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Filing year 2024

SCHOLARSHIP AMERICA INC

Minneapolis, Minnesota·EIN 04-2296967·NTEE B820 · Education·501(c)(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 · Part VII & Schedule J · 7 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Minnesota.

President and CEO
Above 90th percentile
$364k
$389k
Base
$330k
Bonus
$1k
Other
Benefits
$25k
Chief Financial Officer
Above 90th percentile
$310k
$331k
Base
$256k
Bonus
$7k
Other
Benefits
$40k
Chief Growth Officer
Highest Compensated Employee
Above 90th percentile
$257k
$275k
Base
$245k
Bonus
$216
Other
Benefits
$6k
Vice President, Human Resources
Board Vice President
Median to 75th percentilevs Education peers nationwide
$238k
$254k
Base
$202k
Bonus
$5k
Other
Benefits
$24k
Vice President, Partner Solutions
Board Vice President
Median to 75th percentilevs Education peers nationwide
$224k
$239k
Base
$196k
Bonus
$699
Other
Benefits
$22k
Chief Product and Technology Officer
Highest Compensated Employee
75th to 90th percentile
$199k
$212k
Base
$191k
Bonus
$404
Other
Benefits
$3k
General Counsel
Highest Compensated Employee
Median to 75th percentile
$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

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at SCHOLARSHIP AMERICA INC equaled 0.1% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
0.1%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

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.

Pay for the position

Chief Executive Officer pay fell 4% from 2021 to 2024, while revenue rose 20%.

$381k in 2021 to $364k in 2024.
  • Chief Financial Officer pay rose 14% from 2021 to 2024.
  • Highest Compensated Employee pay held roughly steady from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2024.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

1
UNITED NEGRO COLLEGE FUND INC2023
$984k
2
SCHOLARSHIP AMERICA INC2024
$364k
See full Executive Director compensation rankings across Education
FAQ

Common questions about SCHOLARSHIP AMERICA INC

What does the Chief Executive Officer of SCHOLARSHIP AMERICA INC earn?

In 2024, the Chief Executive Officer of SCHOLARSHIP AMERICA INC received $364,436 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SCHOLARSHIP AMERICA INC compare with similar nonprofits?

Compared with the same role at Education organizations in Minnesota, the 2024 pay of the Chief Executive Officer at SCHOLARSHIP AMERICA INC falls in the top 10%. In 2024, the highest total compensation at SCHOLARSHIP AMERICA INC equaled 0.1% of the organization's total expenses. The median for education organizations is 7%.

What are SCHOLARSHIP AMERICA INC's revenue and expenses?

In 2024, SCHOLARSHIP AMERICA INC reported $259.9M in total revenue and $243.3M in total expenses on its IRS Form 990.

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