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Education : Scholarship and Financial Support

Memphis Opportunity Scholarship Trust

Providing children's educational opportunities since 1998

85.79

1000 Ridgeway Loop Road Suite 205
Memphis, TN 38120
tel: (901) 842-5327   Web Site
EIN: 62-1723618

Board Leadership
Robert M. Solmson
Board Chair

CEO
Abby Cowens
Executive Director

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 85.79
  Financial 81.17
  Accountability & Transparency 93.00
This rating was published 08/03/2021 and includes data from FY2020, the most recent 990 received at that time.

The mission of MOST is to give Memphis-area families the opportunity to send their children to the schools of their choice. To fulfill its mission, MOST offers partial need-based scholarships, beginning in PK3 through grade 1, for qualified families who wish to send their children to private or parochial schools. Families who qualify financially may apply for a scholarship for their preschooler, kindergartner, first-grader, or special-needs child.

The mission of MOST is to give Memphis-area families the opportunity to send their children to the schools of their choice. To fulfill its mission, MOST offers partial need-based scholarships, beginning in PK3 through grade 1, for qualified families who wish to send their children to private or parochial schools. Families who qualify financially may apply for a scholarship for their preschooler, kindergartner, first-grader, or special-needs child.

Financial

81.17

Accountability & Transparency

93.00

This rating was published 08/03/2021 and includes data from FY2020, 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)
71.6%
  Administrative Expenses 23.0%
  Fundraising Expenses 5.2%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 4.13
  Program Expenses Growth -5.2%
  Liabilities to Assets < 0.1%
All data for Financial Performance Metrics calculations was provided by Memphis Opportunity Scholarship Trust on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Memphis Opportunity Scholarship Trust on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Memphis Opportunity Scholarship Trust (TN) 85.79
Take Stock in Children Palm Beach County (FL) 87.27
Southern Scholarship Foundation (FL) 95.36
Extra Mile Education Foundation (PA) 87.68
Scholarship Foundation of Santa Barbara (CA) 91.16

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $530,005
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $140,851
   Related Organizations $0
   Government Grants $0
Total Contributions $670,856
   Program Service Revenue $0
Total Primary Revenue $670,856
   Other Revenue $24,961
TOTAL REVENUE $695,817
   
EXPENSES  
   Program Expenses $839,960
   Administrative Expenses $305,248
   Fundraising Expenses $68,555
TOTAL FUNCTIONAL EXPENSES $1,213,763
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-517,946
   
Net Assets $5,428,696

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 and Grants $839,960 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2020-06 08/03/2021 85.79
2019-06 06/01/2020 84.87
2018-06 11/01/2019 88.98

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

EIN 62-1723618
Name in IRS Master File MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC
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 (994) Described in section 170(b)1)(a)(vi) of the Code
(40) Scholarships (other)
(43) Other student aid
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 April, 1998
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, 2014
Compensation % of Expenses Paid to Title
$100,422 8.27% Leanne McQuown Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Memphis Opportunity Scholarship Trust (TN) 85.79
District of Columbia College Access Program (DC) 89.26
The College Crusade of Rhode Island (RI) 90.53
10,000 Degrees (CA) 92.45
College Now Greater Cleveland (OH) 94.00

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Charity Contact Info

Memphis Opportunity Scholarship Trust
1000 Ridgeway Loop Road
Suite 205
Memphis, TN 38120
tel: (901) 842-5327
fax: (901) 842-5331
EIN: 62-1723618

Visit Web Site

Board Leadership

Robert M. Solmson
Board Chair

CEO

Abby Cowens
Executive Director

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