Scholarship America Inc
Nonprofit profile at a glance
- EIN
- 237039405
- IRS 990 coverage
- 2014–2025
- Forms available
- Form 990 2025
- Location
- Minneapolis, MN, USA
- Phone
- 9528307396
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $52,398,511
- Expenses
- $31,849,898
- Assets
- $312,236,601
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- SEE (SCHEDULE O)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
(see schedule o)
What it reported doing in 2025
Scholarship america dollars for scholars affiliates are a national network of community-based, volunteer-operated scholarship foundations in cities, towns, and neighborhoods throughout the united states of america. The affiliates provide an effective way for communities to work together on a local level to provide financial support through scholarships, as well as academic support, and thereby assist local students in achieving their educational goals.in 2025 there were 424 affiliates operating in 29 states and the district of columbia. Nearly 9,600 volunteers staff their efforts. The volunteers are given training to raise scholarship money, as well as provide academic support to local students. Last year, dollars for scholars raised over $65.6 million for current and endowed scholarships; they awarded over $29.7 million with the balance going to endowments and future scholarships. Scholarships were given to more than 18,200 students.since its inception in 1958, scholarship america's dollars for scholars affiliates have distributed over $865.7 million to 977,408 students. Dollars for scholars affiliates not only provide financial support, they also provide academic support to students in order to prepare them for postsecondary education. Academic support programs include dollars for scholars volunteers who assist in schools, who mentor students, who provide career planning and who assist students evaluate their college and vocational school opportunities. These services combined with funds mean access for more students, who are better able to benefit from the opportunities available to them, and who are aware of what those opportunities can be.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
- 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. Some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 94
- Accountability: 84
- Sustainability: 91
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.6%; rating input score 69
- Program expense ratio: 89.1%; rating input score 89
- Fundraising efficiency: $73.1 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.8%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.2%; rating input score 93; 25th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 39.2%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 9.8; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 97; 97th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 5.7% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 68.6% of revenue deployed · 89.1% of spending went to programs
- Governance: 3471 of 3723 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $28.4M in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Money network: 114 filed money-flow records
- Related organizations: 15 filed related-organization links
- 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.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.