Overview
What is Brunswick Area Student Aid Fund?
The Brunswick Area Student Aid Fund is a nonprofit organization located in Brunswick, Maine. Its primary mission is to provide financial assistance to students pursuing post-secondary education, awarding scholarships to deserving individuals. Additionally, the fund extends its support to K-12 students facing challenges, offering aid in the form of eyeglasses, dental care, and necessary clothing, enabling these students to actively engage in their education. With a focus on empowering students, the Brunswick Area Student Aid Fund plays a significant role in promoting educational opportunities in the community.
Official website here: www.studentaidfund.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Stars
The Brunswick Area Student Aid Fund has achieved a commendable 92% rating from Charity Navigator, reflecting its strong performance in the area of Accountability & Finance. This score indicates the organization effectively manages its financial resources and adheres to principles of transparency. A significant strength lies in its governance structure, with 100% of its board members being independent, which suggests a commitment to avoiding conflicts of interest.
The organization has demonstrated excellent financial health, evidenced by a program expense ratio of 97.31%, which indicates that the vast majority of its funds go directly towards its programs. Additionally, the absence of material diversion of assets and a perfect liabilities to assets ratio reflect a stable financial position. However, there are areas for improvement, particularly in governance policies, as the organization lacks a whistleblower policy and a document retention and destruction policy.
Overall, while the Brunswick Area Student Aid Fund showcases strong financial accountability and governance, addressing the noted gaps in its policies could further enhance its operational effectiveness and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Brunswick Area Student Aid Fund legitimate?
Brunswick Area Student Aid Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brunswick Area Student Aid Fund 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.
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Official website here: www.studentaidfund.org/
What is the mission statement of Brunswick Area Student Aid Fund?
The Brunswick Area Student Aid Fund's mission is centered around providing support to deserving students. This support extends beyond post-secondary scholarships, as the fund also assists K-12 students with necessities such as eyeglasses, dental care, and clothing, enabling them to participate effectively in school. The organization's primary objective is to award scholarships to worthy post-secondary students and provide essential support to K-12 students facing challenges in their academic journey. The fund has granted scholarships to 134 post-secondary students, helping cover education costs, and assisted approximately 26 K-12 students in overcoming various challenges.
Official website here: www.studentaidfund.org/
Who is the CEO of Brunswick Area Student Aid Fund?
Marie Whitney is the President of Brunswick Area Student Aid Fund.
Official website here: www.studentaidfund.org/
What is the revenue of Brunswick Area Student Aid Fund?
Brunswick Area Student Aid Fund's revenue in 2023 was $581,509.
Official website here: www.studentaidfund.org/
Who are the executives of Brunswick Area Student Aid Fund and what are their salaries?
There 17 volunteers at Brunswick Area Student Aid Fund.
Here are 17 key members and their salaries:
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Official website here: www.studentaidfund.org/
Where can I find the form 990 for Brunswick Area Student Aid Fund?
Brunswick Area Student Aid Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.studentaidfund.org/
Learn more at the official website: www.studentaidfund.org/
Mission Statement of Brunswick Area Student Aid Fund
The Brunswick Area Student Aid Fund is an organization dedicated to awarding post-secondary scholarships to deserving students and providing support to K-12 students who may encounter challenges that hinder their academic success. This assistance can include the provision of eyeglasses, dental care, or clothing, enabling these students to actively participate in their education. By doing so, the Brunswick Area Student Aid Fund aims to empower students, helping them overcome obstacles and thrive in their academic pursuits.
In practice, the Brunswick Area Student Aid Fund has granted scholarships to 134 post-secondary students to help cover the costs of their education. Additionally, the fund has assisted approximately 26 K-12 students in overcoming various challenges that might hinder their productivity in school. This help has ranged from providing eyeglasses and clothing to securing medical and dental care, ensuring that these students can fully engage in their educational journey. Through these initiatives, the Brunswick Area Student Aid Fund plays a crucial role in supporting the academic success of its beneficiaries, enabling them to overcome challenges and pursue their educational goals.
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Impact
July, 2024
Brunswick Area Student Aid Fund's impact can be seen in the 134 students who were awarded scholarships to assist with the cost of their post-secondary education. These scholarships not only support students in pursuing higher education but also enable some students to purchase computers, enhancing their learning experience. Additionally, the fund provided assistance to around 26 K-12 students, helping them overcome challenges that may hinder their productivity in school. This support included providing necessities such as eyeglasses, clothing, visits to doctors and dentists, ensuring that these students can effectively participate in their education.
This information is meant to be a general summary of Brunswick Area Student Aid Fund. 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 2023.
- Investment Income: $186,716
- Gross Receipts: $1,681,967
Assets and Liabilities:
- Total Assets: $6,833,667
- Total Liabilities: $0
- Net Assets: $6,833,667
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Organization Details
Founding Year
1956
Phone
(207) 772-1981Principal Officer
Marie Whitney
Main Address
PO BOX 867, BRUNSWICK, ME, 040110867
Website
www.studentaidfund.org/NTEE Category
Code: B28Z - Education
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