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Scholarship America, Inc. Organization Name provided in the GuideStar Exchange* as of 08/05/2014: Scholarship America, Inc.

Organization Name as listed in the IRS Business Master File as of 09/08/2014: SCHOLARSHIP AMERICA INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.

AKA  Scholarship America National Headquarters
Minneapolis, MN
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GuideStar Summary

&1002;                GuideStar Exchange Committed to transparency ?
This organization is a Gold-level GuideStar Exchange participant, demonstrating its commitment to transparency.

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2012, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit and Charting Impact Report are available
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Basic Organization Information

Scholarship America, Inc. Organization Name provided in the GuideStar Exchange* as of 08/05/2014: Scholarship America, Inc.

Organization Name as listed in the IRS Business Master File as of 09/08/2014: SCHOLARSHIP AMERICA INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: Scholarship America National Headquarters
Physical Address: Minneapolis, MN 55425 
EIN: 04-2296967
Web URL: www.scholarshipamerica.org 
Blog URL: www.usnews.com/education/blogs/the-schol... 
NTEE Category: B Educational Institutions
B82 Scholarships, Student Financial Aid, Awards
B Educational Institutions
B80 Student Services and Organizations
B Educational Institutions
B90 Educational Services and Schools - Other
Ruling Year: 1962 


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Mission Statement

Scholarship America's mission is to mobilize communities, through scholarships and educational support, to make postsecondary success possible for all students.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

Institutional funders should note that an organization’s inclusion on GuideStar.org does not satisfy IRS Rev. Proc. 2011-33 for identifying supporting organizations.

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Annual Revenue & Expenses (IRS Form 990, July 2012)

Fiscal Year Starting: July 01, 2012
Fiscal Year Ending: June 30, 2013

Total Revenue $166,405,144
Total Expenses $163,586,442

Revenue & Expenses

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar website is an ongoing process.

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Forms 990 Provided by the Nonprofit

Financial Statements

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Annual Reports

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Leadership (GuideStar Exchange,
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August 2014)

Ms. Lauren Segal

Term:

Since Apr 2010

Profile:

Scholarship America® welcomed Lauren Segal as President & CEO beginning in April 2010. Lauren came to Scholarship America with 30 years of nonprofit sector experience, including several years as president and chief executive officer of Greater Twin Cities (MN) United Way. Lauren joined United Way in 1980, and worked in several capacities in various local United Way organizations before taking the reins as president of United Way of Somerset County in New Jersey. She moved to St. Paul to head up the St. Paul organization in 1994, and then became CEO of Greater Twin Cities United Way in 2004 following its merger with the Minneapolis United Way organization. Greater Twin Cities United Way is the second largest local United Way organization in the country, raising over $85 million annually. Under Lauren’s leadership, Greater Twin Cities United Way moved from a funder of agencies, to an organization with funding priorities focused on efforts that positively affect individuals at or below the poverty line in the nine-county Twin Cities region. She also implemented a data-based impact model, measuring United Way’s results on issues at a community level. Lauren received a bachelor of science in business management from Guilford College in Greensboro, North Carolina. She has served on a variety of nonprofit boards, including the Minnesota Early Learning Foundation, United Way of Minnesota, and The Itasca Project. In addition, Segal served on the Governor’s Ending Long Term Homelessness Advisory Council and was an instructor for the Center for Community Leadershiincluding The Business Journal’s “40 under 40” in 1995 and “25 Women to Watch” in 2004.

Board Chair (GuideStar Exchange,
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August 2014)

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Board Co-Chair

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Board of Directors (GuideStar Exchange,
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August 2014)

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Board Leadership Practices (GuideStar Exchange,
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August 2014)
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GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in August 2014

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Programs

Program: Dollars For Scholars (GuideStar Exchange,
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August 2014)

Budget:
$2,132,871
Category:
Education
Population Served:
Youth/Adolescents only (14 - 19 years)

Program Description:

At the heart of Scholarship America lies our Dollars for Scholars division—more than 1,200 locally based, volunteer-driven chapters serving students in nearly 4,000 communities across the country. With support from our national office and six regional offices, Dollars for Scholars chapters help hometown students achieve their educational goals by raising scholarship funds, establishing endowments, providing assistance with college readiness and the financial aid process, and distributing scholarships each year.  Dollars for Scholars is also the parent group of two other major initiatives. There's ScholarShop, an activity-based college-readiness curriculum that helps students in grades 4-12 (and their parents) identify career paths, prepare for postsecondary education, and navigate the admissions and financial aid process. Over 700,000 students have graduated from the ScholarShop program ready to face what's next.  The Collegiate Partners program involves nearly 500 colleges, universities and technical schools to help maximize the impact of financial aid from our organization. Many even have matching-fund agreements, and all are committed to helping students get the most out of their Dollars for Scholars scholarshibenefits for each, and contact information, click here.  If you're interested in starting a Dollars for Scholars chapter in your community, click here to find out more benefits and how to sign uclick here to log in to the Chapter Portal.

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

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Impact Summary from the Nonprofit Additional Information
A Charting Impact Report consists of an organization’s responses to the five questions. Helping validate this self-reported data are three reviews. Once an organization has used the online interface to complete its report, its responses will produce a document with a unique URL that will be shared on this website, on your GuideStar profile, on the reports of charities participating in BBB Wise Giving Alliance evaluations, and – in the future – with other websites and information sources about nonprofits. We encourage organizations to use this URL to share their report on their own website and through their own media channels. Participants will receive guidance about promoting their Charting Impact Report, along with other benefits, once they publish their report.

whether they are pursuing certificate programs or studying at a 2-year or 4-year college or university, too many students are dropping out of college, swimming in debt, leaving this nation in a crisis of too few people prepared to fill the jobs of the future. To combat this crisis, Scholarship America's programs raise and distribute millions in scholarship funds. Last year (2012-13), Scholarship America distributed 102,000 awards to students totaling $202 million. Since we were founded by Dr. Irving Fradkin in 1958, that’s more than $3.1 billion in scholarships and educational assistance distributed to 2 million students through Scholarship America programs.
For more in-depth information about this organization's impact, view their Charting Impact Report.
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Reviews

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