Lakes Region Scholarship Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 026012236 ✦ Gilford, NH ✦ Designated as a 501(c)(3)

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

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.

Here 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 volunteers at Lakes Region Scholarship Foundation.

Here are 23 key members and their salaries:

    Karen Switzer (Executive Di) [Trustee/Director]
  • Compensation: $47,854
  • Related: $0
  • Other: $0

    • Christopher A Guilmett (Assistant Di) [Trustee/Director]
  • Compensation: $27,952
  • Related: $0
  • Other: $0

    • Joan Frates (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gayle Price (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Waldron (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Carroll (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Ball (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca Beane (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Philip Bonafide (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Colleen Cass (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Chase (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jean Clarke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Dirubbo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Fasshauer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Gilman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lois Kessin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Larson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Mariano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Don Mclelland (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fredda Osman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Semi Shin-Kenison (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marjory Wilkinson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paulette Loughlin (Advisory Dir) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.scholarship.org

    Where can I find the form 990 for Lakes Region Scholarship Foundation?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $157,801
  • Program Service Revenue: $0
  • Gross Receipts: $2,596,217

    • Assets and Liabilities:
  • Total Assets: $12,360,396
  • Total Liabilities: $0
  • Net Assets: $12,360,396
  • Organization Details

    Founding Year

    1956

    Principal Officer

    Joan Frates

    Main Address

    PO BOX 7312, GILFORD, NH, 032477312

    NTEE Category

    Code: B82 - Education

    If you are a representative of Lakes Region Scholarship Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.