Overview
What is Dr Martin Luther King Scholarship Fund?
Dr. Martin Luther King Scholarship Fund is a nonprofit organization, established as a nonstock corporation, located in New London, Connecticut. Their mission is twofold: firstly, they aim to establish and maintain a coordinated network of community resources for young people and their families. Secondly, they strive to broaden and deepen public awareness of society's responsibility towards addressing the needs of youth and their families. To fulfill this mission, they provide scholarship assistance for higher education expenses to qualified individuals. This financial aid serves as a crucial stepping stone for young people, helping them pursue their academic goals and contribute positively to society.
Official website here: www.mlktrustfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Dr. Martin Luther King Scholarship Fund has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and impact measurement. With a robust overall score of 92%, the organization demonstrates transparency and effective financial management, highlighted by a perfect score for its independent board composition and no material diversion of assets.
Strengths include a high program expense ratio of 98.10%, indicating that the vast majority of funds are directed toward its mission of supporting scholarship recipients. The impact and measurement score of 100 signifies that the charity not only has a clear strategy for assessing its outcomes but also demonstrates tangible success, as each dollar spent significantly increases income for scholarship recipients.
However, there are a couple of limitations noted in their accountability measures. The charity is missing policies for whistleblower protection and document retention, which could be areas for improvement. Despite these gaps, the overall performance showcases the organization’s dedication to its cause and effective use of resources to create significant positive outcomes for its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Dr Martin Luther King Scholarship Fund legitimate?
Dr Martin Luther King Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dr Martin Luther King Scholarship Fund 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:
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Official website here: www.mlktrustfund.org
What is the mission statement of Dr Martin Luther King Scholarship Fund?
The Dr. Martin Luther King Scholarship Fund is a nonprofit organization dedicated to establishing and sustaining a coordinated network of community resources for young people and their families. Its primary goal is to broaden and deepen public awareness of society's responsibility towards addressing the needs of youth and their families. The fund aims to develop and maintain these resources, thereby fostering a stronger commitment towards responding to these needs. The organization's core activity involves providing scholarship assistance for higher education expenses to eligible individuals.
Official website here: www.mlktrustfund.org
Who is the CEO of Dr Martin Luther King Scholarship Fund?
Birse Timmons is the President of Dr Martin Luther King Scholarship Fund.
Official website here: www.mlktrustfund.org
What is the revenue of Dr Martin Luther King Scholarship Fund?
Dr Martin Luther King Scholarship Fund's revenue in 2022 was $495,057.
Official website here: www.mlktrustfund.org
Who are the executives of Dr Martin Luther King Scholarship Fund and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.mlktrustfund.org
Where can I find the form 990 for Dr Martin Luther King Scholarship Fund?
Dr Martin Luther King Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mlktrustfund.org
Learn more at the official website: www.mlktrustfund.org
Mission Statement of Dr Martin Luther King Scholarship Fund
The Dr. Martin Luther King Scholarship Fund is a nonprofit organization committed to establishing and sustaining a cohesive network of community resources for young individuals and their families. Their mission is twofold: firstly, they aim to broaden and deepen public understanding and engagement in addressing the needs of youth and their families. Secondly, they strive to develop and maintain this network, advocating for society's responsibility in responding to these needs. By doing so, the Dr. Martin Luther King Scholarship Fund seeks to provide scholarship assistance for higher education expenses to qualifying individuals.
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Impact
July, 2024
The Dr. Martin Luther King Scholarship Fund has a significant impact on the community by providing scholarship assistance for higher education expenses to qualifying individuals. This support helps students pursue their academic goals and access opportunities that may have otherwise been out of reach. By investing in the education of young people, the fund contributes to the development of a skilled and educated workforce, thus positively impacting the future of the community. Additionally, the fund plays a crucial role in increasing public awareness and commitment to addressing the needs of youth and their families, fostering a more inclusive and supportive society overall.
This information is meant to be a general summary of Dr Martin Luther King Scholarship Fund. 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: $7,887
- Gross Receipts: $495,057
Assets and Liabilities:
- Total Assets: $1,935,039
- Total Liabilities: $0
- Net Assets: $1,935,039
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Organization Details
Founding Year
1968
Phone
(860) 333-4666Principal Officer
Birse Timmons
Main Address
PO BOX 1308, NEW LONDON, CT, 06320
Website
www.mlktrustfund.orgNTEE Category
Code: B82 - Education
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