Scholar Fund FY2021 filing

Tax-deductible

Seattle, WA501(c)(3)Since 2016EducationEIN 81-3153433

This page gets seen. Tell your story. Claim this org.

To cultivate and establish a positive impact. We primarily accomplish this by connecting community needs to resources and opportunities.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$244K 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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $721K a year · 3% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$244K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $1.6M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.1M
+86% vs prior year
Spent
$26.7M
To programs
99%
Net assets
$3.2M
By yearFY2020–FY2023
Revenue
$28.1M
FY2021▲ +86%
Revenue by fiscal year
FY2020$15.1M
FY2021$28.1M
FY2022$6.4M
FY2023$45.3M
Expenses
$26.7M
FY2021▲ +99%
Expenses by fiscal year
FY2020$13.4M
FY2021$26.7M
FY2022$6.1M
FY2023$45.7M
Net assets
$3.2M
FY2021▲ +88%
Net assets by fiscal year
FY2020$1.7M
FY2021$3.2M
FY2022$3.1M
FY2023$2.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Feb 2018.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $26.4M Management & general 1% · $319K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

6 people listed on the 990; $244K paid to officers and key staff.

Part VII, Section A · reportable compensation
$144,633Pt VII · Sec A
Director of Operations
$80,592Pt VII · Sec A
Director of Engineering
$19,048Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

David Coven’s $270K as CEO is at the 58th percentile of top reported officer pay among 3683 $10–100M 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 · 6 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
David Coven$270,400$229,600$144,633$53,700
Brent Schroeter$195,011$168,168$19,048$1,500
Malachi Williams$175,160$154,060$80,592—
Mayzie Meng$159,519———
Maria Alejandra Perez Guzman$136,021———
Akerei Iese—$104,059——

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 Scholar Fund executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Connects underserved communities to vital resources, opportunities, and financial aid for legal and administrative documentation to foster economic and civic participation.

Provided by the organization

This section is blank until Scholar Fund claims this page.

Know this organization? Claim it to add your story

3 program services account for $26.0M of program spending, described in the organization's own filed words · FY2021.
01

Seattle Relief Fund- In 2020, the organization received a grant from the City of Seattle's Office of Immigrant and Refugee Affairs to provide one time cash assistance payments to eligible applicants experiencing hardship.

$22.0Mprogram expense
02

Small Business Fund

In the face of unprecedented need the Seattle Office of Economic Development put forth funds in direct cash assistance to small businesses with a focus on restaurants and bars.

$2.2Mprogram expense
03

Washington Immigrant Relief Fund

the organization supported the creation and administration of Washington State's Immigrant Relief Fund, which successfully disbursed aid to over 60,000 immigrants across the state during the public health emergency related to Covid-19.

