Overview
What is Lakes Region Scholarship Foundation?
The Lakes Region Scholarship Foundation, located in Gilford, New Hampshire, is a nonprofit organization dedicated to promoting and encouraging higher education opportunities among local residents. In 2022, they distributed scholarships worth a notable sum of 722,794 dollars, awarding scholarships to qualified students from the Lakes Region area. With a modest workforce of four individuals, this foundation plays a significant role in supporting the educational aspirations of its community, providing essential financial aid for higher education.
Official website here: www.scholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Lakes Region Scholarship Foundation has received an 81% score from Charity Navigator, indicating a solid level of accountability and financial management. The overall evaluation is based entirely on the Accountability & Finance metrics, which reflects the organization’s commitment to transparency and responsible use of funds. A high score in this area suggests that the foundation effectively manages its resources to support its mission of providing scholarships.
Strengths of the foundation include its fully independent board of directors, which enhances its governance structure. With a board composed entirely of independent members and robust policies in place such as conflict of interest and whistleblower protections, the organization demonstrates a strong commitment to ethical practices. Additionally, the foundation maintains a low liability to assets ratio and a high program expense ratio, indicating that a significant portion of its funds is directed toward its scholarship programs.
While the organization performs well in financial accountability, there are no apparent limitations noted in the available data. The foundation appears to be well-structured and effective in its operations, making it a reliable choice for donors interested in supporting scholarship opportunities in the Lakes Region.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lakes Region Scholarship Foundation?
96% of 21 reviewers on Facebook recommend Lakes Region Scholarship Foundation. Here is a summary of their reviews:
Many commenters describe the organization as outstanding, highlighting its dedication to supporting students in their educational pursuits. Reviewers consistently emphasize the foundation's efforts to go above and beyond in providing assistance, demonstrating a strong commitment to their cause.
Overall, the sentiment is overwhelmingly positive, with individuals expressing appreciation for the impact the nonprofit has on the community and the lives of students it serves. It is clear that the Lakes Region Scholarship Foundation is making a meaningful difference in the area of educational support.
This AI summary has been generated from reviews found on Facebook.
Is Lakes Region Scholarship Foundation legitimate?
Lakes Region Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakes Region Scholarship 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $75,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,868
For more financial information, click here
Official website here: www.scholarship.org
What is the mission statement of Lakes Region Scholarship Foundation?
The Lakes Region Scholarship Foundation's mission is centered around promoting and encouraging scholarships and opportunities for higher education among eligible individuals. The foundation actively awards scholarships to further this cause. Their mission statement, as stated, emphasizes the encouragement and facilitation of higher education opportunities. In 2022, they awarded scholarships totaling 699,375 and disbursed a sum of 722,794 for these educational pursuits.
Official website here: www.scholarship.org
Who is the CEO of Lakes Region Scholarship Foundation?
Joan Frates is the President of Lakes Region Scholarship Foundation.
Official website here: www.scholarship.org
What is the revenue of Lakes Region Scholarship Foundation?
Lakes Region Scholarship Foundation's revenue in 2022 was $1,894,924.
Official website here: www.scholarship.org
Who are the executives of Lakes Region Scholarship Foundation and what are their salaries?
The average compensation at Lakes Region Scholarship Foundation during 2022 was $25,918. There are 4 employees and 1 volunteer at Lakes Region Scholarship Foundation.
Here are 23 key members and their salaries:
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Official website here: www.scholarship.org
Where can I find the form 990 for Lakes Region Scholarship Foundation?
Lakes Region Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scholarship.org
Learn more at the official website: www.scholarship.org
Mission Statement of Lakes Region Scholarship Foundation
Lakes Region Scholarship Foundation, as its name suggests, is an organization dedicated to awarding scholarships to qualifying students residing in the Lakes Region. Its mission extends beyond mere scholarship distribution, aiming to promote and encourage higher education opportunities among the local community. This mission is further outlined in its objective to foster scholarships and educational prospects among the region's residents, as stated in its attached information.
In the year 2022 alone, the foundation disbursed a significant amount of 722,794 dollars in scholarships, awarding a total of 699,375. This substantial financial support serves as a testament to the foundation's commitment to making higher education more accessible to its constituents. By providing these scholarships, Lakes Region Scholarship Foundation is not only supporting individual students but also investing in the future of its community, where educated individuals can drive progress and development.
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Impact
July, 2024
The Lakes Region Scholarship Foundation's impact includes awarding scholarships to qualifying Lakes Region students, with a total of $699,375 awarded and $722,794 disbursed in 2022. Their mission is to promote and encourage scholarships and opportunities for higher education among residents of the Lakes Region. This organization plays a crucial role in supporting local students pursue their academic goals and further their education.
This information is meant to be a general summary of Lakes Region Scholarship 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 2022.
- Investment Income: $157,801
- Gross Receipts: $2,596,217
Assets and Liabilities:
- Total Assets: $12,360,396
- Total Liabilities: $0
- Net Assets: $12,360,396
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Organization Details
Founding Year
1956
Phone
(603) 527-3533Principal Officer
Joan Frates
Main Address
PO BOX 7312, GILFORD, NH, 032477312
Website
www.scholarship.orgNTEE Category
Code: B82 - Education
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