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Nonprofiteer
← SCHOLARSHIP AMERICA INC

Form 990 for tax year 2022

Filed by SCHOLARSHIP AMERICA INC.

Totals

Total revenue
$222,521,699
Total expenses
$217,322,589
Contributions and grants received
$205,865,875
Grants paid
$197,899,104
Program service revenue
$14,221,466
Investment income
$2,643,699
Other revenue
-$209,341
Total assets, end of year
$168,435,471
Total liabilities, end of year
$63,768,998
Net assets or fund balances, end of year
$104,666,473
Program services expenses (Part IX)
$207,412,817
Management and general expenses
$8,704,664
Fundraising expenses
$1,205,108
Program service expenses (Part III)
$207,412,817

Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TINA LEE

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

  • HAZEL M MCNEILAGE

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • RICHARD J SCHWAB

    TREASURER, FINANCE & INV.

    Total calculated
    $0
    Hours/week
    5

  • DOUGLAS J MELLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • WILLIAM C YOUNG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ROXANNE SPLILLETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARK P TURCHAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARK L MADRID

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • LUCINDA D ROBB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL MANEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JOSEPH PALOMBO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • BARBARA MCBEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ALAIN KARAOGLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JEFFREY MSILVERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • TREASA G BOWERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • JAMES DLUGOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • M SALMAN RAVALA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • SANTIAGO MARQUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • MUNEERA CARR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • AUTUMN MANNING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • SAMATA NARRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • ANGEL PEREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • MICHAEL NYLUND

    PRESIDENT AND CEO

    Total calculated
    $297,005
    From this org
    $276,551
    From related orgs
    $0
    Other
    $20,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,551
    Bonus
    $0
    Other
    $0
    Deferred
    $8,003
    Nontaxable benefits
    $12,451
    Filer's total
    $297,005

  • RICHARD GREENE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $272,971
    From this org
    $235,292
    From related orgs
    $0
    Other
    $37,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,292
    Bonus
    $0
    Other
    $5,000
    Deferred
    $7,020
    Nontaxable benefits
    $30,659
    Filer's total
    $272,971

  • MICHAEL PECKENSCHNEIDER

    VICE PRESIDENT, INFORMATION TECH.

    Total calculated
    $222,152
    From this org
    $212,991
    From related orgs
    $0
    Other
    $9,161
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,991
    Bonus
    $0
    Other
    $0
    Deferred
    $6,362
    Nontaxable benefits
    $2,799
    Filer's total
    $222,152

  • ANDREA SMITH

    VICE PRESIDENT, DEVELOPMENT & MARKETING

    Total calculated
    $221,503
    From this org
    $203,822
    From related orgs
    $0
    Other
    $17,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,822
    Bonus
    $0
    Other
    $0
    Deferred
    $6,153
    Nontaxable benefits
    $11,528
    Filer's total
    $221,503

  • JENNIFER MENKE

    VICE PRESIDENT, HUMAN RESOURCES

    Total calculated
    $219,680
    From this org
    $189,387
    From related orgs
    $0
    Other
    $30,293
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,387
    Bonus
    $0
    Other
    $5,000
    Deferred
    $5,677
    Nontaxable benefits
    $24,616
    Filer's total
    $219,680

  • BONNIE MELVILLE

    VP, OPERATIONS

    Total calculated
    $199,999
    From this org
    $187,313
    From related orgs
    $0
    Other
    $12,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,313
    Bonus
    $0
    Other
    $0
    Deferred
    $4,098
    Nontaxable benefits
    $8,588
    Filer's total
    $199,999

  • RHIANNA QUINN RODDY

    EXECUTIVE DIRECTOR, FOF

    Total calculated
    $186,369
    From this org
    $146,850
    From related orgs
    $0
    Other
    $39,519
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,850
    Bonus
    $0
    Other
    $0
    Deferred
    $4,683
    Nontaxable benefits
    $34,836
    Filer's total
    $186,369

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
2022
Filed
14 August 2023
IRS schema version
2022v5.0
Source object
202342279349301364

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