CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA

EIN: 233078729 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$17,928,194
Total Expenses
$17,599,498
Total Assets
$27,785,875
Net Assets
$26,846,898
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
PA
Principal Officer
KEISHA JORDAN
Phone
2156708411
Tax Period
2024-01-01 to 2024-12-31

CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $17.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

WITH OVER 20 YEARS OF EXPERIENCE AND OVER 30,000 SCHOLARSHIPS AWARDED, CSFP PROVIDES PHILADELPHIA CHILDREN WITH EIGHT-YEAR, NEEDS-BASED SCHOLARSHIPS TO ATTEND SAFE, QUALITY, K-8TH GRADE SCHOOLS. CONTINUED ON SCHEDULE O.SUPPORTING UNDER-RESOURCED CHILDREN AND FAMILIES, UP TO 3 CHILDREN IN A FAMILY MAY RECEIVE A SCHOLARSHIP. STUDENTS ARE SELECTED FROM A RANDOM, NEEDS BASED LOTTERY.

Program Service Accomplishments

Program 1
Expenses: $15,818,715 Revenue: $81,658

CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA (CSFP) IS A PRIVATELY-FUNDED PROGRAM WHOSE MISSION IS TO PROVIDE CHILDREN FROM UNDER-RESOURCED PHILADELPHIA FAMILIES WITH FINANCIAL ACCESS TO QUALITY, SAFE...

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CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA (CSFP) IS A PRIVATELY-FUNDED PROGRAM WHOSE MISSION IS TO PROVIDE CHILDREN FROM UNDER-RESOURCED PHILADELPHIA FAMILIES WITH FINANCIAL ACCESS TO QUALITY, SAFE, K-8TH GRADE, TUITION-BASED SCHOOLS, THEREBY INCREASING THEIR LONG-TERM ECONOMIC AND SOCIAL SUCCESS. CSFP GRANTS NEED-BASED, PARTIAL SCHOLARSHIPS THROUGH A RANDOM LOTTERY. DURING 2024, CSFP SERVED 6,553 CHILDREN ENROLLED AT OVER 150 PAROCHIAL AND PRIVATE SCHOOLS.CONTINUED ON SCHEDULE O.CSFP PROVIDES ADDITIONAL PROGRAMMING IN SERVICE TO SCHOLARSHIP RECIPIENTS CALLED CAMP CONNECTIONS, WHICH IS A SUMMER PROGRAM IN WHICH SCHOLARSHIP RECIPIENTS ARE INVITED TO ATTEND A WEEKLONG CAMP THROUGH PARTNERSHIPS WITH LOCAL UNIVERSITIES. THE PURPOSE OF CAMP CONNECTIONS IS TO COMBAT "SUMMER SLIDE", THE LOSS OF ACADEMIC PROGRESS OVER THE SUMMER BREAK FROM SCHOOL, BY PROVIDING AN ENRICHING AND FUN OPPORTUNITY FOR SCHOLARSHIP RECIPIENTS TO LEARN, GROW, AND BE CHALLENGED OUTSIDE OF THE TRADITIONAL SCHOOL ENVIRONMENT.CSFP HAS ALSO CREATED THE PROGRAM AMBASSADOR (PA) PROGRAM IN WHICH PARENTS/GUARDIANS OF SCHOLARSHIP RECIPIENTS SERVE AS A REPRESENTATIVE WITHIN THEIR CHILD'S SCHOOL, ACTING AS A KEY CONTACT FOR FAMILIES TO STRENGTHEN RELATIONSHIPS BETWEEN SCHOOLS, THE COMMUNITY, AND CSFP STAFF. PAS PARTICIPATE IN SCHOOL EVENTS ON BEHALF OF CSFP, COMMUNICATE WITH EXISTING FAMILIES ABOUT STUDENT VERIFICATION RECORDS, REGISTRATIONS, AND EVENTS, AND ENGAGE WITH PROSPECTIVE FAMILIES INTERESTED IN APPLYING FOR SCHOLARSHIPS. THEY ALSO COLLABORATE WITH SCHOOL ADMINISTRATORS TO SUPPORT SCHOLAR FAMILIES, REGULARLY CHECK AND RESPOND TO EMAILS FROM CSFP AND FAMILIES, AND ATTEND MANDATORY MEETINGS, INCLUDING ORIENTATION, MONTHLY CHECK-INS, AND A WINTER UPDATE MEETING.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,437,196
Program Service Revenue $75,000
Investment Income $1,409,340
Other Revenue $6,658
TOTAL REVENUE $17,928,194

