Overview
What is Inner City Scholarship Fund Inc?
Inner City Scholarship Fund Inc is a New York-based nonprofit organization that focuses on providing tuition assistance for children in need, enabling them to attend quality, values-based K-12 Catholic education within the Archdiocese of New York. The organization partners with Children's Scholarship Funds, the Archdiocese of New York, and Student Sponsor Partners to process scholarship payments. With a team of 35 employees, Inner City Scholarship Fund aims to make a significant difference in the lives of families experiencing financial hardship, offering them an opportunity to provide their children with a valued Catholic education.
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
Inner City Scholarship Fund Inc has received high marks for its accountability and finance, reflected in its 97% score and Four-Star rating. The organization is noted for having a fully independent board, robust financial oversight, and no reported material diversions of assets. Its effective management practices, including comprehensive conflict of interest and whistleblower policies, further enhance its credibility.
User feedback on platforms like Great Nonprofits highlights strong approval from volunteers, with one review stating it is the best charity they have been associated with. This positive sentiment indicates that the organization is well-regarded by those who engage with it directly, suggesting a healthy community and volunteer involvement.
While the financial metrics are impressive, detailed feedback from a wider audience could provide additional insights into the organization's programs and impact. Overall, the Inner City Scholarship Fund Inc appears to be a highly accountable and efficient nonprofit, making significant strides in its mission.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Inner City Scholarship Fund Inc legitimate?
Inner City Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inner City Scholarship Fund 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: $730,122
Professional Fundraising Fees: $1,009,007
Other Salaries and Wages: $939,494
For more financial information, click here
What is the mission statement of Inner City Scholarship Fund Inc?
The Inner City Scholarship Fund (ICSF) strives to enhance the lives of families in need by offering them the opportunity to provide their children with a top-notch, values-based K-12 Catholic education within the Archdiocese of New York. ICSF's mission is to make this possibility a reality by providing demonstrable financial assistance to these families. The organization facilitates tuition assistance programs in collaboration with Children's Scholarship Funds, the Archdiocese of New York, and Student Sponsor Partners.
Who is the CEO of Inner City Scholarship Fund Inc?
Jill Lloyd is the Chairman of Inner City Scholarship Fund Inc.
What is the revenue of Inner City Scholarship Fund Inc?
Inner City Scholarship Fund Inc's revenue in 2022 was $17,490,225.
Who are the executives of Inner City Scholarship Fund Inc and what are their salaries?
The average compensation at Inner City Scholarship Fund Inc during 2022 was $47,703. There are 35 employees and 31 volunteers at Inner City Scholarship Fund Inc.
Here are 43 key members and their salaries:
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Where can I find the form 990 for Inner City Scholarship Fund Inc?
Inner City Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Inner City Scholarship Fund Inc
Inner City Scholarship Fund Inc, a nonprofit organization, strives to enhance the lives of children by providing them with a top-notch, values-driven K-12 Catholic education within the Archdiocese of New York. By offering demonstrable financial assistance to families in need, ICSF opens doors to a quality education that shapes the futures of these young learners.
The mission of Inner City Scholarship Fund Inc is twofold. First and foremost, it aims to help families in financial distress, enabling them to give their children the opportunity to receive a well-rounded education rooted in values. Second, by partnering with organizations such as the Children's Scholarship Funds, the Archdiocese of New York, and Student Sponsor Partners, ICSF processes payments for scholarships that bring this life-changing opportunity to fruition.
Through its tuition assistance programs, Inner City Scholarship Fund Inc plays a pivotal role in the lives of many families. By providing the necessary financial backing, this nonprofit organization empowers parents to make education a priority for their children. The quality Catholic education offered through ICSF lays the groundwork for a strong foundation in academics, values, and character, fostering the development of well-rounded individuals who are prepared to face the challenges of tomorrow.
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Impact
October, 2024
The Inner City Scholarship Fund Inc significantly impacts families in New York by providing children with access to a quality, values-based K-12 Catholic education. By addressing financial barriers through its tuition assistance programs, the organization enables families with demonstrable financial need to enroll their children in educational institutions that foster both academic and moral development.
Through partnerships with the Children's Scholarship Funds, the Archdiocese of New York, and generous sponsors, the Fund processes scholarship payments that directly support students. This access to education not only enhances the academic prospects of these children but also instills strong values and a sense of community, ultimately contributing to brighter futures and empowered individuals. The Inner City Scholarship Fund Inc thus plays a crucial role in transforming lives, making quality education attainable for families in need.
This information is meant to be a general summary of Inner City Scholarship Fund 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: -$100,347
- Gross Receipts: $21,124,378
Assets and Liabilities:
- Total Assets: $102,427,007
- Total Liabilities: $1,122,053
- Net Assets: $101,304,954
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Organization Details
Founding Year
1971
Phone
(212) 753-8583Principal Officer
Jill Lloyd
Main Address
1011 FIRST AVENUE 1800, NEW YORK, NY, 10022
NTEE Category
Code: B82 - Education
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