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School Fund

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

EIN: 264134728 ✦ Palo alto, CA ✦ Designated as a 501(c)(3)

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Overview

What is School Fund?

School Fund, based in Palo Alto, California, is a nonprofit organization dedicated to empowering high-potential students in seven developing countries across three continents. By collaborating with twelve NGO partners, School Fund identifies and supports financially disadvantaged students, providing scholarships and covering their educational expenses. The organization operates a person-to-person funding website, where donors can directly contribute to students' profiles and track the use of funds, fostering a transparent and engaging experience. Through its efforts, School Fund enhances access to secondary education for these students, contributing to a more educated and interconnected global community.


Official website here: www.theschoolfund.org

Is School Fund legitimate?

School Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. School 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: $52,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.theschoolfund.org

What is the mission statement of School Fund?

The mission of The School Fund is to offer scholarships to academically gifted students in economically disadvantaged regions of the developing world. This is made possible through the support of generous donors and a network of education partners. By providing these scholarships, The School Fund enables more students to attend and complete secondary education. This, in turn, contributes to a more educated and interconnected global community. The organization's work focuses on empowering these students, thereby fostering a world with equitable opportunities for education.


Official website here: www.theschoolfund.org

Who is the CEO of School Fund?

Matt Severson is the Chair of School Fund.


Official website here: www.theschoolfund.org

What is the revenue of School Fund?

School Fund's revenue in 2022 was $189,168.


Official website here: www.theschoolfund.org

Who are the executives of School Fund and what are their salaries?

The average compensation at School Fund during 2022 was $52,000. There is 1 employee and 9 volunteers at School Fund.


Here are 10 key members and their salaries:


Timothy Mckenna (Executive Director)
  • Compensation: $52,000
  • Related: $0
  • Other: $52,000
Dan Barritt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mohamed O Mohamed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francesca Nicoletti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abena Nyantekyi-Owusu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denis Severson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Xenidou (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Davis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Perrault (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Severson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.theschoolfund.org

Where can I find the form 990 for School Fund?

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


Official website here: www.theschoolfund.org

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

Mission Statement of School Fund

The School Fund, a nonprofit organization, is dedicated to supporting high-potential students in developing countries who are economically disadvantaged and cannot afford to attend school. By leveraging the generous contributions of its supporters and collaborating with a network of education partners, The School Fund offers scholarships to these students, enabling them to access and complete secondary education. This mission, in turn, contributes to a more educated and interconnected world, fostering a positive impact on global development.

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Impact




October, 2024

School Fund significantly enhances educational opportunities for high-potential students in developing countries by providing scholarships and covering educational expenses. In 2022 alone, it granted scholarships to 264 needy secondary school students across seven countries on three continents. By partnering with twelve NGOs, School Fund identifies deserving students and ensures a tailored approach to meet their specific educational needs.

The impact of these scholarships extends beyond simply increasing enrollment; it leads to higher completion rates in secondary education, paving the way for more educated individuals who can contribute positively to their communities. This effort fosters a more interconnected world, as educated students are better equipped to engage in global dialogue and drive local change.

Moreover, School Fund's innovative online platform allows for transparent and direct communication between donors and students, creating a personal connection and enhancing accountability. Through this platform, donors can view student profiles and track funding needs, which not only builds trust but also encourages continued support for the cause.

Overall, School Fund is making a profound difference in the lives of economically disadvantaged students, enabling them to realize their potential and positively impact their societies.




This information is meant to be a general summary of School 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
$189,168 (2022)
Expenses
$203,480 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $99
  • Gross Receipts: $189,168

Assets and Liabilities:

  • Total Assets: $232,066
  • Total Liabilities: $0
  • Net Assets: $232,066

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Organization Details

Founding Year

2008

Principal Officer

Matt Severson

Main Address

455 Coleridge Avenue, Palo Alto, CA, 94301

NTEE Category

Code: Q123 - International

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