Service Corps of Retired Executives

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by BuffaloBob (talk | contribs) at 14:30, 15 April 2024 (add link to score resources). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Service Corps of Retired Executives Association
AbbreviationSCORE
Formation1964
PurposeBusiness education
Business mentoring
HeadquartersHerndon, Virginia
Region served
United States
CEO
Bridget Weston
Budget
$17,890,000 in 2021
Staff
50
Volunteers
10,000
WebsiteOfficial website

Service Corps of Retired Executives (SCORE) is a non-profit organization of volunteer counselors who provide mentoring, education programs, workshops, and webinars to small businesses[1]. SCORE is a resource partner of the U.S. Small Business Administration (SBA) who administers a Congressional grant which provides SCORE with funding. SCORE is headquartered in Herndon, Virginia, with over 233 chapters which are located in offices located throughout the United States. It is the nation’s largest network of volunteer, expert business mentors[2]

History

SCORE was chartered by an Act of the U.S. Congress in 1964 to provide technical and managerial guidance to the business community, profit and not-for-profit organizations, and prospective entrepreneurs through the use of volunteer counselors [3]. On October 5, 1964, SBA administrator, Eugene P. Foley officially launched SCORE. Walter H. Channing of Detroit, Michigan, served as its first president. By 1968 over 1,000 small businesses per month were receiving free business advice from SCORE[4]. Since its founding it has helped over 10 million entrepreneurs[5]. By 2021 SCORE began to emphasize the importance diversity, equity and inclusion in business (DEI)[6]. In 2023, Iowa Senator Joni Ernst introduced a bill in the U.S. Senate, S-1896, entitled the SCORE Act of 2023 which would "overhaul SCORE to meet the needs of today’s dynamic economy and improve support for female and rural business owners"[7].

Operations

SCORE is governed by a 19 member board of directors[8]. It has a team of approximately 50 salaried employees at its headquarters in Herndon, Virginia who support the organization of over 10,000 volunteers in 250 office locations throughout the U.S.

SCORE is primarily supported by a government grant, workshop fees and contributions. SCORE receives a majority of its financial support from the U.S. Small Business Administration (SBA). SCORE is also supported by the SCORE Foundation, a 501 (c) (3) non-profit organization formed in 1996 to serve as the philanthropic arm of SCORE[9].

SCORE is exempt from federal and state income taxes on income under the provisions of Section 501(c)(3) of the Internal Revenue Code.

SCORE's website offers a comprehensive small business library with “how-to” guides, downloadable templates, checklists, articles, videos, infographics, and blogs. The website also hosts online workshops, and recorded webinars and interactive courses on demand[10].

SCORE volunteer mentors give free and confidential business advice to business owners using different communication methods, including phone, video, email and in-person meetings[11]. There are four types of SCORE volunteering opportunities: business mentors, workshop presenters, subject matter experts and chapter support roles[12] From time to time SCORE gives the Walter H Channing Award. Named in honor of its founding president, it is the highest honor for volunteer service within SCORE.

References

  1. ^ "Service Corps of Retired Executivies (SCORE)". inc.com. Mansueto Ventures, LLC. Retrieved 13 April 2024.
  2. ^ "SCORE Business Mentoring". sba.gov. U.S. Small Business Administration. Retrieved 11 April 2024.
  3. ^ "Tops in Business". The Washington Daily News. 1 October 1964.
  4. ^ Ludcke, G.L. (20 May 1968). "Retired Experts Are Ready To Assist New Business". The Buffalo News. No. Sec I-9.
  5. ^ Wingo, Lauren. "What Is SCORE and How Can You Use It To Help You Start a Business?". uschamber.com. U.S. Chamber Of Commerce. Retrieved 13 April 2024.
  6. ^ Adams, Montrie Rucker (2021). "SCORE: No Longer Your Old, Retired White Man's Organization". C L Magazine (Summer Fall Issue). Retrieved 14 April 2024.
  7. ^ Ernst, Joni (8 June 2023). "Ranking Member Ernst Works to Overhaul, Refocus Failing SBA Entrepreneurship Program". US Senator Joni Ernst. Retrieved 14 April 2024.
  8. ^ "SCORE - Mentors to America's Small Businesses - Announces New Board Members". PR Newwire. 10 Oct 2023. Retrieved 12 April 2024.
  9. ^ "National Bankers Association Foundation, with Wells Fargo Support, Will Underwrite SCORE Training and Education to Improve Founders' Financial Acumen". marketwatch.com. MarketWatch. Retrieved 14 April 2024.
  10. ^ Osman, Maddy (28 September 2023). "SCORE Mentoring: A Free Resource for Entrepreneurs Seeking Growth". Newsweek. Retrieved 12 April 2024.
  11. ^ Salemi, Vicki. "Volunteering — even from home — helps others and can boost your career". New York Post. No. 19 Nov 2023. Retrieved 12 April 2024.
  12. ^ Collamer, Nancy (2 March 2020). "How To Become A SCORE Small Business Mentor". Forbes. Retrieved 13 April 2024.

Further reading

  • Nellis, Elwyn A. (1989). A Score That Counts: The Story of the Service Corps of Retired Executives (First ed.). Service Corps of Retired, Philadelphia, PA. ISBN 978-0962346606.

External links


Retrieved from "https://en.wikipedia.org/w/index.php?title=Service_Corps_of_Retired_Executives&oldid=1219061936"