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Scholarships To Economically Poor Students

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

EIN: 205059603 ✦ Providence, RI ✦ Designated as a 501(c)(3)

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Overview

What is Scholarships To Economically Poor Students?

Scholarships To Economically Poor Students, abbreviated as STEPS, is a nonprofit organization situated in Providence, Rhode Island. Its primary mission is to offer educational scholarships to economically disadvantaged students attending private schools. This initiative was made possible due to recently enacted legislation in Rhode Island, allowing corporations to enjoy tax benefits by supporting such non-profit organizations. STEPS accepts contributions from local corporations with the goal of providing opportunities for underprivileged children to pursue their education.

Is Scholarships To Economically Poor Students legitimate?

Scholarships To Economically Poor Students is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarships To Economically Poor Students 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Scholarships To Economically Poor Students?

The mission of Scholarships To Economically Poor Students is centered around providing educational scholarships for indigent children. This non-profit organization aims to support students attending private schools who are financially disadvantaged. Through its activities, it accepts contributions from corporations, offering these corporations tax benefits for supporting an organization specifically dedicated to this cause. The scholarship fund aims to make education accessible to children who might otherwise be unable to afford it, thereby contributing to their future and personal development.

Who is the CEO of Scholarships To Economically Poor Students?

Daniel Corley is the President of Scholarships To Economically Poor Students.

What is the revenue of Scholarships To Economically Poor Students?

Scholarships To Economically Poor Students's revenue in 2022 was $211,908.

Who are the executives of Scholarships To Economically Poor Students and what are their salaries?


Here are 4 key members and their salaries:


Daniel Corley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Wolf (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Kelly (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maura Farrell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Scholarships To Economically Poor Students?

Scholarships To Economically Poor Students's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Scholarships To Economically Poor Students

Scholarships To Economically Poor Students, often referred to as STEP, is a non-profit organization that has been established with a mission to provide educational scholarships for indigent children. This mission is aimed at supporting economically disadvantaged students who attend private schools. Corporations in Rhode Island have the opportunity to contribute to this cause and enjoy tax benefits as a result of the recently enacted legislation in the state. By providing these scholarships, STEP aims to contribute to the education of children who may otherwise not have the financial means to attend private schools. This initiative is an important step towards ensuring equal educational opportunities for all children, regardless of their financial background.

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Impact




October, 2024

The impact of Scholarships To Economically Poor Students is significant in promoting educational equity and access for disadvantaged children. By providing educational scholarships, the organization enables students from economically poor backgrounds to attend private schools, fostering an environment where they can thrive academically and socially.

These scholarships not only alleviate the financial burden on families but also empower children to benefit from quality education that they might not otherwise afford. This initiative contributes to breaking the cycle of poverty by equipping students with better educational opportunities, ultimately enhancing their future prospects and community contributions.

Moreover, the organization's collaboration with corporations in Rhode Island creates a mutually beneficial partnership, allowing businesses to fulfill their corporate social responsibility while financially supporting students. The tax benefits offered to these corporations incentivize contributions, leading to a sustainable funding model for scholarships. As a result, the program not only transforms individual lives but also strengthens the educational landscape of the community, promoting long-term societal growth and development.




This information is meant to be a general summary of Scholarships To Economically Poor Students. 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
$211,908 (2022)
Expenses
$209,709 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $211,908

Assets and Liabilities:

  • Total Assets: $4,995
  • Total Liabilities: $0
  • Net Assets: $4,995

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Organization Details

Founding Year

2007

Principal Officer

Daniel Corley

Main Address

135 PRAIRIE AVENUE, PROVIDENCE, RI, 02905

NTEE Category

Code: B82 - Education

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