2016-07-29T13:08:11-05:00 2015-12-31 390859910 Baker Tilly Virchow Krause LLP 225 S 6th St 2300 Minneapolis MN 55402 990 2015-01-01 042296967 Scholarship America Inc SCHO 9528307396 7900 International Dr No 500 Minneapolis MN 55425 RICHARD GREENE CFO 9528307396 2016-06-24 1 Lawrence H Mohr CPA P00447603 6128764500 2015 2016-12-15 16:53:06Z Robert Ballard 7900 International Dr No 500 Minneapolis MN 55425 251090678 0 X www.scholarshipamerica.org X 1961 MA TO MOBILIZE AMERICA THROUGH SCHOLARSHIPS AND EDUCATIONAL SUPPORT. 13 13 224 14000 0 0 156910250 170535270 14142679 12276380 11852748 1111801 -40374 -163699 182865303 183759752 167523026 181575490 0 0 10679979 9762232 0 75096 1413210 7607902 6208690 185810907 197621508 -2945604 -13861756 172150262 137105652 53218989 37375604 118931273 99730048 X SCHOLARSHIP AMERICA IS A NATIONAL EDUCATION SERVICE ORGANIZATION. OUR MISSION IS TO MOBILIZE AMERICA THROUGH SCHOLARSHIPS AND EDUCATIONAL SUPPORT TO MAKE POSTSECONDARY SUCCESS POSSIBLE FOR ALL STUDENTS. SCHOLARSHIP AMERICA HAS DISTRIBUTED MORE THAN $3.3 BILLION IN SCHOLARSHIP ASSISTANCE TO MORE THAN 2.0 MILLION STUDENTS SINCE 1958. SCHOLARSHIP AMERICA'S PROGRAMS HELP FUND BOTH ENTRY-LEVEL AND RENEWABLE, MULTI-YEAR SCHOLARSHIPS, AS WELL AS EMERGENCY FINANCIAL GRANTS. PROGRAMS INCLUDE DOLLARS FOR SCHOLARS, DREAMKEEPERS, THE DREAM AWARD SCHOLARSHIP PROGRAM, AND SCHOLARSHIP MANAGEMENT SERVICES. 0 0 190378826 181575490 11825457 SCHOLARSHIP MANAGEMENT SERVICES IS THE LEADING EDUCATION ASSISTANCE SERVICE PROVIDER IN THE COUNTRY, HELPING CORPORATIONS, FOUNDATIONS AND INDIVIDUALS DESIGN AND ADMINISTER SCHOLARSHIP AND RELATED EDUCATIONAL ASSISTANCE PROGRAMS. 928328 450923 Dollars for Scholars is a national network of over 500 community-based, volunteer-driven affiliated organizations that raise funds and provide scholarships and educational support to local students in communities across the country. 553652 DREAMKEEPERS IS A COLLEGE-BASED EMERGENCY GRANT PROGRAM DESIGNED TO HELP STUDENTS WITH AN UNFORESEEN FINANCIAL EMERGENCY STAY IN COLLEGE. 405511 Other Program Services include the Families of Freedom scholarship program and other related education program research, policy and community engagement activities. 405511 192266317 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 362 0 1 224 1 0 1 CA UK 0 0 0 0 0 0 0 0 X 13 13 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 MICHAEL RYAN Chair of the Board 5.00 X X 0 0 0 Mim Schreck Past Chair of the board 3.00 X X 0 0 0 Timothy Christensen Secretary 5.00 X X 0 0 0 Michael Ryder Treasurer 5.00 X X 0 0 0 Phyllis McGrath Trustee 5.00 X 0 0 0 William Young Trustee 3.00 X 0 0 0 Judith Allen Trustee 5.00 X 0 0 0 Roxanne Spillett Trustee 5.00 X 0 0 0 Seema Shah Trustee 3.00 X 0 0 0 Douglas Mello Trustee 3.00 X 0 0 0 Jay Morris Trustee 3.00 X 0 0 0 Tina Lee Trustee 3.00 X 0 0 0 J Barry Griswell Vice Chair of the board 5.00 X 0 0 0 Richard Greene Chief Financial Officer 40.00 X 183788 0 23976 Lauren Segal Past President and CEO 40.00 X 277465 0 24890 Robert Ballard President and CEO (Part Year) 40.00 X 76485 0 3753 Rhianna Quinn Roddy Executive Director, FOF 40.00 X 184788 0 24003 Mary Larson Senior VP Mktg and Public Policy 40.00 X 159823 0 1953 Max Espinoza Senior VP Programs and Policy 40.00 X 172058 0 9085 Jennifer Menke VP Human Resources 40.00 X 147481 0 17052 Mike Nylund VP of Sales, SMS 40.00 X 128522 0 22506 1330410 0 127218 8 0 1 0 Avanade Inc 818 Stewart Street STE 400 Seattle WA 98101 Software Development 987879 Hill & Company Communications 1290 B Street STE 201 Hayward CA 94541 Marketing Communications 356041 oracle america inc PO Box 203448 Dallas TX 75320 Software Provider 209402 Daz Systems Inc 880 Apollo Street STE 201 El Segundo CA 90245 Software integrator 202135 ACT PO Box 4072 Iowa City IA 52243 Subcontractor Fees 119074 9 X 346835 170188435 232129 170535270 MANAGEMENT FEES 900099 11825457 11825457 DOLLARS FOR SCHOLARS 900099 450923 450923 12276380 2694818 2694818 65561949 67144966 -1583017 -1583017 -1583017 22261 346835 185960 -163699 -163699 183759752 12276380 0 948102 X 175395505 175395505 6179985 6179985 590358 590358 7627738 4975023 1804328 848387 69236 45710 15731 7795 879026 622062 173427 83537 595874 381264 152670 61940 2243653 1739720 456678 47255 