Financial Background Information
The Cambodian Village Scholars Fund is recognized by the IRS as a tax-exempt 501(c)(3) organization, and thus able to receive tax-deductible gifts. We function as a fully registered non-profit Public Benefit corporation in the State of California. Our Federal tax return for the past two years (2013 Form 990 and 2014 Form 990) can be viewed on line.
All US and Cambodian administrators are volunteers, as are the Cham Literature teachers. Our sole paid employees are the Sre Prey community members who teach English and classic written Cham to the children.
We are extremely proud of our LOW OVERHEAD costs (3% in 2013, 5% in 2014 and 1% in 2016) and ALL of that is covered by Board Members. So 100% of all public donations go directly to student education!
During the last two academic year, program funds were spent as follows:
– University Education Program Direct Expenditures: 87.5% in 2013 – 85% in 2014
– Primary English Program Direct Expenditures: 8.5% in 2013 – 10% in 2014
– Cham Literary & Cultural Program Direct Expenditures: 0.5% in both years
– Fund Raising Costs: 1% in 2013 and 3.5% in 2014
– Administrative Costs: 2.5% in 2013 and 1% in 2014
GuideStar has awarded this Fund their highest possible recognition, as a Gold Exchange Participant. The Cambodian Village Scholars Fund is one of only 2,800 charities to achieve the highest ranking of gold level of achievement, from over 1.2 million IRS-registered nonprofit organizations evaluated by GuideStar. GuideStar gathers and disseminates information about 1.2 million of the 1.6 million IRS-registered nonprofit organizations. They provide as much information as they can about each nonprofit’s mission, legitimacy, impact, reputation, finances, programs, transparency, governance, and so much more. They do that so you can take the information and make the best decisions possible in your charitable donations.
Donor Protection Policy: This charity promises unambiguously that we will not sell, trade or share a donor’s personal information with anyone else, nor send donor mailings on behalf of other organizations. Donor information resides only in password protected files.