Civic Intelligence

The Prison Scholar Fund

990 • Fiscal year 2021 • EIN 41-2175677

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Refreshing map…

1752 NW Market St 953Seattle, WA 98107

(206) 734-5425

Siviq Scores

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

Liabilities / Assets

95th percentile

1.10x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

31st percentile

0.02x

Higher debt load relative to revenue than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

23rd percentile

-1.2%

Higher net margin than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$98,818

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

8th percentile

-9.8%

Faster asset growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

79th percentile

58%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$23,697

Down $2,587 (-9.8%) from 2020

Net Assets

Down

-$2,407

Down $14,964 (-119%) from 2020

Liabilities

Up

$26,104

Up $12,377 (+90%) from 2020

Revenue

Up

$1,210,114

Up $443,047 (+58%) from 2020

Expenses

Up

$1,224,683

Up $487,373 (+66%) from 2020

Net Income

Down

-$14,569

Down $44,326 (-149%) from 2020

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2012: $1,431Liabilities 2012: $02012Assets 2013: $1,431Liabilities 2013: $02013Assets 2014: $252Liabilities 2014: $02014Assets 2015: $21,008Liabilities 2015: $27,880Net Assets 2015: -$6,8722015Assets 2016: $45,010Liabilities 2016: $31,6052016Assets 2017: $77,542Liabilities 2017: $37,8082017Assets 2018: $46,904Liabilities 2018: $20,121Net Assets 2018: $26,7832018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $26,284Liabilities 2020: $13,727Net Assets 2020: $12,5572020Assets 2021: $23,697Liabilities 2021: $26,104Net Assets 2021: -$2,4072021Assets 2022: $70,612Liabilities 2022: -$655Net Assets 2022: $71,2672022Assets 2024: $22,947Liabilities 2024: $4,292Net Assets 2024: $18,6552024

Highlighted filing

2021

Assets$23,697
Liabilities$26,104
Net Assets-$2,407

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $2,241Expenses 2012: $2,306Net Income 2012: -$652012Revenue 2013: $385Expenses 2013: $1,375Net Income 2013: -$9902013Revenue 2014: $140Expenses 2014: $330Net Income 2014: -$1902014Revenue 2015: $88,402Expenses 2015: $67,646Net Income 2015: $20,7562015Revenue 2016: $82,131Expenses 2016: $61,853Net Income 2016: $20,2782016Revenue 2017: $174,126Expenses 2017: $148,560Net Income 2017: $25,5662017Revenue 2018: $84,148Expenses 2018: $97,099Net Income 2018: -$12,9512018Revenue 2019: $98,903Expenses 2019: $152,016Net Income 2019: -$53,1132019Revenue 2020: $767,067Expenses 2020: $737,310Net Income 2020: $29,7572020Revenue 2021: $1,210,114Expenses 2021: $1,224,683Net Income 2021: -$14,5692021Revenue 2022: $1,137,148Expenses 2022: $1,060,204Net Income 2022: $76,9442022Revenue 2024: $805,880Expenses 2024: $1,073,984Net Income 2024: -$268,1042024

Highlighted filing

2021

Revenue$1,210,114
Expenses$1,224,683
Net Income-$14,569
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$1,210,114
Mission and Program Overview

Mission

Strengthening communities and families through reducing recidivism, by increasing access to postsecondary education for incarcerated students.

Provide education and employment assistance to help incarcerated people succeed and thrive in society while avoiding homelessness and the revolving door of reincarceration

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,784$21,197▼ $2,587
Accounts Receivable$2,500$2,500→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$12,557$-2,407▼ $14,964
Total Assets$26,284$23,697▼ $2,587
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$11,286$15,291▲ $4,005
Other Liabilities$2,441$7,364▲ $4,923
Deferred Revenue-$3,449-
Total Liabilities$13,727$26,104▲ $12,377
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,557$-2,407▼ $14,964
Total Liabilities and Net Assets / Fund Balance$26,284$23,697▼ $2,587
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dirk Van VelzenCEOFT$98,818$98,818

Board Members and Trustees

NameTitle
Caroline GarryChairperson
Antoinette GovanDirector
Arjun DubashiDirector
Brent OrrellDirector
David IsraelDirector
Mark ManuelDirector
Robert WoodDirector
Sai NimmagaddaDirector
Timothy PauleyDirector
Uzair KhanDirector
Xuelian ChiDirector
Seph MccartySecretary
Barry PailetTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,210,093
Program Service Revenue
$0
Investment Income
$21
Other Revenue
$0
All Other Contributions
$1,210,093
Change in Net Assets
$-14,569

