FRESH START SCHOLARSHIP FOUNDATION

EIN: 510378642 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$150,729
Total Expenses
$123,718
Total Assets
$684,959
Net Assets
$673,109
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
DE
Principal Officer
KELSEY CALLAGHAN
Phone
3023973440
Tax Period
2023-07-01 to 2024-06-30

FRESH START SCHOLARSHIP FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $151K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 18% operating margin.

Mission

THE MISSION OF THE FRESH START SCHOLARSHIP IS TO PROVIDE INCENTIVE (THROUGH SCHOLARSHIP AND MENTORING) TO ADULT WOMEN IN NEED WHO ARE SEEKING TO IMPORVE OPPORTUNITIES FOR THEMSELVES AND THEIR FAMILIES THROUGH EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $101,764
Program Service Revenue $0
Investment Income $10,482
Other Revenue $38,483
TOTAL REVENUE $150,729

Expense Breakdown

Grants Paid $111,786
Salaries & Benefits $0
Fundraising Expenses $7,087
Program Expenses $114,078
Other Expenses $11,932
TOTAL EXPENSES $123,718

Year-over-Year Comparison

2023 2022 Change
Revenue $150,729 $191,815 -0.2%
Expenses $123,718 $147,004 -0.2%
Net Income $27,011 $44,811 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA-MARIE JACKSON PRESIDENT 5.00
Officer Director
$0 $0 $0
KELSEY CALLAGHAN TREASURER 5.00
Officer Director
$0 $0 $0
CRISTINA CASTILLO ASSISTANT TREASURER 5.00
Officer Director
$0 $0 $0
NANCI MAYER-MIHALSKI DIRECTOR 5.00
Director
$0 $0 $0
DONNA WEIDEL DIRECTOR 5.00
Director
$0 $0 $0
BARBARA BUCKLEY DIRECTOR 5.00
Director
$0 $0 $0
TIFFANY CHRISTIAN DIRECTOR 5.00
Director
$0 $0 $0
LEILANI DECENA-SHEPHERD DIRECTOR 5.00
Director
$0 $0 $0
DAFINA BLACKSHER DIABATE DIRECTOR 5.00
Director
$0 $0 $0
MARISA FACCIOLO DIRECTOR 5.00
Director
$0 $0 $0
COURTNEY JOHNSON DIRECTOR 5.00
Director
$0 $0 $0
KELLI KILBRIDE DIRECTOR 5.00
Director
$0 $0 $0
RALANDRE' LACY DIRECTOR 5.00
Director
$0 $0 $0
DENEEN LAW DIRECTOR 5.00
Director
$0 $0 $0
SAMANTA LOPEZ DIRECTOR 5.00
Director
$0 $0 $0
MEGAN MALONEY SECRETARY 5.00
Officer Director
$0 $0 $0
SANDRA SCHEIBE DIRECTOR 5.00
Director
$0 $0 $0
PAULINE TARTAGLIA DIRECTOR 5.00
Director
$0 $0 $0
MARY MALONEY DIRECTOR 5.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $150,729 $123,718 $684,959 $27,011
2023 $191,815 $141,657 $608,475 $50,158
2022 $167,843 $125,306 $522,923 $42,537
2021 $226,331 $104,376 $586,823 $121,955
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