Overview
What is Scholarmatch Inc?
Scholarmatch Inc, located in San Francisco, California, is a nonprofit organization that strives to make higher education accessible for first-generation, low-income students. Their mission is to guide these students from application to graduation within five years, providing them with essential support throughout their college journey. The Scholars Program, serving approximately 428 students, offers a chance for students who complete the Destination Program to receive targeted financial aid, such as student loan repayment, emergency funds, and more, up to $25,000. Students are matched with college advisors and may also request a volunteer career coach. Scholarmatch Inc employs a team of 19 individuals, dedicated to helping underprivileged students pursue their college dreams.
Official website here: www.scholarmatch.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
Scholarmatch Inc has achieved a perfect score of 100% across all categories assessed by Charity Navigator, which reflects exceptional performance in accountability, finance, impact measurement, culture, community, and leadership adaptability. This high rating signifies that the organization adheres to the best practices in nonprofit management, ensuring transparency and responsible stewardship of resources.
The nonprofit boasts a fully independent board of 14 members, demonstrating a strong governance structure. Additionally, it has implemented robust policies for conflict of interest, whistleblowing, and document retention, all of which contribute to its high scores in accountability. Financially, the organization maintains a strong program expense ratio and efficient fundraising practices, indicating effective allocation of funds towards its mission.
There were no notable limitations or weaknesses identified in the data, which further reinforces the organization's solid standing within the nonprofit sector. Scholarmatch Inc's commitment to impact evaluation and feedback collection is also commendable, illustrating a dedication to continuous improvement and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Scholarmatch Inc legitimate?
Scholarmatch Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarmatch 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: $182,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,444,300
For more financial information, click here
Official website here: www.scholarmatch.org
What is the mission statement of Scholarmatch Inc?
Scholarmatch Inc's mission is centered around supporting underprivileged, first-generation students with a low-income background, helping them achieve a bachelor's degree within five years. The organization's activities include providing year-round college advisory services to eligible students, matching them with dedicated staff advisors. Upon successful completion of an initial program, these students become eligible for Scholarmatch Scholarships, which offer targeted financial aid, including student loan repayment, emergency funds, and more. Scholars also participate in workshops focusing on their wellbeing, academic performance, and career preparedness. Some students may request a volunteer career coach for additional guidance throughout their college journey.
Official website here: www.scholarmatch.org
Who is the CEO of Scholarmatch Inc?
Karla V Salazar is the Chair of Scholarmatch Inc.
Official website here: www.scholarmatch.org
What is the revenue of Scholarmatch Inc?
Scholarmatch Inc's revenue in 2022 was $3,582,533.
Official website here: www.scholarmatch.org
Who are the executives of Scholarmatch Inc and what are their salaries?
The average compensation at Scholarmatch Inc during 2022 was $85,631. There are 19 employees and 456 volunteers at Scholarmatch Inc.
Here are 13 key members and their salaries:
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- Compensation: $182,690
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- Other: $5,450
Official website here: www.scholarmatch.org
Where can I find the form 990 for Scholarmatch Inc?
Scholarmatch Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scholarmatch.org
Learn more at the official website: www.scholarmatch.org
Mission Statement of Scholarmatch Inc
Scholarmatch Inc, a nonprofit organization, is dedicated to making college attainable for first-generation and low-income students. Its mission extends beyond just helping these students apply for college; it aims to support them all the way through their undergraduate education, ensuring they earn a bachelor's degree within five years. Scholarmatch Inc's primary goal is to empower underserved first-generation college students from low-income backgrounds.
The organization operates a program called the Scholars Program, designed for students who have successfully completed a previous program called the Destination Program. This Scholars Program serves approximately 428 students annually. Once enrolled, Scholarmatch Scholars are assigned a professional college advisor who provides year-round support. This advisor assists the students with various aspects of their college journey, including academic performance and career preparation. In addition to the one-on-one guidance, Scholarmatch Scholars are eligible for targeted financial aid. This aid can include student loan repayment, emergency funds, and other financial assistance. Scholarmatch Inc also organizes workshops to support the scholars' wellbeing and academic performance. Furthermore, students can request to be matched with a volunteer career coach for ongoing support throughout their college journey.
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Impact
July, 2024
Scholarmatch Inc's impact is significant in helping first-generation, low-income background students make college possible. Their Scholars Program, which serves approximately 428 students, provides year-round advising, financial aid up to $25,000, including student loan repayment and emergency funds, as well as workshops to support students' wellbeing, academic performance, and career preparedness. Additionally, students may be matched with a volunteer career coach as they progress through college. Through these initiatives, Scholarmatch Inc is enabling underserved students to earn a bachelor's degree within five years, fulfilling their mission to support this demographic in achieving educational success.
This information is meant to be a general summary of Scholarmatch 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.
- Investment Income: $16,806
- Program Service Revenue: $145,444
- Gross Receipts: $3,615,646
Assets and Liabilities:
- Total Assets: $5,261,004
- Total Liabilities: $94,371
- Net Assets: $5,166,633
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$145,444
Organization Details
Founding Year
2012
Phone
(415) 237-1792Principal Officer
Karla V Salazar
Main Address
849 VALENCIA STREET, SAN FRANCISCO, CA, 94110
Website
www.scholarmatch.orgNTEE Category
Code: B82 - Education
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