Overview
What is Greenwich High School Student Loan Fund Inc?
Greenwich High School Student Loan Fund Inc is a nonprofit organization situated in Old Greenwich, Connecticut. Their primary mission is to extend financial aid in the form of loans to financially struggling high school students, enabling them to pursue higher education. The organization operates with a focus on providing this essential assistance, contributing to the broader goal of fostering academic growth and opportunities for young individuals. The organization's headquarters can be located at PO Box 646, Old Greenwich, CT 06870.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Greenwich High School Student Loan Fund Inc has received a 73% rating from Charity Navigator, which translates to a Two-Star designation. This rating is solely based on its Accountability & Finance metrics, indicating a strong emphasis on financial transparency and responsible management practices. The organization has demonstrated exemplary governance through a fully independent board, with 100% of its members being independent.
The nonprofit has scored perfectly on several key accountability metrics, including no material diversion of assets and a robust program expense ratio of 90.47%. This suggests that a significant portion of its resources is dedicated to fulfilling its mission. Additionally, the organization’s liabilities to assets ratio stands at 0.00%, highlighting its financial stability.
However, despite these strengths, the Two-Star rating indicates that there may be areas for improvement. Potential donors and stakeholders should consider the overall performance in the context of the nonprofit sector and review further details to ensure alignment with their philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Greenwich High School Student Loan Fund Inc legitimate?
Greenwich High School Student Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenwich High School Student Loan 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
What is the mission statement of Greenwich High School Student Loan Fund Inc?
Greenwich High School Student Loan Fund Inc's mission is centered around providing financial aid in the form of loans to financially disadvantaged high school students. This initiative enables these students to pursue higher education, thereby expanding their opportunities and potential for a better future. The organization's goal is to contribute to their educational journey, thereby empowering them to reach their full potential. The fund's activities are solely focused on offering these loans, aiming to make higher education more accessible to those who might otherwise be unable to afford it.
Who is the CEO of Greenwich High School Student Loan Fund Inc?
Judith Nedell is the Director of Greenwich High School Student Loan Fund Inc.
What is the revenue of Greenwich High School Student Loan Fund Inc?
Greenwich High School Student Loan Fund Inc's revenue in 2021 was $2,489.
Who are the executives of Greenwich High School Student Loan Fund Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Greenwich High School Student Loan Fund Inc?
Greenwich High School Student Loan Fund Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Greenwich High School Student Loan Fund Inc
Greenwich High School Student Loan Fund Inc, as its name suggests, is an organization committed to providing financial aid. Its primary mission is to extend loans to financially disadvantaged high school students, enabling them to pursue higher education. By granting these loans, the nonprofit aims to open up opportunities for these students, enabling them to further their education and potentially achieve their career goals. The organization's activities are centered around this mission, providing the necessary financial assistance to those in need. It's a testament to the belief that education should not be a luxury restricted by financial circumstances, but a right accessible to all.
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Impact
August, 2024
Greenwich High School Student Loan Fund Inc's impact lies in providing much-needed financial assistance to high school students who may not have the means to pursue higher education otherwise. By offering loans to these students, the organization is helping them access the education they need to build a better future for themselves. This support can have a profound impact on individuals and their communities, opening up opportunities that may have otherwise been out of reach.
This information is meant to be a general summary of Greenwich High School Student Loan 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 2021.
- Investment Income: $2,489
- Gross Receipts: $2,489
Assets and Liabilities:
- Total Assets: $1,169,910
- Total Liabilities: $0
- Net Assets: $1,169,910
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Organization Details
Founding Year
1953
Principal Officer
Judith Nedell
Main Address
PO BOX 646, OLD GREENWICH, CT, 06870
NTEE Category
Code: B82 - Education
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