Nonprofit · EIN 04-2296967
SCHOLARSHIP AMERICA INC
Tax-exempt · MINNEAPOLIS, MN 55425
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $259,854,510 | $254,926,933 | $4,927,577 | $207,402,128 | $62,793,918 | $144,608,210 |
| December 31, 2024 | 990 | $259,860,246 | $243,305,423 | $16,554,823 | $194,413,585 | $60,114,471 | $134,299,114 |
| December 31, 2023 | 990 (amended) | $240,271,340 | $234,740,961 | $5,530,379 | $172,303,174 | $57,025,596 | $115,277,578 |
| December 31, 2021 | 990 | $217,380,140 | $207,417,115 | $9,963,025 | $171,886,443 | $61,710,352 | $110,176,091 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $236,420,974
- Program service revenue
- $15,590,984
- Investment income
- $7,736,205
- Net gain from sales of assets
- $2,356,619
- Net income from fundraising events
- -$3,692
- Other revenue
- $106,347
Expenses
- Grants and similar amounts paid
- $227,632,801
- Compensation of officers, directors and key employees
- $1,337,592
- Other salaries and wages
- $11,309,461
- Salaries, compensation and benefits (total)
- $15,758,341
- Professional fundraising fees
- $0
- Legal fees
- $164,028
- Accounting fees
- $82,000
- Occupancy
- $439,331
- Travel
- $320,729
- Depreciation
- $1,092,820
- Program services (functional)
- $239,355,137
- Management and general (functional)
- $13,410,343
- Fundraising (functional)
- $2,161,453
Balance sheet and other
- Total assets, start of year
- $194,413,585
- Total assets, end of year
- $207,402,128
- Total liabilities, end of year
- $62,793,918
- Net assets, end of year
- $144,608,210
- Land, buildings and equipment
- $1,466,591
- Publicly traded securities
- $168,276,051
- Net assets without donor restrictions
- $13,209,387
- Net assets with donor restrictions
- $131,398,823
- Gross receipts
- $529,446,915
- Employees
- 219
- Volunteers
- 9,600
- Year formed
- 1961
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL NYLUND | PRESIDENT AND CEO Officer | 40 | $400,913 | $37,848 |
| RICHARD GREENE | CHIEF FINANCIAL OFFICER Officer | 40 | $286,732 | $42,700 |
| ABIGAIL SELDIN | CHIEF GROWTH OFFICER Key employee | 40 | $283,144 | $14,354 |
| JONELL SANCHEZ | CHIEF PRODUCT AND TECHNOLOGY OFFICER Key employee | 40 | $259,509 | $12,391 |
| JENNIFER MENKE | VICE PRESIDENT, HUMAN RESOURCES Highest-paid employee | 40 | $222,468 | $38,850 |
| KIMBERLY HANSON | VICE PRESIDENT, PARTNER SOLUTIONS Highest-paid employee | 40 | $211,712 | $32,765 |
| JOSEPH GREEN | ASSOC VP, PRODUCT & RESEARCH Highest-paid employee | 40 | $190,777 | $18,298 |
| NICHOLAS LEONARD MASON | GENERAL COUNSEL Highest-paid employee | 40 | $153,904 | $31,960 |
| CLAIRE BERGE SCHMIDT | ASSOC VP, MARKETING Highest-paid employee | 40 | $120,252 | $40,354 |
| MICHAEL MANEY | BOARD CHAIR/TRUSTEE Trustee or director, Officer | 5 | $0 | $0 |
| TREASA BOWERS | COMP COMM CHAIR/TRUSTEE Trustee or director | 5 | $0 | $0 |
| MUNEERA CARR | AUDIT COMM CHAIR/TRUSTEE Trustee or director | 5 | $0 | $0 |
| JIM DLUGOS | GOVERN COMM CHAIR/TRUSTEE Trustee or director | 5 | $0 | $0 |
| HAZEL MCNEILAGE | TREASURER FINANCE & INVESTMENT COMM CHAIR/TRUSTEE Trustee or director, Officer | 5 | $0 | $0 |
| SALMAN RAVALA | GROWTH COMM CHAIR/TRUSTEE Trustee or director | 5 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUCINDA ROBB | SECRETARY/TRUSTEE Trustee or director, Officer | 5 | $0 |
| TINA LEE | PAST CHAIR/TRUSTEE Trustee or director, Officer | 3 | $0 |
| DICK SCHWAB | HRT CHAIR PRO TEM/TRUSTEE Trustee or director | 5 | $0 |
| ALAIN KARAOGLAN | TRUSTEE Trustee or director | 3 | $0 |
| DANIEL LEE | TRUSTEE Trustee or director | 3 | $0 |
| SAMATA NARRA | TRUSTEE Trustee or director | 3 | $0 |
| JOE PALOMBO | TRUSTEE Trustee or director | 3 | $0 |
