2021-10-13T14:26:37-05:00 2020-12-31 390859910 BAKER TILLY US LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2020-01-01 042296967 SCHOLARSHIP AMERICA INC SCHO 9528307396 7900 INTERNATIONAL DR NO 500 MINNEAPOLIS MN 55425 RICHARD GREENE CFO 9528307396 2021-10-13 1 RICHARD GREENE XXX-XX-XXXX LAWRENCE H MOHR CPA P00447603 6128764500 2021-10-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROBERT BALLARD 7900 INTERNATIONAL DR NO 500 MINNEAPOLIS MN 55425 324701190 0 X WWW.SCHOLARSHIPAMERICA.ORG X 1961 MA BE THE LEADING AND MOST TRUSTED SCHOLARSHIP AND STUDENT SUPPORT ORGANIZATION. 21 21 253 10000 0 0 183567534 179336738 13702456 14504239 9183398 2675591 -178935 41940 206274453 196558508 183554364 182025774 0 0 12280315 13914118 0 0 1673135 5445982 5158481 201280661 201098373 4993792 -4539865 147610318 150354223 50821314 52678768 96789004 97675455 X SCHOLARSHIP AMERICA IS A NATIONAL EDUCATION SERVICE ORGANIZATION. OUR VISION IS TO CREATE AN AMERICA WHERE EVERY STUDENT'S EDUCATIONAL DREAM CAN COME TRUE. OUR MISSION IS TO BE THE MOST TRUSTED SCHOLARSHIP AND STUDENT SUCCESS ORGANIZATION OFFERING IMPACTFUL SOLUTIONS WITH STUDENTS ALWAYS AT THE FOREFRONT. SCHOLARSHIP AMERICA HAS DISTRIBUTED MORE THAN $4.5 BILLION IN SCHOLARSHIP ASSISTANCE TO MORE THAN 2.8 MILLION STUDENTS SINCE 1958. SCHOLARSHIP AMERICA'S PROGRAMS ADVANCE EQUITY AND PROVIDE STUDENTS WITH FINANCIAL, CULTURAL AND SOCIAL SUPPORTS ALONG THEIR ACADEMIC JOURNEY TO HELP THEM PERSIST AND ATTAIN SUCCESS. PROGRAMS INCLUDE DOLLARS FOR SCHOLARS, DREAMKEEPERS, THE DREAM AWARD SCHOLARSHIP PROGRAM, AND SCHOLARSHIP MANAGEMENT SERVICES. 0 0 191055660 182025774 14003489 SCHOLARSHIP AMERICA (PROGRAM MANAGEMENT) IS THE LEADING EDUCATION ASSISTANCE SERVICE PROVIDER IN THE COUNTRY, HELPING CORPORATIONS, FOUNDATIONS AND INDIVIDUALS DESIGN AND ADMINISTER SCHOLARSHIP AND RELATED EDUCATIONAL ASSISTANCE PROGRAMS. 763143 500750 DOLLARS FOR SCHOLARS (DFS) AND OTHER STUDENT PROGRAMS IS COMPRISED OF A NATIONAL NETWORK OF NEARLY 460 COMMUNITY-BASED, VOLUNTEER-DRIVEN DFS CHAPTER ORGANIZATIONS THAT PROVIDE EDUCATIONAL ASSISTANCE TO LOCAL COMMUNITIES, ALONG WITH OTHER PROGRAMMING SUCH AS EMERGENCY FINANCIAL ASSISTANCE GRANTS TO DRIVE PERSISTENCE IN POST-SECONDARY EDUCATION. 105389 OTHER PROGRAM SERVICES INCLUDE THE FAMILIES OF FREEDOM SCHOLARSHIP PROGRAM AND OTHER RELATED EDUCATION PROGRAM RESEARCH, POLICY AND COMMUNITY ENGAGEMENT ACTIVITIES. 191924192 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1969 0 1 253 1 0 1 CA 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DC FL GA HI IL IN IA KS KY ME MD MA MI MN MS MT NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X X RICHARD S GREENE CFO 9528307396 7900 INTERNATIONAL DR SUITE 500 MINNEAPOLIS MN 55425 TINA LEE CHAIR OF THE BOARD 5.00 X X 0 0 0 MICHAEL D RYAN PAST CHAIR OF THE BOARD 5.00 X X 0 0 0 J BARRY GRISWELL PAST CHAIR OF THE BOARD (PART YEAR) 5.00 X X 0 0 0 JOSEPH PALOMBO SECRETARY 5.00 X X 0 0 0 RICHARD J SCHWAB TREASURER, FINANCE & INV. COMMITTEE CHAIR 5.00 X X 0 0 0 TREASA G BOWERS TRUSTEE 3.00 X 0 0 0 JAMES DLUGOS TRUSTEE 3.00 X 0 0 0 ALAIN KARAOGLAN TRUSTEE 