Alabama · Nonprofit
SCHOLARSHIPS FOR KIDS INC
SCHOLARSHIPS FOR KIDS INC (Alabama) receives grants from 5 organizations whose IRS filings report $119,500 to it, the largest being THE MEVATEC FOUNDATION ($30,000). 3 of them have funded it in more than one year, and 55% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $25M
- Funders on record
- 5
- Grants received
- $120k
- Net assets
- $45M
What Scholarships for Kids Inc does
Mission
Our mission is to support education and educational opportunities. We provide scholarships to children from lower income families to attend private k-12 schools of their parents' choice. We emphasize the importance of parents investing their time, talent and resources in their children's school community. We support schools that promote academic excellence and prioritize character development. Scholarships for kids at all times seeks to operate in an effective, efficient and ethical manner.
As stated on its FY2024 Form 990.
Program
The organization raised over $23.2 million to fund scholarships for students to attend partner schools located across the state. During 2023, we received approximately 1,156 separate tax credit contributions. Due to the organization's success, partner schools are filling otherwise empty seats in the current school year.
$21,590,413 spentof which $20,788,907 as grants$23,242,109 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $21,590,413.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 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 2021 to 2022, from $22M to $33M (+52%).
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.
Government-grant reliance: 2022 14% · 2023 20%. Grants only. Government contracts and fees sit inside program revenue.
93% of SCHOLARSHIPS FOR KIDS INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% 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.
Chief executive
Stephen Bridgers
Executive director
Board chair
Joel Davis
Chairman of the board
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 1 funder, grant income rose $2k → $9k.
3 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 55% 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 SCHOLARSHIPS FOR KIDS 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
SCHOLARSHIPS FOR KIDS INC has a broad base — no single funder exceeds 25% 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
55% 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 SCHOLARSHIPS FOR KIDS INC.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 71% · 2021 100% · 2022 100% · 2023 100% — broadly stable.
“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
55% of SCHOLARSHIPS FOR KIDS INC'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 $54k that is directly attributable, 56% of it comes from Alabama funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $66k 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.
Against its field
SCHOLARSHIPS FOR KIDS INC holds deeper cash reserves than three-quarters of the 4,064 education nonprofits its size.
this organization peer median middle 50% of peers· 4,064 education nonprofits $10M–$100M, FY2024
Organizations like SCHOLARSHIPS FOR KIDS 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 Alabama
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
99% of spending goes to programs.
Governance
Public support
97%
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 SCHOLARSHIPS FOR KIDS 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 SCHOLARSHIPS FOR KIDS INC?
- SCHOLARSHIPS FOR KIDS INC (Alabama) receives grants from 5 organizations whose IRS filings report $119,500 to it, the largest being THE MEVATEC FOUNDATION ($30,000). 3 of them have funded it in more than one year, and 55% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does SCHOLARSHIPS FOR KIDS INC have?
- IRS filings report 5 organizations giving $119,500 in grants to SCHOLARSHIPS FOR KIDS INC, 3 of which have funded it in more than one year.
- Who is the largest funder of SCHOLARSHIPS FOR KIDS INC?
- THE MEVATEC FOUNDATION is the largest funder on record, with $30,000 in grants. The full list of funders is on this page.
- How can an organization like SCHOLARSHIPS FOR KIDS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Alabama. 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 FY2024 (financials across 2020–2024), and the filings of 5 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