Civic Intelligence

Collegeready Inc.

990 • Fiscal year 2014 • EIN 39-1044089

Sep 01, 2013 to Aug 31, 2014 • Filed on Dec 23, 2014

2301 Riverside DriveGreen Bay, WI 54301

(920) 856-9088

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.06x

Higher debt load relative to assets than 32% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.49x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

41st percentile

$101,040

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

81st percentile

17%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

83rd percentile

30%

Faster revenue growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$9,320,908

Up $1,347,382 (+17%) from 2013

Net Assets

Up

$8,746,134

Up $961,850 (+12%) from 2013

Liabilities

Up

$574,774

Up $385,532 (+204%) from 2013

Revenue

Up

$1,166,821

Up $269,021 (+30%) from 2013

Expenses

Up

$789,460

Up $93,199 (+13%) from 2013

Net Income

Up

$377,361

Up $175,822 (+87%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $6,625,572Liabilities 2011: $375,756Net Assets 2011: $6,249,8162011Assets 2012: $7,494,309Liabilities 2012: $409,545Net Assets 2012: $7,084,7642012Assets 2013: $7,973,526Liabilities 2013: $189,242Net Assets 2013: $7,784,2842013Assets 2014: $9,320,908Liabilities 2014: $574,774Net Assets 2014: $8,746,1342014Assets 2015: $8,594,469Liabilities 2015: $429,446Net Assets 2015: $8,165,0232015Assets 2016: $8,897,780Liabilities 2016: $433,597Net Assets 2016: $8,464,1832016Assets 2017: $9,118,202Liabilities 2017: $401,226Net Assets 2017: $8,716,9762017Assets 2018: $8,837,666Liabilities 2018: $58,507Net Assets 2018: $8,779,1592018Assets 2019: $8,379,526Liabilities 2019: $63,714Net Assets 2019: $8,315,8122019Assets 2020: $8,979,928Liabilities 2020: $127,140Net Assets 2020: $8,852,7882020Assets 2021: $10,060,977Liabilities 2021: $75,811Net Assets 2021: $9,985,1662021Assets 2022: $8,435,239Liabilities 2022: $74,289Net Assets 2022: $8,360,9502022Assets 2023: $8,611,132Liabilities 2023: $76,929Net Assets 2023: $8,534,2032023Assets 2024: $9,213,096Liabilities 2024: $74,987Net Assets 2024: $9,138,1092024

Highlighted filing

2014

Assets$9,320,908
Liabilities$574,774
Net Assets$8,746,134

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $537,0952011Expenses 2012: $630,6072012Revenue 2013: $897,800Expenses 2013: $696,261Net Income 2013: $201,5392013Revenue 2014: $1,166,821Expenses 2014: $789,460Net Income 2014: $377,3612014Revenue 2015: $706,026Expenses 2015: $784,356Net Income 2015: -$78,3302015Revenue 2016: $981,550Expenses 2016: $848,220Net Income 2016: $133,3302016Revenue 2017: $603,585Expenses 2017: $883,973Net Income 2017: -$280,3882017Revenue 2018: $887,560Expenses 2018: $930,470Net Income 2018: -$42,9102018Revenue 2019: $859,341Expenses 2019: $958,275Net Income 2019: -$98,9342019Revenue 2020: $828,790Expenses 2020: $935,014Net Income 2020: -$106,2242020Revenue 2021: $1,007,976Expenses 2021: $962,010Net Income 2021: $45,9662021Revenue 2022: $1,090,885Expenses 2022: $929,766Net Income 2022: $161,1192022Revenue 2023: $607,550Expenses 2023: $968,100Net Income 2023: -$360,5502023Revenue 2024: $934,345Expenses 2024: $1,070,960Net Income 2024: -$136,6152024

Highlighted filing

2014

Revenue$1,166,821
Expenses$789,460
Net Income$377,361
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Dec 23, 2014
Return Version
2013v4.0
Gross Receipts
$3,084,180
Mission and Program Overview

Mission

Scholarships, incorporated is a non-profit organization whose mission is to encourage and invest in area students to succeed in higher education.

