SCHOLARSHIPS FOR KIDS INC

EIN: 462286764 501(c)(3) Education

BIRMINGHAM, AL

Total Revenue
$27,312,282
Total Expenses
$18,553,112
Total Assets
$41,932,277
Net Assets
$41,836,623
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AL
Principal Officer
STEPHEN BRIDGERS
Phone
2054809997
Tax Period
2023-01-01 to 2023-12-31

SCHOLARSHIPS FOR KIDS INC, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2020. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $13.0M left a modest 7% surplus.

Mission

OUR MISSION IS TO SUPPORT EDUCATION AND EDUCATIONAL OPPORTUNITIES. WE PROVIDE SCHOLARSHIPS TO CHILDREN FROM LOWER INCOME FAMILIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENT'S CHOICE. WE EMPHASIZE THE IMPORTANCE OF PARENTS INVESTING THEIR TIME, TALENT AND RESOURCES IN THEIR CHILDREN'S SCHOOL COMMUNITY. WE SUPPORT SCHOOLS THAT PROMOTE ACADEMIC EXCELLENCE AND PRIORITIZE CHARACTER DEVELOPMENT. SCHOLARSHIPS FOR KIDS AT ALL TIMES SEEKS TO OPERATE IN AN EFFECTIVE, EFFICIENT AND ETHICAL MANNER.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $26,318,338
Program Service Revenue $0
Investment Income $993,944
Other Revenue $0
TOTAL REVENUE $27,312,282

Expense Breakdown

Grants Paid $17,750,356
Salaries & Benefits $282,717
Fundraising Expenses $0
Program Expenses $18,436,509
Other Expenses $520,039
TOTAL EXPENSES $18,553,112

Year-over-Year Comparison

2023 2022 Change
Revenue $27,312,282 $25,068,180 +0.1%
Expenses $18,553,112 $13,759,401 +0.3%
Net Income $8,759,170 $11,308,779 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
N/A

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
3
$157,375
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE FLINK DIRECTOR 1.00
Director
$0 $0 $0
BRIAN CHRISTINE MD DIRECTOR 1.00
Director
$0 $0 $0
THOMAS H BRIGHAM JR DIRECTOR 1.00
Director
$0 $0 $0
JOEL DAVIS CHAIRMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
KELLIE HOPE TREASURER 1.00
Officer Director
$0 $0 $0
ADAM WEST DIRECTOR 1.00
Director
$0 $0 $0
GRANT MORGAN DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN BRIDGERS EXECUTIVE DIRECTOR 40.00
Officer
$157,375 $0 $157,375
LITASHA STEELE DIRECTOR OF SCHOOL RELATIONS 40.00
Highest
$101,333 $0 $101,333
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 No data No data No data No data
2023 $27,312,282 $18,553,112 $41,932,277 $8,759,170
2022 $25,068,180 $13,759,401 $33,092,849 $11,308,779
2021 $14,541,038 $11,277,827 $21,791,162 $3,263,211
2020 $14,006,472 $12,997,450 $18,620,434 $1,009,022
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