Overview
What is Kansas City Scholars Inc?
Kansas City Scholars Inc is a nonprofit organization located at 8080 Ward Parkway STE 402, Kansas City, Missouri, 64114. The mission of this scholarship program is to empower individuals from low-to-modest income households within a six-county area of the Kansas City metro to pursue higher education or short-term credentials, enabling them to secure family-sustaining careers. The organization aims to expand the number of adults with postsecondary education or credentials and boosts their potential for stable employment. Currently, Kansas City Scholars Inc employs 24 individuals.
Official website here: www.kcsholars.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97% (Four-Star out of Four Star rating)
Kansas City Scholars Inc has earned a Four-Star rating from Charity Navigator, indicating a strong overall performance in terms of accountability, finance, and impact. The organization scored particularly well in the Impact & Measurement category, achieving a perfect score of 100, which highlights its effectiveness in fulfilling its mission and measuring outcomes. Its Accountability & Finance score of 92 also reflects solid financial health, with a notable program expense ratio of 90.56%, demonstrating that a significant portion of its funds directly supports its programs.
However, there are some areas for improvement noted in the feedback. While the organization has a strong conflict of interest policy and has met several key accountability measures, it has missing policies regarding whistleblower protections and document retention, which are important for maintaining transparency and accountability. Addressing these gaps could enhance the organization's overall governance framework.
Overall, Kansas City Scholars Inc exhibits impressive financial management and impactful program delivery. The strong ratings suggest a well-managed nonprofit dedicated to its mission, though it should work on bolstering its policies to ensure comprehensive governance.
This AI summary has been generated from information found on Charity Navigator.
Is Kansas City Scholars Inc legitimate?
Kansas City Scholars Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kansas City Scholars 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: $416,228
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,444,474
For more financial information, click here
Official website here: www.kcsholars.org
What is the mission statement of Kansas City Scholars Inc?
Kansas City Scholars Inc is a scholarship program committed to increasing post-secondary education and credential attainment among low- and moderate-income adults. The organization aims to significantly expand the number of adults securing family-sustaining careers by helping them obtain a college degree or a short-term credential. This program serves individuals within a six-county area, providing them with the opportunity to better their lives through education.
Official website here: www.kcsholars.org
Who is the CEO of Kansas City Scholars Inc?
Earl Martin Phalen is the Board Chair of Kansas City Scholars Inc. The CEO's salary of Kansas City Scholars Inc is $0 and their total compensation is $0.
Official website here: www.kcsholars.org
What is the revenue of Kansas City Scholars Inc?
Kansas City Scholars Inc's revenue in 2022 was $14,737,861.
Official website here: www.kcsholars.org
Who are the executives of Kansas City Scholars Inc and what are their salaries?
The average compensation at Kansas City Scholars Inc during 2022 was $77,529. There are 24 employees and 266 volunteers at Kansas City Scholars Inc.
Here are 9 key members and their salaries (Kansas City Scholars Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $216,043
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- Other: $20,866
Official website here: www.kcsholars.org
Where can I find the form 990 for Kansas City Scholars Inc?
Kansas City Scholars Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kcsholars.org
Learn more at the official website: www.kcsholars.org
Mission Statement of Kansas City Scholars Inc
Kansas City Scholars Inc, a scholarship program with a mission to make a difference, focuses on increasing post-secondary education and credential attainment among low- and moderate-income adults. The ultimate goal is to help a significant number of adults secure family-sustaining careers. By offering scholarships for college degrees or short-term credentials, this organization opens doors to new opportunities and brighter futures for individuals who might otherwise struggle to afford higher education. With a commitment to empowering the community, Kansas City Scholars Inc aims to be a driving force in expanding the ranks of self-sufficient adults, ultimately contributing to a stronger and more prosperous society.
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Impact
October, 2024
Kansas City Scholars Inc significantly enhances the landscape of postsecondary education for low- and moderate-income adults, addressing a critical barrier to educational attainment and career advancement. By providing scholarships tailored for individuals from modest income households within the Kansas City metro area, the program empowers participants to pursue college degrees or short-term credentials essential for securing family-sustaining careers.
The initiative not only increases access to education but also directly contributes to the economic stability of families and communities. By focusing on individuals who may lack resources and support, Kansas City Scholars Inc plays a pivotal role in transforming lives, fostering a more educated workforce, and ultimately, strengthening the local economy. The scholarship program stands as a vital catalyst in helping adults achieve their educational goals and uplift themselves and their families.
This information is meant to be a general summary of Kansas City Scholars 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: $4,278
- Gross Receipts: $14,737,861
Assets and Liabilities:
- Total Assets: $5,395,216
- Total Liabilities: $787,703
- Net Assets: $4,607,513
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Organization Details
Founding Year
2016
Phone
(816) 581-5700Principal Officer
Earl Martin Phalen
Main Address
8080 WARD PARKWAY STE 402, KANSAS CITY, MO, 64114
Website
www.kcsholars.orgNTEE Category
Code: B82 - Education
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