SCHOLARSHIP AMERICA INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SCHOLARSHIP AMERICA INC (EIN 04-2296967)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-08-27
- IRS object ID
- 202532399349300108
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-08-27T08:37:18-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 S 6TH ST 2300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042296967 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHOLARSHIP AMERICA INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SCHO | BusinessNameControlTxt |
| Phone | 9528307396 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7900 INTERNATIONAL DR 500 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55425 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD GREENE | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 9528307396 | PhoneNum |
| Signature | 2025-08-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KAREN A GRIES | PreparerPersonNm |
| PTIN | P00078514 | PTIN |
| Phone | 6128764500 | PhoneNum |
| Preparation | 2025-08-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL NYLUND | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7900 INTERNATIONAL DR 500 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55425 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $441,677,715 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SCHOLARSHIPAMERICA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1961 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | ELIMINATE BARRIERS TO EDUCATIONAL SUCCESS SO THAT ANY STUDENT CAN PURSUE THEIR DREAM. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 236 | TotalEmployeeCnt |
| Total Volunteers | 9500 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $220,181,709 | PYContributionsGrantsAmt |
| CY Contributions Grants | $236,962,745 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $14,952,460 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,480,096 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,225,452 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,440,379 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$88,281 | PYOtherRevenueAmt |
| CY Other Revenue | -$22,974 | CYOtherRevenueAmt |
| PY Total Revenue | $240,271,340 | PYTotalRevenueAmt |
| CY Total Revenue | $259,860,246 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $215,549,959 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $220,776,739 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $13,563,309 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $14,674,148 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,106,295 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,627,693 | PYOtherExpensesAmt |
| CY Other Expenses | $7,854,536 | CYOtherExpensesAmt |
| PY Total Expenses | $234,740,961 | PYTotalExpensesAmt |
| CY Total Expenses | $243,305,423 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,530,379 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $16,554,823 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $172,303,174 | TotalAssetsBOYAmt |
| Total Assets EOY | $194,413,585 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $57,025,596 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $60,114,471 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $115,277,578 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $134,299,114 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE OSCHOLARSHIP AMERICA IS A NATIONAL EDUCATION SERVICE ORGANIZATION. . WE'RE COMMITTED TO CREATING A WORLD WHERE EVERY STUDENT CAN ACCESS THE RESOURCES THEY NEED TO LEARN, GROW, AND SUCCEED. OUR EXPERT APPROACH AND FOCUS ON STUDENTS FACING FINANCIAL CHALLENGES HELP BREAK DOWN BARRIERS AND OPEN DOORS TO EDUCATION. SCHOLARSHIP AMERICA HAS DISTRIBUTED MORE THAN $5.7 BILLION IN SCHOLARSHIP ASSISTANCE TO MORE THAN 3.2 MILLION STUDENTS SINCE 1958. PROGRAMS INCLUDE DOLLARS FOR SCHOLARS, EMERGENCY AID, THE DREAM AWARD SCHOLARSHIP PROGRAM, AND SCHOLARSHIP MANAGEMENT SERVICES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $229,439,352 | ExpenseAmt |
| Grant | $220,776,739 | GrantAmt |
| Revenue | $15,169,696 | RevenueAmt |
| Desc | SCHOLARSHIP AMERICA (PROGRAM MANAGEMENT) IS THE LEADING PRIVATE EDUCATION ASSISTANCE SERVICE PROVIDER IN THE COUNTRY, HELPING CORPORATIONS, FOUNDATIONS AND INDIVIDUALS DESIGN AND ADMINISTER SCHOLARSHIP AND RELATED EDUCATIONAL ASSISTANCE PROGRAMS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $365,757 | ExpenseAmt |
| Revenue | $310,400 | RevenueAmt |
| Desc | DOLLARS FOR SCHOLARS IS A NATIONAL NETWORK OF 434 COMMUNITY-BASED, VOLUNTEER-DRIVEN AFFILIATED ORGANIZATIONS THAT RAISE FUNDS AND PROVIDE SCHOLARSHIPS AND EDUCATIONAL SUPPORT TO LOCAL STUDENTS IN COMMUNITIES ACROSS THE COUNTRY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $229,805,109 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3788 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 236 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CA | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ND | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TX | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD S GREENE CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9528307396 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7900 INTERNATIONAL DR SUITE 500 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55425 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MICHAEL MANEY | |||||||
