Overview
What is Sanborn Seminary?
Sanborn Seminary is a nonprofit organization situated in Kingston, New Hampshire, with an address at 21 New Boston Road, 03848. Its primary function is to raise funds and manage an investment account, which it uses to provide financial support to Sanborn High School and students within the Sanborn School District. This support takes the form of scholarships and contributions to the high school's budget. The organization's mission is focused on granting scholarships to Sanborn High School students, aiming to contribute to their educational journey and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating.
Sanborn Seminary has been rated with a 67%, indicating a moderate level of accountability and finance management. The organization scores particularly well in board governance, with 10 out of 10 points for having a majority of independent board members and for the size of the board. Additionally, they have demonstrated transparent practices by documenting board meeting minutes and maintaining a low liabilities to assets ratio.
However, there are some areas of concern. The program expense ratio stands at 65.43%, which is a decent figure but falls short when compared to higher-rated nonprofits. While the organization shows no material diversion of assets, the overall moderate rating suggests that there may be room for improvement in financial efficiency and effectiveness in program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Sanborn Seminary legitimate?
Sanborn Seminary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sanborn Seminary 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 Sanborn Seminary?
Sanborn Seminary's mission is focused on providing financial assistance to students attending Sanborn High School and the high school district. The organization raises funds and manages an investment account, utilizing the earnings to grant scholarships to students and offer aid to the high school's budget. This support aims to empower and enhance the educational experiences of these young learners.
Who is the CEO of Sanborn Seminary?
John Conant is the President of Sanborn Seminary.
What is the revenue of Sanborn Seminary?
Sanborn Seminary's revenue in 2023 was $62,361.
Who are the executives of Sanborn Seminary 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 Sanborn Seminary?
Sanborn Seminary's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sanborn Seminary
Sanborn Seminary is an organization with a mission to provide financial aid to students attending Sanborn High School and the Sanborn School District. They accomplish this by managing an investment account and raising funds to offer scholarships and financial assistance to these students, as well as contributing to the high school's budget. This support allows Sanborn High School students to pursue their education without facing financial barriers, enabling them to reach their full potential. By offering scholarships and budgetary assistance, Sanborn Seminary plays a vital role in supporting the educational journey and future prospects of the community's youth.
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Impact
August, 2024
Sanborn Seminary has had a significant impact on the educational opportunities available to students in the Sanborn School District. By providing grants and scholarships to Sanborn High School students, the organization has helped alleviate financial burdens and make higher education more accessible to those in need. This support not only benefits individual students but also contributes to the overall success of the high school by bolstering its budget and resources. Through their fundraising efforts and prudent management of investments, Sanborn Seminary plays a crucial role in empowering students and enhancing the educational experience in Kingston, New Hampshire.
This information is meant to be a general summary of Sanborn Seminary. 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: $62,361
- Gross Receipts: $62,414
Assets and Liabilities:
- Total Assets: $1,406,709
- Total Liabilities: $2,497
- Net Assets: $1,404,212
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Organization Details
Founding Year
1966
Principal Officer
John Conant
Main Address
21 NEW BOSTON ROAD, KINGSTON, NH, 03848
NTEE Category
Code: B58Z - Education
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