Overview
What is Fei Houston Scholarship Foundation?
The Fei Houston Scholarship Foundation is a nonprofit organization located at 1321 Antoine Drive, Houston, Texas 77055. Their primary mission is to offer college scholarships to eligible finance and accounting students from South West Texas universities. The foundation awards scholarships worth $5,000 each to 11 students and $14,000 to two others, selected by the universities based on academic performance, financial needs, and community involvement. Their academic honors day event takes place annually in February, and their operations also include professional and administrative costs.
Official website here: www.feihoustonfoundation.org/index.php
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
The Fei Houston Scholarship Foundation has received an overall score of 86%, reflecting strong performance in accountability and finance. This rating is particularly significant as it underscores the organization's commitment to transparency and responsible financial management. The foundation has a perfect score for accountability measures, including having a fully independent board of directors and no material diversion of assets.
Strengths of the organization include its high program expense ratio of 91.45%, indicating that the majority of its funds are directed towards its scholarship programs rather than administrative costs. Additionally, the foundation's policies on conflict of interest and the availability of board meeting minutes contribute to its credibility and public trust. However, it is important to note that the foundation lacks a whistleblower policy and a document retention and destruction policy, which could be potential areas for improvement.
Overall, the Fei Houston Scholarship Foundation demonstrates strong financial health and governance practices, making it a reliable choice for donors looking to support educational initiatives. The identified limitations in governance policies highlight opportunities for the foundation to further enhance its operations and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Fei Houston Scholarship Foundation legitimate?
Fei Houston Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fei Houston Scholarship Foundation 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.feihoustonfoundation.org/index.php
What is the mission statement of Fei Houston Scholarship Foundation?
The Fei Houston Scholarship Foundation's mission is centered around providing financial aid to 13 outstanding finance and accounting students from various South West Texas colleges and universities. The foundation selects these students based on their financial needs, academic performance, and their involvement in campus and community activities. This is done in conjunction with an annual event organized by Financial Executives of Houston Inc., known as the Academic Honors Day, which typically takes place in February. The aim of the scholarship is to support these talented individuals in furthering their education in the finance and accounting fields.
Official website here: www.feihoustonfoundation.org/index.php
Who is the CEO of Fei Houston Scholarship Foundation?
Evelyn Angelle is the President & Director of Fei Houston Scholarship Foundation.
Official website here: www.feihoustonfoundation.org/index.php
What is the revenue of Fei Houston Scholarship Foundation?
Fei Houston Scholarship Foundation's revenue in 2022 was $73,070.
Official website here: www.feihoustonfoundation.org/index.php
Who are the executives of Fei Houston Scholarship Foundation and what are their salaries?
There 100 volunteers at Fei Houston Scholarship Foundation.
Here are 10 key members and their salaries:
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Official website here: www.feihoustonfoundation.org/index.php
Where can I find the form 990 for Fei Houston Scholarship Foundation?
Fei Houston Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.feihoustonfoundation.org/index.php
Learn more at the official website: www.feihoustonfoundation.org/index.php
Mission Statement of Fei Houston Scholarship Foundation
The Fei Houston Scholarship Foundation, in its mission, aims to offer financial aid to 13 outstanding finance and accounting students hailing from South West Texas universities and colleges. This nonprofit organization annually recognizes these deserving individuals during the Financial Executives of Houston Inc.'s Academic Honors Day in February. The scholars are selected based on a combination of factors, including their financial needs, academic excellence, and involvement in campus activities and community services. The Foundation provides scholarships worth $5,000 each to 11 students, and two students receive more substantial awards of $14,000. This generosity from the Fei Houston Scholarship Foundation serves as a significant stepping stone for these students, enabling them to pursue their higher education and future careers in finance and accounting.
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Impact
August, 2024
The FEI Houston Scholarship Foundation's impact is evident through its provision of college scholarships to finance and accounting students in South West Texas. In collaboration with the annual Financial Executives of Houston Inc. Academic Honors Day, the foundation awards $5,000 scholarships to 11 students and $14,000 scholarships to 2 students, totaling $69,000 in financial support. These students are selected based on criteria such as financial needs, academic performance, and community involvement, as determined by the colleges and universities in the region. This support not only helps students pursue their academic dreams but also contributes to the development of future finance and accounting professionals in the area.
This information is meant to be a general summary of Fei Houston Scholarship Foundation. 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: $26,070
- Gross Receipts: $73,070
Assets and Liabilities:
- Total Assets: $789,153
- Total Liabilities: $720
- Net Assets: $788,433
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Organization Details
Founding Year
2003
Phone
(713) 299-6618Principal Officer
Evelyn Angelle
Main Address
1321 ANTOINE DRIVE, HOUSTON, TX, 77055
NTEE Category
Code: B82 - Education
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