Nonprofit · EIN 23-3078729
CHILDREN SCHOLARSHIP FUND PHILADELPHIA
Tax-exempt · PHILADELPHIA, PA 19102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,928,194 | $17,599,498 | $328,696 | $27,785,875 | $938,977 | $26,846,898 |
| December 31, 2023 | 990 | $16,112,860 | $15,631,393 | $481,467 | $27,641,671 | $1,247,762 | $26,393,909 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $16,437,196
- Program service revenue
- $75,000
- Investment income
- $1,409,340
- Net gain from sales of assets
- $706,955
- Net income from fundraising events
- $6,658
- Other revenue
- $6,658
Expenses
- Grants and similar amounts paid
- $14,352,438
- Compensation of officers, directors and key employees
- $606,748
- Other salaries and wages
- $1,225,694
- Salaries, compensation and benefits (total)
- $2,069,001
- Professional fundraising fees
- $246
- Legal fees
- $4,994
- Accounting fees
- $61,288
- Occupancy
- $10,731
- Travel
- $37,454
- Depreciation
- $13,226
- Program services (functional)
- $15,818,715
- Management and general (functional)
- $844,183
- Fundraising (functional)
- $936,600
Balance sheet and other
- Total assets, start of year
- $27,641,671
- Total assets, end of year
- $27,785,875
- Total liabilities, end of year
- $938,977
- Net assets, end of year
- $26,846,898
- Land, buildings and equipment
- $48,866
- Publicly traded securities
- $14,042,497
- Net assets without donor restrictions
- $3,423,488
- Net assets with donor restrictions
- $23,423,410
- Gross receipts
- $22,995,473
- Employees
- 27
- Volunteers
- 133
- Year formed
- 2001
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEISHA JORDAN | PRESIDENT & CEO Officer | 40 | $223,499 | $19,216 |
| JENNIFER BURNS | CHIEF ADVANCEMENT OFFICER Key employee | 40 | $179,142 | $14,734 |
| JULIA RAIKEN | CHIEF PROGRAM OFFICER Key employee | 40 | $183,800 | $7,469 |
| MEGAN SARAH STAPLES | VP OF DEVELOPMENT Highest-paid employee | 40 | $141,200 | $9,595 |
| DERIK COMALLI | SR. DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $130,900 | $12,312 |
| MARGARET DINNENY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEREMY BEN-ZEV | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH FERGUSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STEVE KAPP | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PATRICK J BURKE CPA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARC BRYANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRADLEY FOUSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUDITH DURKIN FREYER CFA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVIE MCNIFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV DR LORINA MARSHALL-BLAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEANNE CLANCY | DIRECTOR Trustee or director | 1 | $0 |
| MARC RICHMAN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| CORY O HIPPLER | DIRECTOR Trustee or director | 1 | $0 |
| JOSH BARRICKMAN | DIRECTOR Trustee or director | 1 | $0 |
| TALIB NADIR ELLISON | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA HAYNE | DIRECTOR Trustee or director | 1 | $0 |
| SHANTE WOODLIN | DIRECTOR Trustee or director | 1 | $0 |
| KAMESHA CALLANDS | DIRECTOR Trustee or director | 1 | $0 |
| PRESTON HAWKINS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEISHA JORDAN | PRESIDENT & CEO Officer | 40 | $205,515 | $29,746 |
| JULIA RAIKEN | CHIEF PROGRAM OFFICER Key employee | 40 | $171,000 | $7,612 |
| MEGAN SARAH STAPLES | VP OF DEVELOPMENT Highest-paid employee | 40 | $136,120 | $12,471 |
| DERIK COMALLI | SR. DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $122,900 | $11,017 |
| MARGARET DINNENY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JEREMY BEN-ZEV | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH FERGUSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STEVE KAPP | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PATRICK J BURKE CPA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARC BRYANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAMALA EDWARDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRADLEY FOUSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUDITH DURKIN FREYER CFA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LATEEFAH LUCKY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVIE MCNIFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV DR LORINA MARSHALL-BLAKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEANNE CLANCY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARC S RICHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORY O HIPPLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE SANTIAGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH BARRICKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TALIB NADIR ELLISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PRESTON HAWKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 WALNUT ST STE 1300, PHILADELPHIA, PA 19102-3514
- In care of
- % DERIK COMALLI
- Principal officer (990 for 2024)
- KEISHA JORDAN, 1500 WALNUT STREET 1300, PHILADELPHIA, PA 19102
- Signed the 990
- KEISHA JORDAN, PRESIDENT & CEO
- Phone
- (215) 670-8411
- Website
- WWW.CSFPHILADELPHIA.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
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.
Program accomplishments
- 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.Expenses $15,818,715 · grants $14,352,438 · revenue $81,658
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-3078729
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $25,667,836
- Income (IRS master file)
- $19,562,474
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,928,194 | $17,599,498 | $27,785,875 | XML |
| 990 | December 2023 | $16,112,860 | $15,631,393 | $27,641,671 | XML |
| 990 | December 2022 | $15,728,213 | $13,352,425 | $26,013,969 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-3078729).
Questions about CHILDREN SCHOLARSHIP FUND PHILADELPHIA
- What is the EIN of CHILDREN SCHOLARSHIP FUND PHILADELPHIA?
- The employer identification number (EIN) of CHILDREN SCHOLARSHIP FUND PHILADELPHIA is 23-3078729.
- Is CHILDREN SCHOLARSHIP FUND PHILADELPHIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CHILDREN SCHOLARSHIP FUND PHILADELPHIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHILDREN SCHOLARSHIP FUND PHILADELPHIA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHILDREN SCHOLARSHIP FUND PHILADELPHIA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHILDREN SCHOLARSHIP FUND PHILADELPHIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHILDREN SCHOLARSHIP FUND PHILADELPHIA?
- The 990 for the year ended December 31, 2024 names KEISHA JORDAN.
- Who are the officers and directors of CHILDREN SCHOLARSHIP FUND PHILADELPHIA?
- The 990 for the year ended December 31, 2024 lists 25 people; 5 received compensation from the organization, the highest $223,499 (KEISHA JORDAN, PRESIDENT & CEO).
- How much revenue does CHILDREN SCHOLARSHIP FUND PHILADELPHIA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,928,194, expenses of $17,599,498 and total assets of $27,785,875 at year end.
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