EIN 61-1393028

Governor's Scholars Program Foundation

Name: Governor's Scholars Program Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Frankfort

State

Kentucky

Year formed

2001

Most recent tax filings

2023-12-01

NTEE code, primary

B82: Scholarships, Student Financial Aid Services

Description

The Governor's Scholars Program Foundation provides financial support for the Governor's Scholars Program, Inc. The foundation raises and manages financial support, and offers planned giving opportunities for donors interested in supporting GSP. The foundation provides financial support to various educational programs of GSP and is located in Frankfort, KY.

Related structure

Governor's Scholars Program Foundation is a subordinate organization under Governor's Scholars Program (GSP).

Also known as...

Ste 210

Total revenues

$558,834

2023

Total expenses

$690,202

2023

Total assets

$3,972,731

2023

Num. employees

2023

Program areas at Governor's Scholars Program Foundation

Financial support provided to various educational programs of the Governor's Scholars Program, Inc.

Grants made by Governor's Scholars Program Foundation

Grantee	Grant description	Grant year	Amount
Governor's Scholars Program (GSP)	Assist in Funding Current Year Operations for the Governor's Scholars Program	2023-12	$425,000

Who funds Governor's Scholars Program Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
RC Durr Foundation	2022-12	General Support	$20,000
Blue Grass Community Foundation (BGCF)	2023-06	To Further the Exempt Purpose of the Organization	$11,807
Ramtell	2023-12	General Support	$10,000
...and 7 more grants received

Personnel at Governor's Scholars Program Foundation

Name	Title	Compensation	Date of data
Gary Braswell	President , Chief Executive Officer , and Chairman		2024-11-25
Neil Ramsey	Chief Executive Officer	$0	2024-11-25
Paul E. Patton	Chancellor		2024-11-25
William E. Mudd	President and Chief Operating Officer		2024-11-25
Wayne M. Martin	Vice President of Development Retail Division	$0	2024-11-25
...and 10 more key personnel

Financials for Governor's Scholars Program Foundation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$408,468	$561,911	-27.3%
Program services	$0	$0	-
Investment income and dividends	$52,855	$50,452	4.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$68,378	$823	8208.4%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$29,133	$38,195	-23.7%
Miscellaneous revenues	$0	$0	-
Total revenues	$558,834	$651,381	-14.2%

Form 990s for Governor's Scholars Program Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-06-10	990	View PDF
2022-12	2023-06-12	990	View PDF
2021-12	2022-08-04	990	View PDF
2020-12	2021-08-19	990	View PDF
2019-12	2020-08-13	990	View PDF
...and 11 more Form 990s

Organizations like Governor's Scholars Program Foundation

Organization	Type	Location	Revenue
SUNY Orange Foundation	501(c)(3)	Middletown, NY	$1,438,469
Arkansas Bar Foundation	501(c)(3)	Little Rock, AR	$188,039
Fairmont State Foundation	501(c)(3)	Fairmont, WV	$2,055,165
Coconino Community College Foundation	501(c)(3)	Flagstaff, AZ	$787,534
Belton Educational Foundation	501(c)(3)	Belton, MO	$333,128
Hopkins Education Foundation	501(c)(3)	Hopkins, MN	$438,883
Aurora Public Schools Education Foundation	501(c)(3)	Aurora, CO	$2,682,880
Edmond Public Schools Foundation	501(c)(3)	Edmond, OK	$1,103,964
Carthage R-9 School Foundation	501(c)(3)	Carthage, MO	$183,117
Petaluma Educational Foundation	501(c)(3)	Petaluma, CA	$1,208,172

Data update history

November 25, 2024

Updated personnel

Identified 18 new personnel

August 14, 2024

Posted financials

Added Form 990 for fiscal year 2023

August 12, 2024

Updated personnel

Identified 1 new personnel

July 13, 2024

Received grants

Identified 3 new grant, including a grant for $11,807 from Blue Grass Community Foundation (BGCF)

May 18, 2024

Received grants

Identified 1 new grant, including a grant for $10,000 from Gheens Foundation

Nonprofit Types

Grantmaking organizationsSchoolsChapter / child organizationsCharities

Issues

Education

Characteristics

Provides grantsFundraising eventsState / local levelEndowed supportTax deductible donationsAccepts online donations

General information

Address: 112 Consumer LN; Frankfort, KY 40601
Metro area: Lexington-Fayette, KY
County: Franklin County, KY
Website URL: gsp.ky.gov/pages/index.aspx
Phone: (502) 209-4420

IRS details

EIN: 61-1393028
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2001
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B82: Scholarships, Student Financial Aid Services
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Subordinate organization

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Governor's Scholars Program Foundation

Program areas at Governor's Scholars Program Foundation

Grants made by Governor's Scholars Program Foundation

Who funds Governor's Scholars Program Foundation

Personnel at Governor's Scholars Program Foundation

Financials for Governor's Scholars Program Foundation

Form 990s for Governor's Scholars Program Foundation

Organizations like Governor's Scholars Program Foundation

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