| CHAIR OF THE BOARD OF TRUSTEES | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TREASA BOWERS SECRETARY | |||||||
| COMPENSATION COMMITTEE CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| MUNEERA CARR | |||||||
| AUDIT COMMITTEE CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| HAZEL MCNEILAGE | |||||||
| TREASURER, FINANCE & INVESTMENT COMMITTEE CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JIM DLUGOS | |||||||
| GOVERNANCE COMMITTEE CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| SALMAN RAVALA | |||||||
| GROWTH COMMITTEE CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| BARBARA MCBEE | |||||||
| HRT CHAIR PRO TEM | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| TINA LEE | |||||||
| PAST CHAIR | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ALAIN KARAOGLAN | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| ANGEL PEREZ | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| AUTUMN MANNING | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| BILL YOUNG | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL LEE | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| DICK SCHWAB | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| JOE PALOMBO | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| LUCINDA ROBB | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| SAMATA NARRA | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| SANTIAGO MARQUEZ | |||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL NYLUND | |||||||
| PRESIDENT AND CEO | 40.00 | Yes (X) | $330,541 | $0 | $33,895 | ||
| RICHARD GREENE | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $262,417 | $0 | $47,856 | ||
| ABIGAIL SELDIN | |||||||
| CHIEF GROWTH OFFICER | 40.00 | $245,632 | $0 | $11,686 | Yes (X) | ||
| JENNIFER MENKE | |||||||
| VICE PRESIDENT, HUMAN RESOURCES | 40.00 | $207,879 | $0 | $30,561 | Yes (X) | ||
| KIMBERLY HANSON | |||||||
| VICE PRESIDENT, PARTNER SOLUTIONS | 40.00 | $196,552 | $0 | $27,454 | Yes (X) | ||
| JONELL SANCHEZ | |||||||
| CHIEF PRODUCT AND TECHNOLOGY OFFICER | 40.00 | $191,348 | $0 | $7,548 | Yes (X) | ||
| NICHOLAS LEONARD MASON | |||||||
| GENERAL COUNSEL | 40.00 | $149,569 | $0 | $28,064 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,583,938 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $187,064 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| 3CLOUD LLC | |||||
| 3025 HIGHLAND PARKWAY SUITE 525 | DOWNERS GROVE | IL | 60515 | TECHNOLOGY CONSULTANT | $783,841 |
| CDW DIRECT LLC | |||||
| PO BOX 75723 | CHICAGO | IL | 60675 | TECHNOLOGY HARDWARE | $371,257 |
| BEAM INC | |||||
| 44 COURT ST 1217-1061 | BROOKLYN | NY | 11201 | TECHNOLOGY SAAS PROVIDER | $307,176 |
| INTUITIVE TECHNOLOGY GROUP INC | |||||
| 4530 W 77TH ST SUITE 255 | EDIDNA | MN | 55435 | STAFF AUGMENTATION | $298,097 |
| LETTER B LLC | |||||
| 313 LINDEN LANE | TIFFIN | IA | 52340 | TECHNOLOGY CONSULTANT/DEVELOPMENT | $270,310 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Fundraising | $85,000 | FundraisingAmt |
| All Other Contributions | $236,877,745 | AllOtherContributionsAmt |
| Noncash Contributions | $1,554,272 | NoncashContributionsAmt |
| Total Contributions | $236,962,745 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MANAGEMENT FEES | 541900 | $15,169,696 | $15,169,696 |
| DOLLARS FOR SCHOLARS | 541900 | $310,400 | $310,400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,480,096 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,150,711 | TotalRevenueColumnAmt |
| Exclusion | $6,150,711 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $183,015,575 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $181,725,907 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,289,668 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,289,668 | TotalRevenueColumnAmt |
| Exclusion | $1,289,668 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $85,000 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $91,562 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$91,562 | TotalRevenueColumnAmt |
| Exclusion | -$91,562 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 541900 | BusinessCd |
| Total Revenue Column | $68,588 | TotalRevenueColumnAmt |
| Exclusion | $68,588 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $68,588 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $259,860,246 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,480,096 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,417,405 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $211,470,299 | TotalAmt |
| Program Services | $211,470,299 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,306,440 | TotalAmt |
| Program Services | $9,306,440 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $674,709 | TotalAmt |
| Management And General | $674,709 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,136,691 | TotalAmt |
