Civic Intelligence

Collegeready Inc.

990 • Fiscal year 2018 • EIN 39-1044089

Sep 01, 2017 to Aug 31, 2018 • Filed on May 14, 2019

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

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

28th percentile

0.07x

Higher debt load relative to revenue than 28% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

25th percentile

-4.8%

Higher net margin than 25% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$108,449

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

28th percentile

-3.1%

Faster asset growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

47%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$8,837,666

Down $280,536 (-3.1%) from 2017

Net Assets

Up

$8,779,159

Up $62,183 (+0.7%) from 2017

Liabilities

Down

$58,507

Down $342,719 (-85%) from 2017

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin25th percentile

Revenue

Up

$887,560

Up $283,975 (+47%) from 2017

Expenses

Up

$930,470

Up $46,497 (+5.3%) from 2017

Net Income

Up

-$42,910

Up $237,478 (+85%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2018

Assets$8,837,666
Liabilities$58,507
Net Assets$8,779,159
Open 2018 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

2018

Revenue$887,560
Expenses$930,470
Net Income-$42,910
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$2,685,707
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.

To encourage and invest in area students to succeed in higher education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,612,344$7,638,583▲ $26,239
Investments Other Securities$900,595$922,966▲ $22,371
Cash and Non-Interest-Bearing Accounts$300,423$135,247▼ $165,176
Savings and Temporary Cash Investments$258,416$110,780▼ $147,636
Pledges and Grants Receivable$29,656$24,156▼ $5,500
Prepaid Expenses and Deferred Charges$12,380$4,398▼ $7,982
Accounts Receivable$2,400$0▼ $2,400
Land, Buildings, and Equipment, Net$1,109$338▼ $771
Total Assets$9,118,202$8,837,666▼ $280,536
Other Assets Total$879$1,198▲ $319
Liabilities
Escrow Account Liability$80,950$44,935▼ $36,015
Accounts Payable and Accrued Expenses$18,151$12,072▼ $6,079
Grants Payable$302,125$1,500▼ $300,625
Total Liabilities$401,226$58,507▼ $342,719
Net Assets / Fund Balance
Unrestricted Net Assets$6,817,275$5,118,430▼ $1,698,845
Temporarily Rstr Net Assets$999,106$2,607,763▲ $1,608,657
Permanently Rstr Net Assets$900,595$1,052,966▲ $152,371
Total Net Assets Fund Balance$8,716,976$8,779,159▲ $62,183
Total Liabilities and Net Assets / Fund Balance$9,118,202$8,837,666▼ $280,536

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$338$9,467$9,805
Other Securities$922,966--
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent RoubalExecutive DirectorFT$90,522$17,927$108,449
Jennifer TiceOperations DirectorFT$53,611$10,515$64,126

Board Members and Trustees

NameTitle
Giselle SimonsPresident
Debbie HelmleVice President
Anita ReschBoard Member
Cassidy HickmanBoard Member
Chad WiegandBoard Member
Claire WilliamsBoard Member
David Van StratenBoard Member
Elaine WagnerBoard Member
Heidi RadishBoard Member
Lora WarnerBoard Member
Susan SchoenbergerBoard Member
Teresa BrayBoard Member
Ronda KincheloeSecretary
Mark FischerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$285,170
Program Service Revenue
$2,940
Investment Income
$626,823
Other Revenue
$-27,373
All Other Contributions
$222,795
Change in Net Assets
$-42,910

Audited Revenue Reconciliation

Revenue per Audited Statements
$846,094
Revenue Not Reported on Financial Statements
$41,466
Revenue Not Reported on Form 990
$134,927
Total Revenue per Audited Statements
$981,021
Total Revenue per Form 990
$887,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$457,537
Salaries, Compensation, and Employee Benefits$344,072
Other Expenses$128,861
Total Fundraising Expense$30,486
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$457,537--$457,537
Current Officers, Directors, Trustees, and Key Employees$69,719$86,662$24,277$180,658
Other Salaries and Wages$119,159$1,877-$121,036
Office Expenses$40,263$5,070$1,084$46,417
Fees for Service Investment Mgmnt Fees-$41,466-$41,466
Other Employee Benefits$14,248$6,559$1,810$22,617
Payroll Taxes$12,449$5,731$1,581$19,761
Occupancy$12,864$2,448$612$15,924
Fees for Services Accounting-$8,702-$8,702
Travel$6,637$166$55$6,858
Other Expenses-$3,672-$3,672
Advertising$1,854-$847$2,701
Conferences and Meetings$1,423$707$220$2,350
Depreciation Depletion-$771-$771
Total Functional Expenses$736,153$163,831$30,486$930,470

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$930,470
Total Expenses per Audited Statements$918,838
Expenses per Audited Statements$889,004
Expenses Not Reported on Financial Statements$41,466
Expenses Not Reported on Form 990$29,834
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,373
Fundraising Gross Income$1,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lamp of Knowledge$63,375$1,000$16,007$-15,007
Total Events$63,375$1,000$28,373$-27,373
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 11B

“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 annually by the board with each member also signing the document to ensure understanding and compliance. If a board member is determined to have a conflict of interest, he or she is asked to recuse himself or herself of the topic and leave the meeting during the discussion of, and vote if any on, the transaction or arrangement that has resulted in the conflict of interest.”

