Public Charity

THE SCHOLARSHIP ACADEMY INC

Based in ATLANTA, GA, THE SCHOLARSHIP ACADEMY INC operates as a Public Charity. The organization reported $1.6M in revenue, $1.0M in expenses, $1.2M in total assets for fiscal year 2024. Imperigo tracks 23 reported grant relationships connected to this organization totaling approximately $878K.

EIN: 203721836 ATLANTA, GA Latest filing: 2024
Total Revenue$1.6M
Total Expenses$1.0M
Total Assets$1.2M
Grant Records23
Funding Total$878K
Filing Years2021–2024

Mission

The Scholarship Academy, Inc. (the Academy), founded in 2006, is a private District of Columbia nonprofit corporation dedicated to helping lowincome students secure resources to pursue higher education opportunities with minimum debt to create healthier financial aid cultures. The Academy offers a 16-module course to high schools and youth-serving organizations to support students with navigating the financial aid process.

Officers & Directors

Director Calvin Ward
Executive Dir. Jessica Johnson
Secretary Kevin Artis Jr
Director Lisa Lockman
Director Lydia Sermons Ward
Chairman Marc Hardy

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$327,300 6 grants
COMMUNITY BENEFIT
$130,101 4 grants
FAFSA STUDENT SUPPORT
$125,000 1 grant
PROGRAM EXPANSION
$110,000 2 grants
CHARITABLE SUPPORT
$40,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.6M $1.0M $1.2M
2023 $935K $998K $761K
2022 $951K $604K $628K
2021 $540K $420K $382K

Between 2021 and 2024, reported annual revenue grew from $540K to $1.6M (+189%), with total assets most recently reported at $1.2M.

Interactive year-over-year charts and full filing details available with membership.

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