990 for the year ended December 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL NYLUND | PRESIDENT AND CEO Officer | 40 | $330,541 | $33,895 |
| RICHARD GREENE | CHIEF FINANCIAL OFFICER Officer | 40 | $262,417 | $47,856 |
| ABIGAIL SELDIN | CHIEF GROWTH OFFICER Highest-paid employee | 40 | $245,632 | $11,686 |
| JENNIFER MENKE | VICE PRESIDENT, HUMAN RESOURCES Highest-paid employee | 40 | $207,879 | $30,561 |
| KIMBERLY HANSON | VICE PRESIDENT, PARTNER SOLUTIONS Highest-paid employee | 40 | $196,552 | $27,454 |
| JONELL SANCHEZ | CHIEF PRODUCT AND TECHNOLOGY OFFICER Highest-paid employee | 40 | $191,348 | $7,548 |
| NICHOLAS LEONARD MASON | GENERAL COUNSEL Highest-paid employee | 40 | $149,569 | $28,064 |
| MICHAEL MANEY | CHAIR OF THE BOARD OF TRUSTEES Trustee or director, Officer | 5 | $0 | $0 |
| TREASA BOWERS SECRETARY | COMPENSATION COMMITTEE CHAIR Trustee or director | 5 | $0 | $0 |
| MUNEERA CARR | AUDIT COMMITTEE CHAIR Trustee or director | 5 | $0 | $0 |
| HAZEL MCNEILAGE | TREASURER, FINANCE & INVESTMENT COMMITTEE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JIM DLUGOS | GOVERNANCE COMMITTEE CHAIR Trustee or director | 5 | $0 | $0 |
| SALMAN RAVALA | GROWTH COMMITTEE CHAIR Trustee or director | 5 | $0 | $0 |
| BARBARA MCBEE | HRT CHAIR PRO TEM Trustee or director | 3 | $0 | $0 |
| TINA LEE | PAST CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| ALAIN KARAOGLAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ANGEL PEREZ | TRUSTEE Trustee or director | 3 | $0 | $0 |
| AUTUMN MANNING | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BILL YOUNG | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DANIEL LEE | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DICK SCHWAB | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JOE PALOMBO | TRUSTEE Trustee or director | 3 | $0 | $0 |
| LUCINDA ROBB | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SAMATA NARRA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SANTIAGO MARQUEZ | TRUSTEE Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL NYLUND | PRESIDENT AND CEO Officer | 40 | $312,172 | $33,941 |
| RICHARD GREENE | CHIEF FINANCIAL OFFICER Officer | 40 | $241,455 | $39,699 |
| DONALD YU | Chief Strategy Product Officer Highest-paid employee | 40 | $223,346 | $32,959 |
| MICHAEL PECKENSCHNEIDER | VICE PRESIDENT, INFORMATION TECH. Highest-paid employee | 40 | $228,518 | $9,339 |
| JENNIFER MENKE | VICE PRESIDENT, HUMAN RESOURCES Highest-paid employee | 40 | $191,396 | $32,308 |
| ANDREA SMITH | VICE PRESIDENT, DEVELOPMENT & MARKET Highest-paid employee | 40 | $204,478 | $18,067 |
| AARON NOTTESTAD | Director, Software Engineering Highest-paid employee | 40 | $188,050 | $19,507 |
| HAZEL M MCNEILAGE | Treasurer and Fin. & Inv. Committee Chair Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL MANEY | Chair of the Board of Trustees Trustee or director, Officer | 5 | $0 | $0 |
| TINA LEE | immediate Past CHAIR OF THE BOARD Trustee or director, Officer | 3 | $0 | $0 |
| TREASA G BOWERS | Secretary of the Board Trustee or director, Officer | 5 | $0 | $0 |
| ALAIN KARAOGLAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ANGEL PEREZ | TRUSTEE Trustee or director | 3 | $0 | $0 |
| AUTUMN MANNING | TRUSTEE Trustee or director | 3 | $0 | $0 |
| BARBARA MCBEE | HRT CHAIR PRO-TEM Trustee or director | 3 | $0 | $0 |
| daniel lee | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JAMES DLUGOS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JEFFREY M SILVERMAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JOSEPH PALOMBO | TRUSTEE Trustee or director | 3 | $0 | $0 |
| LUCINDA D ROBB | Governance Committee Chair Trustee or director | 5 | $0 | $0 |
