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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 2023. Filed on March 19, 2025.

7900 International Dr 500
221 West Nassau
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 2023 IRS Form 990 filing, Scholarship America Inc., a 501(c)(3) charitable organization, reported compensation for 7 out of 218 total employees. Among the employees shown here, the average compensation is $253,605. The highest compensated employee at Scholarship America Inc. is Michael Nylund with fiscal year 2023 compensation of $346,113.

Revenue, expenses, and employee compensation

Revenue

$240,271,340

Expenses

$234,740,961

Employee compensation

$13,563,309
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Nylund
President and Chief Executive Officer
$346,113
$312,172 No related comp$33,941
Richard Greene
Chief Financial Officer
$281,154
$241,455 No related comp$39,699
Donald Yu
Chief Strategy Product Officer
$256,305
$223,346 No related comp$32,959
Michael Peckenschneider
Vice President Information TECH
$237,857
$228,518 No related comp$9,339
Jennifer Menke
Vice President, Human Resources
$223,704
$191,396 No related comp$32,308
Andrea Smith
Vice President Development and Market
$222,545
$204,478 No related comp$18,067
Aaron Nottestad
Director, Software Engineering
$207,557
$188,050 No related comp$19,507

Benchmark Employee Compensation

Non-Employee Board Members

Alain Karaoglan
Trustee
Angel Perez
Trustee
Autumn Manning
Trustee
Barbara McBee
HRT Chair Pro-Tem
Daniel Lee
Trustee
Hazel M McNeilage
Treasurer and Fin. and Inv. Committee Chair
James Dlugos
Trustee
Jeffrey M Silverman
Trustee
Joseph Palombo
Trustee
Lucinda D Robb
Governance Committee Chair
M Salman Ravala
Trustee
Mark P Turchan
Trustee

Contractors

Pell Insurance
Insurance Broker
$170,071
Nearform Inc.
Technology Consultant
$109,250
Cdw Direct
Technology Hardware
$107,816
Parodi Consulting Inc
Strategy Consultant
$105,378
Risk Strategies Company
Cyber Insurance Consultant/Broker
$101,928

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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