Ghana Scholarship Fund Inc
- Assets
- $141.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 27-3901078
Organization Overview
Ghana Scholarship Fund Inc is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ghana Scholarship Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ghana Scholarship Fund Inc generated $41.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $48.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE GHANA SCHOLARSHIP FUND IS TO EDUCATE CHILDREN IN RURAL GHANA BY PROVIDING SCHOLARSHIPS TO POOR STUDENTS WHO COULD NOT AFFORD A UNIVERSITY EDUCATION. WE ALSO MAINTAIN A STUDENT-ORIENTED LIBRARY IN THE VILLAGE OF SENCHI FERRY. THE LIBRARY HAS FULL COMPUTER BASED EDUCATIONAL MATERIAL, AGE AND CULTURALLY APPROPRIATE BOOKS. TO DATE WE HAVE PROVIDED 144 UNIVERSITY SCHOLARSHIPS, LAPTOP COMPUTER FOR EACH STUDENT ETC. LIBRARY ATTENDANCE IS ABOUT 200 STUDENTS PER DAY. WE CURRENTLY HAVE 38 STUDENTS ENROLLED IN UNIVERSITY AT A COST OF APPROXIMATELY $1300 PER STUDENT ANNUALLY AND COST TO MAINTAIN THE LIBRARY IS APPROXIMATELY $1000 PER MONTH. SINCE THE PANDEMIC COSTS AND THE RATE OF INFLATION HAVE ESCALATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Hubbard Ismail President And Director | 1 | $0 | |
Edward P Collins Clerk And Director | 1 | $0 | |
Ellen Rogin Treasurer And Director | 1 | $0 | |
Bonnie Max Director | 0 | $0 | |
Joyce Bonnifield Pierce Director | 0 | $0 | |
Terri Winter Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,256 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,022 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,278 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $48,134 |
| Total expenses | $48,134 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $141,047 |
| Other assets | $0 |
| Total assets | $141,047 |
| Total liabilities | $0 |
| Net assets or fund balances | $141,047 |