Civic Intelligence

Answer Scholarship Inc.

990EZ • Fiscal year 2020 • EIN 81-0834789

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileWWW.ANSWERSCHOLARSHIP.ORG
6420 Rea RoadCharlotte, NC 28277

(704) 544-1988

Siviq Scores

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

Liabilities / Assets

54th percentile

0.02x

Higher debt load relative to assets than 54% of similar nonprofits.

2020 filings • NTEE P80 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.01x

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

2020 filings • NTEE P80 • <$500k nonprofits • Source year 2020

Net Margin

63rd percentile

16%

Higher net margin than 63% of similar nonprofits.

2020 filings • NTEE P80 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$16,873

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2020 filings • NTEE P80 • <$500k nonprofits • Source year 2020

Asset Growth

65th percentile

24%

Faster asset growth than 65% of similar nonprofits.

2020 filings • NTEE P80 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

112%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • NTEE P80 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$165,023

Up $32,033 (+24%) from 2019

Net Assets

$162,434

No earlier filing loaded for comparison.

Liabilities

Up

$2,589

Up $525 (+25%) from 2019

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin63rd percentile

Revenue

Up

$193,867

Up $102,329 (+112%) from 2019

Expenses

Up

$162,739

Up $47,804 (+42%) from 2019

Net Income

Up

$31,128

Up $54,525 (+233%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$300K$200K$100K$0Assets 2015: $1Liabilities 2015: $02015Assets 2016: $69,258Liabilities 2016: $0Net Assets 2016: $69,2582016Assets 2017: $124,685Liabilities 2017: $174Net Assets 2017: $124,5112017Assets 2018: $149,045Liabilities 2018: $270Net Assets 2018: $148,7752018Assets 2019: $132,990Liabilities 2019: $2,0642019Assets 2020: $165,023Liabilities 2020: $2,589Net Assets 2020: $162,4342020Assets 2022: $190,253Liabilities 2022: $1,072Net Assets 2022: $189,1812022Assets 2023: $227,507Liabilities 2023: $1,482Net Assets 2023: $226,0252023Assets 2024: $182,105Liabilities 2024: $2,432Net Assets 2024: $179,6732024

Highlighted filing

2020

Assets$165,023
Liabilities$2,589
Net Assets$162,434
Open 2020 Filing

Operations Trend

Revenue Growth94th percentile

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

$300K$200K$100K$0-$100KRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $103,409Expenses 2016: $34,151Net Income 2016: $69,2582016Revenue 2017: $171,773Expenses 2017: $117,073Net Income 2017: $54,7002017Revenue 2018: $157,125Expenses 2018: $129,755Net Income 2018: $27,3702018Revenue 2019: $91,538Expenses 2019: $114,935Net Income 2019: -$23,3972019Revenue 2020: $193,867Expenses 2020: $162,739Net Income 2020: $31,1282020Revenue 2022: $195,150Expenses 2022: $184,045Net Income 2022: $11,1052022Revenue 2023: $230,287Expenses 2023: $280,957Net Income 2023: -$50,6702023Revenue 2024: $245,334Expenses 2024: $299,472Net Income 2024: -$54,1382024

Highlighted filing

2020

Revenue$193,867
Expenses$162,739
Net Income$31,128
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2020v4.0
Gross Receipts
$199,781
Mission and Program Overview

Mission

To help women raising school-age children in fulfilling their dream of earning a college degree, while creating the desire, expectation, and priority of a college education for their children to follow in their footsteps.

