Overview
What is Scholarship Prep?
Scholarship Prep, based in Santa Ana, California, is a nonprofit organization running three public charter schools. With a team of 241 employees, they serve approximately 1,359 students from kindergarten through 8th grade for 180 instructional days. Their primary mission is to provide a university-inspired educational journey for every student, aiming to bridge the achievement gap for all learners, including foster youth and underprivileged children.
Official website here: www.scholarshipschools.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Scholarship Prep has achieved a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. The charity scored 77% overall, primarily based on its financial practices. The organization demonstrates strong governance, with a fully independent board and robust auditing processes, indicating a high level of oversight and integrity.
One notable strength is the organization's commitment to transparency, as evidenced by its independent board members and the absence of material diversion of assets. Additionally, it maintains a high program expense ratio of 72.4%, highlighting a focus on utilizing resources effectively for its mission.
However, there are some limitations, including the absence of a whistleblower policy and the lack of a posted tax form on its website, which may raise concerns regarding transparency. Furthermore, the liabilities to assets ratio of 83.40% suggests potential financial stability issues that could warrant further examination.
This AI summary has been generated from information found on Charity Navigator.
Is Scholarship Prep legitimate?
Scholarship Prep is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarship Prep 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: $287,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,110,065
For more financial information, click here
Official website here: www.scholarshipschools.org/
What is the mission statement of Scholarship Prep?
Scholarship Prep is dedicated to providing a university-inspired pathway to success for all students, with a focus on closing the achievement gap for underrepresented students, including foster youth. Their mission is to offer an educational experience that instills the values and skills necessary to thrive in higher education and beyond. They serve approximately 1,359 students from kindergarten through 8th grade, delivering instruction for 180 instructional days each year.
Official website here: www.scholarshipschools.org/
Who is the CEO of Scholarship Prep?
Jason Watts is the President of Scholarship Prep.
Official website here: www.scholarshipschools.org/
What is the revenue of Scholarship Prep?
Scholarship Prep's revenue in 2022 was $21,948,648.
Official website here: www.scholarshipschools.org/
Who are the executives of Scholarship Prep and what are their salaries?
The average compensation at Scholarship Prep during 2022 was $38,993. There are 241 employees and 17 volunteers at Scholarship Prep.
Here are 14 key members and their salaries:
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- Compensation: $222,347
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- Other: $58,698
- Compensation: $80,625
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- Other: $13,548
- Compensation: $197,750
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- Other: $44,211
- Compensation: $128,011
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- Other: $37,700
- Compensation: $127,834
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- Other: $34,975
- Compensation: $128,475
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- Other: $30,032
- Compensation: $124,444
- Related: $0
- Other: $26,225
Official website here: www.scholarshipschools.org/
Where can I find the form 990 for Scholarship Prep?
Scholarship Prep's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scholarshipschools.org/
Learn more at the official website: www.scholarshipschools.org/
Mission Statement of Scholarship Prep
Scholarship Prep, a dynamic nonprofit organization, is dedicated to providing a university-inspired pathway of success for all students, with a particular focus on closing the achievement gap for those who are underserved, including foster youth. The mission of Scholarship Prep is to offer an academic environment that mirrors the rigor and expectations of higher education institutions.
Through the operation of three public charter schools, serving approximately 1,359 students from kindergarten through 8th grade for 180 instructional days, Scholarship Prep strives to instill a passion for lifelong learning and academic excellence. By catering to the unique needs of each student, the organization aims to ensure that every child receives the support they need to succeed, both academically and personally.
Scholarship Prep's commitment to its students does not stop at the classroom door. Its comprehensive approach to education extends beyond the traditional school day, providing students with the resources and opportunities they need to thrive both inside and outside the classroom. By focusing on the individual needs of each student and working to close the achievement gap, Scholarship Prep is paving the way for a brighter future for its students.
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Impact
October, 2024
Scholarship Prep significantly impacts the educational landscape by providing a university-inspired pathway to success for students. Operating three public charter schools in Santa Ana, California, it serves approximately 1,359 students in grades K-8 over 180 instructional days each year. The focus on closing the achievement gap ensures that all students, including foster youth and those from underserved backgrounds, receive the support and resources they need to thrive academically. This approach not only fosters educational attainment but also empowers students to envision a future where higher education is within their reach.
This information is meant to be a general summary of Scholarship Prep. 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: $19,483
- Gross Receipts: $21,948,648
Assets and Liabilities:
- Total Assets: $31,495,275
- Total Liabilities: $22,804,716
- Net Assets: $8,690,559
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Organization Details
Founding Year
2015
Phone
(714) 795-3498Principal Officer
Jason Watts
Main Address
1010 W 17TH STREET, SANTA ANA, CA, 92706
Website
www.scholarshipschools.org/NTEE Category
Code: B24 - Education
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