Virginia · Nonprofit
OLE SCHOOL SCHOLARSHIP FUND
OLE SCHOOL SCHOLARSHIP FUND (Virginia) receives grants from 4 organizations whose IRS filings report $367,500 to it, the largest being SENTARA HEALTH ($167,000). 2 of them have funded it in more than one year, and 52% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $126k
- Funders on record
- 4
- Grants received
- $368k
- Net assets
- $531k
What Ole School Scholarship Fund does
Mission
Award a minimum of three (3) incoming (Freshman) and three (3) retention (upperclassmen) scholarships annually to underserved/underrepresented students attending James Madison University.
As stated on its FY2025 Form 990.
Programs
This year, the Ole School Scholarship Fund (The Fund) awarded five (5) incoming Freshman scholarships and 27 retention scholarships (upperclassmen) to underserved/underrepresented students attending James Madison University. Incoming and retention scholarships totaled $27,000.
$27,000 spentof which $27,000 as grants33% of program spendingSentara Healthcare Program: The Ole School Scholarship Fund (The Fund) - in partnership with Sentara Healthcare, continued to provide financial assistance (scholarships, tuition, stipends, books, miscellaneous fees, supplies/equipment) to and in support of underserved\underrepresented healthcare service industry students (and students in supporting majors) participating in The Fund Recruitment Program at James Madison University. This year, The Fund provided support including: (1) Sentara Summer Camp program student stipends ($10,600); (2) mentorship/recruitment efforts ($1,370); (3) other student stipend/awards ($4,700); (4) administrative/operational support (i.e., audio/visual, misc. event/meeting costs, event honoree gifts, bank fees, event catering, new checks, volunteer per diem, PO Box rental) Ole School Scholarship Fund Operational Support ($6,475.52); and (5) specific student travel in support of the Ghana Summer event ($1619.31).
$24,777 spentof which $24,777 as grants30% of program spendingOle School Alumni Owusu-Ansah (JMU) Experiential Summer Program Scholarship (Ghana Summer Scholarship): Provided $12,500 in scholarships to 5 JMU students for the annual summer trip to Ghana with other students (led by a JMU professor). Also, provided $500 for audio/video support during the trip (operated by a JMU student).
$13,000 spentof which $13,000 as grants16% of program spendingProvided additional student scholarships in partnership with Ernst & Young ($5,000)
$5,000 spent6% of program spendingDue to JMU's funding shortfall for three (3) student recipients of the Fullbright Scholarship, The Fund provided $1,500 for each student for a total of $4,500.
$4,500 spentof which $4,500 as grants5% of program spendingProvided $4,000 as part of Ole School Scholarship underserved / underrepresented program in partnership with JMU and ERP Corporation (and its affiliates). Also, reimbursed student cost for supplies ($90) purchased in support of a project associated with a program for underserved / underrepresented students.
$4,090 spentof which $4,090 as grants5% of program spendingThis year senior representatives of The Fund held a special event (along with university alumni) hosting primarily senior JMU leadership, including the university president. The total cost of this event was $2,000.
$2,000 spentof which $2,000 as grants2% of program spendingProvided $1500 to JMU students as part of Ole School Scholarship underserved / underrepresented program in partnership with Freddie Mac.
$1,500 spent2% of program spending
The 8 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $81,867.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 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 2022 to 2023, from $247k to $430k (+74%).
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.
89% of OLE SCHOOL SCHOLARSHIP FUND’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 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.
Who funds it, year by year
2021 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $21k → $137k.
2 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 52% 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 OLE SCHOOL SCHOLARSHIP FUND’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
OLE SCHOOL SCHOLARSHIP FUND leans on a few funders — its largest provides 45% of grant income and the top three 97%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
100% 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 OLE SCHOOL SCHOLARSHIP FUND.
Largest funder’s share by year: 2021 100% · 2022 46% · 2023 71% — 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
52% of OLE SCHOOL SCHOLARSHIP FUND'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 $177k that is directly attributable, 94% of it comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $191k arriving through sponsors registered in 2 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
OLE SCHOOL SCHOLARSHIP FUND runs a healthier operating margin than three-quarters of the 16,849 education nonprofits its size.
this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025
Organizations like OLE SCHOOL SCHOLARSHIP FUND
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 Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
100% of spending goes to programs.
Governance
Public support
98%
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 OLE SCHOOL SCHOLARSHIP FUND: 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 OLE SCHOOL SCHOLARSHIP FUND?
- OLE SCHOOL SCHOLARSHIP FUND (Virginia) receives grants from 4 organizations whose IRS filings report $367,500 to it, the largest being SENTARA HEALTH ($167,000). 2 of them have funded it in more than one year, and 52% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does OLE SCHOOL SCHOLARSHIP FUND have?
- IRS filings report 4 organizations giving $367,500 in grants to OLE SCHOOL SCHOLARSHIP FUND, 2 of which have funded it in more than one year.
- Who is the largest funder of OLE SCHOOL SCHOLARSHIP FUND?
- SENTARA HEALTH is the largest funder on record, with $167,000 in grants. The full list of funders is on this page.
- How can an organization like OLE SCHOOL SCHOLARSHIP FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. 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 Ole School Scholarship →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 4 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