STANLEY SCHOLARSHIP FUNDS INC

Address
PO BOX 993
STANLEY, ND 58784
Contact
Nonprofit
NTEE: B82 - Scholarships, Student Financial Aid Services, Awards
EIN: 46-3427042

Mission

THE PURPOSE SHALL BE TO EXPAND ACCESS TO HIGHER EDUCATION FOR STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND.
 2017201620152014
Basic features of the organization
Year of formation2013
Subsection code03
PF filing required0   
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$2,000.00$2,000.00$2,000.00$2,000.00
Sum of reportable (W2/1099) compensation$2,000.00$2,000.00$2,000.00$2,000.00
Number of employees2000
Number of people compensated >$100k0000
Number of highly compensated contractors0000
Personnel
Biwer, Cherlyn
Title SecretarySecretarySecretary
Name of key/compensated person CHERLYN BIWERCHERLYN BIWERCHERLYN BIWER
Position of compensated person
Current officer TrueTrueTrue
Average hours per week working for org 0.000.000.00
Reportable compensation from org $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00
Average hours per week working for related orgs 0.000.000.00
Enget, Karen
Title  DirectorDirector
Name of key/compensated person  KAREN ENGETKAREN ENGET
Position of compensated person
Average hours per week working for org  0.000.00
Reportable compensation from org  $0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00
Average hours per week working for related orgs  0.000.00
Evans, Gary
TitleDirector   
Name of key/compensated personGARY EVANS   
Position of compensated person
Average hours per week working for org0.00   
Reportable compensation from org$0.00   
Other comp, non-reportable, from org and related orgs$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00   
Average hours per week working for related orgs0.00   
Goettle, Becky
TitleTreasurerDirectorDirectorDirector
Name of key/compensated personBECKY GOETTLEBECKY GOETTLEBECKY GOETTLEBECKY GOETTLE
Position of compensated person
Current officerTrue   
Average hours per week working for org0.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00
Hanson, Denise
Title  DirectorDirector
Name of key/compensated person  DENISE HANSONDENISE HANSON
Position of compensated person
Average hours per week working for org  0.000.00
Reportable compensation from org  $0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00
Average hours per week working for related orgs  0.000.00
Holte, Tim
TitleSUPERINTENDENTSUPERINTENDENTSUPERINTENDENTSUPERINTENDENT
Name of key/compensated personTIM HOLTETIM HOLTETIM HOLTETIM HOLTE
Position of compensated person
Average hours per week working for org0.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00
Hynek, Blair
TitleDirectorPresidentPresidentPresident
Name of key/compensated personBLAIR HYNEKBLAIR HYNEKBLAIR HYNEKBLAIR HYNEK
Position of compensated person
Current officer TrueTrueTrue
Average hours per week working for org0.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00
Nesheim, Barb
TitleSecretaryDirector  
Name of key/compensated personBARB NESHEIMBARB NESHEIM  
Position of compensated person
Current officerTrue   
Average hours per week working for org0.000.00  
Reportable compensation from org$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
Average hours per week working for related orgs0.000.00  
Nichols, Ashley
TitleDirectorDirectorDirectorDirector
Name of key/compensated personASHLEY NICHOLSASHLEY NICHOLSASHLEY NICHOLSASHLEY NICHOLS
Position of compensated person
Average hours per week working for org0.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00
Nordloef, Kaylen
TitlePresidentTreasurerTreasurerTreasurer
Name of key/compensated personKAYLEN NORDLOEFKAYLEN NORDLOEFKAYLEN NORDLOEFKAYLEN NORDLOEF
Position of compensated person
Current officerTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.00
Reportable compensation from org$1,000.00$1,000.00$1,000.00$1,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00
Reese, Barbara
TitleDirectorTreasurerTreasurerTreasurer
Name of key/compensated personBARBARA REESEBARBARA REESEBARBARA REESEBARBARA REESE
Position of compensated person
Current officer TrueTrueTrue
Average hours per week working for org2.002.002.002.00
Reportable compensation from org$1,000.00$1,000.00$1,000.00$1,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00
Reynolds, Craig
TitleDirectorDirectorDirectorDirector
Name of key/compensated personCRAIG REYNOLDSCRAIG REYNOLDSCRAIG REYNOLDSCRAIG REYNOLDS
Position of compensated person
Average hours per week working for org0.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00
Skaar, Tanya
Title SCHOOL BD MEMBSCHOOL BD MEMBSCHOOL BD MEMB
Name of key/compensated person TANYA SKAARTANYA SKAARTANYA SKAAR
Position of compensated person
Average hours per week working for org 0.000.000.00
Reportable compensation from org $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00
Average hours per week working for related orgs 0.000.000.00
Smith, Jessica
TitleTreasurerDirector  
Name of key/compensated personJESSICA SMITHJESSICA SMITH  
Position of compensated person
Current officerTrue   
Average hours per week working for org0.000.00  
Reportable compensation from org$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00  
Average hours per week working for related orgs0.000.00  
Sorenson, Sarah
TitleDirector   
Name of key/compensated personSARAH SORENSON   
