Scholarship Foundation Of St Louis

Organization Overview

Scholarship Foundation Of St Louis is located in St Louis, MO. The organization was established in 1983. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Scholarship Foundation Of St Louis employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholarship Foundation Of St Louis is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Scholarship Foundation Of St Louis generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION PROVIDES ACCESS TO POST-SECONDARY EDUCATION THROUGH INTEREST-FREE LOANS AND GRANTS TO AREA STUDENTS WHO ARE IN FINANCIAL NEED AND WHO WOULD OTHERWISE NOT HAVE THE FINANCIAL MEANS TO FULFILL THEIR EDUCATIONAL GOALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES ACCESS TO POST-SECONDARY EDUCATION TO THOSE WHO OTHERWISE WOULD NOT HAVE THE FINANACIAL MEANS TO FULFILL THEIR EDUCATIONAL GOALS. OPERATING ON A NONDISCRIMINATORY BASIS, THE FOUNDATION PROVIDES ASSISTANCE TO APPLICANTS WITH SIGNIFICANT FINANCIAL NEED WHO DEMONSTRATE SATISFACTORY ACADEMIC PROGRESS AND GOOD CHARACTER AND ARE FROM THE ST. LOUIS METROPOLITAN AREA AS WELL AS A NUMBER OF OTHER COMMUNITIES IN MISSOURI AND ILLINOIS. DURING 2021, THE FOUNDATION OPERATED STUDENT PROGRAMS, CONSISTING OF AN INTEREST-FREE LOAN PROGRAM THAT AWARDED $1,931,185, STUDENT GRANT PROGRAMS THAT AWARDED $2,774,971 AND STUDENT ADVISING SERVICES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $194,500
All other contributions, gifts, grants, and similar amounts not included above$6,888,292
Noncash contributions included in lines 1a–1f $227,450
Total Revenue from Contributions, Gifts, Grants & Similar$7,082,792
Total Program Service Revenue$2,075,859
Investment income $301,724
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,036,948
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,563,775

Grants Recieved

Over the last fiscal year, we have identified 25 grants that Scholarship Foundation Of St Louis has recieved totaling $2,926,978.

Awarding OrganizationAmount
Crawford Taylor Foundation

St Louis, MO

PURPOSE: ANNUAL FUND - SUPPORT

$1,747,200
Bjc Health System

St Louis, MO

PURPOSE: SUPPORT THE COMMUNITY WHO WOULD NOT HAVE FINANCIAL MEANS TO FULFILL THEIR EDUCATIONAL GOALS.

$496,798
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$128,268
St Louis Community Foundation Incorporated

St Louis, MO

PURPOSE: EDUCATION

$121,280
Pershing Charitable Trust

St Louis, MO

PURPOSE: GENERAL CHARITABLE PURPOSES

$100,000
Jefferson Foundation

Festus, MO

PURPOSE: STUDENT ADVISING AND BRAVO GRANT PROGRAMS

$77,300
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,167,668
Earnings$751,763
Net Contributions$314,835
Other Expense$156,495
Ending Balance$6,077,771

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