Overview
What is Rhode Island Cpcu Scholarship Fund?
The Rhode Island Cpcu Scholarship Fund is a charitable organization, specifically based in Lincoln, Rhode Island. Their primary mission is to offer scholarships to individuals connected to the insurance industry, adhering to the eligibility guidelines established for such scholarships. This nonprofit aims to support the academic growth and development of professionals within this industry, thereby contributing to its overall strength and progress. Their operations are facilitated through a collaboration with AMICA, which is indicated by their mailing address.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars) - Overall Score: 73%
The Rhode Island CPCU Scholarship Fund received a two-star rating from Charity Navigator, indicating that it requires improvement in various accountability and financial aspects. The organization shows strong performance in several areas, such as having a fully independent board and no material diversion of assets, which reflects positively on its governance. Additionally, the fund allocates a significant percentage of its expenses to programs, demonstrating a commitment to its mission.
However, there are notable limitations that affect its overall score. The organization is missing critical policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which raises concerns about transparency and accountability. Furthermore, the absence of the tax form on the nonprofit's website is a significant omission that impacts its score in the accountability category.
Overall, while the Rhode Island CPCU Scholarship Fund displays strengths in its governance structure and program expense ratio, the lack of essential policies and documentation needs to be addressed for the organization to improve its ratings and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Rhode Island Cpcu Scholarship Fund legitimate?
Rhode Island Cpcu Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhode Island Cpcu 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.
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What is the mission statement of Rhode Island Cpcu Scholarship Fund?
The Rhode Island Cpcu Scholarship Fund's mission is centered around providing scholarships to individuals who are part of the insurance industry. This is done in accordance with specific eligibility guidelines. The organization aims to support the educational growth of these individuals, potentially contributing to the advancement of the insurance sector as a whole. By offering scholarships, the fund empowers these individuals, enabling them to further their knowledge and skills in the field. This can potentially lead to improved services and innovations within the insurance industry.
What is the revenue of Rhode Island Cpcu Scholarship Fund?
Rhode Island Cpcu Scholarship Fund's revenue in 2023 was $40,202.
Who are the executives of Rhode Island Cpcu Scholarship Fund and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Rhode Island Cpcu Scholarship Fund?
Rhode Island Cpcu Scholarship Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rhode Island Cpcu Scholarship Fund
The Rhode Island CPCU Scholarship Fund is committed to providing scholarships to individuals who are associated with the insurance industry. This nonprofit organization adheres to specific eligibility guidelines in order to distribute these scholarships effectively. Their mission is to invest in the future of the insurance sector by supporting individuals who demonstrate potential and dedication to this field. By offering financial aid, the Rhode Island CPCU Scholarship Fund aims to foster talent, promote professional growth, and contribute to the overall strength and success of the insurance industry.
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Impact
August, 2024
The Rhode Island CPCU Scholarship Fund makes a significant impact by providing scholarships to individuals associated with the insurance industry in accordance with eligibility guidelines. These scholarships help support and advance the education and professional development of individuals within the insurance industry, ultimately contributing to a more knowledgeable and skilled workforce. By investing in the education of these individuals, the fund plays a vital role in fostering talent and expertise within the insurance sector, benefiting both the recipients and the industry as a whole.
This information is meant to be a general summary of Rhode Island Cpcu 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 2023.
- Investment Income: $32,860
- Gross Receipts: $40,202
Assets and Liabilities:
- Total Assets: $1,232,975
- Total Liabilities: $0
- Net Assets: $1,232,975
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Organization Details
Founding Year
1993
Principal Officer
Brian Rusate
NTEE Category
Code: B82 - Education
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