| Program Services | $5,338,852 | ProgramServicesAmt |
| Management And General | $4,561,069 | ManagementAndGeneralAmt |
| Fundraising | $1,236,770 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $295,259 | TotalAmt |
| Program Services | $142,127 | ProgramServicesAmt |
| Management And General | $120,208 | ManagementAndGeneralAmt |
| Fundraising | $32,924 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,750,956 | TotalAmt |
| Program Services | $826,435 | ProgramServicesAmt |
| Management And General | $733,073 | ManagementAndGeneralAmt |
| Fundraising | $191,448 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $816,533 | TotalAmt |
| Program Services | $371,652 | ProgramServicesAmt |
| Management And General | $358,786 | ManagementAndGeneralAmt |
| Fundraising | $86,095 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,908 | TotalAmt |
| Management And General | $41,908 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,000 | TotalAmt |
| Management And General | $82,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,897 | TotalAmt |
| Management And General | $52,897 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,966,075 | TotalAmt |
| Program Services | $1,466,768 | ProgramServicesAmt |
| Management And General | $2,181,202 | ManagementAndGeneralAmt |
| Fundraising | $318,105 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,207 | TotalAmt |
| Program Services | $50,632 | ProgramServicesAmt |
| Management And General | $287,279 | ManagementAndGeneralAmt |
| Fundraising | $3,296 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,413 | TotalAmt |
| Program Services | $211,012 | ProgramServicesAmt |
| Management And General | $116,864 | ManagementAndGeneralAmt |
| Fundraising | $25,537 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $645,299 | TotalAmt |
| Program Services | $6,045 | ProgramServicesAmt |
| Management And General | $633,988 | ManagementAndGeneralAmt |
| Fundraising | $5,266 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,776 | TotalAmt |
| Program Services | $118,429 | ProgramServicesAmt |
| Management And General | $197,615 | ManagementAndGeneralAmt |
| Fundraising | $37,732 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,005 | TotalAmt |
| Program Services | $22,546 | ProgramServicesAmt |
| Management And General | $136,095 | ManagementAndGeneralAmt |
| Fundraising | $84,364 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,730 | TotalAmt |
| Program Services | $35,007 | ProgramServicesAmt |
| Management And General | $20,378 | ManagementAndGeneralAmt |
| Fundraising | $5,345 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,061,212 | TotalAmt |
| Program Services | $13,342 | ProgramServicesAmt |
| Management And General | $1,044,408 | ManagementAndGeneralAmt |
| Fundraising | $3,462 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $282,059 | TotalAmt |
| Program Services | $167,706 | ProgramServicesAmt |
| Management And General | $91,885 | ManagementAndGeneralAmt |
| Fundraising | $22,468 | FundraisingAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Total | $370,955 | TotalAmt |
| Program Services | $257,817 | ProgramServicesAmt |
| Management And General | $59,655 | ManagementAndGeneralAmt |
| Fundraising | $53,483 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,305,423 | TotalAmt |
| Program Services | $229,805,109 | ProgramServicesAmt |
| Management And General | $11,394,019 | ManagementAndGeneralAmt |
| Fundraising | $2,106,295 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,294,008 | BOYAmt |
| EOY | $30,402,232 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,140,290 | BOYAmt |
| EOY | $1,113,443 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,832,978 | BOYAmt |
| EOY | $2,703,330 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $425,218 | BOYAmt |
| EOY | $870,534 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $11,682,580 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $9,473,064 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,931,456 | BOYAmt |
| EOY | $2,209,516 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,724,527 | BOYAmt |
| EOY | $152,924,422 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,471,080 | BOYAmt |
| EOY | $2,800,749 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,483,617 | BOYAmt |
| EOY | $1,389,359 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,303,174 | BOYAmt |
| EOY | $194,413,585 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,593,993 | BOYAmt |
| EOY | $7,066,601 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,249,662 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,181,941 | BOYAmt |
| EOY | $53,047,870 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,025,596 | BOYAmt |
| EOY | $60,114,471 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,469,450 | BOYAmt |
| EOY | $13,308,195 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,808,128 | BOYAmt |
| EOY | $120,990,919 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,277,578 | BOYAmt |
| EOY | $134,299,114 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,303,174 | BOYAmt |
