Overview
What is The Thomas R Elsasser Memorial Scholarship Fund Inc?
The Thomas R Elsasser Memorial Scholarship Fund Inc is a charitable organization situated in New York City, specifically at 204 East 23rd Street, New York, NY 10010. Their primary objective is to support the dependents of Uniformed Firefighters Association of Greater New York, Local 94 I.A.F.F., members who have tragically passed away under non-line-of-duty circumstances. To achieve this mission, they collect contributions and channel them towards providing scholarships and grants. The fund's purpose is to alleviate some financial burden for these families during their time of loss.
Official website here: www.ufalocal94.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. The Thomas R Elsasser Memorial Scholarship Fund Inc has achieved a decent score reflecting its strong performance in accountability and finance. The charity's overall score is entirely derived from its accountability metrics, indicating a solid foundation in financial management.
The organization has excelled in certain areas, such as having a majority of independent board members (91%) and a strong program expense ratio of 90.04%, which suggests that a significant portion of its funds is directed towards its mission. Furthermore, the absence of any material diversion of assets enhances its credibility, supported by the presence of documented board meeting minutes.
However, there are notable gaps that could affect its overall rating. The charity lacks several key policies, including those for conflict of interest and whistleblower protection, which could raise concerns about governance practices. Additionally, the nonprofit has not provided its tax form on its website, which is a missed opportunity for transparency. Addressing these limitations could help improve its standing in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is The Thomas R Elsasser Memorial Scholarship Fund Inc legitimate?
The Thomas R Elsasser Memorial Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Thomas R Elsasser Memorial Scholarship 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.
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.ufalocal94.org
What is the mission statement of The Thomas R Elsasser Memorial Scholarship Fund Inc?
The Thomas R Elsasser Memorial Scholarship Fund Inc was established with the mission to collect contributions in honor of deceased members of the Uniform Firefighters Association of Greater New York, Local 94 I.A.F.F. The primary aim of the corporation is to provide financial assistance to the widows, children, and dependents of these firefighters who passed away under non-line of duty circumstances. Over the years, the fund has provided scholarships and grants to approximately 45 dependents of these firefighters, offering them financial support during their time of need. The mission of The Thomas R Elsasser Memorial Scholarship Fund Inc is to alleviate some of the financial burden faced by the families of these fallen heroes, ensuring they continue to receive the support they deserve.
Official website here: www.ufalocal94.org
Who is the CEO of The Thomas R Elsasser Memorial Scholarship Fund Inc?
Kevin E Gallagher is the Chairman of The Thomas R Elsasser Memorial Scholarship Fund Inc.
Official website here: www.ufalocal94.org
What is the revenue of The Thomas R Elsasser Memorial Scholarship Fund Inc?
The Thomas R Elsasser Memorial Scholarship Fund Inc's revenue in 2022 was $670,293.
Official website here: www.ufalocal94.org
Who are the executives of The Thomas R Elsasser Memorial Scholarship Fund Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.ufalocal94.org
Where can I find the form 990 for The Thomas R Elsasser Memorial Scholarship Fund Inc?
The Thomas R Elsasser Memorial Scholarship Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ufalocal94.org
Learn more at the official website: www.ufalocal94.org
Mission Statement of The Thomas R Elsasser Memorial Scholarship Fund Inc
The Thomas R Elsasser Memorial Scholarship Fund Inc was established with a mission to collect contributions on behalf of the widows, children, and dependents of members of the Uniform Firefighters Association of Greater New York, Local 94 I.A.F.F., who have passed away under non-line of duty circumstances. This nonprofit organization was founded to accept donations for the benefit of these bereaved families, aiming to provide financial aid and support during their time of need.
Throughout its operations, The Thomas R Elsasser Memorial Scholarship Fund Inc has provided scholarships and grants to approximately 45 dependents of UFA members who sadly lost their lives in non-line of duty situations. The fund's purpose is to offer these families some financial relief and assistance, helping them in their journey towards healing and recovery. By collecting contributions and distributing scholarships and grants, the organization aims to honor the memory of the deceased members and support their loved ones, ensuring that their legacy lives on in a meaningful way.
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Impact
July, 2024
The impact of The Thomas R Elsasser Memorial Scholarship Fund Inc is profound and direct. This organization provides scholarships and grants to approximately 45 dependents of Uniformed Firefighters Association of Greater New York members who have tragically passed away in non-line of duty circumstances. By offering financial support for education, the fund helps alleviate the burden on families during difficult times and ensures that the dependents have the opportunity to pursue their academic goals. This assistance ultimately contributes to the long-term well-being and success of the recipients, honoring the legacy of the fallen firefighters and supporting their loved ones in a meaningful way.
This information is meant to be a general summary of The Thomas R Elsasser Memorial Scholarship 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: $274,946
- Gross Receipts: $1,505,984
Assets and Liabilities:
- Total Assets: $3,644,825
- Total Liabilities: $2,275
- Net Assets: $3,642,550
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Organization Details
Founding Year
1992
Phone
(212) 683-4832Principal Officer
Kevin E Gallagher
Main Address
204 EAST 23RD STREET, NEW YORK, NY, 10010
Website
www.ufalocal94.orgNTEE Category
Code: B82 - Education
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