CHILDREN SCHOLARSHIP FUND PHILADELPHIA: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- CHILDREN SCHOLARSHIP FUND PHILADELPHIA (EIN 23-3078729)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-09-27
- IRS object ID
- 202522709349301057
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-27T06:44:58-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY ADVISORY GROUP LP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1570 FRUITVILLE PIKE SUITE 400 | AddressLine1Txt |
| City | LANCASTER | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 17601 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 233078729 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHIL | BusinessNameControlTxt |
| Phone | 2156708411 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 WALNUT STREET 1300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEISHA JORDAN | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 2156708411 | PhoneNum |
| Signature | 2025-09-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KERRI N BOGDA | PreparerPersonNm |
| PTIN | P00760402 | PTIN |
| Phone | 7177404863 | PhoneNum |
| Preparation | 2025-09-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KEISHA JORDAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 WALNUT STREET 1300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,995,473 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CSFPHILADELPHIA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE UNDER-RESOURCED PHILADELPHIA FAMILIES WITH SCHOLARSHIPS TO QUALITY, SAFE SCHOOLS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 27 | TotalEmployeeCnt |
| Total Volunteers | 133 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $15,329,618 | PYContributionsGrantsAmt |
| CY Contributions Grants | $16,437,196 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $189,415 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $75,000 | CYProgramServiceRevenueAmt |
| PY Investment Income | $593,827 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,409,340 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $6,658 | CYOtherRevenueAmt |
| PY Total Revenue | $16,112,860 | PYTotalRevenueAmt |
| CY Total Revenue | $17,928,194 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $12,792,423 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $14,352,438 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,646,459 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,069,001 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $116,175 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $246 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $936,600 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,076,336 | PYOtherExpensesAmt |
| CY Other Expenses | $1,177,813 | CYOtherExpensesAmt |
| PY Total Expenses | $15,631,393 | PYTotalExpensesAmt |
| CY Total Expenses | $17,599,498 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $481,467 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $328,696 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $27,641,671 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,785,875 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,247,762 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $938,977 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $26,393,909 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $26,846,898 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | WITH OVER 20 YEARS OF EXPERIENCE AND OVER 30,000 SCHOLARSHIPS AWARDED, CSFP PROVIDES PHILADELPHIA CHILDREN WITH EIGHT-YEAR, NEEDS-BASED SCHOLARSHIPS TO ATTEND SAFE, QUALITY, K-8TH GRADE SCHOOLS. CONTINUED ON SCHEDULE O.SUPPORTING UNDER-RESOURCED CHILDREN AND FAMILIES, UP TO 3 CHILDREN IN A FAMILY MAY RECEIVE A SCHOLARSHIP. STUDENTS ARE SELECTED FROM A RANDOM, NEEDS BASED LOTTERY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $15,818,715 | ExpenseAmt |
| Grant | $14,352,438 | GrantAmt |
| Revenue | $81,658 | RevenueAmt |