| EOY | $194,413,585 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $16,554,823 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,466,713 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $179,336,738 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $200,386,451 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $205,865,875 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $220,181,709 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $236,962,745 | CurrentTaxYearAmt |
| Total | $1,042,733,518 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $179,336,738 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $200,386,451 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $205,865,875 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $220,181,709 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $236,962,745 | CurrentTaxYearAmt |
| Total | $1,042,733,518 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $156,602,368 | SubstantialContributorsTotAmt |
| Public Support Total170 | $886,131,150 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,688,351 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,815,733 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,511,452 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,862,620 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,150,711 | CurrentTaxYearAmt |
| Total | $17,028,867 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $127,403 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $32,484 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $72,792 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $84,110 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $68,588 | CurrentTaxYearAmt |
| Total | $385,377 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,060,147,762 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $72,604,232 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.83590 | PublicSupportCY170Pct |
| Public Support PY170 | 0.86350 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $21,166,750 | BeginningYearBalanceAmt |
| Contributions | $234,935 | ContributionsAmt |
| Investment Earnings Or Losses | $1,660,252 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $700,351 | GrantsOrScholarshipsAmt |
| Other Expenditures | $348,462 | OtherExpendituresAmt |
| End Year Balance | $22,013,124 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,780,891 | BeginningYearBalanceAmt |
| Contributions | $925 | ContributionsAmt |
| Investment Earnings Or Losses | $1,931,253 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $600,132 | GrantsOrScholarshipsAmt |
| Other Expenditures | -$53,813 | OtherExpendituresAmt |
| End Year Balance | $21,166,750 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $22,635,496 | BeginningYearBalanceAmt |
| Contributions | $1,850 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,169,298 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $580,222 | GrantsOrScholarshipsAmt |
| Other Expenditures | $106,935 | OtherExpendituresAmt |
| End Year Balance | $19,780,891 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $22,642,622 | BeginningYearBalanceAmt |
| Contributions | $475 | ContributionsAmt |
| Investment Earnings Or Losses | $1,595,362 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $698,108 | GrantsOrScholarshipsAmt |
| Other Expenditures | $904,855 | OtherExpendituresAmt |
| End Year Balance | $22,635,496 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,940,667 | BeginningYearBalanceAmt |
| Contributions | $53,801 | ContributionsAmt |
| Investment Earnings Or Losses | $2,189,647 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $442,218 | GrantsOrScholarshipsAmt |
| Other Expenditures | $99,275 | OtherExpendituresAmt |
| End Year Balance | $22,642,622 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.11300 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.64240 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.24460 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $496,623 | OtherCostOrOtherBasisAmt |
| Depreciation | $496,623 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,140,851 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,818,000 | DepreciationAmt |
| Book Value | $322,851 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,045,106 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,158,441 | DepreciationAmt |
| Book Value | $1,886,665 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,209,516 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| LEASE LIABILITY | $278,340 |
| SCHOLARSHIP PAYABLE | $25,487,102 |
| REFUNDABLE DEPOSITS | $27,282,428 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $53,047,870 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $213,221,276 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,466,713 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $91,562 | OtherRevenueAmt |
| Revenue Not Reported | $2,558,275 | RevenueNotReportedAmt |
