NonprofitsThe Childrens Scholarship Fund

Education

The Childrens Scholarship Fund

NEW YORK, NY

Total revenue

$31.7M

Total expenses

$25.5M

Net assets

$46.0M

Grants received

$34.4M

122 grants

EIN

134002189

Tax year

2024

Mission

The Children's Scholarship Fund (CSF) empowers families by providing children in need with scholarships, and by supporting expanded educational opportunities for all children.

Programs

2 programs

Program management and administration of New Hampshire Education Freedom (EFA) program: The EFA program provides students who are not enrolled full time in a New Hampshire public school and whose family earns 350% of the poverty line or below with a state grant to spend on eligible education related expenses. CSF administers the funding provided from the State of New Hampshire to each student account. Program staff verifies eligibility of students through the application process, reviews and approves payment of eligible education expenses, and approves educational providers. In addition, program staff provide outreach and support to NH families to inform them about the EFA program. During fiscal year 2025, CSF received approximately $28.7 million from the State of NH to fund over 5,800 EFAs.

Expenses: $2.4M

Program management, outreach and support: CSF's program staff works with parents and schools to ensure the integrity and efficient management of the program. The program staff verifies eligibility and student attendance, disburses the tuition assistance payments to schools and annually requalifies returning students. The Children's Scholarship Fund maintains partnerships with local scholarship programs in communities around the country. In addition to providing matching grants to these organizations, the Children's Scholarship Fund also trains local program staff and has developed and maintains specialized software that is used to manage scholarship awards.

Expenses: $1.1M

Financials

FY 2024

Revenue

Contributions & grants$27.0M
Program service revenue$2.3M
Investment income$2.4M
Other revenue
Total revenue$31.7M

Expenses

Grants paid$20.1M
Salaries & benefits$3.9M
Fundraising$1.3M
Other expenses$1.4M
Total expenses$25.5M
Total assets$64.8M
Net assets$46.0M

