The Scholarship Plug Inc

Nonprofit profile at a glance

EIN: 872110289
IRS 990-EZ coverage: 2022–2024
Forms available: Form 990-EZ 2024, Form 990-N 2021
Location: Lauderhill, FL, USA
Phone: 9549512175
Rating: 74
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue: $140,341
Expenses: $148,769
Assets: $14,698
Liabilities: $0

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

Leadership & pay

10 people listed

People named in this filing

SHEDLY CASSEUS (CHIEF VISIONARY OFFICER)
CORENA WIGGINS (CHAIR)
CECILE COMRIE (SECRETARY)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Commitment to providing educational supp

What it reported doing in 2024

Breaking cycles & empower futures: connecting students with available scholarships, transform their lives through education by providing workshops, trainings & professional develop

Operating model

Revenue model: Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 96% 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.

The verdict

SUPPORTED - 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: 55
Transparency & Controls: 100
Sustainability: 29
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 55.8%; rating input score 56
Program expense ratio: 52.6%; rating input score 53

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -6%; rating input score 21; 21st percentile among comparable filings
Total-asset coverage ratio: 0.1; rating input score 11; 11th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

Program expense growth: 57% per year; rating input score 100; 93rd percentile among comparable filings
Revenue growth: 99% per year; rating input score 100; 99th percentile among comparable filings
Asset growth: 2.3% per year; rating input score 100; 35th percentile among comparable filings

Details

Where the money goes: 55.8% of revenue deployed · 52.6% of spending went to programs
Governance: Filed governance answers
Accomplishments: 2 filed program accomplishments · $78K in reported program spending
Leadership: top reported pay $0 · 10 people listed
Consistency: 9 of 9 current checks pass
Schedules: 3 filed schedules
Filing history: 3 filing years from 2022 to 2024
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
Related organizations: Filed and resolved organization relationships.
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 — Financial Efficiency: Mission deployment rate scored 56/100.
Review — Financial Efficiency: Program expense ratio scored 53/100.
High — Sustainability: Operating margin scored 21/100.
High — Sustainability: Total-asset coverage ratio scored 11/100.