Overview
What is Local 417 Scholarship Fund?
The Local 417 Scholarship Fund is a charitable organization situated in Wallkill, New York, specifically at 583 ROUTE 32. Its primary mission is to offer educational scholarships to the members of Local 417 and their family members. By doing so, the fund aims to support the pursuit of higher education and contribute to personal growth within this community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Stars
The Local 417 Scholarship Fund has earned a Three-Star rating based on its 80% overall score, which is exclusively derived from its Accountability & Finance metrics. A strong point for the organization is its high scores in key areas such as independent board member presence and its low liabilities to assets ratio, indicating financial stability and responsible governance.
However, there are notable limitations within the organization’s policies. The absence of a whistleblower policy and a document retention and destruction policy resulted in zero points in those categories, which could raise concerns about transparency and accountability practices. Despite these gaps, the charity demonstrates a solid commitment to its mission through a high program expense ratio, suggesting that a significant portion of its expenditures directly supports its scholarship initiatives.
Overall, while the Local 417 Scholarship Fund shows strong fiscal management and governance, addressing the noted policy deficiencies could enhance its credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Local 417 Scholarship Fund legitimate?
Local 417 Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 417 Scholarship Fund 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 Local 417 Scholarship Fund?
The Local 417 Scholarship Fund's mission is centrally focused on providing educational scholarship assistance. This aid is extended to the members of Local 417 and their families, aiming to support their academic pursuits. The organization's primary objective is to contribute to the advancement of education within this community, thereby empowering its members and their families with opportunities for higher learning.
Who is the CEO of Local 417 Scholarship Fund?
Matthew Stoddard is the Trustee of Local 417 Scholarship Fund.
What is the revenue of Local 417 Scholarship Fund?
Local 417 Scholarship Fund's revenue in 2023 was $16,075.
Who are the executives of Local 417 Scholarship Fund and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Local 417 Scholarship Fund?
Local 417 Scholarship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Local 417 Scholarship Fund
The Local 417 Scholarship Fund is committed to providing educational scholarship assistance to its members and their families. This nonprofit organization's primary mission is to support the educational pursuits of individuals affiliated with Local 417, thereby fostering opportunities for personal growth and development. By offering financial aid for education, the Local 417 Scholarship Fund aims to alleviate some of the financial burdens associated with higher learning, enabling its beneficiaries to focus on their studies and future careers. This philanthropic initiative demonstrates Local 417 Scholarship Fund's commitment to the well-being and advancement of its members and their families.
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Impact
August, 2024
Local 417 Scholarship Fund's impact can be seen in the educational opportunities it provides to members of Local 417 and their families. By offering scholarships, the fund helps individuals pursue higher education and achieve their academic goals. This support contributes to the personal and professional growth of recipients, empowering them to succeed in their chosen fields. Through its mission of providing educational scholarship assistance, the Local 417 Scholarship Fund plays a significant role in enhancing access to education and fostering a culture of learning within the community.
This information is meant to be a general summary of Local 417 Scholarship Fund. 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: $3
- Gross Receipts: $16,075
Assets and Liabilities:
- Total Assets: $254,928
- Total Liabilities: $101,149
- Net Assets: $153,779
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Organization Details
Founding Year
2005
Phone
(845) 566-8417Principal Officer
Matthew Stoddard
Main Address
583 ROUTE 32, WALLKILL, NY, 12589
NTEE Category
Code: B82 - Education
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