Scholarships Incorporated

Nonprofit profile at a glance

EIN
946109114
IRS 990-EZ coverage
2018–2019
Forms available
Form 990-EZ 2019
Location
Hayward, CA, USA
Phone
5102766080
Rating
50
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$116,292
Expenses
$62,189
Assets
$119,810

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Heidi Louwaert (President)
  • Marilyn Gise (Vice President)
  • Linda Hendley (Vice President)
  • Diane Balloue (Vice President)
  • Gloria Griswold (Vice President)

People named in this filing

  • Heidi Louwaert (President)
  • Marilyn Gise (Vice President)
  • Linda Hendley (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Organization's primary exempt purpose is to assist youth by granting scholarships for higher education.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 3
  • Transparency & Controls: 100
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 2.3%; rating input score 2
  • Program expense ratio: 4.2%; rating input score 4

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 46.5%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 1.93; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 41% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 44.3% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 58.3% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 2.3% of revenue deployed · 4.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2018 to 2019
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 2/100.
  • High — Financial Efficiency: Program expense ratio scored 4/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.