Overview
What is Attleboro Scholarship Foundation Inc?
The Attleboro Scholarship Foundation Inc, located in Attleboro, Massachusetts, is a dedicated nonprofit organization with a mission to empower local high school graduates. By providing scholarships and zero-interest loans, this foundation aims to ensure that financial constraints do not hinder any qualified Attleboro student from pursuing higher education. With just two dedicated employees, the Attleboro Scholarship Foundation Inc has committed itself to this noble cause, believing in the importance of education and the potential it holds for young individuals in the community.
Official website here: www.ww.attleboroscholarshipfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Attleboro Scholarship Foundation Inc has received a Three-Star rating from Charity Navigator, signifying a solid level of accountability and financial health. With a strong program expense ratio of 94.15%, the organization demonstrates a commitment to effectively utilizing the majority of its resources towards its mission of providing scholarships. The organization boasts 93% independent board members, indicating a robust governance structure.
Despite these strengths, the foundation has notable gaps in its governance policies, including the absence of a conflict of interest policy, whistleblower policy, and document retention policy. These shortcomings suggest areas for improvement in transparency and accountability practices. Additionally, the organization has not posted its tax form on its website, which limits public access to important financial information.
Overall, while the Attleboro Scholarship Foundation Inc shows a dedication to its mission and maintains solid financial health, addressing its governance deficiencies could enhance its credibility and operational transparency in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Attleboro Scholarship Foundation Inc legitimate?
Attleboro Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Attleboro 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: $46,426
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,409
For more financial information, click here
Official website here: www.ww.attleboroscholarshipfoundation
What is the mission statement of Attleboro Scholarship Foundation Inc?
The Attleboro Scholarship Foundation Inc's mission is centered around ensuring that no deserving high school graduate from Attleboro is deprived of higher education opportunities due to financial constraints. They accomplish this by offering scholarships and zero-interest loans to students pursuing their education in the area. The foundation's aim is to level the educational playing field, enabling talented individuals to fulfill their academic potential regardless of their financial background.
Official website here: www.ww.attleboroscholarshipfoundation
What is the revenue of Attleboro Scholarship Foundation Inc?
Attleboro Scholarship Foundation Inc's revenue in 2024 was $1,019,632.
Official website here: www.ww.attleboroscholarshipfoundation
Who are the executives of Attleboro Scholarship Foundation Inc and what are their salaries?
The average compensation at Attleboro Scholarship Foundation Inc during 2024 was $41,278. There are 3 employees at Attleboro Scholarship Foundation Inc.
Here are 14 key members and their salaries:
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- Compensation: $46,426
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Official website here: www.ww.attleboroscholarshipfoundation
Where can I find the form 990 for Attleboro Scholarship Foundation Inc?
Attleboro Scholarship Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ww.attleboroscholarshipfoundation
Learn more at the official website: www.ww.attleboroscholarshipfoundation
Mission Statement of Attleboro Scholarship Foundation Inc
The Attleboro Scholarship Foundation Inc is dedicated to ensuring that no deserving graduate from any high school in the Attleboro area is hindered from pursuing higher education due to financial constraints. In line with its mission, the foundation provides scholarships and zero-interest loans to these students, ensuring they have the necessary financial support to further their education. This initiative is a testament to the foundation's commitment to breaking down the financial barriers that may hinder academic progress, thereby fostering a more educated and prosperous community.
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Impact
July, 2024
Attleboro Scholarship Foundation Inc's impact is ensuring that no qualified Attleboro graduate of any high school is denied access to higher education due to financial need. They provide scholarships and zero interest loans to students in the Attleboro area pursuing a college education. Their work directly benefits the community by supporting the educational pursuits of deserving students and helping to create a more educated and skilled workforce in the Attleboro area.
This information is meant to be a general summary of Attleboro 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 2024.
- Investment Income: $134,945
- Gross Receipts: $4,814,472
Assets and Liabilities:
- Total Assets: $5,930,348
- Total Liabilities: $1,247
- Net Assets: $5,929,101
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Organization Details
Founding Year
1947
Principal Officer
Scott Smith
NTEE Category
Code: B82Z - Education
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