Barnstable Teen Center Jason Fedele Memorial Sch Fund

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

EIN: 043024843 ✦ Hyannis, MA ✦ Designated as a 501(c)(3)

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Overview

What is Barnstable Teen Center Jason Fedele Memorial Sch Fund?

The Barnstable Teen Center Jason Fedele Memorial Scholarship Fund is a nonprofit organization situated at 220 WEST MAIN STREET, HYANNIS, MA, 02601. Its primary mission is to provide annual scholarships for higher education, aiming to support young individuals in their pursuit of further education. The fund is dedicated to honoring the memory of Jason Fedele, likely a notable figure in the community, and continues his legacy by offering financial assistance for higher education.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (63%, Two-Star out of Four Star rating)

The Barnstable Teen Center Jason Fedele Memorial Scholarship Fund has received a rating of "Needs Improvement" from Charity Navigator, reflecting a score of 63%. While the organization excels in accountability and finance, achieving a perfect score of 100% in this area, it has significant weaknesses in other aspects, particularly in governance practices.

Strengths include the organization’s independent board composition, as it comprises 10 out of 10 points for having a majority of independent board members. However, the organization scored zero on several key governance indicators, such as having an independent board size, a conflict of interest policy, and a whistleblower policy, which raises concerns about its operational transparency and risk management.

Overall, while the Barnstable Teen Center demonstrates strong financial accountability, it faces serious challenges in governance and transparency, which are critical for building trust and effectiveness in its mission. Addressing these limitations could improve its performance rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Barnstable Teen Center Jason Fedele Memorial Sch Fund legitimate?

Barnstable Teen Center Jason Fedele Memorial Sch Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Barnstable Teen Center Jason Fedele Memorial Sch 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 Barnstable Teen Center Jason Fedele Memorial Sch Fund?

The Barnstable Teen Center Jason Fedele Memorial Scholarship Fund's mission is centered around providing annual financial aid for higher education. This nonprofit organization aims to support deserving individuals in their pursuit of further studies, thereby contributing to their personal and professional growth. The scholarship program is an essential component of their mission, aiming to alleviate some of the financial burden associated with higher education. The fund's activities are primarily focused on this annual scholarship program, which reflects its commitment to educational opportunities.

Who is the CEO of Barnstable Teen Center Jason Fedele Memorial Sch Fund?

Susan Fedele is the Treasurer of Barnstable Teen Center Jason Fedele Memorial Sch Fund.

What is the revenue of Barnstable Teen Center Jason Fedele Memorial Sch Fund?

Barnstable Teen Center Jason Fedele Memorial Sch Fund's revenue in 2022 was $26,034.

Who are the executives of Barnstable Teen Center Jason Fedele Memorial Sch Fund and what are their salaries?


Here are 2 key members and their salaries:


Steven Fedele (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Fedele (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Barnstable Teen Center Jason Fedele Memorial Sch Fund?

Barnstable Teen Center Jason Fedele Memorial Sch Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Barnstable Teen Center Jason Fedele Memorial Sch Fund

The Barnstable Teen Center Jason Fedele Memorial Scholarship Fund is dedicated to providing annual financial aid for higher education. This nonprofit organization's mission is to support deserving individuals in their pursuit of further education, thereby empowering them to reach their full potential. By offering these scholarships, the Barnstable Teen Center Jason Fedele Memorial Scholarship Fund aims to alleviate the financial burden often associated with higher education and provide opportunities for personal and professional growth.

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Impact




August, 2024

The impact of Barnstable Teen Center Jason Fedele Memorial Sch Fund is seen in its provision of annual scholarships for higher education to deserving individuals. Through this initiative, the fund is helping to alleviate the financial burden associated with pursuing further education, thereby opening up opportunities for students to achieve their academic goals and future career aspirations. This support can make a significant difference in the lives of recipients, enabling them to access education and expand their horizons. By investing in the educational pursuits of students, the fund contributes to building a more educated and skilled workforce, ultimately benefiting both the individuals and the broader community.




This information is meant to be a general summary of Barnstable Teen Center Jason Fedele Memorial Sch 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.

Revenue
$26,034 (2022)
Expenses
$16,760 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $20,653
  • Gross Receipts: $26,034

Assets and Liabilities:

  • Total Assets: $520,661
  • Total Liabilities: $0
  • Net Assets: $520,661

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Organization Details

Founding Year

1998

Principal Officer

Susan Fedele

Main Address

220 WEST MAIN STREET, HYANNIS, MA, 02601

NTEE Category

Code: T00 - Philanthropy

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