2012-03-29T15:51:27-04:00 2011-06-30 KPMG LLP 4200 Wells Fargo Ctr 90 S 7th Minneapolis MN 55402 990 2010-07-01 042296967 SCHOLARSHIP AMERICA INC SCHO 5079311682 One Scholarship Way SAINT PETER MN 56082 Anne Cheney 2012-02-17 true 6123055000 2010 2016-02-24 21:20:13Z 171036517 false X www.scholarshipamerica.org X 1961 MA The mission of Scholarship America, Inc. is to mobilize America through scholarships and educational support to make postsecondary education possible for all students. 15 14 179 26000 0 141695659 140478327 9033926 9199532 3439178 5338519 -86373 -28460 154082390 154987918 148015779 150650794 0 0 7783727 8254517 0 79875 1379730 3693944 3651982 159493450 162637168 -5411060 -7649250 176974012 176046357 40362563 40461136 136611449 135585221 X SEE SCHEDULE O ATTACHMENT 1 false false 155730258 150650794 8683124 Scholarship Management Services is the leading scholarship services program in the country, helping corporations, foundations and individuals design and administer scholarship and related educational assistance programs. 1679889 496071 Dollars for Scholars is a national network of approximately 1,100 local chapters, driven by local volunteers that provide scholarships and educational support to hometown students in 3,800 communities across the country. 448540 Dreamkeepers provides funds to help open-enrollment and community colleges keep students from dropping out of school when they encounter financial emergencies. 30497 20337 SCHOLARSHOP 30497 20337 157889184 true true false false false false false false true true false false false true true true false false false true true true true true false false false true true false false false false false false false false true false false false false false false false false false true 353 0 true 179 true false true CA false false false false false false false false false false false X 15 14 false false false false false true false true true false true true true true true true true true true true false 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 ANNE CHENEY CONTROLLER 5079310430 ONE SCHOLARSHIP WAY SAINT PETER MN 56802 X Richard J Schwab 8.0 X X 0 0 0 Mim Schreck 5.0 X X 0 0 0 Lauren A Segal 40.0 X X 172055 0 20621 Seema R Shah Esq 5.0 X X 0 0 0 Barbara B McBee 5.0 X 0 0 Judith Allen 3.0 X 0 0 Mark W Bates 3.0 X 0 0 Timothy A Christensen 3.0 X 0 0 Suneet Dua 3.0 X 0 0 Tina T Lee 3.0 X 0 0 Gregory Marino 3.0 X 0 0 Michael D Ryan 3.0 X 0 0 Michael J Ryder 3.0 X 0 0 Susan G Weinberger 3.0 X 0 0 Kay Marquet 3.0 X 0 0 Terrance Kraling X 159347 0 16462 Donald Lassere X 142907 0 18512 Rhianna Quinn Roddy X 194580 0 17141 668889 0 72736 4 false true false Civicore LLC 1580 Lincoln Street Ste 520 DENVER CO 80203 Software Programming 150000 Envision Design That Works Inc 322 South Minnesota Avenue STPETER MN 56082 Design Work 101866 Faegre Benson LLP 2200 Wells Fargo Center 90 S Sevent MINNEAPOLIS MN 55402 Legal 101192 Jade Hildahl 16526 W 78th Street Ste 108 EDEN PRAIRIE MN 55346 Software Programming 100500 Iret Properties 10050 Crosstown Circle Ste 105 EDEN PRAIRIE MN 55344 Property Owner 113531 5 156496 140321831 166543 140478327 MANAGEMENT FEES 900099 8683124 8683124 DOLLARS FOR SCHOLARS 900099 496071 496071 SCHOLARSHOP 900099 20337 20337 9199532 3687960 3687960 0 0 17662173 16011614 1650559 1650559 1650559 8525 156496 36985 -28460 0 0 0 154987918 9199532 5338519 0 146829214 146829214 3821580 3821580 0 857812 366489 491323 0 6363244 3907816 1607968 847460 0 599501 437994 103346 58161 433960 239875 120822 73263 41062 41062 112354 18313 94041 76139 76139 0 79875 79875 0 1040654 625944 363037 51673 230778 142587 34888 53303 332880 256668 52171 24041 0 0 378988 197507 114216 67265 323530 165939 64704 92887 0 254735 124213 126927 3595 51123 44704 6419 0 238828 198145 39560 1123 105881 77552 17889 10440 PRINTING 143662 123242 17736 2684 POSTAGE & DELIVERY 261635 238457 19032 4146 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96611 0 0 0 2734454 0 SCHOLARSHIPS PAYABLE 16841041 REFUNDABLE DEPOSITS 20612751 37453792 154987918 162637168 -7649250 7623071 -1000049 6623022 -1026228 162660329 7623071 12355 36985 7672411 154987918 154987918 162686508 12355 36985 49340 162637168 162637168 Use of Endowment Funds 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 awarded. Dollars for Scholars: Donors also established small endowments which support operation of the Dollars for Scholars program. FIN 48 Footnote Part X, Line 2 Scholarship America's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Scholarship America has no uncertain tax positions resulting in an accrual of tax expense or benefit. Other Reconciling