Cause IQ organization profile

Scholarship America

Scholarship America is a scholarship organization based in St Peter, MN that was founded in 1961. As of 2017 they had $175 million in revenue and $138 million in assets.

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

EIN:

04-2296967

City:

St Peter

State:

Minnesota

Metro:

Mankato, MN

NTEE:

B82: Scholarship and financial aid organizations

Website:

scholarshipamerica.org

Phone:

(800) 537-4180

Type:

501(c)(3)

Revenue:

$175,608,075

Assets:

$138,143,264

Employees:

192

Fiscal year end:

December

Founded:

1961

Revenue trends:

Asset trends:

Form 990s for Scholarship America

Fiscal year ending	Date received by IRS	Form	PDF link
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
2014-12	Sep 14, 2015	990	View PDF
...and five more Form 990 PDFs

Financials for Scholarship America

Field	2016	2015	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$331,706	$346,835	-4.4%
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$160,893,217	$170,188,435	-5.5%
Non-cash contributions	$159,246	$232,129	-31.4%
Program services	$13,172,333	$12,276,380	7.3%
Investment income and dividends	$2,439,905	$2,694,818	-9.5%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$-1,107,068	$-1,583,017	30.1%
Net income from fundraising events	$-204,643	$-163,699	-25.0%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$82,625	$0	999%
Total revenues	$175,608,075	$183,759,752	-4.4%

Field	2016	2015	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$165,931,721	$175,395,505	-5.4%
Grants to govts., orgs., and individuals outside USA	$5,793,468	$6,179,985	-6.3%
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$517,887	$590,358	-12.3%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$7,225,091	$7,627,738	-5.3%
Pension/retirement accruals and contributions	$0	$69,236	-100%
Other employee benefits	$895,295	$879,026	1.9%
Payroll taxes	$545,898	$595,874	-8.4%
Management fees	$1,022,391	$2,243,653	-54.4%
Legal fees	$133,444	$99,402	34.2%
Accounting fees	$73,303	$60,729	20.7%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$75,096	-100%
Investment mgmt fees	$37,886	$43,646	-13.2%
Other fee-for-service	$0	$0
Advertising and promotion	$410,991	$553,772	-25.8%
Office expenses	$559,465	$787,984	-29.0%
Information tech. expenses	$347,267	$0	999%
Royalty expenses	$0	$0
Occupancy	$502,573	$480,930	4.5%
Travel	$578,036	$514,278	12.4%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$81,200	$102,610	-20.9%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$597,631	$640,022	-6.6%
Insurance	$162,152	$154,955	4.6%
All other expenses	$112,486	$526,709	-78.6%
Total expenses	$185,528,185	$197,621,508	-6.1%

Field	2016	2015	% Change
Cash (non-interest-bearing)	$0	$0
Savings, short-term investments, etc.	$17,581,332	$9,092,872	93.4%
Pledges and grants receivable	$1,947,612	$2,360,006	-17.5%
Accounts receivable	$1,833,252	$1,849,043	-0.9%
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	$385,887	$384,626	0.3%
Buildings, equipment, etc. post-depreciation	$2,436,198	$2,734,375	-10.9%
Investments, publicly traded securities	$106,279,126	$118,862,820	-10.6%
Investments, other securities	$6,064,086	$0	999%
Investments, program-related	$0	$0
Intangible assets	$1,365,655	$1,569,213	-13.0%
Other assets	$250,116	$252,697	-1.0%
Total assets	$138,143,264	$137,105,652	0.8%

Field	2016	2015	% Change
Accounts payable and accrued expenses	$1,333,825	$1,463,323	-8.8%
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	$772,304	$937,745	-17.6%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$41,369,874	$34,974,536	18.3%
Total liabilities	$43,476,003	$37,375,604	16.3%

Field	2016	2015	% Change
Unrestricted net assets	$6,772,995	$4,741,496	42.8%
Temporarily restricted net assets	$74,403,213	$81,521,770	-8.7%
Permanently restricted net assets	$13,491,053	$13,466,782	0.2%

