Overview

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Est.

2006

Fiscal Year Start

Sep 1

Organization Type

Grantseeker

AI Summary

The Scholarship Academy, Inc., founded in 2006 and based in the District of Columbia, is a nonprofit organization dedicated to assisting low-income students in securing financial resources for higher education while minimizing debt. With an operating budget of $1 million and total revenue of $1.6 million, the Academy provides a comprehensive 16-module course aimed at helping high school students and youth-serving organizations navigate the financial aid process. The organization does not appear to rely on a single funder for 50% or more of its revenue, ensuring a diversified funding base.

Mission Statement

The Scholarship Academy, Inc. (the Academy), founded in 2006, is a private District of Columbia nonprofit corporation dedicated to helping lowincome students secure resources to pursue higher education opportunities with minimum debt to create healthier financial aid cultures. The Academy offers a 16-module course to high schools and youth-serving organizations to support students with navigating the financial aid process.
Revenues
$1.6M
Expenses
$1M
Net Income:
+$542.9K
Assets
$1.2M
Liabilities
$350.3K
Net Assets:
+$888.8K
Operating Budget
$1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
11
Median grant size
$30K
Largest grant received
$125K
J
Jessica Johnson
Board Member
V
Vincent Baskerville
Board Member
L
Lydia Sermons Ward
Board Member

Frequently Asked Questions

What is THE SCHOLARSHIP ACADEMY INC’s budget?
In 2024, THE SCHOLARSHIP ACADEMY INC reported an annual operating budget of around $1 million. More detailed financial information is available to registered users.
What causes does THE SCHOLARSHIP ACADEMY INC support?
THE SCHOLARSHIP ACADEMY INC supports work in Scholarships & Financial Aid.
Where does THE SCHOLARSHIP ACADEMY INC operate?
THE SCHOLARSHIP ACADEMY INC is headquartered in ATLANTA, GA.
Who funded THE SCHOLARSHIP ACADEMY INC recently?
In 2024, THE SCHOLARSHIP ACADEMY INC received grants from EDUCATIONAL CREDIT MANAGEMENT CORPORATION, THE ZEIST FOUNDATION INC, and THE GOIZUETA FOUNDATION INC OLGA GOIZUETA RAWLS CHAIR & CEO. More information on this organization’s funders is available to registered users.
What is the largest grant THE SCHOLARSHIP ACADEMY INC received in 2024?
The largest grant to THE SCHOLARSHIP ACADEMY INC in 2024 exceeds $125 thousand.
What is THE SCHOLARSHIP ACADEMY INC’s reliance on government grants?
THE SCHOLARSHIP ACADEMY INC relied on government grants for more than 20% of their total revenue in 2024.