Overview
What is Scholarshot?
Scholarshot is a nonprofit organization situated in Dallas, Texas at 2904 SWISS AVENUE. Their primary mission is to support disadvantaged students by offering mentoring, training, tutoring, and financing for their higher education pursuits. With a staff of nine dedicated individuals, Scholarshot aims to provide financial assistance and guidance to qualified candidates, contributing to their educational growth and success.
Official website here: www.scholarshot.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Scholarshot has received a solid 85% rating from Charity Navigator, reflecting a commendable level of accountability and financial health. The organization boasts a strong Accountability & Finance Score of 92, indicating rigorous oversight and transparency in its operations. Notably, it has achieved full marks in several key areas, including its financial statements audit and conflict of interest policies, which showcases its commitment to ethical practices.
The charity demonstrates a high program expense ratio of 85.96%, suggesting a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization has a favorable liabilities to assets ratio of 41.14%, indicating a strong financial position. The Impact & Measurement Score of 80 further highlights Scholarshot's capacity to evaluate and measure its effectiveness in fulfilling its mission.
However, while the overall rating is strong, the Impact Evaluation score of 80 out of 100 suggests there may be room for improvement in how the organization assesses its outcomes. Overall, Scholarshot appears to be a trustworthy nonprofit making a positive impact, although there may be opportunities to enhance its measurement practices.
This AI summary has been generated from information found on Charity Navigator.
Is Scholarshot legitimate?
Scholarshot is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarshot 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: $185,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $412,010
For more financial information, click here
Official website here: www.scholarshot.org/
What is the mission statement of Scholarshot?
Scholarshot, as a charitable and educational organization, is dedicated to providing financial assistance and counseling to qualified students who are disadvantaged. Their mission is to help these students pursue higher education by offering mentoring, training, tutoring, and financial aid. Their primary goal is to empower these students, ensuring they have the necessary support to overcome their challenges and achieve their academic aspirations. Scholarshot's activities aim to bridge the gap in educational opportunities, providing a stepping stone for disadvantaged students to access higher education and build a better future for themselves.
Official website here: www.scholarshot.org/
Who is the CEO of Scholarshot?
Dan Hooper is the Finance, Vice Chair of Scholarshot.
Official website here: www.scholarshot.org/
What is the revenue of Scholarshot?
Scholarshot's revenue in 2022 was $1,283,608.
Official website here: www.scholarshot.org/
Who are the executives of Scholarshot and what are their salaries?
The average compensation at Scholarshot during 2022 was $66,334. There are 9 employees and 40 volunteers at Scholarshot.
Here are 16 key members and their salaries:
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Official website here: www.scholarshot.org/
Where can I find the form 990 for Scholarshot?
Scholarshot's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scholarshot.org/
Learn more at the official website: www.scholarshot.org/
Mission Statement of Scholarshot
Scholarshot, a nonprofit organization, is dedicated to charitable and educational purposes. Its primary mission is to extend financial aid and counseling to qualifying candidates, aiming to aid disadvantaged students in pursuing higher education. Beyond financial assistance, Scholarshot also provides essential mentoring, training, and tutoring services to these students, ensuring they have the necessary support to succeed academically. By offering such comprehensive resources, Scholarshot seeks to empower these students, enabling them to overcome obstacles and reach their full potential in higher education.
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Impact
October, 2024
Scholarshot significantly impacts disadvantaged students by offering essential mentoring, training, tutoring, and financial assistance tailored to help them navigate the path to higher education. Located in Dallas, TX, Scholarshot's mission is to empower qualified candidates through structured support and guidance, enabling them to pursue their educational aspirations despite financial and social barriers. By providing access to resources and personalized counseling, Scholarshot fosters academic achievement and promotes long-term success, ultimately transforming the lives of students and their communities.
This information is meant to be a general summary of Scholarshot. 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: $908
- Gross Receipts: $1,283,608
Assets and Liabilities:
- Total Assets: $385,838
- Total Liabilities: $158,758
- Net Assets: $227,080
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Organization Details
Founding Year
2009
Phone
(214) 540-4332Principal Officer
Dan Hooper
Main Address
2904 SWISS AVENUE, DALLAS, TX, 75204
Website
www.scholarshot.org/NTEE Category
Code: B82 - Education
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