Scholarchips INC FY2020 filing

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Scholarchips provides college scholarships, mentoring and a peer support network to children of incarcerated parents, inspiring them to complete their college education.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3127898) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$76K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $27K a year · 8% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
51%
of spending
51% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 35% of spending
Pay to officers and key staff is 35% of spending.
Part VII, Section A
11.3 mo
of spending, in cash
11.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $31K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$247K
Spent
$218K
To programs
51%
Net assets
$205K
By yearFY2020–FY2025
Revenue
$247K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$247K
FY2021$490K
FY2022$292K
FY2023$261K
FY2024$406K
FY2025$439K
Expenses
$218K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$218K
FY2021$201K
FY2022$275K
FY2023$375K
FY2024$545K
FY2025$685K
Net assets
$205K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$205K
FY2021$494K
FY2022$511K
FY2023$396K
FY2024$258K
FY2025$12K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $110K Management & general 37% · $82K Fundraising 12% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $76K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Founder & Ex
$76,000Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Yasmine Arrington’s $128K as Founder and Executive Director is at the 92nd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Yasmine Arrington$127,789$116,769$92,503$69,350$74,750$76,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Scholarchips INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps children of incarcerated parents get college scholarships and support to finish school.

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3 programs · $110K · in their own filed words · FY2019
01

Scholarchips awardees receive college funding (I.E., renewable scholarships and book awards), and all of the scholars have the opportunity to benefit from our additional programs, including mentoring, cultural enrichment, college life skills workshops and a peer support network.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3127898) · Dispute this line
$94Kprogram expense
02

In may 2020, scholarchips launched its in-house one-on-one mentorship program, where scholars are matched with vetted volunteer mentors from within the community. Scholars and mentors have reported that they are enjoying their relationship and that it is mutually beneficial.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3127898) · Dispute this line
$17Kprogram expense
03

In february 2020, scholarchips was named a harris' hero and featured on NBC4 by renowned news reporter leon harris. Scholarchips scholars shared on the segment how the organization has enriched their lives and college experience and has taught them to embrace their personal stories.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3127898) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$31K
Grants paid · 25 grants · $615K · 2019–2024
Unitemized GrantFY2024$81,537
Unitemized GrantFY2024$32,600
Unitemized GrantFY2024$24,500
Unitemized GrantFY2024$20,430
Unitemized GrantFY2024$1,141
Unitemized GrantFY2023$94,686
Unitemized GrantFY2023$27,970
Unitemized GrantFY2023$13,944
Unitemized GrantFY2023$5,501
Unitemized GrantFY2023$1,117
Unitemized GrantFY2022$63,676
Unitemized GrantFY2022$24,675
Unitemized GrantFY2022$15,642
Unitemized GrantFY2022$1,275
Unitemized GrantFY2022$700
Unitemized GrantFY2021$64,285
Unitemized GrantFY2021$8,135
Unitemized GrantFY2021$4,041
See all 25 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$247K
Ln 12
Gifts and grantsLn 1h$240K
Fees for servicesLn 2g$8K
Money outPt IX
$218K
Ln 25
Programscol B$110K
Managementcol C$82K
Fundraisingcol D$26K
Owns and owesPt X
$205K
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$205K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$240K
Fees for servicesLn 2g$8K
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$205K
Cash and savings togetherLn 1–2$205K
Total assetsLn 16$205K
LiabilitiesLn 26$0
Net assetsLn 32$205K
OperationsPt I, VI
EmployeesI 51
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$176K$205K
Total assetsLn 16$176K$205K
LiabilitiesLn 26$0$0
Net assetsLn 32$176K$205K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$59K$59K
Pay of officers and key staff (Part IX, line 5)Ln 5$76K$15K$38K$23K
Payroll taxesLn 10$8K$2K$4K$2K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$32K$10K$22K$77
Office expensesLn 13$7K$3K$4K$22
Conferences, conventions and meetingsLn 19$4K$2K$1K$779
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$23K$19K$4K
All other expensesLn 24e$2K$602$1K
Total functional expensesLn 25$218K$110K$82K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $439K$685K−$246K$12K 990 PDF
FY2024Filed with the IRS May 6, 2025 $406K$545K−$138K$258K 990 PDF
FY2023Filed with the IRS May 10, 2024 $261K$375K−$114K$396K 990 PDF
FY2022Filed with the IRS May 12, 2023 $292K$275K$17K$511K 990 PDF
FY2021Filed with the IRS May 16, 2022 $490K$201K$289K$494K 990 PDF
FY2020 ViewingFiled with the IRS Feb 25, 2021 $247K$218K$29K$205K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $247,494 revenue, 12 lines filed
I-8 Contributions and grants$239,742
I-9 Program service revenue$7,752
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$247,494
I-13 Grants and similar amounts paid$58,834
I-14 Benefits paid to members$0
I-15 Salaries and benefits$83,876
I-16a Professional fundraising fees$0
I-17 Other expenses$75,451
I-18 Total expenses$218,161
I-19 Revenue less expenses$29,333
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $247,494 across 4 lines filed
VIII-1f All other contributions, gifts and grants$239,742
VIII-1h Total contributions, gifts and grants$239,742
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $7,752$7,752
VIII-12 Total revenueExcluded from tax $7,752$247,494
Part IX · Statement of functional expenses $218,161 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $58,834$58,834
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $15,200 · Management $38,000 · Fundraising $22,800$76,000
IX-10 Payroll taxesPrograms $1,576 · Management $3,938 · Fundraising $2,362$7,876
IX-11c Accounting feesManagement $5,359$5,359
IX-11g Other fees for servicesPrograms $9,907 · Management $22,500 · Fundraising $77$32,484
IX-13 Office expensesPrograms $2,621 · Management $4,209 · Fundraising $22$6,852
IX-19 Conferences, conventions and meetingsPrograms $2,184 · Management $1,316 · Fundraising $779$4,279
IX-23 InsuranceManagement $1,075$1,075
IX-24 Other expenses (24a–d)Programs $19,393 · Management $3,943$23,336
IX-24e All other expensesPrograms $602 · Management $1,464$2,066
IX-25 Total functional expensesPrograms $110,317 · Management $81,804 · Fundraising $26,040$218,161
Part X · Balance sheet $205,190 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $175,857$205,190
X-16 Total assetsStart of year $175,857$205,190
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $169,795$201,240
X-28 Net assets with donor restrictionsStart of year $6,062$3,950
X-32 Total net assets or fund balancesStart of year $175,857$205,190
X-33 Total liabilities and net assetsStart of year $175,857$205,190
Part XI · Reconciliation of net assets $205,190 net assets at year end
XI-1 Total revenue$247,494
XI-2 Total expenses$218,161
XI-3 Revenue less expenses$29,333
XI-4 Net assets at start of year$175,857
XI-10 Net assets at end of year$205,190

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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