Cause IQ organization profile

Scholarship America

Scholarship America is a scholarship organization based in Minneapolis, MN that was founded in 1961. As of 2019 they had $186 million in revenue and $137 million in assets.

To mobilize America, through scholarships and educational support, to make postsecondary education possible for all students.

EIN:

04-2296967

City:

Minneapolis

State:

Minnesota

Website:

scholarshipamerica.org

Phone:

(800) 537-4180

Facebook:

facebook.com/ScholarshipAmerica

Twitter:

@scholamerica

Founded:

1961

Type:

501(c)(3)

NTEE:

B82: Scholarship and financial aid organizations

Revenue:

$186,759,603

Assets:

$137,654,974

Employees:

218

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Scholarship America

Scholarship America (program management) is the leading education assistance service provider in the country, helping corporations, foundations and individuals design and administer Scholarship and related educational assistance programs.

Other program services include the families of freedom Scholarship program and other related education program research, policy and community engagement activities.

Dollars for scholars (dfs) and other student programs is comprised of a national network of nearly 500 community-based, volunteer-driven dfs chapter organizations that provide educational assistance to local communities, along with other programming such as emergency financial assistance grants to drive persistence in post-secondary education.

Form 990s for Scholarship America

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Oct 11, 2019	990	View PDF
2017-12	Oct 16, 2018	990	View PDF
2016-12	Oct 27, 2017	990	View PDF
2015-12	Nov 7, 2017	990	View PDF
2015-12	Dec 6, 2016	990	View PDF
...and six more Form 990 PDFs

Financials for Scholarship America

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$425,228	$438,368	-3.0%
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$169,552,137	$171,506,509	-1.1%
<em>Non-cash contributions included in above</em>	$2,656,925	$2,795,265	-4.9%
Total grants, contributions, etc.	$169,977,365	$171,944,877	-1.1%

Field	2018	2017	% Change
Total grants, contributions, etc.	$169,977,365	$171,944,877	-1.1%
Program services	$13,191,477	$13,257,849	-0.5%
Investment income and dividends	$2,649,667	$2,150,558	23.2%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$977,303	$1,982,262	-50.7%
Net income from fundraising events	$-235,928	$-161,228	-46.3%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$199,719	$116,081	72.1%
Total revenues	$186,759,603	$189,290,399	-1.3%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$167,543,142	$167,205,768	0.2%
Grants to govts., orgs., and individuals outside USA	$6,224,490	$6,194,258	0.5%
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$591,281	$555,030	6.5%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$8,505,660	$7,803,335	9.0%
Pension/retirement accruals and contributions	$223,709	$94,325	137.2%
Other employee benefits	$1,121,942	$876,303	28.0%
Payroll taxes	$620,158	$570,506	8.7%
Management fees	$0	$0
Legal fees	$70,744	$119,207	-40.7%
Accounting fees	$69,714	$65,679	6.1%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$106,240	$107,458	-1.1%
Other fee-for-service	$1,382,181	$1,314,364	5.2%
Advertising and promotion	$225,498	$352,566	-36.0%
Office expenses	$476,551	$514,643	-7.4%
Information tech. expenses	$118,444	$175,703	-32.6%
Royalty expenses	$0	$0
Occupancy	$570,470	$538,617	5.9%
Travel	$582,176	$513,854	13.3%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$67,214	$82,588	-18.6%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$674,250	$545,099	23.7%
Insurance	$165,331	$157,160	5.2%
All other expenses	$77,751	$113,322	-31.4%
Total expenses	$189,416,946	$187,899,785	0.8%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$0	$0
Savings, short-term investments, etc.	$23,993,524	$24,268,124	-1.1%
Pledges and grants receivable	$2,245,165	$2,024,861	10.9%
Accounts receivable	$1,681,292	$1,799,308	-6.6%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$330,750	$274,663	20.4%
Buildings, equipment, etc. post-depreciation	$3,718,941	$3,019,368	23.2%
Investments, publicly traded securities	$99,768,761	$109,140,721	-8.6%
Investments, other securities	$4,706,150	$5,956,917	-21.0%
Investments, program-related	$0	$0
Intangible assets	$958,538	$1,162,097	-17.5%
Other assets	$251,853	$251,696	0.1%
Total assets	$137,654,974	$147,897,755	-6.9%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$1,353,706	$1,576,406	-14.1%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$2,469,391	$1,469,391	68.1%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$42,229,468	$44,591,058	-5.3%
Total liabilities	$46,052,565	$47,636,855	-3.3%

