SCHOLARSHIP AMERICA INC

EIN: 237039405 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$42,758,638
Total Expenses
$29,330,151
Total Assets
$277,252,707
Net Assets
$277,252,707
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
MA
Principal Officer
MICHAEL NYLUND
Phone
9528307396
Tax Period
2024-01-01 to 2024-12-31

SCHOLARSHIP AMERICA INC, founded in 1961, is a mid-sized nonprofit in the Education sector that reported $42.8M in total revenue in fiscal year 2024. The organization ran a surplus of $13.4M, a strong 31% operating margin.

Mission

BELLE PLAINE DOLLARS FOR SCHOLARS - NICOLE GIESEN (BOOKS IN CARE OF/GAMING MANAGER), BOARD MEMBER, NO COMPENSATION 904 RIVERVIEW LANE, BELLE PLAINE, MN 56011 BURLINGTON COMMUNITY SCHOLARSHIP-FOUNDATION DOLLARS FOR SCHOLARS - JACK FERREN (BOOKS IN CARE OF/GAMING MANAGER), BOARD MEMBER, NO COMPENSATION 37 LANTERN LANE, BURLINGTON, MA 01803 FALL RIVER DOLLARS FOR SCHOLARS - FILOMENA LOPES/JASMINE PEREIRA (BOOKS IN CARE OF/GAMING MANAGER), BOARD MEMBER, NO COMPENSATION 330 SWANSEN MALL DR, MA, 02777 HATTON AREA DOLLARS FOR SCHOLARS - ANN ERICKSON (BOOKS IN CARE OF/GAMING MANAGER), BOARD MEMBER, NO COMPENSATION 14341 13TH ST NE, HATTON, ND 58240 HEBRON AREA DOLLARS FOR SCHOLARS - KRISTI KRAENZEL (BOOKS IN CARE OF)/ STEVEN MAERSHBECKER (GAMING MANAGER), BOARD MEMBER, NO COMPENSATION 3230 78TH AVE, HEBRON, ND 58638 NORMAN COUNTY EAST DOLLARS FOR SCHOLARS - LUANN BERG (BOOKS IN CARE OF/GAMING MANAGER), BOARD MEMBER - NO COMPENSATION 3530 COUNTY HWY 27, TWIN VALLEY, MN 56584 ST. JOSEPH AREA DOLLARS FOR SCHOLARS - SCOTT BLOCK (BOOKS IN CARE OF/GAMING MANAGER), INDEPENDENT CONTRACTOR - NO COMPENSATION ST. JOSEPH LIONS CO RD 121 ST. JOSEPH, MN 56374 STAPLES AND MOTLEY DOLLARS FOR SCHOLARS - LISA GIZA (BOOKS IN CARE OF) & BRYAN WINKELS (GAMING MANAGER), BOARD MEMBER - NO COMPENSATION PO BOX 182, STAPLES, MN 56429 SWANVILLE DOLLARS FOR SCHOLARS - RTO CERTIFIED PUBLIC ACCOUNTANTS (BOOKS IN CARE OF)/MARY KOETTER (GAMING MANAGER), BOARD MEMBER, NO COMPENSATION 16403 HAVEN RD, LITTLE FALLS, MN 56345 SWEET HOME DOLLARS FOR SCHOLARS - DONALD FELDMAN (BOOKS IN CARE OF/GAMING MANAGER), BOARD MEMEBER - NO COMPENSATION 1901 SWEET HOME RD, AMHEST, NY 14228

Program Service Accomplishments

Program 1
Expenses: $26,316,796

SCHOLARSHIP AMERICA DOLLARS FOR SCHOLARS AFFILIATES ARE A NATIONAL NETWORK OF COMMUNITY-BASED, VOLUNTEER-OPERATED SCHOLARSHIP FOUNDATIONS IN CITIES, TOWNS, AND NEIGHBORHOODS THROUGHOUT THE UNITED...

