2025-09-27T06:44:58-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2024-01-01 233078729 CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA CHIL 2156708411 1500 WALNUT STREET 1300 PHILADELPHIA PA 19102 KEISHA JORDAN PRESIDENT & CEO 2156708411 2025-09-24 1 1 KERRI N BOGDA P00760402 7177404863 2025-09-24 2024 2025-03-06 01:10:19Z KEISHA JORDAN 1500 WALNUT STREET 1300 PHILADELPHIA PA 19102 22995473 0 X WWW.CSFPHILADELPHIA.ORG X 2001 PA TO PROVIDE UNDER-RESOURCED PHILADELPHIA FAMILIES WITH SCHOLARSHIPS TO QUALITY, SAFE SCHOOLS. 20 20 27 133 0 0 15329618 16437196 189415 75000 593827 1409340 0 6658 16112860 17928194 12792423 14352438 0 0 1646459 2069001 116175 246 936600 1076336 1177813 15631393 17599498 481467 328696 27641671 27785875 1247762 938977 26393909 26846898 X WITH OVER 20 YEARS OF EXPERIENCE AND OVER 30,000 SCHOLARSHIPS AWARDED, CSFP PROVIDES PHILADELPHIA CHILDREN WITH EIGHT-YEAR, NEEDS-BASED SCHOLARSHIPS TO ATTEND SAFE, QUALITY, K-8TH GRADE SCHOOLS. CONTINUED ON SCHEDULE O.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. 0 0 15818715 14352438 81658 CHILDREN'S SCHOLARSHIP FUND PHILADELPHIA (CSFP) IS A PRIVATELY-FUNDED PROGRAM WHOSE MISSION IS TO PROVIDE CHILDREN FROM UNDER-RESOURCED PHILADELPHIA FAMILIES WITH FINANCIAL ACCESS TO QUALITY, SAFE, K-8TH GRADE, TUITION-BASED SCHOOLS, THEREBY INCREASING THEIR LONG-TERM ECONOMIC AND SOCIAL SUCCESS. CSFP GRANTS NEED-BASED, PARTIAL SCHOLARSHIPS THROUGH A RANDOM LOTTERY. DURING 2024, CSFP SERVED 6,553 CHILDREN ENROLLED AT OVER 150 PAROCHIAL AND PRIVATE SCHOOLS.CONTINUED ON SCHEDULE O.CSFP PROVIDES ADDITIONAL PROGRAMMING IN SERVICE TO SCHOLARSHIP RECIPIENTS CALLED CAMP CONNECTIONS, WHICH IS A SUMMER PROGRAM IN WHICH SCHOLARSHIP RECIPIENTS ARE INVITED TO ATTEND A WEEKLONG CAMP THROUGH PARTNERSHIPS WITH LOCAL UNIVERSITIES. THE PURPOSE OF CAMP CONNECTIONS IS TO COMBAT "SUMMER SLIDE", THE LOSS OF ACADEMIC PROGRESS OVER THE SUMMER BREAK FROM SCHOOL, BY PROVIDING AN ENRICHING AND FUN OPPORTUNITY FOR SCHOLARSHIP RECIPIENTS TO LEARN, GROW, AND BE CHALLENGED OUTSIDE OF THE TRADITIONAL SCHOOL ENVIRONMENT.CSFP HAS ALSO CREATED THE PROGRAM AMBASSADOR (PA) PROGRAM IN WHICH PARENTS/GUARDIANS OF SCHOLARSHIP RECIPIENTS SERVE AS A REPRESENTATIVE WITHIN THEIR CHILD'S SCHOOL, ACTING AS A KEY CONTACT FOR FAMILIES TO STRENGTHEN RELATIONSHIPS BETWEEN SCHOOLS, THE COMMUNITY, AND CSFP STAFF. PAS PARTICIPATE IN SCHOOL EVENTS ON BEHALF OF CSFP, COMMUNICATE WITH EXISTING FAMILIES ABOUT STUDENT VERIFICATION RECORDS, REGISTRATIONS, AND EVENTS, AND ENGAGE WITH PROSPECTIVE FAMILIES INTERESTED IN APPLYING FOR SCHOLARSHIPS. THEY ALSO COLLABORATE WITH SCHOOL ADMINISTRATORS TO SUPPORT SCHOLAR FAMILIES, REGULARLY CHECK AND RESPOND TO EMAILS FROM CSFP AND FAMILIES, AND ATTEND MANDATORY MEETINGS, INCLUDING ORIENTATION, MONTHLY CHECK-INS, AND A WINTER UPDATE MEETING. 