3.00 X 0 0 0 MARK L MADRID TRUSTEE 3.00 X 0 0 0 MICHAEL MANEY TRUSTEE 3.00 X 0 0 0 SANTIAGO MARQUEZ TRUSTEE 3.00 X 0 0 0 LISA MCGEOUGH TRUSTEE 3.00 X 0 0 0 HAZEL M MCNEILAGE TRUSTEE 3.00 X 0 0 0 DOUGLAS MELLO TRUSTEE 3.00 X 0 0 0 JAMES MORRIS TRUSTEE 3.00 X 0 0 0 M SALMAN RAVALA TRUSTEE 3.00 X 0 0 0 LUCINDA D ROBB TRUSTEE 3.00 X 0 0 0 MICHAEL RYDER TRUSTEE 5.00 X 0 0 0 JEFF SILVERMAN TRUSTEE 3.00 X 0 0 0 ROXANNE SPILLETT TRUSTEE 5.00 X 0 0 0 MARK P TURCHAN TRUSTEE 5.00 X 0 0 0 WILLIAM YOUNG TRUSTEE 5.00 X 0 0 0 ROBERT BALLARD PRESIDENT AND CEO 40.00 X 343223 0 43460 RICHARD GREENE CHIEF FINANCIAL OFFICER 40.00 X 230997 0 35021 STEPHANIE STOFFEL VP, IT 40.00 X 180230 0 19983 RHIANNA QUINN RODDY EXECUTIVE DIRECTOR, FOF 40.00 X 234339 0 40085 ANDREA SMITH VP, DEVELOPMENT 40.00 X 185837 0 16138 MICHAEL NYLUND VP, PRODUCT STRATEGY & PRTNR SOLUTIONS 40.00 X 182167 0 16393 BONNIE MELVILLE VP, OPERATIONS 40.00 X 181421 0 14678 AMY ROBINSON VP, MARKETING & BRAND STRATEGY 40.00 X 188406 0 6501 1726620 0 192259 9 0 1 0 TAYLOR DIGITAL 1725 ROE CREST DRIVE NORTH MANKATO MN 56003 SOFTWARE DEVELOPMENT 244800 CDW DIRECT PO BOX 75723 CHICAGO IL 606755723 TECHNOLOGY HARDWARE 234386 INTERNET CONNECTIONS INC PO BOX 205 MANKATO MN 56002 SOFTWARE DEVELOPMENT 222808 INQUISIC INC 6790 EMBARCADERO LN SUITE 100 CARLSBAD CA 92011 OPERATIONS PROFESSIONAL SERVICES 190098 OLIO LLC 404 WASHINGTON AVE N SUITE 209 MINNEAPOLIS MN 55401 MARKETING PROFESSIONAL SERVICES 180184 7 X 477134 178859604 30664 179336738 MANAGEMENT FEES 900099 14003489 14003489 DOLLARS FOR SCHOLARS/OTHER 900099 500750 500750 14504239 1688351 1688351 129044459 128057219 987240 987240 987240 0 477134 85463 -85463 -85463 OTHER INCOME 900099 127403 127403 127403 196558508 14504239 0 2717531 X 175436876 175436876 6588898 6588898 852914 852914 10601648 6161113 3174200 1266335 296184 172516 88210 35458 1378930 1032053 334400 12477 784442 467130 246978 70334 185427 185427 69094 69094 97914 97914 1768113 847666 873973 46474 240890 55472 182031 3387 478878 341733 94911 42234 270621 6819 263802 448776 162851 203959 81966 111794 46915 38850 26029 76237 49326 19517 7394 1079004 391624 654183 33197 190733 115472 53272 21989 MISCELLANEOUS 141000 47728 67411 25861 201098373 191924192 7501046 1673135 34686519 34940971 2921100 2394351 1980693 2353642 343071 486090 15228096 9881586 4375810 5346510 99238627 101848090 3066278 2190800 754979 551421 243241 242348 147610318 150354223 3335825 4334545 2847836 2708993 44637653 45635230 50821314 52678768 X 7573371 10369082 89215633 87306373 96789004 97675455 147610318 150354223 -4539865 5426316 0 X X 0 1 X 1 0 X 161224923 171944877 169977365 183567534 179336738 866051437 161224923 171944877 169977365 183567534 179336738 866051437 70447709 795603728 2439905 5239888 2649667 2046440 1688351 14064251 82625 116081 199719 97626 127403 623454 880739142 67828354 0.90330 0.91760 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20940667 53801 2189647 442218 99275 22642622 16927556 2089318 2623126 503887 195446 20940667 17934208 500250 -891694 520710 94498 16927556 15896845 808441 1927812 600492 98398 17934208 