| Desc | CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA (CSFP) IS A PRIVATELY-FUNDED PROGRAM WHOSE MISSION IS TO PROVIDE CHILDREN FROM UNDER-RESOURCED PHILADELPHIA FAMILIES WITH FINANCIAL ACCESS TO QUALITY, SAFE, K-8TH GRADE, TUITION-BASED SCHOOLS, THEREBY INCREASING THEIR LONG-TERM ECONOMIC AND SOCIAL SUCCESS. CSFP GRANTS NEED-BASED, PARTIAL SCHOLARSHIPS THROUGH A RANDOM LOTTERY. DURING 2024, CSFP SERVED 6,553 CHILDREN ENROLLED AT OVER 150 PAROCHIAL AND PRIVATE SCHOOLS.CONTINUED ON SCHEDULE O.CSFP PROVIDES ADDITIONAL PROGRAMMING IN SERVICE TO SCHOLARSHIP RECIPIENTS CALLED CAMP CONNECTIONS, WHICH IS A SUMMER PROGRAM IN WHICH SCHOLARSHIP RECIPIENTS ARE INVITED TO ATTEND A WEEKLONG CAMP THROUGH PARTNERSHIPS WITH LOCAL UNIVERSITIES. THE PURPOSE OF CAMP CONNECTIONS IS TO COMBAT "SUMMER SLIDE", THE LOSS OF ACADEMIC PROGRESS OVER THE SUMMER BREAK FROM SCHOOL, BY PROVIDING AN ENRICHING AND FUN OPPORTUNITY FOR SCHOLARSHIP RECIPIENTS TO LEARN, GROW, AND BE CHALLENGED OUTSIDE OF THE TRADITIONAL SCHOOL ENVIRONMENT.CSFP HAS ALSO CREATED THE PROGRAM AMBASSADOR (PA) PROGRAM IN WHICH PARENTS/GUARDIANS OF SCHOLARSHIP RECIPIENTS SERVE AS A REPRESENTATIVE WITHIN THEIR CHILD'S SCHOOL, ACTING AS A KEY CONTACT FOR FAMILIES TO STRENGTHEN RELATIONSHIPS BETWEEN SCHOOLS, THE COMMUNITY, AND CSFP STAFF. PAS PARTICIPATE IN SCHOOL EVENTS ON BEHALF OF CSFP, COMMUNICATE WITH EXISTING FAMILIES ABOUT STUDENT VERIFICATION RECORDS, REGISTRATIONS, AND EVENTS, AND ENGAGE WITH PROSPECTIVE FAMILIES INTERESTED IN APPLYING FOR SCHOLARSHIPS. THEY ALSO COLLABORATE WITH SCHOOL ADMINISTRATORS TO SUPPORT SCHOLAR FAMILIES, REGULARLY CHECK AND RESPOND TO EMAILS FROM CSFP AND FAMILIES, AND ATTEND MANDATORY MEETINGS, INCLUDING ORIENTATION, MONTHLY CHECK-INS, AND A WINTER UPDATE MEETING. | Desc |
| Total Program Service Expenses | $15,818,715 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 62 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 27 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DERIK COMALLI VICE PRESIDENT OF OPERATIONS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2156708411 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 WALNUT STREET 1300 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| MARGARET DINNENY | |||||||||
| CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JEREMY BEN-ZEV | |||||||||
| VICE CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH FERGUSON | |||||||||
| SECRETARY | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEVE KAPP | |||||||||
| TREASURER | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PATRICK J BURKE CPA | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARC BRYANT | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRADLEY FOUSS | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JUDITH DURKIN FREYER CFA | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| EVIE MCNIFF | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| REV DR LORINA MARSHALL-BLAKE | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LEANNE CLANCY | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARC RICHMAN | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES ROBINSON | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CORY O HIPPLER | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSH BARRICKMAN | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TALIB NADIR ELLISON | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JESSICA HAYNE | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SHANTE WOODLIN | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KAMESHA CALLANDS | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PRESTON HAWKINS | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KEISHA JORDAN | |||||||||
| PRESIDENT & CEO | 40.00 | 0.00 | Yes (X) | $223,499 | $0 | $19,216 | |||
| JENNIFER BURNS | |||||||||
| CHIEF ADVANCEMENT OFFICER | 40.00 | 0.00 | $179,142 | $0 | $14,734 | Yes (X) | |||
| JULIA RAIKEN | |||||||||
| CHIEF PROGRAM OFFICER | 40.00 | 0.00 | $183,800 | $0 | $7,469 | Yes (X) | |||
| MEGAN SARAH STAPLES | |||||||||
| VP OF DEVELOPMENT | 40.00 | 0.00 | $141,200 | $0 | $9,595 | Yes (X) | |||
| DERIK COMALLI | |||||||||
| SR. DIRECTOR OF OPERATIONS | 40.00 | 0.00 | $130,900 | $0 | $12,312 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $858,541 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $63,326 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DUNBAR PUBLIC AFFAIRS AND ASSOCIATE | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1003 CEDAR BOOK LANE | AddressLine1Txt |
| City | PENNSBURG | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 18073 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | CONSULTING SERVICES | ServicesDesc |
| Compensation | $140,500 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $16,437,196 | AllOtherContributionsAmt |
