Civic Intelligence

Collegeready Inc.

990 • Fiscal year 2016 • EIN 39-1044089

Sep 01, 2015 to Aug 31, 2016 • Filed on Feb 25, 2017

Organization ProfileWWW.SCHOLARSHIPSINC.ORG
2301 Riverside DriveGreen Bay, WI 54301

(920) 857-9088

Siviq Scores

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

Liabilities / Assets

30th percentile

0.05x

Higher debt load relative to assets than 30% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.44x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

75th percentile

14%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

27th percentile

$67,341

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

58th percentile

3.5%

Faster asset growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

39%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$8,897,780

Up $303,311 (+3.5%) from 2015

Net Assets

Up

$8,464,183

Up $299,160 (+3.7%) from 2015

Liabilities

Up

$433,597

Up $4,151 (+1.0%) from 2015

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin75th percentile

Revenue

Up

$981,550

Up $275,524 (+39%) from 2015

Expenses

Up

$848,220

Up $63,864 (+8.1%) from 2015

Net Income

Up

$133,330

Up $211,660 (+270%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

2016

Assets$8,897,780
Liabilities$433,597
Net Assets$8,464,183
Open 2016 Filing

Operations Trend

Revenue Growth88th percentile

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

2016

Revenue$981,550
Expenses$848,220
Net Income$133,330
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Feb 25, 2017
Return Version
2015v3.0
Gross Receipts
$3,331,042
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$7,237,877$7,322,504▲ $84,627
Investments Other Securities$868,965$853,415▼ $15,550
Cash and Non-Interest-Bearing Accounts-$341,892-
Savings and Temporary Cash Investments$443,340$337,653▼ $105,687
Pledges and Grants Receivable-$27,500-
Accounts Receivable$26,900--
Prepaid Expenses and Deferred Charges$11,224$11,622▲ $398
Land, Buildings, and Equipment, Net$4,538$2,684▼ $1,854
Total Assets$8,594,469$8,897,780▲ $303,311
Other Assets Total$1,625$510▼ $1,115
Liabilities
Grants Payable$316,699$332,060▲ $15,361
Escrow Account Liability$101,410$90,410▼ $11,000
Accounts Payable and Accrued Expenses$11,337$11,127▼ $210
Total Liabilities$429,446$433,597▲ $4,151
Net Assets / Fund Balance
Unrestricted Net Assets$6,349,069$6,653,517▲ $304,448
Temporarily Rstr Net Assets$946,989$957,251▲ $10,262
Permanently Rstr Net Assets$868,965$853,415▼ $15,550
Total Net Assets Fund Balance$8,165,023$8,464,183▲ $299,160
Total Liabilities and Net Assets / Fund Balance$8,594,469$8,897,780▲ $303,311

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,684$7,121$9,805
Other Securities$853,415--
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer TiceOperations DirectorFT$57,376$9,965$67,341
Brent RoubalExecutive DirectorFT$18,433$13,936$32,369

Board Members and Trustees

NameTitle
Elaine WagnerPresident
Giselle SimonsVice President
Debbie HelmleBoard Member
Heidi RadishBoard Member
Julia WallaceBoard Member
Lorri CislerBoard Member
Michelle MckinnonBoard Member
Mike StearneyBoard Member
Ronda KincheloeBoard Member
Ryan LaughlinBoard Member
Teresa BraySecretary
Mark FischerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$626,565
Program Service Revenue
$5,740
Investment Income
$381,943
Other Revenue
$-32,698
All Other Contributions
$578,220
Change in Net Assets
$133,330

