Former Trustee | 0 | $110 | |
Fulton Lewis Trustee | Trustee | 1 | $2,000 |
Tracy Baggett Trustee | Trustee | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,242,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,242,773 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,242,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,773 |
| Grants and other assistance to domestic individuals. | $8,968,806 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $398,079 |
| Compensation of current officers, directors, key employees. | $192,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,460 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $5,257 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,366 |
| 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 | $968 |
| Insurance | $5,144 |
| All other expenses | $5,048 |
| Total functional expenses | $9,597,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,768,455 |
| Savings and temporary cash investments | $0 |
| 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 | $5,516 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,773,971 |
| Accounts payable and accrued expenses | $13,366 |
| Grants payable | $0 |
| 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 | $13,366 |
| Net assets without donor restrictions | $18,126 |
| Net assets with donor restrictions | $3,742,479 |
| 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 | $3,773,971 |
Grants Awarded
Over the last fiscal year, Georgia Student Scholarship Organization Sso Inc has awarded $14,402 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALYN SCHOLARSHIP FUND PURPOSE: Tuition Grants | $6,366 |
GEORGIA GOAL SCHOLARSHIP PROG PURPOSE: Tuition Grants | $8,036 |