Overview
What is Aaaa Scholarship Foundation Inc?
Aaaa Scholarship Foundation Inc, located at 593 Main Street, Monroe, Connecticut, is a nonprofit organization dedicated to offering financial assistance for higher education. Affiliated with Army Aviation Association of America Inc. (AAAA), this organization provides scholarships, scholarship loans, and life membership memorial grants to members, their children, siblings, spouses, and deceased members. The selection process for these awards is managed by Aaaa Scholarship Foundation Inc.'s board or a designated committee. Their mission is to support individuals pursuing college-level education, contributing to their personal growth and development.
Official website here: www.quad-a.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Aaaa Scholarship Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and financial practices. With an Accountability & Finance Score of 88 and an Impact & Measurement Score of 100, the organization demonstrates a commitment to transparency and efficient use of funds. The organization allocates a significant portion of its budget to program expenses, with a Program Expense Ratio of nearly 92%, ensuring that most of its financial resources are directed toward its scholarship initiatives.
User feedback indicates high satisfaction among stakeholders, with board members praising the foundation for its mission to support U.S. Army Aviation Soldiers and their families through scholarships and no-interest loans. The foundation operates with a fully independent board, and its governance structure is well-regarded, as evidenced by a perfect score in board independence and conflict of interest policies. This strong governance framework enhances the foundation's credibility and operational effectiveness.
While the organization has received positive reviews regarding its financial management and mission impact, specific user feedback is limited and primarily comes from board members. This may suggest a need for broader community engagement and feedback to fully understand the experiences of scholarship recipients and their families. Overall, the Aaaa Scholarship Foundation Inc is recognized for its impactful mission and sound financial practices, making it a noteworthy nonprofit in its field.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Aaaa Scholarship Foundation Inc legitimate?
Aaaa Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aaaa Scholarship Foundation Inc 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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Official website here: www.quad-a.org
What is the mission statement of Aaaa Scholarship Foundation Inc?
The Aaaa Scholarship Foundation Inc's mission is centered around providing financial assistance for higher education. This assistance is in the form of scholarships, scholarship loans, and life membership memorial grants. These awards are extended to members, their children, siblings, spouses, and even deceased members of the Army Aviation Association of America Inc. (AAAA). The selection of recipients for these grants is a responsibility entrusted to Aaaa Scholarship Foundation Inc's board or their designated committee. The foundation aims to contribute to the educational pursuits of these individuals, thereby potentially shaping their future and enhancing their prospects.
Official website here: www.quad-a.org
Who is the CEO of Aaaa Scholarship Foundation Inc?
William Harris is the President of Aaaa Scholarship Foundation Inc.
Official website here: www.quad-a.org
What is the revenue of Aaaa Scholarship Foundation Inc?
Aaaa Scholarship Foundation Inc's revenue in 2022 was $763,785.
Official website here: www.quad-a.org
Who are the executives of Aaaa Scholarship Foundation Inc and what are their salaries?
Here are 38 key members and their salaries:
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Official website here: www.quad-a.org
Where can I find the form 990 for Aaaa Scholarship Foundation Inc?
Aaaa Scholarship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.quad-a.org
Learn more at the official website: www.quad-a.org
Mission Statement of Aaaa Scholarship Foundation Inc
The Aaaaa Scholarship Foundation Inc is committed to administering scholarships, scholarship loans, and life membership memorial grants. This nonprofit organization extends its financial assistance to members, their children, siblings, and spouses, as well as the deceased members, of the Army Aviation Association of America Inc. (AAAA), an affiliated not-for-profit tax-exempt organization. The scholarships and life membership memorial grants are specifically designed to support college-level education for eligible recipients. The selection process for these grants is overseen by Aaaa Scholarship Foundation Inc's board or a designated committee. By providing this financial aid, the foundation aims to help individuals pursuing higher education and contribute to their personal growth and development.
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Impact
July, 2024
The Aaaa Scholarship Foundation Inc has a significant impact on providing financial assistance for college-level education to members, children, siblings, and spouses of the Army Aviation Association of America Inc. The foundation administers scholarships, scholarship loans, and life membership memorial grants to support individuals in pursuing higher education. Through the selection process conducted by the foundation's board or designated committee, deserving recipients are awarded these vital resources to help them achieve their educational goals. This dedicated support contributes to the academic and personal development of recipients, fostering a brighter future for individuals connected to the Army Aviation Association of America Inc.
This information is meant to be a general summary of Aaaa Scholarship Foundation Inc. 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: $154,017
- Gross Receipts: $7,335,753
Assets and Liabilities:
- Total Assets: $7,627,346
- Total Liabilities: $6,264
- Net Assets: $7,621,082
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Organization Details
Founding Year
1963
Phone
(203) 268-2450Principal Officer
William Harris
Main Address
593 MAIN STREET, MONROE, CT, 064682830
Website
www.quad-a.orgNTEE Category
Code: B82Z - Education
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