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Nonprofit · EIN 27-0232250

SCHOLARSHOT

Tax-exempt · DALLAS, TX 75226

Financials

$1.5M$1.5M2023$1.5M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of SCHOLARSHOT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,455,813$1,586,101-$130,288$203,578$146,858$56,720
December 31, 2023990$1,472,058$1,512,129-$40,071$342,650$155,642$187,008
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,454,197
Program service revenue
$0
Investment income
$1,616
Other revenue
$0

Expenses

Grants and similar amounts paid
$516,296
Compensation of officers, directors and key employees
$167,500
Other salaries and wages
$533,877
Salaries, compensation and benefits (total)
$727,903
Professional fundraising fees
$0
Accounting fees
$30,680
Program services (functional)
$1,381,963
Management and general (functional)
$118,564
Fundraising (functional)
$85,574

Balance sheet and other

Total assets, start of year
$342,650
Total assets, end of year
$203,578
Total liabilities, end of year
$146,858
Net assets, end of year
$56,720
Net assets without donor restrictions
$56,720
Gross receipts
$1,455,813
Employees
10
Volunteers
0
Year formed
2009
State of legal domicile
TX

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
DAN HOOPEREXECUTIVE DIRECTOR
Trustee or director, Officer
40$167,500
CLIFF BRALYFINANCE, VICE CHAIR
Trustee or director, Officer
1$0
ISABEL BROWNFINANCE
Trustee or director
1$0
MARIO DOLANGOVERNANCE
Trustee or director
1$0
COLE EVANSOPERATIONS
Trustee or director
1$0
GUY KERRCOMPLIANCE & GOVERNANCE
Trustee or director
1$0
DREW CRICHTONOPERATIONS
Trustee or director
1$0
GEORGE MORGANTREASURER
Trustee or director, Officer
1$0
WINIFRED MUNDINGEREVENTS
Trustee or director
1$0
LOU SCHAUFELEOPERATIONS CHAIR
Trustee or director
1$0
ROB SPENCERFUNDING
Trustee or director
1$0
VAN SHEETSFUNDING
Trustee or director
1$0
KARLA SALINASFUNDING
Trustee or director
1$0
JIM WILLSBOARD CHAIR
Trustee or director, Officer
1$0
POORNIMA PRASADGOVERNANCE, HR
Trustee or director
1$0
1 more people on this return
NameTitleHours / weekCompensation
TIANEN STEPHENSONPROGRAM
Trustee or director
1$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
DAN HOOPEREXECUTIVE DIRECTOR
Trustee or director, Officer
40$185,000
CLIFF BRALYFINANCE, VICE CHAIR
Trustee or director, Officer
1$0
ISABEL BROWNFINANCE
Trustee or director
1$0
MARIO DOLANGOVERNANCE
Trustee or director
1$0
COLE EVANSOPERATIONS
Trustee or director
1$0
GUY KERRCOMPLIANCE & GOVERNANCE
Trustee or director
1$0
DREW CRICHTONOPERATIONS
Trustee or director
1$0
GEORGE MORGANTREASURER
Trustee or director, Officer
1$0
WINIFRED MUNDINGEREVENTS
Trustee or director
1$0
LOU SCHAUFELEOPERATIONS CHAIR
Trustee or director
1$0
ROB SPENCERFUNDING
Trustee or director
1$0
VAN SHEETSFUNDING
Trustee or director
1$0
ENISHA SHROPSHIREEVENTS
Trustee or director
1$0
JIM WILLSBOARD CHAIR
Trustee or director, Officer
1$0
POORNIMA PRASADGOVERNANCE, HR
Trustee or director
1$0
TIANEN STEPHENSONPROGRAM
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1808 S GOOD LATIMER EXPY, DALLAS, TX 75226-2202
In care of
% SCHOLARSHOT
Principal officer (990 for 2024)
DAN HOOPER, 2904 SWISS AVENUE, DALLAS, TX 75204
Signed the 990
DAN HOOPER, EXECUTIVE DIRECTOR
Phone
(214) 540-4332
Return prepared by
MALNORY MCNEAL & COMPANY PC

Mission

SUPPORTS FIRST-GENERATION STUDENTS IN ACHIEVING CAREER-READY CERTIFICATES OR DEGREES TO STRENGTHEN THE TEXAS WORKFORCE AND IMPROVE INSTITUTIONAL OUTCOMES.

990 for the year ended December 31, 2024

Program accomplishments

  • OUR SCHOLAR PROGRAM HAS A 90% DEGREE COMPLETION RATE AND PROVIDES FUNDING, ONE-ON-ONE ACADEMIC AND EMOTIONAL SUPPORT TO LOW-INCOME, FIRST-GENERATION STUDENTS. THE KEY TO OUR HIGH SUCCESS RATE IS THE ROLE OF OUR ACADEMIC MANAGERS. THEY ASSIST WITH DEGREE PLANNING, BUDGETING AND PROVIDE PERSISTENT HANDS=ON GUIDANCE AND EMOTIONAL SUPPORT.WE HAVE LEVERAGED THE DATA WE HAVE GLEANED FROM THE SCHOLAR PROGRAM TO CREATE BEST PRACTICES THAT WE HAVE SHARED WITH COLLEGES AND UNIVERSITIES THROUGH OUR UNIVERSITY REPORT CARD. PUBLISHED ANNUALLY FROM 2020, THE REPORT CARD MEASURES AND CHALLENGES HOW UNIVERSITIES ENGAGE AND SUPPORT FIRST-GENERATION, LOW-INCOME STUDENTS.THE GAPAPP IS A FREE MOBILE TOOL WHERE TEXAS STUDENTS COMPLETE THEIR PROFILE TO FIND THEIR BEST OPTIONS AFTER HIGH SCHOOL. STUDENTS WITH NO POST-DIPLOMA PLANS ARE REFERRED TO 3 LOCAL COMMUNITY COLLEGE GAMPUSES TO EARN AT LEAST A VOCATIONAL CERTIFICATE. STUDENTS MAKING COLLEGE PLANS ARE SHOWN THEIR BEST SCHOOL MATCHES BASED ON THEIR FINANCIAL AND ACADEMIC ASSETS.TO BETTER PREPARE HIGH SCHOOLERS WE HAVE LAUNCHED MAPPING YOUR FUTURE, A COMPREHENSIVE CURRICULUM. DESIGNED BY EDUCATION EXPERTS, THE CURRICULUM COMBINES COLLEGE AND CAREER EXPLORATION WITH FINANCIAL LITERACY LEADING TO A GREATER UNDERSTANDING OF A STUDENT'S PATH AFTER HIGH SCHOOL.
    Expenses $1,381,963 · grants $516,296

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-0232250
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
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$203,578
Income (IRS master file)
$1,455,813

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,455,813$1,586,101$203,578XML
990December 2023$1,472,058$1,512,129$342,650XML
990December 2022$1,283,608$1,435,295$385,838IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about SCHOLARSHOT

What is the EIN of SCHOLARSHOT?
The employer identification number (EIN) of SCHOLARSHOT is 27-0232250.
Is SCHOLARSHOT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to SCHOLARSHOT tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SCHOLARSHOT 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 SCHOLARSHOT due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SCHOLARSHOT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SCHOLARSHOT?
The 990 for the year ended December 31, 2024 names DAN HOOPER.
Who are the officers and directors of SCHOLARSHOT?
The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $167,500 (DAN HOOPER, EXECUTIVE DIRECTOR).
How much revenue does SCHOLARSHOT have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,455,813, expenses of $1,586,101 and total assets of $203,578 at year end.

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