Overview
What is Cincinnati Scholarship Foundation?
The Cincinnati Scholarship Foundation is a nonprofit organization situated in Cincinnati, Ohio, specifically at 324 E 4th St. Established with the objective of fostering cultural and educational advancement, it has been granting scholarships to deserving students from Hamilton County high schools since 1989. To date, the foundation has awarded over $35,949,920 to approximately 30,359 students, aiming to support their higher education at accredited, non-proprietary colleges or universities. The foundation accepts donations and educational funds, adhering to the donor's specific restrictions and requirements. Its primary mission is to enhance college attendance and success for students in the Greater Cincinnati area. The organization currently employs a team of 3 dedicated individuals.
Official website here: www.cincinnatischolarshipfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Stars
The Cincinnati Scholarship Foundation (CSF) has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in impact measurement with a perfect score and a decent accountability and finance score. The organization is noted for effectively utilizing its funds, achieving a program expense ratio of nearly 89%, indicating a commitment to directly supporting scholarship recipients. The presence of a predominantly independent board and comprehensive policies further enhances its operational transparency.
User feedback, however, presents a mixed picture. While many reviews highlight positive experiences with the foundation’s scholarship management and supportive staff, there are significant concerns raised regarding the professionalism of its leadership. Some users have reported issues with trust and communication, suggesting that the organization may need to address internal management practices and enhance its engagement with stakeholders.
Despite these criticisms, the overall sentiment from a substantial number of donors and recipients remains positive, emphasizing the foundation's vital role in providing educational opportunities to students in the Cincinnati area. The contrasting reviews illustrate a need for improvement in leadership dynamics while underscoring the foundation's strong impact on the community through its scholarship programs.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Cincinnati Scholarship Foundation?
88% of reviewers recommend the Cincinnati Scholarship Foundation. Here is a summary of their reviews:
Many supporters praise the organization for its effectiveness and commitment to student-centered scholarship programs. The foundation has a long history of serving the Greater Cincinnati community for nearly 100 years, providing crucial support to students from various backgrounds. Reviewers highlight the positive impact that donations and sponsorships have on students' educational journeys.
One noted alum emphasizes the tangible benefits they received as a scholarship recipient, reinforcing the foundation's reputation for delivering on its promises. Overall, the sentiments expressed reflect trust and confidence in the Cincinnati Scholarship Foundation's mission to promote educational opportunities for all students in the area.
This AI summary has been generated from reviews found on Facebook.
Is Cincinnati Scholarship Foundation legitimate?
Cincinnati Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincinnati 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: $168,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,329
For more financial information, click here
Official website here: www.cincinnatischolarshipfoundation.org
What is the mission statement of Cincinnati Scholarship Foundation?
The Cincinnati Scholarship Foundation's primary mission is to boost college attendance and success among students from the greater Cincinnati area. They accomplish this by managing scholarships on behalf of individuals, businesses, and organizations for graduates of any Hamilton County high school who are enrolled in an accredited, non-proprietary college or university. The foundation awards these scholarships and manages any educational funds, adhering to the specific restrictions or requirements set by the donors. They also collect and receive fees, gifts, donations, and bequests, and carry out various activities that, in the judgment of their trustees, will further promote these objectives.
Official website here: www.cincinnatischolarshipfoundation.org
What is the revenue of Cincinnati Scholarship Foundation?
Cincinnati Scholarship Foundation's revenue in 2023 was $1,829,317.
Official website here: www.cincinnatischolarshipfoundation.org
Who are the executives of Cincinnati Scholarship Foundation and what are their salaries?
The average compensation at Cincinnati Scholarship Foundation during 2023 was $48,236. There are 5 employees at Cincinnati Scholarship Foundation.
Here are 15 key members and their salaries:
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- Other: $6,103
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Official website here: www.cincinnatischolarshipfoundation.org
Where can I find the form 990 for Cincinnati Scholarship Foundation?
Cincinnati Scholarship Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cincinnatischolarshipfoundation.org
Learn more at the official website: www.cincinnatischolarshipfoundation.org
Mission Statement of Cincinnati Scholarship Foundation
The Cincinnati Scholarship Foundation, as a charitable organization, is committed to elevating the college attainment and success of students residing in the greater Cincinnati area. To achieve this, the foundation administers scholarships on behalf of various individuals, businesses, and organizations. These scholarships are awarded to graduates of any Hamilton County high school, who then proceed to attend an accredited, non-proprietary college or university. In addition, the foundation accepts and manages any educational funds in accordance with the specific restrictions or requirements set forth by the donor. The Cincinnati Scholarship Foundation also collects and receives fees, gifts, donations, and bequests, and carries out any activities that, in the judgment of its trustees, will further promote these objectives. Overall, the mission of the Cincinnati Scholarship Foundation is to empower local students by providing them with financial assistance and resources to pursue higher education.
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Impact
October, 2024
The Cincinnati Scholarship Foundation significantly boosts college attainment and success among students in the Greater Cincinnati area. Since its inception in 1989, the Foundation has awarded over $35.9 million in scholarships to more than 30,000 graduates from Hamilton County high schools, making higher education more accessible for financially needy and deserving students.
By managing scholarships on behalf of individual donors, businesses, and organizations, the Foundation plays a vital role in promoting educational advancement. It accepts and administers educational funds according to specific donor requirements, ensuring that resources are used effectively to address the diverse needs of students. The impact of the Cincinnati Scholarship Foundation not only enhances the educational landscape but also empowers students to achieve their academic and career aspirations, fostering a more educated and capable community.
This information is meant to be a general summary of Cincinnati 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: $100,383
- Gross Receipts: $3,212,614
Assets and Liabilities:
- Total Assets: $5,326,854
- Total Liabilities: $12,257
- Net Assets: $5,314,597
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Organization Details
Founding Year
1918
Principal Officer
Whitney O'Neal
NTEE Category
Code: B82 - Education
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