Position of compensated person
Average hours per week working for org0.00   
Reportable compensation from org$0.00   
Other comp, non-reportable, from org and related orgs$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00   
Average hours per week working for related orgs0.00   
Wilhelmi, Ryan
TitleVice PresidentVice PresidentVice PresidentVice President
Name of key/compensated personRYAN WILHELMIRYAN WILHELMIRYAN WILHELMIRYAN WILHELMI
Position of compensated person
Current officerTrueTrueTrueTrue
Average hours per week working for org0.000.000.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE PURPOSE SHALL BE TO EXPAND ACCESS TO HIGHER EDUCATION FOR STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND.THE PURPOSE SHALL BE TO EXPAND ACCESS TO HIGHER EDUCATION FOR STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND.THE PURPOSE SHALL BE TO EXPAND ACCESS TO HIGHER EDUCATION FOR STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND.THE PURPOSE SHALL BE TO EXPAND ACCESS TO HIGHER EDUCATION FOR STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND.
Program service expenses, total$50,350.00$49,925.00$34,125.00$33,400.00
Programs, including revenue & expenses
THE ORGANIZATION PAID OUT SCHOLARSHIPS TO STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND, AND ATTENDING HIGHER EDUCATION INSTITUTES.
Program expenses$50,350.00$49,925.00$34,125.00$33,400.00
Program descriptionTHE ORGANIZATION PAID OUT SCHOLARSHIPS TO STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND, AND ATTENDING HIGHER EDUCATION INSTITUTES.THE ORGANIZATION PAID OUT SCHOLARSHIPS TO STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND, AND ATTENDING HIGHER EDUCATION INSTITUTES.THE ORGANIZATION PAID OUT SCHOLARSHIPS TO STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND, AND ATTENDING HIGHER EDUCATION INSTITUTES.THE ORGANIZATION PAID OUT SCHOLARSHIPS TO STUDENTS GRADUATING FROM STANLEY HIGH SCHOOL, STANLEY, ND, AND ATTENDING HIGHER EDUCATION INSTITUTES.
Financial data
Revenue
Total revenue$179,640.00$197,595.00$73,591.00$50,687.00
Revenue from contributions (total)$124,750.00$126,699.00$12,400.00$11,200.00
Investment income, current yr$54,890.00$70,896.00$61,191.00$39,487.00
Total revenue from grants, etc., current yr$124,750.00$126,699.00$12,400.00$11,200.00
Total unrelated business revenue$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00
Program service revenue (total)$0.00$0.00$0.00$0.00
Gross receipts$179,640.00$197,595.00$73,591.00$50,687.00
Sources of contributions
Revenue from all other contributions$124,750.00$126,699.00$12,400.00$11,200.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$0.00$0.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$54,890.00$70,896.00$61,191.00$39,487.00
Net rental income$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$56,420.00$53,598.00$38,273.00$43,668.00
Total functional expenses: program service $50,350.00$49,925.00$34,125.00$33,400.00
Total functional expenses: management and general$6,070.00$3,673.00$4,148.00$10,268.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00
Legal fees (total)$0.00$0.00$0.00$685.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$1,624,436.00$1,482,116.00$1,337,894.00$1,286,201.00
Total assets, beginning of year$1,482,116.00$1,337,894.00$1,286,201.00$1,264,707.00
Total liabilities$221,783.00$202,683.00$202,458.00$186,083.00
Total liabilities, beginning of year$202,683.00$202,458.00$186,083.00$171,608.00
Pledges & accounts receivable, net$0.00$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00
Net assets$1,402,653.00$1,279,433.00$1,135,436.00$1,100,118.00
Net assets, beginning of year$1,279,433.00$1,135,436.00$1,100,118.00$1,093,099.00
Other liabilities$221,783.00$202,683.00$202,458.00$186,083.00
Intangible assets$0.00$0.00$0.00$0.00
Other assets$0.00$0.00$0.00$0.00
Investments: other securities$0.00$0.00$0.00$0.00
Investments: publicly traded securities$0.00$0.00$0.00$0.00
Cash: non-interest bearing$15,843.00$11,564.00$20,464.00$5,081.00
Cash: non-interest bearing, beginning of year$11,564.00$20,464.00$5,081.00$14,428.00
Investments -- program-related$1,608,593.00$1,470,552.00$1,317,430.00$1,281,120.00
Inventories for sale or use$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses$123,220.00$143,997.00$35,318.00$7,019.00
Advertising (total)$404.00$164.00$106.00$139.00
Savings & temp cash investment$0.00$0.00$0.00$0.00
Accounts receivable, net$0.00$0.00$0.00$0.00
Prepaid expenses & deferred charges$0.00$0.00$0.00$0.00
Total net assets or fund balances$1,402,653.00$1,279,433.00$1,135,436.00$1,100,118.00
Depreciation, depletion, amortization$0.00$0.00$0.00$0.00
Payment to affiliates$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members12121212
Number of independent voting members0000
Relationships among key personnelTrueTrueTrue 
Cash accountingTrueTrueTrueTrue
Tax year start date2016-10-012015-10-012014-10-012013-10-01
Tax year end date2017-09-012016-09-012015-09-012014-09-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990
Reason for form submission
First filing   True
Date e-filing submitted2018-01-172017-07-062016-03-232015-01-27
IRS schema version2016v3.02015v3.02014v6.02013v4.0
Filing identifier201703319349300405201700189349300210201640209349300429201510099349300766
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