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported Amount
Food Inventory$644,245
Other Non Cash Contri Table$381,003
Other Non Cash Contri Table$14,995
Total Noncash Contributions$1,040,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,084,842
Salaries, Compensation, and Employee Benefits$107,326
Other Expenses$32,515
Total Fundraising Expense$12,167
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,084,842--$1,084,842
Current Officers, Directors, Trustees, and Key Employees$69,173$19,764$9,881$98,818
Payroll Taxes$5,956$1,702$850$8,508
Travel$3,826$1,093$546$5,465
Occupancy$3,503$1,001$501$5,005
Interest$879$251$125$1,255
Advertising$846$242$119$1,207
Fees for Services Accounting$543$155$77$775
Other Expenses$467$133$67$667
Fees for Services Legal$7$2$1$10
Total Functional Expenses$1,188,173$24,343$12,167$1,224,683
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital One 9503$6,528
Accrued Payroll$693
Credit Card$142
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
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, Line 11B: Form 990 Review Process

The 990 is reviewed by the board chair and treasurer, the entire board of directors receives a copy of the complete 990 prior to filing with the irs

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest policy is discussed with the board annually to disclose relationships that may be in conflict. All board members are required to sign a new policy each year after discussion.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The prison scholar fund's ceo compensation is determined through market surveys in the seattle area. The ceo meets annually with the executive committee to discuss the ceo's salary and bonus for the year

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The prison scholar fund makes governing documents, conflict of interest policy and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
The Prison Scholar Fund
EIN
41-2175677
Phone
2067345425
Address
1752 NW MARKET ST 953, SEATTLE, WA 98107

Signing Officer

Name
Dirk Van Velzen
Title
CEO
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dirk Van Velzen
Formed
2006
Legal Domicile
Wa
Voting Board Members
14
Independent Board Members
0
Employees
1

Preparer

Firm
DMP Management LLC
Address
319 NW 100th Street, Seattle, WA 98177
Preparer
Daniel M Pho
Phone
3604573303
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IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0WA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide education and employment assistance to help incarcerated people succeed and thrive in society while avoiding homelessness and the revolving door of reincarceration
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt012557
IRS990/NetAssetsOrFundBalancesEOYAmt0-2407
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoncashContributionsAmt01040243
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0501
IRS990/OccupancyGrp/ManagementAndGeneralAmt01001
IRS990/OccupancyGrp/ProgramServicesAmt03503
IRS990/OccupancyGrp/TotalAmt05005
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0OPERATIONS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/FundraisingAmt067
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0133
IRS990/OtherExpensesGrp/ProgramServicesAmt011544
IRS990/OtherExpensesGrp/ProgramServicesAmt16587
IRS990/OtherExpensesGrp/ProgramServicesAmt2467
IRS990/OtherExpensesGrp/TotalAmt011544
IRS990/OtherExpensesGrp/TotalAmt16587
IRS990/OtherExpensesGrp/TotalAmt2667
IRS990/OtherLiabilitiesGrp/BOYAmt02441
IRS990/OtherLiabilitiesGrp/EOYAmt07364
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0850
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01702
IRS990/PayrollTaxesGrp/ProgramServicesAmt05956
IRS990/PayrollTaxesGrp/TotalAmt08508
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DIRK VAN VELZEN
IRS990/PriorPeriodAdjustmentsAmt0-395
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0767067
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0667314
IRS990/PYRevenuesLessExpensesAmt029757
IRS990/PYSalariesCompEmpBnftPaidAmt069996
IRS990/PYTotalExpensesAmt0737310
IRS990/PYTotalRevenueAmt0767067
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-14569
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012557
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-2407
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01210114
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0767067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt098903
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt084148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0174126
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02334358
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02334358
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01210114
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0767067
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt098903
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt084148
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0174126
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02334358
IRS990ScheduleA/TotalSupportAmt02334358
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16528
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2142
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL ONE 9503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rounding
IRS990ScheduleD/TotalLiabilityAmt07364
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt0644245
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0PROFESSIONAL SE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1TUITION
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0381003
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt114995
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE BOARD CHAIR AND TREASURER, THE ENTIRE BOARD OF DIRECTORS RECEIVES A COPY OF THE COMPLETE 990 PRIOR TO FILING WITH THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS DISCUSSED WITH THE BOARD ANNUALLY TO DISCLOSE RELATIONSHIPS THAT MAY BE IN CONFLICT. ALL BOARD MEMBERS ARE REQUIRED TO SIGN A NEW POLICY EACH YEAR AFTER DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRISON SCHOLAR FUND'S CEO COMPENSATION IS DETERMINED THROUGH MARKET SURVEYS IN THE SEATTLE AREA. THE CEO MEETS ANNUALLY WITH THE EXECUTIVE COMMITTEE TO DISCUSS THE CEO'S SALARY AND BONUS FOR THE YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRISON SCHOLAR FUND MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToExcsTaxNetInvstIncInd0false

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