Overview
What is Classmate Fund Inc?
Classmate Fund Inc, based in Virginia Beach, Virginia, is a nonprofit organization established to support members of Princeton University's Class of 1957 who are facing financial hardships, disability, illness, or other forms of need. The primary objective of this organization is to maintain a fund, which can be utilized to provide financial assistance to these individuals, as well as their widows and children, when necessary. The Classmate Fund Inc serves as a source of aid for its specified community, offering a safety net during challenging times.
Is Classmate Fund Inc legitimate?
Classmate Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Classmate 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.
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What is the mission statement of Classmate Fund Inc?
Classmate Fund Inc was established with the purpose of maintaining a fund to provide financial assistance to individuals in need. This assistance is extended to destitute, disabled, ill, or financially struggling members of Princeton University's Class of 1957, as well as their widows and children. The organization's mission is to offer a helping hand to these families, providing them with the necessary financial support during difficult times. By doing so, Classmate Fund Inc aims to alleviate some of the financial burdens faced by its beneficiaries, thereby contributing to their overall well-being and quality of life.
Who is the CEO of Classmate Fund Inc?
Sheppard Davis is the Secretary of Classmate Fund Inc.
What is the revenue of Classmate Fund Inc?
Classmate Fund Inc's revenue in 2022 was -$48,345.
Who are the executives of Classmate Fund Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Classmate Fund Inc?
Classmate Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Classmate Fund Inc
Classmate Fund Inc, established for the Class of 1957 from Princeton University, has a mission centered around providing financial aid. This nonprofit organization was formed with the intention of extending monetary assistance to individuals who fall into categories of destitution, disability, illness, or need. The recipients of this aid include not only the members of the Class of 1957 but also their widows and children. Through this initiative, Classmate Fund Inc aims to offer a source of support for those who are facing financial hardships, thereby upholding its commitment to the well-being of its intended beneficiaries.
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Impact
October, 2024
Classmate Fund Inc plays a vital role in supporting the well-being of members from Princeton University's Class of 1957, along with their widows and children. By extending financial assistance to those who are destitute, disabled, ill, or in need, the organization acts as a crucial safety net for individuals facing challenging circumstances. This compassionate initiative not only alleviates financial strain but also fosters a sense of community and connection among alumni and their families, reinforcing the bonds formed during their time at Princeton. The impact of Classmate Fund Inc resonates through the lives it touches, offering hope and support during difficult times and ensuring that the legacy of camaraderie among classmates continues to thrive.
This information is meant to be a general summary of Classmate 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 2022.
- Investment Income: -$64,518
- Gross Receipts: $2,816,094
Assets and Liabilities:
- Total Assets: $2,476,838
- Total Liabilities: $0
- Net Assets: $2,476,838
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Organization Details
Founding Year
1987
Phone
(757) 422-8700Principal Officer
Sheppard Davis
Main Address
401 ATLANTIC AVE 1002 C/O S DAVIS, VIRGINIA BEACH, VA, 234516907
NTEE Category
Code: B84 - Education
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