New Haven Scholarship Fund
P.O. Box 8936
New Haven CT 06532-8936
Contact Information
Address P.O. Box 8936
New Haven, CT 06532-8936
Telephone (203) 389-1622 x
Fax 203-483-9543
E-mail newhavenscholarship@yahoo.com
Web and Social Media
One of 221 students who received a scholarship in 2014

Mission
The New Haven Scholarship Fund helps New Haven high school graduating seniors break the cycle of limited opportunities.  We give scholarships to students who wish to pursue their continued education and do not limit our awards to top achieving students, as we believe that all students deserve an opportunity to fulfill their potential. Our awards can be used at any college or school in or outside Connecticut.
At A Glance
Year of Incorporation 1961
Organization's type of tax exempt status Exempt-Other
Leadership
CEO/Executive Director Organization is made up of all volunteers. There is no CEO.
Board Chair Mr. Jeffrey Alpert
Board Chair Company Affiliation The Sound School
Financial Summary
 
Projected Revenue $180,000.00
Projected Expenses $250,000.00
Statements
Mission The New Haven Scholarship Fund helps New Haven high school graduating seniors break the cycle of limited opportunities.  We give scholarships to students who wish to pursue their continued education and do not limit our awards to top achieving students, as we believe that all students deserve an opportunity to fulfill their potential. Our awards can be used at any college or school in or outside Connecticut.
Background The New Haven Scholarship Fund was founded in 1959 by Jean Paton Lovell, a mathematics teacher who had students with great academic potential but without the finances to further their education.  In 50 plus years over $7 million has been awarded to over 7,000 New Haven students.
Impact 1. Awarded $303,000 in scholarships.
2. Awarded 221 scholarships.
3. Outreach to students and parent(s) to assist in the process of accessing their scholarship money.
Current goals: 1. To raise money to fund as many scholarships as we are able.  2. To assist as many students as we are able.  3. To increase the size of our awards based on financial ability. 
Needs 1. To increase the amount of money available to give to high school seniors.
2. To increase the amount of money available to give to students beyond their first year of college.
3. Update website, forms, brochures and create social  media outreach.
4. Board reorganization to increase visibility and fundraising.
Board Chair Statement The NHSF is an all volunteer organization with only a part time paid administrative aide. Every penny of every direct donation to the Scholarship Fund goes directly to scholarships with no money taken for administrative purposes. We give scholarships to students who wish to pursue their continued education and do not limit our awards to only top achieving students, as we believe that all students deserve an opportunity. Our awards are not limited to a geographic area and can be used at colleges outside Connecticut.
Service Categories
Primary Organization Category Education / Scholarships & Student Financial Aid
Areas Served
New Haven
Eligible students are New Haven residents graduating from New Haven Public High Schools, Eli Whitney Regional Technical School and  Common Ground and Amistad charter high schools.
Programs
Description To award seed money as scholarships to eligible students who are going on to post secondary education from New Haven Public High Schools
Population Served Poor,Economically Disadvantaged,Indigent / /
Program is linked to organization’s mission and strategy Yes
Program is frequently assessed based on predetermined program goals Yes
Description  to offer the opportunity to receive additional awards for schooling.
Population Served / /
Program Comments
CEO Comments The NHSF has offered over 7,000 students scholarships totally more than $7,500,000 since its inception in 1959.  Our continuing challenge is to grow the amount given and the number of students served so that everyone has the opportunity to enhance their education.
CEO/Executive Director
Organization is made up of all volunteers. There is no CEO.
Email newhavenscholarship@yahoo.com
Staff
Number of Full Time Staff 0
Number of Part Time Staff 1
Number of Volunteers 40
Number of Contract Staff 0
Staff Retention Rate 100%
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 1
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 0
Female 1
Unspecified 0
Formal Evaluations
CEO Formal Evaluation N/A
CEO/Executive Formal Evaluation Frequency N/A
Senior Management Formal Evaluation N/A
Senior Management Formal Evaluation Frequency N/A
Non Management Formal Evaluation N/A
Non Management Formal Evaluation Frequency Bi-Annually
Board Chair
Mr. Jeffrey Alpert
Company Affiliation The Sound School
Term Jan 2015 to Dec 2016
Board of Directors
NameAffiliation
Sasha Benjamin SCSU
Joseph Binkoski retired
Lynn Brantley community volunteer
Gerald Clark community volunteer
Penny Conti New Haven Public Schools
John Courtmanche
Mildred Doody community volunteer
William Dyson retired
Angel Fernandez-Chavero community volunteer
Cassandra Floyd community volunteer
Lindy Lee Gold community volunteer
Stephen Grodzinsky community volunteer
Susan Holahan community volunteer
Marilyn Inge community volunteer
Tracy Johnson Russell community volunteer
Jane Kovel Wilbur Cross High School
Justine Miller community volunteer
Elizabeth Oliver
Rocco Orlando retired
Anna Rivera Alfaro SCSU
Raquel Santiago-Martinez
Patti Scussel
Georgia Simon community volunteer
Peter Stolzman retired
Paula Waite community volunteer
Aaron Washington SCSU
Margaret Watley retired
Board Demographics - Ethnicity
African American/Black 9
Asian American/Pacific Islander 0
Caucasian 16
Hispanic/Latino 3
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 10
Female 18
Unspecified 0
 
