Overview
What is The Scholarship Academy Inc?
The Scholarship Academy Inc, located in Atlanta, Georgia, is a nonprofit organization dedicated to supporting low-income first-generation college students. With a team of 32 employees, they offer a 16-module course called "The Scholarship Academy" to high schools and youth-serving organizations. This program aims to guide students through the complex financial aid process, enabling them to secure funding for their higher education. The organization also conducts training sessions for college advisors and corporate volunteers, and facilitates connections to financial aid resources. The Scholarship Academy's mission is to empower these students, helping them navigate the financial aid maze and make their college dreams a reality.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 27%
The Scholarship Academy Inc has received a Zero-Star out of Four Star rating due to a low overall score of 27%. This rating highlights significant concerns regarding its accountability and financial transparency. While the organization has a fully independent board, it lacks essential financial documents and policies that are crucial for public trust and governance.
Strengths include a completely independent board of directors and documented meeting minutes, which indicates some level of organizational integrity. However, the absence of financial statements and critical documents such as a conflict of interest policy and a whistleblower policy raises red flags about its operational practices.
Additionally, the program expense ratio is relatively low, suggesting that a significant portion of the funds may not be allocated to programmatic activities. The missing financial documentation and overall lack of transparency could deter potential donors and stakeholders from supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Scholarship Academy Inc legitimate?
The Scholarship Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Scholarship Academy 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $113,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $256,478
For more financial information, click here
What is the mission statement of The Scholarship Academy Inc?
The Scholarship Academy Inc, as a comprehensive scholarship preparatory program, aims to educate low-income, first-generation college students on navigating the complex financial aid process to fund their higher education. This is achieved through counselor trainings, financial aid outreach programs, and connections to relevant resources. The organization offers a 16-module course to high schools and youth-serving organizations to support students in navigating the financial aid process. Additionally, The Scholarship Academy hosts training sessions for college advisors and corporate volunteers.
Who is the CEO of The Scholarship Academy Inc?
Jessica Johnson is the Board Chair of The Scholarship Academy Inc.
What is the revenue of The Scholarship Academy Inc?
The Scholarship Academy Inc's revenue in 2022 was $951,016.
Who are the executives of The Scholarship Academy Inc and what are their salaries?
The average compensation at The Scholarship Academy Inc during 2022 was $11,564. There are 32 employees and 50 volunteers at The Scholarship Academy Inc.
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- Compensation: $102,517
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Where can I find the form 990 for The Scholarship Academy Inc?
The Scholarship Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Scholarship Academy Inc
The Scholarship Academy, a comprehensive scholarship preparatory program, is dedicated to empowering low-income, first-generation college students. Its mission lies in guiding these students through the complex labyrinth of financial aid, enabling them to secure funding for their higher education. This is achieved through various means, including counselor training, financial aid outreach programs, and facilitating connections to relevant resources. The Scholarship Academy's work is not limited to individual students; it extends to high schools and youth-serving organizations, offering a 16-module course to support students in navigating the financial aid process. Additionally, the Academy provides training for college advisors and corporate volunteers, further expanding its reach and impact in the realm of financial aid assistance.
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Impact
October, 2024
The Scholarship Academy Inc has a significant impact on low-income, first-generation college students by providing them with essential skills and knowledge to navigate the financial aid landscape. Through its comprehensive scholarship preparatory program, students gain access to critical resources and training that empower them to effectively pursue funding for their college education.
The Academy offers a structured 16-module course to high schools and youth-serving organizations, ensuring that students receive the support they need to understand and complete the financial aid process. This proactive approach not only demystifies financial aid but also equips students with the tools to make informed decisions about their educational futures.
Additionally, by hosting training sessions for college advisors and corporate volunteers, The Scholarship Academy fosters a collaborative environment where multiple stakeholders can contribute to enhancing student success. The outreach programs and connections to financial aid resources created by the Academy play a crucial role in increasing accessibility to higher education for those who might otherwise face insurmountable barriers. This impactful work not only changes individual lives but also contributes to broader community advancement by increasing the number of educated, empowered individuals ready to thrive in society.
This information is meant to be a general summary of The Scholarship Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $97,687
- Gross Receipts: $951,016
Assets and Liabilities:
- Total Assets: $627,857
- Total Liabilities: $8,835
- Net Assets: $619,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VIRTUAL SCHOLARSHIP
Revenue
$6,150
BOOT CAMPS
Revenue
$42,825
DIRECT FACILITATOR TRAINING
Revenue
$21,500
HIGH SCHOOL PARTNERSHIPS
Revenue
$4,500
SCHOLARSHIP WORKBOOK SALES
Revenue
$2,295
Organization Details
Founding Year
2006
Phone
(470) 355-1732Principal Officer
Jessica Johnson
Main Address
500 BISHOP ST NW, ATLANTA, GA, 30318
NTEE Category
Code: B82 - Education
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