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The Childrens Scholarship Fund

AKA  CSF
New York, NY
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GuideStar Summary

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2012, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is available
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Basic Organization Information

The Childrens Scholarship Fund
Also Known As: CSF
Physical Address: New York, NY 10018 
EIN: 13-4002189
Web URL: www.scholarshipfund.org 
Blog URL: csfblog.wordpress.com/ 
NTEE Category: B Educational Institutions
B80 Student Services and Organizations
B Educational Institutions
B82 Scholarships, Student Financial Aid, Awards
B Educational Institutions
B24 Primary/Elementary Schools
Ruling Year: 1998 


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Mission Statement

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 by supporting and cultivating education reform and parental choice efforts.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

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Annual Revenue & Expenses (GuideStar Exchange,
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July 2014)

Fiscal Year Starting: September 1, 2010
Fiscal Year Ending: August 31, 2011

Total Revenue --
Total Expenses --

Revenue & Expenses

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
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Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership (GuideStar Exchange,
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July 2014)

Ms. Darla Romfo

Board Chair (GuideStar Exchange,
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July 2014)

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July 2014)

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Officers for Fiscal Year (IRS Form 990)

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People information was last updated by the nonprofit in July 2014

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Programs

Program: Scholarship Fund (GuideStar Exchange,
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July 2014)

Budget:
$26,876,549
Category:
Education
Population Served:
Poor/Economically Disadvantaged, Indigent, General
Children Only (5 - 14 years)

Program Description:

We provide partial tuition assistance for low-income families to send their children to private schools in grades K-8. We focus on the earlier grades to ensure a solid educational foundation. Since our inception, almost 123,000 children have benefited from our scholarships across the United States as part of our mission to expand choice in education. Currently almost 25,500 children are using CSF scholarships. These children are attending the school of their parents' choice through the generosity of our donors, the efforts of our partner programs across the country and the sacrifices made by the families themselves, who pay-on average-50% of their children's tuition.

Program Long-Term Success:

We consider the positive impact our scholarships will have on our recipients and their families (through improved education quality, better high school graduation rates and better earning potential) as they grow up to be the major long-term success of the program. We also consider three other long-term measures of success: expanding our base of supporters, empowering parents to be more involved in their child’s education, and strengthening the inner-city private schools our families choose so there are more educational options for all. The more money we can raise to increase the number of scholarships we award, the bigger and more widespread our success will be.

Program Short-Term Success:

We are working to develop partnerships with families and schools so our scholarship recipients continue the scholarship for as long as it is available. Keeping students in the program (lowering attrition rates) is a short-term success that will maximize the benefits recipients get from attending private school. Each of the almost 123,000 students we’ve helped so far is an individual success story. Every time a child ends up in a safer environment, where he or she gains confidence, where talents are nurtured and developed, CSF is successful. Every parent who feels more secure and at ease leaving their child at a school they have chosen is a success for CSF.

Program Success Monitored by:

Our success is monitored by our Board of Directors, senior staff, and by all our significant donors, including foundations.

Program Success Examples:

A new study of our CSF Philadelphia recipients found that 96% of the CSFP alumni who left eighth grade in 2004 ended up graduating from high school on time last year. The numbers are even more impressive when you consider that the graduation rate for Philadelphia public schools was recently reported as 62%. A study completed in 2007 on our San Francisco program found that CSF recipients improved up to 10 percentile points during the first year in private school, and that academic performance improves the longer the child maintains a scholarshia study on CSF recipients in Baltimore found the CSF recipients had higher test scores and grades than their public school counterparts. Harvard evaluations of our program in three cities (New York, Washington, and Dayton) show that scholarships narrow the achievement gap in math and reading between Black and White students by about half. Also, in 2007 our Minneapolis program found that 91% of their 8th grade recipients passed the Minnesota Basic Standards math test and 94% passed the reading test, showing significantly higher scores than their public school counterparts. Other CSF programs in Los Angeles, Philadelphia, Charlotte, and Memphis have also undertaken studies that show CSF students have improved test scores and grades compared with similar public school students. But the truth is that CSF awards lead to more than just higher test scores. They empower parents and grandparents to choose a private or parochial school, providing them with a larger stake in the child’s education, and strengthening the family in the process. The scholarships also stabilize enrollments at private schools that provide a safe and academically sound environment in tough inner-city neighborhoods, increasing education options for everyone. Consider the story of Mariella Sanchez, a single mother with two sons living in Chicago. Mariella was frustrated with her local Chicago public school. When she had a problem with a teacher, she wasn’t able to talk to the principal. While her eldest son, Mark, was struggling every day and not getting the extra help he needed, Mariella was going through a difficult divorce, and didn’t see how she could afford an alternative to the public school. But then Mariella, an IT worker, heard about CSF on the radio, and decided to apply and look for a private school. At St. Luke Academy she found “a home away from home,” where she, Mark and younger brother, Aaron, were part of a small, tight-knit community. Although Mark had to repeat fifth grade when he arrived at St. Luke, Aaron entered as a Kindergartener, and has taken full advantage of all the school’s activities, including basketball tournaments, operettas, and public speaking classes. This year, Aaron’s essay on Walt Disney was selected for Chicago’s History Fair and advanced to the state level. Recently, Mariella wrote to CSF telling us that Aaron had been awarded a scholarship to Lutheran High School and expressing how grateful she is that CSF opened the door that led to new opportunities. “For me as a parent this has meant a lot. I was able to give my son a good quality education and I have watched him transform into the fine boy he is today. Words cannot express the deep gratitude I have to the Children’s Scholarship Fund,” Mariella said. “It is our hope and prayer that you would continue to bless many more families who otherwise may not have this chance.”
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Impact Summary from the Nonprofit

This school year, CSF’s scholarships are empowering parents of more than 27,650 low-income children to choose a private or parochial elementary school for their child. Since our inception in 1998, CSF has awarded scholarships worth $568 million to almost 139,000 low-income children. We believe we succeed every time parents use one of our scholarships to send their child to the school of their choice.   Beyond the inherent good of putting families in charge of their children's education, we are also helping provide an academically superior education. According to a Department of Education study, private school students score higher on standardized tests than their public school counterparts, and they are more likely to graduate high school and eventually earn a college degree. In fact, children who had been in private school in 8th grade were twice as likely to earn a college degree than children coming from public school. And children in the lowest socio-economic group who attend private school were almost four times as likely to go to college than those in public schools.   Recent studies on CSF partner programs have produced similar results. For example, in 2013, 95.4 percent of CSF New York alumni graduated high school on time, compared to the average NYC public school graduation rate of 60.4 percent. Of the alumni who graduated, 90 percent are now enrolled in college.
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