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Education : Scholarship and Financial Support

Southern Scholarship Foundation

Providing qualified students with rent-free, cooperative living housing at select universities in Florida

four stars

95.36

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

Board Leadership
Rhoda Glasco Foderingham
Chair of the Board

CEO
Shawn J. Woodin
President

  Score
(out of 100)
Rating
Overall Score & Rating 95.36 four stars
  Financial 94.81 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 03/01/2021 and includes data from FY2019, the most recent 990 received at that time.

Through rent-free housing and cooperative living, Southern Scholarship Foundation supports students who lack financial resources, demonstrate excellent academic merit, and exemplify good character attend institutions of higher education.

For more than 65 years, SSF has helped students achieve their dreams of attending their choice university through our partnerships at Florida Gulf Coast University, University of Florida, Santa Fe College, Florida State University, Flagler College - Tallahassee, Florida A & M University, and Tallahassee Community College. While SSF does not provide monetary based scholarships, we offer rent-free homes located near our partner institutions. We currently have 26 homes statewide and serve 470 students. Check out information about each specific house here.

Through rent-free housing and cooperative living, Southern Scholarship Foundation supports students who lack financial resources, demonstrate excellent academic merit, and exemplify good character attend institutions of higher education.

For more than 65 years, SSF has helped students achieve their dreams of attending their choice university through our partnerships at Florida Gulf Coast University, University of Florida, Santa Fe College, Florida State University, Flagler College - Tallahassee, Florida A & M University, and Tallahassee Community College. While SSF does not provide monetary based scholarships, we offer rent-free homes located near our partner institutions. We currently have 26 homes statewide and serve 470 students. Check out information about each specific house here.

Financial

four stars

94.81

Accountability & Transparency

four stars

96.00

This rating was published 03/01/2021 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)
79.9%
  Administrative Expenses 10.1%
  Fundraising Expenses 9.9%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 4.70
  Program Expenses Growth 6.3%
  Liabilities to Assets 3.1%
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) 95.36 four stars
The Posse Foundation (NY) 90.70 four stars
Catholic Education Arizona (AZ) 85.06 three stars
ACCESS College Foundation (VA) 89.91 three stars
UNCF (DC) 86.39 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,625,079
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,625,079
   Program Service Revenue $468,183
Total Primary Revenue $2,093,262
   Other Revenue $771,611
TOTAL REVENUE $2,864,873
   
EXPENSES  
   Program Expenses $1,800,384
   Administrative Expenses $254,864
   Fundraising Expenses $245,122
TOTAL FUNCTIONAL EXPENSES $2,300,370
   
Payments to Affiliates $0
Excess (or Deficit) for the year $564,503
   
Net Assets $17,937,404

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 $1,800,384 100.0%

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

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 03/01/2021 95.36 four stars
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
$109,561 4.76% Shawn Woodin President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Southern Scholarship Foundation (FL) 95.36 four stars
Page Education Foundation (MN) 93.74 four stars
Foster Care to Success (OH) 89.56 three stars
Catholic Schools Foundation (MA) 94.40 four stars
Central Scholarship (MD) 97.40 four stars

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This charity has an official representative registered with Charity Navigator.

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

Rhoda Glasco Foderingham
Chair of the Board

CEO

Shawn J. Woodin
President

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