99402 99402 60729 60729 75096 75096 43646 43646 553772 468305 48176 37291 787984 684732 68499 34753 480930 325664 97479 57787 514278 321353 143885 49040 102610 60406 36504 5700 640022 508840 91068 40114 154955 116548 24504 13903 MISCELLANEOUS 526709 441200 34897 50612 197621508 192266317 3941981 1413210 22975587 9092872 1123365 2360006 2591915 1849043 494728 384626 9881262 7146887 3026216 2734375 139915265 118862820 1772771 1569213 250415 252697 172150262 137105652 2483041 1463323 1100623 937745 84552 0 49550773 34974536 53218989 37375604 X 5664585 4741496 97315495 81521770 15951193 13466782 118931273 99730048 172150262 137105652 -13861756 -5339469 0 X X 0 1 X 1 0 X 143055784 151980658 135070904 156910250 170535270 757552866 143055784 151980658 135070904 156910250 170535270 757552866 20847211 736705655 3352273 2890246 800811 2312344 2694818 12050492 769603358 0.95730 0.94800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18993284 6745 -299648 603842 2595123 15501416 21954992 90871 779779 747168 3085190 18993284 20380843 615239 1147018 188108 21954992 20693045 43955 1001760 616554 741363 20380843 18055616 2014528 1122048 472890 26257 20693045 0.01620 0.85840 0.12540 0 0 329436 329436 4863403 3225021 1638382 496623 155187 341436 4191800 3766679 425121 2734375 Scholarships Payable 9373743 Refundable Deposits 25600793 34974536 X 109246491 -5339469 185960 -5153509 114400000 43646 69316106 69359752 183759752 128447716 185960 185960 128261756 43646 69316106 69359752 197621508 Part X, Line 2: 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. NO LIABILITY HAS BEEN RECOGNIZED BY SCHOLARSHIP AMERICA FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2015 AND 2014. 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 XI, Line 2d and Part XII, Line 2d: Fundraising expenses included in net revenue on 990 and on expense schedule on audited financial statements. PART XI, LINE 4B AND PART XII, LINE 4B: Scholarship contributors and awards over which Scholarship America does not have Variance Power. 1 RUSSIA/INDEPENDENT STATES 0 0 GRANTMAKING SCHOLARSHIP AWARD 58700 SUB-SAHARAN AFRICA 0 0 GRANTMAKING SCHOLARSHIP AWARD 53000 SOUTH ASIA 0 0 GRANTMAKING SCHOLARSHIP AWARD 226500 SOUTH AMERICA 0 0 GRANTMAKING SCHOLARSHIP AWARD 376150 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING SCHOLARSHIP AWARD 762750 NORTH AMERICA 0 0 GRANTMAKING SCHOLARSHIP AWARD 2682315 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING SCHOLARSHIP AWARD 117750 EUROPE 0 0 GRANTMAKING SCHOLARSHIP AWARD 1841420 CENTRAL AMERICA/CARIBBEAN 0 0 GRANTMAKING SCHOLARSHIP AWARD 61400 0 0 0 0 0 0 6118585 61400 6179985 EAST ASIA/PACIFIC SCHOLARSHIPS 7750 CHECK OR ET EAST ASIA/PACIFIC SCHOLARSHIPS 6000 CHECK OR ET EAST ASIA/PACIFIC SCHOLARSHIPS 7000 CHECK OR ET South America SCHOLARSHIPS 11500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 12000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 9500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8100 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 39750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 40600 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 34550 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 11900 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 28600 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 9350 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 22062 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 14938 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 60974 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 121300 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5600 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 20600 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10600 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 102350 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 54650 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 10000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 17250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 12000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 16750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 9500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 13250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 