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RECIPIENTS MUST COMPLY WITH THE BOARD-APPROVED POLICY REGARDING SCHOLARSHIP RENEWAL AND RETENTION TO RECEIVE EACH DISBURSEMENT. THIS POLICY REQUIRES RECIPIENTS TO EARN A MINIMUM NUMBER OF ACADEMIC CREDITS PER YEAR, MEET MINIMUM GPA STANDARDS, AND PROVIDE REQUIRED PAPERWORK (SCHEDULE, TRANSCRIPTS, FINANCIAL AID LETTER) BY SPECIFIED DEADLINES. THE EXECUTIVE DIRECTOR, UNDER THE SUPERVISION OF THE SCHOLARSHIP COMMITTEE, MONITORS RECIPIENT COMPLIANCE WITH THESE POLICY REQUIREMENTS. FORM 990, PAGE 6, PART VI, LINE 2 SAMUEL A. BLOCK KATHRYN B. FAIRES HONORARY DIR DIRECTOR FATHER AND DAUGHTER FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER AND OTHER KEY DIRECTORS REVIEW THE FORM 990 IN DETAIL. THEN THE FORM 990 AND THE AUDITED FINANCIAL STAETMENTS ARE GIVEN TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO THE FORM 990 BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C AT THE SEPTEMBER BOARD MEETING, ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM INDICATING WHETHER THEY HAVE ANY CONFLICT OF INTERESTS, AND IF YES, WHAT THOSE CONFLICTS ARE. FORM 990, PAGE 6, PART VI, LINE 15A ANNUALLY, USUALLY IN OCTOBER/NOVEMBER, THE PRESIDENT OF THE ORGANIZATION PREPARES A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR WITH INPUT OF SEVERAL KEY BOARD MEMBERS, WHO WORK CLOSELY WITH THE EXECUTIVE DIRECTOR THROUGHOUT THE YEAR. ONCE THE REVIEW IS COMPLETE, THE BUDGET AND FINANCE COMMITTEE, WITH THE RECOMMENDATION OF THE PRESIDENT AND INFORMATION PROVIDED IN THE PERFORMANCE REVIEW FORM, DISCUSS AND APPROVE A MERIT INCREASE, IF WARRANTED, WHICH IS THEN FACTORED INTO THE OVERALL OPERATING BUDGET FOR THE FOLLOWING YEAR. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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</IRS990ScheduleG>
<IRS990ScheduleI documentId="RetDoc6">
<GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
<GrantsOtherAsstToIndivInUSGrp>
<GrantTypeTxt>SCHOLARSHIPS</GrantTypeTxt>
<RecipientCnt>149</RecipientCnt>
<CashGrantAmt>566621</CashGrantAmt>
</GrantsOtherAsstToIndivInUSGrp>
<SupplementalInformationDetail>
<FormAndLineReferenceDesc>SCHEDULE I, PAGE 1, PART I, LINE 2</FormAndLineReferenceDesc>
<ExplanationTxt>THE ORGANIZATION PROVIDES MULTI-YEAR AWARDS THAT ARE DISBURSED TWICE-YEARLY. RECIPIENTS MUST COMPLY WITH THE BOARD-APPROVED POLICY REGARDING SCHOLARSHIP RENEWAL AND RETENTION TO RECEIVE EACH DISBURSEMENT. THIS POLICY REQUIRES RECIPIENTS TO EARN A MINIMUM NUMBER OF ACADEMIC CREDITS PER YEAR, MEET MINIMUM GPA STANDARDS, AND PROVIDE REQUIRED PAPERWORK (SCHEDULE, TRANSCRIPTS, FINANCIAL AID LETTER) BY SPECIFIED DEADLINES. THE EXECUTIVE DIRECTOR, UNDER THE SUPERVISION OF THE SCHOLARSHIP COMMITTEE, MONITORS RECIPIENT COMPLIANCE WITH THESE POLICY REQUIREMENTS.</ExplanationTxt>
</SupplementalInformationDetail>
</IRS990ScheduleI>
<IRS990ScheduleO documentId="RetDoc7">
<SupplementalInformationDetail>
<FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 2</FormAndLineReferenceDesc>
<ExplanationTxt>SAMUEL A. BLOCK KATHRYN B. FAIRES HONORARY DIR DIRECTOR FATHER AND DAUGHTER</ExplanationTxt>
</SupplementalInformationDetail>
<SupplementalInformationDetail>
<FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
<ExplanationTxt>THE TREASURER AND OTHER KEY DIRECTORS REVIEW THE FORM 990 IN DETAIL. THEN THE FORM 990 AND THE AUDITED FINANCIAL STAETMENTS ARE GIVEN TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO THE FORM 990 BEING FILED.</ExplanationTxt>
</SupplementalInformationDetail>
<SupplementalInformationDetail>
<FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
<ExplanationTxt>AT THE SEPTEMBER BOARD MEETING, ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM INDICATING WHETHER THEY HAVE ANY CONFLICT OF INTERESTS, AND IF YES, WHAT THOSE CONFLICTS ARE.</ExplanationTxt>
</SupplementalInformationDetail>
<SupplementalInformationDetail>
<FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
<ExplanationTxt>ANNUALLY, USUALLY IN OCTOBER/NOVEMBER, THE PRESIDENT OF THE ORGANIZATION PREPARES A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR WITH INPUT OF SEVERAL KEY BOARD MEMBERS, WHO WORK CLOSELY WITH THE EXECUTIVE DIRECTOR THROUGHOUT THE YEAR. ONCE THE REVIEW IS COMPLETE, THE BUDGET AND FINANCE COMMITTEE, WITH THE RECOMMENDATION OF THE PRESIDENT AND INFORMATION PROVIDED IN THE PERFORMANCE REVIEW FORM, DISCUSS AND APPROVE A MERIT INCREASE, IF WARRANTED, WHICH IS THEN FACTORED INTO THE OVERALL OPERATING BUDGET FOR THE FOLLOWING YEAR.</ExplanationTxt>
</SupplementalInformationDetail>
<SupplementalInformationDetail>
<FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
<ExplanationTxt>GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
</SupplementalInformationDetail>
</IRS990ScheduleO>
</ReturnData>
</Return>