CITIZENS SCHOLARSHIP FOUNDATION OF AMERICA INC
Mission Statement
The Dracut Scholarship Foundation is a non-profit organization that works to raise money for scholarships for graduating students of Dracut High School. The Foundation was incorporated in 1959 and today is managed by a Board of Directors comprised of 29 volunteer members. Since it’s inception the Dracut Scholarship Foundation has awarded over $1.5 million dollars in scholarships to almost 1,400 recipients. The first two scholarships were awarded in 1957 and totaled $350. At the 2012 Dracut High School Pride Night 55 scholarships/book awards were given out totaling $113,250. A truly amazing legacy of commitment by the entire Dracut community to the mission of this Foundation.
Financial Overview — FY 2025
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $256K | $161K | $2.0M | 87.8% | 0 |
| 2024 | $183K | $151K | $1.9M | 87.6% | 0 |
| 2023 | $231K | $183K | $1.8M | 87.9% | 0 |
| 2022 | $196K | $185K | $1.7M | 82.1% | 0 |
| 2021 | $428K | $175K | N/A | — | 0 |
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