2024-05-10T16:18:24-04:00 2023-06-30 474306215 Mullins PC 7625 Wisconsin Avenue Bethesda MD 20814 990 2022-07-01 463127898 ScholarCHIPS Inc SCHO 22 Galatin Street NE STE B Washington DC 20001 Yasmine Arrington Founder and Exe 2026770897 2024-05-10 true Yasmine Arrington XXX-XX-XXXX John Mullins P01429307 2027706371 2024-05-10 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z Yasmine Arrington 261153 false X www.scholarchipsfund.org X 2014 DC Scholarchips provides college scholarships, mentoring and a peer support network to children of incarcerated parents, inspiring them to complete their college education. 10 10 1 30 0 0 292251 261153 0 0 -611 0 291640 261153 77511 105968 0 84886 110127 0 19865 112671 159111 275068 375206 16572 -114053 513986 405793 3466 9326 510520 396467 Scholarchips provides college scholarships, mentoring and a peer support network to children of incarcerated parents, inspiring them to complete their college education. false false 295534 90326 Scholarchips awardees receive college funding (I.E. Renewable Scholarships and Book Awards), and all of the scholars have the opportunity to benefit from our additional programs, including mentoring, cultural enrichment, college life skills workshops and a peer support network. Since the programs inception in 2012, the organization has supported seventy-seven scholars, and thirty-two scholars have graduated from their respective undergraduate studies programs.Scholarchips also maintained its in-house one-on-one mentorship program, where scholars are matched with vetted volunteer mentors from within the community. Scholars and mentors have reported that they are enjoying their relationship and that it is mutually beneficial. ScholarCHIPS does have a new Mental Health and Wellness Program. ScholarCHIPS Mental Health and Wellness Program is designed to provide educational and mental/emotional programming and supports for scholars to aid in healthy development and to ensure that they can complete their college education. Programming includes mental health and wellness workshops and webinars on sub-topics such as building positive self-esteem and body image, dealing with depression and anxiety, etc. Through this program, ScholarCHIPS offers referral lists for therapy services upon scholars requests and offers financial assistance to scholars who are seeking therapy from a licensed therapist, who have financial need. 295534 true true false false false false false false false false false false false false false true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 11 0 true 1 true false false false false false true true false false false false X 10 10 false false false false false false false true true false false true true true true false false true false false X The Organization 2026770897 22 Galatin Street NE Unit B Washington DC 20001 Yasmine Arrington Founder and Executive Directo 40.00 0.00 X 92503 0 6839 Natalie Eisner Board Member 2.00 0.00 X 0 0 0 Stephanie Cummings Carr Board Member 2.00 0.00 X 0 0 0 Robert Mayo Board Member 2.00 0.00 X 0 0 0 Alex Hollingsworth Board Member 2.00 0.00 X 0 0 0 Karen Addis Board Member 2.00 0.00 X 0 0 0 Andranae Nelson Board Member 2.00 0.00 X 0 0 0 Chris Magnuson Board Chair 7.00 0.00 X X 0 0 0 Miyesha Perry Vice Chair 2.00 0.00 X X 0 0 0 Scott Rechler Treasurer 2.00 0.00 X X 0 0 0 Raynna Nkwanyuo Secretary 2.00 0.00 X X 0 0 0 92503 0 6839 0 false false false 261153 261153 261153 0 0 0 X 105968 105968 92503 64752 18500 9251 2954 2068 591 295 11104 7773 2221 1110 3566 2496 713 357 18350 18350 98192 89340 8852 425 425 21003 11182 9821 12968 6484 6484 2162 1081 1081 Other 5511 3965 1546 Bank & Merchant Fees 500 500 375206 295534 59807 19865 503623 396086 6720 9707 3643 513986 405793 2466 9326 1000 3466 9326 X 510520 396467 510520 396467 513986 405793 -114053 0 X X false true X true false X 169346 239742 487719 292251 261153 1450211 7752 2413 -611 9554 169346 247494 490132 291640 261153 1459765 105000 370000 475000 35000 35000 140000 370000 510000 949765 169346 247494 490132 291640 261153 1459765 0.65060 0.60430 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 261153 261153 261153 375206 375206 375206 Footnote for uncertain tax position under FIN 48 (Part X) The Organization is exempt from federal income tax under section 501 ( C ) ( 3 ) of the internal revenue code. The Organization applies the provisions of FASB ASC Topic 740, income taxes, which prescribes a recognition hreshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC Topic 740 also provides guidance on de recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. true Scholarships 44 63676 Book Awards 30 24675 Support Awards 1 1275 Graduation Gifts 4 700 Laptops 8 15642 Monitoring procedures (Part I, line 2) Scholarchips monitors the use of grant funds by tracking which grants are restricted vs. unrestricted in the Organizations Intuit QuickBooks account. We also track which grants are one-time awards and those which are multi-year commitments. All grant funds spent are coded, indicating the purpose of the funds spent. With this system, the Organization is able to track when and how the restricted grant funds were spent, as well as unrestricted grants funds, which are usually discretionary funds or general operations grants. Additionally, Scholarchips provides interim and final reports to all of the foundations that award the Organization grants on how the funds were utilized (and programmatic results and success metrics) throughout the grant period and fiscal year. Form 990 governing body review Part VI line 11 The tax return is reviewed by the Treasurer and other members of the Board before filing. Conflict of interest policy compliance Part VI line 12c The conflict-of-interest policy is reviewed annually. Board members are expected to disclose any conflicts if they arise throughout the year. CEO executive director top management comp Part VI line 15a The Board decides Executive Director compensation bench marked against similar roles in other local organizations, the Organizations finances and Executive Director performance. Governing documents etc available to public Part VI line 19 No documents available to the public. Audited by an independent accountant Part XII line 2b The Organization has not changed either its oversight process or selection process during the tax year. List of other fees for services expenses Part IX line 11g Consulting Services: $16,197Development Services: $1,781Honoraria: $1,100Internship: $2,890Professional Services: $4,588Scholar Expenses: $71,636