Civic Intelligence

The Scholarship Foundation of St Louis

EIN 43-6031234 • 501(c)3 • St Louis, MO

Profile

The foundation provides access to post-secondary education through interest-free loans, grants, and services to area students who are in financial need and who would otherwise not have the financial means to fulfill their educational goals.

6825 Clayton Ave Ste 100St Louis, MO 63139

www.sfstl.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.07x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.31x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

36th percentile

0.2%

Higher net margin than 36% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$265,185

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

29th percentile

-0.3%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-6.8%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$46,287,097

Down $118,358 (-0.3%) from 2023

Liabilities

Up

$3,354,886

Up $153,794 (+4.8%) from 2023

Net Assets

Down

$42,932,211

Down $272,152 (-0.6%) from 2023

Revenue

Down

$10,982,931

Down $805,705 (-6.8%) from 2023

Expenses

Up

$10,964,665

Up $1,627,489 (+17%) from 2023

Net Income

Down

$18,266

Down $2,433,194 (-99%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $31,265,478Liabilities 2010: $386,317Net Assets 2010: $30,879,1612010Assets 2011: $32,501,321Liabilities 2011: $520,271Net Assets 2011: $31,981,0502011Assets 2012: $34,086,622Liabilities 2012: $547,826Net Assets 2012: $33,538,7962012Assets 2013: $36,050,307Liabilities 2013: $642,168Net Assets 2013: $35,408,1392013Assets 2014: $36,871,602Liabilities 2014: $685,192Net Assets 2014: $36,186,4102014Assets 2015: $38,085,502Liabilities 2015: $711,570Net Assets 2015: $37,373,9322015Assets 2016: $37,966,349Liabilities 2016: $631,795Net Assets 2016: $37,334,5542016Assets 2017: $39,435,896Liabilities 2017: $544,187Net Assets 2017: $38,891,7092017Assets 2018: $39,256,046Liabilities 2018: $530,161Net Assets 2018: $38,725,8852018Assets 2019: $44,299,539Liabilities 2019: $822,078Net Assets 2019: $43,477,4612019Assets 2020: $46,641,918Liabilities 2020: $1,617,946Net Assets 2020: $45,023,9722020Assets 2021: $49,025,721Liabilities 2021: $1,627,938Net Assets 2021: $47,397,7832021Assets 2022: $46,466,432Liabilities 2022: $2,978,042Net Assets 2022: $43,488,3902022Assets 2023: $46,405,455Liabilities 2023: $3,201,092Net Assets 2023: $43,204,3632023Assets 2024: $46,287,097Liabilities 2024: $3,354,886Net Assets 2024: $42,932,2112024

Highlighted filing

2024

Assets$46,287,097
Liabilities$3,354,886
Net Assets$42,932,211

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,698,5262010Expenses 2011: $5,247,5702011Revenue 2012: $5,080,563Expenses 2012: $5,129,540Net Income 2012: -$48,9772012Revenue 2013: $5,316,584Expenses 2013: $5,448,624Net Income 2013: -$132,0402013Revenue 2014: $5,267,440Expenses 2014: $5,774,079Net Income 2014: -$506,6392014Revenue 2015: $7,192,376Expenses 2015: $7,191,752Net Income 2015: $6242015Revenue 2016: $4,832,321Expenses 2016: $6,121,103Net Income 2016: -$1,288,7822016Revenue 2017: $6,933,504Expenses 2017: $6,200,105Net Income 2017: $733,3992017Revenue 2018: $6,906,910Expenses 2018: $7,220,548Net Income 2018: -$313,6382018Revenue 2019: $10,296,140Expenses 2019: $7,408,877Net Income 2019: $2,887,2632019Revenue 2020: $8,250,681Expenses 2020: $8,092,921Net Income 2020: $157,7602020Revenue 2021: $11,563,775Expenses 2021: $8,294,220Net Income 2021: $3,269,5552021Revenue 2022: $7,587,422Expenses 2022: $9,042,342Net Income 2022: -$1,454,9202022Revenue 2023: $11,788,636Expenses 2023: $9,337,176Net Income 2023: $2,451,4602023Revenue 2024: $10,982,931Expenses 2024: $10,964,665Net Income 2024: $18,2662024