Program Services

DescriptionGrantsExpenses
IN FISCAL YEAR 2020, ANSWER SCHOLARSHIP, INC. PAID $50,266 TO AN ENDOWMENT FUND HELD AT FOUNDATION FOR THE CAROLINAS. THE ENDOWMENT FUND IS CALLED THE ANSWER SCHOLARSHIP ENDOWMENT ENDOWMENT. ANSWER INC. UTILIZES THIS FUND AS A MEANS TO PROVIDE SCHOLARSHIPS FOR STUDENTS. IN 2020, FOUNDATION FOR THE CAROLINAS AWARDED $70,000 IN SCHOLARSHIPS TO ANSWER INC. SCHOLARS, $50,266 OF WHICH WAS PROVIDED BY ANSWER INC. THE REMAINING $19,734 WAS PROVIDED BY THE ENDOWMENT.$50,266-
MENTORS FOR MOM PROGRAM - ONE OF THE MOST IMPACTFUL THINGS WE DO FOR OUR SCHOLARS IS CONNECT THEM WITH A VOLUNTEER MENTOR THROUGH OUR MENTORS FOR MOM MFM PROGRAM. MENTORS OFFER OUR SCHOLARS SUPPORT AND GUIDANCE ON BALANCING FAMILY, WORK AND SCHOOL. SCHOLARS MEET REGULARLY WITH THEIR MENTORS FOR ADVICE, MOTIVATION, OR SIMPLY AS A SOUNDING BOARD. SCHOLARS AND MENTORS ALSO CONVENE MONTHLY AS A GROUP, WHERE THEY SHARE EXPERIENCES AND LEARN FROM EXPERTS ON ESSENTIAL TOPICS, SUCH AS FINANCIAL PLANNING, PROFESSIONAL DEVELOPMENT AND WOMENS HEALTH. SCHOLARS MUST PARTICIPATE IN THE MFM PROGRAM AS PART OF THE SCHOLARSHIP TERMS. THIS PROGRAM IS UTILIZED TO GAUGE HOW WELL THE SCHOLARS ARE DOING IN SCHOOL, ALLOWING US TO IDENTIFY AND RESOLVE ISSUES BEFORE THEY BECOME SETBACKS.$41,960-
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan AndersenCEOFT$16,873-$16,873
Marth HoneycuttDirectorPT$15,000-$15,000
Russell BlaiseDirector-$0--
Jim BrinsonDirector-$0--
Nicole EllisTreasurer-$0--
Susan HarperDirectorPT$0--
Kevin MacMurphyDirectorPT$0--
Patricia MarunaSecretary-$0--
Danielle PeoplesDirector-$0--
Shantell Strickland-DavisDirector-$0--
Brian WallaceDirector-$0--
Decora CooperDirector-$0--
Paula GoolkasianDirector-$0--
Johnanna JonesDirectorPT$0--
Sharon KuciaDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tailgate$24,411$3,040$392$2,648
Total Events$24,411$3,040$5,914$-2,874
Filing and Contact Details

Filer

Filer Name
ANSWER Scholarship Inc
EIN
81-0834789
Phone
7045441988
Address
6420 Rea Road, Charlotte, NC 28277

Signing Officer

Name
Nicole R Ellis
Title
Treasurer
Signed
2021-05-17
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: Foundation for the Carolinas | Donee's Address: 220 North Tryon Street Charlotte NC 28202 | Relationship of Donee: Donor Advised Fund | Cash Amount Given: $50266”

Other Expenses.1

“Public Relations $15660”

Other Expenses.2

“Program Expenses $3785”

Other Expenses.3

“Dues and Subscriptions $2081”

Other Expenses.4

“Insurance $1743”

Other Expenses.6

“Travel Expense $988”

Other Expenses.7

“Miscellaneous $913”

Other Expenses.8

“Information Technology $792”

Other Expenses.9

“Marketing $660”

Other Expenses.10

“Annual Luncheon $289”

Other Expenses.11

“Office Expense $174”

Other Expenses.12

“Taxes and Licenses $127”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $2999”

Total Liabilities.1

“Credit Card - Beginning $2064 Credit Card - Ending $2202”

Total Liabilities.2

“Payroll Taxes - Beginning $0 Payroll Taxes - Ending $387”

