Overview
What is Hfs Chicago Scholars?
Hfs Chicago Scholars is a nonprofit organization based in Chicago, Illinois, specifically at 1074 W TAYLOR STREET RM/STE 201. Their mission is to support the educational aspirations of economically disadvantaged yet academically motivated Chicago inner-city youth. During the fiscal year 2022, they provided partial high school scholarships to 193 students. To cater to the full tuition and other school-related needs of the scholarship recipients, Hfs Chicago Scholars collaborates with other unrelated scholarship funds and the chosen high schools of the recipients. Moreover, they assign an active mentor to each recipient to help them achieve their educational goals successfully. With a workforce of 17 individuals, Hfs Chicago Scholars is committed to making a difference in the lives of deserving students.
Official website here: www.hfschicagoscholars.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating.
Hfs Chicago Scholars has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in Accountability & Finance with a score of 96%. This high rating indicates that the organization demonstrates transparency and financial health, which is crucial for donor confidence and support. Notably, the charity has a majority of independent board members and maintains rigorous financial oversight through its Audit and Oversight Committee.
Additionally, Hfs Chicago Scholars excels in program expenses, allocating 91.58% of its budget directly to its programs. This focus on effective resource allocation allows the organization to maximize its impact in the community. Other positive attributes include a well-structured conflict of interest policy and comprehensive documentation practices, which further enhance its operational integrity.
However, there is a noted limitation regarding the absence of a whistleblower policy, which scored zero out of four points. While this does not detract significantly from the overall performance, the implementation of such a policy could strengthen the organization's governance framework. Overall, Hfs Chicago Scholars demonstrates a strong commitment to accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Hfs Chicago Scholars legitimate?
Hfs Chicago Scholars is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hfs Chicago Scholars 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: $95,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $261,722
For more financial information, click here
Official website here: www.hfschicagoscholars.com
What is the mission statement of Hfs Chicago Scholars?
Hfs Chicago Scholars is an organization dedicated to supporting the educational aspirations of academically motivated yet economically disadvantaged inner-city youth in Chicago. Their mission is to provide partial scholarships to qualified students, collaborate with other scholarship funds, and address the full tuition and other school-related expenses of the recipients. Additionally, Hfs Chicago Scholars assigns an active mentor to each scholarship recipient to guide them towards achieving their educational goals effectively.
Official website here: www.hfschicagoscholars.com
Who is the CEO of Hfs Chicago Scholars?
Kathy L Clolinger is the Board Chairm of Hfs Chicago Scholars.
Official website here: www.hfschicagoscholars.com
What is the revenue of Hfs Chicago Scholars?
Hfs Chicago Scholars's revenue in 2022 was $1,459,597.
Official website here: www.hfschicagoscholars.com
Who are the executives of Hfs Chicago Scholars and what are their salaries?
The average compensation at Hfs Chicago Scholars during 2022 was $20,992. There are 17 employees and 250 volunteers at Hfs Chicago Scholars.
Here are 69 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $95,140
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hfschicagoscholars.com
Where can I find the form 990 for Hfs Chicago Scholars?
Hfs Chicago Scholars's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hfschicagoscholars.com
Learn more at the official website: www.hfschicagoscholars.com
Mission Statement of Hfs Chicago Scholars
Hfs Chicago Scholars, a nonprofit organization, is dedicated to supporting the educational aspirations of economically disadvantaged yet academically motivated inner-city youth in Chicago. The primary mission of Hfs Chicago Scholars is to empower these students by providing them with partial scholarships. This support extends beyond financial aid, as Hfs Chicago Scholars collaborates with other scholarship funds and the chosen high schools of the scholarship recipients to address the full tuition and other school-related expenses of the students.
In addition to financial assistance, Hfs Chicago Scholars assigns a mentor to each scholarship recipient. This mentor plays a crucial role in helping the student successfully achieve their educational goals. The mentor-student relationship provides a supportive network that encourages academic success and personal growth. By offering this comprehensive approach, Hfs Chicago Scholars aims to break the cycle of poverty and provide these talented students with the opportunity to reach their full potential.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
HFS Chicago Scholars significantly impacts the educational landscape for economically disadvantaged but academically motivated inner-city youth in Chicago. By providing partial high school scholarships to 193 students during the fiscal year 2022, HFS plays a crucial role in addressing the financial barriers that these young individuals face in pursuing their academic aspirations.
In addition to financial support, HFS collaborates with other scholarship funds and the students' chosen high schools to ensure that recipients can cover full tuition and other essential school costs. This comprehensive approach alleviates some of the financial pressures that can hinder educational progress.
Moreover, each scholarship recipient is paired with an active mentor, fostering guidance and support that is pivotal for their success. This mentorship not only helps students navigate their educational journeys but also empowers them to achieve their long-term goals, ultimately enhancing their prospects for the future. Through these initiatives, HFS Chicago Scholars is positively transforming lives and contributing to a more equitable educational environment.
This information is meant to be a general summary of Hfs Chicago Scholars. 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: $52,405
- Gross Receipts: $1,655,813
Assets and Liabilities:
- Total Assets: $3,204,620
- Total Liabilities: $3,716
- Net Assets: $3,200,904
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1993
Phone
(312) 421-4070Principal Officer
Kathy L Clolinger
Main Address
1074 W TAYLOR STREET RM/STE 201, CHICAGO, IL, 606074336
Website
www.hfschicagoscholars.comNTEE Category
Code: B82Z - Education
If you are a representative of Hfs Chicago Scholars and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.