Highlighted filing

2024

Revenue$10,982,931
Expenses$10,964,665
Net Income$18,266

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.3$3.35$42.9$11.0$11.0$0.02
2023Detailed filing. Detailed filing data is available for this year.$46.4$3.20$43.2$11.8$9.34$2.45
2022Detailed filing. Detailed filing data is available for this year.$46.5$2.98$43.5$7.59$9.04$1.45
2021Detailed filing. Detailed filing data is available for this year.$49.0$1.63$47.4$11.6$8.29$3.27
2020Detailed filing. Detailed filing data is available for this year.$46.6$1.62$45.0$8.25$8.09$0.16
2019Detailed filing. Detailed filing data is available for this year.$44.3$0.82$43.5$10.3$7.41$2.89
2018Detailed filing. Detailed filing data is available for this year.$39.3$0.53$38.7$6.91$7.22$0.31
2017Detailed filing. Detailed filing data is available for this year.$39.4$0.54$38.9$6.93$6.20$0.73
2016Detailed filing. Detailed filing data is available for this year.$38.0$0.63$37.3$4.83$6.12$1.29
2015Detailed filing. Detailed filing data is available for this year.$38.1$0.71$37.4$7.19$7.19$0.00
2014Detailed filing. Detailed filing data is available for this year.$36.9$0.69$36.2$5.27$5.77$0.51
2013Detailed filing. Detailed filing data is available for this year.$36.1$0.64$35.4$5.32$5.45$0.13
2012Summary only. Only limited summary data is available for this year.$34.1$0.55$33.5$5.08$5.13$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$0.52$32.0$5.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.3$0.39$30.9$4.70
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 8, 2024
Return Version
2023v5.0
Gross Receipts
$58,386,473
Mission and Program Overview

Mission

The foundation provides access to post-secondary education through interest-free loans, grants, and services to area students who are in financial need and who would otherwise not have the financial means to fulfill their educational goals.

Provides need-based awards and advising to students pursuing post-secondary education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,440,819$20,860,255▲ $2,419,436
Other Notes and Loans Receivable, Net$23,886,689$19,316,050▼ $4,570,639
Savings and Temporary Cash Investments$3,012,243$4,855,759▲ $1,843,516
Pledges and Grants Receivable$69,545$365,174▲ $295,629
Land, Buildings, and Equipment, Net$128,165$194,473▲ $66,308
Cash and Non-Interest-Bearing Accounts$56,598$99,404▲ $42,806
Prepaid Expenses and Deferred Charges$65,845$76,377▲ $10,532
Total Assets$46,466,432$46,405,455▼ $60,977
Other Assets Total$806,528$637,963▼ $168,565
Liabilities
Deferred Revenue$2,016,820$2,387,044▲ $370,224
Accounts Payable and Accrued Expenses$856,783$713,835▼ $142,948
Other Liabilities$104,439$100,213▼ $4,226
Total Liabilities$2,978,042$3,201,092▲ $223,050
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,409,749$30,157,949▼ $1,251,800
Net Assets With Donor Restrictions$12,078,641$13,046,414▲ $967,773
Total Net Assets Fund Balance$43,488,390$43,204,363▼ $284,027
Total Liabilities and Net Assets / Fund Balance$46,466,432$46,405,455▼ $60,977

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$164,729$92,879$257,608
Other Land Buildings$12,570$40,799$53,369
Leasehold Improvements$17,174$30,714$47,888

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,641,027$33,750▲ $932,138$238,407$7,368,508
2022$7,436,293$150,450▼ $704,334$241,382$6,641,027
2021$6,589,190$314,835▲ $751,763$219,495$7,436,293
2020$6,182,424$168,600▲ $455,956$217,790$6,589,190
2019$4,109,102$1,428,000▲ $820,294$174,972$6,182,424
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Faith SandlerExecutive DirectorFT$229,438$50,630$280,068
Robert FoleyDirector of Information TechnologyFT$137,269$17,026$154,295
Tameka HerrionSenior Director of ProgramFT$123,733$12,354$136,087
Catherine HillDirector of Finance and ControllerFT$117,788$10,014$127,802
Jenny WeberDirector of AdvancementFT$108,259$9,918$118,177

