Overview
What is Boothbay Region Student Aid Fund In?
Boothbay Region Student Aid Fund In is a charitable organization based in Boothbay Harbor, Maine. Their primary mission is to provide financial aid to graduates of Boothbay Region High School who struggle with limited financial resources, enabling them to pursue post-secondary education. During the year, they awarded 71 grants to qualified individuals. The organization's activities are centered around need-based financial assistance, aiming to bridge the financial gap for local students seeking higher education beyond the secondary level.
Official website here: www.brsaf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Boothbay Region Student Aid Fund has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates that the organization is effectively managing its resources and operates with transparency and integrity, which is critical for donor trust and engagement.
The Fund showcases a well-structured governance model with 100% independent board members, ensuring unbiased oversight. Its financial management is commendable, with a remarkable program expense ratio of 93.17%, indicating that the majority of its funds are directed toward fulfilling its mission of supporting student education in the Boothbay region. The organization also adheres to best practices with policies in place for conflict of interest, whistleblowing, and document retention.
While the organization demonstrates exemplary financial accountability, further insights into its program impact or community feedback would enrich the overall understanding of its effectiveness. However, based solely on financial metrics, the Boothbay Region Student Aid Fund stands out as a highly responsible and impactful nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Boothbay Region Student Aid Fund In legitimate?
Boothbay Region Student Aid Fund In is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boothbay Region Student Aid Fund In 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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Other Salaries and Wages: $4,001
For more financial information, click here
Official website here: www.brsaf.org
What is the mission statement of Boothbay Region Student Aid Fund In?
The Boothbay Region Student Aid Fund's mission is to offer need-based financial assistance to graduates of Boothbay Region High School who wish to pursue education beyond the secondary level. The organization's primary goal is to help students overcome financial barriers and access higher education. During the year, they granted financial aid to 71 such students, demonstrating their commitment to this mission. The fund aims to empower these students, providing them with the opportunity to further their education and potentially shape their futures.
Official website here: www.brsaf.org
Who is the CEO of Boothbay Region Student Aid Fund In?
Teresa Koster is the President of Boothbay Region Student Aid Fund In.
Official website here: www.brsaf.org
What is the revenue of Boothbay Region Student Aid Fund In?
Boothbay Region Student Aid Fund In's revenue in 2022 was $2,669,575.
Official website here: www.brsaf.org
Who are the executives of Boothbay Region Student Aid Fund In and what are their salaries?
There 15 volunteers at Boothbay Region Student Aid Fund In.
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Official website here: www.brsaf.org
Where can I find the form 990 for Boothbay Region Student Aid Fund In?
Boothbay Region Student Aid Fund In's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brsaf.org
Learn more at the official website: www.brsaf.org
Mission Statement of Boothbay Region Student Aid Fund In
Boothbay Region Student Aid Fund In is an organization committed to providing need-based financial assistance to graduates of Boothbay Region High School who are pursuing education beyond the secondary level. Its mission is to bridge the financial gap for these individuals, enabling them to further their education and build a brighter future. During a given year, the organization awards grants to qualified applicants, totaling 71 in the example provided. These grants serve as a vital lifeline for students who may otherwise be unable to afford higher education due to insufficient financial resources. By offering this support, Boothbay Region Student Aid Fund In plays a crucial role in empowering the next generation and contributing to their long-term success.
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Impact
July, 2024
Boothbay Region Student Aid Fund In has a significant impact on the lives of Boothbay Region High School graduates by providing much-needed financial assistance for post-secondary education. This support enables these students to pursue higher education opportunities that may have been otherwise out of reach due to financial constraints. With 71 grants awarded during the year, the organization plays a crucial role in supporting the educational aspirations of these students, ultimately helping them achieve their academic goals and pursue promising futures.
This information is meant to be a general summary of Boothbay Region Student Aid Fund In. 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: $100,943
- Gross Receipts: $2,669,575
Assets and Liabilities:
- Total Assets: $8,673,590
- Total Liabilities: $0
- Net Assets: $8,673,590
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Organization Details
Founding Year
1964
Phone
(207) 350-4032Principal Officer
Teresa Koster
Main Address
PO BOX 293, BOOTHBAY HARBOR, ME, 04538
Website
www.brsaf.orgNTEE Category
Code: B82Z - Education
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