Educational Institutions

Memphis Opportunity Scholarship Trust, Inc.

  • Memphis, TN
  • http://www.memphisscholarships.org

Mission Statement

The mission of Memphis Opportunity Scholarship Trust, or MOST, is to give Memphis-area families the opportunity to send their children to the school of their choice. To fulfill its mission, MOST offers partial scholarships, beginning in the earliest years, for qualified families who wish to send their child to a private or parochial school. It also provides information for all families in the community who are seeking the most appropriate school for their child.

Main Programs

  1. Memphis Opportunity Scholarship Trust
Service Areas

Self-reported

Tennessee

Scholarships are limited to families living in Memphis and Shelby County, Tennessee

ruling year

1998

Executive Director

Self-reported

Ms. Mandy Rough

Keywords

Self-reported

scholarships, school choice, education, Memphis, Pre-K-Grade 12

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Also Known As

MOST

EIN

62-1723618

 Number

1417180620

Contact

Cause Area (NTEE Code)

Elementary, Secondary Ed (B20)

Scholarships, Student Financial Aid, Awards (B82)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

During the 2010-2011 school year, MOST is providing scholarships to 563 students in grades PK3-Grade 12, attending 68 schools in Memphis and Shelby County.  The maximum award for students in PK3-Grade 8 is $1500 and $1800 for students in high school.  Scholarship amounts are based on the school's tuition and the family's income (using the same financial criteria as does the Free and Reduced Lunch program in the public schools).  High school scholarships are awarded by application from 8th graders already receiving a MOST Scholarship and have a merit component to them - in addition to family income, grades, conduct and activities are also taken into consideration.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Memphis Opportunity Scholarship Trust

During the 2014-2015 school year, MOST is providing scholarships to 510students in PK3 through Grade 12 at 55 different schools. The maximum scholarship for PK3 through 8th Grade is $1,900, and $2100 for high school students. Students begin in the MOST program in PK3 through 1st grade, and acceptance is based on family income and availabilty of funds. MOST also provides scholarships for students with documented special needs that can be addressed at certain school or program. Eighth graders who wish to continue as a MOST High School Scholar must apply during the 2nd semester, and grades and conduct are taken into consideration for acceptance.

Category

Children & Youth (0-19 years)

Population(s) Served

Poor/Economically Disadvantaged, Indigent, General

Children and Youth (infants - 19 years.)

None

Budget

Service Areas

Self-reported

Tennessee

Scholarships are limited to families living in Memphis and Shelby County, Tennessee

Funding Needs

The mission of MOST is simple and our funding needs are also simple, although great.  All funds raised go either to fund scholarships or to support administrative expenses which we do our best to keep to a minimum (about 22% of budget in 2010-2011).  In 2010-2011, MOST is providing scholarships to 563 students in PK3 through Grade 12 who are attending 68 schools in the Memphis and Shelby county area, at a cost of about $840,000.

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

MEMPHIS OPPORTUNITY SCHOLARSHIP TRUST INC
Fiscal year: Jul 01-Jun 30
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Memphis Opportunity Scholarship Trust, Inc.

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2013
  • Board Chair and Board Members
  • Access to the GuideStar Community
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

Executive Director

Ms. Mandy Rough

Governance

BOARD CHAIR

Mr. Robert Solmson

Fairwood Capital, LLC

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization


RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?