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Top Rated

Scholarship America

CharityWatch rating issued
January 2025

Top-Rated Charity
A+
CharityWatch Rating
Our independent rating based
on a number of factors.
 
94%
Program Percentage
Amount spent on programs
relative to overhead.
 
$1
Cost to Raise $100
Amount spent to raise
$100 of contributions.
Ratings & Metrics

Contact Information

Scholarship America
One Scholarship Way
Saint Peter, MN 56082

Other Names

Dollars for Scholars

Tax Status

501(c)3

Website

www.scholarshipamerica.org

Stated Mission

To be the most trusted scholarship and student success organization offering impactful solutions with students always at the forefront.

View similar charities

Ratings & Metrics

Learn more about Ratings & Metrics
Data based on Fiscal Year Ended 12/31/2023

Program Percentage: 94%

The percentage of Scholarship America's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$184,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $1

How many dollars Scholarship America spends on fundraising to raise each $100 of contributions.

$168,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Scholarship America Audited Financial Statements 04-2296967
Scholarship America IRS Form 990 04-2296967
Entity: Scholarship America
Document Type: Audited Financial Statements
Tax ID: 04-2296967
Entity: Scholarship America
Document Type: IRS Form 990
Tax ID: 04-2296967

Governance & Transparency

Learn more about Governance & Transparency
CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Scholarship America
meets governance benchmarks.
 
Scholarship America
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

Top Salaries

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  Name Title Compensation
1 Michael Nylund President / CEO $346,113
2 Richard Greene Chief Financial Officer $281,154
3 Donald Yu Chief Strategy Product Officer $256,305
1
Name: Michael Nylund
Title: President / CEO
Compensation: $346,113
2
Name: Richard Greene
Title: Chief Financial Officer
Compensation: $281,154
3
Name: Donald Yu
Title: Chief Strategy Product Officer
Compensation: $256,305

Analysts' Notes

Learn more about Analysts' Notes

There are currently no Analysts’ Notes

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