Overview
What is Southern Scholarship Foundation Inc?
Southern Scholarship Foundation Inc is a nonprofit organization based in Tallahassee, Florida, specifically located at 322 Stadium Drive. Their primary mission is to provide financial support and a nurturing environment for low-income students pursuing higher education. They achieve this by offering rent-free housing in 25 houses across Gainesville, Fort Myers, and Tallahassee, Florida. This arrangement not only reduces the cost of living but also fosters a sense of community and personal development. Residents share household responsibilities, manage budgets, and cook meals together, creating a supportive network from their first day. The organization serves 452 students, helping them complete their degrees while demonstrating academic merit and good character. With a workforce of 18 individuals, Southern Scholarship Foundation Inc plays a significant role in shaping the futures of deserving students.
Official website here: www.southernscholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star Rating)
Southern Scholarship Foundation Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored a perfect 100 in this category, indicating robust financial management and oversight practices. Key strengths include a fully independent board and an excellent liabilities-to-assets ratio of 3.53%, which signifies financial stability.
In addition to its financial acumen, the organization demonstrates a solid investment in leadership development, scoring 100 in the Leadership & Adaptability category. This suggests that Southern Scholarship Foundation prioritizes the growth and effectiveness of its leadership team. The organization maintains comprehensive policies, including conflict of interest and whistleblower policies, which further enhance its operational integrity.
However, while the foundation excels in accountability and leadership, it received a score of 81 in the Culture & Community category. This suggests that there may be areas for improvement in fostering a stronger community culture. Overall, Southern Scholarship Foundation Inc exhibits a high level of transparency and a commitment to its mission, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Southern Scholarship Foundation Inc?
98% of 69 reviewers on Facebook recommend Southern Scholarship Foundation Inc. Here is a summary of their reviews:
Many individuals express strong enthusiasm for the organization, often highlighting the uniqueness of the services provided. Reviewers describe their experiences as transformative, emphasizing that the opportunities offered by SSF are unlike any other they have encountered. The sentiment is overwhelmingly positive, with many calling it a "fantastic experience."
Overall, the feedback reflects a deep appreciation for the nonprofit's impact on its participants, showcasing a strong community support and a commitment to enriching lives through their programs.
This AI summary has been generated from reviews found on Facebook.
Is Southern Scholarship Foundation Inc legitimate?
Southern Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Scholarship Foundation 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: $123,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $525,831
For more financial information, click here
Official website here: www.southernscholarship.org
What is the mission statement of Southern Scholarship Foundation Inc?
The Southern Scholarship Foundation Inc's mission is to support financially disadvantaged students who demonstrate exceptional academic merit and exhibit good character. They achieve this by providing rent-free housing, facilitating cooperative living environments, and enabling these students to attend institutions of higher education. By offering rent-free housing, the foundation significantly reduces the cost of living, thereby increasing the likelihood of these students completing their degrees. The cooperative living arrangement encourages residents to manage household budgets, enforce rules to maintain a clean and safe environment, and cook meals together, fostering a sense of community and support among the residents. The Southern Scholarship Foundation serves around 452 residents across 25 houses in various locations.
Official website here: www.southernscholarship.org
Who is the CEO of Southern Scholarship Foundation Inc?
Shawn Woodin is the President/Ceo of Southern Scholarship Foundation Inc. The CEO's salary of Southern Scholarship Foundation Inc is $118,235 and their total compensation is $123,315.
Official website here: www.southernscholarship.org
What is the revenue of Southern Scholarship Foundation Inc?
Southern Scholarship Foundation Inc's revenue in 2022 was $1,607,327.
Official website here: www.southernscholarship.org
Who are the executives of Southern Scholarship Foundation Inc and what are their salaries?
The average compensation at Southern Scholarship Foundation Inc during 2022 was $36,064. There are 18 employees at Southern Scholarship Foundation Inc.
Here are 25 key members and their salaries (Southern Scholarship Foundation Inc's CEO's salary is $118,235 and their total compensation is $123,315):
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Official website here: www.southernscholarship.org
Where can I find the form 990 for Southern Scholarship Foundation Inc?
Southern Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southernscholarship.org
Learn more at the official website: www.southernscholarship.org
Mission Statement of Southern Scholarship Foundation Inc
Southern Scholarship Foundation Inc, a nonprofit organization, is dedicated to supporting students who are financially disadvantaged, exhibit exceptional academic merit, and display good character. The foundation achieves this mission through its unique approach of providing rent-free housing and promoting cooperative living. By offering rent-free housing, the foundation significantly reduces the living expenses for these students, thereby increasing the likelihood of low-income students completing their degrees.
In addition to the financial support, the cooperative living aspect of the foundation plays a crucial role. Residents are encouraged to manage household budgets, enforce rules that promote a clean and safe environment, and collaborate on meal preparations and communal dining. This cooperative living not only provides students with a comfortable home but also fosters a sense of community and a support network from the moment they move into their houses.
With a total of 25 houses and serving 452 residents in Gainesville, Fort Myers, and Tallahassee, Florida, Southern Scholarship Foundation Inc is making a significant impact in the lives of its residents. By offering rent-free housing and promoting cooperative living, the foundation is empowering financially challenged students to focus on their academic pursuits while also providing them with a supportive community.
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Impact
July, 2024
Southern Scholarship Foundation Inc's impact can be seen in its support for students who lack financial resources, demonstrate excellent academic merit, and exemplify good character to attend institutions of higher education. By providing rent-free housing, the organization dramatically reduces the cost of living, increasing the likelihood that low-income students will complete their degrees. Through cooperative living, residents manage household budgets, enforce rules for a clean and safe environment, cook meals together, and form a strong support network. With 25 houses and 452 residents served in Gainesville, Ft. Myers, and Tallahassee, Florida, Southern Scholarship Foundation gives students a home, a community, and essential support from the moment they enter their houses. This unique approach helps students focus on their studies and succeed in their academic pursuits.
This information is meant to be a general summary of Southern Scholarship Foundation 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: $303,497
- Program Service Revenue: $177,754
- Gross Receipts: $4,358,598
Assets and Liabilities:
- Total Assets: $16,159,156
- Total Liabilities: $570,689
- Net Assets: $15,588,467
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATIONAL FEES
Revenue
$177,754
Organization Details
Founding Year
1957
Phone
(850) 222-3833Principal Officer
Shawn Woodin
Main Address
322 STADIUM DRIVE, TALLAHASSEE, FL, 323043450
Website
www.southernscholarship.orgNTEE Category
Code: B82Z - Education
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