Overview
What is Groton Scholarship Fund Inc?
Groton Scholarship Fund Inc is a nonprofit organization, specifically based in an unspecified location. Their primary mission is to support the educational aspirations of students by awarding scholarships to graduates of Fitch High School. Their programs encompass this mission, with a focus on providing financial assistance to deserving seniors from the school. The organization's activities are centered around this mission, contributing positively to the educational opportunities of the community.
Official website here: www.grotonschools.org/fitch/our-school/gsf
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Groton Scholarship Fund Inc has received a 76% rating from Charity Navigator, which indicates a moderate level of accountability and financial health. The charity excels in various aspects, particularly in having a fully independent board and a healthy liabilities to assets ratio of 0%. The program expense ratio is also strong at 91.94%, suggesting that the majority of funds are allocated directly to its mission.
However, there are notable areas for improvement. The organization lacks several key policies, including a conflict of interest policy and a whistleblower policy, both of which are critical for transparency and governance. Additionally, the absence of a document retention and destruction policy could pose risks to operational integrity.
Overall, while the Groton Scholarship Fund demonstrates strong financial management and governance through its independent board and high program expenses, the missing policies indicate a need for enhanced accountability measures. Addressing these gaps could significantly strengthen its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Groton Scholarship Fund Inc legitimate?
Groton Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Groton Scholarship Fund 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.
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
Official website here: www.grotonschools.org/fitch/our-school/gsf
What is the mission statement of Groton Scholarship Fund Inc?
The Groton Scholarship Fund Inc's primary mission is to grant scholarships to students who have graduated from Fitch High School. This organization is committed to financially supporting these graduates, providing them with the opportunity to pursue their higher education. Their activities primarily revolve around awarding scholarships to the deserving seniors from Fitch High School. The Groton Scholarship Fund Inc serves as a beacon of hope and financial aid for these students, enabling them to pursue their academic goals and shape their futures.
Official website here: www.grotonschools.org/fitch/our-school/gsf
Who is the CEO of Groton Scholarship Fund Inc?
Rebecca Dambach is the Chair Person of Groton Scholarship Fund Inc.
Official website here: www.grotonschools.org/fitch/our-school/gsf
What is the revenue of Groton Scholarship Fund Inc?
Groton Scholarship Fund Inc's revenue in 2022 was $40,395.
Official website here: www.grotonschools.org/fitch/our-school/gsf
Who are the executives of Groton Scholarship Fund Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.grotonschools.org/fitch/our-school/gsf
Where can I find the form 990 for Groton Scholarship Fund Inc?
Groton Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grotonschools.org/fitch/our-school/gsf
Learn more at the official website: www.grotonschools.org/fitch/our-school/gsf
Mission Statement of Groton Scholarship Fund Inc
Groton Scholarship Fund Inc, a nonprofit organization, is dedicated to awarding scholarships to graduates of Fitch High School. Their primary mission is to provide financial assistance to deserving students who have completed their high school education at Fitch High School. This philanthropic endeavor aims to support the educational pursuits of these students and contribute to their future success. The organization's activities are centered around this mission, with a focus on awarding scholarships to the graduating seniors of Fitch High School.
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Impact
August, 2024
The impact of Groton Scholarship Fund Inc is providing financial support to graduates of Fitch High School through the awarding of scholarships. This assistance helps students pursue their higher education goals and alleviates some of the financial burdens associated with college. By investing in these students' education, the organization is contributing to the development of future leaders and professionals in the community.
This information is meant to be a general summary of Groton Scholarship Fund 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: $13,326
- Gross Receipts: $77,351
Assets and Liabilities:
- Total Assets: $498,151
- Total Liabilities: $0
- Net Assets: $498,151
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Organization Details
Founding Year
1951
Phone
(860) 449-7200Principal Officer
Rebecca Dambach
Main Address
101 GROTON LONG POINT ROAD, GROTON, CT, 06340
NTEE Category
Code: B82 - Education
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