Alexander Hamilton Scholars

Nonprofit profile at a glance

EIN
342011733
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Seattle, WA, USA
Phone
2067740764
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$602,361
Expenses
$579,217
Assets
$295,928
Liabilities
$17,393

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • ARTHUR HOLLINGSWORTH (PRESIDENT)

Highest reported compensation

  • ANGELA HEDWALL (EXECUTIVE DI): $116,200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To build tomorrow's leaders and close the opportunity gap, as inspired by alexander hamilton's legacy of leadership through service. The organization empowers high-achieving, underserved students to succeed in college and career.

What it reported doing in 2024

Expenses: 0 including grants of: 0 revenue: 0 description: year 4&5. The career readiness and career transition curriculum becomes much more individualized, designed to meet each scholar where they are at in their specific college and career path. Conference calls focus on preparing for post undergraduate life, like graduate school, negotiating a compensation package, creating a personal brand, and processing current events with historical context. Through our vast professional network and internship program, we are able to accomplish the ultimate goal of these final two years of the program, providing scholars with career exposure and helping them build a professional network and leverage social capital. Expenses: 0 including grants of: 0 revenue: 0 description: independent internship scholarship. This significant component of our program is available to all hamilton scholars. We offer a summer internship in our office and have partnerships with various companies and organizations that give our scholars priority. With the skills, tools, and guidance we provide, scholars are empowered to find and strive for opportunities outside of our offerings as well. Many career advancement opportunities are unpaid or underfunded. Our independent internship scholarship provides funding to make these experiences possible for our scholars. We are always looking for ways to expand this program through partnerships and direct funding. Expenses: 376,463 including grants of: 0 revenue: 0 description: general programs helps the support of the ongoing efforts to identify young americans for their leadership abilities, academic achievements, and passion for public service. Throughout this program, we believe that we can help them reach their highest personal and career goals. Expenses: 35,499 including grants of: 0 revenue: 0 description: application and awards. To recognize high school students for their academic, personal, service and entrepreneurial achievements and to select students for the hamilton leaders academy. This recognition is in the form of a cash scholarship, award certificates, bio-sketches of winners appear on the ahs website and news releases are sent to city, state, and federal elected officials as well as local newspapers.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.8%; rating input score 82
  • Program expense ratio: 84.9%; rating input score 85
  • Fundraising efficiency: $11.05 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.8%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 20.1%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 7.2% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 12.6% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 81.8% of revenue deployed · 84.9% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $492K in reported program spending
  • Leadership: top reported pay $116K · 9 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.