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Nonprofiteer
← SCHOLARSHIPS FOR KIDS INC

Form 990 for tax year 2024

Filed by SCHOLARSHIPS FOR KIDS INC.

Totals

Total revenue
$24,884,088
Total expenses
$21,717,770
Contributions and grants received
$23,242,159
Grants paid
$20,788,907
Program service revenue
$0
Investment income
$1,641,929
Other revenue
$0
Total assets, end of year
$45,035,594
Total liabilities, end of year
$32,653
Net assets or fund balances, end of year
$45,002,941
Program services expenses (Part IX)
$21,590,413
Management and general expenses
$127,357
Fundraising expenses
$0
Program service expenses (Part III)
$21,590,413

Program services were 99.4% 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.

  • 1f · All other contributions, gifts and grants

    $23,242,159

  • 3 · Investment income

    total $1,545,307 · excluded $1,545,307

  • 7a · Gross sales of assets other than inventory

    securities $7,083,420

  • 7b · Less cost or other basis and sales expenses

    securities $6,986,798

  • 7c · Gain or loss

    securities $96,622

  • 7d · Net gain or loss

    total $96,622 · excluded $96,622

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,788,907 · program services $20,788,907

  • 5 · Compensation of officers, directors and key employees

    total $154,406 · program services $154,406

  • 6 · Compensation of disqualified persons

    total $154,414 · program services $154,414

  • 11b · Fees: legal

    total $71,500 · program services $57,200 · management and general $14,300

  • 11g · Fees: other

    total $346,647 · program services $286,313 · management and general $60,334

  • 12 · Advertising and promotion

    total $82,993 · program services $66,394 · management and general $16,599

  • 13 · Office expenses

    total $11,062 · program services $8,850 · management and general $2,212

  • 17 · Travel

    total $10,902 · program services $8,722 · management and general $2,180

  • 23 · Insurance

    total $25,763 · management and general $25,763

  • 24a · Other expenses: REGULATORY ASSESSMENTS

    total $41,901 · program services $41,901

  • 24b · Other expenses: WEBSITE AND SOCIAL MEDI

    total $24,376 · program services $19,501 · management and general $4,875

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,357 · program services $2,686 · management and general $671

  • 24d · Other expenses: POSTAGE AND PRINTING

    total $1,106 · program services $885 · management and general $221

  • 24e · All other expenses

    total $436 · program services $234 · management and general $202

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $26,599,228 · end of year $39,576,979

  • 4 · Accounts receivable

    beginning of year $9,676,780 · end of year $5,458,615

  • 11 · Investments: publicly traded securities

    beginning of year $5,656,269

  • 17 · Accounts payable and accrued expenses

    beginning of year $95,654 · end of year $32,653

  • 27 · Net assets without donor restrictions

    beginning of year $11,121,622 · end of year $11,887,294

  • 28 · Net assets with donor restrictions

    beginning of year $30,715,001 · end of year $33,115,647

Mission and programs · 2024

Mission

OUR MISSION IS TO SUPPORT EDUCATION AND EDUCATIONAL OPPORTUNITIES. WE PROVIDE SCHOLARSHIPS TO CHILDREN FROM LOWER INCOME FAMILIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENTS' CHOICE. WE EMPHASIZE THE IMPORTANCE OF PARENTS INVESTING THEIR TIME, TALENT AND RESOURCES IN THEIR CHILDREN'S SCHOOL COMMUNITY. WE SUPPORT SCHOOLS THAT PROMOTE ACADEMIC EXCELLENCE AND PRIORITIZE CHARACTER DEVELOPMENT. SCHOLARSHIPS FOR KIDS AT ALL TIMES SEEKS TO OPERATE IN AN EFFECTIVE, EFFICIENT AND ETHICAL MANNER.

Activities or mission (Part I)

OUR MISSION IS TO SUPPORT EDUCATION AND EDUCATIONAL OPPORTUNITIES. WE PROVIDE SCHOLARSHIPS TO CHILDREN FROM LOWER INCOME FAMILIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENT'S CHOICE. WE EMPHASIZE THE IMPORTANCE OF PARENTS INVESTING THEIR TIME, TALENT AND RESOURCES IN THEIR CHILDREN'S SCHOOL COMMUNITY. WE SUPPORT SCHOOLS THAT PROMOTE ACADEMIC EXCELLENCE AND PRIORITIZE CHARACTER DEVELOPMENT. SCHOLARSHIPS FOR KIDS AT ALL TIMES SEEKS TO OPERATE IN AN EFFECTIVE, EFFICIENT AND ETHICAL MANNER.

  • THE ORGANIZATION RAISED OVER $23.2 MILLION TO FUND SCHOLARSHIPS FOR STUDENTS TO ATTEND PARTNER SCHOOLS LOCATED ACROSS THE STATE. DURING 2023, WE RECEIVED APPROXIMATELY 1,156 SEPARATE TAX CREDIT CONTRIBUTIONS. DUE TO THE ORGANIZATION'S SUCCESS, PARTNER SCHOOLS ARE FILLING OTHERWISE EMPTY SEATS IN THE CURRENT SCHOOL YEAR.

    Expenses $21,590,413 · Grants $20,788,907 · Revenue $23,242,109

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MIKE FLINK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN CHRISTINE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS H BRIGHAM JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOEL DAVIS

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • KELLIE HOPE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ADAM WEST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GRANT MORGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN BRIDGERS

    EXECUTIVE DIRECTOR

    Total calculated
    $154,406
    From this org
    $154,406
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,406
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $154,406

  • LITASHA STEELE

    DIRECTOR OF SCHOOL RELATIONS

    Total calculated
    $104,588
    From this org
    $104,588
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202523169349302577

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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