Form 990 for tax year 2023

Totals

Total revenue

$406,472

Total expenses

$544,934

Contributions and grants received

$404,829

Grants paid

$186,710

Program service revenue

$0

Investment income

$1,643

Other revenue

$0

Total assets, end of year

$259,766

Total liabilities, end of year

$1,761

Net assets or fund balances, end of year

$258,005

Program services expenses (Part IX)

$394,026

Management and general expenses

$111,136

Fundraising expenses

$39,772

Program service expenses (Part III)

$394,026

Program services were 72.3% 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.

Mission and programs · 2023

• Scholarchips awardees receive college funding (I.E. Renewable Scholarships and Book Awards), and all of the scholars have the opportunity to benefit from our additional programs, including mentoring, cultural enrichment, college life skills workshops and a peer support network. Since the programs inception in 2012, the organization has supported seventy-seven scholars, and thirty-two scholars have graduated from their respective undergraduate studies programs.Scholarchips also maintained its in-house one-on-one mentorship program, where scholars are matched with vetted volunteer mentors from within the community. Scholars and mentors have reported that they are enjoying their relationship and that it is mutually beneficial. ScholarCHIPS does have a new Mental Health and Wellness Program. This is a new program that was launched in 2020. ScholarCHIPS Mental Health and Wellness Program is designed to provide educational and mental/emotional programming and supports for scholars to aid in healthy development and to ensure that they can complete their college education. Programming includes mental health and wellness workshops and webinars on sub-topics such as building positive self-esteem and body image, dealing with depression and anxiety, etc. Through this program, ScholarCHIPS offers referral lists for therapy services upon scholars requests and offers financial assistance to scholars who are seeking therapy from a licensed therapist, who have financial need.

  Expenses $394,026 · Grants $186,710

As filed on the 2023 return.

Listed in Part VII

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

6 May 2025

IRS schema version

2023v6.0

Source object

202501269349302335

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