nonprofit logo

The Childrens Scholarship Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 134002189 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is The Childrens Scholarship Fund?

The Children's Scholarship Fund (CSF) is a nonprofit organization based in New York City that has been providing educational opportunities for low-income families since 1998. In fiscal year 2023, over 26,500 children in the US benefited from CSF's scholarships and those of its partner programs. These children, who come from low-income families, were able to attend the private school of their choice, thanks to the generosity of donors and the efforts of scholarship programs in 23 communities. CSF's mission is to support children in grades K-8 by offering tuition assistance and advocating for expanded educational opportunities. Since its founding, CSF has helped over 200,750 children from low-income families with more than $989 million in tuition assistance. The organization, which employs 23 individuals, has a significant impact on children's lives by providing them with the education their families desire. CSF's activities aim to level the educational playing field, ensuring that children from low-income families have access to the same opportunities as their more affluent peers.


Official website here: www.scholarshipfund.org

Is The Childrens Scholarship Fund legitimate?

The Childrens Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Childrens Scholarship Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,065,174
Professional Fundraising Fees: $43,334
Other Salaries and Wages: $1,231,011

For more financial information, click here


Official website here: www.scholarshipfund.org

What is the mission statement of The Childrens Scholarship Fund?

The Children's Scholarship Fund (CSF) is a non-profit organization dedicated to helping children from low-income families access educational opportunities in grades K-8. Through scholarships awarded by CSF and its partners, nearly 26,500 children in the US received tuition assistance in fiscal year 2023. Since its founding in 1998, over 200,750 children have benefited from this program, enabling them to attend private schools of their choice. CSF's mission extends beyond tuition assistance, as it also advocates for expanding educational opportunities for all children. Its efforts have positively impacted the lives of countless families, granting them the chance to secure a better future for their children through quality education.


Official website here: www.scholarshipfund.org

Who is the CEO of The Childrens Scholarship Fund?

Darla Romfo is the Principal Officer of The Childrens Scholarship Fund. The CEO's salary of The Childrens Scholarship Fund is $328,810 and their total compensation is $362,009.


Official website here: www.scholarshipfund.org

What is the revenue of The Childrens Scholarship Fund?

The Childrens Scholarship Fund's revenue in 2023 was $25,015,263.


Official website here: www.scholarshipfund.org

Who are the executives of The Childrens Scholarship Fund and what are their salaries?

The average compensation at The Childrens Scholarship Fund during 2023 was $99,834. There are 23 employees and 105 volunteers at The Childrens Scholarship Fund.

Here are 19 key members and their salaries (The Childrens Scholarship Fund's CEO's salary is $328,810 and their total compensation is $362,009):

    Darla M Romfo (President & Ceo) [Trustee/Director]
  • Compensation: $328,810
  • Related: $0
  • Other: $33,199

    • Kathleen Doran (Cfo)
  • Compensation: $224,095
  • Related: $0
  • Other: $29,354

    • Michele Mitola (Vp Strategic Planning & Development)
  • Compensation: $185,442
  • Related: $0
  • Other: $10,183

    • Elizabeth Toomey (Corporate Secretary)
  • Compensation: $149,813
  • Related: $0
  • Other: $21,877

    • Katie J Baker Demers (Executive Director New Hampshire Programs)
  • Compensation: $108,473
  • Related: $0
  • Other: $19,773

    • Marie M Bathelmy (Director Of Scholarship Operations)
  • Compensation: $104,797
  • Related: $0
  • Other: $6,036

    • Matthew Bonanno (Co Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margot Mcginness (Co Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Chang (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Fraidin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Gerstner (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Halpin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Xavier James (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David E Johnson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Mccurry (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Short (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Remy Trafelet (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heather Vrattos (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juan Williams (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.scholarshipfund.org

    Where can I find the form 990 for The Childrens Scholarship Fund?

    The The Childrens Scholarship Fund’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.scholarshipfund.org

    Learn more at the official website: www.scholarshipfund.org

    Mission Statement of The Childrens Scholarship Fund

    The Children's Scholarship Fund (CSF) is a nonprofit organization that strives to provide children from low-income families with the educational opportunities they deserve. With a mission to support these children in grades K-8, CSF has been a beacon of hope for over 200,750 kids since its inception in 1998.

    Through the generosity of donors and the efforts of scholarship programs in 23 communities, CSF has managed to award nearly $989 million in tuition assistance. In fiscal year 2023 alone, this fund touched the lives of approximately 26,500 children, enabling them to attend the private schools of their choice.

    The significance of CSF lies in its commitment to expanding educational opportunities for all children, not just the fortunate few. By providing tuition assistance, CSF empowers families to make informed decisions about their children's education, ensuring they have access to the best possible learning environment. With CSF's unwavering support, children from low-income families can confidently pursue their academic goals and reach their full potential.

    Impact

    This information is meant to be a general summary of The Childrens Scholarship Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Childrens Scholarship Fund has provided tuition assistance to nearly 200,750 children from low-income families since its inception in 1998. In fiscal year 2023, nearly 26,500 children across the US benefited from scholarships awarded by the organization and its partner programs. These children are receiving the education desired by their families, thanks to the generosity of donors and the efforts of scholarship programs in 23 communities. The impact of The Childrens Scholarship Fund is evident in the significant number of children who have accessed quality education opportunities that may have otherwise been out of reach for them.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $984,796
  • Program Service Revenue: $1,138,185
  • Gross Receipts: $25,092,669

    • Assets and Liabilities:
  • Total Assets: $40,912,471
  • Total Liabilities: $5,870,138
  • Net Assets: $35,042,333
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    New Hampshire EFA administration

    Revenue

    $1,136,685

    Program training

    Revenue

    $1,500

    Organization Details

    Founding Year

    1998

    Principal Officer

    Darla Romfo

    Main Address

    8 West 38th St 8th Floor, New York, NY, 10018

    NTEE Category

    Code: B820 - Education

    If you are a representative of The Childrens Scholarship Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.