Civic Intelligence

Scholarchips Inc.

990 • Fiscal year 2021 • EIN 46-3127898

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileWWW.SCHOLARCHIPSFUND.ORG
22 Gallatin Street NEWashington, DC 20011

(202) 813-5756

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

90th percentile

59%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$74,750

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

92nd percentile

141%

Faster asset growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

98%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$493,948

Up $288,758 (+141%) from 2020

Net Assets

Up

$493,948

Up $288,758 (+141%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin90th percentile

Revenue

Up

$490,132

Up $242,638 (+98%) from 2020

Expenses

Down

$201,374

Down $16,787 (-7.7%) from 2020

Net Income

Up

$288,758

Up $259,425 (+884%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2021

Assets$493,948
Liabilities$0
Net Assets$493,948
Open 2021 Filing

Operations Trend

Revenue Growth85th 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

2021

Revenue$490,132
Expenses$201,374
Net Income$288,758
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$491,679
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$205,190$488,948▲ $283,758
Pledges and Grants Receivable-$5,000-
Total Assets$205,190$493,948▲ $288,758
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,950$297,700▲ $293,750
Net Assets Without Donor Restrictions$201,240$196,248▼ $4,992
Total Net Assets Fund Balance$205,190$493,948▲ $288,758
Total Liabilities and Net Assets / Fund Balance$205,190$493,948▲ $288,758
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Yasmine ArringtonFounder & Executive DirectorFT$74,750$74,750

Board Members and Trustees

NameTitle
Vida AndersonBoard Chair
Andranae NelsonBoard Member
Chris MagnusonBoard Member
Raynna NkwanyuoBoard Member
Scott RechlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$487,719
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,413
All Other Contributions
$487,719
Change in Net Assets
$288,758

Audited Revenue Reconciliation

Revenue per Audited Statements
$490,132
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$490,132
Total Revenue per Form 990
$490,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$84,059
Grants and Similar Amounts Paid$69,120
Other Expenses$44,757
Total Fundraising Expense$12,755
Professional Fundraising Fees$3,438

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,325$14,950$7,475$74,750
Grants to Domestic Individuals$69,120--$69,120
Fees for Services Other$24,065$588-$24,653
Other Salaries and Wages$6,516$1,862$931$9,309
Fees for Services Accounting-$6,288-$6,288
Office Expenses$3,174$907$453$4,534
Fees for Services Professional Fundraising--$3,438$3,438
Advertising-$2,528-$2,528
Insurance-$2,181-$2,181
Other Expenses$280$80$40$400
Travel$74$20$11$105
Total Functional Expenses$158,402$30,217$12,755$201,374

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$201,374
Total Expenses per Audited Statements$201,374
Total Expenses per Form 990$201,374
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,931
Professional Fundraising Fees$3,438
Fundraising Direct Expenses$1,547
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
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, Section B, Line 11B

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

Form 990, Part VI, Section B, 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, Part VI, Section B, Line 15A

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

Form 990, Part VI, Section C, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Scholarchips Inc
EIN
46-3127898
Phone
2028135756
Address
22 GALLATIN STREET NE, WASHINGTON, DC 20011

Signing Officer

Name
Yasmine Arrington
Title
Founder & Executive Director
Phone
3018810885
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yasmine Arrington
Formed
2014
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
35

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DRIVE SUITE 1000, HOUSTON, TX 77081
Preparer
Tene Thomas
Phone
7139681600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services: development services: program service expenses 4,224. Management and general expenses 588. Fundraising expenses 0. Total expenses 4,812. Professional services: honoraria: program service expenses 625. Management and general expenses 0. Fundraising expenses 0. Total expenses 625. Consulting: program service expenses 19,216. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,216.”

FORM 990, PART XII, LINE 2C:

“The organization has not changed either its oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. The organization applies the provisions of fasb asc topic 740, income taxes, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Fasb asc topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0490132
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0247494
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0169346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt090317
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0133464
IRS990ScheduleA/Total509Grp/TotalAmt01130753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0490132
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0247494
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0169346
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt090317
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0133464
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01130753
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0201374
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0490132
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION APPLIES THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC TOPIC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0201374
IRS990ScheduleD/TotalRevenuePerForm990Amt0490132
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0490132
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0201374
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt061250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt24120
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt3750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1BOOK AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2SUPPORT AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3GRADUATION GIFTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt050
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt112
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt25
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt36
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARCHIPS MONITORS THE USE OF GRANT FUNDS BY TRACKING WHICH GRANTS ARE RESTRICTED VS. UNRESTRICTED IN THE ORGANIZATION'S INTUIT QUICKBOOKS ACCOUNT. WE ALSO TRACK WHICH GRANTS ARE ONE-TIME AWARDS AND THOSE WHICH ARE MULTI-YEAR COMMITMENTS. ALL GRANT FUNDS SPENT ARE CODED, INDICATING THE PURPOSE OF THE FUNDS SPENT. WITH THIS SYSTEM, THE ORGANIZATION IS ABLE TO TRACK WHEN AND HOW THE RESTRICTED GRANT FUNDS WERE SPENT, AS WELL AS UNRESTRICTED GRANTS FUNDS, WHICH ARE USUALLY DISCRETIONARY FUNDS OR GENERAL OPERATIONS GRANTS. ADDITIONALLY, SCHOLARCHIPS PROVIDES INTERIM AND FINAL REPORTS TO ALL OF THE FOUNDATIONS THAT AWARD THE ORGANIZATION GRANTS ON HOW THE FUNDS WERE UTILIZED (AND PROGRAMMATIC RESULTS AND SUCCESS METRICS) THROUGHOUT THE GRANT PERIOD AND FISCAL YEAR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 ORGANIZATION'S FINANCES AND EXECUTIVE DIRECTOR PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL SERVICES: DEVELOPMENT SERVICES: PROGRAM SERVICE EXPENSES 4,224. MANAGEMENT AND GENERAL EXPENSES 588. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,812. PROFESSIONAL SERVICES: HONORARIA: PROGRAM SERVICE EXPENSES 625. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 625. CONSULTING: PROGRAM SERVICE EXPENSES 19,216. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,216.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0205190
IRS990/TotalAssetsEOYAmt0493948
IRS990/TotalAssetsGrp/BOYAmt0205190
IRS990/TotalAssetsGrp/EOYAmt0493948
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0487719
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012755
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030217
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0158402
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201374
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0205190
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0493948
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0158402
IRS990/TotalReportableCompFromOrgAmt074750
IRS990/TotalRevenueGrp/ExclusionAmt02384
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt029
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0490132
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0205190
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0493948
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt011
IRS990/TravelGrp/ManagementAndGeneralAmt020
IRS990/TravelGrp/ProgramServicesAmt074
IRS990/TravelGrp/TotalAmt0105
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt022 GALLATIN STREET NE
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020011
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SCHOLARCHIPSFUND.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0YASMINE ARRINGTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER & EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03018810885
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHOLARCHIPS INC
ReturnHeader/Filer/BusinessNameControlTxt0SCHO
ReturnHeader/Filer/EIN0463127898
ReturnHeader/Filer/PhoneNum02028135756
ReturnHeader/Filer/USAddress/AddressLine1Txt022 GALLATIN STREET NE
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020011
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760488832
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCONNELL & JONES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04828 LOOP CENTRAL DRIVE SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077081
ReturnHeader/PreparerPersonGrp/PhoneNum07139681600

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$493,948
Liabilities
$0
Net assets
$493,948
Revenue
$490,132
Expenses
$201,374
Net income
$288,758
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