Civic Intelligence

Scholarchips Inc.

990 • Fiscal year 2020 • EIN 46-3127898

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 01, 2021

Organization ProfileWWW.SCHOLARCHIPSFUND.ORG
1331 Emerson Street NWWashington, DC 20011

(202) 422-2239

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$76,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 30.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

64th percentile

17%

Faster asset growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

46%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$205,190

Up $29,333 (+17%) from 2019

Net Assets

Up

$205,190

Up $29,333 (+17%) from 2019

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin60th percentile

Revenue

Up

$247,494

Up $78,148 (+46%) from 2019

Expenses

Up

$218,161

Up $74,358 (+52%) from 2019

Net Income

Up

$29,333

Up $3,790 (+15%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

2020

Assets$205,190
Liabilities$0
Net Assets$205,190
Open 2020 Filing

Operations Trend

Revenue Growth87th percentile

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

2020

Revenue$247,494
Expenses$218,161
Net Income$29,333
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 1, 2021
Return Version
2019v5.0
Gross Receipts
$247,494
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$175,857$205,190▲ $29,333
Total Assets$175,857$205,190▲ $29,333
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$169,795$201,240▲ $31,445
Net Assets With Donor Restrictions$6,062$3,950▼ $2,112
Total Net Assets Fund Balance$175,857$205,190▲ $29,333
Total Liabilities and Net Assets / Fund Balance$175,857$205,190▲ $29,333
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Yasmine ArringtonFounder & ExFT$76,000$76,000

Board Members and Trustees

NameTitle
Vida AndersonChairperson
Andranae NelsonBoard Member
Bahiyyah MuhammadBoard Member
Chris MagnusonBoard Member
Raynna NkwanyuoBoard Member
Scott RechlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$239,742
Program Service Revenue
$7,752
Investment Income
$0
Other Revenue
$0
All Other Contributions
$239,742
Change in Net Assets
$29,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$83,876
Other Expenses$75,451
Grants and Similar Amounts Paid$58,834
Total Fundraising Expense$26,040
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$15,200$38,000$22,800$76,000
Grants to Domestic Individuals$58,834--$58,834
Fees for Services Other$9,907$22,500$77$32,484
Payroll Taxes$1,576$3,938$2,362$7,876
Office Expenses$2,621$4,209$22$6,852
Fees for Services Accounting-$5,359-$5,359
Conferences and Meetings$2,184$1,316$779$4,279
All Other Expenses$602$1,464-$2,066
Other Expenses$661$665-$1,326
Insurance-$1,075-$1,075
Total Functional Expenses$110,317$81,804$26,040$218,161
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

“The tax return is reviewed by the treasurer and other members of the board before filing.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is reviewed annually. Board members are expected to disclose any conflicts if they arise throughout the year.”

Form 990, Page 6, Part VI, Line 15A

“The board decides executive director compensation bench marked against similar roles in other local organizations, the organizations finances and executive director performance.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

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
Signed
2021-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yasmine Arrington
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Selby & Poulin Pa
Address
6187 EXECUTIVE BLVD, ROCKVILLE, MD 20852-3901
Preparer
Laura H Selby
Phone
3018810885
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Development services 0 22,500 0 consulting 9,457 0 77 honoraria 100 0 0 other professional services 350 0 0 total 9,907 22,500 77”

Raw XML Appendix343 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS REVIEWED BY THE TREASURER AND OTHER MEMBERS OF THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. BOARD MEMBERS ARE EXPECTED TO DISCLOSE ANY CONFLICTS IF THEY ARISE THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DECIDES EXECUTIVE DIRECTOR COMPENSATION BENCH MARKED AGAINST SIMILAR ROLES IN OTHER LOCAL ORGANIZATIONS, THE ORGANIZATIONS FINANCES AND EXECUTIVE DIRECTOR PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEVELOPMENT SERVICES 0 22,500 0 CONSULTING 9,457 0 77 HONORARIA 100 0 0 OTHER PROFESSIONAL SERVICES 350 0 0 TOTAL 9,907 22,500 77
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0175857
IRS990/TotalAssetsEOYAmt0205190
IRS990/TotalAssetsGrp/BOYAmt0175857
IRS990/TotalAssetsGrp/EOYAmt0205190
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0239742
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026040
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081804
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110317
IRS990/TotalFunctionalExpensesGrp/TotalAmt0218161
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0175857
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0205190
IRS990/TotalProgramServiceExpensesAmt0110317
IRS990/TotalProgramServiceRevenueAmt07752
IRS990/TotalReportableCompFromOrgAmt076000
IRS990/TotalRevenueGrp/ExclusionAmt07752
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0247494
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0175857
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0205190
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.SCHOLARCHIPSFUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0YASMINE ARRINGTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER & EXEC DIR
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHOLARCHIPS INC
ReturnHeader/Filer/BusinessNameControlTxt0SCHO
ReturnHeader/Filer/EIN0463127898
ReturnHeader/Filer/USAddress/AddressLine1Txt01331 EMERSON STREET NW
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020011
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208027276
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SELBY & POULIN PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06187 EXECUTIVE BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208523901
ReturnHeader/PreparerPersonGrp/PhoneNum03018810885
ReturnHeader/PreparerPersonGrp/PreparationDt02021-01-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA H SELBY
ReturnHeader/ReturnTs02021-02-25T11:42:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$205,190
Liabilities
$0
Net assets
$205,190
Revenue
$247,494
Expenses
$218,161
Net income
$29,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.60$0.02$2.58$4.06$5.45$1.38
2023Detailed filing. Detailed filing data is available for this year.$4.06$0.09$3.96$2.61$3.75$1.14
2022Detailed filing. Detailed filing data is available for this year.$5.14$0.03$5.11$2.92$2.75$0.17
2021Detailed filing. Detailed filing data is available for this year.$4.94$0.00$4.94$4.90$2.01$2.89
2020Detailed filing. Detailed filing data is available for this year.$2.05$0.00$2.05$2.47$2.18$0.29
2019Detailed filing. Detailed filing data is available for this year.$1.76$1.76$1.69$1.44$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.50$1.50$0.90$1.04$0.14
2017Summary only. Only limited summary data is available for this year.$1.65$0.01$1.33$0.85$0.49
2016Summary only. Only limited summary data is available for this year.$1.18$0.03$1.20$0.38$0.82
2013Summary only. Only limited summary data is available for this year.$0.25$0.00$0.22$0.10$0.12