Step Up For Students Listed Top Nonprofit Organization for its Budget by the Tampa Bay Business Journal
The Step Up For Students Scholarship Program was named a finalist for the Nonprofit of the Year Award and also was recognized for its budget in the TBBJ Book of Lists
July 24, 2012 | Tampa, Fla. – Step Up For Students earned this year’s spot at the “top of the list” of nonprofits for its budget, evaluated by the Tampa Bay Business Journal.
“This past year, just 0.6 percent of revenues were spent on administration while 0.9 percent of the funds were invested in fundraising activities. All other funds were directed to scholarships and other program-related expenses,” said Chief Financial Officer for Step Up For Students, Ann Mackey. “These ratios reflect our priorities and are significant factors underlying the trust we’ve developed with donors, schools and parents that has allowed us to grow so effectively.”
In addition, Step Up For Students was also named a finalist in the education category for the seventh annual Nonprofit of the Year award by the Tampa Bay Business Journal.
Step Up For Students was one of the 37 finalists for the Nonprofit Award throughout the six categories and among more than 250 nominated nonprofits. The judges looked to honor organizations that are not only making a difference in the community but also operating in a fiscally responsible way.
“At Step Up ForStudents, we want to ensure that we are transparent in terms of our financial information, and take great care to optimize the funds we have to help as manydeserving students as we can,” Mackey said. “We work hard to operate as efficiently as possible, so it is an honor to be recognized for that.”
“At Step Up For Students, we want to ensure that we are transparent in terms of our financial information, and take great care to optimize the funds we have to help as many deserving students as we can. We work hard to operate as efficiently as possible, so it is an honor to be recognized for that.”Ann Mackey, Step Up For Students CFO
Step Up For Students was created to help alleviate the enormous educational challenges faced by children in Florida who live in or near poverty by providing scholarships that allow students to consider a private school or an out-of-district public school that may better suit their individual needs.
Through Step Up For Students, corporations can redirect certain Florida tax liabilities in exchange for a dollar-for-dollar tax credit while funding scholarships for underprivileged students in kindergarten through 12th grade in Florida.
During the 2011-12 school year, Step Up For Students distributed approximately 40,000 scholarships for low-income students acrossthe state. Cumulatively, Step Up has awarded over 218,000 scholarships, and corporations and foundations have contributed more than $1 billion to the program since its inception in 2001.
For more information about the Tampa Bay Business Journal’s Nonprofit of the Year Awards, please visit their website.