North Carolina · Nonprofit
ANSWER Scholarship Inc
ANSWER Scholarship Inc (North Carolina) receives grants from 19 organizations whose IRS filings report $593,797 to it, the largest being THE KEITH AND LUANN DRISCOLL FOUNDATION INC ($222,500). 13 of them have funded it in more than one year.
- Revenue FY2025
- $294k
- Funders on record
- 19
- Grants received
- $594k
- Net assets
- $187k
What ANSWER Scholarship Inc does
Mission
To mentor and prepare mothers of school-age children to achieve a college education and inspire them to be role models of academic, personal, and professional success for their children.
As stated on its FY2025 Form 990.
Programs
Mentors for mom program - one of the most impactful things we do for our scholars is connect them with a volunteer mentor through our mentors for mom program. Mentors offer our scholars support and guidance on balancing family, work and school. Scholars meet regularly with their mentors for advice, motivation, or simply as a sounding board. Scholars and mentors also convene monthly as a group, where they share experiences and learn from experts on essential topics, such as financial planning, professional development and women's health. Scholars must participate in the mentors for mom program as part of the scholarship terms. This program is utilized to gauge how well the scholars are doing in school, allowing us to identify and resolve issues before they become setbacks.
$93,559 spent54% of program spendingAt foundation for the carolinas, the endowment fund is called the answer scholarship endowment. Answer inc. Utilizes this fund as a means to provide scholarships for students. In 2024, foundation for the carolinas awarded $97,625 in scholarships to answer inc. Scholars, $78,174 of which was provided by answer inc. The remaining $19,451 was provided by the endowment.
$78,174 spentof which $78,174 as grants46% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $171,733.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $228k to $182k (−20%).
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.
98% of ANSWER Scholarship Inc’s revenue is contributions — more donation-reliant than the typical peer (91% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.
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.
Board chair
Brian Wallace
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 10 funders, grant income rose $1k → $132k.
5 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 23% 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 ANSWER Scholarship Inc’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
ANSWER Scholarship Inc has a broad base — no single funder exceeds 37% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 71% · 2021 46% · 2022 28% · 2023 30% — 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.
How long its funders stay
57% of ANSWER Scholarship Inc's funders are still giving 3 years after their first grant; 68% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
81% of ANSWER Scholarship Inc's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $134k arriving through sponsors registered in 5 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.
Against its field
ANSWER Scholarship Inc is better cushioned than half of the 13,917 human services nonprofits its size.
this organization peer median middle 50% of peers· 13,917 human services nonprofits $100k–$1M, FY2025
Organizations like ANSWER Scholarship Inc
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 North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
58% of spending goes to programs.
Governance
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
Screen this organization
A dated, signed PDF of the compliance screen for ANSWER Scholarship Inc: 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.
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 ANSWER Scholarship Inc?
- ANSWER Scholarship Inc (North Carolina) receives grants from 19 organizations whose IRS filings report $593,797 to it, the largest being THE KEITH AND LUANN DRISCOLL FOUNDATION INC ($222,500). 13 of them have funded it in more than one year.
- How many funders does ANSWER Scholarship Inc have?
- IRS filings report 19 organizations giving $593,797 in grants to ANSWER Scholarship Inc, 13 of which have funded it in more than one year.
- Who is the largest funder of ANSWER Scholarship Inc?
- THE KEITH AND LUANN DRISCOLL FOUNDATION INC is the largest funder on record, with $222,500 in grants. The full list of funders is on this page.
- How can an organization like ANSWER Scholarship Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 19 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 22, 2026. What this page cannot tell you · view filing