Overview
What is James A Cullen Memorial Scholarship Fund?
The James A Cullen Memorial Scholarship Fund is a nonprofit organization situated in Bellport, New York. While it does not run any active programs, its primary purpose is to support other charitable organizations and individuals in need of educational scholarships. The fund relies on revenue generated from annual special events to fulfill its mission. The primary objective of the James A Cullen Memorial Scholarship Fund is to provide educational scholarships to community members and offer public support to various charities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
The James A Cullen Memorial Scholarship Fund has received a One-Star out of Four Star rating from Charity Navigator, indicating a significant concern regarding its overall accountability and financial health. The charity's total score of 50% is solely based on its Accountability & Finance metrics, which highlights the importance of transparency and effective financial management in nonprofit operations.
Strengths of the organization include a fully independent board, which scored a perfect 10 out of 10 for its majority independence and size. Additionally, there is no indication of material diversion of assets, and the charity successfully documents board meeting minutes, further demonstrating its commitment to good governance. The liabilities to assets ratio is also commendable at 0.00%, reflecting stability in financial obligations.
However, the organization struggles significantly in its program expense ratio, achieving only 2 out of 25 points with a current ratio of 51.55%. This suggests that a substantial portion of its expenses may not be directed towards its charitable programs, which is a critical area of concern for potential donors. Overall, while the charity demonstrates solid governance practices, its financial allocation could be improved to enhance its rating and efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is James A Cullen Memorial Scholarship Fund legitimate?
James A Cullen Memorial Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. James A Cullen Memorial 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of James A Cullen Memorial Scholarship Fund?
The James A Cullen Memorial Scholarship Fund's primary mission is to offer educational scholarships to individuals within the community. In addition to this, the fund provides public support to various charities. The organization does not operate any active programs, but its primary function is to provide assistance to public charities and individuals in need of educational scholarships. The fund derives its support through annual special events, and the revenues generated from these events are utilized to fulfill its mission.
Who is the CEO of James A Cullen Memorial Scholarship Fund?
James A Cullen Jr is the President of James A Cullen Memorial Scholarship Fund.
What is the revenue of James A Cullen Memorial Scholarship Fund?
James A Cullen Memorial Scholarship Fund's revenue in 2020 was $1.
Who are the executives of James A Cullen Memorial Scholarship Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for James A Cullen Memorial Scholarship Fund?
James A Cullen Memorial Scholarship Fund's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of James A Cullen Memorial Scholarship Fund
The James A. Cullen Memorial Scholarship Fund is dedicated to fulfilling its primary exempt mission in two key areas. Firstly, it provides educational scholarships to individuals within the community. By offering these scholarships, the fund aims to empower individuals by supporting their educational pursuits. Secondly, the fund extends its public support to various charities. This aspect of its mission reflects its commitment to contributing to the wider community and supporting those in need.
To achieve its mission, the James A. Cullen Memorial Scholarship Fund relies on the revenues generated from annual special events it organizes. These events serve as a source of financial support, allowing the fund to fulfill its exempt functions. The funds derived from these events are then allocated towards providing educational scholarships and offering support to charitable organizations. In essence, the James A. Cullen Memorial Scholarship Fund acts as a benefactor, using its resources to uplift and educate members of its community and to aid other charitable organizations.
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Impact
October, 2024
The James A Cullen Memorial Scholarship Fund significantly enhances educational opportunities within the community by providing scholarships to individuals seeking further education. Through its dedicated efforts, the fund addresses financial barriers that often hinder aspiring learners, enabling them to pursue academic and vocational goals.
Additionally, the fund extends its impact by offering support to other public charities, fostering a collaborative environment that strengthens the community's overall educational framework. The funds raised from annual special events not only contribute to individual scholarships but also empower other charitable initiatives, amplifying the reach and effectiveness of support for those in need.
By focusing on education, the James A Cullen Memorial Scholarship Fund plays a crucial role in nurturing talent and encouraging personal growth, ultimately contributing to a more informed and skilled community.
This information is meant to be a general summary of James A Cullen Memorial 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 2020.
- Investment Income: $1
- Gross Receipts: $1
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1978
Principal Officer
James A Cullen Jr
Main Address
15 WIGTEL LANE, Bellport, NY, 11713
NTEE Category
Code: B82Z - Education
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