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Nonprofit · EIN 81-3153433

SCHOLAR FUND

Tax-exempt · SEATTLE, WA 98121

Financials

$28.1M$26.7M2021$6.4M$6.1M2022$45.3M$45.7M2023
Revenue Expenses · by fiscal year end
Financials of SCHOLAR FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$45,276,999$45,725,910-$448,911$5,238,927$2,595,324$2,643,603
December 31, 2022990$6,361,050$6,106,819$254,231$17,258,076$14,165,562$3,092,514
December 31, 2021990$28,113,287$26,734,697$1,378,590$5,638,279$2,444,113$3,194,166
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$547,719
Program service revenue
$44,724,568
Investment income
$4,712
Other revenue
$0

Expenses

Grants and similar amounts paid
$39,151,442
Compensation of officers, directors and key employees
$936,111
Other salaries and wages
$2,244,144
Salaries, compensation and benefits (total)
$3,768,148
Professional fundraising fees
$0
Legal fees
$61,943
Occupancy
$9,384
Travel
$275,417
Program services (functional)
$43,048,483
Management and general (functional)
$2,673,844
Fundraising (functional)
$3,583

Balance sheet and other

Total assets, start of year
$17,258,076
Total assets, end of year
$5,238,927
Total liabilities, end of year
$2,595,324
Net assets, end of year
$2,643,603
Net assets with donor restrictions
$2,643,603
Gross receipts
$45,276,999
Employees
33
Volunteers
10
Year formed
2016
State of legal domicile
WA

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
David CovenCEO40$270,400
Brent SchroeterDirector of Engineering40$195,011
Malachi WilliamsDirector of Operations40$175,160
Mayzie MengSenior Software Engineer40$159,519
Maria Alejandra Perez GuzmanDirector of Education Strategy40$136,021
Princess ShareefChairman
Trustee or director, Officer
1$0
Eileen RobisonSecretary
Trustee or director, Officer
1$0
Ana M CauceDirector
Trustee or director
1$0
Paul GentschTreasurer
Trustee or director, Officer
1$0
Rachel LauterDirector
Trustee or director
1$0
990 for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensation
David CovenCEO
Highest-paid employee
40$229,600
Brent SchroeterDirector of Engineering
Key employee, Highest-paid employee
40$168,168
Malachi WilliamsDirector of Operations
Key employee, Highest-paid employee
40$154,060
Akerei IeseOperations Manager
Key employee
40$104,059
Princess ShareefBoard Chair
Trustee or director
2$0
Eileen RobisonSecretary
Trustee or director
2$0
Ana Mari CauceMember
Trustee or director
0.25$0
990 for the year ended December 31, 2021: 6 people
NameTitleHours / weekCompensation
David CovenCEO
Highest-paid employee
40$144,633
Malachi WilliamsDirector of Operations
Key employee
40$80,592
Brent SchroeterDirector of Engineering
Key employee
9$19,048
Princess ShareefBoard Chair
Trustee or director
2$0
Eileen RobisonSecretary
Trustee or director
2$0
Ana Mari CauceMember
Trustee or director
0.25$0

Address and contacts

Address (IRS master file)
300 LENORA ST PMB 1750, SEATTLE, WA 98121-2411
In care of
% DAVID COVEN
Mailing address (990-N for 2018)
PO BOX 46405, Seattle WA 98145
Principal officer (990 for 2023)
David Coven
Principal officer (990-N for 2018)
David Coven, PO BOX 46405, Seattle WA 98145
Signed the 990
David Coven, CEO
Phone
(206) 724-3547
Return prepared by
Bilotta CPA LLC

Mission

To cultivate and establish a positive impact. We primarily accomplish this by connecting community needs to resources and opportunities.

990 for the year ended December 31, 2023

Program accomplishments

  • Best Starts for Kids Child Care Subsidy: Scholar Fund partners with community organizations and public initiatives to ensure working families have access to equitable, high-quality childcare support. Through collaborative efforts, we streamline the administration of family assistance programs, making childcare accessible to those who face systemic barriers.
    Expenses $27,706,260 · grants $25,391,640
  • King County Relief Fund: Through emergency response programming, Scholar Fund supports community-driven financial resilience initiatives that assist underserved populations facing economic hardship. We administer equitable financial relief efforts to mitigate income disruptions affecting low-income families and workers.
    Expenses $6,962,695 · grants $6,962,695
  • King County Fee Support: Scholar Fund facilitates access to critical legal and administrative resources for individuals navigating complex documentation processes. By reducing financial barriers, we ensure that underserved communities can access the necessary pathways for economic and civic participation.
    Expenses $3,672,704 · grants $3,672,704

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, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-3153433
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$5,238,927
Income (IRS master file)
$45,276,999

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$45,276,999$45,725,910$5,238,927XML
990December 2022$6,361,050$6,106,819$17,258,076XML
990December 2021$28,113,287$26,734,697$5,638,279XML
990December 2020$15,143,479$13,445,352$2,443,097IRS
990-EZDecember 2019–––IRS
990-N for 2018
Officer: David Coven
December 31, 2018≤ $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 81-3153433).

Questions about SCHOLAR FUND

What is the EIN of SCHOLAR FUND?
The employer identification number (EIN) of SCHOLAR FUND is 81-3153433.
Is SCHOLAR FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to SCHOLAR FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SCHOLAR FUND 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 SCHOLAR FUND 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 SCHOLAR FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of SCHOLAR FUND?
The 990 for the year ended December 31, 2023 names David Coven.
Who are the officers and directors of SCHOLAR FUND?
The 990 for the year ended December 31, 2023 lists 10 people; 5 received compensation from the organization, the highest $270,400 (David Coven, CEO).
How much revenue does SCHOLAR FUND have?
On its 990 for the year ended December 31, 2023 it reported revenue of $45,276,999, expenses of $45,725,910 and total assets of $5,238,927 at year end.

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