 
Financials
Fiscal Year Start July 01 2015
Fiscal Year End June 30 2016
Projected Revenue $180,000.00
Projected Expenses $250,000.00
Spending Policy Percentage
Credit Line No
Reserve Fund No
Detailed Financials
Prior Three Years Revenue Sources ChartHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201420132012
Foundation and
Corporation Contributions
$175,672$176,264$204,642
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions------
------
------
Investment Income, Net of Losses$69,810$85,588$76,117
Membership Dues------
Special Events------
Revenue In-Kind------
Other$14,046$1,500($1)
Prior Three Years Expense Allocations Chart
Fiscal Year201420132012
Program Expense$302,661$317,918$255,322
Administration Expense$12,932$14,775$9,987
Fundraising Expense$847$406$1,382
Payments to Affiliates------
Total Revenue/Total Expenses0.820.791.05
Program Expense/Total Expenses96%95%96%
Fundraising Expense/Contributed Revenue0%0%1%
Prior Three Years Assets and Liabilities Chart
Fiscal Year201420132012
Total Assets$2,174,512$2,031,541$1,957,092
Current Assets$144,759$239,480$133,606
Long-Term Liabilities------
Current Liabilities------
Total Net Assets$2,174,512$2,031,541$1,957,092
Prior Three Years Top Three Funding Sources
Fiscal Year201420132012
Top Funding Source & Dollar AmountThe Community Foundation for Greater New Haven $79,071 -- --
Second Highest Funding Source & Dollar AmountWebster Bank $11,000 -- --
Third Highest Funding Source & Dollar Amount -- -- --
Solvency
Short Term Solvency
Fiscal Year201420132012
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201420132012
Long-Term Liabilities/Total Assets0%0%0%
Capitial Campaign
Currently in a Capital Campaign? No
Comments
CEO Comments The current fiscal year numbers are gross estimates based on past years.  We have no fixed targets for either income or expenses.  All money raised is used to award scholarships. 
Foundation Staff Comments

This profile, including the financial summaries prepared and submitted by the organization based on its own independent and/or internal audit processes and regulatory submissions, has been read by the Foundation. Financial information is inputted by Foundation staff directly from the organization’s IRS Form 990, audited financial statements or other financial documents approved by the nonprofit’s board. The Foundation has not audited the organization’s financial statements or tax filings, and makes no representations or warranties thereon. The Community Foundation is continuing to receive information submitted by the organization and may periodically update the organization’s profile to reflect the most current financial and other information available. The organization has completed the fields required by The Community Foundation and updated their profile in the last year. To see if the organization has received a competitive grant from The Community Foundation in the last five years, please go to the General Information Tab of the profile.

Address P.O. Box 8936
New Haven, CT 065328936
Primary Phone 203 389-1622
CEO/Executive Director Organization is made up of all volunteers. There is no CEO.
Board Chair Mr. Jeffrey Alpert
Board Chair Company Affiliation The Sound School

 

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