Center For Scholarship Administration Inc
- Assets
- $3.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Taylors, SC
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 01-0678956
Organization Overview
Center For Scholarship Administration Inc is located in Taylors, SC. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Scholarship Administration Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Center For Scholarship Administration Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER FOR SCHOLARSHIP ADMINISTRATION (CSA) PROVIDES CORPORATIONS, FOUNDATIONS, TRUST FUNDS, AND INDIVIDUAL PHILANTHROPISTS SCHOLARSHIP SELECTION AND ADMINISTRATION MANAGEMENT THAT IS EXPERIENCED, PROFESSIONAL, AND COST EFFICIENT WHIL LENDING THE PROGRAM AN INTEGRITY NOT INHERENT IN INTERNAL SELECTION COMMITTEES. CURRENTLY, CSA AWARDS OVER 7,000,000 ANNUALLY IN SCHOLARSHIP FUNDS. FUNDS ARE GIVEN FOR SCHOLARSHIPS AND SCHOLARSHIP ENDOWMENT PROGRAMS. RECIPIENTS ARE ATTENDING MORE THAN 1,000 PUBLIC AND PRIVATE COLLEGES AND UNIVERSITIES. CSA AN INDEPENDENT NON-PROFIT SCHOLARSHIP ADMINISTRATIVE SERVICE IN CONJUNCTION WITH LEADING BUSINESSES, INDIVIDUALS, AND TRUSTS AWARDS SCHOLARSHIP DOLLARS EVERY YEAR TO DESERVING STUDENTS. SCHOLARSHIPS ARE AWARDED FOR TUITION, FEES, AND ROOM AND BOARD EXPENSES. THE LARGEST GROWING SINGLE INSTITUTIONAL BUDGET ITEM IS FINANCIAL AID FOR STUDENTS. ESCALATING COSTS ARE KEEPING DESERVING STUDENTS AWAY FROM AN EDUCATION AND DIVERTING THEM INTO THE WORKFORCE U
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Lee Chairman | 8 | $100,547 | |
Allison Lee President | 40 | $219,520 | |
Raymond Brady It Admin | 40 | $126,207 | |
Hanna Hamlin Scholarship | 40 | $81,527 | |
Ellen Holder Scholarship | 40 | $68,957 | |
Elizabeth Pate Scholarship | 40 | $66,367 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,581 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,310,816 |
| Total Revenue | $1,312,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $320,067 |
| Other employee salaries and wages | $407,015 |
| Pension plans, employee benefits | $145,517 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $35,556 |
| Travel, conferences, and meetings | $1,035 |
| Printing and publications | $0 |
| Other expenses | $92,409 |
| Total operating and administrative expenses | $1,013,599 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $1,019,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500,204 |
| Savings and temporary cash investments | $1,354,894 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $155,205 |
| Total assets | $3,010,303 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,764,875 |
| Total liabilities | $1,764,875 |
Grants Awarded
Over the last fiscal year, Center For Scholarship Administration Inc has awarded $6,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON MIRACLE NETWORK PURPOSE: COMMUNITY SUPPORT | $1,000 |
MITCHEL ROAD SPORTS CLUB PURPOSE: COMMUNITY SUPPORT | $5,000 |