NonprofitsOle School Scholarship Fund

Education

Ole School Scholarship Fund

CHESAPEAKE, VA

Total revenue

$174K

Total expenses

$117K

Net assets

$487K

Grants received

$363K

9 grants

EIN

261545132

Tax year

2024

Mission

Awarding student scholarships and providing students with stipends and with financial assistance for tuition, books, fees, and supplies/equipment. (College Level)

Programs

4 programs

Sentara Healthcare Program: The Ole School Scholarship Fund (the Fund) - in partnership with Sentara Healthcare, continued to provide financial assistance (scholarships, tuition, stipends, books, miscellaneous fees, supplies/equipment) to and in support of underserved\underrepresented healthcare service industry students (and students in supporting majors) participating in the Ole School Scholarship Fund Recruitment Program at James Madison University. This year, the Fund provided support including: (1) Sentara Summer Camp student stipends ($25,000); (2) other student stipends ($7,425); (3) scholarships ($13,500); (4) miscellaneous fees and books ($2,000); (5) Ghana Summer Scholarship and Operational Support ($11,000); 6) Ole School Scholarship Fund Operational Support ($7,552); (7) Student Study Abroad Programs ($4,800); (8) etc..

Expenses: $74KGrants: $66K

Ole School Alumni Owusu-Ansah (JMU) Experiential Summer Scholarship (Ghana Summer Scholarship): Provided two $5,000 scholarships to JMU students for the annual summer trip to Ghana with other students (led by a JMU professor)

Expenses: $10KGrants: $10K

Other Financial Assistance to JMU students: (1) Provided $4,968 as part of Ole School Scholarship underserved / underrepresented program in partnership with JMU and ERP Corporation (and its affiliates). (2) Provided a $2,500 student scholarship in partnership with Ernst & Young. (3) Provided a $5,000 student scholarship for Experiential Learning in partnership with Freddie Mac.

Expenses: $12KGrants: $12K

Steve and Nora Crouch JMU Alumni Donations: Provided (1) support to a JMU student to provide housing in support of their Internship at Boston University (($5,621) and (2) student stipend for a student study abroad program (Japan; $1,500)

Expenses: $7KGrants: $7K

Financials

FY 2024

Revenue

Contributions & grants$169K
Program service revenue
Investment income$5K
Other revenue
Total revenue$174K

Expenses

Grants paid$112K
Salaries & benefits
Fundraising
Other expenses$6K
Total expenses$117K
Total assets$487K
Net assets$487K

People

5 listed

NameRoleCompensation

Derek Steele

President

Board

0

Malcom Taylor

Vice President

Board

0

Charles May

Advisor

Board

0

Nora Crouch

Advisor

Board

0

Walter Stith

Treasurer

Board

0

Grants received

Showing 9 of 9

FromAmountPurposeYear
$97K
OLE SCHOOL ALUMNI SCHOLARSHIP GROUP
2023
$19K
For grant recipient's exempt purposes
2023
$10K
UNRESTRICTED SUPPORT OF ORGANIZATIONS MISSION
2023
$70K
INCREASING UNDER-SERVED REPRESENTATION IN HEALTHCARE
2022
$30K
For grant recipient's exempt purposes
2022
$50K
GENERAL OPERATING
2021
$33K
For grant recipient's exempt purposes
2021
$33K
For grant recipient's exempt purposes
2021
$21K
For grant recipient's exempt purposes
2020

Funded by

$363K from 4 funders · 9 grants · 2020–2023

Sentara Health

$167K · 2 grants · 2022–2023

Fidelity Investments Charitable Gift Fund

$136K · 5 grants · 2020–2023

Cohnreznick Foundation Inc

$10K · 1 grant · 2023

Details

EIN261545132
NTEE codeB82
Subsection03
Ruling date2014-07
Formed2011
Employees0
Volunteers10
OLE SCHOOL SCHOLARSHIP FUND — Mission, Financials & Grants Received | Grantivo