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$8,263,072
Program Service Revenue
$2,237,583
Investment Income
$1,179,831
Other Revenue
$108,150
All Other Contributions
$8,263,072
Change in Net Assets
$2,451,460

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$479,443Ave Hi/low Stock Exch
Total Noncash Contributions12$479,443-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,478,332
Revenue Not Reported on Financial Statements
$2,310,304
Revenue Not Reported on Form 990
$2,271,604
Other Revenue Adjustments
$2,237,583
Total Revenue per Audited Statements
$11,749,936
Total Revenue per Form 990
$11,788,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,787,785
Salaries, Compensation, and Employee Benefits$1,915,470
Other Expenses$1,633,921
Total Fundraising Expense$634,528
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,787,785--$5,787,785
Other Salaries and Wages$853,207$221,170$305,384$1,379,761
Current Officers, Directors, Trustees, and Key Employees$92,594$46,297$92,594$231,485
Occupancy$108,597$30,711$45,696$185,004
Other Employee Benefits$85,100$26,889$35,619$147,608
Information Technology$67,349$32,356$28,442$128,147
Payroll Taxes$67,176$18,997$28,266$114,439
Fees for Services Other$74,652$36,433$600$111,685
Fees for Service Investment Mgmnt Fees-$72,721-$72,721
Conferences and Meetings$43,503$10,240$5,454$59,197
All Other Expenses$18,289$10,250$27,787$56,326
Pension Plan Contributions$24,758$7,001$10,418$42,177
Fees for Services Accounting-$37,791-$37,791
Depreciation Depletion$21,420$6,058$9,013$36,491
Other Expenses$3,807$3,220$24,729$31,756
Insurance$12,405$3,508$5,220$21,133
Fees for Services Legal-$8,937-$8,937
Office Expenses$3,928$1,707$1,604$7,239
Total Functional Expenses$8,114,660$587,988$634,528$9,337,176

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,337,176
Total Expenses per Audited Statements$9,128,223
Expenses per Audited Statements$8,007,955
Expenses Not Reported on Financial Statements$1,329,221
Other Expense Adjustments$1,256,500
Expenses Not Reported on Form 990$1,120,268
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Promises-to-give for Future Forward Program$98,656
Annuities Payable$1,557
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

Management of the scholarship foundation provides a copy of the form 990 in electronic format to each of its officers and directors for review. A timeline is established during which management addresses questions or comments from board members on the content of the return. Any adjustments to the return are shared with all officers and directors. Upon completion of the review process and after making any prescribed changes, a representative of the foundation signs the form 990 and the return is electronically filed with the irs.

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

The scholarship foundation has a conflict of interest policy that is included in the foundation's by-laws and reviewed with all board members. The scholarship foundation also requires board members and key employees to complete a report form each year for review by the treasurer. A copy of the policy is attached to the form provided to board members. The reports and any comments or questions are then submitted to the executive committee.

Form 990, Part VI, Section B, Line 15

There is no compensation based on sales, profits, or other performance criteria for any of the employees of the scholarship foundation. There are no contingent compensation agreements. There are no bonuses. The executive director has a written contract. The performance of the executive director is reviewed annually by the president, in consultation with the executive committee of the board, in a formal process. Periodic external compensation studies are performed to validate and substantiate salary ranges for all positions.

Form 990, Part VI, Section C, Line 19

Upon request: the scholarship foundation will make its governing documents, its conflict of interest policy, and its financial statements available to the public at the foundation's offices during normal business hours.

Filing and Contact Details

Filer

Filer Name
The Scholarship Foundation of St Louis
EIN
43-6031234
Phone
3147257990
Address
6825 CLAYTON AVE STE 100, ST LOUIS, MO 63139

Signing Officer

Name
Janet Hendrickson
Title
Treasurer
Phone
3147257990
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Hendrickson
Formed
1920
Legal Domicile
Mo
Voting Board Members
28
Independent Board Members
28
Employees
19
Volunteers
43

Preparer

Firm
Uhy Advisors Midwest Inc
Address
15 SUNNEN DRIVE SUITE 100, ST LOUIS, MO 63143-3819
Preparer
Denise Pisciotta
Phone
3146151200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Student loans repaid -2,237,583. Student loans awarded 1,256,500. Cumulative effect of change in accounting principles -2,905,740.

