Overview
What is Town Of Chelmsford Scholarship Fund Inc?
Town of Chelmsford Scholarship Fund Inc, headquartered in Chelmsford, Massachusetts, is a dedicated nonprofit organization. Its primary mission is to grant scholarships to the town's students, aiming to support their educational pursuits. Based on the provided information, the organization's activities are focused on scholarship awards, providing financial assistance to deserving students within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. The Town of Chelmsford Scholarship Fund Inc has received a solid score of 80%, reflecting its strong performance in accountability and finance. This rating indicates a reliable level of transparency and effective use of resources, which is crucial for donor trust and engagement.
One of the standout strengths of this organization is its governance structure, as evidenced by its board. The fund boasts a 100% independent board with 17 members, and it has demonstrated a strong commitment to accountability by having no material diversion of assets. Additionally, the organization maintains a comprehensive conflict of interest policy and documents its board meeting minutes, which contributes to its positive ratings in governance practices.
Financially, the Town of Chelmsford Scholarship Fund is highly efficient, with an impressive program expense ratio of 98.19%. This means nearly all of its expenses directly support its scholarship initiatives, showing a strong dedication to its mission. Although the fund has received a commendable rating, potential donors may want to keep an eye on how the organization evolves in its financial practices and outreach efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Town Of Chelmsford Scholarship Fund Inc legitimate?
Town Of Chelmsford Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Town Of Chelmsford Scholarship Fund 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 Town Of Chelmsford Scholarship Fund Inc?
The Town Of Chelmsford Scholarship Fund Inc's mission is centered around providing financial aid in the form of scholarships. This organization is committed to supporting the educational aspirations of students residing within the Town of Chelmsford. By awarding scholarships, the fund aims to alleviate some of the financial burden associated with higher education, thereby enabling deserving students to pursue their academic goals. The fund's activities primarily revolve around this mission, contributing to the overall development and future prospects of the recipients.
Who is the CEO of Town Of Chelmsford Scholarship Fund Inc?
Bernie Battle is the President of Town Of Chelmsford Scholarship Fund Inc.
What is the revenue of Town Of Chelmsford Scholarship Fund Inc?
Town Of Chelmsford Scholarship Fund Inc's revenue in 2022 was $116,737.
Who are the executives of Town Of Chelmsford Scholarship Fund Inc and what are their salaries?
There 25 volunteers at Town Of Chelmsford Scholarship Fund Inc.
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Where can I find the form 990 for Town Of Chelmsford Scholarship Fund Inc?
Town Of Chelmsford Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Town Of Chelmsford Scholarship Fund Inc
The Town of Chelmsford Scholarship Fund Inc, as its mission statement suggests, is dedicated to awarding scholarships to deserving students hailing from the Town of Chelmsford. This nonprofit organization's primary objective is to support the educational aspirations of local students by providing them with financial assistance. By doing so, the Town of Chelmsford Scholarship Fund Inc aims to foster academic growth and success among its community's youth. Through its scholarship program, the organization plays an instrumental role in alleviating some of the financial burdens associated with higher education and opening up opportunities for talented students to pursue their educational goals.
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Impact
October, 2024
The Town of Chelmsford Scholarship Fund Inc significantly impacts the community by providing financial support to students pursuing higher education. By awarding scholarships specifically to residents of Chelmsford, this initiative helps alleviate the financial burdens of college tuition, enabling more students to access educational opportunities they might not afford otherwise.
The scholarships foster educational growth and development within the town, encouraging academic achievement and community engagement among young residents. By investing in the future of these students, the fund not only contributes to individual success but also strengthens the overall educational landscape of Chelmsford, building a more educated workforce and enriching the community as a whole.
This information is meant to be a general summary of Town Of Chelmsford 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $339
- Gross Receipts: $116,737
Assets and Liabilities:
- Total Assets: $1,302,738
- Total Liabilities: $0
- Net Assets: $1,302,738
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Organization Details
Founding Year
1957
Principal Officer
Bernie Battle
Main Address
PO Box 296, Chelmsford, MA, 01824
NTEE Category
Code: B12 - Education
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