Audited Revenue Reconciliation

Revenue per Audited Statements
$938,946
Revenue Not Reported on Financial Statements
$42,604
Revenue Not Reported on Form 990
$199,129
Total Revenue per Audited Statements
$1,138,075
Total Revenue per Form 990
$981,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$461,872
Salaries, Compensation, and Employee Benefits$265,422
Other Expenses$120,926
Total Fundraising Expense$25,874
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$461,872--$461,872
Current Officers, Directors, Trustees, and Key Employees$64,229$74,617$20,812$159,658
Other Salaries and Wages$73,682$3,025-$76,707
Fees for Service Investment Mgmnt Fees-$42,604-$42,604
Office Expenses$28,757$5,379$1,156$35,292
Payroll Taxes$9,020$5,132$1,400$15,552
Other Employee Benefits$7,832$4,457$1,216$13,505
Occupancy$10,278$2,353$588$13,219
Other Expenses$552$10,208-$10,760
Fees for Services Accounting-$8,400-$8,400
Travel$4,972$263$88$5,323
Advertising$1,895-$539$2,434
Depreciation Depletion-$1,854-$1,854
Conferences and Meetings$457$508$75$1,040
Total Functional Expenses$663,546$158,800$25,874$848,220

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$848,220
Total Expenses per Audited Statements$838,915
Expenses per Audited Statements$805,616
Expenses Not Reported on Financial Statements$42,604
Expenses Not Reported on Form 990$33,299
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$33,299
Fundraising Gross Income$300
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lamp of Knowledge$48,645$300$22,537$-22,237
Total Events$48,645$300$33,299$-32,999
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 for review.”

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

Filer Name
Scholarships Incorporated
EIN
39-1044089
Phone
9208579088
Address
2301 RIVERSIDE DRIVE, GREEN BAY, WI 54301

Signing Officer

Name
Elaine Wagner
Title
President
Phone
9205698411
Signed
2017-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elaine Wagner
Formed
1962
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
11
Volunteers
78

Preparer

Firm
Schenck Sc
Address
PO BOX 23819, GREEN BAY, WI 54305-3819
Preparer
Thomas L Karman
Phone
9204367800
Supplemental Narrative

Additional Explanations

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 organzation other than a private foundation. 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 2016.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenues on form 990 33299.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenues on form 990 33299.”

