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Education : Scholarship and Financial Support

Denver Scholarship Foundation

College. It's Possible.

four stars

90.08

789 Sherman Street Suite 610
Denver, CO 80203
tel: (303) 951-4140   Web Site
EIN: 20-5143175

Board Leadership
Bob F. Deibel
Chair

CEO
Lorii Rabinowitz
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 90.08 four stars
  Financial 88.48 three stars
  Accountability & Transparency 92.00 four stars
This rating was published 05/01/2020 and includes data from FY2019, the most recent 990 received at that time.

For many students in Denver, continuing their education beyond high school doesn't seem like a viable option. Most often, it's not low grades or lack of extracurricular activities keeping them from pursuing their dreams. There are thousands of intelligent, hard-working individuals facing the most intimidating barrier to college of all -- they think it just isn't possible. But the Denver Scholarship Foundation (DSF) is changing that. DSF inspires and empowers Denver Public School students to enroll in and graduate from post-secondary institutions of higher education by providing the tools knowledge, and financial resources essential for success.

For many students in Denver, continuing their education beyond high school doesn't seem like a viable option. Most often, it's not low grades or lack of extracurricular activities keeping them from pursuing their dreams. There are thousands of intelligent, hard-working individuals facing the most intimidating barrier to college of all -- they think it just isn't possible. But the Denver Scholarship Foundation (DSF) is changing that. DSF inspires and empowers Denver Public School students to enroll in and graduate from post-secondary institutions of higher education by providing the tools knowledge, and financial resources essential for success.

Impact & Results Score

Score
100/100
Program Name: Scholarship Program
Program Name: Scholarship Program

Note: The Impact & Results score currently has no effect on the nonprofit's Star Rating.

The Impact & Results score is a measure of how well a nonprofit delivers on its stated mission. To issue a score, Charity Navigator estimates the actual impact the nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact. Learn more about our Impact & Results methodology here.

Program Activities
Denver Scholarship Foundation grants scholarships to beneficiaries.
Impact Statement
$3,500 increases income for a scholarship recipient in need by $7,200.
Assessment Benchmark
Impact & Results scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a score of 50.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Denver Scholarship Foundation.
Data Source
Output data collected during the program. Denver Scholarship Foundation publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of September 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

88.48

Accountability & Transparency

four stars

92.00

This rating was published 05/01/2020 and includes data from FY2019, 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)
79.7%
  Administrative Expenses 9.9%
  Fundraising Expenses 10.3%
  Fundraising Efficiency $0.14
  Working Capital Ratio (years) 0.27
  Program Expenses Growth 11.2%
  Liabilities to Assets 0.9%
All data for Financial Performance Metrics calculations was provided by Denver Scholarship Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Denver Scholarship Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Denver Scholarship Foundation (CO) 90.08 four stars
ACCESS College Foundation (VA) 89.91 three stars
Extra Mile Education Foundation (PA) 89.00 three stars
Tri-County Scholarship Fund (NJ) 97.78 four stars
UNCF (DC) 86.39 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,361,945
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $803,413
   Related Organizations $0
   Government Grants $1,896,468
Total Contributions $7,061,826
   Program Service Revenue $0
Total Primary Revenue $7,061,826
   Other Revenue $1,098,906
TOTAL REVENUE $8,160,732
   
EXPENSES  
   Program Expenses $8,329,576
   Administrative Expenses $1,317,777
   Fundraising Expenses $1,059,683
TOTAL FUNCTIONAL EXPENSES $10,707,036
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-2,546,304
   
Net Assets $25,098,235

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
Scholarships $4,971,567 59.7%
Future Centers/College Access $2,197,203 26.4%
College Success $1,160,806 13.9%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 05/01/2020 90.08 four stars
2018-06 05/01/2019 87.89 three stars
2017-06 06/01/2018 83.55 three stars
2016-06 06/01/2017 82.38 three stars
2015-06 12/01/2016 84.02 three stars
2014-06 06/01/2016 81.53 three stars
 
CN 2.0
2014-06 09/01/2015 74.18 two stars
2013-06 04/01/2014 81.13 three 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 20-5143175
Name in IRS Master File DENVER SCHOLARSHIP FOUNDATION
NTEE Code B99
NTEE Classification Education N.E.C.
NTEE Type Educational Institutions and Related Activities
Classification Educational 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 August, 2007
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2015
Compensation % of Expenses Paid to Title
$180,741 1.68% Lorii Rabinowitz Chief Executive Officer

Highly Rated

Charity Name & State Overall Score Overall Rating
Denver Scholarship Foundation (CO) 90.08 four stars
Foster Care to Success (OH) 89.56 three stars
Association of Waldorf Schools of North America (CO) 86.86 three stars
College Now Greater Cleveland (OH) 94.00 four stars
Special Operations Warrior Foundation (FL) 91.83 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Denver Scholarship Foundation
789 Sherman Street
Suite 610
Denver, CO 80203
tel: (303) 951-4140
fax: (303) 951-4143
EIN: 20-5143175

Visit Web Site

Board Leadership

Bob F. Deibel
Chair

CEO

Lorii Rabinowitz
Chief Executive Officer

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