15818715 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 62 0 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X X DERIK COMALLI VICE PRESIDENT OF OPERATIONS 2156708411 1500 WALNUT STREET 1300 PHILADELPHIA PA 19102 MARGARET DINNENY CHAIR 1.00 0.00 X X 0 0 0 JEREMY BEN-ZEV VICE CHAIR 1.00 0.00 X X 0 0 0 JOSEPH FERGUSON SECRETARY 1.00 0.00 X X 0 0 0 STEVE KAPP TREASURER 1.00 0.00 X X 0 0 0 PATRICK J BURKE CPA DIRECTOR 1.00 0.00 X 0 0 0 MARC BRYANT DIRECTOR 1.00 0.00 X 0 0 0 BRADLEY FOUSS DIRECTOR 1.00 0.00 X 0 0 0 JUDITH DURKIN FREYER CFA DIRECTOR 1.00 0.00 X 0 0 0 EVIE MCNIFF DIRECTOR 1.00 0.00 X 0 0 0 REV DR LORINA MARSHALL-BLAKE DIRECTOR 1.00 0.00 X 0 0 0 LEANNE CLANCY DIRECTOR 1.00 0.00 X 0 0 0 MARC RICHMAN DIRECTOR 1.00 0.00 X 0 0 0 JAMES ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 CORY O HIPPLER DIRECTOR 1.00 0.00 X 0 0 0 JOSH BARRICKMAN DIRECTOR 1.00 0.00 X 0 0 0 TALIB NADIR ELLISON DIRECTOR 1.00 0.00 X 0 0 0 JESSICA HAYNE DIRECTOR 1.00 0.00 X 0 0 0 SHANTE WOODLIN DIRECTOR 1.00 0.00 X 0 0 0 KAMESHA CALLANDS DIRECTOR 1.00 0.00 X 0 0 0 PRESTON HAWKINS DIRECTOR 1.00 0.00 X 0 0 0 KEISHA JORDAN PRESIDENT & CEO 40.00 0.00 X 223499 0 19216 JENNIFER BURNS CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 179142 0 14734 JULIA RAIKEN CHIEF PROGRAM OFFICER 40.00 0.00 X 183800 0 7469 MEGAN SARAH STAPLES VP OF DEVELOPMENT 40.00 0.00 X 141200 0 9595 DERIK COMALLI SR. DIRECTOR OF OPERATIONS 40.00 0.00 X 130900 0 12312 858541 0 63326 5 0 1 0 DUNBAR PUBLIC AFFAIRS AND ASSOCIATE 1003 CEDAR BOOK LANE PENNSBURG PA 18073 CONSULTING SERVICES 140500 1 16437196 368665 16437196 SCHOLARSHIP ADMIN SERVICES 611710 75000 75000 75000 702385 702385 5774234 5067279 706955 706955 706955 6658 0 6658 6658 17928194 75000 0 1415998 13000 13000 14339438 14339438 606748 182024 212362 212362 1225694 654977 158675 412042 82619 41103 13562 27954 153940 70585 30916 52439 4994 4994 61288 61288 495 495 246 246 47253 47253 365995 219597 73199 73199 184182 68548 115634 112404 54833 47981 9590 10731 6439 4292 37454 12360 6367 18727 13226 13226 6503 6503 PROGRAM EXPENSE 178582 89291 89291 LEASE EXPENSE 49872 29923 19949 DUES AND SUBSCRIPTIONS 44446 44446 EVENTS AND PARTNERSHIPS 39966 24379 5196 10391 20422 12218 4188 4016 17599498 15818715 844183 936600 92074 177 12987642 10636544 1932181 2870173 80000 82000 48356 27474 89574 40708 62092 48866 12312324 14042497 127002 78144 27641671 27785875 596379 478758 651383 460219 1247762 938977 X 1497604 3423488 24896305 23423410 26393909 26846898 27641671 27785875 328696 124293 0 X 0 1 X 1 0 X 10887460 12657055 15364635 15329618 16437196 70675964 10887460 12657055 15364635 15329618 16437196 70675964 8866932 61809032 92187 120818 154172 489523 702385 1559085 6658 6658 72241707 403290 0.85560 0.81980 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT TICKET - 2024 AMOUNT: $ 6,658. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 495 495 0 PART II-B, LINE 1: INVEST IN EDUCATION: ENDORSEMENT OF THE EDUCATIONAL CHOICE FOR CHILDREN ACT 10000 5125 4875 79574 35583 43991 48866 LEASE LIABILITY 83031 SCHOLARSHIP FUNDS HELD FOR OTHERS 377188 460219 X 18005234 124293 -47253 77040 17928194 0 17928194 17552245 0 17552245 47253 47253 17599498 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATION EXPENSES. THERE WERE NO UNRECOGNIZED TAX BENEFITS RECORDED DURING THE PERIODS PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS -47,253. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS 47,253. 1 SCHOLARSHIP PROGRAM 171 14339438 PART I, LINE 2: THE ORGANIZATION ISSUES GRANT PAYMENTS DIRECTLY TO EACH RECIPIENT'S SCHOOL. PRIOR TO THE ISSUANCE OF THE GRANT, THE ORGANIZATION HAS A DUE DILIGENCE PROCESS TO ENSURE THE SCHOOL IS ACCREDITED AND THEN CONFIRMS WITH THE SCHOOL TO ENSURE THE STUDENT IS ENROLLED. SCHOLARSHIP RECIPIENTS ARE DECIDED BY A PROCESS THAT CONSIDERS THE FAMILY'S INCOME AGAINST THRESHOLDS ESTABLISHED BY THE DEPARTMENT OF COMMUNITY & ECONOMIC DEVELOPMENT. ONCE SELECTED IN THE LOTTERY, FAMILIES MUST SUBMIT FINANCIAL DOCUMENTS ANNUALLY TO CONFIRM CONTINUED ELIGIBILITY. THERE ARE NO GRADE REQUIREMENTS TO RECEIVE A SCHOLARSHIP. CONTRIBUTIONS TO OTHER NON-PROFIT ORGANIZATIONS ARE SOMETIMES DISTRIBUTED AS THE NEED ARISES. THESE DONATIONS ARE IN LINE WITH THE MISSION OF THE ORGANIZATION AND NO FURTHER DOCUMENTATION IS REQUIRED. X X X 0 0 0 0 0 0 0 1 0 KEISHA JORDAN PRESIDENT & CEO 205699 0 17800 0 0 0 8940 0 10276 0 242715 0 0 0 JENNIFER BURNS CHIEF ADVANCEMENT OFFICER 178642 0 500 0 0 0 4820 0 9914 0 193876 0 0 0 JULIA RAIKEN CHIEF PROGRAM OFFICER 176800 0 7000 0 0 0 7352 0 117 0 191269 0 0 0 MEGAN SARAH STAPLES VP OF DEVELOPMENT 135200 0 6000 0 0 0 2519 0 7076 0 150795 0 0 0 PART I, LINE 7 BONUSES ARE PROVIDED TO EXECUTIVES BASED UPON CRITERIA THAT ARE ASSOCIATED WITH PERSONAL PERFORMANCE-BASED RECOGNITION USING CUSTOMIZED PERFORMANCE GOALS. THE OVERALL PERFORMANCE OF THE ORGANIZATION AND ITS STRATEGIC GOALS ARE ALSO CONSIDERED WHEN DETERMINING BONUS ELIGIBILITY. THE EXECUTIVE COMMITTEE AND THE CEO DETERMINE BONUSES FOR EMPLOYEES WHILE THE EXECUTIVE COMMITTEE DETERMINES BONUS ELIGIBILITY FOR THE CEO AND APPROVES ANY BONUS TO BE AWARDED. X 8 368665 NYSE 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED THOROUGHLY BY THE VICE PRESIDENT OF OPERATIONS AND THE PRESIDENT AND CEO PRIOR TO SHARING THE RETURN WITH THE FINANCE COMMITTEE. THE FINANCE COMMITTEE FURTHER REVIEWS THE 990 FOR ACCURACY BEFORE AUTHORIZING THE TREASURER TO SIGN. A COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER BEFORE FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE AND THE PRESIDENT MONITORS THE RESPONSES. CONFLICTS ARE REVIEWED AND RESOLVED IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 15 IN NOVEMBER 2023, CSFP ENLISTED ITS PEO TO PERFORM A COMPENSATION STUDY BY UTILIZING COMPARABLE MARKET DATA FROM THE ECONOMIC RESOURCE INSTITUTE AND SALARY.COM. CSFP MADE BEST EFFORTS TO ENSURE THAT EMPLOYEES ARE BEING COMPENSATED AT THE 25TH PERCENTILE IN 2024 GIVEN THEIR QUALIFICATIONS AND POSITION LEVEL. THIS DOCUMENT IS AVAILABLE UPON REQUEST. CSFP IS IN THE PROCESS OF HIRING A CONSULTANT TO COMPLETE ANOTHER COMPENSATION STUDY FOR 2025 WHICH WILL INCLUDE REBUTTABLE CRITERIA TO SUPPORT REASONABLE COMPENSATION FOR THE OFFICER LEVEL POSITIONS. ON A GOING-FORWARD BASIS, BOARD LEVEL DISCUSSIONS ON COMPENSATION WILL BE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.