Overview
What is Quincy Education Association Inc Scholarship Fund?
The Quincy Education Association Inc Scholarship Fund, based in Quincy, Massachusetts, at 590 Hancock Street, is a nonprofit organization dedicated to providing scholarships for graduating seniors from Quincy Public Schools. This fund is managed by a committee of twelve educators from Quincy High School, North Quincy High School, and Quincy Vocational-Technical Schools. The committee grants scholarships solely to academically capable and deserving students, aiming to support their further education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
The Quincy Education Association Inc Scholarship Fund has received a low score of 36%, resulting in a Zero-Star rating. This score is primarily derived from its Accountability & Finance metrics, indicating significant areas for improvement in financial management and transparency. The organization does have strengths, such as having a majority of independent board members and no material diversions of assets, which reflects a positive governance structure.
However, several critical policies are missing, including a conflict of interest policy, whistleblower policy, and document retention policies. These gaps in policy and practice contribute to the overall low rating. Furthermore, the organization exhibits a concerning financial metric with a program expense ratio of only 39.36%, suggesting that a substantial portion of its funds may not be directed towards its intended educational programs.
Overall, while the Quincy Education Association Inc Scholarship Fund shows some governance strengths, the lack of essential policies and low program expenses raise concerns about its operational effectiveness and accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Quincy Education Association Inc Scholarship Fund legitimate?
Quincy Education Association Inc Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quincy Education Association Inc Scholarship Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Quincy Education Association Inc Scholarship Fund?
The Quincy Education Association Inc Scholarship Fund, composed of twelve educators from various schools, aims to grant scholarships to deserving students who demonstrate capabilities. The primary objective of these scholarships is to support these students in furthering their education after high school. The scholarship committee's mission is centered around recognizing and assisting talented individuals in their academic pursuits.
Who is the CEO of Quincy Education Association Inc Scholarship Fund?
Gayle Carvallo is the President of Quincy Education Association Inc Scholarship Fund.
What is the revenue of Quincy Education Association Inc Scholarship Fund?
Quincy Education Association Inc Scholarship Fund's revenue in 2022 was $35,086.
Who are the executives of Quincy Education Association Inc Scholarship Fund and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Quincy Education Association Inc Scholarship Fund?
Quincy Education Association Inc Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Quincy Education Association Inc Scholarship Fund
The Quincy Education Association Inc Scholarship Fund, comprising twelve dedicated teachers from Quincy High School, N. Quincy High School, and Quincy Vocational-Technical Schools, is committed to recognizing and supporting capable and deserving students by providing them with financial aid to advance their education. This nonprofit organization's mission is to grant scholarships to graduating seniors from Quincy Public Schools, aiming to empower and contribute to their future academic pursuits.
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Impact
August, 2024
The Quincy Education Association Inc Scholarship Fund has a significant impact on the graduating seniors of Quincy Public Schools. Through the dedication of the twelve teachers who make up the Scholarship Committee, deserving students are provided with the financial support they need to further their education. This assistance not only helps these students achieve their academic goals but also opens up opportunities for their future success. By investing in the education of these students, the Fund is making a direct and meaningful impact on the lives of individuals and contributing to the overall betterment of the community.
This information is meant to be a general summary of Quincy Education Association Inc Scholarship Fund. 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: $35,086
- Gross Receipts: $35,086
Assets and Liabilities:
- Total Assets: $593,512
- Total Liabilities: $24,200
- Net Assets: $569,312
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Organization Details
Founding Year
1966
Principal Officer
Gayle Carvallo
Main Address
590 HANCOCK STREET, QUINCY, MA, 02169
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