Nonprofit · EIN 23-7039405
SCHOLARSHIP AMERICA INC
Also known as GROUP RETURN
Tax-exempt · MINNEAPOLIS, MN 55425
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $52,398,511 | $31,849,898 | $20,548,613 | $312,236,601 | $0 | $312,236,601 |
| December 31, 2024 | 990 | $42,758,638 | $29,330,151 | $13,428,487 | $277,252,707 | $0 | $277,252,707 |
| December 31, 2023 | 990 | $40,074,677 | $27,906,725 | $12,167,952 | $253,059,625 | $0 | $253,059,625 |
| December 31, 2021 | 990 | $45,248,225 | $25,700,308 | $19,547,917 | $246,361,861 | $0 | $246,361,861 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $34,673,032
- Program service revenue
- $0
- Investment income
- $15,322,411
- Net gain from sales of assets
- $5,020,234
- Net income from fundraising events
- $2,243,827
- Net income from gaming
- $94,469
- Other revenue
- $2,403,068
Expenses
- Grants and similar amounts paid
- $27,810,640
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $84,362
- Program services (functional)
- $28,370,889
- Management and general (functional)
- $3,004,714
- Fundraising (functional)
- $474,295
Balance sheet and other
- Total assets, start of year
- $277,252,707
- Total assets, end of year
- $312,236,601
- Total liabilities, end of year
- $0
- Net assets, end of year
- $312,236,601
- Land, buildings and equipment
- $2,429,904
- Publicly traded securities
- $230,703,463
- Net assets without donor restrictions
- $114,331,279
- Net assets with donor restrictions
- $197,905,322
- Gross receipts
- $70,953,625
- Employees
- 10
- Volunteers
- 8,999
- 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 |
|---|---|---|---|
| SEE | SCHEDULE O Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEE | SCHEDULE O Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEE | SCHEDULE O Trustee or director | 0 | $0 |
990 for the year ended December 31, 2021: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SEE | SCHEDULE O Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 7900 INTERNATIONAL DR STE 500, MINNEAPOLIS, MN 55425-2561
- Principal officer (990 for 2025)
- RICHARD GREENE, 7900 INTERNATIONAL DRIVE 500, MINNEAPOLIS, MN 55425
- Signed the 990
- RICHARD GREENE, CFO
- Phone
- (952) 830-7396
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
(SEE SCHEDULE O)
Program accomplishments
- SCHOLARSHIP AMERICA DOLLARS FOR SCHOLARS AFFILIATES ARE A NATIONAL NETWORK OF COMMUNITY-BASED, VOLUNTEER-OPERATED SCHOLARSHIP FOUNDATIONS IN CITIES, TOWNS, AND NEIGHBORHOODS THROUGHOUT THE UNITED STATES OF AMERICA. THE AFFILIATES PROVIDE AN EFFECTIVE WAY FOR COMMUNITIES TO WORK TOGETHER ON A LOCAL LEVEL TO PROVIDE FINANCIAL SUPPORT THROUGH SCHOLARSHIPS, AS WELL AS ACADEMIC SUPPORT, AND THEREBY ASSIST LOCAL STUDENTS IN ACHIEVING THEIR EDUCATIONAL GOALS.IN 2025 THERE WERE 424 AFFILIATES OPERATING IN 29 STATES AND THE DISTRICT OF COLUMBIA. NEARLY 9,600 VOLUNTEERS STAFF THEIR EFFORTS. THE VOLUNTEERS ARE GIVEN TRAINING TO RAISE SCHOLARSHIP MONEY, AS WELL AS PROVIDE ACADEMIC SUPPORT TO LOCAL STUDENTS. LAST YEAR, DOLLARS FOR SCHOLARS RAISED OVER $65.6 MILLION FOR CURRENT AND ENDOWED SCHOLARSHIPS; THEY AWARDED OVER $29.7 MILLION WITH THE BALANCE GOING TO ENDOWMENTS AND FUTURE SCHOLARSHIPS. SCHOLARSHIPS WERE GIVEN TO MORE THAN 18,200 STUDENTS.SINCE ITS INCEPTION IN 1958, SCHOLARSHIP AMERICA'S DOLLARS FOR SCHOLARS AFFILIATES HAVE DISTRIBUTED OVER $865.7 MILLION TO 977,408 STUDENTS. DOLLARS FOR SCHOLARS AFFILIATES NOT ONLY PROVIDE FINANCIAL SUPPORT, THEY ALSO PROVIDE ACADEMIC SUPPORT TO STUDENTS IN ORDER TO PREPARE THEM FOR POSTSECONDARY EDUCATION. ACADEMIC SUPPORT PROGRAMS INCLUDE DOLLARS FOR SCHOLARS VOLUNTEERS WHO ASSIST IN SCHOOLS, WHO MENTOR STUDENTS, WHO PROVIDE CAREER PLANNING AND WHO ASSIST STUDENTS EVALUATE THEIR COLLEGE AND VOCATIONAL SCHOOL OPPORTUNITIES. THESE SERVICES COMBINED WITH FUNDS MEAN ACCESS FOR MORE STUDENTS, WHO ARE BETTER ABLE TO BENEFIT FROM THE OPPORTUNITIES AVAILABLE TO THEM, AND WHO ARE AWARE OF WHAT THOSE OPPORTUNITIES CAN BE.Expenses $28,370,889 · grants $27,810,640
What it must file and when
IRS records say it files Group return. Included in a group return filed by its parent. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7039405
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Group return
- Category (NTEE)
- Education (B820)
- Group exemption
- 1546: SCHOLARSHIP AMERICA INC
- Assets (IRS master file)
- $312,236,601
- Income (IRS master file)
- $70,953,625
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $52,398,511 | $31,849,898 | $312,236,601 | XML |
| 990 | December 2024 | $42,758,638 | $29,330,151 | $277,252,707 | XML |
| 990 | December 2023 | $40,074,677 | $27,906,725 | $253,059,625 | XML |
| 990 | December 2022 | $29,151,786 | $25,702,075 | $229,703,495 | IRS |
| 990 | December 2021 | $45,248,225 | $25,700,308 | $246,361,861 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 23-7039405).
Questions about SCHOLARSHIP AMERICA INC
- What is the EIN of SCHOLARSHIP AMERICA INC?
- The employer identification number (EIN) of SCHOLARSHIP AMERICA INC is 23-7039405.
- Is SCHOLARSHIP AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Which annual return does SCHOLARSHIP AMERICA INC file?
- Form Group return. Included in a group return filed by its parent.
- 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 for the year ended December 2025.
- Who is the principal officer of SCHOLARSHIP AMERICA INC?
- The 990 for the year ended December 31, 2025 names RICHARD GREENE.
- Who are the officers and directors of SCHOLARSHIP AMERICA INC?
- The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does SCHOLARSHIP AMERICA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $52,398,511, expenses of $31,849,898 and total assets of $312,236,601 at year end.
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