THE SCHOLARSHIP ACADEMY INC

EIN: 203721836 501(c)(3) Education

ATLANTA, GA

Total Revenue
$1,561,755
Total Expenses
$1,018,868
Total Assets
$1,239,117
Net Assets
$888,791
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
GA
Phone
4703751732
Tax Period
2023-09-01 to 2024-08-31

THE SCHOLARSHIP ACADEMY INC, founded in 2006, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $543K, a strong 35% operating margin.

Mission

The Scholarship Academy, Inc. (the Academy), founded in 2006, is a private District of Columbia nonprofit corporation dedicated to helping lowincome students secure resources to pursue higher education opportunities with minimum debt to create healthier financial aid cultures. The Academy offers a 16-module course to high schools and youth-serving organizations to support students with navigating the financial aid process.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,450,279
Program Service Revenue $111,476
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,561,755

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $669,809
Fundraising Expenses $74,087
Program Expenses $828,731
Other Expenses $348,059
TOTAL EXPENSES $1,018,868

Year-over-Year Comparison

2023 2022 Change
Revenue $1,561,755 $935,179 +0.7%
Expenses $1,018,868 $997,597 +0.0%
Net Income $542,887 $-62,418 -9.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
33
Volunteers
50

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
9
$121,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA JOHNSON Executive Dir. 40.00
Director
$121,000 $0 $121,000
MARC HARDY Chairman 5.00
Officer Director
$0 $0 $0
STACEY MITCHENER Director 2.00
Director
$0 $0 $0
NECOLLE ROBINSON Director 2.00
Director
$0 $0 $0
CALVIN WARD Director 2.00
Director
$0 $0 $0
VINCENT BASKERVILLE Director 2.00
Director
$0 $0 $0
KEVIN ARTIS JR Secretary 3.00
Officer Director
$0 $0 $0
LYDIA SERMONS WARD Director 2.00
Director
$0 $0 $0
LISA LOCKMAN Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,561,755 $1,018,868 $1,239,117 $542,887
2023 $857,857 $992,446 $519,500 $-134,589
2023 $935,179 $997,597 $761,429 $-62,418
2022 $951,016 $603,624 $627,857 $347,392
2021 $539,902 $420,373 $381,995 $119,529
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