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Scholarship America Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042296967 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

Overview

What is Scholarship America Inc?

Scholarship America Inc, based in Minneapolis, Minnesota, is a leading national education service organization dedicated to eliminating barriers to educational success. With a vision of empowering an America where those in need have opportunities for equitable paths to education and training, Scholarship America has distributed over $5.1 billion in scholarship assistance to more than 3.0 million students since 1958. Their programs provide students with financial, cultural, and social supports, including Dollars for Scholars, Emergency Aid, The Dream Award Scholarship Program, and Scholarship Management Services. The organization, which employs 246 individuals, strives to help students persist and attain success throughout their academic journey.


Official website here: www.scholarshipamerica.org

Is Scholarship America Inc legitimate?

Scholarship America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarship America Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $569,976
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,656,795

For more financial information, click here


Official website here: www.scholarshipamerica.org

What is the mission statement of Scholarship America Inc?

Scholarship America Inc is a national education service organization dedicated to eliminating barriers to educational success. Their vision is to empower an America where those with the greatest need have the opportunity to pursue their dreams through equitable pathways to education and training. Since 1958, they have distributed over $5.1 billion in scholarship assistance to over 3 million students. Their programs focus on providing students with financial, cultural, and social supports to help them persist and attain success. Some of their initiatives include the Dollars for Scholars program, emergency aid, The Dream Award Scholarship Program, and scholarship management services.


Official website here: www.scholarshipamerica.org

Who is the CEO of Scholarship America Inc?

Michael Nylund is the President And Ceo of Scholarship America Inc. The CEO's salary of Scholarship America Inc is $276,551 and their total compensation is $297,005.


Official website here: www.scholarshipamerica.org

What is the revenue of Scholarship America Inc?

Scholarship America Inc's revenue in 2022 was $222,521,699.


Official website here: www.scholarshipamerica.org

Who are the executives of Scholarship America Inc and what are their salaries?

The average compensation at Scholarship America Inc during 2022 was $45,637. There are 246 employees and 10,000 volunteers at Scholarship America Inc.

Here are 29 key members and their salaries (Scholarship America Inc's CEO's salary is $276,551 and their total compensation is $297,005):

    Michael Nylund (President And Ceo)
  • Compensation: $276,551
  • Related: $0
  • Other: $20,454

    • Richard Greene (Chief Financial Officer)
  • Compensation: $235,292
  • Related: $0
  • Other: $37,679

    • Michael Peckenschneider (Vice President, Information Tech.)
  • Compensation: $212,991
  • Related: $0
  • Other: $9,161

    • Andrea Smith (Vice President, Development & Marketing)
  • Compensation: $203,822
  • Related: $0
  • Other: $17,681

    • Jennifer Menke (Vice President, Human Resources)
  • Compensation: $189,387
  • Related: $0
  • Other: $30,293

    • Bonnie Melville (Vp, Operations)
  • Compensation: $187,313
  • Related: $0
  • Other: $12,686

    • Rhianna Quinn Roddy (Executive Director, Fof)
  • Compensation: $146,850
  • Related: $0
  • Other: $39,519

    • Tina Lee (Chair Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hazel M Mcneilage (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard J Schwab (Treasurer, Finance & Inv.) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Douglas J Mello (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William C Young (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roxanne Splillett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark P Turchan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark L Madrid (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lucinda D Robb (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Maney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Palombo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Mcbee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alain Karaoglan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Msilverman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Treasa G Bowers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Dlugos (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • M Salman Ravala (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Santiago Marquez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Muneera Carr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Autumn Manning (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Samata Narra (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angel Perez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.scholarshipamerica.org

    Where can I find the form 990 for Scholarship America Inc?

    The Scholarship America Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.scholarshipamerica.org

    Learn more at the official website: www.scholarshipamerica.org

    Mission Statement of Scholarship America Inc

    Scholarship America Inc, a renowned national education service organization, is dedicated to eliminating barriers to educational success for students from all backgrounds. With a vision to empower a nation where those in need have the opportunity to pursue their dreams, Scholarship America has distributed over $5.1 billion in scholarship assistance to more than 3.0 million students since its inception in 1958.

    The mission of Scholarship America is to provide equitable pathways to education and training for students through financial, cultural, and social supports. Scholarship America's programs are designed to help students persist and attain academic success. Among its offerings are the Dollars for Scholars program, Emergency Aid, The Dream Award Scholarship Program, and Scholarship Management Services. These programs aim to address the financial, cultural, and social needs of students, ensuring they can focus on their education without being hindered by external challenges.

    By offering a range of programs that cater to different student needs, Scholarship America is making a significant impact in the lives of students across the country. Their programs not only provide financial assistance but also offer essential support systems that help students navigate their academic journey. Through their initiatives, Scholarship America is dedicated to empowering students and expanding opportunities for a brighter future.

    Impact

    This information is meant to be a general summary of Scholarship America Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, April 13, 2024

    Scholarship America Inc has distributed more than $5.1 billion in scholarship assistance to over 3.0 million students since 1958. Their programs advance equity and provide students with financial, cultural, and social supports along their academic journey to help them persist and attain success. Through initiatives like Dollars for Scholars, emergency aid, the Dream Award Scholarship Program, and Scholarship Management Services, Scholarship America is eliminating barriers to educational success so that any student can pursue their dreams.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,643,699
  • Program Service Revenue: $14,221,466
  • Gross Receipts: $313,676,416

    • Assets and Liabilities:
  • Total Assets: $168,435,471
  • Total Liabilities: $63,768,998
  • Net Assets: $104,666,473
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MANAGEMENT FEES

    Revenue

    $13,754,016

    DOLLARS FOR SCHOLARS

    Revenue

    $467,450

    Organization Details

    Founding Year

    1961

    Principal Officer

    Michael Nylund

    Main Address

    7900 INTERNATIONAL DR 500, MINNEAPOLIS, MN, 55425

    NTEE Category

    Code: B820 - Education