Overview
What is Vermont Student Development Fund Inc?
Vermont Student Development Fund Inc, operating under the name Vermont Scholarship Fund, is a 501(c)(3) charitable organization based in Winooski, Vermont. Their primary objective is to provide financial assistance in the form of scholarships to individuals aiming for higher education or vocational training. They achieve this mission by soliciting and managing funds from various donors and philanthropic sources. The Vermont Scholarship Fund works in collaboration with donors to establish scholarship funds that align with their personal values and financial goals. They manage these scholarships through the Vermont Student Assistance Corporation (VSAC), ensuring a seamless experience for both donors and recipients. The organization has awarded and disbursed scholarships to 3,821 students in recent years, contributing significantly to the pursuit of higher education in Vermont.
Official website here: www.vsac.org/vsf
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%
The Vermont Student Development Fund Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in both accountability and impact measurement. With an overall score of 99%, the organization demonstrates a commitment to financial integrity and effective use of resources, underscored by a high accountability and finance score of 98%.
One of the standout features of this nonprofit is its exceptional impact measurement score of 100. This indicates that the organization not only maintains transparency and responsible financial practices but also effectively measures and communicates its outcomes. Notably, for every dollar spent, the Fund is able to increase income for scholarship recipients by more than $1.50, showcasing its efficiency and positive impact on the community it serves.
While the data highlights significant strengths, it is essential to consider ongoing challenges that nonprofits often face, such as sustainability and resource allocation amid changing economic conditions. Overall, the Vermont Student Development Fund Inc stands out as a well-managed organization that maximizes its contributions to scholarship funding and student success.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Vermont Student Development Fund Inc?
38% of 16 reviewers on Facebook recommend the Vermont Student Development Fund Inc. Here is a summary of their reviews:
Many users express frustration and dissatisfaction regarding the services provided by the organization, citing poor customer service and a lack of support. One particular review highlights a prolonged struggle to resolve issues with loan discharge and a perceived lack of empathy for individuals facing challenging circumstances. This sentiment indicates a significant gap between expectations and the services delivered.
The overall sentiment suggests that the nonprofit may fall short of delivering on its promises, particularly in helping those in financial distress. While experiences may vary, the prevailing tone in the reviews points to a need for improvement in responsiveness and assistance.
This AI summary has been generated from reviews found on Facebook.
Is Vermont Student Development Fund Inc legitimate?
Vermont Student Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vermont Student Development Fund Inc 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
Official website here: www.vsac.org/vsf
What is the mission statement of Vermont Student Development Fund Inc?
The Vermont Student Development Fund's mission is centered around procuring and managing financial aid, primarily in the form of scholarships, for individuals pursuing post-secondary education or training. Operating as a 501(c)(3) charitable affiliate of the Vermont Student Assistance Corporation, this organization collaborates with donors to establish scholarship funds that align with their personal values and financial goals. By partnering with the Vermont Student Assistance Corporation, the Vermont Student Development Fund facilitates the distribution of approximately $10 million in scholarships annually, benefiting over 3,800 Vermonters through various award programs.
Official website here: www.vsac.org/vsf
Who is the CEO of Vermont Student Development Fund Inc?
Scott Giles is the Principal Officer of Vermont Student Development Fund Inc. The CEO's salary of Vermont Student Development Fund Inc is $0 and their total compensation is $380,890.
Official website here: www.vsac.org/vsf
What is the revenue of Vermont Student Development Fund Inc?
Vermont Student Development Fund Inc's revenue in 2023 was $10,461,793.
Official website here: www.vsac.org/vsf
Who are the executives of Vermont Student Development Fund Inc and what are their salaries?
Here are 17 key members and their salaries (Vermont Student Development Fund Inc's CEO's salary is $0 and their total compensation is $380,890):
- Compensation: $0
- Related: $313,456
- Other: $67,434
- Compensation: $0
- Related: $231,985
- Other: $56,681
- Compensation: $0
- Related: $199,193
- Other: $64,175
- Compensation: $0
- Related: $207,174
- Other: $52,729
- Compensation: $0
- Related: $175,131
- Other: $48,553
- Compensation: $0
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- Other: $0
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- Other: $0
Official website here: www.vsac.org/vsf
Where can I find the form 990 for Vermont Student Development Fund Inc?
Vermont Student Development Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vsac.org/vsf
Learn more at the official website: www.vsac.org/vsf
Mission Statement of Vermont Student Development Fund Inc
Vermont Student Development Fund, as a 501(c)(3) charitable entity affiliated with the Vermont Student Assistance Corporation, dedicates its mission to procuring and maintaining financial assistance for individuals pursuing post-secondary education or training. This nonprofit organization, in partnership with its donors and philanthropic sources, aims to create scholarship opportunities for Vermonters, enabling them to reach higher, progress further, and build a brighter future for themselves, their families, and their community. By working closely with donors, Vermont Student Development Fund tailors scholarship funds to reflect the personal and philanthropic values of its benefactors, while also ensuring that the management of these scholarships is seamless through VSAC. Presently, this nonprofit awards approximately $10 million in scholarships annually, supporting over 3,800 Vermont residents through 124 award programs.
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Impact
July, 2024
Vermont Student Development Fund Inc's impact is significant in helping individuals pursue higher education and training through scholarships and financial assistance. In the past year, they awarded and disbursed scholarships to 3,821 students, allowing them to further their education. Through their partnership with Vermont Student Assistance Corporation, they are able to provide scholarships to Vermonters through individual donors and philanthropic sources. By supporting students in accessing higher education, they are enabling individuals to aim higher, go further, and build better futures for themselves, their families, and their communities.
This information is meant to be a general summary of Vermont Student Development Fund Inc. 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: $256,011
- Gross Receipts: $10,895,083
Assets and Liabilities:
- Total Assets: $21,466,171
- Total Liabilities: $11,421,366
- Net Assets: $10,044,805
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Organization Details
Founding Year
2000
Phone
(802) 654-3714Principal Officer
Scott Giles
Main Address
10 East Allen St PO Box 2000, Winooski, VT, 05404
Website
www.vsac.org/vsfNTEE Category
Code: B82 - Education
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