Overview
What is Prince Henry Society Scholarship Foundation Of New Bedford Inc?
The Prince Henry Society Scholarship Foundation of New Bedford Inc, located at 522 Hawthorn Street, North Dartmouth, Massachusetts 02747, is a nonprofit organization dedicated to supporting the educational programs of the Prince Henry Society of Massachusetts, Chapter 1 in New Bedford. Through financial assistance, this foundation contributes to the organization's mission of providing educational aid to local students. While specific details about the programs or initiatives offered by the foundation are not provided, we can infer that their primary focus is on advocating for and funding educational opportunities in the New Bedford area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
The Prince Henry Society Scholarship Foundation of New Bedford Inc received a solid rating of 80% from Charity Navigator, reflecting a strong performance in accountability and finance. The organization’s score is derived entirely from its accountability and finance metrics, highlighting a commitment to transparency and responsible management of resources.
Notably, the foundation maintains a low liability to assets ratio of 0.00%, indicating a strong financial health. It also boasts a high program expense ratio of 98.78%, suggesting that nearly all funds raised are directed toward its mission of providing scholarships. Additionally, the organization has implemented effective governance practices, such as having a conflict of interest policy and documenting board meeting minutes.
However, the organization has a relatively low percentage of independent board members at 14%. While it meets the requirements for independent board size, increasing the proportion of independent members could further enhance its governance practices. Overall, the foundation demonstrates strong financial stewardship and a commitment to its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Prince Henry Society Scholarship Foundation Of New Bedford Inc legitimate?
Prince Henry Society Scholarship Foundation Of New Bedford Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince Henry Society Scholarship Foundation Of New Bedford 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.
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What is the mission statement of Prince Henry Society Scholarship Foundation Of New Bedford Inc?
The Prince Henry Society Scholarship Foundation of New Bedford Inc. supports the educational initiatives of the Prince Henry Society of Massachusetts, New Bedford Chapter. Its primary mission is to offer financial assistance to students in the area. This foundation contributes to the educational programs of the Prince Henry Society, Chapter 1, New Bedford, with the aim of aiding local students in their academic pursuits. By providing financial aid, the organization seeks to contribute to the education of the community's students and support their academic growth.
Who is the CEO of Prince Henry Society Scholarship Foundation Of New Bedford Inc?
Joseph Tavares is the Director of Prince Henry Society Scholarship Foundation Of New Bedford Inc.
What is the revenue of Prince Henry Society Scholarship Foundation Of New Bedford Inc?
Prince Henry Society Scholarship Foundation Of New Bedford Inc's revenue in 2022 was $204,754.
Who are the executives of Prince Henry Society Scholarship Foundation Of New Bedford Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Prince Henry Society Scholarship Foundation Of New Bedford Inc?
Prince Henry Society Scholarship Foundation Of New Bedford Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prince Henry Society Scholarship Foundation Of New Bedford Inc
The Prince Henry Society Scholarship Foundation of New Bedford Inc is committed to supporting the educational initiatives of the Prince Henry Society of Massachusetts, Chapter 1, located in New Bedford. This organization's primary mission is to provide financial aid for the educational programs, aiming to assist students in the area. By offering financial assistance, the foundation contributes to the broader goals of the Prince Henry Society, which seeks to uplift and empower its community members. This mission is a testament to the foundation's dedication to fostering educational opportunities and contributing to the development of future generations.
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Impact
October, 2024
The Prince Henry Society Scholarship Foundation of New Bedford Inc. significantly impacts the educational landscape by providing financial assistance specifically tailored to support the educational programs of the Prince Henry Society of Massachusetts, New Bedford Chapter. Through its focused efforts, the organization ensures that local students have the resources necessary to pursue their educational goals.
By facilitating access to financial aid, the foundation helps alleviate the financial burdens often associated with education, empowering students from the New Bedford area to achieve academic success. This support not only fosters individual growth but also contributes to the broader community by encouraging higher education and personal development among its youth. Ultimately, the foundation plays a critical role in creating opportunities for students, enhancing their prospects for future success and enriching the local community as a whole.
This information is meant to be a general summary of Prince Henry Society Scholarship Foundation Of New Bedford 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 2022.
- Investment Income: $149,282
- Gross Receipts: $776,556
Assets and Liabilities:
- Total Assets: $1,181,952
- Total Liabilities: $0
- Net Assets: $1,181,952
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Organization Details
Founding Year
1991
Phone
(508) 994-9333Principal Officer
Joseph Tavares
Main Address
522 HAWTHORN STREET, NORTH DARTMOUTH, MA, 02747
NTEE Category
Code: T20J - Philanthropy
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