Totals
- Total revenue
- $259,854,510
- Total expenses
- $254,926,933
- Contributions and grants received
- $236,420,974
- Grants paid
- $227,632,801
- Program service revenue
- $15,590,984
- Investment income
- $7,736,205
- Other revenue
- $106,347
- Total assets, end of year
- $207,402,128
- Total liabilities, end of year
- $62,793,918
- Net assets or fund balances, end of year
- $144,608,210
- Program services expenses (Part IX)
- $239,355,137
- Management and general expenses
- $13,410,343
- Fundraising expenses
- $2,161,453
- Program service expenses (Part III)
- $239,355,137
Program services were 93.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$167,000
-
1f · All other contributions, gifts and grants
$236,253,974
-
1g · Noncash contributions included above
$4,222,288
-
2a · Program service revenue: MANAGEMENT FEES
total $15,278,384 · related or exempt $15,278,384
-
2b · Program service revenue: DOLLARS FOR SCHOLARS
total $312,600 · related or exempt $312,600
-
3 · Investment income
total $5,379,586 · excluded $5,379,586
-
7a · Gross sales of assets other than inventory
securities $270,445,332 · other assets $1,500,000
-
7b · Less cost or other basis and sales expenses
securities $268,640,202 · other assets $948,511
-
7c · Gain or loss
securities $1,805,130 · other assets $551,489
-
7d · Net gain or loss
total $2,356,619 · excluded $2,356,619
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$167,000
-
8b · Fundraising events: direct expenses
$3,692
-
8c · Net income from fundraising events
total -$3,692 · excluded -$3,692
-
11a · Other revenue: OTHER INCOME
total $110,039 · excluded $110,039
-
11e · Other revenue, total
$110,039
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $217,892,563 · program services $217,892,563
-
3 · Grants to foreign organizations and individuals
total $9,740,238 · program services $9,740,238
-
5 · Compensation of officers, directors and key employees
total $1,337,592 · management and general $1,337,592
-
7 · Other salaries and wages
total $11,309,461 · program services $5,859,661 · management and general $4,140,242 · fundraising $1,309,558
-
8 · Pension plan contributions
total $299,313 · program services $156,315 · management and general $108,064 · fundraising $34,934
-
9 · Other employee benefits
total $1,950,685 · program services $945,215 · management and general $794,227 · fundraising $211,243
-
10 · Payroll taxes
total $861,290 · program services $402,469 · management and general $368,874 · fundraising $89,947
-
11b · Fees: legal
total $164,028 · management and general $164,028
-
11c · Fees: accounting
total $82,000 · management and general $82,000
-
11f · Fees: investment management
total $65,119 · management and general $65,119
-
11g · Fees: other
total $5,106,916 · program services $1,830,346 · management and general $3,173,333 · fundraising $103,237
-
12 · Advertising and promotion
total $917,277 · program services $245,445 · management and general $491,837 · fundraising $179,995
-
13 · Office expenses
total $316,671 · program services $186,561 · management and general $109,274 · fundraising $20,836
-
14 · Information technology
total $2,380,926 · program services $1,464,248 · management and general $914,179 · fundraising $2,499
-
16 · Occupancy
total $439,331 · program services $110,720 · management and general $310,350 · fundraising $18,261
-
17 · Travel
total $320,729 · program services $83,636 · management and general $153,431 · fundraising $83,662
-
22 · Depreciation, depletion and amortization
total $1,092,820 · program services $29,269 · management and general $1,058,883 · fundraising $4,668
-
23 · Insurance
total $254,430 · program services $168,720 · management and general $64,328 · fundraising $21,382
-
24a · Other expenses: MISCELLANEOUS
total $395,544 · program services $239,731 · management and general $74,582 · fundraising $81,231
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $30,402,232 · end of year $25,431,461
-
3 · Pledges and grants receivable
beginning of year $1,113,443 · end of year $1,193,711
-
4 · Accounts receivable
beginning of year $2,703,330 · end of year $2,619,112
-
9 · Prepaid expenses and deferred charges
beginning of year $870,534 · end of year $2,944,564
-
10a · Land, buildings and equipment: cost or other basis
$11,623,950
-
10b · Land, buildings and equipment: accumulated depreciation
$10,157,359
-
10c · Land, buildings and equipment, net
beginning of year $2,209,516 · end of year $1,466,591
-
11 · Investments: publicly traded securities
beginning of year $152,924,422 · end of year $168,276,051
-
12 · Investments: other securities
beginning of year $2,800,749 · end of year $4,534,720
-
15 · Other assets
beginning of year $1,389,359 · end of year $935,918
-
17 · Accounts payable and accrued expenses
beginning of year $7,066,601 · end of year $8,138,587
-
25 · Other liabilities
beginning of year $53,047,870 · end of year $54,655,331
-
27 · Net assets without donor restrictions
beginning of year $13,308,195 · end of year $13,209,387
-
28 · Net assets with donor restrictions
beginning of year $120,990,919 · end of year $131,398,823
Mission and programs · 2025
Mission
SEE SCHEDULE OSCHOLARSHIP AMERICA IS DEDICATED TO REMOVING FINANCIAL BARRIERS SO EVERY STUDENT HAS THE OPPORTUNITY TO PURSUE THEIR DREAMS. OUR MISSION FOCUSES ON PROVIDING EQUITABLE PATHWAYS TO EDUCATION AND TRAINING, ESPECIALLY FOR THOSE WITH FINANCIAL NEED. BY PARTNERING WITH GENEROUS DONORS AND SPONSORS, WE WORK TO ENSURE OUTSTANDING STUDENTS CAN ACCESS THE RESOURCES THEY NEED TO SUCCEED. IN OUR OVER 60 YEARS OF HISTORY, WE HAVE MANAGED TO ADMINISTER AND AWARD $6 BILLION IN SCHOLARSHIPS TO MORE THAN 3.5 MILLION DESERVING STUDENTS ON THE PATHWAY TO EDUCATION.
