NonprofitsAnswer Scholarship Inc

Human Services

Answer Scholarship Inc

CHARLOTTE, NC

Total revenue

$245K

Total expenses

$299K

Net assets

$180K

Grants received

$367K

34 grants

EIN

810834789

Tax year

2023

Mission

To mentor and prepare mothers of school-age children to achieve a college education and inspire them to be role models of academic, personal, and professional success for their children.

Programs

1 program

At foundation for the carolinas, the endowment fund is called the answer scholarship endowment. Answer inc. Utilizes this fund as a means to provide scholarships for students. In 2024, foundation for the carolinas awarded $94,675 in scholarships to answer inc. Scholars, $67,738 of which was provided by answer inc. The remaining $26,937 was provided by the endowment.

Expenses: $68KGrants: $68K

Financials

FY 2023

Revenue

Contributions & grants$234K
Program service revenue
Investment income$268
Other revenue$11K
Total revenue$245K

Expenses

Grants paid$68K
Salaries & benefits$183K
Fundraising$91K
Other expenses$49K
Total expenses$299K
Total assets$182K
Net assets$180K

People

11 listed

NameRoleCompensation

Susan Andersen

Executive Dir.

Board

$30K

35 hrs/wk

Brian Wallace

Chairman

Board

1 hrs/wk

LaWanda Goodman

Director

Board

1 hrs/wk

Tani Seymore

Treasurer

Board

2 hrs/wk

Felix Nater

Director

Board

1 hrs/wk

Lori Meyers

Director

Board

1 hrs/wk

Paula Goolkasian

Director

Board

1 hrs/wk

Sharon Townsend

Director

Board

1 hrs/wk

Gwyndolan Swain

Director

Board

1 hrs/wk

Bill Girone

Director

Board

1 hrs/wk

Pam Sanders-Marsh

Director

Board

1 hrs/wk

Grants received

Showing 34 of 34

FromAmountPurposeYear
$8K
FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING.
2024
$25K
GENERAL FUND
2023
$8K
FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING.
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$350
PROGRAM SERVICES
2023
$16K
GENERAL FUND
2022
$15K
General Operating
2022
$15K
GENERAL SUPPORT
2022
$10K
PROGRAM ASSISTANCE
2022
$8K
FUNDING SUPPORTS GENERAL OPERATIONS AND PROGRAMMING.
2022
$5K
EMPLOYEE MATCHING
2022
$500
PROGRAM/OPERATING SUPPORT
2022
$100
EMPLOYEE MATCHING GIFT DONATION
2022
$25
MATCHING GIFTS
2022
$25
MATCHING GIFTS
2022
$10K
GENERAL FUND
2021
$500
OPERATIONAL SUPPORT
2021
$6K
For grant recipient's exempt purposes
2020
$3K
EMPLOYER MATCHING GIFT PROGRAM
2020
$1K
EMPLOYEE MATCHING GIFTS
2020
$150
PROGRAM/OPERATING SUPPORT
2018
$50
PROGRAM/OPERATING SUPPORT
2018

Funded by

$367K from 15 funders · 34 grants · 2018–2024

The Keith And Luann Driscoll

$143K · 4 grants · 2020–2023

Mer Foundation

$51K · 3 grants · 2021–2023

Donor Advised Charitable Giving Inc

$43K · 5 grants · 2018–2023

Synchrony Foundation

$30K · 5 grants · 2020–2024

Ally Charitable Foundation

$15K · 1 grant · 2022

The Blackbaud Giving Fund

$15K · 1 grant · 2022

Albemarle Foundation

$10K · 1 grant · 2022

Details

EIN810834789
NTEE codeP80
Subsection03
Ruling date2016-05
Formed2015
Employees3
Volunteers60
ANSWER SCHOLARSHIP INC — Mission, Financials & Grants Received | Grantivo