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Education : Scholarship and Financial Support (Grantmaking/Grants Payable)

Scholarship America

We have one passion: Every student.

three stars

87.80

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

Board Leadership
Tina Lee
Chair

CEO
Bob Ballard
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 87.80 three stars
  Financial 82.76 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 02/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Scholarship America is a non-profit organization that helps students fulfill their college dreams. Since 1958, Scholarship America has distributed $4.2 billion to more than 2.5 million students. We work with our partners to lower barriers to a college education and give students the support needed to succeed.

As the largest private scholarship organization in the nation, we are
100% focused on students. On behalf of students everywhere, we serve as a scholarship resource, guiding advocate and driving force for student success.

Scholarship America is a non-profit organization that helps students fulfill their college dreams. Since 1958, Scholarship America has distributed $4.2 billion to more than 2.5 million students. We work with our partners to lower barriers to a college education and give students the support needed to succeed.

As the largest private scholarship organization in the nation, we are
100% focused on students. On behalf of students everywhere, we serve as a scholarship resource, guiding advocate and driving force for student success.

Impact & Results Score

Score
100/100
Program Name: Scholarship Awards and Dollars for Scholars
Program Name: Scholarship Awards and Dollars for Scholars

Note: The Impact & Results score currently has no effect on the nonprofit's Star Rating.

The Impact & Results score is a measure of how well a nonprofit delivers on its stated mission. To issue a score, Charity Navigator estimates the actual impact the nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact. Learn more about our Impact & Results methodology here.

Program Activities
Scholarship America Inc grants scholarships to beneficiaries.
Impact Statement
$3,000 increases income for a scholarship recipient in need by $6,300.
Assessment Benchmark
Impact & Results scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a score of 50.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Scholarship America.
Data Source
Output data collected during the program. Scholarship America Inc publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of September 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

82.76

Accountability & Transparency

four stars

100.00

This rating was published 02/01/2020 and includes data from FY2018, 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)
96.5%
  Administrative Expenses 2.5%
  Fundraising Expenses 0.8%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 0.41
  Program Expenses Growth 0.3%
  Liabilities to Assets 33.4%
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) 87.80 three stars
District of Columbia College Access Program (DC) 91.40 four stars
Arizona Private Education Scholarship Fund (AZ) 96.66 four stars
Foster Care to Success (OH) 89.56 three stars
Scholarship Foundation of St. Louis (MO) 88.47 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $169,552,137
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $425,228
   Related Organizations $0
   Government Grants $0
Total Contributions $169,977,365
   Program Service Revenue $13,191,477
Total Primary Revenue $183,168,842
   Other Revenue $3,590,761
TOTAL REVENUE $186,759,603
   
EXPENSES  
   Program Expenses $181,655,763
   Administrative Expenses $5,747,501
   Fundraising Expenses $2,013,682
TOTAL FUNCTIONAL EXPENSES $189,416,946
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-2,657,343
   
Net Assets $91,602,409

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 $180,217,832 99.2%
Dollars for Scholars $858,890 0.5%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 02/01/2020 87.80 three stars
2017-12 12/01/2018 86.07 three stars
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, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$308,696 0.16% Robert Ballard President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Scholarship America (MN) 87.80 three stars
Carson Scholars Fund (MD) 89.02 three stars
Alliance for Education (WA) 87.19 three stars
Take Stock in Children (FL) 90.41 four stars
Horatio Alger Association of Distinguished Americans (VA) 92.38 four 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

Tina Lee
Chair

CEO

Bob Ballard
President & CEO

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