| Identifier | Return Reference | Explanation |
|---|---|---|
| STATEMENT REGARDING GRANTS. | PART VII-B STATEMENTS REGARDING ACTIVITIES FOR WHICH FORM 4720 MAY BE REQUIR | LINE 5A(3) STATEMENT REGARDING GRANTSTHE TAILORED BRANDS FAMILY EDUCATIONAL FOUNDATION'S SCHOLARSHIP PROGRAM HAS BEEN ESTABLISHED TO PROVIDE AN EDUCATIONAL OPPORTUNITY FOR CHILDREN OF CURRENT OR FORMER EMPLOYEES OF THE MEN'S WEARHOUSE, INC., OR ANY OF ITS SELECTED AFFILIATES UNDER SECTION 414 OF THE INTERNAL REVENUE CODE (COLLECTIVELY, "MEN'S WEARHOUSE"), TO HELP THEM ACHIEVE THEIR EDUCATIONAL GOALS.THE SCHOLARSHIP PROGRAM PROVIDES UP TO $2,500 PER YEAR IN SCHOLARSHIP FUNDS FOR SCHOLARSHIP WINNERS AND IS RENEWABLE FOR ONE ADDITIONAL YEAR PROVIDED THAT THE STUDENT IS CONTINUOUSLY ENROLLED AS A FULL-TIME STUDENT AND ACHIEVES SATISFACTORY PROGRESS.THE SELECTION COMMITTEE IS COMPOSED OF INDIVIDUALS WHO ARE INVOLVED WITH EDUCATION ON A DAILY BASIS BUT ARE IN NO WAY AFFILIATED WITH MEN'S WEARHOUSE. SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE SELECTION COMMITTEE BASED ON A VARIETY OF CRITERIA INCLUDING BUT NOT LIMITED TO: (1) PRIOR ACADEMIC PERFORMANCE; (2) PARTICIPATION IN NON-ACADEMIC ACTIVITIES WHICH DEMONSTRATE LEADERSHIP OR OTHER SPECIAL SKILLS; (3) RECOMMENDATIONS FROM INSTRUCTORS OR OTHER INDIVIDUALS WHO ARE NOT RELATIVES OF THE APPLICANT; (4) PERFORMANCE ON TESTS DESIGNED TO MEASURE ABILITY AND APTITUDE FOR HIGHER EDUCATION; AND (5) FINANCIAL NEED.THE FOUNDATION'S EMPLOYER RELATED GRANT PROGRAM SATISFIES REV POC 76-47 AND MEETS THE 7 SPECIFIC FACTS AND CIRCUMSTANCES, INCLUDING THE FOLLOWING:1. THE EMPLOYER AND FOUNDATION DOES NOT USE THE PROGRAM TO RECRUIT EMPLOYEES OR TO INDUCE EMPLOYEES TO CONTINUE EMPLOYMENT.2. THE COMMITTEE IS MADE UP OF INDEPENDENT INDIVIDUALS. THE COMMITTEE MUST HAVE THE EXCLUSIVE RIGHT TO VARY THE AMOUNT OF THE SCHOLARSHIPS AWARDED, AND AWARDS MUST BE MADE IN THE ORDER RECOMMENDED BY THE COMMITTEE. THE FOUNDATION MAY REDUCE BUT NOT INCREASE THE NUMBER OF SCHOLARSHIPS TO BE AWARDED. ONLY THE FOUNDATION OR THE COMMITTEE MAY PUBLICLY ANNOUNCE THE AWARDS.3. INDIVIDUALS ELIGIBLE FOR SCHOLARSHIPS MUST MEET THE MINIMUM ADMISSIONS STANDARDS OF AN EDUCATIONAL INSTITUTION (AS DEFINED IN 170(B)(1)(A)(II)), MUST REASONABLY BE EXPECTED TO ATTEND AN EDUCATIONAL INSTITUTION.4 SELECTION MUST BE BASED SOLELY ON OBJECTIVE STANDARDS COMPLETELY UNRELATED TO THE EMPLOYMENT OF THE RECIPIENTS OR THEIR PARENTS OR TO THE EMPLOYER'S LINE OF BUSINESS. 5. ONCE AWARDED, A SCHOLARSHIP MAY NOT BE TERMINATED BECAUSE THE RECIPIENT OR THE RECIPIENT'S PARENT TERMINATES EMPLOYMENT. IF A SCHOLARSHIP IS AWARDED FOR ONE OR MORE ACADEMIC YEARS, RENEWAL MUST BE BASED SOLELY ON NON-EMPLOYMENT CRITERIA.6. THE RECIPIENTS ARE FREE TO CHOOSE ANY COURSE OF STUDY.7. THE SCHOLARSHIP PROGRAM MUST BE CONSISTENT WITH THE DISINTERESTED PURPOSE OF ENABLING INDIVIDUALS TO OBTAIN AN EDUCATION SOLELY FOR THEIR PERSONAL BENEFIT, AS REQUIRED BY 117 AND THE REGULATIONS THEREUNDER. FINALLY, THE PROGRAM SATISFIES THE 25% PERCENTAGE TEST, WHICH IS TWENTY-FIVE PERCENT OF THE NUMBER OF EMPLOYEES' CHILDREN WHO WERE ELIGIBLE, APPLIED FOR SCHOLARSHIPS AND WERE CONSIDERED BY THE SELECTION COMMITTEE IN SELECTING THE SCHOLARSHIP RECIPIENTS FOR THAT YEAR. |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK FEES | 155 | 0 | 0 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENTS | 2,500 |