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Education : Scholarship and Financial Support

Children's Scholarship Fund Philadelphia

Hope, Opportunity, Success

four stars

93.48

100 South Broad Street Suite 1200
Philadelphia, PA 19110
tel: (215) 670-8411   Web Site
EIN: 23-3078729

Board Leadership
Patrick J. Burke
Chair

CEO
Keisha Jordan
Executive Director

 
 

This organization has shared information about their results and/or practices to help inform your giving. Click to view this data.

  Score
(out of 100) 		Rating
Overall Score & Rating 93.48 four stars
  Financial 90.79 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 05/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Why isn't this based on more recent data?

Children's Scholarship Fund Philadelphia (CSFP) is a privately-funded program, established in 1998, whose mission is to broaden educational opportunities for K-8th grade students from under-resourced families in Philadelphia by providing them with tuition assistance. These four-year scholarships are need-based and awarded by random lottery. Currently, approximately 5,200 children have a CSFP scholarship to attend a private, parochial or other tuition-based community school. CSFP has awarded more than 28,500 scholarships in its 20-year history.

Children's Scholarship Fund Philadelphia (CSFP) is a privately-funded program, established in 1998, whose mission is to broaden educational opportunities for K-8th grade students from under-resourced families in Philadelphia by providing them with tuition assistance. These four-year scholarships are need-based and awarded by random lottery. Currently, approximately 5,200 children have a CSFP scholarship to attend a private, parochial or other tuition-based community school. CSFP has awarded more than 28,500 scholarships in its 20-year history.

Learn more about how we calculate the overall score and rating.

Financial

four stars

90.79

Accountability & Transparency

four stars

100.00

This rating was published 05/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 93.9%
  Administrative Expenses 2.4%
  Fundraising Expenses 3.5%
  Fundraising Efficiency $0.02
  Working Capital Ratio (years) 1.97
  Program Expenses Growth 0.8%
  Liabilities to Assets 2.0%
All data for Financial Performance Metrics calculations was provided by Children's Scholarship Fund Philadelphia on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Children's Scholarship Fund Philadelphia on recent 990s filed with the IRS.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Constituent Feedback

Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people/communities they serve, may be more effective. We've partnered with GuideStar by Candid to survey organizations about their feedback practices. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile.

Here's how this organization is listening and learning from the people they serve:
How is the organization collecting feedback?
Electronic surveys (by email, tablet, etc), Paper surveys, Focus groups or interviews (by phone or in person), Community meetings or town halls, Constituent (client or resident, etc) advisory committees
How is the organization using feedback?
To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve
With whom is the organization sharing feedback?
Our staff, Our board, Our funders, Our community partners
What challenges does the organization face when collecting feedback?
We don't have the right technology to collect and aggregate feedback efficiently, It is difficult to find the ongoing funding to support feedback collection
Describe a recent change in your organization that resulted from feedback.
Note: This organization did not answer this question
This Constituent Feedback information is provided to us by Candid. At this time, Constituent Feedback information published on this organization's page has no effect on its star rating per our methodology.

Highly Rated

Charity Name & State Overall Score Overall Rating
Children's Scholarship Fund Philadelphia (PA) 93.48 four stars
District of Columbia College Access Program (DC) 89.26 three stars
Great Aspirations Scholarship Program (GRASP) (VA) 100.00 four stars
Sentinels of Freedom Scholarship Foundation (CA) 85.81 three stars
ACE Scholarships (CO) 92.74 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $15,405,542
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $15,405,542
   Program Service Revenue $104,464
Total Primary Revenue $15,510,006
   Other Revenue $301,290
TOTAL REVENUE $15,811,296
   
EXPENSES  
   Program Expenses $10,963,818
   Administrative Expenses $268,959
   Fundraising Expenses $340,115
TOTAL FUNCTIONAL EXPENSES $11,572,892
   
Payments to Affiliates $0
Excess (or Deficit) for the year $4,238,404
   
Net Assets $22,882,429

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarship Awards $10,963,818 100.0%

Ratings History
Children's Scholarship Fund Philadelphia has received 9 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 05/01/2021 93.48 four stars
2018-12 12/01/2019 95.72 four stars
2017-12 02/01/2019 98.87 four stars
2016-12 04/01/2018 100.00 four stars
2015-12 05/01/2017 97.17 four stars
2014-12 08/01/2016 100.00 four stars
2014-12 06/01/2016 97.17 four stars
 
CN 2.0
2014-12 04/01/2016 97.13 four stars
2013-12 05/01/2015 94.30 four stars
2012-12 10/01/2013 94.15 four stars
2011-12 06/01/2013 97.09 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-3078729
Name in IRS Master File CHILDREN SCHOLARSHIP FUND PHILADELPHIA
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date June, 2001
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)		 (Log In or Register Now to View Forms 990!)
  • December, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$159,375 1.37% Heather Weiss Frattone Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Children's Scholarship Fund Philadelphia (PA) 93.48 four stars
Institute for Quality Education (IN) 86.56 three stars
Point Foundation (CA) 88.10 three stars
All Hands Raised (OR) 86.39 three stars
Foster Care to Success (OH) 89.56 three stars

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This charity has an official representative registered with Charity Navigator.

Constituent Feedback

This organization is sharing information on how they communicate with stakeholders to better inform your giving.

Charity Contact Info

Children's Scholarship Fund Philadelphia
100 South Broad Street
Suite 1200
Philadelphia, PA 19110
tel: (215) 670-8411
fax: (215) 670-5899
EIN: 23-3078729

Visit Web Site

Board Leadership

Patrick J. Burke
Chair

CEO

Keisha Jordan
Executive Director

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