PLATINUM2024

Scholarship America, Inc. HQ

aka Scholarship America National Headquarters   |   Minneapolis, MN   |  https://scholarshipamerica.org

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Mission

Scholarship America's mission is to eliminate barriers to educational success so that any student can pursue their dream. Since our founding in 1958, we have distributed $5.4 billion in scholarships to more than 3.1 million students.

Ruling year info

1962

President & CEO

Mr. Mike Nylund

Main address

7900 International Drive Suite 500

Minneapolis, MN 55425 USA

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Formerly known as

Citizens Scholarship Foundation of America

EIN

04-2296967

NTEE code info

Scholarships, Student Financial Aid, Awards (B82)

Student Services and Organizations (B80)

Educational Services and Schools - Other (B90)

IRS filing requirement

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

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Communication

Blog

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Scholarships

Scholarships: We prioritize investing in students with the greatest need, fostering career pathways and uplifting marginalized communities. Our flagship national program, the Scholarship America Dream Award, focuses on enhancing equitable access to education, with support available for students pursuing STEM fields.

Population(s) Served

Emergency Grants: Recognizing that many students lack an economic safety net, we provide emergency grants to address unforeseen financial burdens. These grants help students overcome unexpected expenses like car repairs or medical bills that could otherwise derail their academic pursuits. This support is especially crucial for traditionally underserved students, including low-income, students of color, and first-in-family students.

Population(s) Served

Technology: Scholarship America is undergoing a multi-year initiative to revamp our technology infrastructure, aiming to revolutionize how scholarship funding connects with students. This overhaul will dismantle inequitable practices and systems, removing barriers to higher education access for historically underserved populations.

Population(s) Served
Students
Ethnic and racial groups
At-risk youth
Economically disadvantaged people
Academics
Students
Ethnic and racial groups
At-risk youth
Economically disadvantaged people
Academics
Students
Ethnic and racial groups
At-risk youth
Economically disadvantaged people
Academics
Students
Ethnic and racial groups
At-risk youth
Economically disadvantaged people
Academics

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of students who receive scholarship funds and/or tuition assistance

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

This represents scholarship and tuition assistance recipients across our organization's programs. (Note a methodology change in 2015 allowed for more accurate assessment.)

Average financial aid award per FTE student

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of website pageviews

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

New website launched April 2019

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We have an ambitious goal to help 750,000 students complete their education -- whether it's a certification, a two-year degree or a four-year degree -- by 2025 with a manageable level of debt.

We are employing four major strategies to ensure our goals. (1) Becoming a leader of the national education conversation by demonstrating the impact of private and community scholarships. (2) Harnessing the power of relationships and strategic alliances to ensure students are prepared to choose, enroll in and succeed in college on all levels. (3) Increasing national recognition of our organization and its affiliates. (4) Diversifying and maximizing our fundraising efforts to ensure sustainable scholarship growth.

Our staff, capital investments and growth are all focused on achieving our mission goal of helping 750,000 students between 2011 and 2025. We have created a Programs and Policy department that works in Washington, connecting our expertise and grassroots efforts to the national conversation on education.

Our significant technology investments over the past several years have focused on two areas: streamlining scholarship management for clients and volunteers, and establishing a robust CRM system for stakeholders. Thanks to the former efforts, our 500 volunteer-driven affiliates now all have branded websites and online scholarship management -- and all of our staff and stakeholders can raise funds and award scholarships more efficiently than ever before.

In addition to the $202 million in scholarships we awarded last year, important progress has been made on all areas of our strategic plan. Through the introduction of the Dream Award -- a scholarship given to current college students, providing funds for their second year and beyond -- we have created a flagship national program that focuses not on getting into college, but on completing a degree. We have reinforced this focus by providing matching grants for renewable scholarships to our volunteer affiliates, and by encouraging corporate scholarship sponsors to fund renewable, completion-focused awards.

The Dream Award -- whose recipients were announced live on national TV by award supporter Katie Couric -- also helped us diversify fundraising and attain more brand recognition. And our association with Higher Ed Not Debt, a bipartisan higher-ed advocacy group, has raised our profile in Washington and led to new partnership avenues.

We continue to strive to help students complete school, and to successfully measure completion rates among our scholarship recipients. As we work toward our large goal, this is where we'll be focusing ongoing efforts.

Financials

Scholarship America, Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Scholarship America, Inc.

Board of directors
as of 03/04/2024
SOURCE: Self-reported by organization
Board chair

Mr. Michael Maney

The Home Depot

Richard Schwab

Entrepreneur

Alain Karaoglan

New York Life

Tina Lee

World Journal

Michael Maney

The Home Depot

Joseph Palombo

Verisk Analytics

William Young

Plastipak Packaging, Inc.

Jeffrey Silverman

The Summit Group of Virginia

Hazel McNeilage

Independent Non-Executive Director

Treasa Bowers

7-Eleven, Inc.

Muneera Carr

Wells Fargo, Inc

James Dlugos

Saint Joseph's College

Autumn Manning

Motley Fool Ventures

Santiago Marquez

Latin American Organization

Samata Narra

WarnerMedia

Angel Perez

National Association for College Admission Counseling (NACAC)

Salman Ravala

Criscione Ravala, LLP

Lucinda Robb

Author/Philanthropist

Daniel Hae-Dong Lee

Smithbucklin

Organizational demographics

SOURCE: Self-reported; last updated 3/14/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Gay, Lesbian, Bisexual, or other sexual orientations in the LGBTQIA+ community

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data