KIDS SCHOLARSHIP FUND INC

EIN: 061494714 501(c)(3) Education

MADISON, CT

Total Revenue
$766,050
Total Expenses
$1,124,737
Total Assets
$13,417,389
Net Assets
$13,417,389
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CT
Principal Officer
NICOLE TALMADGE
Phone
2039800904
Tax Period
2024-07-01 to 2025-06-30

KIDS SCHOLARSHIP FUND INC, founded in 1998, is a small nonprofit in the Education sector that reported $766K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 47% operating deficit.

Mission

THE KIDS' SCHOLARSHIP FUND HELPS CONNECTICUT CHILDREN FROM LOW-INCOME FAMILIES REACH THEIR FULL POTENTIAL BY PROVIDING EQUAL ACCESS TO A HIGH-QUALITY, FOUNDATIONAL K-8 EDUCATION THROUGH NEED-BASED SCHOLARSHIPS THAT EMPOWER FAMILIES TO CHOOSE PRIVATE SCHOOLS WHERE THEIR CHILDREN CAN LEARN, GROW, AND THRIVE.

Program Service Accomplishments

Program 1
Expenses: $854,133

SINCE 1995, CEO FOUNDATION OF CT HAS AWARDED MORE THAN $22MILLION TO OVER 10,000 CHILDREN. RECENTLY, CEO LAUNCHED THE KIDS' SCHOLARSHIP FUND (KSF) TO FOCUS ON INCREASING THE NUMBER OF K-8 SCHOOL...

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SINCE 1995, CEO FOUNDATION OF CT HAS AWARDED MORE THAN $22MILLION TO OVER 10,000 CHILDREN. RECENTLY, CEO LAUNCHED THE KIDS' SCHOLARSHIP FUND (KSF) TO FOCUS ON INCREASING THE NUMBER OF K-8 SCHOOL SCHOLARSHIPS AVAILABLE TO CONNECTICUT'S UNDERSERVED FAMILIES AND CHILDREN. EACH YEAR KSF RECEIVES NEARLY 1,000 QUALIFIED APPLICATIONS FOR 375 COVETED SCHOLARSHIPS. KSF IS PROUD TO MAKE A DIFFERENCE IN THE LIVES OF THESE 375 CHILDREN, BUT STRIVES TO SERVE ALL IN NEED.MOVING FORWARD, KIDS' SCHOLARSHIP FUND WILL FOCUS ON EXPANDING ACCESS BY INCREASING ANNUAL FUNDRAISING TO MEET THE INCREASING NEED AND BY EDUCATING PARENTS AND GUARDIANS ABOUT THE BENEFITS OF QUALITY EDUCATION, WHILE MAINTAINING RELATIONSHIPS WITH FAMILIES AND STUDENTS AS THEY MOVE THROUGH HIGH SCHOOL, TECHNICAL SCHOOL AND COLLEGE, AND CAREERS/LIFE. WE WILL CONTINUE TO MEASURE IMPACT AND SUCCESS, WORKING CLOSELY WITH OUR PARTNER SCHOOLS TO ENSURE PRIVATE, PAROCHIAL, RELIGIOUS AND NON-RESIDENCY EDUCATION OPTIONS REMAIN AVAILABLE TO LOW-INCOME FAMILIES. WITH OUR ALUMNI SCHOLARS AND THEIR FAMILIES, WE WILL CREATE A PAY IT FORWARD MOVEMENT TO HELP FUTURE STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $202,315
Program Service Revenue $0
Investment Income $563,735
Other Revenue $0
TOTAL REVENUE $766,050

Expense Breakdown

Grants Paid $785,931
Salaries & Benefits $204,735
Fundraising Expenses $142,625
Program Expenses $854,133
Other Expenses $134,071
TOTAL EXPENSES $1,124,737

Year-over-Year Comparison

2024 2023 Change
Revenue $766,050 $602,622 +0.3%
Expenses $1,124,737 $1,038,491 +0.1%
Net Income $-358,687 $-435,869 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$129,383
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEWIS ANDREWS PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMES ALBER TREASURER 1.00
Officer Director
$0 $0 $0
BRIAN BOYD SECRETARY 1.00
Officer Director
$0 $0 $0
ANDREW JONES DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY MARTELLA DIRECTOR 1.00
Director
$0 $0 $0
NICOLE TALMADGE EXECUTIVE DIRECTOR 40.00
Officer
$129,383 $0 $129,383
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $766,050 $1,124,737 $13,417,389 $-358,687
2024 $602,622 $1,038,491 $12,914,324 $-435,869
2023 $538,610 $998,752 $12,347,688 $-460,142
2022 $684,663 $1,023,190 $12,004,891 $-338,527
2021 $820,982 $1,006,010 $14,371,245 $-185,028
2020 $1,832,796 $1,024,985 $11,937,592 $807,811
2019 $2,456,173 $1,020,477 $11,108,277 $1,435,696
2018 $4,981,163 $1,096,001 $9,453,465 $3,885,162
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