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SCHOLARSHIP AMERICA DOLLARS FOR SCHOLARS AFFILIATES ARE A NATIONAL NETWORK OF COMMUNITY-BASED, VOLUNTEER-OPERATED SCHOLARSHIP FOUNDATIONS IN CITIES, TOWNS, AND NEIGHBORHOODS THROUGHOUT THE UNITED STATES OF AMERICA. THE AFFILIATES PROVIDE AN EFFECTIVE WAY FOR COMMUNITIES TO WORK TOGETHER ON A LOCAL LEVEL TO PROVIDE FINANCIAL SUPPORT THROUGH SCHOLARSHIPS, AS WELL AS ACADEMIC SUPPORT, AND THEREBY ASSIST LOCAL STUDENTS IN ACHIEVING THEIR EDUCATIONAL GOALS.IN 2024 THERE WERE 403 AFFILIATES OPERATING IN 30 STATES AND THE DISTRICT OF COLUMBIA. APPROXIMATELY 9,500 VOLUNTEERS STAFF THEIR EFFORTS. THE VOLUNTEERS ARE GIVEN TRAINING TO RAISE SCHOLARSHIP MONEY, AS WELL AS PROVIDE ACADEMIC SUPPORT TO LOCAL STUDENTS. LAST YEAR, DOLLARS FOR SCHOLARS RAISED OVER $46.6 MILLION FOR CURRENT AND ENDOWED SCHOLARSHIPS; THEY AWARDED OVER $25 MILLION WITH THE BALANCE GOING TO ENDOWMENTS AND FUTURE SCHOLARSHIPS. SCHOLARSHIPS WERE GIVEN TO MORE THAN 16,100 STUDENTS.SINCE ITS INCEPTION IN 1958, SCHOLARSHIP AMERICA'S DOLLARS FOR SCHOLARS AFFILIATES HAVE DISTRIBUTED OVER $836.4 MILLION TO 959,201 STUDENTS. DOLLARS FOR SCHOLARS AFFILIATES NOT ONLY PROVIDE FINANCIAL SUPPORT, THEY ALSO PROVIDE ACADEMIC SUPPORT TO STUDENTS IN ORDER TO PREPARE THEM FOR POSTSECONDARY EDUCATION. ACADEMIC SUPPORT PROGRAMS INCLUDE DOLLARS FOR SCHOLARS VOLUNTEERS WHO ASSIST IN SCHOOLS, WHO MENTOR STUDENTS, WHO PROVIDE CAREER PLANNING AND WHO ASSIST STUDENTS EVALUATE THEIR COLLEGE AND VOCATIONAL SCHOOL OPPORTUNITIES. THESE SERVICES COMBINED WITH FUNDS MEAN ACCESS FOR MORE STUDENTS, WHO ARE BETTER ABLE TO BENEFIT FROM THE OPPORTUNITIES AVAILABLE TO THEM, AND WHO ARE AWARE OF WHAT THOSE OPPORTUNITIES CAN BE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $27,859,977
Program Service Revenue $0
Investment Income $12,441,084
Other Revenue $2,457,577
TOTAL REVENUE $42,758,638

Expense Breakdown

Grants Paid $25,753,219
Salaries & Benefits $0
Fundraising Expenses $435,431
Program Expenses $26,316,796
Other Expenses $3,553,333
TOTAL EXPENSES $29,330,151

Year-over-Year Comparison

2024 2023 Change
Revenue $42,758,638 $40,074,677 +0.1%
Expenses $29,330,151 $27,906,725 +0.1%
Net Income $13,428,487 $12,167,952 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3739
Independent Members
3317
Employees
8
Volunteers
9500

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEE SCHEDULE O 0.00
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
2024 $42,758,638 $29,330,151 $277,252,707 $13,428,487
2023 $40,074,677 $27,906,725 $253,059,625 $12,167,952
2022 $29,151,786 $25,702,075 $229,703,495 $3,449,711
2021 $45,248,225 $25,700,308 $246,361,861 $19,547,917
2020 $29,933,482 $23,114,305 $219,130,905 $6,819,177
2019 $34,220,842 $22,499,331 $206,987,645 $11,721,511
2018 $28,182,470 $22,011,358 $184,732,604 $6,171,112
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