$1.9Mprogram expense

Run this program? Claim this org to tell your story

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
See all 8 funders →
Grants paid · 541 grants · $51.6M · 2020–2023
Unitemized GrantFY2023$6,962,695
Unitemized GrantFY2023$3,779,189
Unitemized GrantFY2023$3,143,582
Unitemized GrantFY2023$2,180,790
Kuehg CorpFY2023$1,313,081
El Academies INCFY2023$622,807
Kre-8-Tive Kidz InternationalFY2023$540,355
Right at School LLCFY2023$266,527
College for Kids at KentFY2023$232,483
Dan Russell Enterprises INCFY2023$215,848
Menachem Mendel Seattle ChederWA · FY2023$206,211
Childrens Academy of SeattleFY2023$199,364
Greenacres Learning CenterFY2023$196,901
Healthy Habits 4 LifeWA · FY2023$188,507
Barwaqo DaycareFY2023$171,186
Childrens Academy of SeattleFY2023$166,317
Happy Early LearningFY2023$165,360
See all 541 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$28.1M
Ln 12
Fees for servicesLn 2g$27.4M
Gifts and grantsLn 1h$747K
Investment incomeLn 3$334
Money outPt IX
$26.7M
Ln 25
Programscol B$26.4M
Managementcol C$319K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$5.6M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$747K
Fees for servicesLn 2g$27.4M
Investment incomeLn 3$334
Total revenueLn 12$28.1M
Assets in detailPt X, end of year
CashLn 1$5.6M
SavingsLn 2$972
Cash and savings togetherLn 1–2$5.6M
Total assetsLn 16$5.6M
LiabilitiesLn 26$2.4M
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 525
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.4M$5.6M
Total assetsLn 16$2.4M$5.6M
LiabilitiesLn 26$745K$2.4M
Net assetsLn 32$1.7M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$23.6M$23.6M
Pay of current officers, directors and key staffLn 5$244K$244K$0$0
Pay of disqualified personsLn 6$1.6M$1.4M$187K$0
Pension plan contributionsLn 8$43K$38K$4K$0
Other employee benefitsLn 9$49K$44K$5K$0
Payroll taxesLn 10$159K$143K$16K$0
Other fees for servicesLn 11g$663K$663K$0$0
Office expensesLn 13$766$689$77$0
Conferences, conventions and meetingsLn 19$123$123$0$0
Payments to affiliatesLn 21$75K$0$75K$0
InsuranceLn 23$10K$9K$991$0
Other expenses (24a–d)Ln 24$307K$276K$31K$0
Total functional expensesLn 25$26.7M$26.4M$319K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $45.3M$45.7M−$449K$2.6M 990 PDF
FY2022 $6.4M$6.1M$254K$3.1M 990 PDF
FY2021 Viewing $28.1M$26.7M$1.4M$3.2M 990 PDF
FY2020 $15.1M$13.4M$1.7M$1.7M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $28,113,287 across 5 lines filed
Lines not itemized here account for $1,963,654 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$747,205
VIII-1h Total contributions, gifts and grants$747,205
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$25,402,094
VIII-3 Investment incomeUnrelated business $99 · Excluded from tax $0$334
VIII-12 Total revenueRelated to mission $27,365,983 · Unrelated business $99 · Excluded from tax $0$28,113,287
Part IX · Statement of functional expenses $26,734,697 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $23,564,438$23,564,438
IX-5 Pay of current officers, directors and key staffPrograms $244,273 · Management $0 · Fundraising $0$244,273
IX-6 Pay of disqualified personsPrograms $1,433,267 · Management $187,221 · Fundraising $0$1,620,488
IX-8 Pension plan contributionsPrograms $38,290 · Management $4,254 · Fundraising $0$42,544
IX-9 Other employee benefitsPrograms $43,785 · Management $4,865 · Fundraising $0$48,650
IX-10 Payroll taxesPrograms $143,025 · Management $15,892 · Fundraising $0$158,917
IX-11g Other fees for servicesPrograms $662,984 · Management $0 · Fundraising $0$662,984
IX-13 Office expensesPrograms $689 · Management $77 · Fundraising $0$766
IX-19 Conferences, conventions and meetingsPrograms $123 · Management $0 · Fundraising $0$123
IX-21 Payments to affiliatesPrograms $0 · Management $75,000 · Fundraising $0$75,000
IX-23 InsurancePrograms $8,920 · Management $991 · Fundraising $0$9,911
IX-24 Other expenses (24a–d)Programs $275,845 · Management $30,758 · Fundraising $0$306,603
IX-25 Total functional expensesPrograms $26,415,639 · Management $319,058 · Fundraising $0$26,734,697
Part X · Balance sheet $5,638,279 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,435,751$5,637,307
X-2 Savings and temporary cash investmentsStart of year $7,346$972
X-16 Total assetsStart of year $2,443,097$5,638,279
X-17 Accounts payable and accrued expensesStart of year $744,972$2,444,113
X-26 Total liabilitiesStart of year $744,972$2,444,113
X-28 Net assets with donor restrictionsStart of year $1,698,125$3,194,166
X-32 Total net assets or fund balancesStart of year $1,698,125$3,194,166
X-33 Total liabilities and net assetsStart of year $2,443,097$5,638,279
Part XI · Reconciliation of net assets $3,194,166 net assets at year end
XI-1 Total revenue$28,113,287
XI-2 Total expenses$26,734,697
XI-3 Revenue less expenses$1,378,590
XI-4 Net assets at start of year$1,698,125
XI-10 Net assets at end of year$3,194,166

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.