Overview
What is Children's Scholarship Fund Baltimore?
Children's Scholarship Fund Baltimore (CSFB) is a nonprofit organization situated in Baltimore, Maryland. Their primary mission is to offer scholarships to low-income families, enabling them to choose a school that caters to their children's social, academic, emotional, and structural needs, regardless of factors such as gender, race, grades, test scores, ethnicity, or religious beliefs. With a 270% or below federal poverty level income eligibility requirement, CSFB provides financial assistance for kindergarten to 8th grade education. Families are expected to contribute a minimum of $500 annually per child in tuition and maintain a 90% attendance rate at school. CSFB currently assists hundreds of families, with over 900 students on their waiting list, making it the only non-profit organization in Baltimore City providing this type of scholarship.
Official website here: www.csfbaltimore.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star Rating)
Children's Scholarship Fund Baltimore has achieved a high rating of 98%, indicating strong performance in both accountability and impact measurement. The organization scored exceptionally well in accountability and finance, with a score of 96. This high rating is reflective of the charity's commitment to transparency, evidenced by a fully independent board and comprehensive financial oversight measures.
The charity showcases remarkable effectiveness, as evidenced by its perfect impact score of 100. This suggests that Children's Scholarship Fund Baltimore not only implements its programs efficiently but also effectively measures and communicates the outcomes of its initiatives. Notably, 78.13% of its expenses go directly to programs, demonstrating a strong focus on fulfilling its mission rather than administrative overhead.
However, there is a noted limitation: the organization lacks a whistleblower policy, which is an important aspect of governance and accountability. Despite this, the overall strengths significantly outweigh this issue, making Children's Scholarship Fund Baltimore a reliable choice for potential donors looking to support educational opportunities for children.
This AI summary has been generated from information found on Charity Navigator.
Is Children's Scholarship Fund Baltimore legitimate?
Children's Scholarship Fund Baltimore is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Scholarship Fund Baltimore 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: $99,471
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,963
For more financial information, click here
Official website here: www.csfbaltimore.org
What is the mission statement of Children's Scholarship Fund Baltimore?
The Children's Scholarship Fund Baltimore, in its mission, provides scholarships to low-income students in grades K-8, allowing them to attend the school of their parents' choice. This organization, regardless of gender, race, grades, test scores, ethnicity, or religious belief, awards scholarships to eligible families living below 270% of the federal poverty level. The families are required to contribute a minimum annual tuition of $500 per child, ensure a 90% attendance rate, and reside within the city. The Scholarship Fund believes in removing economic barriers for students and promoting their success in school and life, enabling them to develop critical academic and social skills. This non-profit organization, unique in Baltimore City, currently has a waiting list of over 900 students from 400 families.
Official website here: www.csfbaltimore.org
Who is the CEO of Children's Scholarship Fund Baltimore?
Erica Jensen is the Secretary of Children's Scholarship Fund Baltimore.
Official website here: www.csfbaltimore.org
What is the revenue of Children's Scholarship Fund Baltimore?
Children's Scholarship Fund Baltimore's revenue in 2022 was $748,707.
Official website here: www.csfbaltimore.org
Who are the executives of Children's Scholarship Fund Baltimore and what are their salaries?
The average compensation at Children's Scholarship Fund Baltimore during 2022 was $75,717. There are 2 employees at Children's Scholarship Fund Baltimore.
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- Compensation: $93,840
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- Other: $5,630
Official website here: www.csfbaltimore.org
Where can I find the form 990 for Children's Scholarship Fund Baltimore?
Children's Scholarship Fund Baltimore's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.csfbaltimore.org
Learn more at the official website: www.csfbaltimore.org
Mission Statement of Children's Scholarship Fund Baltimore
Children's Scholarship Fund Baltimore, a non-profit organization, is committed to providing scholarships to low-income students in grades K-8, allowing them to attend the school of their parents' choice. The organization's mission is to eliminate economic barriers that may hinder a child's access to a suitable educational environment, irrespective of gender, race, grades, test scores, ethnicity, or religious belief. By awarding scholarships, the fund enables families to choose a school that caters to their children's social, academic, emotional, and structural needs.
The Children's Scholarship Fund Baltimore adheres to a strict eligibility criterion. Families must fall below 270% of the federal poverty level, contribute a minimum of $500 per year per child in tuition, reside in Baltimore City, and ensure their children maintain a 90% attendance rate at school. The organization's belief is that a student's economic status should not impede their choice of school or their success in school and life. These scholarships empower children to develop essential academic and social skills, thereby ensuring long-term success.
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Impact
October, 2024
Children's Scholarship Fund Baltimore provides crucial financial assistance to low-income families, enabling their children in grades K-8 to attend schools of their choice. This initiative supports the belief that every child deserves access to an education that meets their individual needs—whether socially, academically, or emotionally—regardless of their economic background.
The impact of CSFB is significant, as it empowers families to select educational environments that align with their values and aspirations, fostering a sense of agency in their children's education. With a waiting list of over 900 students from 400 families, the demand for this type of support is evident. The fund not only alleviates financial barriers but also encourages families to actively participate in their children's education, promoting consistent school attendance and engagement.
By awarding scholarships without regard to gender, race, ethnicity, grades, or religious beliefs, CSFB ensures inclusivity and equal opportunity for all, thereby dismantling several obstacles that might hinder a child's academic success. The scholarships offered enable students to build critical academic and social skills, laying a foundation for long-term success and personal growth.
Ultimately, the organization plays a vital role in enhancing educational equity in Baltimore, positively influencing the lives of many children and their families, and advocating for a system where economic status does not dictate educational prospects.
This information is meant to be a general summary of Children's Scholarship Fund Baltimore. 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: $12,882
- Gross Receipts: $748,707
Assets and Liabilities:
- Total Assets: $1,224,437
- Total Liabilities: $22,990
- Net Assets: $1,201,447
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Organization Details
Founding Year
1996
Phone
(410) 243-2510Principal Officer
Erica Jensen
Main Address
PO BOX 5282, BALTIMORE, MD, 21224
Website
www.csfbaltimore.orgNTEE Category
Code: B82 - Education
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