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Education : Scholarship and Financial Support

Scholarship Foundation of St. Louis

Opening doors to education

four stars

97.51

6825 Clayton Ave Suite 100
St. Louis, MO 63139
tel: (314) 725-7990   Web Site
EIN: 43-6031234

Board Leadership
Buron Buffkin
President

CEO
Faith Sandler
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 97.51 four stars
  Financial 96.48 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.

The Scholarship Foundation of St. Louis, a nonprofit organization founded in 1920, is based upon the conviction that an educated society is essential to a healthy democracy. The Scholarship Foundation provides access to postsecondary education to members of our community who otherwise would not have the financial means to fulfill their educational goals. The Foundation sees higher education as a catalyst, an agent of change for individuals, families, communities, and nations. We envision a community that recognizes the importance of educational attainment and assures positive educational outcomes are accessible to all regardless of economic circumstance.

The Scholarship Foundation of St. Louis, a nonprofit organization founded in 1920, is based upon the conviction that an educated society is essential to a healthy democracy. The Scholarship Foundation provides access to postsecondary education to members of our community who otherwise would not have the financial means to fulfill their educational goals. The Foundation sees higher education as a catalyst, an agent of change for individuals, families, communities, and nations. We envision a community that recognizes the importance of educational attainment and assures positive educational outcomes are accessible to all regardless of economic circumstance.

Impact & Results Score

Score
75/100
Program Name: Grant programs
Program Name: Grant programs

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
Scholarship Foundation Of St Louis grants scholarships to beneficiaries.
Impact Statement
$10,000 increases income for a scholarship recipient in need by $13,000.
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 Scholarship Foundation of St. Louis.
Data Source
Output data collected during the program. Scholarship Foundation Of St Louis 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

four stars

96.48

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.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
89.9%
  Administrative Expenses 3.8%
  Fundraising Expenses 6.1%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 5.70
  Program Expenses Growth 6.5%
  Liabilities to Assets 1.8%
All data for Financial Performance Metrics calculations was provided by Scholarship Foundation of St. Louis on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Scholarship Foundation of St. Louis on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Scholarship Foundation of St. Louis (MO) 97.51 four stars
Children of Fallen Patriots Foundation (VA) 98.06 four stars
Catholic Education Arizona (AZ) 85.06 three stars
Arizona Christian School Tuition Organization (AZ) 96.66 four stars
Alliance for Education (WA) 87.19 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $7,693,789
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $7,693,789
   Program Service Revenue $2,103,864
Total Primary Revenue $9,797,653
   Other Revenue $498,487
TOTAL REVENUE $10,296,140
   
EXPENSES  
   Program Expenses $6,716,933
   Administrative Expenses $232,190
   Fundraising Expenses $459,754
TOTAL FUNCTIONAL EXPENSES $7,408,877
   
Payments to Affiliates $0
Excess (or Deficit) for the year $2,887,263
   
Net Assets $43,477,461

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
Access to Post-Secondary Education $6,716,933 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 05/01/2021 97.51 four stars
2018-12 12/01/2019 88.47 three stars
2017-12 04/01/2019 87.18 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 43-6031234
Name in IRS Master File SCHOLARSHIP FOUNDATION OF ST LOUIS
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
(40) Scholarships (other)
(917) Thrift ship, retail outlet, etc.
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 February, 1983
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
$186,730 2.52% Faith Sandler Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Scholarship Foundation of St. Louis (MO) 97.51 four stars
Columbus Citizens Foundation (NY) 87.24 three stars
Page Education Foundation (MN) 93.74 four stars
Association of Waldorf Schools of North America (CO) 86.86 three stars
Summer Camp Opportunities Promote Education (SCOPE) (NY) 92.15 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Scholarship Foundation of St. Louis
6825 Clayton Ave
Suite 100
St. Louis, MO 63139
tel: (314) 725-7990
fax: (314) 725-5231
EIN: 43-6031234

Visit Web Site

Board Leadership

Buron Buffkin
President

CEO

Faith Sandler
Executive Director

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