17100 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 16000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 46000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 250400 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 44100 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 82300 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5675 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 18000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 49040 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6300 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 38500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 21000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 13500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 27100 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 6250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 113850 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 31060 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8350 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 29500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 172200 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 146500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 7000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 19750 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 70825 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 60760 CHECK OR ET South America SCHOLARSHIPS 11750 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 30000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 13063 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 85500 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 32680 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 10000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 8105 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 19157 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 8178 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 6815 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 24015 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 24953 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 59359 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 11686 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 6000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 13022 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 41993 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5125 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 7500 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 8000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 7500 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 9000 CHECK OR ET South Asia SCHOLARSHIPS 10000 CHECK OR ET South Asia SCHOLARSHIPS 10000 CHECK OR ET South Asia SCHOLARSHIPS 10000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 12181 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 11396 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 8750 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5585 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 5000 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 18500 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 8250 CHECK OR ET NORTH AMERICA SCHOLARSHIPS 13500 CHECK OR ET EAST ASIA/PACIFIC SCHOLARSHIPS 5000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 6980 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 7995 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 10830 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 11451 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 39446 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 15542 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 13348 CHECK OR ET EAST ASIA/PACIFIC SCHOLARSHIPS 26750 CHECK OR ET EAST ASIA/PACIFIC SCHOLARSHIPS 9500 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 7658 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5500 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 6500 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 8000 CHECK OR ET EAST ASIA/PACIFIC SCHOLARSHIPS 6000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 7019 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 