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Nonprofit · EIN 99-1559774

MISSION SCHOLARS

Tax-exempt · SANTA BARBARA, CA 93101

Financials

$1.8M$664K2024
Revenue Expenses · by fiscal year end
Financials of MISSION SCHOLARS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,780,419$663,604$1,116,815$1,133,425$15,298$1,118,127
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,786,377
Program service revenue
$0
Investment income
$3,386
Net income from fundraising events
-$9,344
Other revenue
-$9,344

Expenses

Grants and similar amounts paid
$8,112
Compensation of officers, directors and key employees
$261,000
Other salaries and wages
$184,852
Salaries, compensation and benefits (total)
$529,146
Professional fundraising fees
$0
Occupancy
$24,000
Travel
$1,057
Program services (functional)
$536,025
Management and general (functional)
$89,497
Fundraising (functional)
$38,082

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$1,133,425
Total liabilities, end of year
$15,298
Net assets, end of year
$1,118,127
Publicly traded securities
$726,307
Net assets without donor restrictions
$1,021,887
Net assets with donor restrictions
$96,240
Gross receipts
$1,789,763
Employees
7
Volunteers
80
Year formed
2024
State of legal domicile
CA

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
Cassie LancasterTrustee/Executive Director
Trustee or director, Officer
50$165,000$20,244
Katie KinsellaTrustee/Director of Programs
Trustee or director, Officer
45$96,000$8,472
Chris BruzzoPresident
Trustee or director, Officer
1$0$0
Julia RodgersSecretary
Trustee or director, Officer
1$0$0
Kim PhillipsTreasurer
Trustee or director, Officer
2$0$0
Estefania ContrerasTrustee
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
133 E DE LA GUERRA ST 366, SANTA BARBARA, CA 93101-2228
In care of
% CASSIE LANCASTER
Principal officer (990 for 2024)
Cassie Lancaster, 133 E De La Guerra 366, Santa Barbara, CA 93101
Signed the 990
Cassie Lancaster, Executive Director
Phone
(805) 242-1338
Return prepared by
MELISSA PETERSEN AND COMPANY

California records

California keeps its own records of charities and corporations. Search them by EIN 99-1559774 or by the name MISSION SCHOLARS.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

Mission Scholars uses comprehensive college admissions guidance, mentorship, and career development training to help exceptional, low-income students reach their full potential and become a force for change in our communities.

990 for the year ended December 31, 2024

Program accomplishments

  • In 2024, Mission Scholars provided comprehensive support across its College Access, Affordability, and Success programs. All Class of 2024 Scholars submitted an average of 16 college applications, with 100% completing FAFSA/CADAA and securing over $1.4 million in scholarshipsincluding the program's third Gates Scholar and first Edison Scholar. Through robust volunteer engagement, including a 75% retention rate for Essay Coaches, students received individualized support throughout the admissions process. Mission Scholars also delivered targeted college success programming, leading to 90% of college students staying on track to graduate in four years, 60% securing meaningful summer internships, and 100% of alumni returning as peer mentors.
    Expenses $536,025 · grants $8,112

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, 2024Check at the IRS

IRS record

EIN
99-1559774
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
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B80)
Assets (IRS master file)
$1,133,425
Income (IRS master file)
$1,789,763

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,780,419$663,604$1,133,425XML

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 99-1559774).

Questions about MISSION SCHOLARS

What is the EIN of MISSION SCHOLARS?
The employer identification number (EIN) of MISSION SCHOLARS is 99-1559774.
Is MISSION SCHOLARS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to MISSION SCHOLARS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MISSION SCHOLARS 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 MISSION SCHOLARS 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 MISSION SCHOLARS 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 MISSION SCHOLARS?
The 990 for the year ended December 31, 2024 names Cassie Lancaster.
Who are the officers and directors of MISSION SCHOLARS?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $165,000 (Cassie Lancaster, Trustee/Executive Director).
How much revenue does MISSION SCHOLARS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,780,419, expenses of $663,604 and total assets of $1,133,425 at year end.

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