| M SALMAN RAVALA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MARK P TURCHAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MUNEERA CARR | Audit Committee Chair Trustee or director | 5 | $0 | $0 |
| RICHARD J SCHWAB | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SAMATA NARRA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| SANTIAGO MARQUEZ | TRUSTEE Trustee or director | 3 | $0 | $0 |
| WILLIAM C YOUNG | Development Committee Chair Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2021: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT BALLARD | PRESIDENT AND CEO Officer | 40 | $335,981 | $44,664 |
| RICHARD GREENE | CHIEF FINANCIAL OFFICER Officer | 40 | $236,362 | $36,245 |
| RHIANNA QUINN RODDY | EXECUTIVE DIRECTOR, FOF Highest-paid employee | 40 | $227,047 | $43,695 |
| JENNIFER MENKE | VP, HUMAN RESOURCES Highest-paid employee | 40 | $183,619 | $30,487 |
| ANDREA SMITH | VP, DEV. & MARKETING Highest-paid employee | 40 | $190,306 | $16,735 |
| MICHAEL NYLUND | VP, PROD. STRATEGY & PRT. SOLUTIONS Highest-paid employee | 40 | $187,405 | $16,831 |
| BONNIE MELVILLE | VP, OPERATIONS Highest-paid employee | 40 | $187,726 | $15,092 |
| TINA LEE | CHAIR OF THE BOARD Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL D RYAN | PAST CHAIR OF THE BOARD Trustee or director, Officer | 5 | $0 | $0 |
| HAZEL M MCNEILAGE | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| RICHARD J SCHWAB | TREASURER, FINANCE & INV. Trustee or director, Officer | 5 | $0 | $0 |
| DOUGLAS J MELLO | TRUSTEE Trustee or director | 3 | $0 | $0 |
| WILLIAM C YOUNG | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ROXANNE SPLILLETT | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MARK P TURCHAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MARK L MADRID | TRUSTEE Trustee or director | 3 | $0 | $0 |
| LUCINDA D ROBB | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MICHAEL MANEY | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JOSEPH PALOMBO | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MICHAEL RYDER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| ALAIN KARAOGLAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JEFFREY MSILVERMAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| TREASA G BOWERS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| JAMES DLUGOS | TRUSTEE Trustee or director | 3 | $0 | $0 |
| M SALMAN RAVALA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| LISA MCGEOUGH | TRUSTEE - PART YEAR Trustee or director | 3 | $0 | $0 |
| SANTIAGO MARQUEZ | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MUNEERA CARR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| AUTUMN MANNING | TRUSTEE Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7900 INTERNATIONAL DR STE 500, MINNEAPOLIS, MN 55425-2561
- Mailing address (990-N for 2025)
- PO Box 185, New Salem ND 58563
- Principal officer (990 for 2025)
- MICHAEL NYLUND, 7900 INTERNATIONAL DR 500, MINNEAPOLIS, MN 55425
- Principal officer (990-N for 2025)
- Kayla Christopherson, PO Box 256, New Salem ND 58563
- Signed the 990
- RICHARD GREENE, CFO
- Phone
- (952) 830-7396
- Website
- WWW.SCHOLARSHIPAMERICA.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
SEE SCHEDULE OSCHOLARSHIP AMERICA IS DEDICATED TO REMOVING FINANCIAL BARRIERS SO EVERY STUDENT HAS THE OPPORTUNITY TO PURSUE THEIR DREAMS. OUR MISSION FOCUSES ON PROVIDING EQUITABLE PATHWAYS TO EDUCATION AND TRAINING, ESPECIALLY FOR THOSE WITH FINANCIAL NEED. BY PARTNERING WITH GENEROUS DONORS AND SPONSORS, WE WORK TO ENSURE OUTSTANDING STUDENTS CAN ACCESS THE RESOURCES THEY NEED TO SUCCEED. IN OUR OVER 60 YEARS OF HISTORY, WE HAVE MANAGED TO ADMINISTER AND AWARD $6 BILLION IN SCHOLARSHIPS TO MORE THAN 3.5 MILLION DESERVING STUDENTS ON THE PATHWAY TO EDUCATION.