| Revenue Subtotal | $210,663,001 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $52,897 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $49,144,348 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $49,197,245 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $259,860,246 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $194,199,740 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $91,562 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $91,562 | ExpensesNotReportedAmt |
| Expenses Subtotal | $194,108,178 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $52,897 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $49,144,348 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $49,197,245 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $243,305,423 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2024 AND 2023. SCHOLARSHIP AMERICA'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 91,562. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS WITHOUT VARIANCE POWER 49,144,348. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 91,562. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SCHOLARSHIPS WITHOUT VARIANCE POWER 49,144,348. |
| 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. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (10 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| CENTRAL AMERICA/CARIBBEAN | 0 | 0 | GRANTMAKING | SCHOLARSHIP AWARD | $132,900 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTMAKING | SCHOLARSHIP AWARD | $1,406,464 |
| EUROPE | 0 | 0 | GRANTMAKING | SCHOLARSHIP AWARD | $1,814,762 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | GRANTMAKING | SCHOLARSHIP AWARD | $779,987 |
| NORTH AMERICA | 0 | 0 | GRANTMAKING | SCHOLARSHIP AWARD | $2,854,402 |
| RUSSIA/INDEPENDENT STATES | 0 | 0 | GRANTMAKING | SCHOLARSHIP AWARD | $987,350 |
| SOUTH AMERICA | 0 | 0 | GRANTMAKING | SCHOLARSHIP AWARD | $796,957 |
| SOUTH ASIA | 0 | 0 | GRANTMAKING | SCHOLARSHIP AWARD | $430,118 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTMAKING | SCHOLARSHIP AWARD | $103,500 |
| CENTRAL AMERICA/CARIBBEAN | 0 | 0 | INVESTMENTS | $2,800,749 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $9,202,940 | SubtotalSpentAmt |
| Continuation Spent | $2,904,249 | ContinuationSpentAmt |
| Total Spent | $12,107,189 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (84 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | SCHOLARSHIP | $11,340 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $10,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $22,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $35,300 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $8,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $5,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $61,650 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $5,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $21,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $27,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $15,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $6,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $39,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $58,750 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,158 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $6,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $6,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $5,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,250 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $5,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $10,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $5,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $115,600 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $106,200 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $11,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $9,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $11,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $13,275 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $6,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $119,300 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $8,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $8,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $9,326 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $18,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $38,949 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $22,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $36,334 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $11,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $68,025 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $25,250 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $8,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $16,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $72,026 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $153,958 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $85,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $97,150 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $19,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $41,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,250 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $11,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $10,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $13,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $88,950 