Overview
What is Massachusetts Elks Scholarship Inc?
Massachusetts Elks Scholarship Inc is a charitable organization that primarily focuses on granting scholarships to talented and deserving undergraduate students. By offering college tuition grants, the organization aims to empower these students and contribute to their higher education journey. Their mission is deeply rooted in this objective, as they strive to provide financial assistance to deserving students, thereby fostering academic growth and success.
Official website here: www.maelks.org/scholarships/
What are the reviews and ratings of this charity?
96% rating from Charity Navigator indicates that Massachusetts Elks Scholarship Inc has achieved a Four-Star out of Four Star rating, reflecting a strong commitment to accountability and financial health. The rating stems from a comprehensive evaluation of the organization's financial practices, emphasizing transparency and effective governance.
The nonprofit stands out for its entirely independent board, with 100% of its members meeting this criterion. It also scores high on key financial metrics, including a 92.46% program expense ratio, demonstrating that a significant portion of its funds directly supports its scholarship initiatives. Moreover, the organization has implemented robust policies for conflict of interest, whistleblower protections, and document retention, which attest to its good governance.
Despite its strong financial standing and governance practices, no specific limitations or concerns regarding operational effectiveness or program impact were noted in the data. Overall, Massachusetts Elks Scholarship Inc is recognized for its reliability and effective management of resources dedicated to supporting scholarships.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Elks Scholarship Inc legitimate?
Massachusetts Elks Scholarship Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Elks Scholarship 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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Official website here: www.maelks.org/scholarships/
What is the mission statement of Massachusetts Elks Scholarship Inc?
The Massachusetts Elks Scholarship Inc. is dedicated to providing financial assistance to deserving students through various scholarship programs. These programs offer college tuition grants to undergraduate students, thereby empowering them with educational opportunities. The organization's mission is to support these students in their academic pursuits, contributing to their future success and personal growth. By providing scholarships, the Massachusetts Elks Scholarship Inc. plays a significant role in fostering academic excellence and promoting access to higher education.
Official website here: www.maelks.org/scholarships/
Who is the CEO of Massachusetts Elks Scholarship Inc?
William Hopkins Iii is the Director of Massachusetts Elks Scholarship Inc.
Official website here: www.maelks.org/scholarships/
What is the revenue of Massachusetts Elks Scholarship Inc?
Massachusetts Elks Scholarship Inc's revenue in 2023 was $967,571.
Official website here: www.maelks.org/scholarships/
Who are the executives of Massachusetts Elks Scholarship Inc and what are their salaries?
There is 1 employee at Massachusetts Elks Scholarship Inc.
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Official website here: www.maelks.org/scholarships/
Where can I find the form 990 for Massachusetts Elks Scholarship Inc?
Massachusetts Elks Scholarship Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.maelks.org/scholarships/
Learn more at the official website: www.maelks.org/scholarships/
Mission Statement of Massachusetts Elks Scholarship Inc
Massachusetts Elks Scholarship Inc is committed to providing financial assistance to deserving students. Through various programs, this organization awards college tuition grants to undergraduate college students. The mission of Massachusetts Elks Scholarship Inc is to empower young individuals by alleviating some of the financial burden associated with higher education. By offering scholarships, this nonprofit organization aims to help deserving students pursue their academic goals and build a solid foundation for their future.
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Impact
July, 2024
Massachusetts Elks Scholarship Inc's impact is significant in providing scholarships to deserving students through programs that award college tuition grants to undergraduate college students. Their mission to support education by offering financial assistance to students in need has a direct and positive influence on the educational pursuits of these individuals. By alleviating some of the financial burden associated with higher education, Massachusetts Elks Scholarship Inc enables students to focus on their academic endeavors and achieve their educational goals. This support not only benefits the recipients directly but also contributes to the broader community by fostering a more educated and skilled workforce.
This information is meant to be a general summary of Massachusetts Elks Scholarship 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 2023.
- Investment Income: $738,656
- Gross Receipts: $2,107,388
Assets and Liabilities:
- Total Assets: $10,634,586
- Total Liabilities: $1,191
- Net Assets: $10,633,395
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Organization Details
Founding Year
1928
Phone
(781) 246-5900Principal Officer
William Hopkins Iii
Main Address
63 BAYSTATE ROAD, LYNNFIELD, MA, 01940
Website
www.maelks.org/scholarships/NTEE Category
Code: B82Z - Education
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