| Noncash Contributions | $368,665 | NoncashContributionsAmt |
| Total Contributions | $16,437,196 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SCHOLARSHIP ADMIN SERVICES | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $75,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $75,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $75,000 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $702,385 | TotalRevenueColumnAmt |
| Exclusion | $702,385 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,774,234 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,067,279 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $706,955 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $706,955 | TotalRevenueColumnAmt |
| Exclusion | $706,955 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $6,658 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,658 | TotalRevenueColumnAmt |
| Exclusion | $6,658 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,928,194 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $75,000 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,415,998 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,000 | TotalAmt |
| Program Services | $13,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,339,438 | TotalAmt |
| Program Services | $14,339,438 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $606,748 | TotalAmt |
| Program Services | $182,024 | ProgramServicesAmt |
| Management And General | $212,362 | ManagementAndGeneralAmt |
| Fundraising | $212,362 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,225,694 | TotalAmt |
| Program Services | $654,977 | ProgramServicesAmt |
| Management And General | $158,675 | ManagementAndGeneralAmt |
| Fundraising | $412,042 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,619 | TotalAmt |
| Program Services | $41,103 | ProgramServicesAmt |
| Management And General | $13,562 | ManagementAndGeneralAmt |
| Fundraising | $27,954 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,940 | TotalAmt |
| Program Services | $70,585 | ProgramServicesAmt |
| Management And General | $30,916 | ManagementAndGeneralAmt |
| Fundraising | $52,439 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,994 | TotalAmt |
| Management And General | $4,994 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,288 | TotalAmt |
| Management And General | $61,288 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $495 | TotalAmt |
| Management And General | $495 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246 | TotalAmt |
| Fundraising | $246 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,253 | TotalAmt |
| Management And General | $47,253 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $365,995 | TotalAmt |
| Program Services | $219,597 | ProgramServicesAmt |
| Management And General | $73,199 | ManagementAndGeneralAmt |
| Fundraising | $73,199 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,182 | TotalAmt |
| Program Services | $68,548 | ProgramServicesAmt |
| Fundraising | $115,634 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,404 | TotalAmt |
| Program Services | $54,833 | ProgramServicesAmt |
| Management And General | $47,981 | ManagementAndGeneralAmt |
| Fundraising | $9,590 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,731 | TotalAmt |
| Program Services | $6,439 | ProgramServicesAmt |
| Management And General | $4,292 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,454 | TotalAmt |
| Program Services | $12,360 | ProgramServicesAmt |
| Management And General | $6,367 | ManagementAndGeneralAmt |
| Fundraising | $18,727 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,226 | TotalAmt |
| Management And General | $13,226 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,503 | TotalAmt |
| Management And General | $6,503 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROGRAM EXPENSE | $178,582 | $89,291 | $89,291 | |
| LEASE EXPENSE | $49,872 | $29,923 | $19,949 | |
| DUES AND SUBSCRIPTIONS | $44,446 | $44,446 | ||
| EVENTS AND PARTNERSHIPS | $39,966 | $24,379 | $5,196 | $10,391 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,422 | TotalAmt |
| Program Services | $12,218 | ProgramServicesAmt |
| Management And General | $4,188 | ManagementAndGeneralAmt |
| Fundraising | $4,016 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,599,498 | TotalAmt |