Expense Breakdown

Grants Paid $14,352,438
Salaries & Benefits $2,069,001
Fundraising Expenses $936,600
Program Expenses $15,818,715
Other Expenses $1,177,813
TOTAL EXPENSES $17,599,498

Year-over-Year Comparison

2024 2023 Change
Revenue $17,928,194 $16,112,860 +0.1%
Expenses $17,599,498 $15,631,393 +0.1%
Net Income $328,696 $481,467 -0.3%
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
20
Independent Members
20
Employees
27
Volunteers
133

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
5
$242,715
Total Directors
20
$0
Key Employees
2
$385,145
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET DINNENY CHAIR 1.00
Officer Director
$0 $0 $0
JEREMY BEN-ZEV VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOSEPH FERGUSON SECRETARY 1.00
Officer Director
$0 $0 $0
STEVE KAPP TREASURER 1.00
Officer Director
$0 $0 $0
PATRICK J BURKE CPA DIRECTOR 1.00
Director
$0 $0 $0
MARC BRYANT DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY FOUSS DIRECTOR 1.00
Director
$0 $0 $0
JUDITH DURKIN FREYER CFA DIRECTOR 1.00
Director
$0 $0 $0
EVIE MCNIFF DIRECTOR 1.00
Director
$0 $0 $0
REV DR LORINA MARSHALL-BLAKE DIRECTOR 1.00
Director
$0 $0 $0
LEANNE CLANCY DIRECTOR 1.00
Director
$0 $0 $0
MARC RICHMAN DIRECTOR 1.00
Director
$0 $0 $0
JAMES ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
CORY O HIPPLER DIRECTOR 1.00
Director
$0 $0 $0
JOSH BARRICKMAN DIRECTOR 1.00
Director
$0 $0 $0
TALIB NADIR ELLISON DIRECTOR 1.00
Director
$0 $0 $0
JESSICA HAYNE DIRECTOR 1.00
Director
$0 $0 $0
SHANTE WOODLIN DIRECTOR 1.00
Director
$0 $0 $0
KAMESHA CALLANDS DIRECTOR 1.00
Director
$0 $0 $0
PRESTON HAWKINS DIRECTOR 1.00
Director
$0 $0 $0
KEISHA JORDAN PRESIDENT & CEO 40.00
Officer
$223,499 $19,216 $242,715
JENNIFER BURNS CHIEF ADVANCEMENT OFFICER 40.00
Key Emp
$179,142 $14,734 $193,876
JULIA RAIKEN CHIEF PROGRAM OFFICER 40.00
Key Emp
$183,800 $7,469 $191,269
MEGAN SARAH STAPLES VP OF DEVELOPMENT 40.00
Highest
$141,200 $9,595 $150,795
DERIK COMALLI SR. DIRECTOR OF OPERATIONS 40.00
Highest
$130,900 $12,312 $143,212
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
2024 $17,928,194 $17,599,498 $27,785,875 $328,696
2023 $16,112,860 $15,631,393 $27,641,671 $481,467
2022 $15,728,213 $13,352,425 $26,013,969 $2,375,788
2021 $13,351,193 $12,225,829 $24,817,690 $1,125,364
2020 $11,076,173 $12,599,947 $23,362,465 $-1,523,774
2019 $15,811,296 $11,572,892 $23,354,498 $4,238,404
2018 $13,636,061 $11,632,246 $18,664,462 $2,003,815
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