Project Scholarship

Classrooms to Careers with less debt

aka Cottage2Cloud Inc.   |   Belvidere, NJ   |  projectscholarship.org

Mission

Our mission: Classrooms to Careers with less debt. Project Scholarship reaches this mission by providing any student the chance to earn micro scholarships by doing quick real-world projects for potential employers.

Ruling year info

2017

Head Volunteer

Mr Dennis T Harabin

Director of Marketing

Ms. Alyssa Zaremba

Main address

325 Front Street

Belvidere, NJ 07823 USA

Show more addresses

EIN

81-4972887

NTEE code info

Fund Raising and/or Fund Distribution (J12)

Fund Raising and/or Fund Distribution (O12)

Scholarships, Student Financial Aid, Awards (B82)

IRS filing requirement

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

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Student debt is crushing families and none of the most vested parties are benefiting from the current system. The Current Students and Parents are taking on more and more debt each year and many students are being forced to quit for economic reasons prior to obtaining a Degree. America’s unemployment rate is at a 10 year low with Companies complaining that students graduating are unprepared to do the real work required of them in Today's job market. Colleges and universities are in serious financial trouble with more college closing every month. Harvard Business School Professor Clayton Christensen predicts that 50% of colleges and universities will close or go bankrupt in the next decade. The Taxpayers have reached the point where they will no longer except the 1.5 and growing Student debt they are backing. The department of education will be reducing the amount of funds available for student loans.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Project Scholarship

Developing a platform that allows employers to Crowdsource defined projects to the current of future College Students in exchange for scholarships.

Population(s) Served
Adults

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Project Scholarship is developing an online marketplace that is a Win for Students, a Win for College and Universities and a Win For Companies. It can be seen at Projectscholarship.org.

The way it works is that any company can "CrowdSource" a predefined project to CURRENT or POTENTIAL college students. The projects are designed to be a sampling of "real-world" tasks that companies need to be done every day yet are often "outsource" to overseas providers because they do not need to hire anyone full time for this type of project. Project Scholarship allows the students to perform tasks and enter submit they results as the application for the "micro-scholarship". The more time consuming the task is the greater the overall micro-scholarship is.

Every project awards a first, second and third place winner. awarded to winners to increase the number of students winning scholarships. The student's bank the micro-scholarships over the course of the semester or until they are ready to attend school. The students can then "withdraw" the scholarship bank in the form of a check to a nonprofit accredited US only College or University.

Win for Students - These quick-hitting projects or tasks allow the students to practice real-world skills and build there resume while in school. Most important every dollar is scholarships is one less dollar that the student needs to borrow helping to alleviate our nations Student Debt Crisis.

Win For Companies - Companies get a fresh perspective and enthusiastic effort on tasks that full-time employees often find routine or menial. So besides getting many iterations of an otherwise routine task done for a low set price; companies can use these projects specifically to screen candidates for internships and recent college grads. While students are using it to build there resumes, companies are using it to identify the students with those quality resumes.

Win for Colleges and Universities - They are the ONLY place the money CAN be spent.

Since the projectscholarship.org site has been built, the main objectives are marketing and support of the platform. Just because you build it, it doesn't mean that they will come. Project Scholarship needs to have distinct strategies to assure awareness, trust, and financial stability.

We have defined each strategy as a project. Project one is a Monthly Expert Sessions. The purpose of these sessions is to assure the future college students and parents that they can trust that Project Scholarship is run by industry insiders who understand Higher Education.

Because the content produced via these sessions is so valuable we are leveraging it as part of the overall fundraising strategy. The ultimate goal is to provide this content to the consumers for free as part of our overall mission, yet few foundations will support a startup 501c3, so we intend to leverage our greatest asset until we can garner that foundation support..

The College Admissions Cycle is an annual process. with distinct areas of focus each month. Thus Project Scholarship is interviewing the industry experts in each area, with a new interview premiering each month. We are offering our Founding Sponsors and other sponsors to option of hosting live premieres of these expert sessions in their offices. After the premier, the content is accessible in our closed

Project two is Project Cornhole. We intend to use professionally hosted Cornhole tournaments to drive awareness of our platform to current students and the universities they attend. Through a partnership with US Cornhole project scholarship will be able to offer Student groups and Parent associations across the country a unique fundraiser. US Cornhole will manage and officiate a cornhole tournament on campus or at a High School. The hosting organization will have a project scholarship campaign configured on Crowdrise for their tournament. The hosting student and/or parent organizations simply focuses on raising money for the tournament via the Crowdrise platform. A portion of the net funds raised will go to the hosting organizing group and the cost of managing tournament. The remaining balance becomes the Scholarship Amount being awarded like all other scholarships through the projectscholarship.org platform.

Through our board and existing volunteer network, we have all of the capabilities required to be successful. Our group has years of experience within the Higher Education and college planning field. Our team has extensive experience with the financial services industry, telecom, and technology industries in addition to a resident CPA. Members of our team have owned multiple businesses as well as a member who has founded technology companies.

Although combined there is a vast deal of marketing experience, this will be one of the first places that excess funds raised will be utilized.

The greatest accomplishment thus far has been getting the projectsholarship.org site live and prepared to run autonomously with little need for human intervention.

The bigger challenge is being apple to support the sight as it scales. Because we realize this as a concern we have gone with a very slow launch. The unfortunate aspect of the slow launch is that it highlights the greatest weakness of a marketplace, which is that it is extremely inefficient prior to reaching critical mass. The Chicken or Egg Dilemma that all marketplaces face become quite apparent in the live version of the site. Fortunately, financial resources can be used to overcome this issue. Paid digital marketing is built into our long term funding model. We simply need the immediate founding Sponsors to reach that point.

Thus our whats next is doing the strategic marketing projects that are designed to raise money and awareness of the platform. The Founding Sponsors are most critical. Once they are secured, our focus shifts towards the Public based fundraising over the next few years until the platform itself can reach critical mass and become self-funding.

Financials

Project Scholarship
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Project Scholarship

Board of directors
as of 2/25/2021
SOURCE: Self-reported by organization
Board chair

Mr DENNIS HARABIN

Relax Tax

Term: 2017 - 2019

David Harter

MassMutual

Romelio Rivera

Telecom Firm

Alyssa Zaremba

Work Wave

Richard Micliz

Penn Mutual

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 02/14/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 02/14/2021

Policies and practices developed in partnership with Equity in the Center, a project that works to shift mindsets, practices, and systems within the social sector to increase racial equity. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.