Scholarship America Inc
- Assets
- $61.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eyota, MN
- Founding
- 04/1962
- Data as of
- 12/2022
- EIN
- 46-5045819
Organization Overview
Scholarship America Inc is located in Eyota, MN. The organization was established in 1962. 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 12/2022, Scholarship America Inc generated $28.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $31.1k during the year ending 12/2022. While expenses have increased by 1.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DISTRIBUTION OF 46 SCHOLARSHIP AWARDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Nigon President | 1 | $0 | |
James Hobbs Vice President | 0 | $0 | |
Tamara Demuth Secretary | 0 | $0 | |
Dennis Nelson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,750 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $256 |
| Other Revenue | $0 |
| Total Revenue | $28,011 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $800 |
| Total expenses | $31,100 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,067 |
| Other assets | $0 |
| Total assets | $61,216 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,216 |