Children Scholarship Fund Philadelphia
- Assets
- $26.0m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 25
- Location
- Philadelphia, PA
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 23-3078729
Organization Overview
Children Scholarship Fund Philadelphia is located in Philadelphia, PA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Children Scholarship Fund Philadelphia employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Children Scholarship Fund Philadelphia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Children Scholarship Fund Philadelphia generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $13.4m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WITH OVER 20 YEARS OF EXPERIENCE AND OVER 30,000 SCHOLARS AWARDED, CSFP PROVIDES PHILADELPHIA CHILDREN WITH EIGHT-YEAR, NEEDS-BASED SCHOLARSHIPS TO ATTEND SAFE, QUALITY, K-8TH GRADE SCHOOLS. 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH OVER 20 YEARS OF EXPERIENCE AND OVER 28,500 SCHOLARSHIPS AWARDED, CSFP PROVIDES PHILADELPHIA CHILDREN WITH EIGHT-YEAR, NEEDS-BASED SCHOLARSHIPS TO ATTEND SAFE, QUALITY, K-8TH GRADE SCHOOLS. 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.
SCHOLARSHIP AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keisha Jordan President An | Officer | 40 | $215,500 |
Julia Raiken Chief Progra | 40 | $160,140 | |
Megan Staples VP Developme | 40 | $121,463 | |
Josh Barrickman Director | Trustee | 1 | $0 |
Jeremy Ben-Zev Director | Trustee | 1 | $0 |
Marc Bryant Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,364,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,364,635 |
| Total Program Service Revenue | $138,875 |
| Investment income | $154,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,728,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,100 |
| Grants and other assistance to domestic individuals. | $11,191,723 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,500 |
| Compensation of current officers, directors, key employees. | $75,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,212,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $391,735 |
| Advertising and promotion | $37,142 |
| Office expenses | $73,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,708 |
| Travel | $18,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,911 |
| All other expenses | $5,352 |
| Total functional expenses | $13,352,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,138,573 |
| Savings and temporary cash investments | $9,701,543 |
| Pledges and grants receivable | $3,062,201 |
| Accounts receivable, net | $75,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,114 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,019,763 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,775 |
| Total assets | $26,013,969 |
| Accounts payable and accrued expenses | $535,412 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $554,776 |
| Total liabilities | $1,090,188 |
| Net assets without donor restrictions | $1,201,884 |
| Net assets with donor restrictions | $23,721,897 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,013,969 |