People

20 listed

NameRoleCompensation

Darla M Romfo

President & CEO

Board

$361K

40 hrs/wk

Kathleen Doran

CFO

Board

$249K

40 hrs/wk

Elizabeth Toomey

Corporate Secretary

Board

$168K

40 hrs/wk

Mike McCurry

Board Member

Board

1 hrs/wk

Kevin Short resigned Sept 12 2024

Board Member

Board

1 hrs/wk

Sandra Swirski

Board Member

Board

1 hrs/wk

Remy Trafelet

Board Member

Board

1 hrs/wk

Juan Williams

Board Member

Board

1 hrs/wk

Matthew Bonanno

Co Chair

Board

2 hrs/wk

Margot McGinness

Co Chair

Board

2 hrs/wk

Jeffrey Chang

Board Member

Board

1 hrs/wk

Stephen Fraidin

Board Member

Board

1 hrs/wk

Christopher Halpin

Board Member

Board

1 hrs/wk

Xavier James

Board Member

Board

1 hrs/wk

David E Johnson

Board Member

Board

1 hrs/wk

Michele Mitola

VP Strategic Planning & Development

Staff

$207K

40 hrs/wk

Katie J Baker Demers

Executive Director New Hampshire Programs

Staff

$195K

40 hrs/wk

Amy Popadick

Director of Strategic Partnerships

Staff

$155K

40 hrs/wk

Marie M Bathelmy

Director of Scholarship Operations

Staff

$131K

40 hrs/wk

Kelly D Belmonte

Director of Donor Engagement

Staff

$108K

40 hrs/wk

Grants received

Showing 122 of 122

FromAmountPurposeYear
$426K
for general operations
2024
$65K
Support for education and outreach to increase awareness and and support for educational choice and New Hampshire's Education Freedom Accounts, including retaining an outreach coordinator for these efforts.
2024
$37K
CHARITABLE GIFT
2024
$30K
General & Unrestricted
2024
$10K
UNRESTRICTED GIFT
2024
$5K
EDUCATIONAL SUPPORT AND TRAINING
2024
$5K
New York City Children's Scholarship Fund
2024
$1K
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$4.4M
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$3.0M
FINANCIAL AID GRANT
2023
$551K
for general operations
2023
$500K
SEE PART IV
2023
$400K
TO SUPPORT DESIGNING OR DEVELOPING AND LAUNCHING, PILOTING, OR IMPLEMENTING NEW SOLUTIONS TO HELP FAMILIES FURTHEST FROM OPPORTUNITY ACCESS FLEXIBLE, PERSONALIZED LEARNING OPTIONS
2023
$100K
For grant recipient's exempt purposes
2023
$90K
Support for education and outreach to increase awareness of New Hampshire's Education Freedom Accounts, including retaining an outreach coordinator.
2023
$53K
CHARITABLE GIFT
2023
$40K
GENERAL OPERATING
2023
$10K
EDUCATIONAL SUPPORT AND TRAINING
2023
$10K
To support general opeations
2023
$8K
Scholarship grant
2023
$5K
EDUCATION
2023
$4K
EDUCATIONAL
2023
$3K
SCHOLARSHIPS LOW INCOME
2023
$2K
CHARITABLE CONTRIBUTION
2023
$1K
SCHOLARSHIPS
2023
$950
GENERAL OPERATING SUPPORT
2023
$3.2M
FINANCIAL AID GRANT
2022
$2.7M
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$2M
CHILDREN'S SCHOLARSHIP FUND - NEW YORK
2022
$386K
for general operations
2022
$88K
For grant recipient's exempt purposes
2022
$85K
SEE PART IV
2022
$70K
CHARITABLE GIFT
2022
$60K
GENERAL OPERATING
2022
$10K
Scholarship grant
2022
$10K
SUPPORT THE CHARITABLE PURPOSE OF THE ORGANIZATION
2022
$5K
GENERAL SUPPORT
2022
$3K
EDUCATIONAL
2022
$2K
SCHOLARSHIPS LOW INCOME
2022
$1K
SCHOLARSHIPS
2022
$500
GENERAL OPERATING SUPPORT
2022
$3.3M
FINANCIAL AID GRANT
2021
$1.4M
For recipient's exempt purpose
2021
$72K
For grant recipient's exempt purposes
2021
$72K
For grant recipient's exempt purposes
2021
$50K
GENERAL OPERATING
2021
$15K
Scholarship grant
2021
$10K
SUPPORT THE CHARITABLE PURPOSE OF THE ORGANIZATION
2021
$10K
UNRESTRICTED
2021
$5K
SEE TISBEST MISSION
2021
$5K
SEE TISBEST MISSION
2021
$5K
EDUCATIONAL
2021
$1K
GENERAL OPERATING SUPPORT
2021
$1K
SCHOLARSHIPS LOW INCOME
2021
$1K
SCHOLARSHIPS
2021
$3.5M
FINANCIAL AID GRANT
2020
$874K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$353K
for general operations
2020
$121K
CHARITABLE GIFT
2020
$62K
For grant recipient's exempt purposes
2020
$50K
GENERAL PURPOSE
2020
$15K
Scholarship grant
2020
$13K
Operating fund
2020
$10K
SUPPORT THE CHARITABLE PURPOSE OF THE ORGANIZATION
2020
$9K
Unrestricted
2020
$6K
EDUCATIONAL
2020
$5K
UNRESTRICTED GRANT TO GENERAL FUND
2020
$5K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2020
$2K
VOLUNTEER INCENTIVE PROGRAM
2020
$1K
SCHOLARSHIPS LOW INCOME
2020
$100
HELPING LOW-INCOME CHILDREN ESCAPE POVERTY THROUGH EDUCATIONAL OPPORTUNITY
2020
$2.5M
Tuition Scholarship
2019
$68K
SCHOLARSHIP PROGRAM
2019
$23K
For grant recipient's exempt purposes
2019
$5K
EDUCATIONAL
2019
$5K
GENERAL SUPPORT TO CARRY OUT THE MISSION OF THE ORGANIZATION
2019
$280
GENERAL OPERATING SUPPORT
2019
$18K
For grant recipient's exempt purposes
2018
$15K
Scholarship grant
2018
$10K
SUPPORT THE CHARITABLE PURPOSE OF THE ORGANIZATION
2018
$10K
Unrestricted
2018
$8K
DONATION
2018
$5K
General support to CARRY OUT THE MISSION OF THE ORGANIZATION
2018
$3K
PROGRAM/OPERATING SUPPORT
2018
$2K
PROGRAM/OPERATING SUPPORT
2018
$1K
UNRESTRICTED GIFT
2018
$100
GENERAL OPERATING SUPPORT
2018
$2.7M
Tuition Scholarship
2017
$50K
GENERAL PURPOSE
2017
$20K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$13K
General Support
2017
$10K
Provide disadvantaged girls private school
2017
$5K
GENERAL SUPPORT TO CARRY OUT THE MISSION OF THE ORGANIZATION.
2017

Funded by

$34.4M from 49 funders · 122 grants · 2017–2024

Inner City Scholarship Fund Inc

$13.0M · 4 grants · 2020–2023

Vanguard Charitable Endowment Program

$9.4M · 4 grants · 2020–2023

Partnership For Inner City Education

$5.2M · 2 grants · 2017–2019

Donors Trust Inc

$1.7M · 4 grants · 2020–2024

Jones Day Foundation

$500K · 1 grant · 2023

Fidelity Investments Charitable Gift Fund

$455K · 8 grants · 2017–2023

Bellwether Education Partners Inc

$400K · 1 grant · 2023

Details

EIN134002189
NTEE codeB820
Subsection03
Ruling date1998-11
Formed1998
Employees34
Volunteers133
THE CHILDRENS SCHOLARSHIP FUND — Mission, Financials & Grants Received | Grantivo