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Education : Scholarship and Financial Support

Scholarship America

Education makes lives better.

three stars

88.52

7900 International Drive Suite 500
Minneapolis, MN 55425
tel: (800) 537-4180   Web Site
EIN: 04-2296967

Board Leadership
J. Barry Griswell
Chair

CEO
Bob Ballard
President & CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 88.52 three stars
  Financial 83.77 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 02/01/2018 and includes data from FY2016, the most recent 990 received at that time.

Scholarship America is a nonprofit with a mission to mobilize America through scholarships and other educational support to make postsecondary success possible for all. We are working to engage the private sector in programs and policies that advance equity in postsecondary education, helping more students overcome barriers to access, persistence and attainment.

Scholarship America works directly with students, parents, colleges, businesses and communities to help students fulfill their college dreams. Since it was founded in 1958, Scholarship America has distributed $3.9 billion to more than 2.4 million students under the guidance of our nonprofit mission. Scholarship America helps students complete their educational goals by partnering with others to design, manage and deliver the best private scholarship and education support programs in the country.

Scholarship America is a nonprofit with a mission to mobilize America through scholarships and other educational support to make postsecondary success possible for all. We are working to engage the private sector in programs and policies that advance equity in postsecondary education, helping more students overcome barriers to access, persistence and attainment.

Scholarship America works directly with students, parents, colleges, businesses and communities to help students fulfill their college dreams. Since it was founded in 1958, Scholarship America has distributed $3.9 billion to more than 2.4 million students under the guidance of our nonprofit mission. Scholarship America helps students complete their educational goals by partnering with others to design, manage and deliver the best private scholarship and education support programs in the country.

Financial

three stars

83.77

Accountability & Transparency

four stars

100.00

This rating was published 02/01/2018 and includes data from FY2016, 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)
97.0%
  Administrative Expenses 2.0%
  Fundraising Expenses 0.8%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 0.42
  Program Expenses Growth 3.8%
  Liabilities to Assets 31.4%
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) 88.52 three stars
Central Scholarship (MD) 96.95 four stars
Jewish Tuition Organization (AZ) 86.84 three stars
Catholic Schools Foundation (MA) 95.01 four stars
Catholic Education Arizona (AZ) 86.79 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $160,893,217
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $331,706
   Related Organizations $0
   Government Grants $0
Total Contributions $161,224,923
   Program Service Revenue $13,172,333
Total Primary Revenue $174,397,256
   Other Revenue $1,210,819
TOTAL REVENUE $175,608,075
   
EXPENSES  
   Program Expenses $180,327,184
   Administrative Expenses $3,803,613
   Fundraising Expenses $1,397,388
TOTAL FUNCTIONAL EXPENSES $185,528,185
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-9,920,110
   
Net Assets $94,667,261

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 $178,827,971 99.2%
Dollars for Scholars $952,531 0.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-12 02/01/2018 88.52 three stars
2015-12 03/01/2017 90.26 four stars
2014-12 06/01/2016 91.57 four stars
 
CN 2.0
2014-12 12/01/2015 90.26 four stars
2013-06 08/01/2014 89.37 three stars
2012-06 10/01/2013 87.32 three stars
2011-06 08/01/2012 97.88 four stars
2010-06 09/20/2011 97.91 four stars
 
CN 1.0
2010-06 07/01/2011 97.05 four stars
2009-06 10/01/2010 97.16 four stars
2008-06 02/01/2010 99.62 four stars
2007-06 10/01/2008 94.70 four stars
2006-06 03/01/2008 93.04 four stars
2005-06 03/01/2006 99.55 four stars
2004-06 01/01/2006 99.37 four stars
2003-06 05/01/2004 99.65 four stars
2002-06 04/15/2003 97.12 four stars
2001-06 10/15/2002 94.65 four stars

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, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • June, 2013

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).

Compensation % of Expenses Paid to Title
$273,125 0.14% Robert Ballard President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Scholarship America (MN) 88.52 three stars
Student Sponsor Partners (NY) 91.16 four stars
Inner-City Scholarship Fund (NY) 90.11 four stars
Evans Scholars Foundation (IL) 92.20 four stars
Simon Youth Foundation (IN) 85.83 three stars

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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) 537-4180
fax: (952) 830-7300
EIN: 04-2296967

Visit Web Site

Board Leadership

J. Barry Griswell
Chair

CEO

Bob Ballard
President & CEO

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