Scholarshot
- Assets
- $532.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Dallas, TX
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 27-0232250
Organization Overview
Scholarshot is located in Dallas, TX. The organization was established in 2010. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Scholarshot employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholarshot 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 12/2021, Scholarshot generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 17.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MENTORING, TRAINING, TUTORING AND FINANCIAL ASSISTANCE TO DISADVANTAGED STUDENTS IN ORDER FOR THOSE STUDENTS TO PURSUE HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MENTORING, TRAINING, TUTORING AND FINANCIAL ASSISTANCE FOR DISADVANTAGED STUDENTS IN ORDER FOR THOSE STUDENTS TO PURSUE HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Hooper Executive Director | OfficerTrustee | 40 | $185,000 |
Bob Mccamey Vice Chair | OfficerTrustee | 1 | $0 |
George Morgan Treasurer | OfficerTrustee | 1 | $0 |
Jim Wills Board Chair | OfficerTrustee | 1 | $0 |
Cliff Braly Finance | Trustee | 1 | $0 |
Isabel Brown Finance | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,259,565 |
| Noncash contributions included in lines 1a–1f | $26,292 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,259,565 |
| Total Program Service Revenue | $0 |
| Investment income | $239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,259,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $418,452 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $185,000 |
| Compensation of current officers, directors, key employees. | $46,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $348,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,908 |
| Payroll taxes | $39,985 |
| Fees for services: Management | $2,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,551 |
| Advertising and promotion | $0 |
| Office expenses | $48,411 |
| Information technology | $57,989 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,830 |
| All other expenses | $62 |
| Total functional expenses | $1,209,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $532,114 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $103 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $532,217 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $3,451 |
| Total liabilities | $153,451 |
| Net assets without donor restrictions | $378,766 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $532,217 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scholarshot has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Addy Foundation Dallas, TX PURPOSE: EDUCATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genesys Works Group Return Houston, TX | $10,607,341 | $22,553,959 |
Families & Children Together Inc El Dorado, AR | $3,440,326 | $10,725,537 |
Vilcap Inc Houston, TX | $5,374,554 | $9,179,521 |
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Brent House Corporation New Orleans, LA | $2,513,163 | $4,974,916 |
Alternative Building Concepts Group Garland, TX | $15,770,911 | $6,819,117 |
Sheltering Harbour Houston, TX | $3,221,749 | $5,825,428 |
Pwa Coalition Of Dallas Inc Dallas, TX | $14,827,763 | $6,751,009 |
Girl Scouts - Diamonds Of Arkansas Oklahoma And Texas Little Rock, AR | $7,427,624 | $5,269,296 |
Wildearth Guardians Santa Fe, NM | $5,297,643 | $4,580,150 |