Nonprofit · EIN 81-0834789
ANSWER SCHOLARSHIP INC
Tax-exempt · CHARLOTTE, NC 28277
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $294,416 | $296,621 | -$2,205 | $188,033 | $1,167 | $186,866 |
| June 30, 2024 | 990 | $245,334 | $299,472 | -$54,138 | $182,105 | $2,432 | $179,673 |
| June 30, 2023 | 990 | $230,287 | $280,957 | -$50,670 | $227,507 | $1,482 | $226,025 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $288,629
- Program service revenue
- $0
- Investment income
- $151
- Net income from fundraising events
- $5,636
- Other revenue
- $5,636
Expenses
- Grants and similar amounts paid
- $78,174
- Compensation of officers, directors and key employees
- $35,000
- Other salaries and wages
- $32,517
- Salaries, compensation and benefits (total)
- $80,134
- Professional fundraising fees
- $0
- Travel
- $2,222
- Program services (functional)
- $171,733
- Management and general (functional)
- $53,684
- Fundraising (functional)
- $71,204
Balance sheet and other
- Total assets, start of year
- $182,105
- Total assets, end of year
- $188,033
- Total liabilities, end of year
- $1,167
- Net assets, end of year
- $186,866
- Net assets without donor restrictions
- $185,034
- Net assets with donor restrictions
- $1,832
- Gross receipts
- $302,757
- Employees
- 3
- Volunteers
- 60
- Year formed
- 2015
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan Andersen | Executive Dir. Trustee or director, Officer | 35 | $32,625 | $7,419 |
| Brian Wallace | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| LaWanda Goodman | Director Trustee or director | 1 | $0 | $0 |
| Tani Seymore | Director Trustee or director | 1 | $0 | $0 |
| Felix Nater | Director Trustee or director | 1 | $0 | $0 |
| Lori Myers | Director Trustee or director | 1 | $0 | $0 |
| Paula Goolkasian | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Sharon Townsend | Director Trustee or director | 1 | $0 | $0 |
| Gwyndolan Swain | Director Trustee or director | 1 | $0 | $0 |
| Bill Girone | Director Trustee or director | 1 | $0 | $0 |
| Pam Marsh | Director Trustee or director | 1 | $0 | $0 |
| Adam Messner | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Molly Beckert | Director Trustee or director | 1 | $0 | $0 |
| Teri Kubbs | Director Trustee or director | 1 | $0 | $0 |
| Nancy Valentine | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan Andersen | Executive Dir. Trustee or director, Officer | 35 | $30,250 | $7,183 |
| Brian Wallace | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| LaWanda Goodman | Director Trustee or director | 1 | $0 | $0 |
| Tani Seymore | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Felix Nater | Director Trustee or director | 1 | $0 | $0 |
| Lori Meyers | Director Trustee or director | 1 | $0 | $0 |
| Paula Goolkasian | Director Trustee or director | 1 | $0 | $0 |
| Sharon Townsend | Director Trustee or director | 1 | $0 | $0 |
| Gwyndolan Swain | Director Trustee or director | 1 | $0 | $0 |
| Bill Girone | Director Trustee or director | 1 | $0 | $0 |
| Pam Sanders-Marsh | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Susan Andersen | CEO Trustee or director, Officer | 35 | $20,104 | $6,547 |
| Russell Blaise | Director Trustee or director | 1 | $0 | $0 |
| Tani Seymore | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Kevin MacMurphy | Director Trustee or director | 2 | $0 | $0 |
| Brian Wallace | Director Trustee or director | 5 | $0 | $0 |
| Paula Goolkasian | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Decora Cooper | Director Trustee or director | 1 | $0 | $0 |
| Vidya Parthasarathy | Director Trustee or director | 1 | $0 | $0 |
| Felix Nater | Director Trustee or director | 2 | $0 | $0 |
| Lori Myers | Director Trustee or director | 2 | $0 | $0 |
| Gwyndolan Swain | Director Trustee or director | 2 | $0 | $0 |
| LaWanda Goodman | Director Trustee or director | 2 | $0 | $0 |
| Teri Kubbs | Director Trustee or director | 2 | $0 | $0 |
| Sharon Townsend | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9805 SANDY ROCK PL STE C208, CHARLOTTE, NC 28277-7730
- In care of
- % SUSAN A ANDERSEN
- Principal officer (990 for 2024)
- Susan Andersen, 9805 Sandy Rock Place C208, Charlotte, NC 28277
- Signed the 990
- Susan Andersen, Executive Director
- Phone
- (704) 544-1988
- Website
- WWW.ANSWERSCHOLARSHIP.ORG
- Return prepared by
- Foard and Company PA
Mission
To mentor and prepare mothers of school-age children to achieve a college education and inspire them to be role models of academic, personal, and professional success for their children.
