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Education : Scholarship and Financial Support

Southern Scholarship Foundation

Providing qualified students with rent-free housing scholarships at select universities in Florida

four stars

97.00

322 Stadium Drive Tallahassee, FL 32304
tel: (850) 222-3833   Web Site
EIN: 59-0939481

Board Leadership
Mary Bedford
Chair of the Board

CEO
Shawn J. Woodin
President

  Score
(out of 100)
Rating
Overall Score & Rating 97.00 four stars
  Financial 98.61 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 03/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Incorporated in 1955, the Southern Scholarship Foundation works to help deserving young people who lack financial resources, but demonstrate excellent academic merit and moral character, attend institutions of higher education. Today the Foundation owns and/or operates a total of 25 scholarship houses; thirteen at Florida State University, three at Florida A&M University in Tallahassee, eight at the University of Florida in Gainesville, and one at Florida Gulf Coast University in Ft. Myers. We are currently housing 400 students and have assisted more than 8,000 students since our inception.

Incorporated in 1955, the Southern Scholarship Foundation works to help deserving young people who lack financial resources, but demonstrate excellent academic merit and moral character, attend institutions of higher education. Today the Foundation owns and/or operates a total of 25 scholarship houses; thirteen at Florida State University, three at Florida A&M University in Tallahassee, eight at the University of Florida in Gainesville, and one at Florida Gulf Coast University in Ft. Myers. We are currently housing 400 students and have assisted more than 8,000 students since our inception.

Impact Information

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Financial

four stars

98.61

Accountability & Transparency

four stars

96.00

This rating was published 03/01/2020 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)
80.2%
  Administrative Expenses 9.8%
  Fundraising Expenses 9.9%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 4.56
  Program Expenses Growth 10.0%
  Liabilities to Assets 2.6%
All data for Financial Performance Metrics calculations was provided by Southern Scholarship Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Southern Scholarship Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Southern Scholarship Foundation (FL) 97.00 four stars
Burger King McLamore Foundation (FL) 94.34 four stars
Alliance for Education (WA) 87.19 three stars
The Posse Foundation (NY) 88.93 three stars
Thanks USA (VA) 89.10 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,185,041
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,185,041
   Program Service Revenue $458,442
Total Primary Revenue $1,643,483
   Other Revenue $1,429,819
TOTAL REVENUE $3,073,302
   
EXPENSES  
   Program Expenses $1,653,765
   Administrative Expenses $164,536
   Fundraising Expenses $163,635
TOTAL FUNCTIONAL EXPENSES $1,981,936
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,091,366
   
Net Assets $16,487,979

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
Rent Free Housing $1,653,765 100.0%

Ratings History
Southern Scholarship Foundation has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 03/01/2020 97.00 four stars
2017-12 02/01/2019 94.17 four stars
2016-12 05/01/2018 92.18 four stars
2015-12 02/01/2017 87.00 three stars
2014-12 06/01/2016 88.52 three stars
 
CN 2.0
2014-12 12/22/2015 87.99 three stars
2013-12 06/01/2015 91.06 four stars
2012-12 12/01/2013 86.89 three stars
2011-12 10/01/2012 88.16 three stars
2010-12 04/01/2012 75.92 two stars
2009-12 12/23/2011 75.31 two stars
2008-12 09/20/2011 75.84 two stars
 
CN 1.0
2008-12 04/01/2010 67.65 one star
2007-12 06/01/2009 80.35 three stars
2006-12 12/01/2007 92.05 four stars
2005-12 02/01/2007 92.17 four stars
2004-12 01/01/2006 83.36 three stars
2003-12 12/01/2004 90.99 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 59-0939481
Name in IRS Master File SOUTHERN SCHOLARSHIP FOUNDATION 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 (59) Other school related activities
(927) Fundraising
(399) Other housing 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 March, 1957
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
$103,728 5.23% Shawn Woodin President

Highly Rated

Charity Name & State Overall Score Overall Rating
Southern Scholarship Foundation (FL) 97.00 four stars
NBCC Foundation (NC) 86.21 three stars
American Technion Society (NY) 86.64 three stars
Carson Scholars Fund (MD) 89.02 three stars
Columbus Citizens Foundation (NY) 87.24 three stars

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Charity Contact Info

Southern Scholarship Foundation
322 Stadium Drive
Tallahassee, FL 32304
tel: (850) 222-3833
fax: (850) 222-6750
EIN: 59-0939481

Visit Web Site

Board Leadership

Mary Bedford
Chair of the Board

CEO

Shawn J. Woodin
President

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