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US nonprofit · EIN 237039405 · Minneapolis, MNiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 237039405) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe time served.Latest return IRS Form 990 series e-file data - 990 for the year to 31 December 2024: assets, liabilities, staff, website, telephone, pay, grants paid (Schedule I).Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue. Not a statement that the organisation is recruiting.State registers California Attorney General (7 October 2026).Licence US Federal Government public domain.How we handle data

Scholarship America Inc

Revenue
$42.8m
year to 31 December 2024
Expenses
$29.3m
year to 31 December 2024
Total assets
$277.3m
$0 liabilities
Net assets
$277.3m
assets less liabilities
Directors and trustees
1
8.4 years on average
Staff
8
9,500 volunteers
Left since last filing
0
no seats appear to have opened
Voting members
3,739
reported in Part VI
How am I connected?

Scholarship America Inc's network

1 personExplore in 3DiThe large node is Scholarship America Inc. The map shows the people and organisations in the public record, two steps out at most. Hover a node to focus its connections; click one to open it.

The board

1 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 3739 voting members of its governing body on its latest Form 990 Part VI; we list 1 in Part VII (Part VII does not always name every voting member).
NameRole as filedSinceOn the board
SEESchedule O2018
8 yrs
Under 5 years5 to 6 years6 years or more

Pay and hours

year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
SeeSchedule O0$0

No pay was reported for anyone in Part VII on this return.

About

Legal name
Scholarship America Inc
EIN
237039405
Address
7900 International Dr Ste 500, Minneapolis, MN, 55425-2561
State
Minnesota
Mission
(see schedule o) (as filed on the Form 990)
Activity (NTEE)
B820 Education
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Education
Size band
9 (IRS master file code)
Formed
1961
Principal officer
Michael Nylund (as named on the Form 990)
IRS ruling date
1 April 1962
Status
Code 01 (unconditional exemption)
Form 990 filings on record
7, latest 2024

Most connected

Longest observed on the filings

≥8years on the filingsSEE

Latest return

year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.
Total assets
$277.3m
Total liabilities
$0
Net assets or fund balances
$277.3m
Contributions and grants received
$27.9m
Program service revenue
$0
Grants and similar paid out
$25.8m
Employees
8
Volunteers
9,500

Filed finances

1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2024$42.8m$29.3m$13.4m

As filed on the IRS Form 990. US dollars.

Grants paid

17 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.
RecipientPurposeAmount
New Hampshire Charitable FoundationInvestment to fund future scholarships$169k
Northwest Mn FoundationDistribution of net assets$90k
Putnam County Community FoundationInvestment to fund future scholarships$48k
Ada-Borup-West Isd 2910Distribution of net assets$45k
Ada Scholarship Foundation IncDistribution of net assets$45k
York County Community FoundationInvestment to fund future scholarships$42k
Community Foundation of South Puget SoundInvestment to fund future scholarships$40k
Washington County Community FoundationInvestment to fund future scholarships$37k
Community Foundation of Herkimer and Oneida CountiesInvestment to fund future scholarships$29k
Community Foundation of Greater DubuqueInvestment to fund future scholarships$28k
Omaha Community FoundationInvestment to fund future scholarships$27k
Pella Community FoundationInvestment to fund future scholarships$25k
Innovia FoundationInvestment to fund future scholarships$20k
East Irondequoit Central School DistrictDistribution of net assets$16k
Dearborn Community FoundationInvestment to fund future scholarships$10k
Fargo Area DFSInvestment to fund future scholarships$6k
South Central Iowa Community Foundation (Scicf)Investment to fund future scholarships$6k