Mission
The Step Forward Scholarship Fund, Inc. (SFSF) is an independent, not-for-profit organization run entirely by Governors Club volunteers. It raises funds annually to provide scholarships for employees and their dependents to support their educational pursuits, including degree programs and individual courses. Scholarships may cover tuition, books, and equipment necessary for coursework. SFSF also provides mentoring and guidance for applicants, particularly those who are the first in their families to pursue higher education.
Basic Information
Founded in
2018
EIN
83-3175469
Total Assets
$253.4 thousand
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Student Success Stories
Catch up with SFSF recipients who have launched successful careers thanks to the support of the scholarship fund.
Annual Awards Ceremony
SFSF announces scholarship recipients during an annual meeting open to all members of Governors Club.
Internship Stipend Program
SFSF provides stipends for recipients who take unpaid or low-paying internships.
Impact Stats
Total Scholarships
Total Scholarships Awarded
Since its inception, SFSF has awarded 80 scholarships to employees and their dependents.
Total Funding
Total Funding Distributed
SFSF has distributed over $380,000 in scholarships to support educational aspirations.
Governors Scholarship Amount
Annual Governors Scholarship
SFSF awards one $12,000 scholarship each year to a deserving applicant.
Upcoming Events
2024 Scholarship Application Deadline
May 1, 2024
Deadline for GC employees and dependents to apply for scholarships for degree programs and individual courses.
Our Programs
Scholarship Program
Provides financial support for GC employees and their dependents to pursue various educational pathways.
Learn MoreMentoring Program
Offers mentoring and guidance for scholarship applicants and recipients, particularly first-generation college students.
Learn MoreInternship Stipend Program
Provides financial support for recipients who undertake unpaid or low-paying internships.
Learn MoreImpact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
49
40
/100
Program Expense Ratio
100.00%
20
/20
Program Revenue Growth
-100.00%
2
/20
Leverage Ratio
0
2
/20
Working Capital Ratio
1.898
14
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2023
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 207.1K | 98.17% |
| Program Services | 0 | 0.00% |
| Investment Income | 3.853K | 1.83% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 210.9K | 100.00% |