Overview
What is Keene Endowment Association?
The Keene Endowment Association, situated at 229 Main Street, Keene, New Hampshire, serves as a platform for benefactors to offer scholarships to students at Keene State College. This nonprofit organization also supports the college's Advancement division, contributing to fundraising activities and providing administrative assistance. The Keene Endowment Association's primary mission is to ensure that donors' philanthropy positively impacts Keene State College students, offering scholarships and resources to enrich their educational experiences.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Keene Endowment Association has received a commendable Four-Star rating from Charity Navigator, primarily due to its strong performance in accountability and finance. With an overall score of 90%, the organization demonstrates excellent financial health, supported by a high program expense ratio of 84.79% and zero liabilities, indicating effective management of resources.
Key strengths of the Keene Endowment Association include a fully independent board of directors and robust financial oversight mechanisms. The charity has implemented strict conflict of interest policies and maintains transparency by documenting board meeting minutes and distributing tax forms to board members prior to filing. Additionally, its fundraising efficiency is notable, with no fundraising costs reported, suggesting a very effective use of donations towards its mission.
While the organization has shown exemplary financial practices, the ratings are solely based on accountability and finance metrics, which may not reflect other operational aspects or programmatic effectiveness. Overall, the Keene Endowment Association stands out for its commitment to financial integrity and governance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Keene Endowment Association legitimate?
Keene Endowment Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keene Endowment Association 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Keene Endowment Association?
The Keene Endowment Association (KEA) serves a crucial role in facilitating scholarships for students at Keene State College (KSC) and providing resources to enhance their educational experiences. The organization's primary mission is to ensure that donors witness the tangible impact of their philanthropy on KSC students. By providing scholarships and supporting the college's fundraising activities and administrative needs, KEA strives to make a lasting difference in the lives of KSC students, ensuring their success in perpetuity.
Who is the CEO of Keene Endowment Association?
Indrika A Arnold is the Trustee of Keene Endowment Association.
What is the revenue of Keene Endowment Association?
Keene Endowment Association's revenue in 2022 was $3,071,802.
Who are the executives of Keene Endowment Association and what are their salaries?
There 16 volunteers at Keene Endowment Association.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $221,749
- Other: $32,167
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- Related: $380,402
- Other: $44,298
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- Related: $312,101
- Other: $15,888
- Compensation: $0
- Related: $106,658
- Other: $14,454
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- Related: $171,650
- Other: $39,359
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- Compensation: $0
- Related: $1,000
- Other: $0
- Compensation: $0
- Related: $93,135
- Other: $6,133
Where can I find the form 990 for Keene Endowment Association?
Keene Endowment Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keene Endowment Association
The Keene Endowment Association (KEA) serves as a bridge between donors and Keene State College (KSC), facilitating the provision of scholarships and resources to enrich the educational experiences of KSC students. By doing so, the KEA Board aims to instill a sense of confidence in donors, ensuring them that their philanthropy will positively impact KSC students indefinitely. The organization's primary focus lies in offering scholarships, awards, and support to KSC students, thereby bolstering their educational journeys. Additionally, the KEA extends its aid to the KSC Advancement division, providing assistance in fundraising activities and administrative support.
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Impact
July, 2024
The Keene Endowment Association has a significant impact on Keene State College students by providing scholarships and resources to enhance their education. Through the support of donors, KEA helps ensure that students have access to financial assistance and educational opportunities that they might not have otherwise. This support not only benefits individual students but also contributes to the overall educational experience and success of the college community. The assurance given to donors by the KEA Board that their philanthropy will make a lasting difference for KSC students adds to the meaningful impact of the organization.
This information is meant to be a general summary of Keene Endowment Association. 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: $791,569
- Gross Receipts: $6,714,672
Assets and Liabilities:
- Total Assets: $16,865,844
- Total Liabilities: $0
- Net Assets: $16,865,844
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Organization Details
Founding Year
1957
Phone
(603) 358-2372Principal Officer
Indrika A Arnold
Main Address
229 Main Street, Keene, NH, 034352701
NTEE Category
Code: B42I - Education
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