Overview
What is Manhasset Student Aid Association?
The Manhasset Student Aid Association is a charitable organization, located in Manhasset, New York. Its mission is to ensure that financial constraints do not hinder the pursuit of higher education for local residents. They accomplish this by providing interest-free loans and grants to deserving students. These funds are intended to supplement other sources of education funding, aiding students in attending vocational schools, two-year or four-year colleges, and even graduate programs in some cases. Applicants are required to meet certain eligibility criteria, which are clearly outlined on the organization's website. The Manhasset Student Aid Association strives to ensure that no young person in the community is prevented from pursuing their educational dreams due to financial limitations.
Official website here: www.msaainc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating.
The Manhasset Student Aid Association received a Three-Star rating from Charity Navigator, indicating a reasonably good level of accountability and finance management. The score is derived entirely from its excellent performance in accountability metrics, reflecting a strong commitment to transparency and responsible financial practices.
One of the organization's notable strengths is its fully independent board, which has received top marks for both the majority of independent members and the size of the board. Furthermore, the organization has demonstrated effective asset management with no material diversions reported, and all required documents, such as meeting minutes and tax forms, are appropriately handled.
However, the association has some areas for improvement, particularly in its governance policies. Notably, it lacks a conflict of interest policy and has not established whistleblower or document retention policies, which contributed to lower scores in those categories. Addressing these deficiencies could enhance its overall accountability and governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Manhasset Student Aid Association legitimate?
Manhasset Student Aid Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manhasset Student Aid Association 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.
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Official website here: www.msaainc.org
What is the mission statement of Manhasset Student Aid Association?
The Manhasset Student Aid Association's mission is centered around ensuring that financial limitations do not hinder any resident in Manhasset from pursuing higher education. The organization provides grants and interest-free loans to deserving students, serving as a supplement to other sources of funding. This financial aid is offered for a variety of educational pursuits, including special training courses, vocational schools, two-year and four-year colleges, and even graduate school, as long as the financial assistance is required. The association's goal is to remove financial barriers, thereby enabling young individuals to pursue their post-secondary education aspirations.
Official website here: www.msaainc.org
Who is the CEO of Manhasset Student Aid Association?
Thomas Maimone is the Principal Officer of Manhasset Student Aid Association.
Official website here: www.msaainc.org
What is the revenue of Manhasset Student Aid Association?
Manhasset Student Aid Association's revenue in 2022 was $46,898.
Official website here: www.msaainc.org
Who are the executives of Manhasset Student Aid Association and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.msaainc.org
Where can I find the form 990 for Manhasset Student Aid Association?
Manhasset Student Aid Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msaainc.org
Learn more at the official website: www.msaainc.org
Mission Statement of Manhasset Student Aid Association
The Manhasset Student Aid Association is committed to ensuring that no promising young individual residing in Manhasset is denied the opportunity to pursue higher education due to financial constraints. To achieve this, the association provides deserving students with grants and interest-free loans. These financial aids serve to supplement other sources of funds, allowing students to attend various educational institutions, including special training courses, vocational schools, two-year and four-year colleges, and even graduate programs in certain cases. The association's mission is to offer this support as long as it is necessary to help students complete their education.
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Impact
August, 2024
The Manhasset Student Aid Association's impact lies in its commitment to ensuring that no young person in Manhasset is hindered from pursuing post-high school education due to financial challenges. By offering grants and interest-free loans to deserving students, the organization supplements other funding sources, enabling individuals to pursue higher education at various institutions. This support not only helps students achieve their academic goals but also contributes to a more educated and skilled community.
This information is meant to be a general summary of Manhasset Student Aid Association. 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: $688
- Gross Receipts: $46,898
Assets and Liabilities:
- Total Assets: $224,551
- Total Liabilities: $0
- Net Assets: $224,551
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Organization Details
Founding Year
1967
Phone
(516) 365-4921Principal Officer
Thomas Maimone
Main Address
PO Box 255, Manhasset, NY, 11030
Website
www.msaainc.orgNTEE Category
Code: B82Z - Education
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