Overview
What is Albert Shanker College Scholarship Fund Of The United Federation Of Teachers?
The Albert Shanker College Scholarship Fund of the United Federation of Teachers is a charitable organization situated in New York City, specifically at 52 Broadway, New York, NY 10004. Their primary mission is to provide financial aid through scholarships to deserving students from low-income families who are graduating from New York City high schools. The UFT Welfare Fund contributes to this fund, enabling these students to pursue their higher education at colleges. The scholarly achievements and family income of the applicants are considered during the scholarship selection process. This initiative aims to empower the next generation of students from financially challenged backgrounds.
Official website here: www.uft.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Albert Shanker College Scholarship Fund received a two-star rating from Charity Navigator, indicating that there are areas in need of improvement within the organization. With an overall score of 65%, the fund shows strong program expense management, utilizing 94.01% of its funds for direct programs. However, the lack of independent board members and missing policies regarding conflict of interest and whistleblower protection raise concerns about governance and accountability.
While the organization has successfully undergone audits and maintains transparency regarding financial statements, the absence of certain key policies and independent oversight could undermine stakeholder confidence. Additionally, the non-availability of the tax form on their website further emphasizes the need for enhanced transparency measures.
In summary, while the Albert Shanker College Scholarship Fund demonstrates a commitment to its mission through effective program spending, it faces significant challenges in governance practices that may affect its long-term sustainability and trustworthiness. Addressing these issues could improve its overall rating and effectiveness in serving its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Albert Shanker College Scholarship Fund Of The United Federation Of Teachers legitimate?
Albert Shanker College Scholarship Fund Of The United Federation Of Teachers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albert Shanker College Scholarship Fund Of The United Federation Of Teachers 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.uft.org
What is the mission statement of Albert Shanker College Scholarship Fund Of The United Federation Of Teachers?
The Albert Shanker College Scholarship Fund of the United Federation of Teachers has a mission to provide financial assistance for students from low-income families. This mission is carried out by providing scholarships to graduating high school students from New York City, enabling them to attend college. Contributions from the UFT Welfare Fund are utilized to offer tuition assistance. The fund grants scholarships to students who meet certain academic standards and come from families whose income falls within specified limits.
Official website here: www.uft.org
Who is the CEO of Albert Shanker College Scholarship Fund Of The United Federation Of Teachers?
Joseph Usatch is the Trustee of Albert Shanker College Scholarship Fund Of The United Federation Of Teachers.
Official website here: www.uft.org
What is the revenue of Albert Shanker College Scholarship Fund Of The United Federation Of Teachers?
Albert Shanker College Scholarship Fund Of The United Federation Of Teachers's revenue in 2022 was $1,001,553.
Official website here: www.uft.org
Who are the executives of Albert Shanker College Scholarship Fund Of The United Federation Of Teachers and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $341,368
- Other: $58,691
- Compensation: $0
- Related: $41,094
- Other: $0
- Compensation: $0
- Related: $75,171
- Other: $17,929
- Compensation: $0
- Related: $105,187
- Other: $24,454
- Compensation: $0
- Related: $88,105
- Other: $19,888
- Compensation: $0
- Related: $224,707
- Other: $33,082
- Compensation: $0
- Related: $188,051
- Other: $25,114
- Compensation: $0
- Related: $170,854
- Other: $43,111
- Compensation: $0
- Related: $198,228
- Other: $9,571
- Compensation: $0
- Related: $62,949
- Other: $14,723
Official website here: www.uft.org
Where can I find the form 990 for Albert Shanker College Scholarship Fund Of The United Federation Of Teachers?
Albert Shanker College Scholarship Fund Of The United Federation Of Teachers's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uft.org
Learn more at the official website: www.uft.org
Mission Statement of Albert Shanker College Scholarship Fund Of The United Federation Of Teachers
The Albert Shanker College Scholarship Fund of the United Federation of Teachers is committed to a noble mission. This organization aims to extend financial aid in the form of scholarships to students hailing from low-income families. Specifically, it focuses on providing this assistance to graduating seniors from public high schools within New York State. The scholarship recipients are selected based on their academic merit and adherence to income limits set by the fund. The contributions from the UFT Welfare Fund serve as the primary source of funding for these scholarships, enabling deserving students to pursue their higher education dreams.
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Impact
August, 2024
The Albert Shanker College Scholarship Fund of the United Federation of Teachers provides vital support to New York State public high school students from low-income families, enabling them to pursue higher education. This fund plays a crucial role in breaking down financial barriers that often hinder students from achieving their academic goals. By offering scholarships to graduating seniors based on academic merit and financial need, the fund empowers deserving individuals to access college opportunities that would have otherwise been out of reach. Through its impactful initiatives, this fund is actively contributing to the educational advancement and socio-economic mobility of students in need, ultimately fostering a more equitable and inclusive society.
This information is meant to be a general summary of Albert Shanker College Scholarship Fund Of The United Federation Of Teachers. 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: $1,553
- Program Service Revenue: $1,000,000
- Gross Receipts: $1,001,553
Assets and Liabilities:
- Total Assets: $799,751
- Total Liabilities: $247,808
- Net Assets: $551,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTION-UFT WELFA
Revenue
$1,000,000
Organization Details
Founding Year
1971
Phone
(212) 539-0500Principal Officer
Joseph Usatch
Main Address
52 BROADWAY, NEW YORK, NY, 10004
Website
www.uft.orgNTEE Category
Code: B82Z - Education
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