Overview
What is Portsmouth Scottish Rite Foundation Inc?
Portsmouth Scottish Rite Foundation Inc is a nonprofit organization situated in Portsmouth, Virginia. Their primary focus lies in supporting children, with a special emphasis on those with language disorders. By contributing to a scholarship through the Tidewater Scottish Rite Foundation, they extend their influence to Old Dominion University. Their mission is to foster and uphold initiatives aimed at aiding children in general, with a particular focus on those with language-related challenges. The foundation maintains an active presence in the community, advocating for and offering resources to children in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
The Portsmouth Scottish Rite Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The rating is based solely on its Accountability & Finance score, which stands at 97%. This signifies that the organization effectively manages its resources and adheres to best practices in governance.
One of the notable strengths of the foundation is its board composition, featuring 100% independent members, which enhances the organization's integrity and decision-making process. Additionally, the foundation demonstrates robust policies in place, including conflict of interest and whistleblower policies, ensuring accountability within its operations. The organization also maintains a strong financial profile with a low liabilities to assets ratio of 4.13% and a program expense ratio of 70.37%, indicating a significant commitment to its mission-driven activities.
While the foundation has shown exemplary performance in its financial practices and governance, there are no specific limitations noted in the feedback. Overall, the Portsmouth Scottish Rite Foundation Inc stands out as a responsible and well-managed nonprofit, making it a reliable organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Portsmouth Scottish Rite Foundation Inc legitimate?
Portsmouth Scottish Rite Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portsmouth Scottish Rite Foundation 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.
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What is the mission statement of Portsmouth Scottish Rite Foundation Inc?
The Portsmouth Scottish Rite Foundation Inc's mission is centered around providing support for children, with a particular focus on those with language disorders. They work towards establishing, maintaining, and promoting initiatives aimed at benefiting children in this regard. The organization's activities are geared towards making a positive impact on the lives of these children, contributing to their overall development and well-being. An example of their efforts includes contributing to a scholarship for children with language disorders at Old Dominion University.
Who is the CEO of Portsmouth Scottish Rite Foundation Inc?
Franklin D Edmondson is the President of Portsmouth Scottish Rite Foundation Inc.
What is the revenue of Portsmouth Scottish Rite Foundation Inc?
Portsmouth Scottish Rite Foundation Inc's revenue in 2022 was $30,236.
Who are the executives of Portsmouth Scottish Rite Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Portsmouth Scottish Rite Foundation Inc?
Portsmouth Scottish Rite Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portsmouth Scottish Rite Foundation Inc
Portsmouth Scottish Rite Foundation Inc is dedicated to providing support, particularly for children who struggle with language disorders. Its mission is to establish, maintain, and promote initiatives aimed at aiding such children. The foundation seeks to make a significant impact in this area, extending its support to children beyond just those with language disorders, showing a broader commitment to child welfare in general. Through its activities, the foundation aims to contribute positively to the lives of these children, providing them with the necessary resources and opportunities to overcome their challenges.
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Impact
August, 2024
Portsmouth Scottish Rite Foundation Inc's impact lies in providing support and assistance to children, particularly those with language disorders. They have contributed to a Graduate Scholarship at Old Dominion University through the Tidewater Scottish Rite Foundation, ensuring that children in need are able to access education and support for their specific challenges. This organization's mission to promote support for children, especially those facing language disorders, is crucial in facilitating their growth and development.
This information is meant to be a general summary of Portsmouth Scottish Rite Foundation 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: $12,311
- Gross Receipts: $32,626
Assets and Liabilities:
- Total Assets: $699,469
- Total Liabilities: $41,500
- Net Assets: $657,969
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Organization Details
Founding Year
2005
Principal Officer
Franklin D Edmondson
Main Address
PO Box 7276, Portsmouth, VA, 23707
NTEE Category
Code: E50 - Health
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