Overview
What is Falmouth Scholarship Association Inc?
Falmouth Scholarship Association Inc, based in Falmouth, Massachusetts, is a nonprofit organization dedicated to offering scholarships for college tuition to deserving students from Falmouth High School. Their mission is focused on supporting students who exhibit exceptional talent and passion in literature, science, mathematics, or the arts, encouraging them to further their education and pursue their interests at higher academic levels. By providing these scholarships, the association aims to foster academic growth and inspire future leaders in these fields.
Official website here: www.falmouthscholarships.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%
The Falmouth Scholarship Association Inc has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. With an overall score of 88%, the organization demonstrates strong governance with a fully independent board and effective oversight of its financial statements. The charity excels in areas such as material asset diversion, program expense ratios, and maintaining a conflict of interest policy.
However, there are notable areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which could enhance its transparency and accountability. Additionally, the absence of the tax form on the nonprofit's website may limit public access to crucial financial information.
Despite these limitations, the Falmouth Scholarship Association Inc shows a strong commitment to its mission through efficient program expenditures and sound financial management, indicating a responsible approach to fulfilling its goals within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Falmouth Scholarship Association Inc legitimate?
Falmouth Scholarship Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Falmouth Scholarship Association 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: $3,800
For more financial information, click here
Official website here: www.falmouthscholarships.org
What is the mission statement of Falmouth Scholarship Association Inc?
The Falmouth Scholarship Association Inc is an entity that awards scholarships to selected students at Falmouth High School, enabling them to further their studies in literature, science, mathematics, or the arts, at the college level. Their mission is to financially support these academically inclined individuals, providing them with the opportunity to delve deeper into their chosen fields. By offering these scholarships, the association aims to foster academic growth and development in these areas, empowering the recipients to make significant contributions in their respective fields in the future.
Official website here: www.falmouthscholarships.org
Who is the CEO of Falmouth Scholarship Association Inc?
Karen Bissonnette is the President of Falmouth Scholarship Association Inc.
Official website here: www.falmouthscholarships.org
What is the revenue of Falmouth Scholarship Association Inc?
Falmouth Scholarship Association Inc's revenue in 2023 was $758,247.
Official website here: www.falmouthscholarships.org
Who are the executives of Falmouth Scholarship Association Inc and what are their salaries?
There 20 volunteers at Falmouth Scholarship Association Inc.
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Official website here: www.falmouthscholarships.org
Where can I find the form 990 for Falmouth Scholarship Association Inc?
Falmouth Scholarship Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.falmouthscholarships.org
Learn more at the official website: www.falmouthscholarships.org
Mission Statement of Falmouth Scholarship Association Inc
The Falmouth Scholarship Association Inc is an organization dedicated to acknowledging and supporting the academic endeavors of selected students from Falmouth High School. Its mission is centered around awarding scholarships for college tuition to these students who exhibit a strong interest and aptitude in literature, science, mathematics, or the arts. By providing financial assistance, the association aims to facilitate these students' pursuit of advanced studies in their chosen fields, thereby empowering them to make meaningful contributions to society in the future.
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Impact
July, 2024
Falmouth Scholarship Association Inc has a significant impact on the educational opportunities available to selected students at Falmouth High School who are interested in pursuing advanced studies in literature, science, math, or the arts. By providing scholarships for college tuition, this organization enables these students to further their education and reach their academic and career goals. The impact of the Falmouth Scholarship Association Inc extends beyond just financial assistance, as it supports and motivates students to excel in their chosen fields of study, fostering a culture of academic achievement and success within the community.
This information is meant to be a general summary of Falmouth Scholarship Association 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: $209,288
- Gross Receipts: $1,205,649
Assets and Liabilities:
- Total Assets: $3,556,298
- Total Liabilities: $49,500
- Net Assets: $3,506,798
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Organization Details
Founding Year
1924
Phone
(508) 274-1651Principal Officer
Karen Bissonnette
Main Address
PO BOX 369, FALMOUTH, MA, 02541
Website
www.falmouthscholarships.orgNTEE Category
Code: B82Z - Education
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