Overview
What is Trustees Of Leavitt Institute C/O George Richardson?
Trustees of Leavitt Institute C/O George Richardson is a nonprofit organization situated in North Turner, Maine. Their primary mission is to provide support programs and scholarships to local high school students, with an additional focus on funding higher education for deserving college students. Unfortunately, due to the COVID-19 pandemic, their support programs for high school students experienced a decrease this year, causing a temporary setback. Despite the challenges, they remain committed to their mission of uplifting the local educational community by offering financial aid and resources to students pursuing their academic goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Trustees of Leavitt Institute received a two-star rating from Charity Navigator, indicating a need for improvement, with an overall score of 67%. The organization boasts a fully independent board, which reflects strong governance, as all board members are independent. Additionally, the institute demonstrates a solid commitment to program expenses, allocating 92.5% of its budget to programs, showcasing its mission-driven focus.
However, the organization faces significant challenges in its accountability and financial transparency. It lacks essential financial statements, and various policies—including conflict of interest and whistleblower policies—are missing. Furthermore, the absence of a website listed on the tax form raises concerns about accessibility and communication with stakeholders.
The low liabilities to assets ratio at 0.00% suggests sound financial health, yet the deficits in transparency and governance policies may hinder trust and engagement from potential donors and stakeholders. Addressing these shortcomings could significantly enhance the institute's credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Trustees Of Leavitt Institute C/O George Richardson legitimate?
Trustees Of Leavitt Institute C/O George Richardson is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trustees Of Leavitt Institute C/O George Richardson submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Trustees Of Leavitt Institute C/O George Richardson?
The Trustees of Leavitt Institute, in their mission, focus on providing support programs and scholarships to local high school students and furthering the education of college students. They aim to offer financial aid through scholarships that will be disbursed once the degree is earned in future years. Additionally, they offer various support programs for high school students, although these initiatives were scaled back due to the closure of schools caused by the COVID-19 pandemic.
Who is the CEO of Trustees Of Leavitt Institute C/O George Richardson?
George Richardson is the President/Trustee of Trustees Of Leavitt Institute C/O George Richardson.
What is the revenue of Trustees Of Leavitt Institute C/O George Richardson?
Trustees Of Leavitt Institute C/O George Richardson's revenue in 2022 was $767,509.
Who are the executives of Trustees Of Leavitt Institute C/O George Richardson and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Trustees Of Leavitt Institute C/O George Richardson?
Trustees Of Leavitt Institute C/O George Richardson's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trustees Of Leavitt Institute C/O George Richardson
The Trustees of Leavitt Institute C/O George Richardson is an organization dedicated to supporting high school students and providing scholarships for their further education at the college level. Their mission is to offer support programs and financial aid through scholarships to local high school students, aiming to assist them in their academic pursuits. Despite facing challenges due to the COVID-19 pandemic causing school shutdowns, the institution has continued to provide support to high school students, albeit on a reduced scale. In addition to scholarships, the Trustees of Leavitt Institute C/O George Richardson offers various support programs tailored to the needs of local high school students.
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Impact
July, 2024
Trustees of Leavitt Institute, overseen by George Richardson, make a significant impact on the local community by providing support programs and scholarships to high school students. These scholarships offer opportunities for students to pursue higher education and support their academic endeavors. Additionally, by supporting local high schools, the organization plays a crucial role in fostering educational growth and development in the community. Despite challenges faced due to the COVID-19 pandemic, the Trustees of Leavitt Institute continue to make a meaningful difference in the lives of students and the local educational system.
This information is meant to be a general summary of Trustees Of Leavitt Institute C/O George Richardson. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $749,531
- Gross Receipts: $767,509
Assets and Liabilities:
- Total Assets: $7,665,444
- Total Liabilities: $0
- Net Assets: $7,665,444
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Organization Details
Founding Year
1948
Phone
(207) 224-7842Principal Officer
George Richardson
Main Address
PO BOX 613, N TURNER, ME, 04266
NTEE Category
Code: B25I - Education
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