Scholarship Foundation Of St Louis
- Assets
- $49.0m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 17
- Location
- St Louis, MO
- Founding
- 02/1983
- Data as of
- 12/2021
- EIN
- 43-6031234
Organization Overview
Scholarship Foundation Of St Louis is located in St Louis, MO. The organization was established in 1983. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Scholarship Foundation Of St Louis employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholarship Foundation Of St Louis 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, Scholarship Foundation Of St Louis generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. While expenses have increased by 2.1% 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
THE FOUNDATION PROVIDES ACCESS TO POST-SECONDARY EDUCATION THROUGH INTEREST-FREE LOANS AND GRANTS TO AREA STUDENTS WHO ARE IN FINANCIAL NEED AND WHO WOULD OTHERWISE NOT HAVE THE FINANCIAL MEANS TO FULFILL THEIR EDUCATIONAL GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES ACCESS TO POST-SECONDARY EDUCATION TO THOSE WHO OTHERWISE WOULD NOT HAVE THE FINANACIAL MEANS TO FULFILL THEIR EDUCATIONAL GOALS. OPERATING ON A NONDISCRIMINATORY BASIS, THE FOUNDATION PROVIDES ASSISTANCE TO APPLICANTS WITH SIGNIFICANT FINANCIAL NEED WHO DEMONSTRATE SATISFACTORY ACADEMIC PROGRESS AND GOOD CHARACTER AND ARE FROM THE ST. LOUIS METROPOLITAN AREA AS WELL AS A NUMBER OF OTHER COMMUNITIES IN MISSOURI AND ILLINOIS. DURING 2021, THE FOUNDATION OPERATED STUDENT PROGRAMS, CONSISTING OF AN INTEREST-FREE LOAN PROGRAM THAT AWARDED $1,931,185, STUDENT GRANT PROGRAMS THAT AWARDED $2,774,971 AND STUDENT ADVISING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faith Sandler Executive Director | Officer | 55 | $199,813 |
Robert Foley Director Of Planning & Tec | 45 | $121,276 | |
Karin Mcelwain-West External Relations Directo | 45 | $118,976 | |
Lauren Nash Ming President | OfficerTrustee | 10 | $0 |
Debra Kennard Vice President | OfficerTrustee | 4 | $0 |
Karen O Drake Vice President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,888,292 |
| Noncash contributions included in lines 1a–1f | $227,450 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,082,792 |
| Total Program Service Revenue | $2,075,859 |
| Investment income | $301,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,036,948 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,563,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,706,156 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $433,854 |
| Compensation of current officers, directors, key employees. | $27,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $746,518 |
| Pension plan accruals and contributions | $17,614 |
| Other employee benefits | $106,084 |
| Payroll taxes | $85,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,456 |
| Fees for services: Accounting | $31,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,092 |
| Fees for services: Other | $105,875 |
| Advertising and promotion | $0 |
| Office expenses | $3,270 |
| Information technology | $113,403 |
| Royalties | $0 |
| Occupancy | $173,324 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,163 |
| Interest | $1,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,592 |
| Insurance | $14,986 |
| All other expenses | $50,446 |
| Total functional expenses | $8,294,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,648 |
| Savings and temporary cash investments | $2,887,951 |
| Pledges and grants receivable | $135,825 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,329,015 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,358 |
| Net Land, buildings, and equipment | $138,793 |
| Investments—publicly traded securities | $19,268,464 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,667 |
| Total assets | $49,025,721 |
| Accounts payable and accrued expenses | $100,493 |
| 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 | $0 |
| Other liabilities | $1,527,445 |
| Total liabilities | $1,627,938 |
| Net assets without donor restrictions | $34,687,016 |
| Net assets with donor restrictions | $12,710,767 |
| 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 | $49,025,721 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Scholarship Foundation Of St Louis has recieved totaling $2,926,978.
| Awarding Organization | Amount |
|---|---|
Crawford Taylor Foundation St Louis, MO PURPOSE: ANNUAL FUND - SUPPORT | $1,747,200 |
Bjc Health System St Louis, MO PURPOSE: SUPPORT THE COMMUNITY WHO WOULD NOT HAVE FINANCIAL MEANS TO FULFILL THEIR EDUCATIONAL GOALS. | $496,798 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $128,268 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: EDUCATION | $121,280 |
Pershing Charitable Trust St Louis, MO PURPOSE: GENERAL CHARITABLE PURPOSES | $100,000 |
Jefferson Foundation Festus, MO PURPOSE: STUDENT ADVISING AND BRAVO GRANT PROGRAMS | $77,300 |
Endowment Analysis
| Beg. Balance | $5,167,668 |
| Earnings | $751,763 |
| Net Contributions | $314,835 |
| Other Expense | $156,495 |
| Ending Balance | $6,077,771 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |