Overview
What is Allan Z Gilbert Memorial Scholarship Fund?
The Allan Z Gilbert Memorial Scholarship Fund is a charitable organization situated in Naples, Florida. Its primary mission is to offer scholarships, fellowships, and educational opportunities to individuals who are either the children, spouses, or employees of members associated with MAMC. The fund is dedicated to supporting numerous deserving candidates through various financial aid programs. By providing these educational opportunities, the Allan Z Gilbert Memorial Scholarship Fund aims to contribute positively to the lives of those connected to MAMC.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Allan Z Gilbert Memorial Scholarship Fund has received a moderate rating, reflecting a mix of strengths and weaknesses in its operations. The organization shows strong accountability with a perfect score in areas such as board independence, material diversion of assets, and program expense ratio, indicating efficient use of funds towards its mission. However, the overall rating is hindered by missing policies related to conflict of interest, whistleblower protections, and document retention, which are essential for good governance.
Despite the positive aspects of its financial management, the absence of crucial governance policies raises concerns about transparency and accountability. These limitations may affect stakeholders' confidence in the organization. Nonetheless, the high program expense ratio suggests that the majority of the funds are directed toward its charitable activities, which is an encouraging sign for potential donors and beneficiaries alike.
For further insights, the organization is encouraged to address the identified governance gaps to improve its overall rating and enhance its credibility within the nonprofit sector. Engaging with best practices in nonprofit management and ensuring compliance with transparency standards could significantly benefit the Allan Z Gilbert Memorial Scholarship Fund in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Allan Z Gilbert Memorial Scholarship Fund legitimate?
Allan Z Gilbert Memorial Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allan Z Gilbert Memorial 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
For more financial information, click here
What is the mission statement of Allan Z Gilbert Memorial Scholarship Fund?
The Allan Z Gilbert Memorial Scholarship Fund's mission is to offer scholarships, fellowships, and other educational opportunities to individuals who are either the children, spouses, or employees of members of MAMC. The primary objective of this fund is to provide financial support to these individuals to further their education. The fund is committed to awarding multiple scholarships to deserving candidates, thereby contributing to their academic growth and success. Despite not having specific details about the fund's motivation or long-term goals, it is clear that the Allan Z Gilbert Memorial Scholarship Fund is dedicated to supporting the educational pursuits of individuals closely associated with MAMC members.
Who is the CEO of Allan Z Gilbert Memorial Scholarship Fund?
Stephen F Foley is the Principal Officer of Allan Z Gilbert Memorial Scholarship Fund.
What is the revenue of Allan Z Gilbert Memorial Scholarship Fund?
Allan Z Gilbert Memorial Scholarship Fund's revenue in 2022 was -$19,063.
Who are the executives of Allan Z Gilbert Memorial Scholarship Fund and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Allan Z Gilbert Memorial Scholarship Fund?
Allan Z Gilbert Memorial Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Allan Z Gilbert Memorial Scholarship Fund
The Allan Z Gilbert Memorial Scholarship Fund, as its name suggests, is committed to providing scholarships, fellowships, and other educational opportunities. This nonprofit organization extends its support to individuals who hold a significant connection to Members of MAMC. This could include being children, spouses, or employees of these members. By offering multiple scholarships to deserving candidates, the fund aims to contribute to their educational pursuits and personal growth. The Allan Z Gilbert Memorial Scholarship Fund serves as a beacon of hope and opportunity for those who are part of the MAMC community.
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Impact
October, 2024
The Allan Z Gilbert Memorial Scholarship Fund significantly enhances educational opportunities for individuals connected to the members of MAMC by providing scholarships, fellowships, and other forms of financial support. By targeting children, spouses, and employees of MAMC members, the fund fosters a sense of community and encourages educational advancement among those directly linked to its membership.
Awarding multiple scholarships to deserving candidates not only alleviates the financial burden of education but also empowers recipients to pursue their academic and career goals. This support helps cultivate future leaders and skilled professionals, thereby contributing to the broader community and workforce. The fund's impact resonates through the lives it touches, enabling individuals to achieve their potential and contribute positively to society, all while honoring the legacy of Allan Z Gilbert. Located in Naples, Florida, this fund serves as a vital resource for educational empowerment in the region.
This information is meant to be a general summary of Allan Z Gilbert Memorial 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: -$22,098
- Gross Receipts: $76,148
Assets and Liabilities:
- Total Assets: $748,436
- Total Liabilities: $0
- Net Assets: $748,436
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Organization Details
Founding Year
1996
Phone
(617) 548-1012Principal Officer
Stephen F Foley
Main Address
7907 KILKENNY WAY, NAPLES, FL, 34112
NTEE Category
Code: B82 - Education
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