Program accomplishments
- 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.Expenses $238,954,234 · grants $227,632,801 · revenue $15,278,384
- DOLLARS FOR SCHOLARS IS A NATIONAL NETWORK OF 424 COMMUNITY-BASED, VOLUNTEER-DRIVEN AFFILIATED ORGANIZATIONS THAT RAISE FUNDS AND PROVIDE SCHOLARSHIPS AND EDUCATIONAL SUPPORT TO LOCAL STUDENTS IN COMMUNITIES ACROSS THE COUNTRY.Expenses $400,903 · revenue $312,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 04-2296967
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Group exemption
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Group exemption
- 1546 (412 member organizations)
- Assets (IRS master file)
- $207,402,128
- Income (IRS master file)
- $529,446,915
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Kayla Christopherson | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2025 | $259,854,510 | $254,926,933 | $207,402,128 | XML |
| 990-N for 2024 Officer: Kayla Christopherson | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2024 | $259,860,246 | $243,305,423 | $194,413,585 | XML |
| 990-N for 2023 Officer: Kayla Christopherson | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $240,271,340 | $234,740,961 | $172,303,174 | XML |
| 990-N for 2022 Officer: Kayla Christopherson | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2022 | $222,521,699 | $217,322,589 | $168,435,471 | IRS |
| 990 | December 2021 | $217,380,140 | $207,417,115 | $171,886,443 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: Tracey Masters | June 30, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2296967).
Questions about SCHOLARSHIP AMERICA INC
- What is the EIN of SCHOLARSHIP AMERICA INC?
- The employer identification number (EIN) of SCHOLARSHIP AMERICA INC is 04-2296967.
- Is SCHOLARSHIP AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Are donations to SCHOLARSHIP AMERICA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does SCHOLARSHIP AMERICA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SCHOLARSHIP AMERICA INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHOLARSHIP AMERICA INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of SCHOLARSHIP AMERICA INC?
- The 990 for the year ended December 31, 2025 names MICHAEL NYLUND.
- Who are the officers and directors of SCHOLARSHIP AMERICA INC?
- The 990 for the year ended December 31, 2025 lists 22 people; 9 received compensation from the organization, the highest $400,913 (MICHAEL NYLUND, PRESIDENT AND CEO).
- How much revenue does SCHOLARSHIP AMERICA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $259,854,510, expenses of $254,926,933 and total assets of $207,402,128 at year end.
Organizations in its group exemption (412)
- SCHOLARSHIP AMERICA INC EIN 23-7039405 · MINNEAPOLIS, MN · last filed 990 for 2025
- SCHOLARSHIP AMERICA INC EIN 46-5054610 · BOYNTON BEACH, FL · last filed 990 for 2022
- SCHOLARSHIP AMERICA INC EIN 04-2978990 · MARBLEHEAD, MA
- SCHOLARSHIP AMERICA INC EIN 46-5221669 · LOS ANGELES, CA · last filed 990-EZ for 2023
- SCHOLARSHIP AMERICA INC EIN 46-5045819 · EYOTA, MN · last filed 990-EZ for 2024
- SCHOLARSHIP AMERICA INC EIN 46-5109960 · NEW SALEM, ND · last filed 990-N for 2020
- SCHOLARSHIP AMERICA INC EIN 46-5089850 · LEBANON, NH · last filed 990-N for 2025
- SCHOLARSHIP AMERICA INC EIN 46-5528930 · BEACH, ND · last filed 990-N for 2025
- SCHOLARSHIP AMERICA INC EIN 46-5672593 · RIVERSIDE, CA · last filed 990-N for 2021
- SCHOLARSHIP AMERICA INC EIN 46-5307452 · SYRACUSE, NY · last filed 990-N for 2025
- SCHOLARSHIP AMERICA INC EIN 46-5098968 · NEW ROCKFORD, ND · last filed 990-N for 2020
- SCHOLARSHIP AMERICA INC EIN 46-5063673 · EDGELEY, ND · last filed 990-N for 2017
- SCHOLARSHIP AMERICA INC EIN 41-1709875 · SWANVILLE, MN · last filed 990-N for 2012
- SCHOLARSHIP AMERICA INC EIN 46-5094560 · HAZELTON, ND · last filed 990-N for 2018
- SCHOLARSHIP AMERICA INC EIN 46-5529961 · ALLEGAN, MI · last filed 990-N for 2025
- SCHOLARSHIP AMERICA INC EIN 46-5065394 · FORMAN, ND · last filed 990-N for 2016
- SCHOLARSHIP AMERICA INC EIN 46-5002618 · SHERMAN OAKS, CA · last filed 990-N for 2013
- SCHOLARSHIP AMERICA INC EIN 46-5134561 · AURORA, IL · last filed 990-N for 2015
- SCHOLARSHIP AMERICA INC EIN 46-5170838 · MARION, ND · last filed 990-N for 2019
- SCHOLARSHIP AMERICA INC EIN 46-5114209 · TRIPOLI, IA · last filed 990-N for 2014
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