15501416 39013 982305 543709 82180 15896845 0.09740 0.65640 0.24620 0 0 312966 312966 5113216 4092382 1020834 496623 339748 156875 4975265 4487727 487538 4330026 961729 3368297 5346510 SCHOLARSHIPS PAYABLE 12817593 REFUNDABLE DEPOSITS 30588437 REFUNDABLE ADVANCE, PAYCHECK PROTECTION PROGRAM 2229200 45635230 X 147658663 5426316 85463 5511779 142146884 97914 54313710 54411624 196558508 146772212 85463 85463 146686749 97914 54313710 54411624 201098373 PART V, LINE 4: SCHOLARSHIPS: NEARLY ALL OF SCHOLARSHIP AMERICA'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIP PROGRAMS AS SPECIFIED BY THE DONORS. THE DONOR AGREEMENTS OUTLINE ANY SPECIAL AWARD CRITERIA CONCERNING GEOGRAPHIC LOCATION, SCHOOL, COURSE OF STUDY, ETC., AND WHETHER OR NOT THE PRINCIPAL MAY BE USED FOR AWARDS. DOLLARS FOR SCHOLARS: DONORS HAVE ALSO ESTABLISHED SMALL ENDOWMENTS WHICH SUPPORT OPERATIONAL EXPENSES OF THE DOLLARS FOR SCHOLARS PROGRAM. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT SCHOLARSHIP AMERICA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. SCHOLARSHIP AMERICA IS ALSO EXEMPT FROM STATE INCOME TAXES. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. SCHOLARSHIP AMERICA FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. UNDER THIS GUIDANCE, SCHOLARSHIP AMERICA MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF SCHOLARSHIP AMERICA AND VARIOUS TAX POSITIONS RELATED TO POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME. NO LIABILITY HAS BEEN RECOGNIZED BY SCHOLARSHIP AMERICA FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019. SCHOLARSHIP AMERICA'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 85,463. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS WITHOUT VARIANCE POWER 54,313,710. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 85,463. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS WITHOUT VARIANCE POWER 54,313,710. PART XI, LINE 2D AND PART XII, LINE 2D: FUNDRAISING EXPENSES INCLUDED IN NET REVENUE ON FORM 990 AND ON STATEMENT OF FUNCTIONAL EXPENSE IN THE AUDITED FINANCIAL STATEMENTS. PART XI, LINE 4B AND PART XII, LINE 4B: SCHOLARSHIP CONTRIBUTIONS AND AWARDS OVER WHICH SCHOLARSHIP AMERICA DOES NOT HAVE VARIANCE POWER. 1 CENTRAL AMERICA/CARIBBEAN 0 0 GRANTMAKING SCHOLARSHIP AWARD 110800 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING SCHOLARSHIP AWARD 809835 EUROPE 0 0 GRANTMAKING SCHOLARSHIP AWARD 1416694 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING SCHOLARSHIP AWARD 123400 NORTH AMERICA 0 0 GRANTMAKING SCHOLARSHIP AWARD 2900712 RUSSIA/INDEPENDENT STATES 0 0 GRANTMAKING SCHOLARSHIP AWARD 70950 SOUTH AMERICA 0 0 GRANTMAKING SCHOLARSHIP AWARD 537571 SOUTH ASIA 0 0 GRANTMAKING SCHOLARSHIP AWARD 547886 SUB-SAHARAN AFRICA 0 0 GRANTMAKING SCHOLARSHIP AWARD 71050 CENTRAL AMERICA/CARIBBEAN 0 0 INVESTMENT 2190828 0 0 0 0 0 0 6517848 2261878 8779726 CENTRAL AMERICA/CARRIBEAN SCHOLARSHIPS 7500 CHECK OR ET EAST ASIA/PACIFIC SCHOLARSHIPS 5000 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 13000 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 19250 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 