Scholarmatch Inc

Organization Overview

Scholarmatch Inc is located in San Francisco, CA. The organization was established in 2012. 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 09/2023, Scholarmatch Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholarmatch 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 09/2023, Scholarmatch Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $3.0m during the year ending 09/2023. While expenses have increased by 14.6% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP MAKE COLLEGE POSSIBLE FOR FIRST-GENERATION, LOW-INCOME BACKGROUND STUDENTS FROM APPLICATION ALL THE WAY THROUGH COLLEGE GRADUATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARS PROGRAM (COLLEGE PERSISTENCE): STUDENTS WHO SUCCESSFULLY COMPLETE THE DESTINATION PROGRAM BECOME ELIGIBLE TO APPLY TO THE SCHOLARS PROGRAM, WHICH CURRENTLY SERVES 262 STUDENTS. SCHOLARMATCH SCHOLARS ARE MATCHED WITH A PROFESSIONAL COLLEGE ADVISOR ON STAFF WHO PROVIDES YEAR-ROUND ADVISING AND WILL RECEIVE UP TO $25,000 IN TARGETED FINANCIAL AID, INCLUDING STUDENT LOAN REPAYMENT, EMERGENCY FUNDS, AND MORE. STUDENTS ALSO PARTICIPATE IN WORKSHOPS TO SUPPORT THEIR WELLBEING, ACADEMIC PERFORMANCE, AND CAREER PREPAREDNESS, AND MAY REQUEST TO BE MATCHED TO A VOLUNTEER CAREER COACH AS THEY CONTINUE THROUGH COLLEGE.


DESTINATION COLLEGE (COLLEGE ACCESS): OUR DESTINATION COLLEGE PROGRAM PROVIDED COLLEGE ACCESS COUNSELING TO 218 LOW-INCOME HIGH SCHOOL STUDENTS APPLYING TO COLLEGE. STARTING THE SPRING OF JUNIOR YEAR OF HIGH SCHOOL, SCHOLARMATCH STUDENTS ARE MATCHED WITH A VOLUNTEER COLLEGE COACH WHO WORKS 1:1 WITH THEM FOR A FULL YEAR. VOLUNTEER COACHES RECEIVE ROBUST TRAINING FROM SCHOLARMATCH AND SUPPORT STUDENTS THROUGH ALL ASPECTS OF THE COLLEGE APPLICATION PROCESS - FROM CHOOSING WHERE TO APPLY, TO WRITING PERSONAL STATEMENTS, TO EVALUATING FINANCIAL AID. STUDENTS ALSO RECEIVE ACCESS TO COLLEGE ACCESS WORKSHOPS, AND ONLINE TOOLS INCLUDING SCHOLARMATCHER, AN ONLINE COLLEGE SEARCH ENGINE DESIGNED SPECIFICALLY FOR LOW-INCOME AND FIRST-GENERATION STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Grace-Baker
Chair
$0
Miriam Karpilow
Vice Chair
$0
Martha Castillo
Secretary
$0
Ayanda Magwaza
Treasurer
$0
Luz Gomez
Finance Chair
$0
Sheila Doucet
Governance Chair
$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$4,352,174
Noncash contributions included in lines 1a–1f $5,958
Total Revenue from Contributions, Gifts, Grants & Similar$4,352,174
Total Program Service Revenue$0
Investment income $82,737
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$28
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,434,883

Grants Awarded

Over the last fiscal year, Scholarmatch Inc has awarded $108,969 in support to 11 organizations.

Grant RecipientAmount

CSU DOMINGUEZ HILLS

PURPOSE: Tuition and school fees/Expenses

$6,000

BOSTON COLLEGE

PURPOSE: Tuition and school fees/Expenses

$5,500

OHIO WESLEYAN UNIVERSITY

PURPOSE: Tuition and school fees/Expenses

$6,750

CSU SAN JOSE

PURPOSE: Tuition and school fees/Expenses

$8,500

CSU SAN FRANCISCO

PURPOSE: Tuition and school fees/Expenses

$11,497

UC BERKELEY

PURPOSE: Tuition and school fees/Expenses

$17,410
View Grant Profile

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$30,384
Orange Coast College Foundation
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$13,270,788
Point Foundation
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$10,563,939
Arizona Private Education Scholarship Fund Inc
Scottsdale, AZ
$7,134,785
Orange County School Of The Arts Foundation
Santa Ana, CA
$5,393,216
The Foster Alliance
Phoenix, AZ
$5,439,957
The Roddenberry Foundation
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$2,607,743
Brophy Community Foundation
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$8,022,211
Kathy Simon Family Foundation
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$5,097,303

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