Overview
What is Winchester Scholarship Foundation?
The Winchester Scholarship Foundation is a nonprofit organization situated in Winchester, Massachusetts. Its primary objective is to provide financial aid through the awarding of scholarships to students attending various schools or educational institutions within the local area. The organization's mission is dedicated to supporting the educational aspirations of its community by offering scholarships, thereby empowering students to pursue their academic goals.
Official website here: www.winchestersf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Winchester Scholarship Foundation holds an 84% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score is particularly significant as it emphasizes the organization's commitment to transparency and responsible financial management, with a strong ratio of 94.10% allocated towards program expenses. The foundation benefits from a fully independent board, contributing to its accountability and governance.
Strengths of the foundation include a high percentage of independent board members and strong financial oversight, evidenced by their audit and oversight committee scoring full points. They have also demonstrated no issues with asset diversion, showcasing good financial integrity. However, the organization has a few gaps in its policies, notably lacking a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy.
While the foundation's financial practices are commendable, addressing the missing policies could enhance its trustworthiness and operational effectiveness. Overall, the Winchester Scholarship Foundation appears to be a responsible nonprofit focused on providing scholarships, but it could benefit from improving its governance framework to align with best practices in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Winchester Scholarship Foundation legitimate?
Winchester Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winchester Scholarship Foundation 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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Official website here: www.winchestersf.org
What is the mission statement of Winchester Scholarship Foundation?
The Winchester Scholarship Foundation is an organization that focuses on awarding scholarships to individuals. Its mission is to provide financial assistance to deserving students, thereby facilitating their educational pursuits. The foundation supports multiple schools or educational institutions, aiming to make higher education more accessible and affordable for those in need. By offering scholarships, the foundation aims to help students overcome financial barriers and realize their academic goals. The organization's activities revolve around the selection and distribution of scholarships to eligible candidates.
Official website here: www.winchestersf.org
Who is the CEO of Winchester Scholarship Foundation?
Edward Lamson is the Trustee of Winchester Scholarship Foundation.
Official website here: www.winchestersf.org
What is the revenue of Winchester Scholarship Foundation?
Winchester Scholarship Foundation's revenue in 2022 was $769,847.
Official website here: www.winchestersf.org
Who are the executives of Winchester Scholarship Foundation and what are their salaries?
There 15 volunteers at Winchester Scholarship Foundation.
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Official website here: www.winchestersf.org
Where can I find the form 990 for Winchester Scholarship Foundation?
Winchester Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.winchestersf.org
Learn more at the official website: www.winchestersf.org
Mission Statement of Winchester Scholarship Foundation
The Winchester Scholarship Foundation, as an organization, is dedicated to fulfilling its mission of awarding scholarships. This nonprofit entity supports various educational institutions within Winchester, Massachusetts. By granting scholarships, the Winchester Scholarship Foundation aims to assist students in furthering their education and achieving their academic goals. This mission reflects the organization's commitment to investing in the future of its community by providing financial assistance to deserving individuals. The Winchester Scholarship Foundation plays a significant role in enabling students to pursue their educational aspirations, thereby contributing to the overall development and progress of society.
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Impact
July, 2024
The Winchester Scholarship Foundation has a significant impact on the educational opportunities of students in Winchester, MA through its scholarship programs. By awarding scholarships to deserving students, the foundation helps alleviate financial barriers to education and supports the academic pursuits of individuals in the community. This support not only directly benefits the scholarship recipients but also has a broader impact by promoting access to higher education and enabling individuals to achieve their academic and career goals. Through its focus on providing financial assistance for education, the Winchester Scholarship Foundation plays a vital role in fostering a more equitable and accessible educational environment in the community.
This information is meant to be a general summary of Winchester Scholarship Foundation. 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: $512,808
- Gross Receipts: $804,900
Assets and Liabilities:
- Total Assets: $12,307,346
- Total Liabilities: $12,000
- Net Assets: $12,295,346
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Organization Details
Founding Year
1945
Phone
(781) 721-2188Principal Officer
Edward Lamson
Main Address
PO BOX 174, WINCHESTER, MA, 01890
Website
www.winchestersf.orgNTEE Category
Code: B82Z - Education
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