Items Parts XI, XII, XIII Part XI -1,000,049 Release of Permanent Restriction on Endowment Part XII 2D Other 36,985 Direct Expenses Related to Fundraising Events Part XIII 2D Other 36,985 Direct Expenses Related to Fundraising Events true Central America and the Caribbean Grantmaking Scholarship Award 60887 East Asia and the Pacific Grantmaking Scholarship Award 628529 Europe (Including Iceland and Greenland) Grantmaking Scholarship Award 757674 Middle East and North Africa Grantmaking Scholarship Award 159856 North America Grantmaking Scholarship Award 1856884 Russia and the Newly Independent States Grantmaking Scholarship Award 12000 South America Grantmaking Scholarship Award 186750 South Asia Grantmaking Scholarship Award 100100 Sub-Saharan Africa Grantmaking Scholarship Award 58900 3821580 3821580 East Asia/Pacific Scholarships 9000 Check or ET East Asia/Pacific Scholarships 9000 Check or ET East Asia/Pacific Scholarships 8500 Check or ET East Asia/Pacific Scholarships 7000 Check or ET East Asia/Pacific Scholarships 5500 Check or ET East Asia/Pacific Scholarships 17500 Check or ET South Asia Scholarships 18900 Check or ET South America Scholarships 6000 Check or ET South America Scholarships 9000 Check or ET North America Scholarships 24000 Check or ET North America Scholarships 40500 Check or ET North America Scholarships 43100 Check or ET North America Scholarships 14000 Check or ET North America Scholarships 53000 Check or ET North America Scholarships 9500 Check or ET North America Scholarships 5500 Check or ET North America Scholarships 18250 Check or ET North America Scholarships 18700 Check or ET North America Scholarships 17000 Check or ET North America Scholarships 74847 Check or ET North America Scholarships 58500 Check or ET North America Scholarships 15000 Check or ET North America Scholarships 14500 Check or ET North America Scholarships 11000 Check or ET North America Scholarships 80500 Check or ET North America Scholarships 31002 Check or ET North America Scholarships 9500 Check or ET North America Scholarships 5800 Check or ET North America Scholarships 12700 Check or ET North America Scholarships 5167 Check or ET North America Scholarships 9500 Check or ET North America Scholarships 22500 Check or ET North America Scholarships 7000 Check or ET North America Scholarships 8000 Check or ET North America Scholarships 7000 Check or ET North America Scholarships 41000 Check or ET North America Scholarships 81500 Check or ET North America Scholarships 6000 Check or ET North America Scholarships 68000 Check or ET North America Scholarships 53500 Check or ET North America Scholarships 26000 Check or ET North America Scholarships 21000 Check or ET North America Scholarships 7550 Check or ET North America Scholarships 31000 Check or ET North America Scholarships 18000 Check or ET North America Scholarships 35400 Check or ET North America Scholarships 64000 Check or ET North America Scholarships 22400 Check or ET North America Scholarships 8000 Check or ET North America Scholarships 5500 Check or ET North America Scholarships 101100 Check or ET North America Scholarships 103150 Check or ET North America Scholarships 7000 Check or ET North America Scholarships 9500 Check or ET North America Scholarships 46000 Check or ET North America Scholarships 5500 Check or ET North America Scholarships 91000 Check or ET North America Scholarships 10000 Check or ET South America Scholarships 15000 Check or ET East Asia/Pacific Scholarships 7000 Check or ET Cent. America/Caribbean Scholarships 6500 Check or ET Europe/Iceland/Greenland Scholarships 5500 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET Sub-Saharan Africa Scholarships 10900 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET Europe/Iceland/Greenland Scholarships 9000 Check or ET South Asia Scholarships 8000 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET East Asia/Pacific Scholarships 18000 Check or ET North America Scholarships 6500 Check or ET North America Scholarships 9000 Check or ET North America Scholarships 11000 Check or ET North America Scholarships 9000 Check or ET North America Scholarships 10000 Check or ET North America Scholarships 11500 Check or ET East Asia/Pacific Scholarships 11500 Check or ET South America Scholarships 12350 Check or ET East Asia/Pacific Scholarships 5500 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET East Asia/Pacific Scholarships 10000 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET Europe/Iceland/Greenland Scholarships 11000 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET Europe/Iceland/Greenland Scholarships 10000 