Overview
What is Central Pennsylvania Scholarship Fund?
The Central Pennsylvania Scholarship Fund is a nonprofit organization located at 227 Jefferson Avenue, Tyrone, Pennsylvania, 16686. Their mission is to provide educational opportunities to students from low and middle-income families in Central Pennsylvania. They facilitate this through scholarships that fund tuition at private schools or educational improvement programs at Pennsylvania public schools and their assignees and grants to other charities. The organization, which has a workforce of seven individuals, plays a crucial role in expanding educational choices and improving educational opportunities for children in the region.
Official website here: www.pennsyvaniaeitc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
The Central Pennsylvania Scholarship Fund has received a Three-Star rating, indicating a commendable level of accountability and finance management. The organization scored well on several key aspects, such as having an entirely independent board and demonstrating a strong commitment to transparency in its financial statements. However, it has been noted that there are missing policies regarding conflict of interest, whistleblower protections, and document retention, which could impact overall governance.
Moreover, the fund has a high program expense ratio of nearly 99%, suggesting that a significant majority of its budget is directed toward its charitable efforts rather than administrative costs. The low fundraising efficiency ratio, however, points to potential challenges in raising funds sustainably, which may warrant attention for future growth and impact maximization. Overall, while the organization shows strong fiscal responsibility, addressing governance policy gaps could further enhance its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Central Pennsylvania Scholarship Fund legitimate?
Central Pennsylvania Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Pennsylvania Scholarship 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: $151,139
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,973
For more financial information, click here
Official website here: www.pennsyvaniaeitc.org
What is the mission statement of Central Pennsylvania Scholarship Fund?
The Central Pennsylvania Scholarship Fund is dedicated to expanding educational opportunities for students from economically disadvantaged backgrounds. They facilitate this mission through the use of scholarships and educational improvement programs. By providing scholarships, the Fund enables students to attend private schools, thereby broadening their access to quality education. Additionally, they offer educational improvement grants to public schools and their assignees, as well as to other charitable organizations, to enhance the educational experience for students. The ultimate goal is to offer equitable educational opportunities that empower students to reach their full potential.
Official website here: www.pennsyvaniaeitc.org
Who is the CEO of Central Pennsylvania Scholarship Fund?
Randy Tarpey is the President of Central Pennsylvania Scholarship Fund.
Official website here: www.pennsyvaniaeitc.org
What is the revenue of Central Pennsylvania Scholarship Fund?
Central Pennsylvania Scholarship Fund's revenue in 2022 was $55,334,922.
Official website here: www.pennsyvaniaeitc.org
Who are the executives of Central Pennsylvania Scholarship Fund and what are their salaries?
The average compensation at Central Pennsylvania Scholarship Fund during 2022 was $27,587. There are 7 employees at Central Pennsylvania Scholarship Fund.
Here are 7 key members and their salaries:
- Compensation: $30,000
- 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: $75,300
- Related: $0
- Other: $0
- Compensation: $45,840
- Related: $0
- Other: $0
Official website here: www.pennsyvaniaeitc.org
Where can I find the form 990 for Central Pennsylvania Scholarship Fund?
Central Pennsylvania Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pennsyvaniaeitc.org
Learn more at the official website: www.pennsyvaniaeitc.org
Mission Statement of Central Pennsylvania Scholarship Fund
The Central Pennsylvania Scholarship Fund, a renowned organization, is dedicated to expanding educational opportunities for students hailing from low-income and middle-income families. They facilitate this initiative through the utilization of scholarships and educational improvement programs.
In essence, the Central Pennsylvania Scholarship Fund acts as a bridge, granting access to private schools for deserving students whose families wouldn't otherwise be able to afford the tuition fees. Additionally, they support educational enhancements in public schools across Pennsylvania by providing grants and assignments to charities in the region.
Through their scholarships, the Central Pennsylvania Scholarship Fund empowers students to pursue their academic goals, opening doors to a world of opportunities that may have otherwise remained closed to them due to financial constraints. The organization's commitment to education extends beyond private institutions, as they also invest in public schools, improving the overall quality of education for all students in the state.
By providing both scholarships and educational improvement programs, the Central Pennsylvania Scholarship Fund plays a pivotal role in fostering a strong and well-educated future for its community. Their efforts contribute significantly to breaking down financial barriers, ensuring that every student, regardless of their family's income level, has the chance to thrive and succeed in their academic pursuits.
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Impact
October, 2024
The Central Pennsylvania Scholarship Fund provides vital educational opportunities to students from low and middle-income families, facilitating educational choice through scholarships. By funding tuition at private schools, the scholarship program opens doors to quality education that might otherwise be inaccessible. Additionally, it invests in educational improvement programs within Pennsylvania public schools, ensuring that all students have access to enhanced learning environments.
Through its impactful initiatives, the fund not only equips students with the necessary resources but also empowers families to choose the educational paths that align with their children's needs. This approach fosters a diverse educational landscape in Central Pennsylvania and helps to bridge the gap for under-resourced communities, ultimately contributing to the overall academic and life success of the students it serves.
This information is meant to be a general summary of Central Pennsylvania Scholarship 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $159,824
- Gross Receipts: $55,334,922
Assets and Liabilities:
- Total Assets: $54,031,924
- Total Liabilities: $0
- Net Assets: $54,031,924
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Organization Details
Founding Year
2012
Phone
(814) 684-4640Principal Officer
Randy Tarpey
Main Address
227 JEFFERSON AVENUE, TYRONE, PA, 16686
Website
www.pennsyvaniaeitc.orgNTEE Category
Code: B82 - Education
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