Civic Intelligence

Scholarchips Inc.

990EZ • Fiscal year 2018 • EIN 46-3127898

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

1331 Emerson Street NWWashington, DC 20011

(202) 422-4239

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

85th percentile

$25,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 27.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

31st percentile

-8.8%

Faster asset growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-32%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$150,314

Down $14,500 (-8.8%) from 2017

Net Assets

$150,314

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$90,317

Down $43,147 (-32%) from 2017

Expenses

Up

$104,005

Up $19,321 (+23%) from 2017

Net Income

Down

-$13,688

Down $62,468 (-128%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $24,628Liabilities 2013: $02013Assets 2016: $117,735Liabilities 2016: $2,5152016Assets 2017: $164,814Liabilities 2017: $8132017Assets 2018: $150,314Net Assets 2018: $150,3142018Assets 2019: $175,857Net Assets 2019: $175,8572019Assets 2020: $205,190Liabilities 2020: $0Net Assets 2020: $205,1902020Assets 2021: $493,948Liabilities 2021: $0Net Assets 2021: $493,9482021Assets 2022: $513,986Liabilities 2022: $3,466Net Assets 2022: $510,5202022Assets 2023: $405,793Liabilities 2023: $9,326Net Assets 2023: $396,4672023Assets 2024: $259,766Liabilities 2024: $1,761Net Assets 2024: $258,0052024

Highlighted filing

2018

Assets$150,314
Liabilities-
Net Assets$150,314

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $21,789Expenses 2013: $10,210Net Income 2013: $11,5792013Revenue 2016: $119,563Expenses 2016: $37,946Net Income 2016: $81,6172016Revenue 2017: $133,464Expenses 2017: $84,684Net Income 2017: $48,7802017Revenue 2018: $90,317Expenses 2018: $104,005Net Income 2018: -$13,6882018Revenue 2019: $169,346Expenses 2019: $143,803Net Income 2019: $25,5432019Revenue 2020: $247,494Expenses 2020: $218,161Net Income 2020: $29,3332020Revenue 2021: $490,132Expenses 2021: $201,374Net Income 2021: $288,7582021Revenue 2022: $291,640Expenses 2022: $275,068Net Income 2022: $16,5722022Revenue 2023: $261,153Expenses 2023: $375,206Net Income 2023: -$114,0532023Revenue 2024: $406,472Expenses 2024: $544,934Net Income 2024: -$138,4622024

Highlighted filing

2018

Revenue$90,317
Expenses$104,005
Net Income-$13,688
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$90,317
Mission and Program Overview

Mission

Scholarchips provides college scholarships, mentoring and a peer support network to children of incarcerated parents, inspiring them to complete their college education.

Scholarchips provides college scholarships and a support network for children of incarcerated parents, inspiring them to complete their college education.

Program Services

DescriptionGrantsExpenses
SCHOLARCHIPS AWARDEES RECEIVE SOME COLLEGE FUNDING (I.E., RENEWABLE SCHOLARSHIPS AND BOOK AWARDS), AND ALL OF THE SCHOLARS HAVE THE OPPORTUNITY TO BENEFIT FROM OUR ADDITIONAL PROGRAMS, INCLUDING MENTORING, CULTURAL ENRICHMENT, COLLEGE LIFE SKILLS WORKSHOPS AND A PEER SUPPORT NETWORK. IN 2017, OUR SECOND GROUP OF SCHOLARS (I.E, FOUR SCHOLARS) COMPLETED AND GRADUATED FROM THEIR RESPECTIVE UNDERGRADUATE STUDIES PROGRAMS.-$54,748
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
YASMINE ARRINGTONFounder & ExFT$25,000-$25,000
VIDA ANDERSONChairpersonPT$0--
SCOTT RECHLERTreasurerPT$0--
CONSTANCE LINDSAYSecretaryPT$0--
CHRIS MAGNUSONMemberPT$0--
BAHIYYAH MUHAMMADMemberPT$0--
HEATHER REAMSMemberPT$0--
MARTIN HEWETTMemberPT$0--
HAROLD TRULEARMemberPT$0--
ROBERT SIMMONSMemberPT$0--
Filing and Contact Details

Filer

Filer Name
Scholarchips Inc
EIN
46-3127898
Address
1331 EMERSON STREET NW, WASHINGTON, DC 20011

Signing Officer

Name
Scott Rechler
Title
Treasurer
Phone
2024222239
Signed
2018-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Hayman & Son Accounting & Income Tax
Address
9500 ARENA DR STE 101, LARGO, MD 20774-3715
Preparer
Eldon L Hayman Jr
Phone
3013160829
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 1,627 travel 862 conf, food, travel 4,256 insurance 914 bank/cc fees 291 fees 80 memberships 100 misc 79 office supplies 4,294 payroll processing 1,114 scholarship/book awards 44,333 software 805 supplies 2,485 website 232 total 61,472

Form 990-ez, Part I, Line 20

PRIOR YEARS NET 0

Form 990-ez, Part II, Line 24

Accounts receivable 148 0 total 148 0

Form 990-ez, Part II, Line 26

PAYROLL TAXES 813 0

Form 990-ez, Part III

Scholarchips provides college scholarships and a support network for children of incarcerated parents, inspiring them to complete their college education.

Form 990-ez, Part III, Line 28

Scholarchips awardees receive some college funding (i.e., renewable scholarships and book awards), and all of the scholars have the opportunity to benefit from our additional programs, including mentoring, cultural enrichment, college life skills workshops and a peer support network. In 2017, our second group of scholars (i.e, four scholars) completed and graduated from their respective undergraduate studies programs.

Raw XML Appendix163 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 1,627 TRAVEL 862 CONF, FOOD, TRAVEL 4,256 INSURANCE 914 BANK/CC FEES 291 FEES 80 MEMBERSHIPS 100 MISC 79 OFFICE SUPPLIES 4,294 PAYROLL PROCESSING 1,114 SCHOLARSHIP/BOOK AWARDS 44,333 SOFTWARE 805 SUPPLIES 2,485 WEBSITE 232 TOTAL 61,472
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR YEARS NET 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 148 0 TOTAL 148 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL TAXES 813 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SCHOLARCHIPS PROVIDES COLLEGE SCHOLARSHIPS AND A SUPPORT NETWORK FOR CHILDREN OF INCARCERATED PARENTS, INSPIRING THEM TO COMPLETE THEIR COLLEGE EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SCHOLARCHIPS AWARDEES RECEIVE SOME COLLEGE FUNDING (I.E., RENEWABLE SCHOLARSHIPS AND BOOK AWARDS), AND ALL OF THE SCHOLARS HAVE THE OPPORTUNITY TO BENEFIT FROM OUR ADDITIONAL PROGRAMS, INCLUDING MENTORING, CULTURAL ENRICHMENT, COLLEGE LIFE SKILLS WORKSHOPS AND A PEER SUPPORT NETWORK. IN 2017, OUR SECOND GROUP OF SCHOLARS (I.E, FOUR SCHOLARS) COMPLETED AND GRADUATED FROM THEIR RESPECTIVE UNDERGRADUATE STUDIES PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
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ReturnHeader/ReturnTs02018-11-15T17:30:57-05:00
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ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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Filings