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Education : Scholarship and Financial Support

Children's Scholarship Fund

Giving parents a choice - giving children a chance

three stars

89.39

Eight West 38th Street 9th Floor
New York, NY 10018
tel: (212) 515-7100   Web Site
EIN: 13-4002189

Board Leadership
Michael D. McCurry
Chair

CEO
Darla Romfo
President & COO

  Score
(out of 100)
Rating
Overall Score & Rating 89.39 three stars
  Financial 85.00 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 06/01/2018 and includes data from FY2017, the most recent 990 received at that time.

At the Children's Scholarship Fund (CSF), we believe a quality elementary school education puts children on the path to success in life. We expand educational opportunity by providing scholarships to families in need so children can attend the K-8 schools that best meet their needs and help them reach their full potential, regardless of their ability to pay or where they live.

With our partner programs nationwide, CSF currently funds and manages scholarships for almost 24,000 children. These CSF Scholars live close to/below the federal poverty line yet their families are all paying at least 25 percent of their tuition each year. We believe this financial contribution is key to our program's success, encouraging strong family involvement and ensuring that CSF families are fully invested and empowered in their children's education. Our research finds CSF Scholars graduate high school on time and enroll in college at significantly higher rates than their public school peers.

At the Children's Scholarship Fund (CSF), we believe a quality elementary school education puts children on the path to success in life. We expand educational opportunity by providing scholarships to families in need so children can attend the K-8 schools that best meet their needs and help them reach their full potential, regardless of their ability to pay or where they live.

With our partner programs nationwide, CSF currently funds and manages scholarships for almost 24,000 children. These CSF Scholars live close to/below the federal poverty line yet their families are all paying at least 25 percent of their tuition each year. We believe this financial contribution is key to our program's success, encouraging strong family involvement and ensuring that CSF families are fully invested and empowered in their children's education. Our research finds CSF Scholars graduate high school on time and enroll in college at significantly higher rates than their public school peers.

Impact Information

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Financial

three stars

85.00

Accountability & Transparency

four stars

100.00

This rating was published 06/01/2018 and includes data from FY2017, 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)
94.8%
  Administrative Expenses 1.6%
  Fundraising Expenses 3.4%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 0.77
  Program Expenses Growth -2.7%
  Liabilities to Assets 5.9%
All data for Financial Performance Metrics calculations was provided by Children's Scholarship Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Children's Scholarship Fund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Children's Scholarship Fund (NY) 89.39 three stars
NBCC Foundation (NC) 87.14 three stars
Arizona Private Education Scholarship Fund (AZ) 94.74 four stars
Carson Scholars Fund (MD) 89.91 three stars
Arizona Christian School Tuition Organization (AZ) 91.05 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $23,704,902
   Federated Campaigns $17,145
   Membership Dues $0
   Fundraising Events $124,165
   Related Organizations $0
   Government Grants $0
Total Contributions $23,846,212
   Program Service Revenue $0
Total Primary Revenue $23,846,212
   Other Revenue $83,535
TOTAL REVENUE $23,929,747
   
EXPENSES  
   Program Expenses $20,888,868
   Administrative Expenses $417,534
   Fundraising Expenses $804,888
TOTAL FUNCTIONAL EXPENSES $22,111,290
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,818,457
   
Net Assets $17,278,222

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 $19,899,322 95.3%
Program Staff $989,546 4.7%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-08 06/01/2018 89.39 three stars
2016-08 06/01/2017 91.16 four stars
2015-08 10/01/2016 91.16 four stars
2015-08 06/01/2016 89.86 three stars
 
CN 2.0
2015-08 03/01/2016 83.02 three stars
2014-08 09/01/2015 83.72 three stars
2013-08 07/01/2014 83.77 three stars
2012-08 07/01/2013 83.77 three stars
2011-08 05/01/2012 90.50 four stars
2010-08 09/20/2011 96.27 four stars
 
CN 1.0
2010-08 07/01/2011 94.72 four stars
2009-08 08/01/2010 94.74 four stars
2008-08 07/01/2009 94.73 four stars
2007-08 08/01/2008 94.65 four stars
2006-08 07/01/2007 94.62 four 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 13-4002189
Name in IRS Master File THE CHILDRENS SCHOLARSHIP FUND
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
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, 1998
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
  • August, 2013

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

Compensation % of Expenses Paid to Title
$273,455 1.23% Darla M. Romfo President, COO

Highly Rated

Charity Name & State Overall Score Overall Rating
Children's Scholarship Fund (NY) 89.39 three stars
Hispanic Scholarship Fund (CA) 89.06 three stars
Jackie Robinson Foundation (NY) 86.86 three stars
Children of Fallen Patriots Foundation (VA) 95.38 four stars
North Carolina Agricultural Foundation (NC) 94.73 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Children's Scholarship Fund
Eight West 38th Street
9th Floor
New York, NY 10018
tel: (212) 515-7100
fax: (212) 515-7111
EIN: 13-4002189

Visit Web Site

Board Leadership

Michael D. McCurry
Chair

CEO

Darla Romfo
President & COO

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