Infinite Scholars Program Of Missouri
- Assets
- $133.8k
- Revenue
- $223.3k
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 83-0373655
Organization Overview
Infinite Scholars Program Of Missouri, operating under the name Infinite Scholars Program, is located in St Louis, MO. The organization was established in 2006. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Infinite Scholars Program 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 12/2023, Infinite Scholars Program generated $223.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $167.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OVERALL MISSION OF ISP IS TO PROVIDE STUDENTS WITH THE OPPORTUNITY TO PARTICIPATE IN INNOVATIVE COLLEGE & CAREER READINESS PROGRAMS WHICH HIGHLIGHT THE IMPORTANCE OF EQUALITY DIVERSITY AND INCLUSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP FAIRS ARE THE ORGANIZATION'S LARGEST PROGRAM. ALL REVENUE IS RECEIVED FROM DONATIONS. IN FILING YEAR OVER 8,000 STUDENTS PARTICIPATED IN FAIRS AND ELIGIBLE STUDENTS RECEIVED SCHOLARSHIPS TO CONTINUE THEIR HIGHER EDUCATION WITH LITTLE OR NO COSTS. A VAST MAJORITY OF APPLICATION FEES WERE WAIVED AND STUDENTS RECEIVED NOTIFICATIONS OF SCHOLARSHIP ELIGIBILITY AND COLLEGE ADMITTANCE ON THE SPOT OR FOLLOWING THE FAIRS. VOLUNTEERS ASSISTED IN FAIR PREPARATION AND REGISTRATION PROCESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Williams Cochair | Officer | 5 | $5,000 |
Dr Melvin Steals Director | Trustee | 5 | $2,000 |
Thomas Ousley President CEO | Officer | 20 | $15,900 |
Jose Cornier Treasurer Chief Financial Officer | Officer | 5 | $4,150 |
Sandra King Chaplain | Trustee | 5 | $0 |
Anna Gee Director | Trustee | 5 | $0 |
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 | $223,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,318 |
| 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 | $223,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,200 |
| Compensation of current officers, directors, key employees. | $16,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,703 |
| Fees for services: Management | $75,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,137 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,495 |
| Advertising and promotion | $15,867 |
| Office expenses | $825 |
| Information technology | $5,510 |
| Royalties | $0 |
| Occupancy | $312 |
| Travel | $18,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,727 |
| Interest | $870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,209 |
| All other expenses | $1,050 |
| Total functional expenses | $167,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,789 |
| 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 | $0 |
| 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 | $133,789 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $133,789 |
| Total liabilities and net assets/fund balances | $133,789 |