SCHOLARMATCH INC

EIN: 454985621 501(c)(3) Education

SAN FRANCISCO, CA

Total Revenue
$3,990,444
Total Expenses
$4,414,262
Total Assets
$6,518,604
Net Assets
$6,372,771
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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
STEVE BENNET
Phone
4152371792
Tax Period
2024-10-01 to 2025-09-30

SCHOLARMATCH INC, founded in 2012, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2024. Expenses of $4.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

SCHOLARMATCH'S MISSION IS TO SUPPORT UNDERSERVED FIRST-GENERATION COLLEGE STUDENTS FROM LOW-INCOME BACKGROUNDS TO EARN A BACHELOR'S DEGREE WITHIN FIVE YEARS, PROVIDING VIRTUAL INDIVIDUALIZED ADVISING, TARGETED FINANCIAL SUPPORT, AND CAREER MENTORING FROM HIGH SCHOOL THROUGH COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $1,796,272

DESTINED FOR COLLEGE (COLLEGE ACCESS): OUR DESTINED FOR COLLEGE PROGRAM PROVIDES COLLEGE ACCESS COUNSELING TO 1,058 LOW-INCOME HIGH SCHOOL STUDENTS APPLYING TO COLLEGE. STARTING THE SPRING OF THEIR...

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DESTINED FOR COLLEGE (COLLEGE ACCESS): OUR DESTINED FOR COLLEGE PROGRAM PROVIDES COLLEGE ACCESS COUNSELING TO 1,058 LOW-INCOME HIGH SCHOOL STUDENTS APPLYING TO COLLEGE. STARTING THE SPRING OF THEIR JUNIOR YEAR OF HIGH SCHOOL, SCHOLARMATCH STUDENTS ARE MATCHED WITH A VOLUNTEER COLLEGE COACH WHO WORKS 1:1 WITH THEM FOR A FULL YEAR. VOLUNTEER COACHES RECEIVE ROBUST TRAINING FROM SCHOLARMATCH AND SUPPORT STUDENTS THROUGH ALL ASPECTS OF THE COLLEGE APPLICATION PROCESS - FROM CHOOSING WHERE TO APPLY, TO WRITING PERSONAL STATEMENTS, TO EVALUATING FINANCIAL AID. STUDENTS ALSO RECEIVE ACCESS TO COLLEGE ACCESS WORKSHOPS, AND OTHER COMMUNITY RESOURCES DESIGNED SPECIFICALLY FOR LOW-INCOME AND FIRST-GENERATION STUDENTS. ON AVERAGE OUR STUDENTS SUBMIT 6 COLLEGE APPLICATIONS AND HAVE 100% COLLEGE ACCEPTANCE RATE.

Program 2
Expenses: $1,271,663

SCHOLARS PROGRAM (COLLEGE SUCCESS): STUDENTS WHO SUCCESSFULLY COMPLETE THE DESTINED FOR COLLEGE PROGRAM BECOME ELIGIBLE TO APPLY TO THE SCHOLARS PROGRAM, WHICH CURRENTLY SERVES 246 STUDENTS...

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SCHOLARS PROGRAM (COLLEGE SUCCESS): STUDENTS WHO SUCCESSFULLY COMPLETE THE DESTINED FOR COLLEGE PROGRAM BECOME ELIGIBLE TO APPLY TO THE SCHOLARS PROGRAM, WHICH CURRENTLY SERVES 246 STUDENTS. SCHOLARMATCH SCHOLARS ARE MATCHED WITH A PROFESSIONAL COLLEGE ADVISOR ON STAFF WHO PROVIDES YEAR-ROUND ADVISING AND WILL RECEIVE UP TO $25,000 IN TARGETED FINANCIAL SUPPORT, INCLUDING STUDENT LOAN REPAYMENT, EMERGENCY FUNDS, AND MORE. A TOTAL OF $1,271,663 WAS PROVIDED IN SCHOLARSHIPS THIS YEAR. STUDENTS ALSO PARTICIPATE IN WORKSHOPS TO SUPPORT THEIR WELLBEING, ACADEMIC PERFORMANCE, AND CAREER READINESS, AND MAY REQUEST TO BE MATCHED TO A VOLUNTEER CAREER COACH AS THEY CONTINUE THROUGH COLLEGE. 98% OF OUR SCHOLARS PERSIST ACROSS MULTIPLE YEARS AND 80% OF OUR STUDENTS IN THE FULL SCHOLARMATCH PROGRAM GRADUATE WITHIN FIVE YEARS. THE AVERAGE GPA OF OUR SCHOLARS IS 3.31.

