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Nac Scholarship Fund Inc

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

EIN: 043518227 ✦ Nantucket, MA ✦ Designated as a 501(c)(3)

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Overview

What is Nac Scholarship Fund Inc?

Nac Scholarship Fund Inc, based in Nantucket, Massachusetts, is a nonprofit organization dedicated to promoting education by offering financial aid. They grant scholarships to deserving individuals, with notable recipients including Marsh Hickman, Macy Crowell, and Reese Burns, who received awards of $3,000, $3,000, and $1,500, respectively. The fund's primary mission is to support education by alleviating financial burdens, thereby enabling more individuals to pursue their academic pursuits.

Is Nac Scholarship Fund Inc legitimate?

Nac Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nac Scholarship Fund Inc submitted a form 990EZ, 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.

What is the mission statement of Nac Scholarship Fund Inc?

The Nac Scholarship Fund's mission revolves around providing educational support through financial aid. It awards scholarships to eligible individuals, with grants of significant amounts such as $3,000 and $1,500. The fund's primary goal is to facilitate educational opportunities for those in need, thus contributing to their overall development. The organization's activities are centered around this mission, aiming to make education more accessible.

Who is the CEO of Nac Scholarship Fund Inc?

Chris Young is the President of Nac Scholarship Fund Inc.

What is the revenue of Nac Scholarship Fund Inc?

Nac Scholarship Fund Inc's revenue in 2022 was $42,585.

Who are the executives of Nac Scholarship Fund Inc and what are their salaries?


Here are 9 key members and their salaries:


Chris Young (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Malavase (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Slavitz (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norm Frazee (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Homer Ray Iv (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Ramos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Lucey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Tormay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Small (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Nac Scholarship Fund Inc?

Nac Scholarship Fund Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Nac Scholarship Fund Inc

The Nac Scholarship Fund, an organization dedicated to education, grants scholarships to qualified individuals. Its mission is to provide financial aid, offering scholarships worth $3,000 to Marsh Hickman and Macy Crowell, and $1,500 to Reese Burns. This nonprofit aims to support education by offering these financial assistance programs. In essence, the Nac Scholarship Fund is committed to helping deserving individuals pursue their educational goals by alleviating some of the financial burden.

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Impact




August, 2024

The Nac Scholarship Fund Inc has had a significant impact by providing education scholarships to qualified individuals. This includes grants of $3,000 to Marsh Hickman and Macy Crowell, as well as $1,500 to Reese Burns. The fund, located in Nantucket, MA, aims to support education by offering financial assistance to deserving recipients.




This information is meant to be a general summary of Nac Scholarship Fund 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.

Revenue
$42,585 (2022)
Expenses
$31,070 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,184
  • Gross Receipts: $49,922

Assets and Liabilities:

  • Total Assets: $480,460
  • Total Liabilities: $0
  • Net Assets: $480,460

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Organization Details

Principal Officer

Chris Young

Main Address

1 NEW WHALE STREET, Nantucket, MA, 02554

NTEE Category

Code: B82 - Education

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