| Program Services | $15,818,715 | ProgramServicesAmt |
| Management And General | $844,183 | ManagementAndGeneralAmt |
| Fundraising | $936,600 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,074 | BOYAmt |
| EOY | $177 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,987,642 | BOYAmt |
| EOY | $10,636,544 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,932,181 | BOYAmt |
| EOY | $2,870,173 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,000 | BOYAmt |
| EOY | $82,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,356 | BOYAmt |
| EOY | $27,474 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $89,574 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $40,708 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,092 | BOYAmt |
| EOY | $48,866 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,312,324 | BOYAmt |
| EOY | $14,042,497 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,002 | BOYAmt |
| EOY | $78,144 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,641,671 | BOYAmt |
| EOY | $27,785,875 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $596,379 | BOYAmt |
| EOY | $478,758 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $651,383 | BOYAmt |
| EOY | $460,219 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,247,762 | BOYAmt |
| EOY | $938,977 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,497,604 | BOYAmt |
| EOY | $3,423,488 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,896,305 | BOYAmt |
| EOY | $23,423,410 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,393,909 | BOYAmt |
| EOY | $26,846,898 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,641,671 | BOYAmt |
| EOY | $27,785,875 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $328,696 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $124,293 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,887,460 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,657,055 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $15,364,635 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,329,618 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,437,196 | CurrentTaxYearAmt |
| Total | $70,675,964 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,887,460 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,657,055 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $15,364,635 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,329,618 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,437,196 | CurrentTaxYearAmt |
| Total | $70,675,964 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $8,866,932 | SubstantialContributorsTotAmt |
| Public Support Total170 | $61,809,032 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $92,187 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $120,818 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $154,172 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $489,523 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $702,385 | CurrentTaxYearAmt |
| Total | $1,559,085 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $6,658 | CurrentTaxYearAmt |
| Total | $6,658 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $72,241,707 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $403,290 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.85560 | PublicSupportCY170Pct |
| Public Support PY170 | 0.81980 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | SPECIAL EVENT TICKET - 2024 AMOUNT: $ 6,658. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $495 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $495 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | INVEST IN EDUCATION: ENDORSEMENT OF THE EDUCATIONAL CHOICE FOR CHILDREN ACT | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,125 | DepreciationAmt |
| Book Value | $4,875 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $79,574 | OtherCostOrOtherBasisAmt |
| Depreciation | $35,583 | DepreciationAmt |
| Book Value | $43,991 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $48,866 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| LEASE LIABILITY | $83,031 |
| SCHOLARSHIP FUNDS HELD FOR OTHERS | $377,188 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $460,219 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $18,005,234 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $124,293 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$47,253 | OtherRevenueAmt |
