Program areas at Scholarship America
EDUCATION ASSISTANCE: 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.
Other program services include the families of freedom Scholarship program and other related education program research, policy and community engagement activities.
Dollars for scholars is a national network of 438 community-based, volunteer- driven affiliated organizations that raise funds and provide scholarships and educational support to local students in communities across the country.
Who funds Scholarship America
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Burger King Foundation | 2023-12 | Scholarship | $3,193,651 |
| Pepsico Foundation | 2023-12 | Scholarship Program | $2,971,421 |
| Saint Paul & Minnesota Foundation | 2023-12 | Multiple Grants for Programs, Operations, Or Other Purposes | $2,136,457 |
| ...and 139 more grants received totalling $32,336,553 |
Personnel at Scholarship America
| Name | Title | Compensation | Date of data |
|---|
| Michael Nylund | President and Chief Executive Officer | $312,172 | 2023-12-31 |
| Mike Nylund | President and Chief Executive Officer , Board Member | $152,429 | 2024-11-23 |
| Richard S. Rick Greene | Board Member | $241,455 | 2025-02-12 |
| Don Yu | Chief Strategy and Product Officer | | 2022-10-10 |
| Donald Yu | Chief Strategy Product Officer | $223,346 | 2023-12-31 |
| ...and 10 more key personnel |
Financials for Scholarship America
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $220,181,709 | $205,865,875 | 7% |
| Program services | $14,952,460 | $14,221,466 | 5.1% |
| Investment income and dividends | $4,862,620 | $2,511,452 | 93.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $362,832 | $132,247 | 174.4% |
| Net income from fundraising events | $-172,391 | $-282,133 | 38.9% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $84,110 | $72,792 | 15.5% |
| Total revenues | $240,271,340 | $222,521,699 | 8% |
Organizations like Scholarship America
| Organization | Type | Location | Revenue |
|---|
| Big Shoulders Fund | 501(c)(3) | Chicago, IL | $65,677,021 |
| Step Up For Students - Florida | 501(c)(3) | Jacksonville, FL | $913,033,619 |
| Binghamton University Foundation | 501(c)(3) | Binghamton, NY | $82,839,756 |
| First Book | 501(c)(3) | Washington, DC | $85,122,503 |
| Stephen Siller Tunnel To Towers Foundation | 501(c)(3) | Staten Island, NY | $373,003,492 |
| University of Nevada-Reno Foundation | 501(c)(3) | Reno, NV | $151,934,512 |
| Georgia Tech Foundation | 501(c)(3) | Atlanta, GA | $238,958,217 |
| Orbis International | 501(c)(3) | New York, NY | $259,872,704 |
| Southwestern Medical Foundation | 501(c)(3) | Dallas, TX | $72,790,697 |
| The Boston Foundation (TBF) | 501(c)(3) | Boston, MA | $161,296,905 |
Data update history
March 1, 2025
Posted financials
Added Form 990N for fiscal year 2024
February 12, 2025
Updated personnel
Identified 1 new personnel
January 20, 2025
Received grants
Identified 62 new grant, including a grant for $2,971,421 from Pepsico Foundation November 25, 2024
Received grants
Identified 12 new grant, including a grant for $3,193,651 from Burger King Foundation November 23, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
SchoolsEducational service providersHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Fundraising eventsOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
- Address
- 7900 International Dr 500
- Minneapolis, MN 55425
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- County
- Hennepin County, MN
- Website URL
- scholarshipamerica.org/Â
- Phone
- (800) 537-4180
- Facebook page
- ScholarshipAmericaÂ
- Twitter profile
- @scholamericaÂ
IRS details
- EIN
- 04-2296967
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1961
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B82: Scholarships, Student Financial Aid Services
- NAICS code, primary
- 611710: Educational Support Services
- Parent/child status
- Parent of group exemption
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current - In Process
- FTB status revoked
- Not revoked
- AG Registration Number
- 063108
- FTB Entity ID
- 2655418
- AB 488 data last updated ("as-of") date
- 2025-03-19
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