Check or ET Europe/Iceland/Greenland Scholarships 5500 Check or ET Europe/Iceland/Greenland Scholarships 10000 Check or ET Europe/Iceland/Greenland Scholarships 9000 Check or ET Europe/Iceland/Greenland Scholarships 5500 Check or ET Europe/Iceland/Greenland Scholarships 11500 Check or ET Europe/Iceland/Greenland Scholarships 9400 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET Europe/Iceland/Greenland Scholarships 8000 Check or ET Europe/Iceland/Greenland Scholarships 10500 Check or ET Europe/Iceland/Greenland Scholarships 5500 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET Europe/Iceland/Greenland Scholarships 7500 Check or ET Europe/Iceland/Greenland Scholarships 8500 Check or ET Europe/Iceland/Greenland Scholarships 7000 Check or ET Europe/Iceland/Greenland Scholarships 9000 Check or ET Europe/Iceland/Greenland Scholarships 6000 Check or ET Europe/Iceland/Greenland Scholarships 17000 Check or ET 103 Scholarship Cent. America/Caribbean 23 41760 Check or ET Scholarship East Asia/Pacific 156 362179 Check or ET Scholarship Europe/Iceland/Greenland 124 269724 Check or ET Scholarship Middle East/North Africa 45 141340 Check or ET Scholarship North America 25 61606 Check or ET Scholarship Russia 3 10000 Check or ET Scholarship South America 23 68400 Check or ET Scholarship South Asia 34 46500 Check or ET Scholarship Sub-Saharan Africa 21 39000 Check or ET false false false false false false Schedule F, Part I, Line 2 Grants outside the United States are competitively awarded using the process described in Schedule I (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. Schedule F, 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 X X X true Schultz and Williams Fundraising Counsel false 0 79875 0 0 79875 0 AL AK AS AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MH 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 Hoosier Hero 105901 100401 5500 25483 Light the Fire 46910 43885 3025 5974 1 12210 12210 5528 165021 156496 8525 36985 36985 -28460 true Scholarships 66011 146829214 SCHOLARSHIP MANAGEMENT SERVICES SCHEDULE I PART IV 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; 2. Receive all applications material directly; 3. Process and evaluate all applications; 4. Determine the recipients and amount to be awarded; 5. Notify the recipient of their award; 6. Confirm the appropriate employment relationship or program eligibility; 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; 2. Scholastic performance measured by rank in class; 3. Counselor appraisal; 4. Interest, activities, and leadership contributions; 5. Financial need may also be taken into consideration. X X X true false false false false false false false false Lauren A Segal 172055 0 20621 192676 0 Rhianna Quinn Roddy 194580 0 17141 211721 0 Terrance Kraling 159347 0 16462 175809 0 Donald Lassere 142907 0 18512 161419 0 X 6 146687 Mean of mkt@gift dat false true false Organization's Mission 990 Part III, Question 1 Scholarship America is a national education service organization that mobilizes support for students getting into and graduating from college. Scholarship America has distributed more than $2.7 billion in scholarship assistance to more than 1.8 million students over the last 50 years. Scholarship America's programs help fund both entry-level and multi-year scholarships, as well as emergency financial grants. Programs include Dollars for Scholars, Dreamkeepers, and Scholarship Management Services. Group Elects Member of the Board: 990 Part VI, Question 7a Scholarship America has a group called Honor Roll Trustees (HRTs). The HRT group is comprised of board members who have been off of the board for three years and were elected by existing HRTs to join the group. In addition to advising the President the HRTs elect one of their members to a two year term on the board. Board Approval of Form 990: 990 Part VI, Question 11A 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. Monitoring Conflict of Interest: 990, Part VI, Question 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. Review of President & CEO: 990, Part VI, Question 15b The Board annually reviews the President & CEO and sets the level of compensation based on performance and data regarding compensation for comparable positions. Availability of Information to the Public: 990, Part VI, Question 19 The Annual Report, Annual Audit and Form 990 are available to the public on the website. Articles, by-laws and conflict of interest policy are available upon request. Change in Net Assets 990, Part XI 7,623,071 Unrealized Appreciation (1,000,049) Release of Permanent Restriction of Endowment 6,623,022