Overview
What is The American Educational Scholarship Fund Inc?
The American Educational Scholarship Fund Inc, located in Stone Mountain, Georgia, is a nonprofit organization that focuses on alleviating the escalating financial burden of higher education. Through their mission, they successfully raised funds to grant scholarships to twelve deserving undergraduate students enrolled in accredited 2- or 4-year colleges. The organization's primary objective is to offer financial aid to help students pursue their academic goals.
Official website here: www.aesfcollege.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall Score: 68%
Star Rating: Two-Star out of Four Stars
The American Educational Scholarship Fund Inc has received a two-star rating from Charity Navigator, indicating that the organization requires improvement in its operations. With an overall score of 68%, the fund demonstrates a strong commitment to board independence and asset management but struggles with governance practices. The presence of ten independent board members and a perfect score for material diversion of assets highlights solid accountability in some areas.
However, critical shortcomings are evident, particularly in governance policies. The organization scored zero in essential areas such as conflict of interest and whistleblower policies, indicating potential vulnerabilities in ethical standards and transparency. Additionally, the absence of its tax forms on the nonprofit's website raises concerns regarding accessibility and overall communication with stakeholders.
Program expenses are moderately managed, with a ratio of 63.54%, suggesting the organization allocates a reasonable portion of its resources towards its mission. Nevertheless, the need for enhanced policies and better financial practices is clear, as the organization's overall governance framework appears to lack the necessary depth to inspire greater confidence among donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is The American Educational Scholarship Fund Inc legitimate?
The American Educational Scholarship Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The American Educational Scholarship Fund 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.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aesfcollege.org
What is the mission statement of The American Educational Scholarship Fund Inc?
The American Educational Scholarship Fund Inc's mission is centered around addressing the escalating expenses associated with higher education. In pursuit of this goal, the organization provides financial aid solutions to deserving undergraduate students attending accredited two- or four-year colleges. Lastly, through its efforts, twelve scholarship recipients were identified and awarded financial assistance.
Official website here: www.aesfcollege.org
What is the revenue of The American Educational Scholarship Fund Inc?
The American Educational Scholarship Fund Inc's revenue in 2024 was $58,963.
Official website here: www.aesfcollege.org
Who are the executives of The American Educational Scholarship Fund Inc and what are their salaries?
There 8 volunteers at The American Educational Scholarship Fund Inc.
Here are 6 key members and their salaries:
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Official website here: www.aesfcollege.org
Where can I find the form 990 for The American Educational Scholarship Fund Inc?
The American Educational Scholarship Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.aesfcollege.org
Learn more at the official website: www.aesfcollege.org
Mission Statement of The American Educational Scholarship Fund Inc
The American Educational Scholarship Fund, Inc., is dedicated to addressing the escalating expense of higher education for students. Their mission centers around providing financial solutions to alleviate this burden. Through their efforts, they have managed to secure funds to grant scholarships to deserving undergraduates who are pursuing their education at accredited two-year or four-year colleges. Twelve students have benefited from these scholarships, marking a significant step towards making higher education more accessible.
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Impact
August, 2024
The American Educational Scholarship Fund Inc successfully provided financial assistance to twelve students pursuing their undergraduate studies at accredited colleges. Through fundraising efforts, the organization was able to award scholarships to these deserving individuals, helping to alleviate the financial burden associated with obtaining a higher education. This support directly contributes to enabling students to access and complete their college education, ultimately contributing to their personal growth and future opportunities.
This information is meant to be a general summary of The American Educational Scholarship Fund 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 2024.
- Investment Income: $4,706
- Gross Receipts: $58,963
Assets and Liabilities:
- Total Assets: $175,250
- Total Liabilities: $27,685
- Net Assets: $147,565
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Organization Details
Founding Year
2004
Principal Officer
Darrly Edler
Website
www.aesfcollege.orgNTEE Category
Code: B82 - Education
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