Social media

Facebook

Open ScholarshipAmerica Facebook page

Twitter

Open scholamerica Twitter page

Vendors for Scholarship America

Vendor	Services	Amount paid	Date
Microsoft Services	Software		2018-03-19
█████ █████ ███████ ██████ ███	Tax accounting; Audit accounting		2017-11-07
████ ████████ ███ █████████ ████████	Insurance agent or broker	$22,522	2016-12-31
█████ ██████ ██ █████████	Insurance		2016-12-31
██████ ████████ █████████ ███████	Insurance		2016-12-31
██████ ██████████ ████████ ███	Insurance agent or broker;	$7	2016-12-31
███ █████████ ████████ ███	Insurance agent or broker	$45	2016-12-31
█████████ ████ █████████ ███████	Investment management; Insurance; Contract Administrator, Participant loan processing	$14,020	2016-12-31
...and 10 more vendors

Personnel at Scholarship America

Name	Title	Compensation	Most recent data
Robert C. Bob Ballard	President and Chief Executive Officer	$283,884	June 13, 2019
Richard S. (Rick) Greene	Chief Financial Officer	$206,992	Jan. 8, 2019
██████ ██ ███████	Founder of	-	Aug. 31, 2017
██████ ████████	Vice President , Operations	$119,866	Jan. 10, 2018
███ ████████	Vice President, Marketing and Brand Strategy	-	Jan. 8, 2019
████ ██████	Senior Vice President Marketing and Public	$156,097	Dec. 31, 2016
█████████ ███████	Vice President , It / Vice President , Information Technology	$137,703	Jan. 10, 2018
██████ ██ █████	Vice President, Development	-	Jan. 10, 2019
███ █████	Vice President , Human Resources and Student Success Programs	-	Jan. 10, 2018
████████ █████	Vice President , Human Resources and Student Success Programs / Vice President Human Resources	$160,608	Dec. 31, 2017
...and 12 more key personnel

Peer scholarship and financial aid organizations

	Name	Type	Revenue	Location
1	Florida Parent Network	501(c)(3)	$707 million	Jacksonville, FL
2	Gator Boosters	501(c)(3)	$49 million	Gainesville, FL
3	National Merit Scholarship Corporation	501(c)(3)	$52 million	Evanston, IL
4	Northern State University Foundation	501(c)(3)	$48 million	Aberdeen, SD
5	Texas A & M University 12th Man Foundation	501(c)(3)	$71 million	College Sta, TX
6	Edsouth Services	501(c)(3)	$109 million	Knoxville, TN
7	American Society for Engineering Education	501(c)(3)	$93 million	Washington, DC
8	DonorsChoose org	501(c)(3)	$148 million	New York, NY
9	South Carolina Student Loan Corporation (SCSL)	501(c)(3)	$76 million	Columbia, SC
10	Florida State University Research Foundation (FSURF)	501(c)(3)	$47 million	Tallahassee, FL
11	University of South Carolina Educational Foundation	501(c)(3)	$96 million	Columbia, SC
12	Ku Endowment	501(c)(3)	$194 million	Lawrence, KS
13	Bank of America Charitable Gift Fund	501(c)(3)	$382 million	Providence, RI
14	Tiger Woods Charity Event Corporation	501(c)(3)	$58 million	Irvine, CA
15	USA Funds	501(c)(3)	$354 million	Madison, WI
16	Cambridge in America (CAm)	501(c)(3)	$76 million	New York, NY
17	University of Wisconsin Foundation (UWF)	501(c)(3)	$476 million	Madison, WI
18	Sons of Norway	501(c)(8)	$44 million	Minneapolis, MN
19	The Mastercard Foundation	501(c)(4)	$127 million	Canada,
20	The Minneapolis Foundation	501(c)(3)	$147 million	Minneapolis, MN
21	Second Harvest Heartland	501(c)(3)	$153 million	Maplewood, MN
22	Abeka Academy	501(c)(3)	$96 million	Pensacola, FL
23	Seminole Boosters	501(c)(3)	$57 million	Tallahassee, FL
24	Vitamin Angels	501(c)(3)	$89 million	Santa Barbara, CA
25	The Foundation for Indiana University of Pennsylvania	501(c)(3)	$49 million	Indiana, PA

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