.png)
Transparency & Accountability
Committed to responsible stewardship, fair scholarship practices, and accountability to our donors and community.
Financial Transparency
We are committed to responsible stewardship of every gift entrusted to the Southeastern Kentucky Faith-Based Scholarship Fund. Our commitment is to direct at least 90% of donations toward student scholarships and limit administrative expenses to 10% or less.
2026 FINANCIAL SNAPSHOT
Year-to-date through September 30, 2026
Donations received before processing fees: $12,694.48
Payment-processing fees: $39.12
Net funds received: $12,655.36
Scholarships awarded: $12,000.00
Scholarships paid: $6,000.00
Bank cash balance: $6,544.33
Stewardship of Your Donations
Recorded administrative and fundraising costs totaled $1,192.18, representing 9.39% of donations received through September 30. This includes processing fees and personally funded expenses awaiting reimbursement.
OUTSTANDING OBLIGATIONS
Expense reimbursements awaiting payment: $1,042.03
Remaining scholarship commitments: $6,000.00
These obligations have not yet been deducted from the bank cash balance.
Figures are unaudited and prepared from our internal records. The financial summary reports bank-cash activity, with unpaid reimbursements and scholarship commitments shown separately.
Download our 2026 Year-to-Date Financial Summary
View our 2026 Original Annual Budget — Approved March 2026
View Our IRS Determination Letter
Stewardship Commitment
The Southeastern Kentucky Faith-Based Scholarship Fund is committed to responsible stewardship and transparency.
At least 90% of donations are directed toward student scholarships, with administrative expenses limited to 10% or less.
Governance
The Southeastern Kentucky Faith-Based Scholarship Fund is governed by a Board of Directors responsible for organizational oversight, financial stewardship, and compliance with applicable nonprofit requirements.
Scholarship Oversight
Scholarship applications are reviewed through an independent selection process using objective, need-based criteria.
Scholarship funds are paid directly to participating schools on behalf of approved students.
Nonprofit Status
The Southeastern Kentucky Faith-Based Scholarship Fund is a registered 501(c)(3) nonprofit organization. Contributions are tax-deductible to the extent allowed by law.
EIN: 41-4969763