FORM 990, PART XII, LINE 2C:

No change from prior year.

Financial Statement Notes

PART V, LINE 4:

The endowment principal is invested in perpetuity. Income earned from the related investments is used for awards of interest-free student loans, grants, and associated expenses.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Forgone interest on student loans 1,120,268.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Student loans repaid 2,237,583.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Forgone interest on student loans 1,120,268.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Student loans awarded 1,256,500.

Raw XML AppendixShowing 400 of 787 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.

Path#Value
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IRS990/ActivityOrMissionDesc0PROVIDES NEED-BASED AWARDS AND ADVISING TO STUDENTS PURSUING POST-SECONDARY EDUCATION.
IRS990/AllOtherContributionsAmt08263072
IRS990/AllOtherExpensesGrp/FundraisingAmt027787
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt010250
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IRS990/AllOtherExpensesGrp/TotalAmt056326
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IRS990/BooksInCareOfDetail/PhoneNum03147257990
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06825 CLAYTON AVE SUITE 100
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IRS990/Desc0OPERATING ON A NONDISCRIMINATORY BASIS, THE FOUNDATION AWARDS SCHOLARSHIP GRANTS AND RENEWABLE INTEREST-FREE, FEE-FREE LOANS TO APPLICANTS WITH SIGNIFICANT FINANCIAL NEED WHO DEMONSTRATE SATISFACTORY ACADEMIC PROGRESS AND GOOD CHARACTER AND ARE FROM THE PROGRAM'S ELIGIBLE SERVICE AREA OR GRADUATE FROM AN ELIGIBLE HIGH SCHOOL. DURING 2023, 527 STUDENTS WERE AWARDED A TOTAL OF $4,531,285 IN SCHOLARSHIP GRANTS AND $1,256,500 IN INTEREST-FREE LOANS.
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IRS990/Form990PartVIISectionAGrp/PersonNm13JENNIE JEAN-JACQUES
IRS990/Form990PartVIISectionAGrp/PersonNm14DEBRA KENNARD
IRS990/Form990PartVIISectionAGrp/PersonNm15KATHERINE KREUSSER
IRS990/Form990PartVIISectionAGrp/PersonNm16LAURA KIPNIS
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IRS990/Form990PartVIISectionAGrp/PersonNm18APRIL MICKENS JOLLY
IRS990/Form990PartVIISectionAGrp/PersonNm19JOAN MAGRUDER
IRS990/Form990PartVIISectionAGrp/PersonNm20LAINIE NEIMAN
IRS990/Form990PartVIISectionAGrp/PersonNm21DAVID MEYER
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IRS990/Form990PartVIISectionAGrp/PersonNm26BOB SCHMALZ
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IRS990/Form990PartVIISectionAGrp/PersonNm28ROBERT FOLEY
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IRS990/Form990PartVIISectionAGrp/PersonNm30CATHERINE HILL
IRS990/Form990PartVIISectionAGrp/PersonNm31JENNY WEBER
IRS990/Form990PartVIISectionAGrp/PersonNm32FAITH SANDLER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR OF INFORMATION TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt29SENIOR DIRECTOR OF PROGRAM
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR OF FINANCE AND CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR OF ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt32EXECUTIVE DIRECTOR
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IRS990/MissionDesc0BASED ON A CONVICTION THAT AN EDUCATED SOCIETY IS ESSENTIAL TO A HEALTH DEMOCRACY, THE SCHOLARSHIP FOUNDATION OF ST. LOUIS SUPPORTS STUDENTS WITH FINANCIAL NEED TO AND THROUGH HIGHER EDUCATION BY PROVIDING SCHOLARSHIP GRANTS, INTEREST-FREE LOANS, AND STUDENT SUPPORT SERVICES.
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