Overview
What is Scholarships For Kids Inc?
Scholarships For Kids Inc is a nonprofit organization based in Birmingham, Alabama. Their primary mission is to support education and educational opportunities by providing scholarships to children from lower-income families, allowing them to attend private K-12 schools of their parents' choice. The organization underscores the significance of parental involvement in their children's education and supports schools that prioritize academic excellence and character development. Scholarships For Kids Inc has raised over $21.48 million to fund these scholarships, with approximately 1,064 tax credit contributions received in 2022. This success has led to an increased enrollment in partner schools and filled otherwise empty seats during the current school year. The organization strives to operate in an effective, efficient, and ethical manner.
Official website here: www.scholarshipsforkids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Scholarships For Kids Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization demonstrates a high level of financial health, with an impressive program expense ratio of nearly 99%, indicating that a significant portion of its funds is allocated directly to its mission, which is providing scholarships for children. The organization also exhibits solid governance practices, including a fully independent board and effective financial oversight mechanisms.
However, there are some noted limitations in the organization's policies, particularly the absence of a whistleblower policy and a document retention and destruction policy, which resulted in lower scores in these areas. Despite these gaps, the organization maintains a very low ratio of liabilities to assets, ensuring financial stability.
Overall, Scholarships For Kids Inc showcases strong accountability and financial management, making it a reliable choice for donors looking to support educational initiatives. The organization’s commitment to transparency and efficient use of funds reinforces its mission to assist children in achieving educational opportunities through scholarships.
This AI summary has been generated from information found on Charity Navigator.
Is Scholarships For Kids Inc legitimate?
Scholarships For Kids Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarships For Kids Inc 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: $119,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.scholarshipsforkids.org
What is the mission statement of Scholarships For Kids Inc?
Scholarships For Kids Inc is dedicated to furthering education opportunities for children from lower income families. Through their scholarship program, they enable these children to attend private K-12 schools of their parents' choice. The organization underlines the significance of parents' involvement in their children's educational community. Scholarships For Kids Inc advocates for schools that prioritize academic excellence and character development. The nonprofit operates with a focus on efficiency, effectiveness, and ethical practices.
Official website here: www.scholarshipsforkids.org
Who is the CEO of Scholarships For Kids Inc?
Stephen Bridgers is the Director of Scholarships For Kids Inc.
Official website here: www.scholarshipsforkids.org
What is the revenue of Scholarships For Kids Inc?
Scholarships For Kids Inc's revenue in 2022 was $25,068,180.
Official website here: www.scholarshipsforkids.org
Who are the executives of Scholarships For Kids Inc and what are their salaries?
The average compensation at Scholarships For Kids Inc during 2022 was $59,584. There are 2 employees at Scholarships For Kids Inc.
Here are 9 key members and their salaries:
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Official website here: www.scholarshipsforkids.org
Where can I find the form 990 for Scholarships For Kids Inc?
Scholarships For Kids Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scholarshipsforkids.org
Learn more at the official website: www.scholarshipsforkids.org
Mission Statement of Scholarships For Kids Inc
Scholarships For Kids Inc, a mission-driven organization, is dedicated to supporting education and educational opportunities for children from lower-income families. By providing scholarships to attend private K-12 schools of their parents' choice, the nonprofit places emphasis on the significance of parents' investment in their children's school community.
The organization's primary focus lies in empowering children through access to quality education and nurturing environments that foster academic excellence and character development. Scholarships For Kids Inc believes that every child deserves the opportunity to succeed, regardless of their financial circumstances, and works tirelessly to make this a reality.
Through its effective, efficient, and ethical operations, Scholarships For Kids Inc ensures that the scholars it supports are given the tools they need to thrive academically and personally. The nonprofit's commitment to integrity and excellence has led to a reputation for trust and reliability within the education community. By partnering with schools that prioritize both academic achievement and character development, Scholarships For Kids Inc is making a difference in the lives of countless children, one scholarship at a time.
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Impact
October, 2024
Scholarships For Kids Inc has made a significant impact by providing crucial funding for children from lower-income families to attend private K-12 schools of their choice. By raising over $21.48 million, the organization has been able to support educational opportunities and fill otherwise empty seats in partner schools across the state.
In 2022 alone, approximately 1,064 individual tax credit contributions were received, showcasing robust community involvement. This influx of funding not only enhances educational access for underserved families but also underscores the importance of parental involvement in their children's educational journeys.
By prioritizing schools that emphasize academic excellence and character development, Scholarships For Kids Inc fosters an environment where students can thrive. The organization's commitment to operating effectively, efficiently, and ethically ensures that resources are maximized for the benefit of the children and their educational communities.
This information is meant to be a general summary of Scholarships For Kids Inc. 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: $87,729
- Gross Receipts: $25,068,180
Assets and Liabilities:
- Total Assets: $33,092,849
- Total Liabilities: $15,396
- Net Assets: $33,077,453
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Organization Details
Founding Year
2013
Phone
(205) 480-9997Principal Officer
Stephen Bridgers
Main Address
PO BOX 10204, BIRMINGHAM, AL, 35202
Website
www.scholarshipsforkids.orgNTEE Category
Code: B82 - Education
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