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
Mark Fischer
Title
Board Treasurer
Phone
9208579088
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Roubal
Formed
1962
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
12
Volunteers
86

Preparer

Firm
Cliftonlarsonallen Llp
Address
PO BOX 23819, GREEN BAY, WI 54305-3819
Preparer
Wendy Mallo
Phone
9204367800
Supplemental Narrative

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 2018.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenues on form 990 28373.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenues on form 990 28373.”

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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. 237 STUDENTS WERE AWARDED SCHOLARSHIPS TOTALING $601,250 IN 2017-18. 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
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15OPERATIONS DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01962
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt062375
IRS990/FundraisingDirectExpensesAmt028373
IRS990/FundraisingGrossIncomeAmt01000
IRS990/GainOrLossGrp/SecuritiesAmt0486681
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0457537
IRS990/GrantsPayableGrp/BOYAmt0302125
IRS990/GrantsPayableGrp/EOYAmt01500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0457537
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0457537
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02256455
IRS990/GrossReceiptsAmt02685707
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0140142
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0140142
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0900595
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0922966
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07612344
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07638583
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09467
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01109
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0338
IRS990/LandBldgEquipCostOrOtherBssAmt09805
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01769774
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/NetAssetsOrFundBalancesBOYAmt08716976
IRS990/NetAssetsOrFundBalancesEOYAmt08779159
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0486681
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0486681
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-27373
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-27373
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0105093
IRS990/NoncashContributionsAmt02329
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0612
IRS990/OccupancyGrp/ManagementAndGeneralAmt02448
IRS990/OccupancyGrp/ProgramServicesAmt012864
IRS990/OccupancyGrp/TotalAmt015924
IRS990/OfficeExpensesGrp/FundraisingAmt01084
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05070
IRS990/OfficeExpensesGrp/ProgramServicesAmt040263
IRS990/OfficeExpensesGrp/TotalAmt046417
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0879
IRS990/OtherAssetsTotalGrp/EOYAmt01198
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01810
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06559
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014248
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022617
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03672
IRS990/OtherExpensesGrp/TotalAmt03672
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01877
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0119159
IRS990/OtherSalariesAndWagesGrp/TotalAmt0121036
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01581
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05731
IRS990/PayrollTaxesGrp/ProgramServicesAmt012449
IRS990/PayrollTaxesGrp/TotalAmt019761
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0900595
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01052966
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt029656
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt024156
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012380
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04398
IRS990/PrincipalOfficerNm0BRENT ROUBAL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATIVE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02940
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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0142797
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0278422
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0453425
IRS990/PYInvestmentIncomeAmt0353627
IRS990/PYOtherExpensesAmt0121194
IRS990/PYOtherRevenueAmt0-33964
IRS990/PYProgramServiceRevenueAmt05500
IRS990/PYRevenuesLessExpensesAmt0-280388
IRS990/PYSalariesCompEmpBnftPaidAmt0309354
IRS990/PYTotalExpensesAmt0883973
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0603585
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-42910
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02940
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0258416
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0110780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0285170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0278422
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0626565
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0255872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0677251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02123280
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0140142
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0122996
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0121123
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0131019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0114797
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0630077
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt035150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0301
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0226
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0531
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.35640
IRS990ScheduleA/PublicSupportPY170Pct00.43160
IRS990ScheduleA/PublicSupportTotal170Amt0981558
IRS990ScheduleA/SubstantialContributorsTotAmt01141722
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0285170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0278422
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0626565
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0255872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0677251
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02123280
IRS990ScheduleA/TotalSupportAmt02753888
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01461
IRS990ScheduleD/DonatedServicesUseFcltsAmt01461
IRS990ScheduleD/EquipmentGrp/BookValueAmt0338
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09467
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09805
IRS990ScheduleD/ExpensesNotReportedAmt029834
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt041466
IRS990ScheduleD/ExpensesSubtotalAmt0889004
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt041466
IRS990ScheduleD/InvestmentExpensesNotIncldAmt041466
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0105093
IRS990ScheduleD/OtherExpensesIncludedAmt028373
IRS990ScheduleD/OtherRevenueAmt028373
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0922966
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUSTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0134927
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt041466
IRS990ScheduleD/RevenueSubtotalAmt0846094
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 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 28373.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSES NETTED WITH REVENUES ON FORM 990 28373.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,837,666
Liabilities
$58,507
Net assets
$8,779,159
Revenue
$887,560
Expenses
$930,470
Net income
-$42,910
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
2018Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

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