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Education : Scholarship and Financial Support (Fundraising)

Scholarship America

Because college doesn't happen by chance

91.57

7900 International Drive Suite 500
Minneapolis, MN 55425
tel: (800) 279-2083   Web Site
EIN: 04-2296967

Board Leadership
Michael Ryan
Chair

CEO
Bob Ballard
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 91.57
  Financial 88.77
  Accountability & Transparency 96.00
This rating was published 06/01/2016 and includes data from FY2014, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

88.77

Accountability & Transparency

96.00

This rating was published 06/01/2016 and includes data from FY2014, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity’s total expenses spent on the programs
and services it delivers)
96.8%
  Administrative Expenses 2.1%
  Fundraising Expenses 0.9%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 0.60
  Program Expenses Growth 3.8%
  Liabilities to Assets 30.9%
All data for Financial Performance Metrics calculations was provided by Scholarship America on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Scholarship America on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Scholarship America (MN) 91.57
Central Scholarship (MD) 93.24
Great Aspirations Scholarship Program (VA) 92.21
The BISON Children's Scholarship Fund (NY) 94.28
The Posse Foundation (NY) 91.45

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Most Viewed

Charity Name & State Overall Score Overall Rating
Scholarship America (MN) 91.57
American Indian College Fund (CO) 90.17
Special Operations Warrior Foundation (FL) 96.46
Step Up For Students (FL) 100.00
UNCF (DC) 90.47

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Founded in 1958, Scholarship America has distributed more than two billion dollars to nearly two million students. Scholarship America is the nation's largest private scholarship and educational support organization. Our mission is to mobilize America, through scholarships and educational support, to make postsecondary education possible for all students. Scholarship America programs include Dollars for Scholars, Scholarship Management Services, and ScholarShop, and special initiatives include the Families of Freedom Scholarship Fund, the Learning Communities Initiative, and the Dreamkeepers Emergency Financial Aid program.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $156,641,050
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $269,200
   Related Organizations $0
   Government Grants $0
Total Contributions $156,910,250
   Program Service Revenue $14,142,679
Total Primary Revenue $171,052,929
   Other Revenue $11,812,374
TOTAL REVENUE $182,865,303
   
EXPENSES  
   Program Expenses $179,724,869
   Administrative Expenses $3,994,201
   Fundraising Expenses $2,091,837
TOTAL FUNCTIONAL EXPENSES $185,810,907
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-2,945,604
   
Net Assets $118,931,273

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarship Management Services $177,568,150 98.8%
Dollars for Scholars $1,118,073 0.6%
Dreamkeepers $299,150 0.2%
Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2014-12 06/01/2016 91.57
 
CN 2.0
2014-12 12/01/2015 90.26
2013-06 08/01/2014 89.37
2012-06 10/01/2013 87.32
2011-06 08/01/2012 97.88
2010-06 09/20/2011 97.91
 
CN 1.0
2010-06 07/01/2011 97.05
2009-06 10/01/2010 97.16
2008-06 02/01/2010 99.62
2007-06 10/01/2008 94.70
2006-06 03/01/2008 93.04
2005-06 03/01/2006 99.55
2004-06 01/01/2006 99.37
2003-06 05/01/2004 99.65
2002-06 04/15/2003 97.12
2001-06 10/15/2002 94.65

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 04-2296967
Name in IRS Master File SCHOLARSHIP AMERICA INC
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Central - the organization is a parent (group ruling) and is not a church or 501(c)(1) organization.
Group Name SCHOLARSHIP AMERICA INC
Ruling Date April, 1962
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2014
  • December, 2013
  • June, 2013
  • June, 2012
  • June, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
$281,300 0.15% Lauren A. Segal President, CEO

Founded in 1958, Scholarship America has distributed more than two billion dollars to nearly two million students. Scholarship America is the nation's largest private scholarship and educational support organization. Our mission is to mobilize America, through scholarships and educational support, to make postsecondary education possible for all students. Scholarship America programs include Dollars for Scholars, Scholarship Management Services, and ScholarShop, and special initiatives include the Families of Freedom Scholarship Fund, the Learning Communities Initiative, and the Dreamkeepers Emergency Financial Aid program.

Highly Rated

Charity Name & State Overall Score Overall Rating
Scholarship America (MN) 91.57
Arizona Private Education Scholarship Fund (AZ) 93.91
I Have A Dream Foundation - Los Angeles (CA) 87.55
Institute for Educational Advancement (CA) 92.22
Step Up For Students (FL) 100.00

Compare These Charities (Highly Rated)

Most Viewed

Charity Name & State Overall Score Overall Rating
Scholarship America (MN) 91.57
American Indian College Fund (CO) 90.17
Special Operations Warrior Foundation (FL) 96.46
Step Up For Students (FL) 100.00
UNCF (DC) 90.47

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Scholarship America
7900 International Drive
Suite 500
Minneapolis, MN 55425
tel: (800) 279-2083
fax: (952) 830-7300
EIN: 04-2296967

Visit Web Site

Board Leadership

Michael Ryan
Chair

CEO

Bob Ballard
President & CEO

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