6240 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 16670 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 5000 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 31820 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 9000 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 5670 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 16500 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 10000 CHECK OR ET EUROPE/ICELAND/GREENLAND SCHOLARSHIPS 10000 CHECK OR ET MIDDLE EAST/NORTH AFRICA SCHOLARSHIPS 7500 CHECK OR ET SOUTH ASIA SCHOLARSHIPS 15000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 44294 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 59750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 11500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 12500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 30600 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 54050 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 24750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 40500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8190 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 19250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 9750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 12277 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7600 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 44000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 147541 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 28500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 23000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 12875 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 73025 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 57050 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7937 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 24850 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 22003 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 11250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 29500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 12768 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 42500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 53895 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 23000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 51061 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8917 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 96750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 14000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 68225 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 16500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 17750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 59625 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 16800 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 106047 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 15000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10188 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 13500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 25000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 9900 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 246291 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 86320 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10120 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 9308 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 94922 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 74975 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 9400 CHECK OR ET 90 0 SCHOLARSHIPS CENT. AMERICA/CARIBBEAN 22 93800 CHECK OR ET SCHOLARSHIPS EAST ASIA/PACIFIC 264 765785 CHECK OR ET SCHOLARSHIPS EUROPE/ICELAND/GREENLAND 403 1223044 CHECK OR ET SCHOLARSHIPS MIDDLE EAST/NORTH AFRICA 31 109150 CHECK OR ET SCHOLARSHIPS NORTH AMERICA 234 599824 CHECK OR ET SCHOLARSHIPS RUSSIA/NEWLY IND. STATES 19 70950 CHECK OR ET SCHOLARSHIPS SOUTH AMERICA 171 537571 CHECK OR ET SCHOLARSHIPS SOUTH ASIA 145 530086 CHECK OR ET SCHOLARSHIPS SUB-SAHARAN AFRICA 28 71050 CHECK OR ET 1 0 0 1 0 0 PART I, LINE 2: GRANTS OUTSIDE THE UNITED STATES ARE COMPETITIVELY AWARDED USING THE PROCESS DESCRIBED IN SCHEDULE I, PART I, LINE 2 (GRANTS IN THE UNITED STATES). IN ADDITION, FOR EACH STUDENT SCHOLARSHIP AMERICA OBTAINS A VERIFICATION OF ENROLLMENT. BEFORE PAYMENT, THE NAMES OF BENEFICIARIES ARE COMPARED TO THE TREASURY DEPARTMENT, OFFICE OF FOREIGN ASSETS CONTROL, SPECIALLY DESIGNATED NATIONALS LIST TO MAKE SURE THEY ARE NOT ON THAT LIST. PART I, LINE 3: ACCRUAL METHOD PART III ACCOUNTING METHOD: PART II, LINE 2: PAYMENTS TO ORGANIZATIONS OUTSIDE THE UNITED STATES ARE PRIMARILY TO COLLEGES AND UNIVERSITIES. THESE PAYMENTS ULTIMATELY REPRESENT GRANTS TO INDIVIDUAL STUDENTS AWARDED AT THE DISCRETION OF SCHOLARSHIP AMERICA. WHILE SCHOLARSHIP AMERICA KNOWS THE ORGANIZATIONS RECEIVING PAYMENT ARE NOT ON THE OFAC'S SDN LIST, WE ARE UNCERTAIN CONCERNING THE ORGANIZATIONS' CHARITY AND TAX EXEMPT STATUS. BASED ON ALL PUBLIC INFORMATION AVAILABLE, ALL ORGANIZATIONS RECEIVING GRANT PAYMENTS FROM SCHOLARSHIP AMERICA APPEAR TO BE INSTITUTES OF HIGHER EDUCATION CONSISTENT WITH SCHOLARSHIP AMERICA'S EXEMPT PURPOSE. NATL DREAMS TO SUCCESS DINNER 2020 477134 477134 85463 477134 477134 85463 85463 -85463 1 SCHOLARSHIPS 87805 175436876 PART I, LINE 2: SCHOLARSHIP AMERICA WAS FORMED TO ENCOURAGE CITIZEN SUPPORT OF HIGHER EDUCATION INCLUDING THE ADMINISTRATION OF SCHOLARSHIP PROGRAMS ON BEHALF OF PARTICIPATING CORPORATIONS, FOUNDATIONS, AND INDIVIDUALS. SCHOLARSHIP AMERICA'S GRANTS TO INDIVIDUALS FOR STUDY PURPOSES ARE MADE IN COMPLIANCE WITH PROCEDURES SET FORTH IN THE SCHOLARSHIP AMERICA AWARDS KIT ON FILE WITH THE IRS. IN ADMINISTERING A SCHOLARSHIP PROGRAM SCHOLARSHIP AMERICA IS AVAILABLE TO PERFORM THE FOLLOWING IN DETERMINING THE RECIPIENTS: 1. PREPARE AND FURNISH APPLICATION FORMS (ELECTRONIC AND PAPER); 2. RECEIVE ALL APPLICATION MATERIALS DIRECTLY; 3. PROCESS AND EVALUATE ALL APPLICATIONS; 4. DETERMINE THE RECIPIENTS AND AMOUNTS TO BE AWARDED; 5. NOTIFY THE RECIPIENTS OF THEIR AWARD; 6. CONFIRM THE APPROPRIATE EMPLOYMENT RELATIONSHIP OR PROGRAM ELIGIBILITIES ARE MET; 7. CONFIRM