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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Scholarship America Inc.

Scholarship America Inc.

Fiscal year ending 2022. Filed on August 15, 2023.

7900 International Dr 500
Minneapolis, Minnesota 55425

Scholarship America Inc. (EIN: 04-2296967) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Scholarship America Inc., a 501(c)(3) charitable organization, reported compensation for 7 out of 246 total employees. Among the employees shown here, the average compensation is $231,383. The highest compensated employee at Scholarship America Inc. is Michael Nylund with fiscal year 2022 compensation of $297,005.

Revenue, expenses, and employee compensation

Revenue

$222,521,699

Expenses

$217,322,589

Employee compensation

$13,892,135
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Nylund
President and Chief Executive Officer
$297,005
$276,551 No related comp$20,454
Richard Greene
Chief Financial Officer
$272,971
$235,292 No related comp$37,679
Michael Peckenschneider
Vice President Information TECH
$222,152
$212,991 No related comp$9,161
Andrea Smith
Vice President Development and Marketing
$221,503
$203,822 No related comp$17,681
Jennifer Menke
Vice President, Human Resources
$219,680
$189,387 No related comp$30,293
Bonnie Melville
Vice President, Operations
$199,999
$187,313 No related comp$12,686
Rhianna Quinn Roddy
Executive Director, FOF
$186,369
$146,850 No related comp$39,519

Benchmark Employee Compensation

Non-Employee Board Members

Alain Karaoglan
Trustee
Angel Perez
Trustee
Autumn Manning
Trustee
Barbara McBee
Trustee
Douglas J Mello
Trustee
Hazel M McNeilage
Secretary
James Dlugos
Trustee
Jeffrey Msilverman
Trustee
Joseph Palombo
Trustee
Lucinda D Robb
Trustee
M Salman Ravala
Trustee
Mark L Madrid
Trustee

Contractors

Experience It
Software Development
$497,336
Cdw Direct LLC
Technology Hardware
$228,333
Pell Insurance
Insurance Provider
$181,550
Internet Connections Inc.
Software Development
$148,000
Olio LLC
Marketing
$124,750

Mission Statement

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.

Revisions to this organization profile

August 27, 2025:
2024 Scholarship America Inc. 990 filed
March 19, 2025:
Amended (originally filed September 4, 2024)2023 Scholarship America Inc. 990 filed
August 15, 2023:
2022 Scholarship America Inc. 990 filed

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