Overview
What is North Haven Foundation?
The North Haven Foundation is a charitable organization, located in Rockland, Maine (with a PO Box address). Its primary objective is to offer financial aid to the families of graduates from North Haven Community School and individuals with significant ties to the town of North Haven. During the fiscal year ending June 30, 2023, the foundation supported 12 North Haven students with college expenses, totaling $164,198. The mission of the North Haven Foundation encompasses two main goals: assisting graduates of North Haven Community School and adult residents in their pursuit of post-secondary education, as well as supporting the school's extracurricular, tuition programs, and college counseling services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star Rating.
The North Haven Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The foundation's score is primarily derived from its performance in the Accountability & Finance category, where it scored 75%. This score reflects a strong commitment to governance and transparency, evidenced by having 100% independent board members and a robust conflict of interest policy.
Strengths of the organization include a high program expense ratio of 80.40%, suggesting that a significant portion of its funds is directed towards its mission-related programs. Additionally, the foundation maintains strong financial health with a liabilities to assets ratio of 0.00%, indicating no debt, which enhances its stability and credibility in the nonprofit sector.
While the foundation demonstrates strong financial practices, the single beacon score means that other areas of performance, such as impact or outcomes, have not been evaluated, potentially leaving some aspects of its operations less transparent. Overall, the North Haven Foundation appears to be well-managed and accountable, making it a trustworthy option for donors.
This AI summary has been generated from information found on Charity Navigator.
Is North Haven Foundation legitimate?
North Haven Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Haven Foundation 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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What is the mission statement of North Haven Foundation?
The North Haven Foundation's mission is centered around assisting individuals. Specifically, it aims to help graduates from the North Haven Community School and local residents in their pursuit of post-secondary education. Additionally, the foundation supports the North Haven Community School by aiding its extra-curricular and tuition programs, as well as its college counseling services. In terms of financial aid, the foundation provides assistance to families of students, contributing to their college expenses. During the year ending June 30, 2023, twelve students from North Haven benefited from this financial aid, receiving a total of $164,198.
Who is the CEO of North Haven Foundation?
Jesse Rutter is the Trustee of North Haven Foundation.
What is the revenue of North Haven Foundation?
North Haven Foundation's revenue in 2023 was $559,197.
Who are the executives of North Haven Foundation and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for North Haven Foundation?
North Haven Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of North Haven Foundation
The North Haven Foundation is dedicated to supporting the educational aspirations of graduates from the North Haven Community School and adult residents of the island community. Its mission encompasses providing financial aid to these individuals as they pursue post-secondary education, as well as backing the school's extra-curricular and tuition programs, and college counseling services. In essence, the North Haven Foundation aims to foster academic growth and opportunities within its local community.
Beyond its financial aid initiatives, the North Haven Foundation also plays a crucial role in supporting the North Haven Community School. By providing resources for its extra-curricular and tuition programs, the foundation ensures that the school can offer a well-rounded education to its students. Additionally, the foundation's college counseling services help graduates navigate the complex process of applying to and funding their post-secondary education, thereby increasing their chances of success.
In the fiscal year ending June 30, 2023, the foundation assisted twelve families from North Haven with their college expenses, contributing a total of $164,198. This financial support allows these families to invest in their children's futures, enabling them to pursue higher education and potentially open new doors for themselves and their communities. The North Haven Foundation's mission is a testament to its commitment to empowering local residents and nurturing their educational aspirations.
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Impact
July, 2024
North Haven Foundation's impact can be seen in the support it provides to graduates of the North Haven Community School and adult residents of the island in pursuing post-secondary education. The foundation also contributes to the North Haven Community School by assisting with extra-curricular programs, tuition support, and college counseling. In the year ending June 30, 2023, the foundation assisted twelve students from North Haven with college expenses totaling $164,198. Through its financial assistance, the foundation plays a significant role in enabling individuals with connections to North Haven to access higher education opportunities and pursue their academic goals.
This information is meant to be a general summary of North Haven Foundation. 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: $377,027
- Gross Receipts: $860,791
Assets and Liabilities:
- Total Assets: $5,292,378
- Total Liabilities: $0
- Net Assets: $5,292,378
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Organization Details
Founding Year
1965
Phone
(207) 594-4421Principal Officer
Jesse Rutter
Main Address
PO BOX 664, ROCKLAND, ME, 04841
NTEE Category
Code: B82 - Education
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