Overview
What is Scholarchips Inc?
Scholarchips Inc is a small nonprofit organization, located at 22 Galatin Street NE, Washington DC 20001. Their primary mission is to provide college scholarships, mentoring, and a peer support network to children of incarcerated parents. The organization aims to inspire these students to complete their higher education. Since its inception in 2012, Scholarchips has supported 77 scholars, with 32 graduating from their undergraduate programs. In May 2020, they introduced an in-house one-on-one mentorship program, pairing scholars with community volunteers for mutual benefit. The program has been well-received by both parties.
Official website here: www.scholarchipsfund.org
Is Scholarchips Inc legitimate?
Scholarchips Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarchips 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: $73,665
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.scholarchipsfund.org
What is the mission statement of Scholarchips Inc?
Scholarchips Inc's mission is centered around providing support to children of incarcerated parents, inspiring them to complete their college education. The organization offers renewable scholarships and book awards, as well as additional programs such as mentoring, cultural enrichment, college life skills workshops, and a peer support network. Since its inception in 2012, Scholarchips has supported seventy-seven scholars, with thirty-two graduating from their undergraduate studies. In 2020, Scholarchips introduced an in-house one-on-one mentorship program, pairing scholars with vetted community mentors for a mutually beneficial relationship.
Official website here: www.scholarchipsfund.org
Who is the CEO of Scholarchips Inc?
Yasmine Arrington is the Founder And Executive Directo of Scholarchips Inc.
Official website here: www.scholarchipsfund.org
What is the revenue of Scholarchips Inc?
Scholarchips Inc's revenue in 2022 was $291,640.
Official website here: www.scholarchipsfund.org
Who are the executives of Scholarchips Inc and what are their salaries?
The average compensation at Scholarchips Inc during 2022 was $73,665. There is 1 employee and 35 volunteers at Scholarchips Inc.
Here are 8 key members and their salaries:
- Compensation: $69,350
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- Other: $4,216
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Official website here: www.scholarchipsfund.org
Where can I find the form 990 for Scholarchips Inc?
Scholarchips Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scholarchipsfund.org
Learn more at the official website: www.scholarchipsfund.org
Mission Statement of Scholarchips Inc
Scholarchips Inc, a nonprofit organization, is committed to offering college scholarships, mentoring, and a supportive network to children whose parents are incarcerated. The mission of Scholarchips Inc is to inspire these children to complete their higher education journeys. Through its scholarship program, the organization provides financial aid in the form of renewable scholarships and book awards to eligible students. In addition to the financial assistance, Scholarchips Inc offers its scholars various other programs, such as mentoring, cultural enrichment activities, college life skills workshops, and a peer support network.
Scholarchips Inc believes in the transformative power of education and mentorship, which is why it launched an in-house one-on-one mentorship program in May 2020. In this program, scholars are paired with vetted volunteer mentors from the community. The mentorship program has been well-received by both scholars and mentors, with both parties reporting that the relationship is mutually beneficial. The mentorship program, along with the other support services offered by Scholarchips Inc, aims to provide these children with the resources and encouragement they need to successfully complete their college education. Since its inception in 2012, Scholarchips Inc has supported seventy-seven scholars, with thirty-two of them graduating from their undergraduate studies programs.
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Impact
October, 2024
Scholarchips Inc. plays a crucial role in supporting the educational aspirations of children with incarcerated parents. By offering college scholarships, including renewable scholarships and book awards, the organization alleviates financial barriers that could prevent these scholars from pursuing higher education. Since its inception in 2012, Scholarchips has empowered seventy-seven scholars, with thirty-two successfully graduating from their undergraduate programs.
The impact of Scholarchips extends beyond financial assistance; it fosters a supportive community through its mentorship program launched in May 2020. Scholars are paired with vetted mentors, leading to meaningful relationships that enhance personal and academic growth. Participants report that these connections are mutually beneficial, emphasizing the value of guidance and encouragement in navigating college life.
Additionally, the organization provides cultural enrichment and college life skills workshops, equipping scholars with essential tools for success. By creating a robust peer support network, Scholarchips inspires resilience and ambition among young individuals facing unique challenges. Overall, Scholarchips Inc. is transforming lives and breaking the cycle of disadvantage through education and mentorship.
This information is meant to be a general summary of Scholarchips 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.
- Gross Receipts: $291,640
Assets and Liabilities:
- Total Assets: $513,986
- Total Liabilities: $3,466
- Net Assets: $510,520
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Organization Details
Founding Year
2014
Principal Officer
Yasmine Arrington
Main Address
22 Galatin Street NE, Washington, DC, 20001
Website
www.scholarchipsfund.orgNTEE Category
Code: B82 - Education
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