Scholarships, inc. Is a non-profit organization whose mission is to encourage and invest in area students to succeed in higher education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,937,176$7,914,365▲ $977,189
Investments Other Securities$869,853$947,933▲ $78,080
Savings and Temporary Cash Investments$63,088$385,564▲ $322,476
Cash and Non-Interest-Bearing Accounts$44,803$52,126▲ $7,323
Prepaid Expenses and Deferred Charges$8,005$7,837▼ $168
Land, Buildings, and Equipment, Net$7,207$6,392▼ $815
Accounts Receivable$42,250$5,260▼ $36,990
Total Assets$7,973,526$9,320,908▲ $1,347,382
Other Assets Total$1,144$1,431▲ $287
Liabilities
Grants Payable$32,050$343,100▲ $311,050
Escrow Account Liability$152,968$224,218▲ $71,250
Accounts Payable and Accrued Expenses$4,224$7,456▲ $3,232
Total Liabilities$189,242$574,774▲ $385,532
Net Assets / Fund Balance
Unrestricted Net Assets$5,977,037$6,797,800▲ $820,763
Temporarily Rstr Net Assets$937,394$1,000,401▲ $63,007
Permanently Rstr Net Assets$869,853$947,933▲ $78,080
Total Net Assets Fund Balance$7,784,284$8,746,134▲ $961,850
Total Liabilities and Net Assets / Fund Balance$7,973,526$9,320,908▲ $1,347,382

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,392$3,413$9,805
Other Securities$947,933--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joanne AngeliCEOFT$87,397$13,643$101,040

Board Members and Trustees

NameTitle
Lorri CislerPresident
Diane LiebmannVice President
Deborah VandykBoard Member
Elaine WagnerBoard Member
Giselle SimonsBoard Member
Heidi RadishBoard Member
Michelle MckinnonBoard Member
Teresa BrayBoard Member
Julia WallaceSecretary
Mark FischerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$677,251
Program Service Revenue
$13,260
Investment Income
$508,315
Other Revenue
$-32,005
All Other Contributions
$621,076
Change in Net Assets
$377,361

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,121,814
Revenue Not Reported on Financial Statements
$45,007
Revenue Not Reported on Form 990
$625,799
Total Revenue per Audited Statements
$1,747,613
Total Revenue per Form 990
$1,166,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$464,125
Salaries, Compensation, and Employee Benefits$209,633
Other Expenses$115,702
Total Fundraising Expense$31,486
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$464,125--$464,125
Current Officers, Directors, Trustees, and Key Employees$45,684$41,072$20,461$107,217
Other Salaries and Wages$66,631$8,508$3,194$78,333
Fees for Service Investment Mgmnt Fees-$45,007-$45,007
Office Expenses$15,241$6,576$1,859$23,676
Payroll Taxes$7,660$3,381$1,621$12,662
Other Employee Benefits$6,910$3,049$1,462$11,421
Occupancy$4,163$5,204$1,041$10,408
Fees for Services Accounting-$8,135-$8,135
Fees for Services Legal-$6,500-$6,500
Other Expenses$1,660$4,426-$6,086
Travel$2,999$2,040$115$5,154
Conferences and Meetings$449$4,152$449$5,050
Advertising$2,681-$1,284$3,965
Depreciation Depletion-$1,516-$1,516
Fees for Services Other$205--$205
Total Functional Expenses$618,408$139,566$31,486$789,460

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$789,460
Total Expenses per Audited Statements$785,763
Expenses per Audited Statements$744,453
Expenses Not Reported on Financial Statements$45,007
Expenses Not Reported on Form 990$41,310
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,604
Fundraising Gross Income$4,595
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$60,770$4,595$13,963$-9,368
Total Events$60,770$4,595$36,604$-32,009
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is initially reviewed by the president and treasurer, and then it is presented to the entire board in draft form at the annual meeting in november.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed each year by all board members and each member signs the document.

Form 990, Part VI, Section B, Line 15

The executive committee reviews comparable data from various sources including compensation of similar organizations and makes their determination from there. Performance is also used to determine salaries.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

EIN
39-1044089
Phone
9208569088

Signing Officer

Name
Lorri Cisler
Title
President
Phone
9205698411
Signed
2014-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorri Cisler
Formed
1962
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
50

Preparer

Preparer
Thomas L Karman
Phone
9204367800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Scholarships, inc. Launched the new scholars college readiness program in august 2014. New scholars is a program of scholarships, inc. That supports area students on their path to higher education by becoming college success and scholarship ready. This pilot program is created to inspire growth and encourage middle school students to develop their full potential by engaging them in activities that will complement the regular school day. New scholars sets itself apart from other college readiness programs in the area by offering an incentive-based scholarship, active parent participation, and a 7 1/2-year commitment to the student. The purpose of the college readiness program is to help students with financial need become college success and scholarship ready. The primary outcome will be an increase in the number of modest income and first-generation students (traditionally under-represented) who pursue and complete a post-secondary degree.

