Civic Intelligence

Scholarchips Inc.

990EZ • Fiscal year 2019 • EIN 46-3127898

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 19, 2019

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 2019

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2019

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$52,500

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 31.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

69th percentile

17%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

88%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$175,857

Up $25,543 (+17%) from 2018

Net Assets

Up

$175,857

Up $25,543 (+17%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$169,346

Up $79,029 (+88%) from 2018

Expenses

Up

$143,803

Up $39,798 (+38%) from 2018

Net Income

Up

$25,543

Up $39,231 (+287%) from 2018

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

2019

Assets$175,857
Liabilities-
Net Assets$175,857

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

2019

Revenue$169,346
Expenses$143,803
Net Income$25,543
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 19, 2019
Return Version
2018v3.1
Gross Receipts
$169,346
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.

Program Services

DescriptionGrantsExpenses
SCHOLARCHIPS AWARDEES RECEIVE 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. SINCE THE PROGRAM'S INCEPTION IN 2012, SEVENTEEN SCHOLARS HAVE GRADUATED FROM THEIR RESPECTIVE UNDERGRADUATE STUDIES PROGRAMS.-$53,885
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
YASMINE ARRINGTONFounder & ExFT$52,500-$52,500
VIDA ANDERSONChairpersonPT$0--
SCOTT RECHLERTreasurerPT$0--
CONSTANCE LINDSAYSecretaryPT$0--
CHRIS MAGNUSONMemberPT$0--
BAHIYYAH MUHAMMADMember-$0--
HEATHER REAMSMember-$0--
MARTIN HEWETTMember-$0--
HAROLD TRULEARMember-$0--
ROBERT SIMMONSMember-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Yasmine Arrington
Title
Founder & Exec. Director
Phone
2024222239
Signed
2019-10-19
Discuss with paid preparer
Yes

Preparer

Firm
Hayman & Son Accounting & Income Tax
Address
9500 MEDICAL CENTER 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 300 travel 2,093 conf, food, travel 8,163 insurance 914 bank/cc fees 573 books, subsriptions, refe 274 licenses & permits 154 misc 239 office supplies 840 payroll processing 1,158 rent 1,025 scholarship/book awards 45,235 software 822 supplies 2,941 website 251 total 64,982

Form 990-ez, Part I, Line 20

PRIOR YEARS NET 0

Form 990-ez, Part II, Line 26

PAYROLL TAXES 0 0

Form 990-ez, Part III

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

Form 990-ez, Part III, Line 28

Scholarchips awardees receive 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. Since the program's inception in 2012, seventeen scholars have graduated from their respective undergraduate studies programs.

Raw XML Appendix162 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 300 TRAVEL 2,093 CONF, FOOD, TRAVEL 8,163 INSURANCE 914 BANK/CC FEES 573 BOOKS, SUBSRIPTIONS, REFE 274 LICENSES & PERMITS 154 MISC 239 OFFICE SUPPLIES 840 PAYROLL PROCESSING 1,158 RENT 1,025 SCHOLARSHIP/BOOK AWARDS 45,235 SOFTWARE 822 SUPPLIES 2,941 WEBSITE 251 TOTAL 64,982
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR YEARS NET 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL TAXES 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SCHOLARCHIPS PROVIDES COLLEGE SCHOLARSHIPS, MENTORING AND A PEER SUPPORT NETWORK TO CHILDREN OF INCARCERATED PARENTS, INSPIRING THEM TO COMPLETE THEIR COLLEGE EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SCHOLARCHIPS AWARDEES RECEIVE 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. SINCE THE PROGRAM'S INCEPTION IN 2012, SEVENTEEN SCHOLARS HAVE 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 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER & EXEC. DIR.
ReturnHeader/BusinessOfficerGrp/PhoneNum02024222239
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ReturnHeader/Filer/EIN0463127898
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ReturnHeader/FilingSecurityInformation/IPTm016:39:10
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-10-23T16:39:10-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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