Overview
What is Core Philly Charitable Trust 2098-00-11?
Core Philly Charitable Trust 2098-00-11 is a nonprofit organization based in Philadelphia, Pennsylvania. Its primary mission is to raise funds through an endowment for a long-term program that provides college scholarships to graduating students from Philadelphia's public, parochial, and private high schools. The program, Phila College Opportunity, aims to bridge the gap between the overall educational costs and the funds available from the students, their families, and institutional and governmental programs, focusing on students of lower-middle income. The trust achieves its purpose by making contributions to Phila College Opportunity Resources for Education (CORE Philly), a Pennsylvania nonprofit corporation.
Is Core Philly Charitable Trust 2098-00-11 legitimate?
Core Philly Charitable Trust 2098-00-11 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Core Philly Charitable Trust 2098-00-11 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: $20,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Core Philly Charitable Trust 2098-00-11?
The Core Philly Charitable Trust 2098-00-11 aims to raise funds for a long-term endowment program that provides college scholarships to graduating students from Philadelphia's public, parochial, and private high schools. This program is intended to be broad-based, focusing on funding the common gap between the total educational costs and the funds available from the student, their family, and institutional and governmental programs. The trust primarily considers financial need as the criterion for awarding scholarships. It anticipates achieving its purpose by making contributions to Philadelphia College Opportunity Resources for Education (CORE Philly), a Pennsylvania nonprofit corporation that presents various educational opportunities.
Who is the CEO of Core Philly Charitable Trust 2098-00-11?
Unavailable
What is the revenue of Core Philly Charitable Trust 2098-00-11?
Core Philly Charitable Trust 2098-00-11's revenue in 2022 was $259,661.
Who are the executives of Core Philly Charitable Trust 2098-00-11 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $20,900
- Related: $0
- Other: $0
Where can I find the form 990 for Core Philly Charitable Trust 2098-00-11?
Core Philly Charitable Trust 2098-00-11's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Core Philly Charitable Trust 2098-00-11
Core Philly Charitable Trust aims to generate funds for an endowment, supporting a program that provides college scholarships to graduating students from Philadelphia's public, parochial, and private high schools. This program is intended to be comprehensive, focusing on the financial gap that most students encounter, which is the difference between their educational expenses and the funds they have from personal resources, their families, and institutional and governmental programs. The Philadelphia public and parochial schools, as well as its private schools, have a significant number of lower middle-income students who face this financial gap. This need will serve as the primary criteria for awarding scholarships within the scholarship program. Core Philly Charitable Trust anticipates achieving its purpose by contributing to Philadelphia College Opportunity Resources for Education (CORE Philly), a Pennsylvania nonprofit corporation that presents various educational opportunities.
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Impact
October, 2024
Core Philly Charitable Trust 2098-00-11 has a significant impact on the educational landscape for graduating students in Philadelphia. By raising funds through an endowment, the trust supports a scholarship program specifically aimed at addressing the gap in funding that many lower middle-income students face when pursuing higher education.
With a focus on graduating residents from Philadelphia's public, parochial, and private high schools, the trust helps to alleviate the financial burdens associated with college expenses. Many students encounter a shortfall between the total cost of education and the financial resources available to them, which includes family support, institutional, and governmental funding. Core Philly Charitable Trust directly targets this deficiency, ensuring that deserving students have the opportunity to continue their education.
By contributing to the Philadelphia College Opportunity Resources for Education (CORE Philly), the trust not only fosters access to higher education but also empowers the local community. Its commitment to long-term support ensures that future generations of students will benefit from increased educational opportunities, ultimately contributing to a more educated and skilled workforce in Philadelphia.
This information is meant to be a general summary of Core Philly Charitable Trust 2098-00-11. 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 2022.
- Investment Income: $170,162
- Gross Receipts: $1,124,453
Assets and Liabilities:
- Total Assets: $4,657,824
- Total Liabilities: $0
- Net Assets: $4,657,824
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Organization Details
Founding Year
2006
Phone
(215) 419-6000Main Address
GLENMEDE TRUST CO NA 1650 MARKE, PHILADELPHIA, PA, 191037391
NTEE Category
Code: B82 - Education
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