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Maine Children's Scholarship Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010537569 ✦ Unity, ME ✦ Designated as a 501(c)(3)

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Overview

What is Maine Children's Scholarship Fund?

The Maine Children's Scholarship Fund (MCSF) is a nonprofit organization located in Unity, Maine. With a single employee, its primary mission is to broaden the educational prospects and encourage parental engagement for children from low-income families. In pursuit of this goal, MCSF provides financial assistance in the form of tuition to eligible students, selected through a random process, based on income guidelines. The organization's accomplishments for the year primarily revolved around this initiative.


Official website here: www.mecsf.org

Is Maine Children's Scholarship Fund legitimate?

Maine Children's Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Children's Scholarship Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $27,488
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mecsf.org

What is the mission statement of Maine Children's Scholarship Fund?

The Maine Children's Scholarship Fund (MCSF) is dedicated to expanding the educational prospects and fostering parental involvement for children from low-income families. Their mission is multifaceted, with a focus on enhancing educational opportunities and encouraging active participation of parents in their children's education. The organization's achievements in the recent year included offering tuition assistance to students who met their income criteria and were selected through a random selection process.


Official website here: www.mecsf.org

Who is the CEO of Maine Children's Scholarship Fund?

Kari Hunt is the President of Maine Children's Scholarship Fund.


Official website here: www.mecsf.org

What is the revenue of Maine Children's Scholarship Fund?

Maine Children's Scholarship Fund's revenue in 2022 was $110,331.


Official website here: www.mecsf.org

Who are the executives of Maine Children's Scholarship Fund and what are their salaries?

The average compensation at Maine Children's Scholarship Fund during 2022 was $27,488. There is 1 employee at Maine Children's Scholarship Fund.


Here are 4 key members and their salaries:


Betsy Chapman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Dowling (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helen Crowley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kari Hunt (Program Dire)
  • Compensation: $27,488
  • Related: $0
  • Other: $0


Official website here: www.mecsf.org

Where can I find the form 990 for Maine Children's Scholarship Fund?

Maine Children's Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mecsf.org

Learn more at the official website: www.mecsf.org

Mission Statement of Maine Children's Scholarship Fund

Maine Children's Scholarship Fund, abbreviated as MCSF, is committed to expanding the educational prospects and fostering greater parental involvement for children from low-income families. Their mission is twofold: firstly, they aim to bolster the educational opportunities available to these children, and secondly, they strive to enhance parental involvement in their children's education. By doing so, MCSF seeks to make a significant impact on the lives of these children and provide them with the foundation they need to succeed in their future endeavors.

In order to achieve their mission, MCSF provides tuition assistance to eligible students who meet their income guidelines, selecting them through a random selection process. This financial aid not only opens up educational opportunities for these children but also allows their parents to play a more active role in their children's education, thereby promoting a collaborative learning environment. By focusing on both educational opportunities and parental involvement, MCSF aims to create a more conducive learning environment for children from low-income families, setting them up for a brighter future.

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Impact




October, 2024

The Maine Children's Scholarship Fund significantly enhances educational opportunities for children from low-income families by providing scholarships that allow access to quality education. By offering financial assistance, the Fund enables families to select schools that best align with their educational values and needs, fostering greater parental involvement in their children's academic journeys. The Fund’s accomplishment of providing tuition support to selected students not only alleviates the financial burden on families but also promotes equity in education, ensuring that more children have the chance to succeed academically. This initiative creates a ripple effect, as empowered families become more engaged in their children's education, leading to a stronger community and brighter futures for the children involved.




This information is meant to be a general summary of Maine Children's Scholarship Fund. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$110,331 (2022)
Expenses
$181,323 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $108,588
  • Gross Receipts: $264,715

Assets and Liabilities:

  • Total Assets: $1,514,842
  • Total Liabilities: $0
  • Net Assets: $1,514,842

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Organization Details

Founding Year

2000

Principal Officer

Kari Hunt

Main Address

PO BOX 513, UNITY, ME, 04988

NTEE Category

Code: B82 - Education

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