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Nonprofit · EIN 82-2735495

SCHOLARS OF FINANCE

Tax-exempt · ST LOUIS PARK, MN 55416

Financials

$2.3M$1.7M2023$2.3M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of SCHOLARS OF FINANCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,260,955$2,148,373$112,582$2,701,305$52,944$2,648,361
December 31, 2023990$2,253,549$1,675,078$578,471$2,598,908$93,667$2,505,241
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,247,514
Program service revenue
$0
Investment income
$13,441
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$520,386
Other salaries and wages
$496,435
Salaries, compensation and benefits (total)
$1,139,823
Professional fundraising fees
$0
Legal fees
$218
Accounting fees
$35,592
Travel
$85,809
Program services (functional)
$1,750,755
Management and general (functional)
$117,875
Fundraising (functional)
$279,743

Balance sheet and other

Total assets, start of year
$2,598,908
Total assets, end of year
$2,701,305
Total liabilities, end of year
$52,944
Net assets, end of year
$2,648,361
Publicly traded securities
$787,991
Net assets without donor restrictions
$1,266,776
Net assets with donor restrictions
$1,381,585
Gross receipts
$2,260,955
Employees
13
Volunteers
27
Year formed
2017
State of legal domicile
MN

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 / weekCompensationOther / benefits
ROSS OVERLINECEO/CHAIRMAN OF THE BOARD
Trustee or director, Officer
40$165,463$15,767
MIRANDA MEHTACHIEF IMPACT OFFICER
Officer
40$160,019$21,154
STEPHEN SORENSONCHIEF OPERATING OFFICER
Officer
40$134,225$23,757
RANDAL LEDETDIRECTOR OF MEMBER SUCCESS
Highest-paid employee
40$116,208$12,438
RYAN QUINLIVANVICE CHAIRMAN OF THE BOARD
Trustee or director, Officer
2$0$0
NICOLAS SUAREZTREASURER
Trustee or director, Officer
1$0$0
RAY CAMERONDIRECTOR
Trustee or director
1$0$0
ARMEL ROMEO KOUASSIDIRECTOR
Trustee or director
1$0$0
ELIZABETH J SANDLERDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
ROSS OVERLINECHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$162,750$14,717
MIRANDA MEHTACHIEF IMPACT OFFICER
Officer
40$150,708$17,357
STEPHEN SORENSONCHIEF OPERATING OFFICER
Officer
40$126,000$21,300
RANDAL LEDETDIRECTOR OF MEMBER SUCCESS AND PROGRAMS
Highest-paid employee
40$103,333$11,297
RYAN QUINLIVANVICE CHAIRMAN OF THE BOARD
Trustee or director, Officer
2$0$0
NICOLAS SUAREZTREASURER
Trustee or director, Officer
1$0$0
RAY CAMERONDIRECTOR
Trustee or director
1$0$0
CARLA FREITAS RENFIELD-MILLERDIRECTOR
Trustee or director
1$0$0
KATIE LAWLERDIRECTOR
Trustee or director
1$0$0
MAEVE RICHARDDIRECTOR
Trustee or director
1$0$0
ARMEL ROMEO KOUASSIDIRECTOR
Trustee or director
1$0$0
ELIZABETH J SANDLERDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
5353 GAMBLE DR STE 320, ST LOUIS PARK, MN 55416-1545
Principal officer (990 for 2024)
ROSS OVERLINE, 5353 GAMBLE DRIVE 320, ST LOUIS PARK, MN 55416
Signed the 990
STEPHEN SORENSON, CHIEF OPERATING OFFICER
Phone
(715) 716-2017
Return prepared by
OLSEN THIELEN & CO LTD

Mission

TO INSPIRE CHARACTER AND INTEGRITY IN THE FINANCE LEADERS OF TOMORROW.

990 for the year ended December 31, 2024

Program accomplishments

  • MEMBER SERVICES: SCHOLARS OF FINANCE IMPACTED OVER 5,000 STUDENTS IN 2024 THROUGH VALUES-BASED LEADERSHIP PROGRAMMING AT 60 CHAPTERS ACROSS THE U.S, A 25% INCREASE FROM 2023. 2,800 MEMBERS GRADUATED FROM THE LEADERSHIP DEVELOPMENT PROGRAM, A 8-WEEK COURSE THAT PREPARES STUDENTS TO BE ETHICAL LEADERS IN FINANCE. SOF CONNECTED 426 MEMBERS WITH FINANCE PROFESSIONALS FOR MENTORSHIP, PROVIDING COACHING FOR PERSONAL AND PROFESSIONAL GROWTH. OVER 290 FINANCE PROFESSIONALS SPOKE TO OVER 5,900 STUDENTS AT 326 SYMPOSIA AND OTHER SPEAKING EVENTS, HELPING MEMBERS DEEPEN THEIR UNDERSTANDING OF FINANCE AND THE WAYS IN WHICH ETHICAL LEADERSHIP IS NEEDED. PRINCIPAL WORKSHOPS ATTRACKED OVER 6,000 ATTENDEES.
    Expenses $1,750,755

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
82-2735495
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
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B80)
Assets (IRS master file)
$2,701,305
Income (IRS master file)
$2,260,955

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,260,955$2,148,373$2,701,305XML
990December 2023$2,253,549$1,675,078$2,598,908XML
990December 2022$1,459,940$1,417,335$2,002,224IRS
990December 2021–––IRS
990December 2020–––IRS
990August 2020–––IRS
990-EZAugust 2019–––IRS
990-EZAugust 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 82-2735495).

Questions about SCHOLARS OF FINANCE

What is the EIN of SCHOLARS OF FINANCE?
The employer identification number (EIN) of SCHOLARS OF FINANCE is 82-2735495.
Is SCHOLARS OF FINANCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to SCHOLARS OF FINANCE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SCHOLARS OF FINANCE 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 SCHOLARS OF FINANCE 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 SCHOLARS OF FINANCE 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 SCHOLARS OF FINANCE?
The 990 for the year ended December 31, 2024 names ROSS OVERLINE.
Who are the officers and directors of SCHOLARS OF FINANCE?
The 990 for the year ended December 31, 2024 lists 9 people; 4 received compensation from the organization, the highest $165,463 (ROSS OVERLINE, CEO/CHAIRMAN OF THE BOARD).
How much revenue does SCHOLARS OF FINANCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,260,955, expenses of $2,148,373 and total assets of $2,701,305 at year end.

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