Scholarship America Inc

Organization Overview

Scholarship America Inc is located in Pipestone, MN. The organization was established in 1967. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Scholarship America 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 12/2016, Scholarship America Inc generated $45.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (37.6%) each year. All expenses for the organization totaled $145.6k during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2016

Describe the Organization's Mission:

Part 3 - Line 1

THE GENERAL PURPOSE AND PLAN OF THIS CORPORATION SHALL BE TO OBTAIN FUNDS AND DISBURSE SUCH FUNDS IN THE FORM OF LOANS OR SCHOLARSHIPS, FOR THE FURTHERANCE OF THE EDUCATION OF STUDENTS FROM WITHIN THE SCHOOL DISTRICT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OBTAIN AND DISBURSE FUNDS AS LOANS OR SCHOLARSHIPS FOR THE FURTHERANCE OF EDUCATION OF THE STUDENTS WITHIN THE SCHOOL DISTRICT


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Board, Officers & Key Employees

Name (title)Compensation
Damain Sandy
President
$0
Chuck Ness
V President
$0
David Meulebroeck
Treasurer
$0
Lorraine Draper
Secretary
$0
Melissa Mccorquodale
Director
$0
Steve Weets
Director
$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$6,185
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,185
Total Program Service Revenue$0
Investment income $130,012
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$93,747
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,294

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Scholarship America Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$10,000
View Grant Recipient Profile

Peer Organizations

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