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Education : Scholarship and Financial Support

George Snow Scholarship Fund Inc.

Ensuring that no deserving scholar in our community will be deprived of higher education.

96.46

201 Plaza Real Suite 260
Boca Raton, FL 33432
tel: (561) 347-6799   Web Site
EIN: 59-2162597

Board Leadership
Albert J. Tavasos
Chairman of the Board

CEO
Timothy G. Snow
President

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 96.46
  Financial 95.00
  Accountability & Transparency 100.00
This rating was published 07/01/2021 and includes data from FY2019, the most recent 990 received at that time.

The George Snow Scholarship Fund is dedicated to helping individuals in financial need through a scholarship program for residents of South Florida, who are continuing their education. Our goal is to help deserving individuals within our community achieve their career goals, an objective which has the added benefit of bettering the community at large. In short, our goal is to insure that no deserving scholar in our community will be deprived of higher education because of a shortage of funds. By providing financial assistance and a host of supplementary support services, we ensure that your scholarship recipients have the resources they need to thrive academically.

The George Snow Scholarship Fund is dedicated to helping individuals in financial need through a scholarship program for residents of South Florida, who are continuing their education. Our goal is to help deserving individuals within our community achieve their career goals, an objective which has the added benefit of bettering the community at large. In short, our goal is to insure that no deserving scholar in our community will be deprived of higher education because of a shortage of funds. By providing financial assistance and a host of supplementary support services, we ensure that your scholarship recipients have the resources they need to thrive academically.

Impact & Results Score

Score
75/100
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
George Snow Scholarship Fund Inc grants scholarships to beneficiaries.
Impact Statement
$12,000 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 George Snow Scholarship Fund Inc..
Data Source
Output data collected during the program. George Snow Scholarship Fund Inc 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

95.00

Accountability & Transparency

100.00

This rating was published 07/01/2021 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)
85.7%
  Administrative Expenses 9.5%
  Fundraising Expenses 4.6%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 1.88
  Program Expenses Growth 17.8%
  Liabilities to Assets 33.7%
All data for Financial Performance Metrics calculations was provided by George Snow Scholarship Fund Inc. on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by George Snow Scholarship Fund Inc. on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
George Snow Scholarship Fund Inc. (FL) 96.46
Scholarship Foundation of St. Louis (MO) 97.51
Extra Mile Education Foundation (PA) 87.68
The Albert Baker Fund (CA) 85.51
Seeds of Hope Charitable Trust (CO) 98.23

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,616,350
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $842,377
   Related Organizations $0
   Government Grants $0
Total Contributions $2,458,727
   Program Service Revenue $0
Total Primary Revenue $2,458,727
   Other Revenue $-74,737
TOTAL REVENUE $2,383,990
   
EXPENSES  
   Program Expenses $1,747,664
   Administrative Expenses $173,212
   Fundraising Expenses $150,493
TOTAL FUNCTIONAL EXPENSES $2,071,369
   
Payments to Affiliates $0
Excess (or Deficit) for the year $312,621
   
Net Assets $4,051,957

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 $1,747,664 100.0%

Ratings History
George Snow Scholarship Fund Inc. has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 07/01/2021 96.46
2018-12 04/01/2020 100.00
2018-12 03/01/2020 97.17

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

EIN 59-2162597
Name in IRS Master File GEORGE SNOW SCHOLARSHIP FUND INC
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 (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 May, 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, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$185,597 8.96% Timothy G. Snow President

Highly Rated

Charity Name & State Overall Score Overall Rating
George Snow Scholarship Fund Inc. (FL) 96.46
College Now Greater Cleveland (OH) 94.00
Step Up For Students (FL) 95.84
Pardes Institute of Jewish Studies, North America (NY) 93.15
The Francis Ouimet Scholarship Fund (MA) 91.74

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

George Snow Scholarship Fund Inc.
201 Plaza Real
Suite 260
Boca Raton, FL 33432
tel: (561) 347-6799
EIN: 59-2162597

Visit Web Site

Board Leadership

Albert J. Tavasos
Chairman of the Board

CEO

Timothy G. Snow
President

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