Form 990 for tax year 2022
Filed by CHILDREN SCHOLARSHIP FUND PHILADELPHIA.
Totals
- Total revenue
- $15,728,213
- Total expenses
- $13,352,425
- Contributions and grants received
- $15,364,635
- Grants paid
- $11,197,823
- Program service revenue
- $138,875
- Investment income
- $201,383
- Other revenue
- $23,320
- Total assets, end of year
- $26,013,969
- Total liabilities, end of year
- $1,090,188
- Net assets or fund balances, end of year
- $24,923,781
- Program services expenses (Part IX)
- $12,442,831
- Management and general expenses
- $405,785
- Fundraising expenses
- $503,809
- Program service expenses (Part III)
- $12,442,831
Program services were 93.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$15,364,635
-
2a · Program service revenue: SCHOLARSHIP ADMIN SERVICES
total $138,875 · related or exempt $138,875
-
3 · Investment income
total $154,172 · related or exempt $154,172
-
7a · Gross sales of assets other than inventory
securities $153,418
-
7b · Less cost or other basis and sales expenses
securities $106,207
-
7c · Gain or loss
securities $47,211
-
7d · Net gain or loss
total $47,211 · related or exempt $47,211
-
11a · Other revenue: OTHER INCOME
total $23,320 · related or exempt $23,320
-
11e · Other revenue, total
$23,320
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,100 · program services $6,100
-
2 · Grants to domestic individuals
total $11,191,723 · program services $11,191,723
-
5 · Compensation of officers, directors and key employees
total $215,500 · program services $64,650 · management and general $75,425 · fundraising $75,425
-
7 · Other salaries and wages
total $1,212,107 · program services $842,394 · management and general $142,588 · fundraising $227,125
-
11c · Fees: accounting
total $26,927 · program services $16,157 · management and general $5,385 · fundraising $5,385
-
11g · Fees: other
total $391,735 · program services $174,865 · management and general $56,455 · fundraising $160,415
-
12 · Advertising and promotion
total $37,142 · program services $33,428 · fundraising $3,714
-
13 · Office expenses
total $73,843 · program services $35,148 · management and general $26,284 · fundraising $12,411
-
16 · Occupancy
total $75,708 · program services $45,425 · management and general $30,283
-
17 · Travel
total $18,084 · program services $9,228 · management and general $4,753 · fundraising $4,103
-
23 · Insurance
total $2,911 · management and general $2,911
-
24a · Other expenses: INVESTMENT MANAGEMENT
total $44,738 · management and general $44,738
-
24b · Other expenses: SCHOLARSHIP PROGRAM EXP
total $23,713 · program services $23,713
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $16,963 · management and general $16,963
-
24d · Other expenses: EVENTS & PARTNERSHIPS
total $9,879 · fundraising $9,879
-
24e · All other expenses
total $5,352 · fundraising $5,352
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,166,890 · end of year $2,138,573
-
2 · Savings and temporary cash investments
beginning of year $13,841,144 · end of year $9,701,543
-
3 · Pledges and grants receivable
beginning of year $997,463 · end of year $3,062,201
-
4 · Accounts receivable
beginning of year $352,636 · end of year $75,000
-
9 · Prepaid expenses and deferred charges
beginning of year $11,212 · end of year $14,114
-
10a · Land, buildings and equipment: cost or other basis
$24,190
-
10b · Land, buildings and equipment: accumulated depreciation
$24,190
-
11 · Investments: publicly traded securities
beginning of year $7,445,570 · end of year $11,019,763
-
15 · Other assets
beginning of year $2,775 · end of year $2,775
-
17 · Accounts payable and accrued expenses
beginning of year $123,624 · end of year $535,412
-
25 · Other liabilities
beginning of year $536,131 · end of year $554,776
-
27 · Net assets without donor restrictions
beginning of year $1,988,233 · end of year $1,201,884
-
28 · Net assets with donor restrictions
beginning of year $22,169,702 · end of year $23,721,897
Mission and programs · 2022
Mission
WITH OVER 20 YEARS OF EXPERIENCE AND OVER 30,000 SCHOLARS AWARDED, CSFP PROVIDES PHILADELPHIA CHILDREN WITH EIGHT-YEAR, NEEDS-BASED SCHOLARSHIPS TO ATTEND SAFE, QUALITY, K-8TH GRADE SCHOOLS. 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.
-
WITH OVER 20 YEARS OF EXPERIENCE AND OVER 28,500 SCHOLARSHIPS AWARDED, CSFP PROVIDES PHILADELPHIA CHILDREN WITH EIGHT-YEAR, NEEDS-BASED SCHOLARSHIPS TO ATTEND SAFE, QUALITY, K-8TH GRADE SCHOOLS. 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.
Expenses $12,442,831 · Grants $11,197,823
-
SCHOLARSHIP AWARDS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Keisha JordanKEISHA JORDAN
PRESIDENT AN
- Total calculated
- $221,563
- From this org
- $215,500
- From related orgs
- $0
- Other
- $6,063
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,500
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,063
- Nontaxable benefits
- not reported
- Filer's total
- $221,563
-
Julia RaikenJULIA RAIKEN
CHIEF PROGRA
- Total calculated
- $160,257
- From this org
- $160,140
- From related orgs
- $0
- Other
- $117
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,140
- Bonus
- not reported
- Other
- not reported
- Deferred
- $117
- Nontaxable benefits
- not reported
- Filer's total
- $160,257
-
Megan StaplesMEGAN STAPLES
VP DEVELOPME
- Total calculated
- $125,577
- From this org
- $121,463
- From related orgs
- $0
- Other
- $4,114
- Hours/week
- 40
-
Josh BarrickmanJOSH BARRICKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy Ben-ZevJEREMY BEN-ZEV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc BryantMARC BRYANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick BurkePATRICK BURKE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Leanne ClancyLEANNE CLANCY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Margaret DinennyMARGARET DINENNY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Tamala EdwardsTAMALA EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph FergusonJOSEPH FERGUSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Judith Durkin FreyerJUDITH DURKIN FREYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve KappSTEVE KAPP
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Lateefah LuckyLATEEFAH LUCKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Evie McNiffEVIE MCNIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Talib Nadir NelsonTALIB NADIR NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc S RichmanMARC S RICHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James E RobinsonJAMES E ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jose SantiagoJOSE SANTIAGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yvette SmetanaYVETTE SMETANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Miles WilsonMILES WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333179349310993
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