Form 990, Part III, Line 3

A new formula was implemented to determine financial need. This updated process focuses on fund distribution to be for the most needy of student from the applicant pool, while still maintaining that those students have also put their best effort forward toward academic success.

FORM 990, PART XII, LINE 2C:

The organization has not changed its oversight process or the process used to select an independent accountant.

Financial Statement Notes

PART IV, LINE 2B:

Scholarships incorporated has an agency relationship with several organizations whereby scholarships incorporated receives donations and pays out scholarships on behalf of these organizations. Scholarships incorporated receives administrative fees from these organizations for handling these funds for them. All revenues and expenses are reported in a fiscal agency liability account.

PART X, LINE 2:

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). The organization is also exempt from wisconsin income taxes. Penalties and interest assessed by income taxing authorities are included in management and general expenses, if applicable. The organization had no interest and penalties related to income taxes for the year ended august 31, 2014. The organization's federal returns are subject to examination generally for three years after they are filed and its state returns are subject to examination generally for four years after they are filed.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 36604.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 36604.

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IRS990/Desc0THROUGH SCHOLARSHIPS AND COLLEGE READINESS PROGRAMMING, SCHOLARSHIPS, INC. PROVIDES FINANCIAL ASSISTANCE AND ENCOURAGEMENT TO LOCAL STUDENTS AS THEY EXPLORE HIGHER EDUCATION OPPORTUNITIES. THE ORGANIZATION IS A 501(C)(3) NON-PROFIT, FUNDED BY FORWARD-THINKING DONORS AND SUPPORTED BY A DIVERSE GROUP OF COMMUNITY VOLUNTEERS. SCHOLARSHIPS, INC. ATTRACTS, ADMINISTERS, AND DISTRIBUTES FINANCIAL CONTRIBUTIONS TO QUALIFIED AND WORTHY STUDENTS WHO SEEK A COLLEGE EDUCATION, AND PROVIDES PROGRAMMING THAT ENCOURAGES EDUCATIONAL ATTAINMENT AND PERSONAL GROWTH OF AREA STUDENTS.SCHOLARSHIPS AWARDED BY SCHOLARSHIPS, INC. ARE BASED ON FINANCIAL NEED AND SERIOUS CONSIDERATION IS ALSO GIVEN TO ACADEMICS, COMMUNITY SERVICE, LEADERSHIP, AND CO-CURRICULARS. IN 2014, THE ORGANIZATION AWARDED $697,000 TO AREA STUDENTS. THE NEW SCHOLARS PROGRAM ENCOURAGES FIRST-GENERATION, COLLEGE BOUND STUDENTS TO PREPARE FOR AND PERSEVERE THROUGH THE COLLEGE-GOING PROCESS STARTING IN SIXTH GRADE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/GrantsPayableGrp/EOYAmt0343100
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0464125
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0464125
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02274273
IRS990/GrossReceiptsAmt03084180
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0114797
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0114797
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0869853
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0947933
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06937176
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07914365
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03413
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07207
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06392
IRS990/LandBldgEquipCostOrOtherBssAmt09805
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02334
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01878421
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SCHOLARSHIPS, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS TO ENCOURAGE AND INVEST IN AREA STUDENTS TO SUCCEED IN HIGHER EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07784284
IRS990/NetAssetsOrFundBalancesEOYAmt08746134
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0393518
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0393518
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-32009
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-32009
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0584489
IRS990/NoncashContributionsAmt08580
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01041
IRS990/OccupancyGrp/ManagementAndGeneralAmt05204
IRS990/OccupancyGrp/ProgramServicesAmt04163
IRS990/OccupancyGrp/TotalAmt010408
IRS990/OfficeExpensesGrp/FundraisingAmt01859
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06576
IRS990/OfficeExpensesGrp/ProgramServicesAmt015241
IRS990/OfficeExpensesGrp/TotalAmt023676
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01144
IRS990/OtherAssetsTotalGrp/EOYAmt01431
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01462
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03049
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06910
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011421
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04426
IRS990/OtherExpensesGrp/ProgramServicesAmt01660
IRS990/OtherExpensesGrp/TotalAmt06086
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt04
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04
IRS990/OtherRevenueTotalAmt04
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03194
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08508
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt066631
IRS990/OtherSalariesAndWagesGrp/TotalAmt078333
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01621
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03381
IRS990/PayrollTaxesGrp/ProgramServicesAmt07660
IRS990/PayrollTaxesGrp/TotalAmt012662
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0869853
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0947933
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08005
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07837
IRS990/PrincipalOfficerNm0LORRI CISLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATIVE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013260
