Overview

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Est.

2015

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

ANSWER Scholarship Inc is a nonprofit organization dedicated to mentoring and preparing mothers of school-age children for college education, aiming to inspire them to become role models of academic, personal, and professional success. With an operating budget of $231.7K and total revenue of $245.3K for the 2024 filing year, the organization relies on multiple funders, none of which contribute 50% or more of its revenue. For more information, visit their website at www.answerscholarship.org.

Mission Statement

To mentor and prepare mothers of school-age children to achieve a college education and inspire them to be role models of academic, personal, and professional success for their children.
Revenues
$245.3K
Expenses
$299.5K
Net Income:
-$54.1K
Assets
$182.1K
Liabilities
$2.4K
Net Assets:
+$179.7K
Operating Budget
$231.7K
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
5
Median grant size
$11K
Largest grant received
$40K
S
Susan Andersen
Board Member
T
Tani Seymore
Board Member
F
Felix Nater
Board Member

Frequently Asked Questions

What is ANSWER Scholarship Inc’s budget?
In 2024, ANSWER Scholarship Inc reported an annual operating budget of around $232 thousand. More detailed financial information is available to registered users.
What causes does ANSWER Scholarship Inc support?
ANSWER Scholarship Inc supports work in Education and Special population support.
Where does ANSWER Scholarship Inc operate?
ANSWER Scholarship Inc is headquartered in Charlotte, NC.
Who funded ANSWER Scholarship Inc recently?
In 2025, ANSWER Scholarship Inc received grants from AMERICAN ONLINE GIVING FOUNDATION INC, THE KEITH AND LUANN DRISCOLL FOUNDATION INC, and MER FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ANSWER Scholarship Inc received in 2024?
The largest grant to ANSWER Scholarship Inc in 2024 exceeds $40 thousand.