Nonprofit · EIN 20-3721836
THE SCHOLARSHIP ACADEMY
Tax-exempt · ATLANTA, GA 30303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $1,097,893 | $1,061,753 | $36,140 | $971,631 | $254,716 | $716,915 |
| August 31, 2024 | 990 (amended) | $1,561,755 | $1,018,868 | $542,887 | $1,239,117 | $350,326 | $888,791 |
| August 31, 2023 | 990 (amended) | $935,179 | $997,597 | -$62,418 | $761,429 | $419,576 | $341,853 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $902,810
- of which government grants
- $282,392
- Program service revenue
- $189,153
- Investment income
- $1,803
- Other revenue
- $4,127
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $129,167
- Other salaries and wages
- $485,393
- Salaries, compensation and benefits (total)
- $708,279
- Professional fundraising fees
- $0
- Legal fees
- $19,760
- Occupancy
- $92,893
- Travel
- $9,139
- Depreciation
- $8,306
- Program services (functional)
- $912,005
- Management and general (functional)
- $140,076
- Fundraising (functional)
- $9,672
Balance sheet and other
- Total assets, start of year
- $1,239,117
- Total assets, end of year
- $971,631
- Total liabilities, end of year
- $254,716
- Net assets, end of year
- $716,915
- Land, buildings and equipment
- $17,499
- Publicly traded securities
- $18,818
- Net assets without donor restrictions
- $383,333
- Net assets with donor restrictions
- $333,582
- Gross receipts
- $1,097,893
- Employees
- 32
- Volunteers
- 30
- Year formed
- 2006
- State of legal domicile
- GA
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jessica Johnson | Executive Director Key employee | 40 | $137,000 |
| Necolle Robinson | Director Trustee or director | 2 | $0 |
| Calvin Ward | Director Trustee or director | 2 | $0 |
| Vincent Baskerville | Director Trustee or director | 2 | $0 |
| Kevin Artis Jr | Director Trustee or director, Institutional trustee | 3 | $0 |
| Lisa Lockman | Director Trustee or director | 2 | $0 |
| Stacy Mitchener | Director Trustee or director | 2 | $0 |
| Lydia Sermons Ward | Director Trustee or director | 2 | $0 |
| Marc Hardy | Chairman Trustee or director, Officer | 5 | $0 |
990 for the year ended August 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSICA JOHNSON | Executive Dir. Trustee or director | 40 | $121,000 |
| MARC HARDY | Chairman Trustee or director, Officer | 5 | $0 |
| STACEY MITCHENER | Director Trustee or director | 2 | $0 |
| NECOLLE ROBINSON | Director Trustee or director | 2 | $0 |
| CALVIN WARD | Director Trustee or director | 2 | $0 |
| VINCENT BASKERVILLE | Director Trustee or director | 2 | $0 |
| KEVIN ARTIS JR | Secretary Trustee or director, Officer | 3 | $0 |
| LYDIA SERMONS WARD | Director Trustee or director | 2 | $0 |
| LISA LOCKMAN | Director Trustee or director | 2 | $0 |
990 for the year ended August 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSICA JOHNSON | Executive Dir. Trustee or director | 40 | $118,000 |
| MARC HARDY | Chairman Trustee or director, Officer | 5 | $0 |
| STACEY MITCHENER | Director Trustee or director | 2 | $0 |
| NECOLLE ROBINSON | Director Trustee or director | 2 | $0 |
| CALVIN WARD | Director Trustee or director | 2 | $0 |
| VINCENT BASKERVILLE | Director Trustee or director | 2 | $0 |
| KEVIN ARTIS JR | Director Trustee or director | 2 | $0 |
| LYDIA SERMONS WARD | Director Trustee or director | 2 | $0 |
| LISA LOCKMAN | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 50 HURT PLAZA SE, ATLANTA, GA 30303-2946
- In care of
- % JESSICA JOHNSON
- Signed the 990
- JESSICA JOHNSON, Executive Director
- Phone
- (470) 375-1732
- Return prepared by
- Abercrombie and Associates LLC
Mission
See Schedule O
Program accomplishments
- Program activities administered by the Academy include: Train the Trainer Sessions: These half-day sessions provide college counselors with an opportunity to streamline the financial aid process for low-income students. Financial Aid Outreach: The Academy hosts a series of innovative financial aid outreach events to introduce students to local, state, and national scholarship resources. Virtual Scholarship Center Access: The Academy has built a scholarship planning platform that it customizes with local/statebased aid opportunities for low-income students. The Academy is also registered in the State of Georgia, where it maintains its corporate office.Expenses $912,005
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 20-3721836
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $971,631
- Income (IRS master file)
- $1,097,893
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $1,097,893 | $1,061,753 | $971,631 | IRS |
| 990 | August 2024 | $1,561,755 | $1,018,868 | $1,239,117 | XML |
| 990 | August 2023 | $935,179 | $997,597 | $761,429 | XML |
| 990 | August 2022 | $951,016 | $603,624 | $627,857 | IRS |
| 990 | August 2021 | – | – | – | IRS |
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 20-3721836).
Questions about THE SCHOLARSHIP ACADEMY
- What is the EIN of THE SCHOLARSHIP ACADEMY?
- The employer identification number (EIN) of THE SCHOLARSHIP ACADEMY is 20-3721836.
- Is THE SCHOLARSHIP ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to THE SCHOLARSHIP ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SCHOLARSHIP ACADEMY 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 THE SCHOLARSHIP ACADEMY due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE SCHOLARSHIP ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who are the officers and directors of THE SCHOLARSHIP ACADEMY?
- The 990 for the year ended August 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $137,000 (Jessica Johnson, Executive Director).
- How much revenue does THE SCHOLARSHIP ACADEMY have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $1,097,893, expenses of $1,061,753 and total assets of $971,631 at year end.
Other nonprofits in ATLANTA
- EMORY UNIVERSITY EIN 58-0566256 · last filed 990 for 2025
- EMORY EIN 90-0790361 · last filed 990 for 2025
- GEORGIA TECH FOUNDATION INC EIN 58-6043294 · last filed 990 for 2025
- MOREHOUSE SCHOOL OF MEDICINE INC EIN 58-1438873 · last filed 990 for 2025
- CLARK ATLANTA UNIVERSITY INC EIN 58-1825259 · last filed 990 for 2025
- GEORGIA TECH ATHLETIC ASSOCIATION EIN 58-0622514 · last filed 990 for 2025
- MOREHOUSE COLLEGE EIN 58-0566205 · last filed 990 for 2025
- GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC EIN 58-1845423 · last filed 990 for 2025