Overview
What is Mceldowney Academic Scholarship Fund?
The Mceldowney Academic Scholarship Fund is a nonprofit organization committed to enhancing education and charitable causes. Its primary mission involves distributing funds to serve these purposes, with a significant focus on granting academic scholarships and celebrating academic achievements. This fund's initiatives primarily revolve around providing scholarships to eligible students, thereby recognizing and encouraging academic excellence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
The Mceldowney Academic Scholarship Fund has been rated as "Needs Improvement" by Charity Navigator, with an overall score of 73%. This rating indicates that while the organization demonstrates strong accountability and financial metrics, there are areas that require attention, particularly concerning governance practices. The organization boasts a perfect score for independent board members and a solid program expense ratio, reflecting effective fund allocation towards its mission.
Despite these strengths, several governance policies are reportedly missing, including a conflict of interest policy, a whistleblower policy, and a document retention policy. The absence of these critical policies may raise concerns about transparency and accountability, which are essential for maintaining donor trust and organizational integrity. Additionally, the nonprofit's tax form is not available on its website, which could hinder stakeholder access to important financial information.
Overall, while the Mceldowney Academic Scholarship Fund shows promise in its core operations and financial health, it must address its governance deficiencies to improve its rating and ensure the long-term sustainability of its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mceldowney Academic Scholarship Fund legitimate?
Mceldowney Academic Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mceldowney Academic Scholarship Fund 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 Mceldowney Academic Scholarship Fund?
The Mceldowney Academic Scholarship Fund's mission is centered around advancing education and contributing to charitable causes. They achieve this by dispersing their funds for these purposes, with a significant focus on granting academic scholarships and recognizing academic excellence among eligible students. The organization's activities primarily revolve around providing scholarships, aiming to support and honor students excelling in their academic pursuits.
Who is the CEO of Mceldowney Academic Scholarship Fund?
Eileen Mceldowney is the Trustee of Mceldowney Academic Scholarship Fund.
What is the revenue of Mceldowney Academic Scholarship Fund?
Mceldowney Academic Scholarship Fund's revenue in 2022 was $36,815.
Who are the executives of Mceldowney Academic Scholarship Fund and what are their salaries?
Here are 17 key members and their salaries:
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Where can I find the form 990 for Mceldowney Academic Scholarship Fund?
Mceldowney Academic Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mceldowney Academic Scholarship Fund
The Mceldowney Academic Scholarship Fund, established with the objective of advancing education and contributing to charitable causes, primarily focuses on granting academic scholarships and honoring academic excellence. This nonprofit organization distributes its funds towards these purposes, aiming to support eligible students in their educational journeys. By providing scholarships, the Mceldowney Academic Scholarship Fund plays a significant role in recognizing the accomplishments and potential of talented individuals, thereby contributing to a more educated and prosperous society.
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Impact
August, 2024
The Mceldowney Academic Scholarship Fund has a substantial impact on supporting education and academic excellence. By providing scholarships to eligible students, the fund helps individuals pursue their educational goals and aspirations. This initiative not only benefits the recipients directly by easing the financial burden of education but also contributes to the overall advancement of education in the community. Through its focus on recognizing academic excellence, the fund encourages and rewards hard work, dedication, and achievement in education. Overall, the Mceldowney Academic Scholarship Fund plays a vital role in promoting learning, supporting students, and fostering academic success in Altoona, PA.
This information is meant to be a general summary of Mceldowney Academic Scholarship Fund. 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: $2
- Gross Receipts: $77,788
Assets and Liabilities:
- Total Assets: $25,928
- Total Liabilities: $0
- Net Assets: $25,928
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Organization Details
Founding Year
2004
Phone
(814) 943-6734Principal Officer
Eileen Mceldowney
Main Address
227 EAST 26TH AVENUE, ALTOONA, PA, 16601
NTEE Category
Code: B82 - Education
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