Scholarchips INC FY2021 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, FY2021. 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.
79¢ of each $1 spent went to programs.
$75K 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

FY2021 · 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
79%
of spending
79% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 37% of spending
Pay to officers and key staff is 37% of spending.
Part VII, Section A
29.1 mo
of spending, in cash
29.1 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
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$490K
+98% vs prior year
Spent
$201K
To programs
79%
Net assets
$494K
By yearFY2020–FY2025
Revenue
$490K
FY2021▲ +98%
Tap a bar for its year
Revenue by fiscal year
FY2020$247K
FY2021$490K
FY2022$292K
FY2023$261K
FY2024$406K
FY2025$439K
Expenses
$201K
FY2021▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$218K
FY2021$201K
FY2022$275K
FY2023$375K
FY2024$545K
FY2025$685K
Net assets
$494K
FY2021▲ +141%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 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

79 cents of each dollar spent went to programs.

Program services 79% · $158K Management & general 15% · $30K Fundraising 6% · $13K

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

6 people listed on the 990; $75K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Founder & Executive Director
$74,750Pt VII · Sec A
Board Chair
$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

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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2 programs · $158K · in their own filed words · FY2020
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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3127898) · Dispute this line
$127Kprogram 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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3127898) · Dispute this line
$32Kprogram expense

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$490K
Ln 12
Gifts and grantsLn 1h$488K
Other incomeLn 4–11$2K
Money outPt IX
$201K
Ln 25
Programscol B$158K
Managementcol C$30K
Fundraisingcol D$13K
Owns and owesPt X
$494K
net assets · Ln 32
Cash and savingsLn 1–2$489K
Total assetsLn 16$494K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$488K
Other incomeLn 4–11$2K
Total revenueLn 12$490K
Assets in detailPt X, end of year
CashLn 1$489K
Cash and savings togetherLn 1–2$489K
Pledges and grants receivableLn 3$5K
Total assetsLn 16$494K
LiabilitiesLn 26$0
Net assetsLn 32$494K
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 FY21End FY21
Cash and savingsLn 1–2$205K$489K
Total assetsLn 16$205K$494K
LiabilitiesLn 26$0$0
Net assetsLn 32$205K$494K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$69K$69K
Pay of officers and key staff (Part IX, line 5)Ln 5$75K$52K$15K$7K
Other salaries and wagesLn 7$9K$7K$2K$931
Accounting feesLn 11c$6K$6K
Professional fundraising feesLn 11e$3K$3K
Other fees for servicesLn 11g$25K$24K$588
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$5K$3K$907$453
TravelLn 17$105$74$20$11
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$4K$3K$893$447
Total functional expensesLn 25$201K$158K$30K$13K

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
FY2021 ViewingFiled with the IRS May 16, 2022 $490K$201K$289K$494K 990 PDF
FY2020Filed 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 FY2021 990
Part I · Summary $490,132 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $239,742$487,719
I-9 Program service revenuePrior year $7,752$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$2,413
I-12 Total revenuePrior year $247,494$490,132
I-13 Grants and similar amounts paidPrior year $58,834$69,120
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $83,876$84,059
I-16a Professional fundraising feesPrior year $0$3,438
I-17 Other expensesPrior year $75,451$44,757
I-18 Total expensesPrior year $218,161$201,374
I-19 Revenue less expensesPrior year $29,333$288,758
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $490,132 across 5 lines filed
VIII-1f All other contributions, gifts and grants$487,719
VIII-1h Total contributions, gifts and grants$487,719
VIII-8 Net income from fundraising eventsExcluded from tax $2,384$2,384
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $29$29
VIII-12 Total revenueRelated to mission $29 · Unrelated business $0 · Excluded from tax $2,384$490,132
Part IX · Statement of functional expenses $201,374 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $69,120$69,120
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $52,325 · Management $14,950 · Fundraising $7,475$74,750
IX-7 Other salaries and wagesPrograms $6,516 · Management $1,862 · Fundraising $931$9,309
IX-11c Accounting feesManagement $6,288$6,288
IX-11e Professional fundraising feesFundraising $3,438$3,438
IX-11g Other fees for servicesPrograms $24,065 · Management $588$24,653
IX-12 Advertising and promotionManagement $2,528$2,528
IX-13 Office expensesPrograms $3,174 · Management $907 · Fundraising $453$4,534
IX-17 TravelPrograms $74 · Management $20 · Fundraising $11$105
IX-23 InsuranceManagement $2,181$2,181
IX-24 Other expenses (24a–d)Programs $3,128 · Management $893 · Fundraising $447$4,468
IX-25 Total functional expensesPrograms $158,402 · Management $30,217 · Fundraising $12,755$201,374
Part X · Balance sheet $493,948 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $205,190$488,948
X-3 Pledges and grants receivable$5,000
X-16 Total assetsStart of year $205,190$493,948
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $201,240$196,248
X-28 Net assets with donor restrictionsStart of year $3,950$297,700
X-32 Total net assets or fund balancesStart of year $205,190$493,948
X-33 Total liabilities and net assetsStart of year $205,190$493,948
Part XI · Reconciliation of net assets $493,948 net assets at year end
XI-1 Total revenue$490,132
XI-2 Total expenses$201,374
XI-3 Revenue less expenses$288,758
XI-4 Net assets at start of year$205,190
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$493,948

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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