Program accomplishments
- MENTORS FOR MOM PROGRAM - ONE OF THE MOST IMPACTFUL THINGS WE DO FOR OUR SCHOLARS IS CONNECT THEM WITH A VOLUNTEER MENTOR THROUGH OUR MENTORS FOR MOM PROGRAM. MENTORS OFFER OUR SCHOLARS SUPPORT AND GUIDANCE ON BALANCING FAMILY, WORK AND SCHOOL. SCHOLARS MEET REGULARLY WITH THEIR MENTORS FOR ADVICE, MOTIVATION, OR SIMPLY AS A SOUNDING BOARD. SCHOLARS AND MENTORS ALSO CONVENE MONTHLY AS A GROUP, WHERE THEY SHARE EXPERIENCES AND LEARN FROM EXPERTS ON ESSENTIAL TOPICS, SUCH AS FINANCIAL PLANNING, PROFESSIONAL DEVELOPMENT AND WOMEN'S HEALTH. SCHOLARS MUST PARTICIPATE IN THE MENTORS FOR MOM PROGRAM AS PART OF THE SCHOLARSHIP TERMS. THIS PROGRAM IS UTILIZED TO GAUGE HOW WELL THE SCHOLARS ARE DOING IN SCHOOL, ALLOWING US TO IDENTIFY AND RESOLVE ISSUES BEFORE THEY BECOME SETBACKS.Expenses $93,559
- AT FOUNDATION FOR THE CAROLINAS, THE ENDOWMENT FUND IS CALLED THE ANSWER SCHOLARSHIP ENDOWMENT. ANSWER INC. UTILIZES THIS FUND AS A MEANS TO PROVIDE SCHOLARSHIPS FOR STUDENTS. IN 2024, FOUNDATION FOR THE CAROLINAS AWARDED $97,625 IN SCHOLARSHIPS TO ANSWER INC. SCHOLARS, $78,174 OF WHICH WAS PROVIDED BY ANSWER INC. THE REMAINING $19,451 WAS PROVIDED BY THE ENDOWMENT.Expenses $78,174 · grants $78,174
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0834789
- 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
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $188,033
- Income (IRS master file)
- $302,757
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $294,416 | $296,621 | $188,033 | IRS |
| 990 | June 2024 | $245,334 | $299,472 | $182,105 | XML |
| 990 | June 2023 | $230,287 | $280,957 | $227,507 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | 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 81-0834789).
Questions about ANSWER SCHOLARSHIP INC
- What is the EIN of ANSWER SCHOLARSHIP INC?
- The employer identification number (EIN) of ANSWER SCHOLARSHIP INC is 81-0834789.
- Is ANSWER SCHOLARSHIP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to ANSWER SCHOLARSHIP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ANSWER SCHOLARSHIP 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 ANSWER SCHOLARSHIP INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ANSWER SCHOLARSHIP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ANSWER SCHOLARSHIP INC?
- The 990 for the year ended June 30, 2025 names Susan Andersen.
- Who are the officers and directors of ANSWER SCHOLARSHIP INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $32,625 (Susan Andersen, Executive Dir.).
- How much revenue does ANSWER SCHOLARSHIP INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $294,416, expenses of $296,621 and total assets of $188,033 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Human services