Overview
What is Arthur E Coia Scholarship & Education Fd?
The Arthur E Coia Scholarship & Education Fund is a nonprofit organization situated in Providence, Rhode Island, specifically at 410 South Main Street. Their primary focus is on offering scholarship grants to various educational institutions. By doing so, they contribute financially to the educational sector, benefiting qualifying recipients directly. The organization's mission revolves around providing financial assistance to educational institutions, thereby aiding in the advancement of education and knowledge.
Official website here: www.coiascholarship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Arthur E Coia Scholarship & Education Fund has received a solid Three-Star rating, reflecting a commendable level of accountability and financial stability. With a program expense ratio of 89.63%, the organization demonstrates a strong commitment to its mission, ensuring that a significant portion of its funds are directed towards programs rather than administrative costs. The organization boasts a fully independent board, which is a positive indicator of governance quality.
Despite its strengths, there are notable gaps in the organization's policies, particularly with the absence of a conflict of interest policy, whistleblower policy, and document retention policies. These missing elements could pose risks to organizational integrity and transparency. Nevertheless, the fund has shown effective financial management, as evidenced by a liabilities to assets ratio of 0.00%, indicating no debt.
Additionally, the charity's impact evaluation score of 80 suggests that it effectively measures its outcomes, with reports indicating that it increases income for scholarship recipients significantly. Overall, while the organization has foundational strengths in financial management and program delivery, addressing governance shortcomings would further enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Arthur E Coia Scholarship & Education Fd legitimate?
Arthur E Coia Scholarship & Education Fd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arthur E Coia Scholarship & Education Fd 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.coiascholarship.org
What is the mission statement of Arthur E Coia Scholarship & Education Fd?
The Arthur E Coia Scholarship & Education Fund's primary mission is to extend financial aid through grant and scholarship provisions to eligible educational institutions. By doing so, the organization aims to support the educational pursuits of qualifying recipients. The organization's activities are centered around providing financial assistance to educational institutions, thereby enabling access to quality education for numerous individuals. The Arthur E Coia Scholarship & Education Fund functions as a benefactor, offering grants to educational institutions on behalf of qualified recipients.
Official website here: www.coiascholarship.org
Who is the CEO of Arthur E Coia Scholarship & Education Fd?
Joseph C Bonfiglio is the Trustee of Arthur E Coia Scholarship & Education Fd.
Official website here: www.coiascholarship.org
What is the revenue of Arthur E Coia Scholarship & Education Fd?
Arthur E Coia Scholarship & Education Fd's revenue in 2022 was $509,641.
Official website here: www.coiascholarship.org
Who are the executives of Arthur E Coia Scholarship & Education Fd and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $12,000
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- Other: $0
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- Other: $0
Official website here: www.coiascholarship.org
Where can I find the form 990 for Arthur E Coia Scholarship & Education Fd?
Arthur E Coia Scholarship & Education Fd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coiascholarship.org
Learn more at the official website: www.coiascholarship.org
Mission Statement of Arthur E Coia Scholarship & Education Fd
Arthur E Coia Scholarship & Education Fund is committed to extending financial aid in the form of scholarships and grants to eligible educational institutions. The organization's mission centers around providing these resources to deserving recipients, thereby contributing to their academic pursuits. By offering these scholarships, the fund aims to empower educational institutions and the individuals they serve, fostering an environment conducive to learning and personal growth. The Arthur E Coia Scholarship & Education Fund plays a crucial role in supporting the educational sector, enabling it to cater to a wider array of students and promote access to quality education.
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Impact
July, 2024
The Arthur E. Coia Scholarship & Education Fd provides grants and scholarships to educational institutions on behalf of qualifying recipients. Its impact is felt through the financial support it offers to students, enabling them to pursue their educational goals and ambitions. By facilitating access to education through scholarships, the organization helps individuals achieve their academic potential and contribute positively to society. The scholarships provided by the Arthur E. Coia Scholarship & Education Fd play a crucial role in promoting education and lifelong learning.
This information is meant to be a general summary of Arthur E Coia Scholarship & Education Fd. 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: $619
- Gross Receipts: $509,641
Assets and Liabilities:
- Total Assets: $1,413,366
- Total Liabilities: $0
- Net Assets: $1,413,366
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Organization Details
Founding Year
1996
Principal Officer
Joseph C Bonfiglio
Main Address
410 South Main Street, Providence, RI, 02903
Website
www.coiascholarship.orgNTEE Category
Code: B82Z - Education
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