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Filing year 2024

SCHOLARSHIP AMERICA INC

Minneapolis, Minnesota·EIN 04-2296967·NTEE B820 · Education·3
Total revenue
$259.9M
Total assets
$194.4M
Total expenses
$243.3M
Reported officers
25
Mission

SEE SCHEDULE OSCHOLARSHIP AMERICA IS A NATIONAL EDUCATION SERVICE ORGANIZATION. . WE'RE COMMITTED TO CREATING A WORLD WHERE EVERY STUDENT CAN ACCESS THE RESOURCES THEY NEED TO LEARN, GROW, AND SUCCEED. OUR EXPERT APPROACH AND FOCUS ON STUDENTS FACING FINANCIAL CHALLENGES HELP BREAK DOWN BARRIERS AND OPEN DOORS TO EDUCATION. SCHOLARSHIP AMERICA HAS DISTRIBUTED MORE THAN $5.7 BILLION IN SCHOLARSHIP ASSISTANCE TO MORE THAN 3.2 MILLION STUDENTS SINCE 1958. PROGRAMS INCLUDE DOLLARS FOR SCHOLARS, EMERGENCY AID, THE DREAM AWARD SCHOLARSHIP PROGRAM, AND SCHOLARSHIP MANAGEMENT SERVICES.

Executive compensation, broken down

Form 990 · Schedule J · 7 reported individuals · Filing year 2024

President and CEO
$364k
$389k
Base
$330k
Bonus
$1k
Other
Benefits
$25k
Chief Financial Officer
$310k
$331k
Base
$256k
Bonus
$7k
Other
Benefits
$40k
Chief Growth Officer
highest compensated employee
$257k
$275k
Base
$245k
Bonus
$216
Other
Benefits
$6k
Vice President, Human Resources
vice president
$238k
$254k
Base
$202k
Bonus
$5k
Other
Benefits
$24k
Vice President, Partner Solutions
vice president
$224k
$239k
Base
$196k
Bonus
$699
Other
Benefits
$22k
Chief Product and Technology Officer
highest compensated employee
$199k
$212k
Base
$191k
Bonus
$404
Other
Benefits
$3k
General Counsel
highest compensated employee
$178k
$190k
Base
$149k
Bonus
$275
Other
Benefits
$23k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 18 unpaid individuals.

Browse compensation in Education

Held roughly steady
over 3 years

From $381k in 2021 to $364k in 2024.

$381k
2021
$346k
2023
$364k
2024
In today's dollarsEst.
Down 15% in real terms$459k to $389k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SCHOLARSHIP AMERICA INC reported revenue and expenses across 3 filing years.

RevenueExpenses
$217.4M
$207.4M
2021
$240.3M
$234.7M
2023
$259.9M
$243.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Minnesota

Comparable education organizations in Minnesota pay their highest-earning executive a median of $90,954.

25th percentile
$36k
Median
$90,954
75th percentile
$152k
90th percentile
$217k

These are education sector-wide figures, not this organization's reported pay. Based on 268 organizations across 268 filings (2022 – 2023).

See full Education pay data for Minnesota
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