Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2017
Open to Public Inspection
Name of the organization
ADIRONDACK SCHOLARSHIP FOUNDATION
 
Employer identification number

22-2303625
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2017
Page 2
Schedule L (Form 990 or 990-EZ) 2017
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) CAMP POKO-MACCREADY
 
SEE BELOW 11,000 PAYROLL REIMBURSED   No
(2) CAMP POKO-MACCREADY
 
SEE BELOW 64,750 CAMPING FEES PD   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
SCHEDULE L, PART V AN W-2 EMPLOYEE OF CAMP POKO-MACCREADY PERFORMS FUNDRAISING AND DONATION MONITORING FOR ADIRONDACK SCHOLARSHIP FOUNDATION. THE FOUNDATION PAYS CAMP POKO 11,000 A YEAR FOR THAT SERVICE AS A PAYROLL REIMBURSEMENT. THE FOUNDATION PAYS FOR CAMPING FEES FOR CHILDREN AS ITS SCHOLARSHIP AWARDS. THE ADIRONDACK BASED CAMP HAS BEEN IN OPERATION SINCE 1905. NO CAMP AWARDS EVER GO TO ANY RELATED PARTY AT ALL. ONE OF THE OWNERS OF CAMP POKO-MACCREADY WAS ON THE BOARD OF THE FOUNDATION, BUT HAS NOT BEEN SINCE 2014. ONE OF THE CURRENT BOARD MEMBERS IS A SISTER OF A PART OWNER OF CAMP POKO-MACCREADY.
Schedule L (Form 990 or 990-EZ) 2017


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