Nonprofit · EIN 46-3127898
SCHOLARCHIPS INC
Tax-exempt · WASHINGTON, DC 20011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $438,758 | $685,101 | -$246,343 | $47,228 | $35,566 | $11,662 |
| June 30, 2024 | 990 | $406,472 | $544,934 | -$138,462 | $259,766 | $1,761 | $258,005 |
| June 30, 2023 | 990 | $261,153 | $375,206 | -$114,053 | $405,793 | $9,326 | $396,467 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $438,752
- Program service revenue
- $0
- Investment income
- $6
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $160,208
- Compensation of officers, directors and key employees
- $90,529
- Salaries, compensation and benefits (total)
- $103,476
- Professional fundraising fees
- $0
- Legal fees
- $7,520
- Accounting fees
- $19,352
- Occupancy
- $29,420
- Travel
- $74,108
- Depreciation
- $949
- Program services (functional)
- $489,765
- Management and general (functional)
- $129,570
- Fundraising (functional)
- $65,766
Balance sheet and other
- Total assets, start of year
- $259,766
- Total assets, end of year
- $47,228
- Total liabilities, end of year
- $35,566
- Net assets, end of year
- $11,662
- Land, buildings and equipment
- $2,158
- Net assets without donor restrictions
- $11,662
- Gross receipts
- $438,758
- Employees
- 1
- Volunteers
- 30
- Year formed
- 2014
- State of legal domicile
- DC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Yasmine Arrington | Founder and Executive Director Officer | 40 | $127,789 | $6,511 |
| Andranae Nelson | Board Member Trustee or director | 2 | $0 | $0 |
| Rex Yancey | Board Member Trustee or director | 2 | $0 | $0 |
| Karen Addis | Board Member Trustee or director | 2 | $0 | $0 |
| Stephanie Cummings Carr | Board Member Trustee or director | 2 | $0 | $0 |
| Natalie Eisner | Board Member Trustee or director | 2 | $0 | $0 |
| Alex Hollingsworth | Board Member Trustee or director | 2 | $0 | $0 |
| Robert Mayo | Board Member Trustee or director | 2 | $0 | $0 |
| Raynna Nkwanyuo Anyangwe | Board Member Trustee or director | 2 | $0 | $0 |
| Miyesha Perry | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Yasmine Arrington | Founder and Executive Directo Officer | 40 | $116,769 | $9,556 |
| Natalie Eisner | Board Member Trustee or director | 2 | $0 | $0 |
| Stephanie Cummings Carr | Board Member Trustee or director | 2 | $0 | $0 |
| Robert Mayo | Board Member Trustee or director | 2 | $0 | $0 |
| Alex Hollingsworth | Board Member Trustee or director | 2 | $0 | $0 |
| Karen Addis | Board Member Trustee or director | 2 | $0 | $0 |
| Andranae Nelson | Board Member Trustee or director | 2 | $0 | $0 |
| Chris Magnuson | Board Chair Trustee or director, Officer | 7 | $0 | $0 |
| Miyesha Perry | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Scott Rechler | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Raynna Nkwanyuo | Secretary Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Yasmine Arrington | Founder and Executive Directo Officer | 40 | $92,503 | $6,839 |
| Natalie Eisner | Board Member Trustee or director | 2 | $0 | $0 |
| Stephanie Cummings Carr | Board Member Trustee or director | 2 | $0 | $0 |
| Robert Mayo | Board Member Trustee or director | 2 | $0 | $0 |
| Alex Hollingsworth | Board Member Trustee or director | 2 | $0 | $0 |
| Karen Addis | Board Member Trustee or director | 2 | $0 | $0 |
| Andranae Nelson | Board Member Trustee or director | 2 | $0 | $0 |
| Chris Magnuson | Board Chair Trustee or director, Officer | 7 | $0 | $0 |
| Miyesha Perry | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Scott Rechler | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Raynna Nkwanyuo | Secretary Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 22 GALLATIN STREET NE, WASHINGTON, DC 20011-6728
- In care of
- % YASMINE ARRINGTON
- Principal officer (990 for 2024)
- Yasmine Arrington, 22 Gallatin Street NE STE B, Washington, DC 20011
- Signed the 990
- YASMINE ARRINGTON, Founder and Executive Director
- Phone
- (202) 677-0897
- Website
- www.scholarchipsfund.org
- 990-N for 2014 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Vida Anderson, PO Box 56404, Washington DC 20040. Mailing address: PO Box 56404, Washington DC 20040. Website: scholarchipsfund.org
- Return prepared by
- Mullins PC
Mission
Scholarchips provides college scholarships, mentoring and a peer support network to children of incarcerated parents, inspiring them to complete their college education.
Program accomplishments
- ScholarCHIPS awardees receive college funding (I.E. Renewable Scholarships and Book Awards) and brand new laptops, and all of the scholars have the opportunity to benefit from our additional programs, including mentoring, professional development, financial literacy, cultural enrichment, advocacy, public speaking, internship support, emergency support, and a peer support network. Since the programs inception in 2012, the organization has supported 120 scholars, and 54 have graduated from their respective undergraduate studies programs. In December 2023, ScholarCHIPS was recognized as a CNN Hero.Expenses $489,765 · grants $160,208
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3127898
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $47,228
- Income (IRS master file)
- $438,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $438,758 | $685,101 | $47,228 | IRS |
| 990 | June 2024 | $406,472 | $544,934 | $259,766 | IRS |
| 990 | June 2023 | $261,153 | $375,206 | $405,793 | XML |
| 990 | June 2022 | $291,640 | $275,068 | $513,986 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Vida Anderson Filed under this EIN, most likely by a chapter or affiliate | June 30, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-3127898).
Questions about SCHOLARCHIPS INC
- What is the EIN of SCHOLARCHIPS INC?
- The employer identification number (EIN) of SCHOLARCHIPS INC is 46-3127898.
- Is SCHOLARCHIPS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to SCHOLARCHIPS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHOLARCHIPS 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 SCHOLARCHIPS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHOLARCHIPS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SCHOLARCHIPS INC?
- The 990 for the year ended June 30, 2025 names Yasmine Arrington.
- Who are the officers and directors of SCHOLARCHIPS INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $127,789 (Yasmine Arrington, Founder and Executive Director).
- How much revenue does SCHOLARCHIPS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $438,758, expenses of $685,101 and total assets of $47,228 at year end.
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