Raw XML AppendixShowing 400 of 524 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE ORGANIZATION AWARDS SCHOLARSHIPS TO STUDENTS WHO HAVE ESTABLISHED FINANCIAL NEED AND HAVE DEMONSTRATED ACADEMIC ACHIEVEMENT BASED ON GPA, STANDARDIZED TEST SCORES, COURSE RIGOR, COMMUNITY INVOLVEMENT, LEADERSHIP AND EXTRA CURRICULAR ACTIVITIES. 207 STUDENTS WERE AWARDED SCHOLARSHIPS TOTALLING $664,000 IN 2016. THROUGH OUR PROGRAMMING, THE ORGANIZATION HELPS READY STUDENTS FOR SCHOLARSHIP SUCCESS. THE OBJECT OF OUR ACTIVITIES IS TO PROVIDE COACHING ON PREPARING FOR SCHOLARSHIPS SO WE HAVE THE BEST QUALIFIED APPLICANTS, AS WELL AS SHOWING THEM THE COMPONENTS OF A QUALITY EDUCATION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990/FundraisingGrossIncomeAmt0300
IRS990/GainOrLossGrp/SecuritiesAmt0260820
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt0461872
IRS990/GrantsPayableGrp/BOYAmt0316699
IRS990/GrantsPayableGrp/EOYAmt0332060
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0461872
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0461872
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02577013
IRS990/GrossReceiptsAmt03331042
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0121123
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0121123
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0868965
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0853415
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07237877
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07322504
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07121
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04538
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02684
IRS990/LandBldgEquipCostOrOtherBssAmt09805
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02316193
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/NetAssetsOrFundBalancesBOYAmt08165023
IRS990/NetAssetsOrFundBalancesEOYAmt08464183
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0260820
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0260820
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-32999
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-32999
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0165830
IRS990/NoncashContributionsAmt012926
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0588
IRS990/OccupancyGrp/ManagementAndGeneralAmt02353
IRS990/OccupancyGrp/ProgramServicesAmt010278
IRS990/OccupancyGrp/TotalAmt013219
IRS990/OfficeExpensesGrp/FundraisingAmt01156
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05379
IRS990/OfficeExpensesGrp/ProgramServicesAmt028757
IRS990/OfficeExpensesGrp/TotalAmt035292
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01625
IRS990/OtherAssetsTotalGrp/EOYAmt0510
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01216
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04457
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07832
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013505
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010208
IRS990/OtherExpensesGrp/ProgramServicesAmt0552
IRS990/OtherExpensesGrp/TotalAmt010760
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt0301
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0301
IRS990/OtherRevenueTotalAmt0301
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03025
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt073682
IRS990/OtherSalariesAndWagesGrp/TotalAmt076707
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01400
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05132
IRS990/PayrollTaxesGrp/ProgramServicesAmt09020
IRS990/PayrollTaxesGrp/TotalAmt015552
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0868965
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0853415
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt027500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011224
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011622
IRS990/PrincipalOfficerNm0ELAINE WAGNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATIVE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05740
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05740
IRS990/ProgSrvcAccomActy2Grp/Desc0NEW SCHOLARS IS A COLLEGE READINESS PROGRAM FOCUSED ON ENHANCING READING, WRITING AND CHARACTER DEVELOPMENT AMONG UNDERSERVED AND WOULD-BE FIRST GENERATION COLLEGE STUDENTS. BEGINNING IN 6TH GRADE AND CONTINUING THROUGH 12TH GRADE, WE HELP THESE STUDENTS ON THEIR PATH TO HIGHER EDUCATION AND PREPARE THEM FOR ACCEPTANCE INTO COLLEGE. IN ADDITION, STUDENTS CAN EARN UP TO A $5,000 SCHOLARSHIP AFTER SUCCESSFUL COMPLETION OF THE PROGRAM AS A HIGH SCHOOL GRADUATE. THE PROGRAM BEGAN IN 2014 AND CURRENTLY HAS THREE COHORTS (6TH, 7TH & 8TH GRADES) IN OPERATION WITH A TOTAL OF 72 STUDENTS. WHEN THE PROGRAM BECOMES FULLY OPERATIONAL IN 2020 WE WILL HAVE SEVEN CONCURRENT COHORTS FROM 6TH THROUGH 12TH GRADE TOTALING MORE THAN 170 STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt081448
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0255872
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0467674
IRS990/PYInvestmentIncomeAmt0470577
IRS990/PYOtherExpensesAmt0129694
IRS990/PYOtherRevenueAmt0-28133
IRS990/PYProgramServiceRevenueAmt07710
IRS990/PYRevenuesLessExpensesAmt0-78330
IRS990/PYSalariesCompEmpBnftPaidAmt0186988
IRS990/PYTotalExpensesAmt0784356
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0706026
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0133330
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05740
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0443340
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0337653
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0626565
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0255872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0677251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0587603
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0866982
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03014273
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0121123
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0131019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0114797
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0138548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt071514
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0577001
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt056378
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0301
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0226
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0261
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0795
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44870
IRS990ScheduleA/PublicSupportPY170Pct00.45270
IRS990ScheduleA/PublicSupportTotal170Amt01611608
IRS990ScheduleA/SubstantialContributorsTotAmt01402665
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0626565
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0255872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0677251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0587603
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0866982
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03014273
IRS990ScheduleA/TotalSupportAmt03592069
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/EquipmentGrp/BookValueAmt02684
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07121
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09805
IRS990ScheduleD/ExpensesNotReportedAmt033299
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt042604
IRS990ScheduleD/ExpensesSubtotalAmt0805616
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt042604
IRS990ScheduleD/InvestmentExpensesNotIncldAmt042604
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0165830
IRS990ScheduleD/OtherExpensesIncludedAmt033299
IRS990ScheduleD/OtherRevenueAmt033299
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0853415
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BENEFICIAL INTEREST IN IRREVOCABLE TRUSTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0199129
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt042604
IRS990ScheduleD/RevenueSubtotalAmt0938946
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 ORGANZATION OTHER THAN A PRIVATE FOUNDATION. 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 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 33299.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 33299.
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:

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,897,780
Liabilities
$433,597
Net assets
$8,464,183
Revenue
$981,550
Expenses
$848,220
Net income
$133,330
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
2016Detailed filing. Detailed filing data is available for this year.$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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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