Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
54 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
11 people listed on the 990; $30K paid to officers and key staff.
Susan Andersen’s $33K as Executive Dir. is at the 21st percentile of top reported officer pay among 2168 $100K–1M human services 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Susan Andersen | $32,625 | $30,250 | $20,104 | $22,000 | $16,873 |
| Marth Honeycutt | — | — | — | — | $15,000 |
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 Answer Scholarship 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 15aNo
Programs and updates
Helps mothers of school-age children earn college degrees and become academic role models.
Questions for Answer Scholarship INC
Your first name shows with your question. Answer Scholarship INC answers here, for everyone.
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 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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|
| End of yearLn 1g | $70K | $63K | $57K | $67K |
| SpentLn 1d–1f | $517 | $510 | $525 | $504 |
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $228K | $182K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $228K | $182K |
| LiabilitiesLn 26 | $1K | $2K |
| Net assetsLn 32 | $226K | $180K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $68K | $68K | ||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $37K | $12K | $12K | $12K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $131K | $51K | $11K | $69K |
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $7K | $2K | $2K | $2K |
| Payroll taxesLn 10 | $7K | $2K | $2K | $2K |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $0 | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $9K | $231 | $7K | $1K |
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $655 | $655 | ||
| Information technologyLn 14 | $2K | $1K | $1K | |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $3K | $1K | $1K | $403 |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $32K | $23K | $6K | $3K |
| All other expensesLn 24e | $2K | $107 | $1K | $461 |
| Total functional expensesLn 25 | $299K | $162K | $47K | $91K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 14, 2026 | $294K | $297K | −$2K | $187K | 990 PDF |
| FY2024 ViewingFiled with the IRS Feb 2, 2025 | $245K | $299K | −$54K | $180K | 990 PDF |
| FY2023Filed with the IRS May 13, 2024 | $230K | $281K | −$51K | $226K | 990 PDF |
| FY2022Filed with the IRS Jul 12, 2022 | $195K | $184K | $11K | $189K | 990 PDF |
| FY2021 | Not on file | ||||
| FY2020Filed with the IRS May 17, 2021 | $194K | $162K | 990 PDF | ||
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $245,334 revenue, 12 lines filed
Part VI · Governance 10 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $245,334 across 10 lines filed
Part IX · Statement of functional expenses $299,472 across 31 lines filed
Part X · Balance sheet $182,105 assets, 22 lines filed
Part XI · Reconciliation of net assets $179,673 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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