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Georgia · Nonprofit

A PAY IT FORWARD SCHOLARSHIP CORPORATION

A PAY IT FORWARD SCHOLARSHIP CORPORATION (Georgia) receives grants from 6 organizations whose IRS filings report $115,953 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($86,363). 2 of them have funded it in more than one year, and 90% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$1.4M
Funders on record
6
Grants received
$116k
Net assets
$435k
2/6 repeat funderspeak grant-dependency 2%
01What it does

What A Pay It Forward Scholarship Corporation does

Mission

Provide tuition scholarships to pre-k through 12th grade georgia students

As stated on its FY2024 Form 990.

Program

  1. Provide tuition scholarships to pre-k through 12th grade georgia students

    $1,292,581 spentof which $1,266,434 as grants
    100% of program spending

The program described on its FY2023 Form 990. Program spending in total: $1,292,581.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($740k) Expenses 100 ($761k) Net assets 100 ($116k)2018 Revenue 106 ($781k) Expenses 104 ($791k) Net assets 91 ($106k)2019 Revenue 123 ($910k) Expenses 121 ($921k) Net assets 81 ($95k)2020 Revenue 122 ($905k) Expenses 112 ($850k) Net assets 128 ($149k)2021 Revenue 125 ($922k) Expenses 105 ($795k) Net assets 237 ($276k)2022 Revenue 120 ($891k) Expenses 123 ($934k) Net assets 200 ($233k)2023 Revenue 209 ($1.5M) Expenses 176 ($1.3M) Net assets 382 ($445k)2024 Revenue 191 ($1.4M) Expenses 187 ($1.4M) Net assets 374 ($435k)
'17'18'19'20'21'22'23'24
Revenue (191)Expenses (187)Net assets (374)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $240k to $445k (+85%).

$116k
$106k
$138k
$187k
$281k
$240k
$445k
$436k
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 100%. Grants only. Government contracts and fees sit inside program revenue.

100% of A PAY IT FORWARD SCHOLARSHIP CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (48% for the typical peer).

This organization
Typical peer · 12,352 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.

−$21k
’17
−$10k
’18
−$11k
’19
$54k
’20
$127k
’21
−$43k
’22
$211k
’23
−$9k
’24
3.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Laura Haynes

Executive director

Board chair

Merritt Stewart

Board chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed655455510
Joined·+0+0+0+2+0+0+5
No longer listed·1011000
03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $1k → $17k.

3 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 90% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of A PAY IT FORWARD SCHOLARSHIP CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

A PAY IT FORWARD SCHOLARSHIP CORPORATION leans on a few funders — its largest provides 74% of grant income and the top three 92%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

90% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund A PAY IT FORWARD SCHOLARSHIP CORPORATION.

74%
largest funder
92%
top three
~2
effective funders

Largest funder’s share by year: 2019 100% · 2020 71% · 2021 100% · 2022 100% · 2023 72% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

90% of A PAY IT FORWARD SCHOLARSHIP CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $11k that is directly attributable, 91% of it comes from funders outside Georgia, across 3 states.

NC
GA
TX

In-state vs out-of-state, by year

’19
’20
’23
Georgia out of state home

Funder states come from each funder’s own filing. $105k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

A PAY IT FORWARD SCHOLARSHIP CORPORATION has grown faster than half of the 11,752 education nonprofits its size.

Operating margin−1% · below the median
Months of reserve3.7mo · below the median
Revenue growth (annualized)10% · above the median

this organization peer median middle 50% of peers· 11,752 education nonprofits $1M–$10M, FY2024

Organizations like A PAY IT FORWARD SCHOLARSHIP CORPORATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Georgia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

91% of spending goes to programs.

Program 91%Management 6%Fundraising 4%

Governance

4
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

GA

Screen this organization

A dated, signed PDF of the compliance screen for A PAY IT FORWARD SCHOLARSHIP CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds A PAY IT FORWARD SCHOLARSHIP CORPORATION?
A PAY IT FORWARD SCHOLARSHIP CORPORATION (Georgia) receives grants from 6 organizations whose IRS filings report $115,953 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($86,363). 2 of them have funded it in more than one year, and 90% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does A PAY IT FORWARD SCHOLARSHIP CORPORATION have?
IRS filings report 6 organizations giving $115,953 in grants to A PAY IT FORWARD SCHOLARSHIP CORPORATION, 2 of which have funded it in more than one year.
Who is the largest funder of A PAY IT FORWARD SCHOLARSHIP CORPORATION?
AMERICAN ONLINE GIVING FOUNDATION INC is the largest funder on record, with $86,363 in grants. The full list of funders is on this page.
How can an organization like A PAY IT FORWARD SCHOLARSHIP CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Georgia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds A Pay It Forward Scholarship →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing