Overview
What is Yale Club And Scholarship Foundation Of Hartford Inc?
The Yale Club and Scholarship Foundation of Hartford Inc. is a long-standing nonprofit organization based in West Hartford, Connecticut. Established in 1885 and formally incorporated in 1952, its primary mission is to foster connections between Yale University, its alumni, and the Greater Hartford community. The foundation supports various programs and initiatives aimed at nurturing mutual understanding between Yale, its alumni, and local residents. This includes facilitating events, such as discussions, dinners, and annual meetings with Yale faculty speakers, which are often held both online and in-person. The club also raises funds to award scholarships for students residing in or attending schools in the Greater Hartford area, ensuring that qualified individuals have access to Yale's educational opportunities. With approximately 125 members and numerous local alumni, the organization continues to strengthen ties between Yale and the Greater Hartford community through its initiatives.
Official website here: www.yaleclubhartford.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Yale Club and Scholarship Foundation of Hartford Inc. has achieved a Three-Star rating from Charity Navigator, reflecting a solid score of 76%. This rating indicates a commendable level of accountability and financial health, which is primarily derived from its low liabilities to assets ratio of 0.01% and a high program expense ratio of 82.47%. These metrics suggest that the organization effectively utilizes its resources towards its mission.
Strengths of the organization include a fully independent board, with 100% of its members being independent, and a robust board size of 23 members. Additionally, the foundation has shown no material diversion of assets, which bolsters its financial integrity. However, it is important to note that the organization is lacking in specific governance policies, such as a conflict of interest policy and a whistleblower policy, both of which are critical for maintaining transparency and accountability.
While the foundation scores well in many areas, the absence of certain policies may raise concerns among potential donors about oversight and governance practices. To enhance its rating further, the organization could benefit from addressing these limitations and implementing comprehensive policies that promote ethical standards and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Yale Club And Scholarship Foundation Of Hartford Inc legitimate?
Yale Club And Scholarship Foundation Of Hartford Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yale Club And Scholarship Foundation Of Hartford 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.yaleclubhartford.org
What is the mission statement of Yale Club And Scholarship Foundation Of Hartford Inc?
The Yale Club and Scholarship Foundation of Hartford Inc's mission is centered around supporting Yale University and its alumni. They facilitate initiatives to foster a connection between Yale, its alumni, and the Greater Hartford community. A significant aspect of their mission involves raising funds for Yale's benefit. Moreover, they establish and grant scholarships to students residing in or attending schools within the Greater Hartford area, with the goal of encouraging their enrollment in Yale. This foundation, which dates back to 1885 and was formally incorporated in 1952, merges both the club and its scholarship foundation to carry out its mission.
Official website here: www.yaleclubhartford.org
Who is the CEO of Yale Club And Scholarship Foundation Of Hartford Inc?
Eric Fleischmann is the President of Yale Club And Scholarship Foundation Of Hartford Inc.
Official website here: www.yaleclubhartford.org
What is the revenue of Yale Club And Scholarship Foundation Of Hartford Inc?
Yale Club And Scholarship Foundation Of Hartford Inc's revenue in 2023 was $65,606.
Official website here: www.yaleclubhartford.org
Who are the executives of Yale Club And Scholarship Foundation Of Hartford Inc and what are their salaries?
There 30 volunteers at Yale Club And Scholarship Foundation Of Hartford Inc.
Here are 20 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.yaleclubhartford.org
Where can I find the form 990 for Yale Club And Scholarship Foundation Of Hartford Inc?
Yale Club And Scholarship Foundation Of Hartford Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.yaleclubhartford.org
Learn more at the official website: www.yaleclubhartford.org
Mission Statement of Yale Club And Scholarship Foundation Of Hartford Inc
The Yale Club and Scholarship Foundation of Hartford Inc is an organization dedicated to several purposes. Primarily, it serves as a platform for Yale University alumni and residents of the Greater Hartford area to contribute to the welfare of their alma mater. The foundation facilitates programs and projects aimed at fostering mutual understanding between Yale, its alumni, and the local community. It also participates in raising funds for the benefit of Yale and awards scholarships to students from Greater Hartford or those who attended secondary schools in the area. The organization, established in 1952 as a merger of two pre-existing entities, has been instrumental in encouraging qualified students to enroll in Yale. By fulfilling these roles, the Yale Club and Scholarship Foundation of Hartford Inc works towards strengthening the ties between Yale, its alumni, and the Greater Hartford community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The impact of the Yale Club And Scholarship Foundation Of Hartford Inc is significant in facilitating local Yale alumni to contribute to the welfare of Yale University. The organization sponsors programs that aim to develop and maintain ties between Yale, its alumni, and residents of the Greater Hartford area. Additionally, the foundation supports local and other students at Yale by raising funds to establish and award scholarships for their benefit. The Club's activities, including various events and meetings, provide a platform for alumni to engage with each other and with the broader community. With a mission rooted in education, the Yale Club And Scholarship Foundation Of Hartford Inc plays a valuable role in supporting both the university and its local stakeholders.
This information is meant to be a general summary of Yale Club And Scholarship Foundation Of Hartford 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: $30,698
- Program Service Revenue: $6,137
- Gross Receipts: $136,493
Assets and Liabilities:
- Total Assets: $468,945
- Total Liabilities: $48
- Net Assets: $468,897
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Meetings and events
Revenue
$6,137
Organization Details
Founding Year
1952
Phone
(860) 264-5774Principal Officer
Eric Fleischmann
Main Address
PO Box 270084, West Hartford, CT, 06127
Website
www.yaleclubhartford.orgNTEE Category
Code: B82Z - Education
If you are a representative of Yale Club And Scholarship Foundation Of Hartford Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.