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013260
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0587603
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0414400
IRS990/PYInvestmentIncomeAmt0314209
IRS990/PYOtherExpensesAmt0107030
IRS990/PYOtherRevenueAmt0-14532
IRS990/PYProgramServiceRevenueAmt010520
IRS990/PYRevenuesLessExpensesAmt0201539
IRS990/PYSalariesCompEmpBnftPaidAmt0174831
IRS990/PYTotalExpensesAmt0696261
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0897800
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0377361
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt013260
IRS990/SavingsAndTempCashInvstGrp/BOYAmt063088
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0385564
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0677251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0587603
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0866982
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0201245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0196610
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02529691
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0114797
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0138548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt071514
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0252297
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0154974
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0732130
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt065878
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0261
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0209
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0487
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44990
IRS990ScheduleA/PublicSupportPY170Pct00.47320
IRS990ScheduleA/PublicSupportTotal170Amt01467824
IRS990ScheduleA/SubstantialContributorsTotAmt01061867
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0677251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0587603
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0866982
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0201245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0196610
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02529691
IRS990ScheduleA/TotalSupportAmt03262308
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04706
IRS990ScheduleD/DonatedServicesUseFcltsAmt04706
IRS990ScheduleD/EquipmentGrp/BookValueAmt06392
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03413
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09805
IRS990ScheduleD/ExpensesNotReportedAmt041310
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt045007
IRS990ScheduleD/ExpensesSubtotalAmt0744453
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt045007
IRS990ScheduleD/InvestmentExpensesNotIncldAmt045007
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0584489
IRS990ScheduleD/OtherExpensesIncludedAmt036604
IRS990ScheduleD/OtherRevenueAmt036604
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0947933
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BENEFICIAL INTEREST IN IRREVOCABLE TRUST
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0625799
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt045007
IRS990ScheduleD/RevenueSubtotalAmt01121814
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS INCORPORATED HAS AN AGENCY RELATIONSHIP WITH SEVERAL ORGANIZATIONS WHEREBY SCHOLARSHIPS INCORPORATED RECEIVES DONATIONS AND PAYS OUT SCHOLARSHIPS ON BEHALF OF THESE ORGANIZATIONS. SCHOLARSHIPS INCORPORATED RECEIVES ADMINISTRATIVE FEES FROM THESE ORGANIZATIONS FOR HANDLING THESE FUNDS FOR THEM. ALL REVENUES AND EXPENSES ARE REPORTED IN A FISCAL AGENCY LIABILITY ACCOUNT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ORGANIZATION IS ALSO EXEMPT FROM WISCONSIN INCOME TAXES. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN MANAGEMENT AND GENERAL EXPENSES, IF APPLICABLE. THE ORGANIZATION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES FOR THE YEAR ENDED AUGUST 31, 2014. THE ORGANIZATION'S FEDERAL RETURNS ARE SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THEY ARE FILED AND ITS STATE RETURNS ARE SUBJECT TO EXAMINATION GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 36604.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSE 36604.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06392
IRS990ScheduleD/TotalBookValueSecuritiesAmt0947933
IRS990ScheduleD/TotalExpensesPerForm990Amt0789460
IRS990ScheduleD/TotalRevenuePerForm990Amt01166821
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01747613
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0785763
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt056175
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt056175
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt036604
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt012000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt012000
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt010641

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.21$0.07$9.14$0.93$1.07$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.61$0.08$8.53$0.61$0.97$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.44$0.07$8.36$1.09$0.93$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.08$9.99$1.01$0.96$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.98$0.13$8.85$0.83$0.94$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$0.06$8.32$0.86$0.96$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.84$0.06$8.78$0.89$0.93$0.04
2017Detailed filing. Detailed filing data is available for this year.$9.12$0.40$8.72$0.60$0.88$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.90$0.43$8.46$0.98$0.85$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.59$0.43$8.17$0.71$0.78$0.08
2014Detailed filing. Detailed filing data is available for this year.$9.32$0.57$8.75$1.17$0.79$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.97$0.19$7.78$0.90$0.70$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$0.41$7.08$0.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$0.38$6.25$0.54