Overview
What is T Patino Mem Tr Ua 2 Univ Chi & Col?
T Patino Mem Tr Ua 2 Univ Chi & Col is a nonprofit organization, whose mission involves providing financial assistance to selected law students from the University of Chicago Law and Columbia University School of Law. According to the trust agreement, the trustee issues semi-annual checks to these students, designated as "Tony Patino Fellow-Elect," as directed by the respective deans of the universities. The nonprofit's purpose, as per the information provided, is not detailed beyond this specific grant-making function.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
The T Patino Mem Tr Ua 2 Univ Chi & Col has received a low rating primarily due to significant shortcomings in accountability and financial transparency. With a score of 50%, the organization lacks independent board members, which raises concerns about governance and oversight. While there are no reported material diversions of assets, the absence of essential policies and documentation such as a conflict of interest policy and board meeting minutes, contributes to their low rating.
On a positive note, the charity demonstrates a commendable program expense ratio of 93.44%, indicating that a substantial portion of its expenditures is directed towards its programs rather than administrative costs. Additionally, the organization maintains a liability to assets ratio of 0.00%, suggesting that it is not burdened by debt, which is a positive indicator of financial health.
However, the absence of a functional website and critical governance documents limits transparency and accountability. To enhance its credibility and effectiveness, the organization would benefit from establishing independent board membership and implementing necessary operational policies. Overall, while the charity is effectively utilizing its funds for programs, its governance issues present significant areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is T Patino Mem Tr Ua 2 Univ Chi & Col legitimate?
T Patino Mem Tr Ua 2 Univ Chi & Col is a legitimate nonprofit organization registered as a 501(c)(3) entity. T Patino Mem Tr Ua 2 Univ Chi & Col 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: $10,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of T Patino Mem Tr Ua 2 Univ Chi & Col?
The mission of T Patino Mem Tr Ua 2 Univ Chi & Col, as outlined in its trust agreement, involves issuing semi-annual or as-directed checks to students designated as "Tony Patino Fellow-Elect" by the deans of the University of Chicago Law and Columbia University School of Law. This nonprofit organization's primary activity revolves around financially supporting these selected students. Regrettably, information about the purpose or goal behind this financial aid or the broader context of the organization is not available in the provided data. Consequently, a comprehensive mission statement cannot be formulated.
Who is the CEO of T Patino Mem Tr Ua 2 Univ Chi & Col?
Unavailable
What is the revenue of T Patino Mem Tr Ua 2 Univ Chi & Col?
T Patino Mem Tr Ua 2 Univ Chi & Col's revenue in 2022 was $5,222.
Who are the executives of T Patino Mem Tr Ua 2 Univ Chi & Col and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for T Patino Mem Tr Ua 2 Univ Chi & Col?
T Patino Mem Tr Ua 2 Univ Chi & Col's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of T Patino Mem Tr Ua 2 Univ Chi & Col
T Patino Mem Tr Ua 2 Univ Chi & Col, as per its trust agreement, has a specific mission. The trustee associated with this nonprofit is responsible for issuing semi-annual checks to students who have been designated as "Tony Patino Fellow-Elect" by the deans of the University of Chicago Law and Columbia University School of Law. This financial support is a testament to the trust's dedication to aiding and recognizing promising students in these esteemed law schools. The criteria for selecting these students and the exact nature of the financial aid are not specified in the provided information. However, it can be inferred that this nonprofit plays a role in supporting and recognizing exceptional law students.
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Impact
October, 2024
T Patino Mem Tr Ua 2 Univ Chi & Col plays a significant role in supporting legal education by providing financial assistance to designated students at the University of Chicago Law and Columbia University School of Law. Through its structure, the trustee issues checks semi-annually to individuals recognized as "Tony Patino Fellow-Elect," thereby enabling them to focus on their studies and reduce financial burdens during their academic pursuits. This initiative highlights the importance of fostering talent within the legal profession, contributing to the advancement of future leaders in law. By directly facilitating educational opportunities, this program aligns with its mission to enhance academic achievement and support students in their professional development.
This information is meant to be a general summary of T Patino Mem Tr Ua 2 Univ Chi & Col. 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: $5,222
- Gross Receipts: $133,001
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1987
Phone
(212) 454-2306Main Address
PO BOX 1297 CHURCH ST STATION, NEW YORK, NY, 10008
NTEE Category
Code: B82 - Education
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