Nonprofits5 Strong Scholarship Foundation

Education

5 Strong Scholarship Foundation

COLLEGE PARK, GA

Total revenue

$413K

Total expenses

$366K

Net assets

$409K

Grants received

$494K

21 grants

EIN

471332851

Tax year

2024

Mission

5 Strong helps to provide promising student leaders with full-tuition scholarships, college ready prep sessions, and ongoing mentoring and support from matriculation to graduation. 5 Strongs goal is for our scholars to Go, Stay, and Graduate in 4 years or less with $0 to minimal student loan debt.

Financials

FY 2024

Revenue

Contributions & grants$413K
Program service revenue
Investment income$7
Other revenue
Total revenue$413K

Expenses

Grants paid$47K
Salaries & benefits$177K
Fundraising$32K
Other expenses$142K
Total expenses$366K
Total assets$411K
Net assets$409K

People

4 listed

NameRoleCompensation

Andrew Ragland

CEO

Board

$95K

40 hrs/wk

Carolyn Hill

Foundation Mgr.

Board

$65K

40 hrs/wk

Dr Cheryl Lewis

Director

Board

$3K

5 hrs/wk

Sherida Ragland

Foundation Mgr.

Board

10 hrs/wk

Grants received

Showing 21 of 21

FromAmountPurposeYear
$5K
Ray Owens Director Allocation
2024
$3K
SUPPORT OPERATIONAL PROGRAMS
2024
$250K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$5K
UNRESTRICTED
2023
$3K
FUNDS TOWARDS THE 5 STRONG COLLEGE READY PREP SESSIONS FOR T-SHIRTS, HOT MEALS, PRESENTATION MATERIALS AND FACILITY RENTAL
2023
$3K
SUPPORT OPERATIONAL COSTS AND THE 5 STRONG COLLEGE READY PREP SESSIONS PROGRAM
2023
$1K
Volunteer Gift
2023
$15K
TO FULFILL MISSION
2022
$6K
UNRESTRICTED
2022
$3K
FUNDS FOR PROGRAM COSTS OF COLLEGE READY PREP SESSIONS
2022
$1K
Volunteer Gift
2022
$5K
UNRESTRICTED
2021
$5K
GENERAL OPERATING
2021
$3K
AID IN OPERATIONAL EXPENSES AS WELL AS THE 5 STRONG COLLEGE READY PREP SESSIONS PROGRAM WHERE TOPICS LIKE "BALANCING ACADEMIC AND SOCIAL LIFE AND "BUILDING RELATIONSHIPS WITH YOUR PROFESSORS AND ADVISORS" ARE DISCUSSED
2021
$500
COLLEGE PREP FOR STUDENTS AND COLLEGE VISITS
2021
$500
SUPPORT OPERATIONAL COSTS ASSOCIATED WITH THE COLLEGE READY PREP SESSIONS
2021
$5K
Unrestricted
2020
$5K
GENERAL OPERATING
2020

Funded by

$494K from 10 funders · 21 grants · 2020–2024

The Community Foundation For Greater

$126K · 2 grants · 2022–2023

Network For Good

$21K · 4 grants · 2020–2023

The Imlay Foundation Inc

$15K · 1 grant · 2022

Adient Foundation Inc

$10K · 2 grants · 2020–2021

American Woodmark Foundation Inc

$8K · 4 grants · 2021–2024

Dermody Properties Foundation

$7K · 3 grants · 2021–2023

Details

EIN471332851
NTEE codeB82
Subsection03
Ruling date2015-02
Formed2014
Employees3
5 STRONG SCHOLARSHIP FOUNDATION — Mission, Financials & Grants Received | Grantivo