Overview
What is Greenwich Scholarship Association Inc?
Greenwich Scholarship Association Inc, based in Greenwich, Connecticut, is a compassionate nonprofit organization that provides financial aid to around 100 deserving high school graduates from Greenwich schools. Funded by its own resources and numerous sponsors, the association aims to support these students in pursuing higher education. By offering need-based financial assistance, the Greenwich Scholarship Association Inc seeks to alleviate financial burdens and empower young individuals to further their education, thereby contributing to their personal and professional growth.
Official website here: www.greenwichscholarship.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Greenwich Scholarship Association Inc. has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in both financial accountability and impact measurement. With an overall score of 96%, the organization demonstrates effective resource management, notably achieving a high program expense ratio of 98.65%. This indicates that a significant portion of its funds directly supports its mission.
The organization excels particularly in its Impact & Measurement score, which stands at a perfect 100. This suggests that Greenwich Scholarship Association Inc. effectively measures and communicates the outcomes of its scholarship programs, contributing to a positive return on investment for its beneficiaries. For every dollar spent, the nonprofit reportedly increases a scholarship recipient's income by more than $1.50, showcasing its significant impact on the community it serves.
However, while the Accountability & Finance score is strong at 92, it is slightly lower than the impact score, indicating room for improvement in transparency or financial practices. Nevertheless, the overall ratings suggest that donors can feel confident in the organization's financial health and its commitment to making a measurable difference in the lives of scholarship recipients.
This AI summary has been generated from information found on Charity Navigator.
Is Greenwich Scholarship Association Inc legitimate?
Greenwich Scholarship Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenwich Scholarship Association 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.greenwichscholarship.org
What is the mission statement of Greenwich Scholarship Association Inc?
The Greenwich Scholarship Association Inc's mission is to offer need-based financial assistance to graduating students from Greenwich schools, enabling them to pursue higher education. This assistance is sourced from the organization's own funds and various sponsors. The association aims to support approximately 100 high school seniors annually, providing them with the financial means to further their education. The association's activities primarily focus on providing financial aid, thereby empowering these students to pursue their academic goals.
Official website here: www.greenwichscholarship.org
Who is the CEO of Greenwich Scholarship Association Inc?
Catherine Holden is the Cp Students of Greenwich Scholarship Association Inc.
Official website here: www.greenwichscholarship.org
What is the revenue of Greenwich Scholarship Association Inc?
Greenwich Scholarship Association Inc's revenue in 2023 was $1,886,894.
Official website here: www.greenwichscholarship.org
Who are the executives of Greenwich Scholarship Association Inc and what are their salaries?
Here are 20 key members and their salaries:
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Official website here: www.greenwichscholarship.org
Where can I find the form 990 for Greenwich Scholarship Association Inc?
Greenwich Scholarship Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.greenwichscholarship.org
Learn more at the official website: www.greenwichscholarship.org
Mission Statement of Greenwich Scholarship Association Inc
The Greenwich Scholarship Association Inc is committed to providing need-based financial assistance to graduating students within Greenwich schools for their higher education. This nonprofit organization sources funding not only from its own resources but also from various sponsors, with the aim of supporting approximately 100 high school seniors in their academic pursuits beyond Greenwich. By offering this financial aid, the Greenwich Scholarship Association Inc plays a crucial role in empowering deserving students and contributing to their future academic success.
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Impact
July, 2024
Greenwich Scholarship Association Inc has a significant impact on the community by providing much-needed financial assistance to approximately 100 high school seniors in Greenwich. This support enables these students to pursue higher education and achieve their academic goals. By granting scholarships from its own funds and through various sponsors, the association plays a crucial role in helping students in Greenwich access the educational opportunities they deserve. This assistance not only benefits the individual recipients but also contributes to the overall educational advancement and future success of the community.
This information is meant to be a general summary of Greenwich Scholarship Association 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 2023.
- Investment Income: $58,461
- Gross Receipts: $1,886,894
Assets and Liabilities:
- Total Assets: $5,231,302
- Total Liabilities: $681,692
- Net Assets: $4,549,610
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Organization Details
Founding Year
1972
Phone
(732) 213-8495Principal Officer
Catherine Holden
Main Address
PO BOX 4627, GREENWICH, CT, 06831
Website
www.greenwichscholarship.orgNTEE Category
Code: B82Z - Education
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