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $16,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $7,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $11,800 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $188,100 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $30,500 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $240,426 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $57,600 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $19,250 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $10,326 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $77,300 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $35,400 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $77,747 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $15,000 | CHECK OR EFT | $0 |
| EAST ASIA AND THE PACIFIC | SCHOLARSHIP | $64,794 | CHECK OR EFT | $0 |
| EUROPE | SCHOLARSHIP | $5,800 | CHECK OR EFT | $0 |
| EUROPE | SCHOLARSHIP | $9,889 | CHECK OR EFT | $0 |
| EUROPE | SCHOLARSHIP | $9,500 | CHECK OR EFT | $0 |
| ISRAEL | SCHOLARSHIP | $13,000 | CHECK OR EFT | $0 |
| NORTH AMERICA | SCHOLARSHIP | $5,250 | CHECK OR EFT | $0 |
| EUROPE | SCHOLARSHIP | $10,000 | CHECK OR EFT | $0 |
| EUROPE | SCHOLARSHIP | $5,500 | CHECK OR EFT | $0 |
| EUROPE | SCHOLARSHIP | $22,143 | CHECK OR EFT | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 169 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (9 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| SCHOLARSHIPS | CENT. AMERICA/CARIBBEAN | 37 | $128,900 | CHECK OR ET |
| SCHOLARSHIPS | EAST ASIA/PACIFIC | 402 | $1,318,630 | CHECK OR ET |
| SCHOLARSHIPS | EUROPE/ICELAND/GREENLAND | 545 | $1,723,680 | CHECK OR ET |
| SCHOLARSHIPS | MIDDLE EAST/NORTH AFRICA | 214 | $766,987 | CHECK OR ET |
| SCHOLARSHIPS | NORTH AMERICA | 78 | $173,652 | CHECK OR ET |
| SCHOLARSHIPS | RUSSIA/NEWLY IND. STATES | 351 | $987,350 | CHECK OR ET |
| SCHOLARSHIPS | SOUTH AMERICA | 219 | $796,957 | CHECK OR ET |
| SCHOLARSHIPS | SOUTH ASIA | 142 | $430,118 | CHECK OR ET |
| SCHOLARSHIPS | SUB-SAHARAN AFRICA | 30 | $103,500 | CHECK OR ET |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 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. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | NATIONAL PROJECT 5820 GALA 2024 | Event1Nm |
| Gross Receipts Event1 | $63,500 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $63,500 | CharitableContriEvent1Amt |
| Other Direct Expenses Event1 | $51,353 | OtherDirectExpensesEvent1Amt |
| Event2 | PARTNER SUMMIT | Event2Nm |
| Gross Receipts Event2 | $21,500 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $21,500 | CharitableContriEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $0 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $0 | CharitableContriOtherEventsAmt |
| Oth Direct Expnss Other Events | $40,209 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $85,000 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $85,000 | CharitableContributionsTotAmt |
| Oth Direct Expnss Total Events | $91,562 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $91,562 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$91,562 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 58587 | RecipientCnt |
| Cash Grant | $211,470,299 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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); 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. 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL NYLUND | ||||||||||||||
| PRESIDENT AND CEO | $329,509 | $0 | $1,032 | $0 | $0 | $0 | $9,170 | $0 | $24,725 | $0 | $364,436 | $0 | $0 | $0 |
| RICHARD GREENE | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $255,728 | $0 | $6,689 | $0 | $0 | $0 | $7,829 | $0 | $40,027 | $0 | $310,273 | $0 | $0 | $0 |
| ABIGAIL SELDIN | ||||||||||||||
| CHIEF GROWTH OFFICER | $245,416 | $0 | $216 | $0 | $0 | $0 | $5,625 | $0 | $6,061 | $0 | $257,318 | $0 | $0 | $0 |
| JENNIFER MENKE | ||||||||||||||
| VICE PRESIDENT, HUMAN RESOURCES | $202,439 | $0 | $5,440 | $0 | $0 | $0 | $6,270 | $0 | $24,291 | $0 | $238,440 | $0 | $0 | $0 |
| KIMBERLY HANSON | ||||||||||||||
| VICE PRESIDENT, PARTNER SOLUTIONS | $195,853 | $0 | $699 | $0 | $0 | $0 | $5,880 | $0 | $21,574 | $0 | $224,006 | $0 | $0 | $0 |
| JONELL SANCHEZ | ||||||||||||||
| CHIEF PRODUCT AND TECHNOLOGY OFFICER | $190,944 | $0 | $404 | $0 | $0 | $0 | $4,616 | $0 | $2,932 | $0 | $198,896 | $0 | $0 | $0 |
| NICHOLAS LEONARD MASON | ||||||||||||||
| GENERAL COUNSEL | $149,294 | $0 | $275 | $0 | $0 | $0 | $4,637 | $0 | $23,427 | $0 | $177,633 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,554,272 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | SECURITIES- PUBLICLY TRADED- THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN PART I, COLUMN (B). | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2023 FOR THE PRESIDENT/CEO, CFO, AND HIGHEST COMPENSATED EMPLOYEES FOR COMPENSATION PACKAGES FOR 2024. |
| 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. |
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