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Education : Adult Education Programs and Services

Arkansas Single Parent Scholarship Fund Program

Opening a world of opportunity

three stars

89.38

614 East Emma Avenue Suite 119
Springdale, AR 72764
tel: (479) 927-1402   Web Site
EIN: 71-0704088

Board Leadership
Joshua Mahony
President

CEO
Ruthanne Hill
Executive Director

 
 
  Score
(out of 100) 		Rating
Overall Score & Rating 89.38 three stars
  Financial 99.54 four stars
  Accountability & Transparency 85.00 three stars
This rating was published 12/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Why isn't this based on more recent data?

In recognition of the severe impoverishment of single-parent families in Arkansas, the Arkansas Single Parent Scholarship Fund (ASPSF) was established in 1990. Modeled on successful incentive scholarship funds in two northwest Arkansas counties, the goal of the ASPSF is to assist low-income single parents to complete their post-secondary education in preparation for skilled employment. Our strategy is to work at the county level to organize affiliate scholarship funds operated by local residents and provide on-site assistance with all phases of affiliate development.

In recognition of the severe impoverishment of single-parent families in Arkansas, the Arkansas Single Parent Scholarship Fund (ASPSF) was established in 1990. Modeled on successful incentive scholarship funds in two northwest Arkansas counties, the goal of the ASPSF is to assist low-income single parents to complete their post-secondary education in preparation for skilled employment. Our strategy is to work at the county level to organize affiliate scholarship funds operated by local residents and provide on-site assistance with all phases of affiliate development.

Impact Information

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Financial

four stars

99.54

Accountability & Transparency

three stars

85.00

This rating was published 12/01/2018 and includes data from FY2017, 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)		 83.5%
  Administrative Expenses 9.3%
  Fundraising Expenses 7.0%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 3.89
  Program Expenses Growth 6.0%
  Liabilities to Assets 3.2%
All data for Financial Performance Metrics calculations was provided by Arkansas Single Parent Scholarship Fund Program on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Arkansas Single Parent Scholarship Fund Program 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

Highly Rated

Charity Name & State Overall Score Overall Rating
Arkansas Single Parent Scholarship Fund Program (AR) 89.38 three stars
American Friends of Nishmat (NY) 94.07 four stars
Street Law, Inc. (MD) 87.19 three stars
The National GEM Consortium (VA) 91.09 four stars
The Shalom Hartman Institute of North America (NY) 91.51 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,266,412
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $265,000
Total Contributions $6,531,412
   Program Service Revenue $0
Total Primary Revenue $6,531,412
   Other Revenue $96,976
TOTAL REVENUE $6,628,388
   
EXPENSES  
   Program Expenses $1,900,616
   Administrative Expenses $221,656
   Fundraising Expenses $172,360
TOTAL FUNCTIONAL EXPENSES $2,294,632
   
Payments to Affiliates $0
Excess (or Deficit) for the year $4,333,756
   
Net Assets $10,102,219

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 Fund $1,900,616 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 12/01/2018 89.38 three stars
2016-12 02/01/2018 89.39 three stars
2015-12 12/01/2016 89.39 three stars
2014-12 06/01/2016 75.50 two stars
 
CN 2.0
2014-12 11/01/2015 75.29 two stars
2013-12 04/01/2015 83.85 three stars
2012-12 05/01/2014 82.12 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 71-0704088
Name in IRS Master File THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
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 November, 1991
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
None reported -- This organization did not report a CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Arkansas Single Parent Scholarship Fund Program (AR) 89.38 three stars
Society for Classical Studies (NY) 93.82 four stars
Mercy Learning Center of Bridgeport (CT) 96.45 four stars
Literacy Action (GA) 90.52 four stars
Education For Employment (DC) 90.31 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Arkansas Single Parent Scholarship Fund Program
614 East Emma Avenue
Suite 119
Springdale, AR 72764
tel: (479) 927-1402
EIN: 71-0704088

Visit Web Site

Board Leadership

Joshua Mahony
President

CEO

Ruthanne Hill
Executive Director

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