Education : Scholarship and Financial Support

Children's Scholarship Fund

Giving parents a choice - giving children a chance

four stars

94.47

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 94.47 four stars
  Financial 92.19 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 07/01/2019 and includes data from FY2018, 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

four stars

92.19

Accountability & Transparency

four stars

100.00

This rating was published 07/01/2019 and includes data from FY2018, 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)
94.5%
  Administrative Expenses 1.7%
  Fundraising Expenses 3.7%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 0.85
  Program Expenses Growth 4.7%
  Liabilities to Assets 1.6%
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.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $27,906,739
   Federated Campaigns $12,574
   Membership Dues $0
   Fundraising Events $568,102
   Related Organizations $0
   Government Grants $0
Total Contributions $28,487,415
   Program Service Revenue $0
Total Primary Revenue $28,487,415
   Other Revenue $224,774
TOTAL REVENUE $28,712,189
   
EXPENSES  
   Program Expenses $24,446,628
   Administrative Expenses $432,503
   Fundraising Expenses $1,047,349
TOTAL FUNCTIONAL EXPENSES $25,926,480
   
Payments to Affiliates $0
Excess (or Deficit) for the year $2,785,709
   
Net Assets $20,063,931

Charts

Compensation % of Expenses Paid to Title
$304,322 1.17% Darla M. Romfo President, COO

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Children's Scholarship Fund (NY) 94.47 four stars
The Posse Foundation (NY) 89.18 three stars
College Now Greater Cleveland (OH) 94.29 four stars
Point Foundation (CA) 87.42 three stars
Institute for Quality Education (IN) 86.56 three stars

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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