EIN 23-7039405501(c)(3) public charityApproved April 1962Donations tax deductible
From the latest return on file
At a glance
Figures come from the organization’s latest return, for the fiscal year ending December 2025, as recorded by the IRS.
Revenue
$52,398,511
FY2025
Assets
$312,236,601
Year end
Required return
Group return
Covered by its parent organization’s return
Fiscal year
January to December
Ends in December
Focus
Scholarships and student financial aid
NTEE B82, education
Charity type
Publicly supported
509(a)(2)
Compliance clock
What is due, and when
The IRS file shows this organization as covered by a group return filed by its parent organization, so it has no return dates of its own.
Annual
Minnesota charitable solicitation registration
Charities that solicit in Minnesota register with the state and file a report each year, unless exempt. It is due by the 15th day of the seventh month after the fiscal year ends. An extension is available. For a fiscal year ending in December, that is July 15.
From IRS records of electronically filed returns. The IRS record date is the date in the IRS’s own record of each return. It is not a legal filing date, and extensions are not public.
Fiscal year
Form
IRS record date
Due date
Note
FY2024
Form 990
September 8, 2025
May 15, 2025
FY2023
Form 990
September 4, 2024
May 15, 2024
FY2022
Form 990
September 7, 2023
May 15, 2023
FY2021
Form 990
September 9, 2022
May 16, 2022
Returns for fiscal years before 2021, and returns the IRS record cannot date, are not listed.
IRS status check
What the IRS lists say
Three IRS lists, read each month. This is a display of what they show, not a determination of status.
Exempt status
Listed as exempt
The IRS list of exempt organizations. As of October 13, 2026.
Deductible donations
Not listed
The organization is covered by a group exemption. Such organizations are not listed one by one. As of October 13, 2026.
Automatic revocation
Not on the list
The IRS list of organizations whose exemption was revoked for not filing three years in a row. As of October 13, 2026.
Peers
Against Minnesota education organizations of similar size
28 public charities share this focus and state with revenue over $5M on a recent return. The shaded band is the middle half of the group.
$5M$18M$31.1M$44.1M$57.2M+
Scholarship America Inc $52.4MPeer median $8.78MMiddle half of peers
Revenue rank
88th percentile
Among the 28 peers
Assets held
About 5.9 years
Of annual revenue, from public figures
Age
Older than most
Approved 1962; the median peer, 2003
Readiness
What public data cannot tell you
A 990 shows money in and money out. It cannot show whether programs, outcomes, funding and compliance live in one place, or how long a funder report takes to produce. The five pillars below are scored only by the organization itself.
Mission & Strategic Clarity
Can every program be traced to a stated outcome?
Unscored
Stakeholders & Positioning
Do funders see the same story the board sees?
Unscored
Programs & Program Design
Are participants, activities and budgets tracked per program?
Unscored
Evidence, Data & Storytelling
How long does the next funder report take to assemble?