Overview
What is New Star Scholarship Foundation?
The New Star Scholarship Foundation is a nonprofit organization that provides financial assistance to students seeking to further their education in high school or college. Recipients are chosen based on their academic performance, financial needs, personal qualities, and potential for leadership. The foundation does not disclose specific details about its activities or mission in the provided information, but it is clear that they prioritize supporting educational pursuits for deserving students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Star rating)
The New Star Scholarship Foundation has received a Two-Star rating from Charity Navigator, indicating challenges in accountability and finance. Despite a satisfactory program expense ratio of 84.82%, the organization has significant weaknesses, particularly in governance policies and transparency. Key documents, including their conflict of interest and whistleblower policies, are missing, which may raise concerns among potential donors regarding oversight and ethical practices.
On the positive side, the foundation boasts a fully independent board, which is crucial for unbiased decision-making. They have also demonstrated a strong commitment to utilizing their resources efficiently, as indicated by their low liabilities to assets ratio of 0.00%. However, the lack of basic governance documentation can detract from the perceived integrity and operational soundness of the organization.
Overall, while the New Star Scholarship Foundation shows promise through its effective program spending and independent governance, the absence of essential policies and transparency measures may hinder donor confidence and support. Improving these areas could enhance their rating and appeal to a broader base of contributors.
This AI summary has been generated from information found on Charity Navigator.
Is New Star Scholarship Foundation legitimate?
New Star Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Star 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.
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
What is the mission statement of New Star Scholarship Foundation?
The New Star Scholarship Foundation's mission is centered around providing financial aid for students seeking to pursue their high school and college education. The scholarships are awarded based on various merits, including academic performance, financial necessities, personal attributes, and potential for future leadership. The foundation aims to empower these students, thereby contributing to their educational journey and future success.
Who is the CEO of New Star Scholarship Foundation?
Jenny Nam is the CEO of New Star Scholarship Foundation The CEO's salary of New Star Scholarship Foundation is $0 and their total compensation is $0.
What is the revenue of New Star Scholarship Foundation?
New Star Scholarship Foundation's revenue in 2023 was $92,969.
Who are the executives of New Star Scholarship Foundation and what are their salaries?
Here are 3 key members and their salaries (New Star Scholarship Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Star Scholarship Foundation?
New Star Scholarship Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New Star Scholarship Foundation
The New Star Scholarship Foundation is a philanthropic organization dedicated to providing financial assistance to students who are pursuing their high school or college education. The foundation's mission is multifaceted, taking into account the students' academic achievements, financial needs, personal strengths, and future leadership potential. By offering scholarships based on these criteria, the New Star Scholarship Foundation aims to support students in achieving their educational goals and fostering future leaders.
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Impact
October, 2024
The New Star Scholarship Foundation significantly impacts students' lives by providing scholarships that empower them to pursue high school and college education. By focusing on academic achievements, financial needs, personal strengths, and leadership potential, the foundation helps students overcome financial barriers that might otherwise limit their educational opportunities.
Located in Los Angeles, California, the foundation's commitment to nurturing the next generation of leaders ensures that deserving students have access to the resources they need to succeed. The scholarships not only alleviate the financial burden of education but also encourage personal growth and development, equipping students with the tools necessary to excel in their chosen paths. This approach fosters a cycle of empowerment, as recipients often go on to become community leaders and role models, amplifying the foundation's positive influence within the community and beyond.
This information is meant to be a general summary of New Star 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 2023.
- Investment Income: $13,978
- Gross Receipts: $92,969
Assets and Liabilities:
- Total Assets: $507,621
- Total Liabilities: $0
- Net Assets: $507,621
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Organization Details
Founding Year
2003
Principal Officer
Jenny Nam
NTEE Category
Code: B82 - Education
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