NonprofitsThe Scholarship Academy

Education

The Scholarship Academy

ATLANTA, GA

Total revenue

$1.6M

Total expenses

$1.0M

Net assets

$889K

Grants received

$1.3M

33 grants

EIN

203721836

Tax year

2023

Mission

The Scholarship Academy, Inc. (the Academy), founded in 2006, is a private District of Columbia nonprofit corporation dedicated to helping lowincome students secure resources to pursue higher education opportunities with minimum debt to create healthier financial aid cultures. The Academy offers a 16-module course to high schools and youth-serving organizations to support students with navigating the financial aid process.

Financials

FY 2023

Revenue

Contributions & grants$1.5M
Program service revenue$111K
Investment income
Other revenue
Total revenue$1.6M

Expenses

Grants paid$1K
Salaries & benefits$670K
Fundraising$74K
Other expenses$348K
Total expenses$1.0M
Total assets$1.2M
Net assets$889K

People

9 listed

NameRoleCompensation

JESSICA JOHNSON

Executive Dir.

Board

$121K

40 hrs/wk

MARC HARDY

Chairman

Board

5 hrs/wk

STACEY MITCHENER

Director

Board

2 hrs/wk

NECOLLE ROBINSON

Director

Board

2 hrs/wk

CALVIN WARD

Director

Board

2 hrs/wk

VINCENT BASKERVILLE

Director

Board

2 hrs/wk

KEVIN ARTIS JR

Secretary

Board

3 hrs/wk

LYDIA SERMONS WARD

Director

Board

2 hrs/wk

LISA LOCKMAN

Director

Board

2 hrs/wk

Grants received

Showing 33 of 33

FromAmountPurposeYear
$125K
FAFSA STUDENT SUPPORT
2024
$50K
GRANT SUPPORT OF RECIPIENT ORGANIZATION'S EXEMPT PURPOSE
2024
$30K
TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION
2024
$20K
Support Atlanta Public Schools students in accessing funding for post-secondary education
2024
$10K
PROGRAM EXPANSION
2024
$100K
PROGRAM EXPANSION
2023
$50K
RODDENBERRY FELLOWSHIP STIPEND
2023
$48K
GENERAL SUPPORT
2023
$30K
YOUTH DEVELOPMENT
2023
$30K
TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION
2023
$25K
FOLLOW-ON FUNDING
2023
$25K
ATLANTA COLLEGE ACCESS HUB
2023
$20K
SUPPORT ATLANTA PUBLIC SCHOOLS STUDENTS IN ACCESSING FUNDING FOR POST-SECONDARY EDUCATION
2023
$15K
TO FULFILL MISSION
2023
$98K
GENERAL SUPPORT
2022
$30K
TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION
2022
$20K
TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION
2022
$20K
SUPPORT ATLANTA PUBLIC SCHOOLS STUDENTS IN ACCESSING FUNDING FOR POST-SECONDARY EDUCATION
2022
$8K
COLLEGE BOUND FAFSA SUBMISSION EVENT
2022
$5K
GENERAL SUPPORT
2022
$88K
GENERAL SUPPORT
2021
$10K
GENERAL OPERATING
2021
$43K
COMMUNITY BENEFIT
2020
$25K
FOLLOW ON FUNDING
2020
$20K
COMMUNITY BENEFIT
2020
$15K
TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION
2020
$63K
COMMUNITY BENEFIT
2019
$10K
For grant recipient's exempt purposes
2018

Funded by

$1.3M from 19 funders · 33 grants · 2018–2024

United Way Of Greater Atlanta Inc

$358K · 6 grants · 2019–2023

The Goizueta Foundation Inc

$200K · 2 grants · 2023–2024

Educational Credit

$125K · 1 grant · 2024

New Profit Inc

$110K · 2 grants · 2023–2024

The Sartain Lanier Family Foundation Inc

$105K · 4 grants · 2020–2024

Annie E Casey Foundation Inc

$60K · 3 grants · 2022–2024

Echoing Green Inc

$50K · 2 grants · 2020–2023

The Roddenberry Foundation

$50K · 1 grant · 2023

Details

EIN203721836
NTEE codeB82
Subsection03
Ruling date2006-10
Formed2006
Employees33
Volunteers50
THE SCHOLARSHIP ACADEMY — Mission, Financials & Grants Received | Grantivo