ENROLLMENT IN A QUALIFIED EDUCATIONAL INSTITUTION; 8. MAKE PAYMENT OF THE AWARD; 9. SUPERVISE AND INVESTIGATE THE USE OF THE FUNDS BY THE RECIPIENTS IN THEIR EDUCATIONAL PROGRAMS. RECIPIENTS ARE DETERMINED BY SCHOLARSHIP AMERICA UTILIZING SELECTION CRITERIA BASED ON A DETAILED ANALYSIS OF THE FOLLOWING CANDIDATE INFORMATION: 1. SCHOLASTIC APTITUDE AS MEASURED BY PERFORMANCE ON A RECOGNIZED SCHOLASTIC APTITUDE TEST; 2. SCHOLASTIC PERFORMANCE MEASURED BY RANK IN CLASS OR GRADE POINT AVERAGE; 3. ADULT INDEPENDENT APPRAISAL; 4. WORK EXPERIENCE, INTEREST, ACTIVITIES, AND LEADERSHIP CONTRIBUTIONS; 5. FINANCIAL NEED MAY ALSO BE TAKEN INTO CONSIDERATION. X X X X X 0 0 0 0 0 0 0 0 0 ROBERT BALLARD PRESIDENT AND CEO 343223 0 0 0 0 0 9510 0 33950 0 386683 0 0 0 RHIANNA QUINN RODDY EXECUTIVE DIRECTOR, FOF 234339 0 0 0 0 0 7204 0 32881 0 274424 0 0 0 RICHARD GREENE CHIEF FINANCIAL OFFICER 225997 0 0 0 5000 0 6819 0 28202 0 266018 0 0 0 ANDREA SMITH VP, DEVELOPMENT 185837 0 0 0 0 0 5616 0 10522 0 201975 0 0 0 STEPHANIE STOFFEL VP, IT 180230 0 0 0 0 0 5467 0 14516 0 200213 0 0 0 MICHAEL NYLUND VP, PRODUCT STRATEGY & PRTNR SOLUTIO 182167 0 0 0 0 0 5186 0 11207 0 198560 0 0 0 BONNIE MELVILLE VP, OPERATIONS 181421 0 0 0 0 0 5186 0 9492 0 196099 0 0 0 AMY ROBINSON VP, MARKETING & BRAND STRATEGY 185306 0 0 0 3100 0 5025 0 1476 0 194907 0 0 0 X 5 30664 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN PART I, COLUMN (B). PART I, LINE 1: BE THE LEADING AND MOST TRUSTED SCHOLARSHIP AND STUDENT SUPPORT ORGANIZATION OFFERING IMPACTFUL SOLUTIONS WITH STUDENTS ALWAYS AT THE FOREFRONT. FORM 990, PART VI, SECTION A, LINE 7A SCHOLARSHIP AMERICA HAS AN ADVISORY GROUP CALLED THE HONOR ROLL TRUSTEES (HRT'S). THE HRT GROUP IS COMPRISED OF FORMER BOARD MEMBERS WHO HAVE BEEN OFF THE BOARD FOR AT LEAST ONE YEAR AND WERE SUBSEQUENTLY ELECTED BY THE BOARD TO JOIN THIS ADVISORY GROUP. THE HRT GROUP ELECTS ONE OF ITS MEMBERS TO SERVE A TWO YEAR TERM ON THE BOARD. THE GROUP ALSO SERVES AN ADVISORY ROLE FOR THE PRESIDENT AND STAFF OF SCHOLARSHIP AMERICA. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE MEETS, REVIEWS, AND APPROVES A DRAFT OF THE FORM 990. THE RESULTS OF THEIR REVIEW ARE THEN SHARED FOR FULL BOARD APPROVAL BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL BOARD MEMBERS AND EMPLOYEES SIGN THE CONFLICT OF INTEREST DISCLOSURE FORM. CONTRACTS, RELATIONSHIPS AND TRANSACTIONS WHERE A POTENTIAL CONFLICT OF INTEREST EXISTS MAY BE AUTHORIZED IF THE FOLLOWING STANDARDS ARE ADHERED TO: A) ONLY INDIVIDUALS WHO DO NOT HAVE A POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO THE PROPOSED CONTRACT, RELATIONSHIP, OR TRANSACTION ARE AUTHORIZED TO APPROVE SUCH CONTRACT, RELATIONSHIP, OR TRANSACTION; B) THE COVERED PERSON WHO HAS THE POTENTIAL CONFLICT OF INTEREST SHALL NEITHER VOTE ON, NOR USE PERSONAL INFLUENCE WITH RESPECT TO, NOR PARTICIPATE IN (OTHER THAN TO PRESENT FACTUAL INFORMATION OR RESPOND TO QUESTIONS), THE DISCUSSIONS OR DELIBERATIONS RELATING TO SUCH CONTRACT, RELATIONSHIP, OR TRANSACTION AND, WHERE APPROVAL BY THE GOVERNANCE COMMITTEE IS