Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Linda Lorelle Scholarship Fund, Inc.
Address:	7660 Woodway, Suite 210
	Houston, TX 77063
Phone:	713-658-2880
Web Address:	www.lindalorelle.org
Also known as: College Preparatory Conference

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

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 15-$15,000 scholarships to Juniors in high schools within Harris and Fort Bend County.

For the fiscal year ended June 30, 2010, Linda Lorelle Scholarship Fund, Inc.'s program expenses were:

Scholarships	264,541
College prepatory seminars	42,769
Mentoring	32,503
Fellowships	28,720
Internships and job bank	12,478
Total Program Expenses:	$381,011

Chief Executive : Posey Parker, Executive Director

Compensation*:

$100,000

Chair of the Board: Linda Lorelle
Chair's Profession / Business Affiliation: Chairman & CEO, Media Productions

Board Size: 5

Paid Staff Size: 3

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

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals

Fund raising costs were 5% of related contributions. (Related contributions, which totaled $492,981, are donations received as a result of fund raising activities.)

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.

The following information is based on Linda Lorelle Scholarship Fund, Inc.'s audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds
Gross revenues from annual events	462,000
Contributions - corporations and individuals	30,981
Investment and other income	16,182
Fee for service	15,000
Cost of annual events	-234,681
Total Income	$289,482

Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 5%  Administrative: 20%

Total income				$289,482
	Program expenses			$381,011
	Fund raising expenses			24,957
	Administrative expenses			102,065
Total expenses				$508,033
Expenses in Excess of Income				(218,551)
Beginning net assets				653,849
Ending net assets				435,298
Total liabilities				781,477
Total assets				$1,216,775