Better Business Bureau Report for
Linda Lorelle Scholarship Fund, Inc.

Better Business Bureau Report issued December 2014
Better Business Bureau Report expires December 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Linda Lorelle Scholarship Fund, Inc.
Address: 2028 Buffalo Terrace, Suite 17
  Houston, TX 77019
Phone: 713-942-5805
Web Address: www.lindalorelle.org
Also known as:College Preparatory Conference
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Better Business Bureau Comments

Year, State Incorporated: 1997, Texas
Affiliates: None
Stated Purpose: To provide college scholarships, support, training and guidance for Houston area high school students in need of financial assistance whose academic and personal potential may be unfulfilled due to circumstances beyond their control.

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Evaluation Conclusions

              

Linda Lorelle Scholarship Fund, Inc. meets the 20 Standards for Charity Accountability.
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Programs

              

The LLSF provides the following programs: Scholarships - annually to 15 high school students in the 11th grade. The LLSF provides a support program designed to ensure the access and success of at risk youth desiring to reach for excellence in life. Receiving a scholarship is a two-way partnership, which remains after the student finishes college. Specific Measurable Attainable Relevant Timely Series (S.M.A.R.T. Series) Seminars. The Scholars receive mentoring, pre-college advising, learning tools, essay writing course, SAT writing training, pre-college advising, learning tools on how to access more scholarships, access to practical internships and jobs, and social support through activities and gatherings. Cafe Annie Etiquette luncheon training; Personal finance, Financial responsibility, Myers Briggs Testing, resume writing and interviewing training. Many LLSF scholars are graduating from high school with more than two acceptance letters from major universities along with full rides. In addition, their college graduation rates have increased with each class year and most (90%) are graduating from college withing the four and five years. They currently have a total of 86 college graduates with many of them who were 14 years old when they first received their $2500 scholarship. They are currently giving 18 scholarships between $5,000 and $20,000 to Juniors in high schools within Harris and Fort Bend County. The Linda Lorelle Scholarship Fund had 307 successfully submitted scholarship applications in 2014. After the applications were reviewed there were 150 applicants chosen to become a semifinalist and move on to be interviewed. The interviews were held on May 16, 2014 at the Pricewaterhousecooper’s offices in Houston, TX and 15 well deserving students were chosen to become LLSF finalists. On Nov. 1, 2014 the 2014 LLSF Scholarships were awarded to 15 scholars at the “Reach for the Stars Award Dinner” held at the Hyatt Regency-Downtown. These LLSF Scholarship recipients will also each receive a new Surface Pro computer at a special graduation party held on June 13, 2015

For the fiscal year ended June 30, 2013, Linda Lorelle Scholarship Fund, Inc.'s program expenses were:

  
Total Program Expenses: $
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Governance

              

Chief Executive : Tiffany Thomas, Executive Director
Compensation*: 
$27,692

Chair of the Board: Linda Lorelle, Founder & Chairman
Chair's Profession / Business Affiliation: Lorelle Media, Video Production

Board Size: 11

Paid Staff Size: 1

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were 46% of related contributions. (Related contributions, which totaled $32,850, are donations received as a result of fund raising activities.)
For fiscal year ending, June 30, 2013, “the Linda Lorelle Scholarship Fund had entered into discussions with another Houston non-profit who’s mission was similar to the Linda Lorelle Scholarship Fund but it did not have a scholarship element that benefited their targeted students. The management of the Linda Lorelle Scholarship Fund and the other organization spent nearly a year trying to determine how both entities could function if joined together as well as if they formed a third entity that would be owned by both the other two existing entities. Fund raising under both of these scenarios was determined to present challenges for both entities. Thus, during this review period although monies were spend on fund raising activity no formal campaign was done due to not being able to come to an agreement on what the fund raising message would be and how any funds generated would have been divided between the entities,” Richard Hendee, Board President
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Linda Lorelle Scholarship Fund, Inc.'s IRS Form 990 for the fiscal year ended June 30, 2013.

Source of Funds  
Contributions and grants 32,850
Program Service Revenue 15,000
Investment Income 1,611
Total Income $49,461


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Uses of Funds as a % of Total Expenses

Programs: 65%  Fund Raising: 7%  Administrative: 28% 

Total income $49,461
Program expenses $129,669
Fund raising expenses 15,048
Administrative expenses 55,925
Total expenses $200,642
Expenses in Excess of Income (151,181)
Beginning net assets 130,095
Ending net assets 156,596
Total liabilities 462,907
Total assets $619,503


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Complaints

              

The BBB has processed no customer complaints on this charity in its three year reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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