Kids Scholarship Fund Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Raising each dollar of donations cost 70 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
THE KIDS' SCHOLARSHIP FUND HELPS CONNECTICUT CHILDREN FROM LOW-INCOME FAMILIES REACH THEIR FULL POTENTIAL BY PROVIDING EQUAL ACCESS TO A HIGH-QUALITY, FOUNDATIONAL K-8 EDUCATION THROUGH NEED-BASED SCHOLARSHIPS THAT EMPOWER FAMILIES TO CHOOSE PRIVATE SCHOOLS WHERE THEIR CHILDREN CAN LEARN, GROW, AND THRIVE.
- Income
- $766,050
- Spending
- $1.1 million
- Spent on programs
- 76%
- Reserves
- 57.3 months of spending
- Largest source of income
- investment income, 74%
- Employees
- 2
- Volunteers
- 5
- Highest pay
- $129,383, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100. Higher than 38% of charities in its peer group (education, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 57.3 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 47% of income.
Income trend
15 of 15Income rose 27% on the year before.
Spending floor
0 of 1576% of spending went to programs and raising each dollar of donations cost 70 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 93 out of 100. Higher than 90% of charities in its peer group (education, $250k to $1m).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $854,133 spent. SINCE 1995, CEO FOUNDATION OF CT HAS AWARDED MORE THAN $22MILLION TO OVER 10,000 CHILDREN. RECENTLY, CEO LAUNCHED THE KIDS' SCHOLARSHIP FUND (KSF) TO FOCUS ON INCREASING THE NUMBER OF K-8 SCHOOL SCHOLARSHIPS AVAILABLE TO CONNECTICUT'S UNDERSERVED FAMILIES AND CHILDREN. EACH YEAR KSF RECEIVES NEARLY 1,000 QUALIFIED APPLICATIONS FOR 375 COVETED SCHOLARSHIPS. KSF IS PROUD TO MAKE A DIFFERENCE IN THE LIVES OF THESE 375 CHILDREN, BUT STRIVES TO SERVE ALL IN NEED.MOVING FORWARD, KIDS' SCHOLARSHIP FUND WILL FOCUS ON EXPANDING ACCESS BY INCREASING ANNUAL FUNDRAISING TO MEET THE INCREASING NEED AND BY EDUCATING PARENTS AND GUARDIANS ABOUT THE BENEFITS OF QUALITY EDUCATION, WHILE MAINTAINING RELATIONSHIPS WITH FAMILIES AND STUDENTS AS THEY MOVE THROUGH HIGH SCHOOL, TECHNICAL SCHOOL AND COLLEGE, AND CAREERS/LIFE. WE WILL CONTINUE TO MEASURE IMPACT AND SUCCESS, WORKING CLOSELY WITH OUR PARTNER SCHOOLS TO ENSURE PRIVATE, PAROCHIAL, RELIGIOUS AND NON-RESIDENCY EDUCATION OPTIONS REMAIN AVAILABLE TO LOW-INCOME FAMILIES. WITH OUR ALUMNI SCHOLARS AND THEIR FAMILIES, WE WILL CREATE A PAY IT FORWARD MOVEMENT TO HELP FUTURE STUDENTS.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1998.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.