Activities or mission (Part I)
ELIMINATE BARRIERS TO EDUCATIONAL SUCCESS SO THAT ANY STUDENT CAN PURSUE THEIR DREAM.
-
SCHOLARSHIP AMERICA (PROGRAM MANAGEMENT) IS THE LEADING PRIVATE EDUCATION ASSISTANCE SERVICE PROVIDER IN THE COUNTRY, HELPING CORPORATIONS, FOUNDATIONS AND INDIVIDUALS DESIGN AND ADMINISTER SCHOLARSHIP AND RELATED EDUCATIONAL ASSISTANCE PROGRAMS.
Expenses $238,954,234 · Grants $227,632,801 · Revenue $15,278,384
-
DOLLARS FOR SCHOLARS IS A NATIONAL NETWORK OF 424 COMMUNITY-BASED, VOLUNTEER-DRIVEN AFFILIATED ORGANIZATIONS THAT RAISE FUNDS AND PROVIDE SCHOLARSHIPS AND EDUCATIONAL SUPPORT TO LOCAL STUDENTS IN COMMUNITIES ACROSS THE COUNTRY.
Expenses $400,903 · Revenue $312,600
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael ManeyMICHAEL MANEY
BOARD CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Treasa BowersTREASA BOWERS
COMP COMM CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Muneera CarrMUNEERA CARR
AUDIT COMM CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jim DlugosJIM DLUGOS
GOVERN COMM CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Hazel McNeilageHAZEL MCNEILAGE
TREASURER FINANCE & INVESTMENT COMM CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Salman RavalaSALMAN RAVALA
GROWTH COMM CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Lucinda RobbLUCINDA ROBB
SECRETARY/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Tina LeeTINA LEE
PAST CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Dick SchwabDICK SCHWAB
HRT CHAIR PRO TEM/TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Alain KaraoglanALAIN KARAOGLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Daniel LeeDANIEL LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Samata NarraSAMATA NARRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Joe PalomboJOE PALOMBO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Michael NylundMICHAEL NYLUND
PRESIDENT AND CEO
- Total calculated
- $438,761
- From this org
- $400,913
- From related orgs
- $0
- Other
- $37,848
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $399,881
- Bonus
- $0
- Other
- $1,032
- Deferred
- $10,047
- Nontaxable benefits
- $27,801
- Filer's total
- $438,761
-
Richard GreeneRICHARD GREENE
CHIEF FINANCIAL OFFICER
- Total calculated
- $329,432
- From this org
- $286,732
- From related orgs
- $0
- Other
- $42,700
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $279,950
- Bonus
- $0
- Other
- $6,782
- Deferred
- $8,647
- Nontaxable benefits
- $34,053
- Filer's total
- $329,432
-
Abigail SeldinABIGAIL SELDIN
CHIEF GROWTH OFFICER
- Total calculated
- $297,498
- From this org
- $283,144
- From related orgs
- $0
- Other
- $14,354
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $282,919
- Bonus
- $0
- Other
- $225
- Deferred
- $8,632
- Nontaxable benefits
- $5,722
- Filer's total
- $297,498
-
Jonell SanchezJONELL SANCHEZ
CHIEF PRODUCT AND TECHNOLOGY OFFICER
- Total calculated
- $271,900
- From this org
- $259,509
- From related orgs
- $0
- Other
- $12,391
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $258,970
- Bonus
- $0
- Other
- $539
- Deferred
- $7,877
- Nontaxable benefits
- $4,514
- Filer's total
- $271,900
-
Jennifer MenkeJENNIFER MENKE
VICE PRESIDENT, HUMAN RESOURCES
- Total calculated
- $261,318
- From this org
- $222,468
- From related orgs
- $0
- Other
- $38,850
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,999
- Bonus
- $0
- Other
- $5,469
- Deferred
- $6,927
- Nontaxable benefits
- $31,923
- Filer's total
- $261,318
-
Kimberly HansonKIMBERLY HANSON
VICE PRESIDENT, PARTNER SOLUTIONS
- Total calculated
- $244,477
- From this org
- $211,712
- From related orgs
- $0
- Other
- $32,765
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,962
- Bonus
- $0
- Other
- $750
- Deferred
- $6,531
- Nontaxable benefits
- $26,234
- Filer's total
- $244,477
-
Nicholas Leonard MasonNICHOLAS LEONARD MASON
GENERAL COUNSEL
- Total calculated
- $185,864
- From this org
- $153,904
- From related orgs
- $0
- Other
- $31,960
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,612
- Bonus
- $0
- Other
- $292
- Deferred
- $4,811
- Nontaxable benefits
- $27,149
- Filer's total
- $185,864
-
Joseph GreenJOSEPH GREEN
ASSOC VP, PRODUCT & RESEARCH
- Total calculated
- $209,075
- From this org
- $190,777
- From related orgs
- $0
- Other
- $18,298
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,614
- Bonus
- $0
- Other
- $163
- Deferred
- $5,392
- Nontaxable benefits
- $12,906
- Filer's total
- $209,075
-
Claire Berge SchmidtCLAIRE BERGE SCHMIDT
ASSOC VP, MARKETING
- Total calculated
- $160,606
- From this org
- $120,252
- From related orgs
- $0
- Other
- $40,354
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,149
- Bonus
- $0
- Other
- $103
- Deferred
- $3,896
- Nontaxable benefits
- $36,458
- Filer's total
- $160,606
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 1 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602539349301570
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