Field	2018	2017	% Change
Unrestricted net assets	$9,169,308	$8,472,070	8.2%
Temporarily restricted net assets	$68,740,980	$78,085,063	-12.0%
Permanently restricted net assets	$13,692,121	$13,703,767	-0.1%

Vendors for Scholarship America

Vendor	Services	Date
Microsoft Services	Software	2020-03-17
██████	Fundraising software	2020-03-06
███████ ███ ████	Fundraising software; Payment processing	2020-03-06
█████████	Content management system software	2020-03-06
███████	Marketing software; CRM software; Content management system software	2020-03-06
█████ █████ ███████ ██████ ███	Tax accounting; Audit accounting	2019-12-31
██████ ███████ ████	Insurance	2019-12-31
█████ ██████ ██ █████████	Insurance	2019-12-31
...and 11 more vendors

Personnel at Scholarship America

Name	Title	Compensation	Most recent data
Robert C. Ballard	President and Chief Executive Officer	$308,696	May 21, 2020
Richard S. Rick Greene	Chief Financial Officer	$212,309	May 21, 2020
██████ ████████	Vice President , Operations	$168,024	May 21, 2020
███ ████████	Vice President , Marketing and Brand Strategy	$170,052	May 21, 2020
█████████ ███████	Vice President , Technology Data Privacy Officer / Vice President , It	$165,357	May 21, 2020
██████ ██ █████	Vice President , Development	$172,680	May 21, 2020
███ █████	Vice President, Human Resources and Student Success Programs	-	May 21, 2020
████████ █████	Vice President , Human Resources and Student Success Programs / Vice President Human Resources	$160,608	Dec. 31, 2017
███████ ██████	Vice President , Product Strategy and Partner Solutions	$170,253	Dec. 31, 2018
████ ██████	Vice President , Product Strategy and Partner Solutions / Vice President , Strategic Partnerships and Solutions	$152,429	May 21, 2020
...and 12 more key personnel

Peer scholarship and financial aid organizations

	Name	Type	Revenue	Location
1	ECMC Group	501(c)(3)	$389 million	Minneapolis, MN
2	Florida Parent Network	501(c)(3)	$717 million	Jacksonville, FL
3	Edsouth Services	501(c)(3)	$113 million	Knoxville, TN
4	National Merit Scholarship Corporation (NMSC)	501(c)(3)	$52 million	Evanston, IL
5	Gavi the Vaccine Alliance (GAVI)	501(c)(3)	$708 million	Switzerland,
6	Gordon Research Conferences (GRC)	501(c)(3)	$51 million	West Kingston, RI
7	Rhode Island Community Foundation	501(c)(3)	$109 million	Providence, RI
8	Raymond James Charitable Endowment Fund	501(c)(3)	$201 million	St Petersburg, FL
9	University of Nevada Las Vegas (UNLV)	501(c)(3)	$67 million	Las Vegas, NV
10	North Carolina Partnership for Children	501(c)(3)	$104 million	Raleigh, NC
11	Robin Hood Foundation / Tudor Charitable TR	501(c)(3)	$133 million	New York, NY
12	Golden LEAF Foundation	501(c)(3)	$104 million	Rocky Mount, NC
13	TPF Special Assets Fund	501(c)(3)	$51 million	Philadelphia, PA
14	KU Endowment	501(c)(3)	$317 million	Lawrence, KS
15	Workforce Solutions Greater Dallas	501(c)(3)	$98 million	Dallas, TX
16	Ub Foundation Activities	501(c)(3)	$89 million	Buffalo, NY
17	American Kidney Fund (AKF)	501(c)(3)	$301 million	Rockville, MD
18	Patient Services	501(c)(3)	$71 million	Midlothian, VA
19	California Community Foundation	501(c)(3)	$279 million	Los Angeles, CA
20	County Coordinating Councils on Developmental Disabilities	501(c)(3)	$167 million	Redding, CA
21	Orbis International	501(c)(3)	$245 million	New York, NY
22	Center for Sustainable Energy	501(c)(3)	$239 million	San Diego, CA
23	The Colorado Health Foundation	501(c)(3)	$107 million	Denver, CO
24	Vancouver Foundation	501(c)(3)	$108 million	Canada,
25	Philadelphia Works	501(c)(3)	$55 million	Philadelphia, PA

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Cause IQ organization profile

Scholarship America

Program areas at Scholarship America

Form 990s for Scholarship America

Financials for Scholarship America

Vendors for Scholarship America

Personnel at Scholarship America

Peer scholarship and financial aid organizations

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