Overview
What is The Childrens Scholarship Fund?
The Children's Scholarship Fund (CSF) is a nonprofit organization based in New York City that has been providing educational opportunities for low-income families since 1998. In fiscal year 2023, over 26,500 children in the US benefited from CSF's scholarships and those of its partner programs. These children, who come from low-income families, were able to attend the private school of their choice, thanks to the generosity of donors and the efforts of scholarship programs in 23 communities. CSF's mission is to support children in grades K-8 by offering tuition assistance and advocating for expanded educational opportunities. Since its founding, CSF has helped over 200,750 children from low-income families with more than $989 million in tuition assistance. The organization, which employs 23 individuals, has a significant impact on children's lives by providing them with the education their families desire. CSF's activities aim to level the educational playing field, ensuring that children from low-income families have access to the same opportunities as their more affluent peers.
Official website here: www.scholarshipfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Children's Scholarship Fund (CSF) has achieved a remarkable 100% rating from Charity Navigator, reflecting its exceptional accountability and financial management. The organization demonstrates strong governance with a majority (92%) of independent board members and effective oversight mechanisms. CSF's impressive program expense ratio of 92.80% indicates that a significant portion of funds directly supports its scholarship programs, enhancing accessibility to quality education for low-income families.
User feedback overwhelmingly praises CSF for its impactful services that enable children to attend private and Catholic schools, which many families would otherwise find unaffordable. Recipients express gratitude for the life-changing opportunities afforded to their children, highlighting the positive academic and personal developments that have resulted from the scholarships. The organization is recognized for its smooth application process and responsive communication, further enhancing its reputation in the community.
While the feedback is predominantly positive, a few users mention minor difficulties with the document submission process. However, these challenges do not overshadow the overall effectiveness and importance of CSF's initiatives in providing educational opportunities to children in need. Overall, the Children's Scholarship Fund is highly regarded for its dedication to improving educational access for families facing financial hardships.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The Childrens Scholarship Fund?
94% of reviewers on Facebook recommend The Children's Scholarship Fund. Here is a summary of their reviews:
Many parents express gratitude for the financial assistance provided by the organization, highlighting the positive impact it has had on their children's education. One reviewer specifically mentioned how their son loves attending Sacred Heart School Highbridge, underscoring the happiness and satisfaction that comes from being able to afford quality schooling.
Overall, the sentiment suggests strong approval for the resources and opportunities that The Children's Scholarship Fund offers, as it plays a vital role in helping families access education they value.
This AI summary has been generated from reviews found on Facebook.
Is The Childrens Scholarship Fund legitimate?
The Childrens Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Childrens 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: $1,065,174
Professional Fundraising Fees: $43,334
Other Salaries and Wages: $1,231,011
For more financial information, click here
Official website here: www.scholarshipfund.org
What is the mission statement of The Childrens Scholarship Fund?
The Children's Scholarship Fund (CSF) is a non-profit organization dedicated to helping children from low-income families access educational opportunities in grades K-8. Through scholarships awarded by CSF and its partners, nearly 26,500 children in the US received tuition assistance in fiscal year 2023. Since its founding in 1998, over 200,750 children have benefited from this program, enabling them to attend private schools of their choice. CSF's mission extends beyond tuition assistance, as it also advocates for expanding educational opportunities for all children. Its efforts have positively impacted the lives of countless families, granting them the chance to secure a better future for their children through quality education.
Official website here: www.scholarshipfund.org
Who is the CEO of The Childrens Scholarship Fund?
Darla Romfo is the Principal Officer of The Childrens Scholarship Fund. The CEO's salary of The Childrens Scholarship Fund is $328,810 and their total compensation is $362,009.
Official website here: www.scholarshipfund.org
What is the revenue of The Childrens Scholarship Fund?
The Childrens Scholarship Fund's revenue in 2023 was $25,015,263.
Official website here: www.scholarshipfund.org
Who are the executives of The Childrens Scholarship Fund and what are their salaries?
The average compensation at The Childrens Scholarship Fund during 2023 was $99,834. There are 23 employees and 105 volunteers at The Childrens Scholarship Fund.
Here are 19 key members and their salaries (The Childrens Scholarship Fund's CEO's salary is $328,810 and their total compensation is $362,009):
- Compensation: $328,810
- Related: $0
- Other: $33,199
- Compensation: $224,095
- Related: $0
- Other: $29,354
- Compensation: $185,442
- Related: $0
- Other: $10,183
- Compensation: $149,813
- Related: $0
- Other: $21,877
- Compensation: $108,473
- Related: $0
- Other: $19,773
- Compensation: $104,797
- Related: $0
- Other: $6,036
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Official website here: www.scholarshipfund.org
Where can I find the form 990 for The Childrens Scholarship Fund?
The Childrens Scholarship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scholarshipfund.org
Learn more at the official website: www.scholarshipfund.org
Mission Statement of The Childrens Scholarship Fund
The Children's Scholarship Fund (CSF) is a nonprofit organization that strives to provide children from low-income families with the educational opportunities they deserve. With a mission to support these children in grades K-8, CSF has been a beacon of hope for over 200,750 kids since its inception in 1998.
Through the generosity of donors and the efforts of scholarship programs in 23 communities, CSF has managed to award nearly $989 million in tuition assistance. In fiscal year 2023 alone, this fund touched the lives of approximately 26,500 children, enabling them to attend the private schools of their choice.
The significance of CSF lies in its commitment to expanding educational opportunities for all children, not just the fortunate few. By providing tuition assistance, CSF empowers families to make informed decisions about their children's education, ensuring they have access to the best possible learning environment. With CSF's unwavering support, children from low-income families can confidently pursue their academic goals and reach their full potential.
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Impact
October, 2024
The Children's Scholarship Fund (CSF) significantly enhances educational opportunities for children from low-income families by providing vital tuition assistance for grades K-8. In fiscal year 2023 alone, nearly 26,500 children across the United States were able to attend private schools of their choice thanks to the scholarships awarded by CSF and its partner programs. This impact extends beyond just funding; it aligns with the aspirations of families seeking quality education for their children.
Since its inception in 1998, CSF has aided nearly 200,750 children, channeling over $989 million in tuition assistance. By empowering families with the ability to choose their educational paths, CSF is not only fostering academic achievement but also helping to break the cycle of poverty through education. The commitment of donors and the dedicated efforts of scholarship programs in 23 communities are crucial components in this transformative initiative, shaping the educational journey for countless children.
This information is meant to be a general summary of The Childrens 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $984,796
- Program Service Revenue: $1,138,185
- Gross Receipts: $25,092,669
Assets and Liabilities:
- Total Assets: $40,912,471
- Total Liabilities: $5,870,138
- Net Assets: $35,042,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
New Hampshire EFA administration
Revenue
$1,136,685
Program training
Revenue
$1,500
Organization Details
Founding Year
1998
Phone
(212) 515-7100Principal Officer
Darla Romfo
Main Address
8 West 38th St 8th Floor, New York, NY, 10018
Website
www.scholarshipfund.orgNTEE Category
Code: B820 - Education
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