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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

92.18

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

Board Leadership
Pamela Davis
Chair

CEO
Shawn Woodin
President

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 92.18 four stars
  Financial 89.69 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 05/01/2018 and includes data from FY2016, 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.

Results Information

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Financial

three stars

89.69

Accountability & Transparency

four stars

96.00

This rating was published 05/01/2018 and includes data from FY2016, 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)
75.2%
  Administrative Expenses 12.3%
  Fundraising Expenses 12.3%
  Fundraising Efficiency $0.23
  Working Capital Ratio (years) 3.61
  Program Expenses Growth 10.0%
  Liabilities to Assets 1.6%
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) 92.18 four stars
Daniel Murphy Scholarship Fund (IL) 89.69 three stars
American Quarter Horse Foundation (TX) 90.03 four stars
Arizona Private Education Scholarship Fund (AZ) 94.74 four stars
The College Crusade of Rhode Island (RI) 89.11 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $838,887
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $838,887
   Program Service Revenue $479,877
Total Primary Revenue $1,318,764
   Other Revenue $516,873
TOTAL REVENUE $1,835,637
   
EXPENSES  
   Program Expenses $1,500,096
   Administrative Expenses $198,266
   Fundraising Expenses $205,649
TOTAL FUNCTIONAL EXPENSES $1,904,011
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-68,374
   
Net Assets $12,809,838

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 $1,500,096 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

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
$46,280 2.43% Shawn Woodin President
Other Salaries of Note
$59,361 3.11% Mickey Moore Former President

Highly Rated

Charity Name & State Overall Score Overall Rating
Southern Scholarship Foundation (FL) 92.18 four stars
Woodrow Wilson National Fellowship Foundation (NJ) 90.73 four stars
Scholarship America (MN) 88.52 three stars
10,000 Degrees (CA) 90.25 four stars
The Posse Foundation (NY) 90.73 four 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

Pamela Davis
Chair

CEO

Shawn Woodin
President

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