Overview
What is Denver Scholarship Foundation?
The Denver Scholarship Foundation (DSF) is a nonprofit organization based in Denver, Colorado. Their primary mission is to empower Denver Public School students to enroll in and graduate from higher education institutions by providing them with essential tools, knowledge, and financial resources. DSF achieves this by awarding need-based scholarships to Denver Public School graduates who enroll in any of the 31 postsecondary institutional partners in Colorado, including universities, community colleges, and technical colleges. This year, DSF granted over 7 million dollars in scholarships to more than 2,000 scholars. These scholarships are promise-based, ensuring that every eligible student who meets DSF's requirements receives the scholarship for up to four years, depending on the type of college they attend. The organization, with a team of 98 employees, has inspired and empowered many Denver Public School students to pursue their higher education goals.
Official website here: www.denverscholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
The Denver Scholarship Foundation has received a 100% score from Charity Navigator, indicating strong performance across various evaluation metrics. The organization excels in both Accountability & Finance and Impact & Measurement, with scores of 100 in these categories, reflecting its commitment to transparency and effectiveness in utilizing funds to support scholarship recipients.
With a program expense ratio of 79.68%, the foundation allocates a significant portion of its funds directly to its programs, ensuring that resources are directed towards making a meaningful impact. Additionally, the fundraising efficiency ratio of $0.08 shows that the foundation is cost-effective in its fundraising efforts, allowing more funds to reach those in need.
The foundation's impact evaluation score of 100 points demonstrates its successful outcomes, with reports indicating that for every $1 spent, scholarship recipients see an increase in income of over $1.25. However, while the financial metrics are strong, the organization should continuously assess and adapt its strategies to maintain this level of impact and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Denver Scholarship Foundation legitimate?
Denver Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Denver Scholarship Foundation 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: $612,112
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,741,074
For more financial information, click here
Official website here: www.denverscholarship.org
What is the mission statement of Denver Scholarship Foundation?
The Denver Scholarship Foundation empowers students from Denver Public Schools to enroll in and graduate from institutions of higher education. Through the provision of tools, knowledge, and financial resources, DSF inspires students to succeed in their post-secondary journey. The organization awards need-based scholarships to DPS graduates attending any of the 31 institutional partners in Colorado, which include universities, community colleges, and technical colleges. These scholarships are promise-based, ensuring that eligible students receive the scholarship for up to four years, depending on the type of college they attend. In 2022, the Denver Scholarship Foundation awarded over 7 million dollars in scholarships to over 2,000 scholars.
Official website here: www.denverscholarship.org
Who is the CEO of Denver Scholarship Foundation?
Lorii Rabinowitz is the Ceo of Denver Scholarship Foundation. The CEO's salary of Denver Scholarship Foundation is $220,636 and their total compensation is $237,888.
Official website here: www.denverscholarship.org
What is the revenue of Denver Scholarship Foundation?
Denver Scholarship Foundation's revenue in 2023 was $15,186,838.
Official website here: www.denverscholarship.org
Who are the executives of Denver Scholarship Foundation and what are their salaries?
The average compensation at Denver Scholarship Foundation during 2023 was $54,624. There are 98 employees and 50 volunteers at Denver Scholarship Foundation.
Here are 40 key members and their salaries (Denver Scholarship Foundation's CEO's salary is $220,636 and their total compensation is $237,888):
- Compensation: $220,636
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- Other: $17,252
- Compensation: $171,803
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- Other: $9,618
- Compensation: $150,433
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- Other: $15,721
- Compensation: $120,770
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- Other: $12,197
- Compensation: $130,865
- Related: $0
- Other: $14,587
- Compensation: $112,666
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Official website here: www.denverscholarship.org
Where can I find the form 990 for Denver Scholarship Foundation?
Denver Scholarship Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.denverscholarship.org
Learn more at the official website: www.denverscholarship.org
Mission Statement of Denver Scholarship Foundation
The Denver Scholarship Foundation (DSF) is a nonprofit organization that empowers Denver Public School (DPS) students to enroll in and graduate from post-secondary institutions of higher education. With a mission to inspire and equip DPS students, DSF provides them with the necessary tools, knowledge, and financial resources for success.
DSF awards need-based scholarships to DPS graduates who enroll in any one of their 31 institutional partners in Colorado. These partners include universities, community colleges, and technical colleges. Scholarships granted by DSF are promise-based, meaning that every DPS student who meets the eligibility criteria and all DSF requirements, entering and while attending college, receives the scholarship for up to four years. Over 2,000 students, known as DSF scholars, have received scholarships worth over 7 million dollars this year. This support enables students to focus on their education and reach their goals, without the added financial burden of tuition.
By offering scholarships, DSF plays a crucial role in the lives of DPS graduates. The organization believes that every student deserves the opportunity to pursue higher education, regardless of their financial background. DSF's commitment extends beyond just financial aid, as it also offers support and guidance throughout the college application process and beyond. This comprehensive approach ensures that students have the best possible chance of success as they embark on their academic journey.
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Impact
October, 2024
The Denver Scholarship Foundation significantly enhances educational opportunities for Denver Public School students by providing need-based scholarships to those who graduate and enroll in any of its 31 partner postsecondary institutions in Colorado. In the past year alone, the foundation awarded over $7 million in scholarships to more than 2,000 scholars.
These promise-based scholarships ensure that eligible DPS students receive financial support for up to four years, contingent on their continued enrollment at college. This initiative not only alleviates financial barriers to higher education but also empowers students through the provision of essential tools and knowledge to support their academic journeys. Ultimately, the Denver Scholarship Foundation plays a crucial role in inspiring and equipping students to successfully enroll in and graduate from institutions of higher education, fostering greater educational attainment within the community.
This information is meant to be a general summary of Denver Scholarship Foundation. 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: $39,877
- Gross Receipts: $16,395,577
Assets and Liabilities:
- Total Assets: $37,445,731
- Total Liabilities: $2,252,815
- Net Assets: $35,192,916
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Organization Details
Founding Year
2006
Phone
(303) 951-4140Principal Officer
Lorii Rabinowitz
Main Address
789 SHERMAN STREET SUITE 610, DENVER, CO, 80203
Website
www.denverscholarship.orgNTEE Category
Code: B99 - Education
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