6000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 21803 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 7500 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5250 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5531 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 10000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5970 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 6650 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 11992 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 6345 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 5000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 17250 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 10300 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 27050 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 7000 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 10250 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 13400 CHECK OR ET EUrope/Iceland/Greenland SCHOLARSHIPS 6600 CHECK OR ET South America SCHOLARSHIPS 7500 CHECK OR ET SCHOLARSHIPS CENT. AMERICA/CARIBBEAN 17 43900 CHECK OR ET SCHOLARSHIPS EAST ASIA/PACIFIC 207 561550 CHECK OR ET SCHOLARSHIPS EUROPE/ICELAND/GREENLAND 242 618650 CHECK OR ET SCHOLARSHIPS MIDDLE EAST/NORTH AFRICA 36 105600 CHECK OR ET SCHOLARSHIPS NORTH AMERICA 82 240300 CHECK OR ET SCHOLARSHIPS RUSSIA/NEWLY IND. STATES 28 58700 CHECK OR ET SCHOLARSHIPS SOUTH AMERICA 125 305900 CHECK OR ET SCHOLARSHIPS SOUTH ASIA 68 140050 CHECK OR ET SCHOLARSHIPS SUB-SAHARAN AFRICA 20 47000 CHECK OR ET 0 0 0 0 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 VERIFICTION 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 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. X X 1 J MURPHY & ASSOCIATES 2021 EAST HENNEPINE AVE STE 130 MINNEAPOLIS MN 55413 GRANT WRITING AND CONSULTING SERVICES 0 0 75096 -75096 75096 -75096 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Award Banquet 369096 346835 22261 39600 15000 131360 369096 346835 22261 39600 15000 131360 185960 -163699 1 SCHOLARSHIPS 83903 175395505 SCHEDULE I 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 0 0 0 0 0 0 0 0 0 Richard Greene Chief Financial Officer 183788 0 0 0 0 0 2275 0 21701 0 207764 0 0 0 Lauren Segal Past President and CEO 277465 0 0 0 0 0 3513 0 21377 0 302355 0 0 0 Rhianna Quinn Roddy Executive Director, FOF 184788 0 0 0 0 0 2000 0 22003 0 208791 0 0 0 Mary Larson Senior VP Mktg and Public Policy 159823 0 0 0 0 0 1250 0 703 0 161776 0 0 0 Max Espinoza Senior VP Programs and Policy 172058 0 0 0 0 0 0 0 9085 0 181143 0 0 0 Jennifer Menke VP Human Resources 147481 0 0 0 0 0 1875 0 15177 0 164533 0 0 0 Mike Nylund VP of Sales, SMS 128522 0 0 0 0 0 1609 0 20897 0 151028 0 0 0 X 9 232129 FAIR MARKET VALUE 0 0 1 1 Part I, Column (b): ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN PART 1, COLUMN (B). Part I, Line 32b: Scholarship America uses a third party broker to receive stock contributions made to the organization. Additionally, the third party broker disposes of stock contributions in accordance with the organization's policies. 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 11 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 IRS. Form 990, Part VI, Section B, line 12c ANNUALLY ALL BOARD MEMBERS AND EMPLOYEES SIGN THE CONFLICT OF INTEREST DISCLOSURE FORM. FORMS ARE REVIEWED BY THE GOVERNANCE COMMITTEE. BASED ON THE RESULTS OF THAT REVIEW AND DISCUSSION WITH THE INVOLVED INDIVIDUAL ANY APPROPRIATE ACTION IS TAKEN. Form 990, Part VI, Section B, line 15 THE PRESIDENT'S COMPENSATION IS SET BY THE BOARD IN CONJUNCTION WITH THE PRESIDENT'S REVIEW. THE COMPENSATION OF KEY STAFF IS APPROVED BY THE BOARD IN CONJUNCTION WITH THEIR INDIVIDUAL PERFORMANCE REVIEWS AND BASED ON THE RECOMMENDATION FROM THE PRESIDENT. COMPENSATION IS DETERMINED AFTER REVIEWING COMPARABLE COMPENSATION BASED ON SURVEYS AND/OR CONSULTATION WITH OUTSIDE COMPENSATION EXPERTS. COMPENSATION OF ALL OTHER EMPLOYEES IS SET BY MANAGEMENT AND HR DEPARTMENT BASED ON COMPENSATION SURVEYS AND ANNUAL PERFORMANCE REVIEWS. Form 990, Part VI, Section C, line 19 The annual report, annual audit report, and Form 990 are available to the public on the website. Articles and By-laws are available 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.