Scholarships for Kids
Scholarships for Kids reported $24.9 million in revenue and $21.7 million in expenses for calendar year 2024. Of every $100 it spent, $99.41 went to program services, $0.59 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 93.4% of the total. The highest compensation it reported for one person was $154,406 (EXECUTIVE DIRECTOR). 2 people received more than $100,000 in reportable compensation. Revenue rose 78% between 2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $25MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 93.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $154,406 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.71% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 24.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe organization raised over $23.2 million to fund scholarships for students to attend partner schools located across the state. During 2023, we received approximately 1,156 separate tax credit contributions. Due to the organization's success, partner schools are filling otherwise empty seats in the current school year
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $154,406 | $0 | $0 | $154,406 |
| DIRECTOR OF SCHOOL RELATIONS Highest compensated employee, 40.00 hrs/week | $104,588 | $0 | $0 | $104,588 |
2 people received more than $100,000 in reportable compensation from Scholarships for Kids (Part VII, line 2). Compensation of current officers, directors and key employees totaled $154K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 52
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| MAULDIN & JENKINS LLC Accounting & consulting services | $213,337 |
| OAK ROSE GROUP LLC Consulting services | $125,808 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Scholarships for Kids's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Scholarships for Kids, you can publish a response that is linked from this page.
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Of every $100 Scholarships for Kids spent in 2024, $99.41 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- King's Ridge Christian SchoolAlpharetta, GA · revenue $25M · programs 91.8% · FY2025
- Woodstock AcademyWoodstock, CT · revenue $25M · programs 84.5% · FY2025
- Chileda InstituteLA Crosse, WI · revenue $25M · programs 89.4% · 2025
- East Carolina University FoundationGreenville, NC · revenue $25M · programs 81.7% · FY2025
- The University of Chicago Charter School CorporationChicago, IL · revenue $25M · programs 85.4% · FY2025
Questions people ask
How much of Scholarships for Kids's spending goes to programs?
In calendar year 2024, Scholarships for Kids reported that 99.4% of its $21.7 million in expenses went to program services, 0.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Scholarships for Kids pay its top executive?
The largest total compensation Scholarships for Kids reported for one person in calendar year 2024 was $154,406, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Scholarships for Kids get its money?
Of $24.9 million in revenue in calendar year 2024, 93.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Scholarships for Kids a registered charity?
The IRS lists EIN 46-2286764 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523169349302577 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413189349310001 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349316928 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202769349300330 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102539349301115 · read the filing
All filings for EIN 46-2286764: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.