REQUIRED, SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM; C) THE MATERIAL FACTS RELATING TO THE CONTRACT, RELATIONSHIP, OR TRANSACTION SHALL BE FULLY DISCLOSED TO THE GOVERNANCE COMMITTEE OR THE PRESIDENT/CEO, AS APPROPRIATE, AND THE GOVERNANCE COMMITTEE OR THE PRESIDENT SHALL OBTAIN AND RELY UPON APPROPRIATE DATA AS TO THE COMPARABILITY OF THE CONTRACT, RELATIONSHIP, OR TRANSACTION WITH APPROPRIATE EXTERNAL STANDARDS FOR CONTRACTS, TRANSACTIONS, OR RELATIONSHIPS INVOLVING FAIR MARKET VALUE AND ARM'S LENGTH BARGAINING; AND D) THE GOVERNANCE COMMITTEE OR THE PRESIDENT/CEO, AS APPROPRIATE, CONCURRENTLY WITH THE APPROVAL OF THE CONTRACT, RELATIONSHIP, OR TRANSACTION SHALL DOCUMENT THE BASIS FOR THE DETERMINATION REACHED BY NOTING: 1. THE TERMS OF THE CONTRACT, RELATIONSHIP, OR TRANSACTION AND THE DATE OF APPROVAL; 2. THE INDIVIDUALS PRESENT DURING DISCUSSION AND THOSE WHO VOTED; 3. COMPARABILITY DATA OBTAINED AND RELIED UPON; 4. ACTIONS TAKEN BY ANY COVERED PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO THE CONTRACT, RELATIONSHIP, OR TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES WHO OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION OF THE PRESIDENT/CEO, OTHER OFFICERS, AND HIGHLY-COMPENSATED EMPLOYEES BASED ON A REVIEW OF APPROPRIATE COMPARABILITY DATA THAT DOCUMENTS COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. TO APPROVE THE COMPENSATION FOR THE PRESIDENT/CEO, OTHER OFFICERS, AND OTHER HIGHLY-COMPENSATED EMPLOYEES, THE BOARD MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN MINUTES OF THE MEETING DURING WHICH THE COMPENSATION WAS APPROVED. DOCUMENTATION WILL INCLUDE: A) A DESCRIPTION OF THE COMPENSATION AND BENEFITS AND THE DATE IT WAS APPROVED; B) THE MEMBERS OF THE BOARD WHO WERE PRESENT DURING THE DISCUSSION ABOUT COMPENSATION AND BENEFITS, AND THE RESULTS OF THE VOTE; C) A DESCRIPTION OF THE COMPARABILITY DATA RELIED UPON AND HOW THE DATA WAS OBTAINED; AND D) ANY ACTIONS TAKEN (SUCH AS ABSTAINING FROM DISCUSSION AND VOTE) WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE BOARD BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION ON THE COMPENSATION AND BENEFITS. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2020 FOR THE PRESIDENT/CEO, CFO, AND HIGHEST COMPENSATED EMPLOYEES FOR COMPENSATION PACKAGES FOR 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT, ANNUAL AUDIT REPORT, AND FORM 990 ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. THE ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS NOT CURRENTLY AVAILABLE TO THE PUBLIC. PART VIII: STATEMENT OF REVENUE, LINE 1F: CONTRIBUTIONS RECEIVED AND SCHOLARSHIPS AWARDED INCLUDE AMOUNTS THAT SCHOLARSHIP AMERICA DOES NOT HAVE FINAL VARIANCE POWER OVER. THIS REPORTING IS CONSISTENT WITH PRIOR YEAR REPORTING. PART IX: STATEMENT OF FUNCTIONAL EXPENSES, LINE 2: CONTRIBUTIONS RECEIVED AND SCHOLARSHIPS AWARDED INCLUDE AMOUNTS THAT SCHOLARSHIP AMERICA DOES NOT HAVE FINAL VARIANCE POWER OVER. THIS REPORTING IS CONSISTENT WITH PRIOR YEAR REPORTING. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS FOR THE AUDIT OR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR.