QUEST SCHOLARS PROGRAM INC

EIN: 943348336 501(c)(3) Education

PALO ALTO, CA

Total Revenue
$11,308,024
Total Expenses
$10,251,525
Total Assets
$21,622,865
Net Assets
$20,951,518
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CA
Principal Officer
ANA ROWENA MALLARI
Phone
6503313280
Tax Period
2023-01-01 to 2023-12-31

QUEST SCHOLARS PROGRAM INC, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $11.3M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $10.3M left a modest 9% surplus.

Mission

LEADERSHIP PROGRAM FOR TALENTED, LOW-INCOME YOUTH PROVIDING ACCESS TO HIGHER EDUCATION AND PROFESSIONAL OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $8,362,787 Revenue: $9,544,174

QUESTBRIDGE CONNECTS HIGH-ACHIEVING STUDENTS FROM LOW-INCOME BACKGROUNDS WITH A THRIVING COMMUNITY AND TRANSFORMATIVE EDUCATIONAL, CAREER, AND LIFE OPPORTUNITIES THAT HELP PROPEL THEM TO LIVES OF...

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QUESTBRIDGE CONNECTS HIGH-ACHIEVING STUDENTS FROM LOW-INCOME BACKGROUNDS WITH A THRIVING COMMUNITY AND TRANSFORMATIVE EDUCATIONAL, CAREER, AND LIFE OPPORTUNITIES THAT HELP PROPEL THEM TO LIVES OF FULFILLMENT, MEANING AND PURPOSE. QUESTBRIDGE PARTNERS WITH LEADING COLLEGES, UNIVERSITIES, CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS TO PROVIDE THOUSANDS OF STUDENTS WITH A SERIES OF OPPORTUNITIES FROM HIGH SCHOOL THROUGH THEIR FIRST JOB. ALL SERVICES ARE OFFERED FREE OF CHARGE TO STUDENTS NATIONWIDE THROUGH A SINGLE ONLINE APPLICATION. IN 2023, OVER 1,000 QUESTBRIDGE APPLICANTS WERE MATCHED WITH FULL SCHOLARSHIPS AND OVER 2,000 ADDITIONAL STUDENTS WERE OFFERED ADMISSION TO ONE OF QUEST'S PARTNER SCHOOLS.

Program 2
Expenses: $227,863 Revenue: $0

QUEST SCHOLARS NETWORK - THE QUEST SCHOLARS NETWORK CONNECTS QUEST SCHOLARS AND ENABLES THEM TO GET INVOLVED WITH OPPORTUNITIES FOR SCHOLARSHIP, LEADERSHIP AND SERVICE. IN 2023, THE PROGRAM SERVED...

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QUEST SCHOLARS NETWORK - THE QUEST SCHOLARS NETWORK CONNECTS QUEST SCHOLARS AND ENABLES THEM TO GET INVOLVED WITH OPPORTUNITIES FOR SCHOLARSHIP, LEADERSHIP AND SERVICE. IN 2023, THE PROGRAM SERVED OVER 5,000 QUEST SCHOLARS AT ONE OF QUEST'S PARTNER COLLEGES. QUEST SCHOLARS SHARE THE EXPERIENCE OF BEING QUESTBRIDGE NATIONAL MATCH FINALISTS WHO CHOSE TO ENROLL AT A QUESTBRIDGE PARTNER COLLEGE.

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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 $1,763,850
Program Service Revenue $9,094,000
Investment Income $450,174
Other Revenue $0
TOTAL REVENUE $11,308,024

Expense Breakdown

Grants Paid $393,040
Salaries & Benefits $6,429,949
Fundraising Expenses $153,530
Program Expenses $8,590,650
Other Expenses $3,428,536
TOTAL EXPENSES $10,251,525

Year-over-Year Comparison

2023 2022 Change
Revenue $11,308,024 $9,373,048 +0.2%
Expenses $10,251,525 $8,434,811 +0.2%
Net Income $1,056,499 $938,237 +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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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
10
Independent Members
8
Employees
60
Volunteers
9

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
$320,000
Total Directors
10
$320,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANA ROWENA MALLARI CEO/BOARD CHAIR 40.00
Officer Director
$320,000 $0 $320,000
MICHAEL MCCULLOUGH PRESIDENT/DIRECTOR 0.30
Officer Director
$0 $0 $0
BILL BRADLEY DIRECTOR 0.25
Director
$0 $0 $0
TIM BRADY DIRECTOR 1.25
Director
$0 $0 $0
FRANK BRUCATO DIRECTOR 1.25
Director
$0 $0 $0
DENMARK WEST DIRECTOR 0.25
Director
$0 $0 $0
DAVID MILLS DIRECTOR 1.25
Director
$0 $0 $0
ISABEL CESANTO SAFIE DIRECTOR 0.25
Director
$0 $0 $0
ROBERT STERNFELS DIRECTOR 0.25
Director
$0 $0 $0
JUAN ENRIQUEZ DIRECTOR 1.25
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 No data No data No data No data
2023 $11,308,024 $10,251,525 $21,622,865 $1,056,499
2022 $9,373,048 $8,434,811 $20,139,220 $938,237
2021 $9,171,706 $6,569,062 $18,833,898 $2,602,644
2020 $7,411,725 $5,228,505 $17,284,605 $2,183,220
2019 $6,122,870 $8,115,878 $14,813,349 $-1,993,008
2018 $5,911,026 $5,576,364 $16,576,789 $334,662
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