Crosby Scholars Forsyth

What it reported doing in 2024

The crosby scholars program provides last dollar grant assistance to graduating seniors and college crosby scholars who successfully complete the program. Grants are awarded for up to 1200 for up to four years of college to students who successfully complete the program as high school seniors, achieve a 2.0 cumulative gpa/qpa and demonstrate financial need as determined by results from the fafsa and the program's need analysis formula. Crosby scholars who are awarded a last dollar grant are those students who have been offered admission to a program of study, they have completed the fafsa, they have received an award letter from the college they plan to attend and they have applied for a last dollar grant. The students who meet these criteria receive the last dollar grant because they have not received enough financial aid to cover the cost of attendance in that particular school year. The program helps students prepare for college by encouraging them to make good decisions, by helping them develop strong academic skills and by helping them to understand the requirements for college admission early. With this guidance, students can prepare for college enrollment and scholarship/financial aid opportunities. Students can join the crosby scholars program as early as 6th grade to begin the process of preparing for college. Students attend workshops called saturday academy on college campuses. The saturday academy workshops include topics such as anger management, building self-esteem, speech and communication, time management, study skills, test taking skills, conflict resolution, preparing for the sat, career exploration, college admissions, scholarships, financial aid and college survival skills. These classes help students develop the foundation for success that will help them become better prepared for college. Students in grades 9-11 meet monthly with volunteers to better prepare for successful college enrollment, and senior crosby scholars meet one on one with an advisor to help with the senior year college application and scholarship process.

Financial Efficiency

• Mission deployment rate: 96.4%; rating input score 96
• Program expense ratio: 83.8%; rating input score 84
• Fundraising efficiency: $4.86 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.7%; rating input score 95; 25th percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: No; rating input score 0

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -14.9%; rating input score 9; 9th percentile among comparable filings
• Total-asset coverage ratio: 2.22; rating input score 65; 65th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 4.1%; rating input score 61; 61st percentile among comparable filings

Growth

• Program expense growth: 7.8% per year; rating input score 100; 55th percentile among comparable filings
• Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
• Asset growth: 8% per year; rating input score 100; 50th percentile among comparable filings