Tag Archives forFour Star Charity

Step Up For Students achieves coveted four-star rating from Charity Navigator

By LISA A. DAVIS

For the fifth consecutive year, Step Up For Students, the nonprofit organization that helps administer Florida’s Tax Credit and Gardiner Scholarship programs, has achieved the coveted four-star rating for sound fiscal management and commitment to accountability and transparency from Charity Navigator, the nation’s largest independent evaluator of charities. Charitry Navigator logo

“Only 6 percent of the charities we rate have received at least five consecutive four-star evaluations, indicating that Step Up For Students outperforms most other charities in America,” wrote Charity Navigator President and CEO Michael Thatcher in a congratulatory letter dated April 1. “This ‘exceptional’ designation from Charity Navigator differentiates Step Up For Students from its peers and demonstrates to the public it is worthy of their trust.”

After a comprehensive review by Charity Navigator, Step Up earned 99.92 points out of 100 overall; 99.90 for financial management and 100 out of 100 for accountability and transparency for Fiscal Year 2015. This is the first time Charity Navigator has included the Gardiner Scholarship, formerly the Personal Learning Scholarship Program, in its annual review of Step Up. Step Up’s revenue for the year was $457.8 million.

“We do important work which we take very seriously,” said Step Up President Doug Tuthill. “Our mission is to provide more educational opportunities to those Florida schoolchildren who need them the most. We can’t do that without the trust of our donors, families, legislators and the public. This superior ranking shows we deserve their trust. This year’s rating is especially significant because it includes the state-funded Gardiner Scholarship, a new program for special needs children we are extremely proud to help administer.”

Step Up’s 99.92 score ranked it fifth nationally on Charity Navigator’s Top-Notch Charities list.

Source:Charity Navigator

Source:Charity Navigator

“We are proud of our mission and how we operate,” Tuthill said. “We are committed to being effective, efficient and fiscally responsible. We owe that to the public, our funders and the more than 80,000 students we serve with both scholarship programs.”

 

Step Up For Students is a nonprofit organization in Florida that has been awarding scholarships to low-income families since the program’s creation in 2001, providing nearly 480,000 scholarships to K-12 schoolchildren. For the 2015-16 school year, Step Up is serving about 78,000 low-income students and several thousand more children with special needs through the Gardiner Scholarship. The income-based Florida Tax Credit Scholarship, funded by tax-credited corporate donations, is worth up to $5,677 toward private school tuition and fees; the state-funded Gardiner Scholarship, formerly known as the Personal Learning Scholarship Account program, averages $10,000 per student annually. To learn more visit, www.StepUpForStudents.org

Since 2002, Charity Navigator,  a nonprofit organization, has awarded only the most fiscally responsible 501(c)(3) organizations its top ranking using financial information provided by the organizations’ informational tax returns or IRS Form 990s to determine rankings. The national company then analyzes a charity’s fiscal performance in seven key areas, including program, administrative and fundraising expenses; fundraising efficiency; and revenue growth.  Charity Navigator’s mission is to provide donors with essential information so they can be confident in which charities they support.

 

 

 

Step Up For Students earns highest rating from Charity Navigator for fourth consecutive year

By Lisa A. Davis

For the fourth consecutive year, Step Up For Students has earned a four-star rating for sound fiscal management and commitment to accountability and transparency from Charity Navigator, the nation’s largest independent charity watchdog.Charitry Navigator logo

“As the nonprofit sector continues to grow at an unprecedented pace, savvy donors are demanding more accountability, transparency and quantifiable results from charities they choose to support with their hard-earned dollars,” John P. Dugan, Charity Navigator’s founder and chairman of the board, wrote in a congratulatory letter to Step Up President Doug Tuthill. “Our goal is to provide donors with essential information needed to give them greater confidence in the charitable choices they make.”

The four-star rating comes after Charity Navigator conducted its annual review of Step Up, giving the nonprofit organization that helps administer the Florida Tax Credit Scholarship Program (FTC) an overall 99.92 out of 100 points, with 99.9 points in financial management and a 100-point score in transparency. Step Up also helps administer the state-funded Personal Learning Scholarship Accounts (PLSA), but the program wasn’t in effect yet during the time period in which the nonprofit was reviewed.

“This is the highest rating a nonprofit may receive and is further recognition of the phenomenal job our staff does every day,” Tuthill said. “This is a wonderful accomplishment and further demonstrates how seriously we take this business of making a difference in the lives of Florida’s schoolchildren who need educational options most.”

During the 2014 fiscal year, Step up received $332.3 million in contributions, gifts and grants to fund and administer the scholarship programs.

“Only 8 percent of the charities we rate have received at least four consecutive four-star evaluations, indicating that Step Up For Students outperforms most other charities in America,” Dugan wrote. “This exceptional designation from Charity Navigator differentiates Step Up For Students from its peers and demonstrates to the public it is worthy of their trust.”

The superior rating secured the Tampa Bay area nonprofit the No. 4 spot for the second year in a row on Charity Navigator’s 10 Top-Notch Charities list, where Step Up moved two years ago from No. 7.  The list attests that the 10 recognized charities adhere to good governance and other best practices that minimize the chance of unethical activities. It also shows they execute their missions in a fiscally responsible way.

“We are proud of being No. 4, but it is our goal to reach No. 1,” Tuthill added. “What we do is extremely important work for low-income children and children with certain special needs, so we need our donors and supporters to know we are and will continue to be good stewards of their money and their trust.”

Since 2002, Charity Navigator, also a nonprofit, has awarded only the most fiscally responsible 501(c)(3) organizations its top ranking using  financial information provided by the organizations’ informational tax returns or IRS Form 990s to determine rankings. The national company then analyzes a charity’s fiscal performance in seven key areas, including program, administrative and fundraising expenses; fundraising efficiency; and revenue growth.

Step Up For Students has been awarding scholarships to low-income families for nearly 15 years, providing more than 400,000 scholarships to K-12 schoolchildren. Step Up expects to serve 78,000 low-income students and several thousand more children with special needs in the 2015-16 school year. The income-based Florida Tax Credit Scholarship is worth up to $5,677 toward private school tuition and fees; the PLSA scholarship averages $10,000 per student annually.