Overview
What is The Scholarship Fund Of Concord And Carlisle?
The Scholarship Fund of Concord and Carlisle is a nonprofit organization located in Concord, Massachusetts. Their primary mission is to assist deserving young individuals from the Concord-Carlisle community in pursuing post-secondary education by providing need-based scholarships. By serving as trustees of the organization, they award scholarships to help fill the financial gaps of students seeking educational opportunities at accredited colleges, universities, and technical institutions. In the 2021-2022 academic year, they aided 53 students with scholarships totaling $401,600. The organization continues to help deserving students realize their educational aspirations, thereby contributing positively to the Concord-Carlisle community.
Official website here: www.thescholarshipfundofcc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Scholarship Fund of Concord and Carlisle boasts an impressive 98% rating on Charity Navigator, indicating strong performance in both accountability and finance. The organization has achieved a remarkable Impact & Measurement score of 100, demonstrating its effectiveness in evaluating and communicating the outcome of its initiatives. With a program expense ratio of 80.73%, it allocates the majority of its resources directly to its mission, which is vital for donor confidence.
The organization is characterized by a robust independent board with 100% of its members being independent, ensuring objective governance and oversight. Furthermore, their commitment to transparency is underscored by the presence of comprehensive policies, including those for conflicts of interest and whistleblower protections. These factors contribute to a high level of trust in the organization’s operations.
However, while the financial health appears strong, with a low liabilities to assets ratio of 0.27%, potential donors should consider how the organization plans to sustain its impactful programs over the long term. Overall, The Scholarship Fund of Concord and Carlisle demonstrates a solid operational framework and is well-regarded for its positive influence on scholarship recipients.
This AI summary has been generated from information found on Charity Navigator.
Is The Scholarship Fund Of Concord And Carlisle legitimate?
The Scholarship Fund Of Concord And Carlisle is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Scholarship Fund Of Concord And Carlisle 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:
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Official website here: www.thescholarshipfundofcc.org
What is the mission statement of The Scholarship Fund Of Concord And Carlisle?
The Scholarship Fund of Concord and Carlisle's mission is to aid deserving young individuals from the community in pursuing post-secondary education. Acting as trustees, they award scholarships to help cover the financial gaps of students seeking education at accredited colleges, universities, and technical institutions. All scholarships are need-based, demonstrating their commitment to providing educational opportunities to those who require financial assistance. The fund aims to assist young men and women in achieving their educational goals, thereby contributing to their personal growth and future prospects.
Official website here: www.thescholarshipfundofcc.org
What is the revenue of The Scholarship Fund Of Concord And Carlisle?
The Scholarship Fund Of Concord And Carlisle's revenue in 2023 was $385,203.
Official website here: www.thescholarshipfundofcc.org
Who are the executives of The Scholarship Fund Of Concord And Carlisle and what are their salaries?
There 100 volunteers at The Scholarship Fund Of Concord And Carlisle.
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Official website here: www.thescholarshipfundofcc.org
Where can I find the form 990 for The Scholarship Fund Of Concord And Carlisle?
The Scholarship Fund Of Concord And Carlisle's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thescholarshipfundofcc.org
Learn more at the official website: www.thescholarshipfundofcc.org
Mission Statement of The Scholarship Fund Of Concord And Carlisle
The Scholarship Fund of Concord and Carlisle, as a trusted organization, is committed to a mission that focuses on assisting deserving young individuals from the Concord-Carlisle community in achieving their post-secondary education. Recognizing the financial challenges that many students face, the fund awards need-based scholarships to help fill the unmet financial needs of students pursuing educational opportunities at accredited colleges, universities, and technical institutions. By doing so, the Scholarship Fund of Concord and Carlisle plays a crucial role in supporting the academic aspirations of its community's youth, enabling them to access valuable educational opportunities and further their personal and professional growth.
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Impact
July, 2024
The Scholarship Fund of Concord and Carlisle positively impacts the community by providing financial assistance to deserving young men and women from the Concord-Carlisle area pursuing post-secondary education. In the last reporting period, the fund awarded scholarships totaling $401,600 to 53 students, helping to bridge the gap in their unmet financial needs for accredited college, university, and technical institution education.
This information is meant to be a general summary of The Scholarship Fund Of Concord And Carlisle. 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: $105,788
- Gross Receipts: $4,802,536
Assets and Liabilities:
- Total Assets: $4,965,248
- Total Liabilities: $13,649
- Net Assets: $4,951,599
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Organization Details
Founding Year
1966
Principal Officer
John Sweeney
NTEE Category
Code: B82 - Education
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