| Revenue Not Reported | $77,040 | RevenueNotReportedAmt |
| Revenue Subtotal | $17,928,194 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,928,194 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $17,552,245 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $17,552,245 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $47,253 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $47,253 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $17,599,498 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ORGANIZATION ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATION EXPENSES. THERE WERE NO UNRECOGNIZED TAX BENEFITS RECORDED DURING THE PERIODS PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS -47,253. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS 47,253. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIP PROGRAM | GrantTypeTxt |
| Recipient | 171 | RecipientCnt |
| Cash Grant | $14,339,438 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION ISSUES GRANT PAYMENTS DIRECTLY TO EACH RECIPIENT'S SCHOOL. PRIOR TO THE ISSUANCE OF THE GRANT, THE ORGANIZATION HAS A DUE DILIGENCE PROCESS TO ENSURE THE SCHOOL IS ACCREDITED AND THEN CONFIRMS WITH THE SCHOOL TO ENSURE THE STUDENT IS ENROLLED. SCHOLARSHIP RECIPIENTS ARE DECIDED BY A PROCESS THAT CONSIDERS THE FAMILY'S INCOME AGAINST THRESHOLDS ESTABLISHED BY THE DEPARTMENT OF COMMUNITY & ECONOMIC DEVELOPMENT. ONCE SELECTED IN THE LOTTERY, FAMILIES MUST SUBMIT FINANCIAL DOCUMENTS ANNUALLY TO CONFIRM CONTINUED ELIGIBILITY. THERE ARE NO GRADE REQUIREMENTS TO RECEIVE A SCHOLARSHIP. CONTRIBUTIONS TO OTHER NON-PROFIT ORGANIZATIONS ARE SOMETIMES DISTRIBUTED AS THE NEED ARISES. THESE DONATIONS ARE IN LINE WITH THE MISSION OF THE ORGANIZATION AND NO FURTHER DOCUMENTATION IS REQUIRED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KEISHA JORDAN | ||||||||||||||
| PRESIDENT & CEO | $205,699 | $0 | $17,800 | $0 | $0 | $0 | $8,940 | $0 | $10,276 | $0 | $242,715 | $0 | $0 | $0 |
| JENNIFER BURNS | ||||||||||||||
| CHIEF ADVANCEMENT OFFICER | $178,642 | $0 | $500 | $0 | $0 | $0 | $4,820 | $0 | $9,914 | $0 | $193,876 | $0 | $0 | $0 |
| JULIA RAIKEN | ||||||||||||||
| CHIEF PROGRAM OFFICER | $176,800 | $0 | $7,000 | $0 | $0 | $0 | $7,352 | $0 | $117 | $0 | $191,269 | $0 | $0 | $0 |
| MEGAN SARAH STAPLES | ||||||||||||||
| VP OF DEVELOPMENT | $135,200 | $0 | $6,000 | $0 | $0 | $0 | $2,519 | $0 | $7,076 | $0 | $150,795 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | BONUSES ARE PROVIDED TO EXECUTIVES BASED UPON CRITERIA THAT ARE ASSOCIATED WITH PERSONAL PERFORMANCE-BASED RECOGNITION USING CUSTOMIZED PERFORMANCE GOALS. THE OVERALL PERFORMANCE OF THE ORGANIZATION AND ITS STRATEGIC GOALS ARE ALSO CONSIDERED WHEN DETERMINING BONUS ELIGIBILITY. THE EXECUTIVE COMMITTEE AND THE CEO DETERMINE BONUSES FOR EMPLOYEES WHILE THE EXECUTIVE COMMITTEE DETERMINES BONUS ELIGIBILITY FOR THE CEO AND APPROVES ANY BONUS TO BE AWARDED. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $368,665 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NYSE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED THOROUGHLY BY THE VICE PRESIDENT OF OPERATIONS AND THE PRESIDENT AND CEO PRIOR TO SHARING THE RETURN WITH THE FINANCE COMMITTEE. THE FINANCE COMMITTEE FURTHER REVIEWS THE 990 FOR ACCURACY BEFORE AUTHORIZING THE TREASURER TO SIGN. A COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER BEFORE FILING THE RETURN WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE AND THE PRESIDENT MONITORS THE RESPONSES. CONFLICTS ARE REVIEWED AND RESOLVED IN A TIMELY MANNER. |
| FORM 990, PART VI, SECTION B, LINE 15 | IN NOVEMBER 2023, CSFP ENLISTED ITS PEO TO PERFORM A COMPENSATION STUDY BY UTILIZING COMPARABLE MARKET DATA FROM THE ECONOMIC RESOURCE INSTITUTE AND SALARY.COM. CSFP MADE BEST EFFORTS TO ENSURE THAT EMPLOYEES ARE BEING COMPENSATED AT THE 25TH PERCENTILE IN 2024 GIVEN THEIR QUALIFICATIONS AND POSITION LEVEL. THIS DOCUMENT IS AVAILABLE UPON REQUEST. CSFP IS IN THE PROCESS OF HIRING A CONSULTANT TO COMPLETE ANOTHER COMPENSATION STUDY FOR 2025 WHICH WILL INCLUDE REBUTTABLE CRITERIA TO SUPPORT REASONABLE COMPENSATION FOR THE OFFICER LEVEL POSITIONS. ON A GOING-FORWARD BASIS, BOARD LEVEL DISCUSSIONS ON COMPENSATION WILL BE DOCUMENTED IN BOARD MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
Comments