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Nonprofit · EIN 46-2286764

SCHOLARSHIPS FOR KIDS INC

Tax-exempt · BIRMINGHAM, AL 35202

Financials

$27.3M$18.6M2023$24.9M$21.7M2024
Revenue Expenses · by fiscal year end
Financials of SCHOLARSHIPS FOR KIDS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$24,884,088$21,717,770$3,166,318$45,035,594$32,653$45,002,941
December 31, 2023990$27,312,282$18,553,112$8,759,170$41,932,277$95,654$41,836,623
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$23,242,159
Program service revenue
$0
Investment income
$1,641,929
Net gain from sales of assets
$96,622
Other revenue
$0

Expenses

Grants and similar amounts paid
$20,788,907
Compensation of officers, directors and key employees
$154,406
Salaries, compensation and benefits (total)
$308,820
Professional fundraising fees
$0
Legal fees
$71,500
Travel
$10,902
Program services (functional)
$21,590,413
Management and general (functional)
$127,357

Balance sheet and other

Total assets, start of year
$41,932,277
Total assets, end of year
$45,035,594
Total liabilities, end of year
$32,653
Net assets, end of year
$45,002,941
Net assets without donor restrictions
$11,887,294
Net assets with donor restrictions
$33,115,647
Gross receipts
$31,870,886
Employees
2
Volunteers
0
Year formed
2013
State of legal domicile
AL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
STEPHEN BRIDGERSEXECUTIVE DIRECTOR
Officer
40$154,406
LITASHA STEELEDIRECTOR OF SCHOOL RELATIONS
Highest-paid employee
40$104,588
MIKE FLINKDIRECTOR
Trustee or director
1$0
BRIAN CHRISTINE MDDIRECTOR
Trustee or director
1$0
THOMAS H BRIGHAM JRDIRECTOR
Trustee or director
1$0
JOEL DAVISCHAIRMAN OF THE BOARD
Trustee or director, Officer
1$0
KELLIE HOPETREASURER
Trustee or director, Officer
1$0
ADAM WESTDIRECTOR
Trustee or director
1$0
GRANT MORGANDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
STEPHEN BRIDGERSEXECUTIVE DIRECTOR
Officer
40$157,375
LITASHA STEELEDIRECTOR OF SCHOOL RELATIONS
Highest-paid employee
40$101,333
MIKE FLINKDIRECTOR
Trustee or director
1$0
BRIAN CHRISTINE MDDIRECTOR
Trustee or director
1$0
THOMAS H BRIGHAM JRDIRECTOR
Trustee or director
1$0
JOEL DAVISCHAIRMAN OF THE BOARD
Trustee or director, Officer
1$0
KELLIE HOPETREASURER
Trustee or director, Officer
1$0
ADAM WESTDIRECTOR
Trustee or director
1$0
GRANT MORGANDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 10204, BIRMINGHAM, AL 35202-0204
In care of
% NICOLE CUNNINGHAM
Principal officer (990 for 2024)
AUSTIN HARDISON, PO BOX 10204, BIRMINGHAM, AL 35202
Signed the 990
AUSTIN HARDISON, EXECUTIVE DIRECTOR
Phone
(205) 480-9997
Return prepared by
MAULDIN & JENKINS LLC

Mission

OUR MISSION IS TO SUPPORT EDUCATION AND EDUCATIONAL OPPORTUNITIES. WE PROVIDE SCHOLARSHIPS TO CHILDREN FROM LOWER INCOME FAMILIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENTS' CHOICE. WE EMPHASIZE THE IMPORTANCE OF PARENTS INVESTING THEIR TIME, TALENT AND RESOURCES IN THEIR CHILDREN'S SCHOOL COMMUNITY. WE SUPPORT SCHOOLS THAT PROMOTE ACADEMIC EXCELLENCE AND PRIORITIZE CHARACTER DEVELOPMENT. SCHOLARSHIPS FOR KIDS AT ALL TIMES SEEKS TO OPERATE IN AN EFFECTIVE, EFFICIENT AND ETHICAL MANNER.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION RAISED OVER $23.2 MILLION TO FUND SCHOLARSHIPS FOR STUDENTS TO ATTEND PARTNER SCHOOLS LOCATED ACROSS THE STATE. DURING 2023, WE RECEIVED APPROXIMATELY 1,156 SEPARATE TAX CREDIT CONTRIBUTIONS. DUE TO THE ORGANIZATION'S SUCCESS, PARTNER SCHOOLS ARE FILLING OTHERWISE EMPTY SEATS IN THE CURRENT SCHOOL YEAR.
    Expenses $21,590,413 · grants $20,788,907 · revenue $23,242,109

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-2286764
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$45,035,594
Income (IRS master file)
$31,870,886

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$24,884,088$21,717,770$45,035,594XML
990December 2023$27,312,282$18,553,112$41,932,277XML
990December 2022$25,068,180$13,759,401$33,092,849IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2286764).

Questions about SCHOLARSHIPS FOR KIDS INC

What is the EIN of SCHOLARSHIPS FOR KIDS INC?
The employer identification number (EIN) of SCHOLARSHIPS FOR KIDS INC is 46-2286764.
Is SCHOLARSHIPS FOR KIDS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to SCHOLARSHIPS FOR KIDS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SCHOLARSHIPS FOR KIDS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SCHOLARSHIPS FOR KIDS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SCHOLARSHIPS FOR KIDS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SCHOLARSHIPS FOR KIDS INC?
The 990 for the year ended December 31, 2024 names AUSTIN HARDISON.
Who are the officers and directors of SCHOLARSHIPS FOR KIDS INC?
The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $154,406 (STEPHEN BRIDGERS, EXECUTIVE DIRECTOR).
How much revenue does SCHOLARSHIPS FOR KIDS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $24,884,088, expenses of $21,717,770 and total assets of $45,035,594 at year end.

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