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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 $3,819,362
Program Service Revenue $0
Investment Income $190,694
Other Revenue $-19,612
TOTAL REVENUE $3,990,444

Expense Breakdown

Grants Paid $1,271,663
Salaries & Benefits $2,415,536
Fundraising Expenses $705,717
Program Expenses $3,067,935
Other Expenses $727,063
TOTAL EXPENSES $4,414,262

Year-over-Year Comparison

2024 2023 Change
Revenue $3,990,444 $4,078,522 0.0%
Expenses $4,414,262 $3,895,947 +0.1%
Net Income $-423,818 $182,575 -3.3%
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
14
Independent Members
14
Employees
29
Volunteers
540

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
5
$222,793
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN GRACE-BAKER CHAIR 3.00
Officer Director
$0 $0 $0
LUZ GOMEZ VICE CHAIR 1.00
Officer Director
$0 $0 $0
ALICIA PERLA JD SECRETARY 1.00
Officer Director
$0 $0 $0
AYANDA MAGWAZA CPA TREASURER 1.00
Officer Director
$0 $0 $0
STEVE BENNET DIRECTOR 0.80
Director
$0 $0 $0
PAIGE DELACEY DIRECTOR 0.80
Director
$0 $0 $0
NEHA GUPTA ESQ DIRECTOR 0.80
Director
$0 $0 $0
DR JULIE HUANG DIRECTOR 0.80
Director
$0 $0 $0
ISAAC Y KIM DIRECTOR 0.80
Director
$0 $0 $0
DR TERRANCE MAYES DIRECTOR 0.80
Director
$0 $0 $0
JOSE MARTINEZ DIRECTOR (UNTIL 02/2025) 0.80
Director
$0 $0 $0
DR HEATHER MCCARTY DIRECTOR 0.80
Director
$0 $0 $0
ESTEBAN RODRIGUEZ ESQ DIRECTOR 0.80
Director
$0 $0 $0
DR GOURJOINE M WADE DIRECTOR 0.80
Director
$0 $0 $0
BRANDON WONG DIRECTOR 0.80
Director
$0 $0 $0
KARLA SALAZAR EXECUTIVE DIRECTOR 40.00
Officer
$199,878 $22,915 $222,793
MARY PHAM DIRECTOR OF HUMAN RESOURCES 40.00
Highest
$132,986 $12,662 $145,648
DEVON WESSMAN-SMERDON MOORE SR. DIR. OF PROGRAMS AND COMPLIANCE 40.00
Highest
$129,327 $5,681 $135,008
JULIE ANGULO DIRECTOR OF ADVANCEMENT 40.00
Highest
$140,401 $21,457 $161,858
LISA LOPEZ DIRECTOR OF COLLEGE ACCESS 40.00
Highest
$109,775 $12,950 $122,725
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 $3,990,444 $4,414,262 $6,518,604 $-423,818
2024 $4,078,522 $3,895,947 $7,156,890 $182,575
2023 $4,434,883 $2,993,103 $6,742,763 $1,441,780
2022 $3,582,533 $3,399,629 $5,261,004 $182,904
2022 $3,582,533 $3,399,629 $5,261,004 $182,904
2021 $2,786,437 $4,795,413 $5,074,760 $-2,008,976
2020 $9,012,178 $4,665,189 $7,645,079 $4,346,989
2019 $3,822,021 $3,616,689 $2,757,702 $205,332
2018 $3,167,468 $2,616,422 $2,515,326 $551,046
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