Raw XML Appendix245 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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IRS990EZ/PrimaryExemptPurposeTxt0TO HELP WOMEN RAISING SCHOOL-AGE CHILDREN IN FULFILLING THEIR DREAM OF EARNING A COLLEGE DEGREE, WHILE CREATING THE DESIRE, EXPECTATION, AND PRIORITY OF A COLLEGE EDUCATION FOR THEIR CHILDREN TO FOLLOW IN THEIR FOOTSTEPS.
IRS990EZ/PrintingPublicationsPostageAmt01358
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MENTORS FOR MOM PROGRAM - ONE OF THE MOST IMPACTFUL THINGS WE DO FOR OUR SCHOLARS IS CONNECT THEM WITH A VOLUNTEER MENTOR THROUGH OUR MENTORS FOR MOM MFM PROGRAM. MENTORS OFFER OUR SCHOLARS SUPPORT AND GUIDANCE ON BALANCING FAMILY, WORK AND SCHOOL. SCHOLARS MEET REGULARLY WITH THEIR MENTORS FOR ADVICE, MOTIVATION, OR SIMPLY AS A SOUNDING BOARD. SCHOLARS AND MENTORS ALSO CONVENE MONTHLY AS A GROUP, WHERE THEY SHARE EXPERIENCES AND LEARN FROM EXPERTS ON ESSENTIAL TOPICS, SUCH AS FINANCIAL PLANNING, PROFESSIONAL DEVELOPMENT AND WOMENS HEALTH. SCHOLARS MUST PARTICIPATE IN THE MFM PROGRAM AS PART OF THE SCHOLARSHIP TERMS. THIS PROGRAM IS UTILIZED TO GAUGE HOW WELL THE SCHOLARS ARE DOING IN SCHOOL, ALLOWING US TO IDENTIFY AND RESOLVE ISSUES BEFORE THEY BECOME SETBACKS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1IN FISCAL YEAR 2020, ANSWER SCHOLARSHIP, INC. PAID $50,266 TO AN ENDOWMENT FUND HELD AT FOUNDATION FOR THE CAROLINAS. THE ENDOWMENT FUND IS CALLED THE ANSWER SCHOLARSHIP ENDOWMENT ENDOWMENT. ANSWER INC. UTILIZES THIS FUND AS A MEANS TO PROVIDE SCHOLARSHIPS FOR STUDENTS. IN 2020, FOUNDATION FOR THE CAROLINAS AWARDED $70,000 IN SCHOLARSHIPS TO ANSWER INC. SCHOLARS, $50,266 OF WHICH WAS PROVIDED BY ANSWER INC. THE REMAINING $19,734 WAS PROVIDED BY THE ENDOWMENT.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Answer Scholarship was on a short year from 1/1/19-6/30/2019 for the amounts reported in Part II, 2019 column.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Foundation for the Carolinas | Donee's Address: 220 North Tryon Street Charlotte NC 28202 | Relationship of Donee: Donor Advised Fund | Cash Amount Given: $50266
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Public Relations $15660
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Program Expenses $3785
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Dues and Subscriptions $2081
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $1743
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Travel Expense $988
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Miscellaneous $913
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Information Technology $792
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Marketing $660
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Annual Luncheon $289
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Office Expense $174
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Taxes and Licenses $127
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Prepaid Expenses and Deferred Charges - Beginning $0 Prepaid Expenses and Deferred Charges - Ending $2999
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Credit Card - Beginning $2064 Credit Card - Ending $2202
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Payroll Taxes - Beginning $0 Payroll Taxes - Ending $387
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Assets.1011
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Total Liabilities.2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Nicole R Ellis
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ANSWER Scholarship Inc
ReturnHeader/Filer/BusinessNameControlTxt0ANSW
ReturnHeader/Filer/EIN0810834789
ReturnHeader/Filer/PhoneNum07045441988
ReturnHeader/Filer/USAddress/AddressLine1Txt06420 Rea Road
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028277
ReturnHeader/ReturnTs02021-05-17T15:25:36-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Nicole R
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Ellis
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02020

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Filings

Displayed year

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

Open filing
Assets
$165,023
Liabilities
$2,589
Net assets
$162,434
Revenue
$193,867
Expenses
$162,739
Net income
$31,128
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.02$1.80$2.45$2.99$0.54
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.01$2.26$2.30$2.81$0.51
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.01$1.89$1.95$1.84$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.03$1.62$1.94$1.63$0.31
2019Summary only. Only limited summary data is available for this year.$1.33$0.02$0.92$1.15$0.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.00$1.49$1.57$1.30$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.00$1.25$1.72$1.17$0.55
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$1.03$0.34$0.69
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00