SCHOOL CHOICE SCHOLARSHIPS INC Charity Report

Tax-exempt status may be revoked

SCHOOL CHOICE SCHOLARSHIPS INC

EIN 31-1589289 · Scholarships & Student Financial Aid (B82)

What they do

CHANGING LIVES FOREVER THROUGH EDUCATION. WE HELP LOW-INCOME FAMILIES WITH CHILDREN IN KINDERGARTEN THROUGH 8TH GRADE THROUGHOUT THE LOUISVILLE, KENTUCKY AREA WHO WANT THE BEST POSSIBLE EDUCATION AT THEIR CHOICE of SCHOOLS. WE HELP OFFSET THE COST of PRIVATE and PAROCHIAL SCHOOLS for FAMILIES WITH FINANCIAL NEED. WE ALSO PROVIDE PARENT EDUCATION CLASSES and SUPPORT. ALL PARENTS of SCHOLARSHIP RECIPIENTS MUST ATTEND AT LEAST FOUR CLASSES DURING THE COURSE of THE SCHOOL YEAR. TOPICS COVERED RANGE FROM FINANCIAL EDUCATION to SUBSTANCE ABUSE PREVENTION to TUTORING SERVICES AVAILABLE.

Before you give

Should I give to this charity?

Easy charity check

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2020The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

0.03%of revenue went to fundraising1.5% of expenses

$2.27spent for every $100 of revenueRevenue covered expenses this year.

2.23%of revenue went to management and office costs98.5% of expenses

$30.96in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $6,000 for JOANNA NUGENT (BOARD MEMBER). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2020

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$406,798

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$9,0742.23% of revenue98.5% of expenses

FundraisingAsking for donations$1400.03% of revenue1.5% of expenses

Revenue left after expensesReported annual surplus$397,58497.73% of revenueShown in gray on the chart

Total expenses$9,2142.27% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2020CurrentExpense mix: 0.0% mission · 98.5% management · 1.5% fundraisingTotal expenses: 2.27% of revenue

2019Expense mix: 54.1% mission · 19.5% management · 26.5% fundraisingTotal expenses: 104.33% of revenue

2018Expense mix: 83.2% mission · 6.2% management · 10.6% fundraisingTotal expenses: 208.83% of revenue

2017Expense mix: 86.5% mission · 4.5% management · 9.0% fundraisingTotal expenses: 195.95% of revenue

2016Expense mix: 86.4% mission · 5.4% management · 8.2% fundraisingTotal expenses: 105.06% of revenue

2015Expense mix: 84.2% mission · 6.2% management · 9.6% fundraisingTotal expenses: 92.94% of revenue

Money in and money out

Revenue$406,798

Expenses$9,214

Annual surplus $397,584 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$9,074 · 98.5% of expenses

Fundraising$140 · 1.5% of expenses

See all reported dollar amounts

Revenue$406,798

Expenses$9,214

Assets$285,262

Income$406,798

Contributions$406,618

Fundraising$140

Management and general$9,074

Executive compensation (total)$95,148

Stocks and bonds$117

Accounting fees$2,421

People

Leadership and board

Tax year 2020

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JOANNA NUGENTBOARD MEMBER · 5 hrs/week $6,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (3)

JOANNA NUGENTBOARD MEMBER

JAMES A PATTERSONFOUNDING MEMBER AND PRESID

MARGARET ANN WELLSFOUNDING MEMBER AND TREASU

About this charity

Recognized since: August 1998
Location: 503 ROLLING LN, LOUISVILLE, KY 40207
County: Jefferson
In care of: ANN WELLS
Primary officer: ANN WELLS, BOARD MEMBER

How to reach them

WebsiteVisit the charity’s website Phone(502) 254-7274

Filing and classification

Latest tax year: 2020
Tax period began: July 1, 2020
Return type: 990
Tax preparer: MCM CPAS & ADVISORS LLP
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid
Revocation date: November 15, 2024