Overview
What is Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc?
The Salem Rotary ClubVance Smith III Scholarship Foundation is a nonprofit organization committed to supporting promising high school students. Established with a mission to provide financial assistance, the foundation offers scholarships to numerous deserving local graduates. Their primary activity involves granting scholarships, aiming to empower these young individuals in their educational pursuits. By doing so, the foundation contributes to the community and encourages academic excellence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating. The overall score reflects a strong emphasis on accountability and finance, which is crucial for donor trust and organizational transparency. This rating indicates that the Salem Rotary Clubvance Smith III Scholarship Foundation Inc is performing well in terms of managing its financial practices.
The foundation boasts a perfect score for having a fully independent board and maintaining a sound liabilities to assets ratio. Additionally, it demonstrates effective program expense management, allocating 100% of its expenses towards programs. These aspects highlight the organization’s commitment to responsible governance and financial stewardship.
However, the foundation does have some limitations, particularly in its policies. It has not yet implemented a whistleblower policy or a document retention and destruction policy, which are essential for enhancing accountability. Addressing these areas could further strengthen the foundation's operational integrity and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc legitimate?
Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Rotary Clubvance Smith Iii Scholarship Foundation 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
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What is the mission statement of Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc?
The Salem Rotary Clubvance Smith III Scholarship Foundation's primary mission is to offer scholarships to deserving high school students. The organization's mission is centered around providing financial assistance to numerous qualified local graduates, aiming to support their educational pursuits. The foundation's activities are primarily focused on this mission, which is to provide scholarships to deserving students.
Who is the CEO of Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc?
Christopher T Casey is the Clerk of Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc.
What is the revenue of Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc?
Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc's revenue in 2022 was $74,177.
Who are the executives of Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc?
Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Salem Rotary Clubvance Smith Iii Scholarship Foundation Inc
The Salem Rotary Club Vance Smith III Scholarship Foundation, in its mission, aims to extend financial aid to deserving high school students. This nonprofit organization is dedicated to providing scholarships, recognizing the potential and merit of numerous local graduates. By offering these scholarships, the foundation seeks to support the educational pursuits of these young individuals, fostering their growth and future opportunities.
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Impact
August, 2024
The Salem Rotary ClubVance Smith III Scholarship Foundation Inc has a significant impact on the local community by providing scholarships to qualified high school students. This enables these students to further their education and pursue their academic goals. By awarding scholarships, the foundation helps to support the academic success and future opportunities of numerous local high school graduates in Salem, MA. This directly contributes to the advancement of education and the empowerment of young individuals in the community.
This information is meant to be a general summary of Salem Rotary Clubvance Smith Iii Scholarship Foundation 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: $45,391
- Gross Receipts: $240,135
Assets and Liabilities:
- Total Assets: $1,036,254
- Total Liabilities: $0
- Net Assets: $1,036,254
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Organization Details
Founding Year
1992
Phone
(978) 741-3888Principal Officer
Christopher T Casey
Main Address
CHRISTOPHER CASEY 71 WASHINGTON ST, SALEM, MA, 01970
NTEE Category
Code: B84Z - Education
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