EIN 13-4002189

The Childrens Scholarship Fund (CSF)

IRS 501(c) type
501(c)(3)
Num. employees
23
Year formed
1998
Most recent tax filings
2023-08-01
Description
The Children's Scholarship Fund aims to maximize educational opportunity for all children for those in need by offering tuition assistance in grades K-8 for alternatives to faltering conventional schools, and for all children.
Total revenues
$25,015,263
2023
Total expenses
$22,876,068
2023
Total assets
$40,912,471
2023
Num. employees
23
2023

Program areas at CSF

In fiscal year 2023 nearly 26,500 children across the US benefited from scholarships awarded by CSF and its partner programs. These children, all of whom are from low-income families, are receiving the education desired by their families due to the generosity of our donors and the efforts of scholarship programs in 23 communities. Since its inception in 1998, nearly 200,750 children from low-income families have benefited from attending the private school of their choice with more than $989 million in tuition assistance from CSF and its partner programs.
Program management, outreach and support: CSF's program staff works with parents and schools to ensure the integrity and efficient management of the program. The program staff verifies eligibility and student attendance, disburses the tuition assistance payments to schools and annually requalifies returning students. The Children's Scholarship Fund maintains partnerships with local scholarship programs in communities around the country. In addition to providing matching grants to these organizations, the Children's Scholarship Fund also trains local program staff and has developed and maintains specialized software that is used to manage scholarship awards.
Program management and administration of New Hampshire Education Freedom (EFA) program: The EFA program provides students who are not enrolled full time in a New Hampshire public school and whose family earns 350% of the poverty line or below with a state grant to spend on eligible education related expenses. CSF administers the funding provided from the State of New Hampshire to each student account. Program staff verifies eligibility of students through the application process, reviews and approves payment of eligible education expenses, and approves educational providers. In addition, program staff provide outreach and support to NH families to inform them about the EFA program. During fiscal year 2023, CSF received approximately $14.8 million from the State of NH to fund over 3,300 EFAs.

Grants made by CSF

GranteeGrant descriptionAmount
Basic FundTo Provide Partial Scholarship Awards To Children From Low-Income Families$767,244
Children's Scholarship Fund (CSFP)To Provide Partial Scholarship Awards To Children From Low-Income Families$340,000
Children's Scholarship Fund of OmahaTo Provide Partial Scholarship Awards To Children From Low-Income Families$270,000
...and 11 more grants made

Who funds The Childrens Scholarship Fund (CSF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Walton Family FoundationTo Provide Tuition Assistance for Students in Grades K-8 for Alternatives To Faltering Conventional Schools and Provide Administrative Support for the Organization.$4,000,000
Inner City Scholarship FundFinancial Aid Grant$3,194,124
Theodore J Forstmann Charitable TrustGeneral Exempt Purpose$3,065,000
...and 35 more grants received totalling $16,521,613

Personnel at CSF

NameTitleCompensation
Darla RomfoPresident and Chief Executive Officer$328,810
Kathleen M. DoranChief Financial Officer$224,095
Michele MitolaVice President, Strategic Planning and Development$185,442
Tom FinnertySenior Vice President
Katie J Baker DemersExecutive Director New Hampshire Programs$108,473
...and 5 more key personnel

Financials for CSF

RevenuesFYE 08/2023
Total grants, contributions, etc.$22,894,320
Program services$1,138,185
Investment income and dividends$983,120
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,676
Net income from fundraising events$-2,038
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$25,015,263

Form 990s for CSF

Fiscal year endingDate received by IRSFormPDF link
2023-082023-12-01990View PDF
2022-082022-12-08990View PDF
2021-082021-12-17990View PDF
2020-082021-04-05990View PDF
2019-082021-03-04990View PDF
...and 9 more Form 990s
Data update history
August 10, 2024
Received grants
Identified 13 new grant, including a grant for $250,000 from Beth and Ravenel Curry Foundation
May 18, 2024
Received grants
Identified 8 new grant, including a grant for $4,000,000 from Walton Family Foundation
February 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 25, 2024
Updated personnel
Identified 1 new personnel
December 25, 2023
Received grants
Identified 4 new grant, including a grant for $2,000,000 from Mother Cabrini Health Foundation
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsLobbyingFundraising eventsNational levelCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
8 W 38th St 8th Floor
New York, NY 10018
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
scholarshipfund.org/ 
Phone
(212) 515-7100
Facebook page
ScholarshipFund 
Twitter profile
@csfnational 
IRS details
EIN
13-4002189
Fiscal year end
August
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
111883
FTB Entity ID
2159433
AB 488 data last updated ("as-of") date
2024-10-16
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