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Education : Scholarship and Financial Support

Children's Scholarship Fund Philadelphia

Hope, Opportunity, Success

four stars

98.87

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
Heather Weiss Frattone
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 98.87 four stars
  Financial 98.41 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 02/01/2019 and includes data from FY2017, the most recent 990 received at that time.

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 low-income 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 over 24,500 scholarships chosen from 175,000 applications in the last seventeen years.

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 low-income 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 over 24,500 scholarships chosen from 175,000 applications in the last seventeen years.

Impact Information

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This impact information is current as of September 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

four stars

98.41

Accountability & Transparency

four stars

100.00

This rating was published 02/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
94.0%
  Administrative Expenses 2.3%
  Fundraising Expenses 3.6%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 1.49
  Program Expenses Growth 8.4%
  Liabilities to Assets 1.9%
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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Children's Scholarship Fund Philadelphia (PA) 98.87 four stars
I Know I Can (OH) 95.00 four stars
Pardes Institute of Jewish Studies, North America (NY) 87.65 three stars
Foster Care to Success (OH) 88.29 three stars
Step Up For Students (FL) 96.66 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $13,767,592
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $13,767,592
   Program Service Revenue $121,923
Total Primary Revenue $13,889,515
   Other Revenue $79,074
TOTAL REVENUE $13,968,589
   
EXPENSES  
   Program Expenses $10,768,208
   Administrative Expenses $286,151
   Fundraising Expenses $441,827
TOTAL FUNCTIONAL EXPENSES $11,496,186
   
Payments to Affiliates $0
Excess (or Deficit) for the year $2,472,403
   
Net Assets $16,500,259

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 $10,768,208 100.0%

Ratings History
Children's Scholarship Fund Philadelphia has received 7 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$199,673 1.73% Ina Lipman Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Children's Scholarship Fund Philadelphia (PA) 98.87 four stars
Tri-County Scholarship Fund (NJ) 95.06 four stars
Columbus Citizens Foundation (NY) 85.39 three stars
Student Sponsor Partners (NY) 92.91 four stars
Thurgood Marshall College Fund (DC) 92.15 four stars

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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

Heather Weiss Frattone
Executive Director

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