Scholar Fund is a Seattle-based nonprofit organization operating under the name Scholarship Junkies. Founded in 2012, the organization functions as a civic and social organization dedicated to cultivating, maintaining, and spreading positive impact through technology-driven solutions. The organization employs 13 people and is headquartered at 300 Lenora Street, PMB 1750, Seattle, WA 98121.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$5.2M
-69.6% YoY
Annual Giving
$23.1M
Grant Count
535
Avg Grant Size
$43K
Mission & Focus Areas
Scholar Fund's mission is to help cultivate, maintain, and spread positive impact. Through technology, the organization centers community in an effort to understand needs and drive real-time scalable change.
The organization's primary work areas include:
College Access and Debt-Free Education: The organization has helped over 13,000 students access college and win more than $100 million in scholarships, and assists students in finding employment aligned with their goals.
Cash Assistance and Relief Funds: Scholar Fund has raised and deployed over $145 million in cash assistance to individuals and small businesses, with efforts underway to raise an additional $378 million.
Community Development and Nonprofit Growth: The organization has refined lessons in fundraising, technology, and administration to create playbooks for other nonprofits to scale their operations.
Funding focus areas include Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
Grantmaking
Scholar Fund's grant-making activity reflects significant scale. Typical awards range from $5,036 to $1,313,081. The organization has a total giving record of $39,151,442 based on recent IRS Form 990 filings.
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Geographic Focus
Where this funder awards grants
Scholar Fund primarily focuses its grantmaking in Washington, Massachusetts, and Illinois.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Revenue:
- Total assets: $5,238,927 (most recent filing)
- Annual revenue: $3,258,942
- Total giving: $39,151,442
Historical Financial Data (2022):
- Revenue: $6.36 million
- Expenses: $6.11 million
- Total assets: $17.3 million
- Total liabilities: $14.2 million
The organization dedicates 97.24% of its budget to program expenses, demonstrating strong commitment to its mission delivery.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $5,238,927 | $17,258,076 | $5,638,279 |
| Revenue | $45,276,999 | $6,361,050 | $28,113,287 |
| Expenses | $45,725,910 | $6,106,819 | $26,734,697 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,712 | $168 | $334 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
Grant Size Distribution
50 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Paul Gentsch (Board Member)
- Julie Feng (Director of Communications)
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Coven | CEO | 40 | $270,400 |
| Brent Schroeter | Director of Engineering | 40 | $195,011 |
| Malachi Williams | Director of Operations | 40 | $175,160 |
| Mayzie Meng | Senior Software Engineer | 40 | $159,519 |
| Maria Alejandra Perez Guzman | Director of Education Strategy | 40 | $136,021 |
| Princess Shareef | Chairman | 1 | — |
| Eileen Robison | Secretary | 1 | — |
| Ana M Cauce | Director | 1 | — |
| Paul Gentsch | Treasurer | 1 | — |
| Rachel Lauter | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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